FIRST COMMONWEALTH FINANCIAL CORP /PA/ Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Weighted average common shares issued | 125,614,804 | 123,603,380 | 122,780,523 | ||||||||||||||
| Average treasury shares | (22,102,372) | (21,435,256) | (21,004,846) | ||||||||||||||
| Average deferred compensation shares | (56,603) | (57,200) | (56,206) | ||||||||||||||
| Average unearned nonvested shares | (235,748) | (197,813) | (163,044) | ||||||||||||||
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 103,220,081 | 101,913,111 | 101,556,427 | ||||||||||||||
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share | 247,343 | 235,843 | 208,819 | ||||||||||||||
| Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share | 56,706 | 56,543 | 56,955 | ||||||||||||||
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 103,524,130 | 102,205,497 | 101,822,201 | ||||||||||||||
| Per Share Data | |||||||||||||||||
| Basic Earnings Per Share | $ | 1.48 | $ | 1.40 | $ | 1.55 | |||||||||||
| Diluted Earnings Per Share | $ | 1.47 | $ | 1.39 | $ | 1.54 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Price Range | Price Range | Price Range | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares | From | To | Shares | From | To | Shares | From | To | |||||||||||||||||||||||||||||||||||||||||||||
| Restricted Stock | 173,918 | $ | 12.39 | $ | 18.62 | 127,230 | $ | 12.39 | $ | 18.62 | 114,177 | $ | 12.70 | $ | 16.43 | ||||||||||||||||||||||||||||||||||||||
| Restricted Stock Units | — | $ | — | $ | — | — | $ | — | $ | — | 34,305 | $ | 17.53 | $ | 17.53 | ||||||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 29, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.