First Commonwealth Financial Corporation
- Open
- 20.69
- Day high
- 21.14
- Day low
- 20.64
- Prev close
- 20.53
- Volume
- 855K
- Mkt cap
- $2.1B
- P/E (TTM)
- 12.8
- EPS (TTM)
- $1.64
- P/B
- 1.4
- P/S
- 3.4
- Yield
- 2.62%
- Per share
- $0.55
- ▼Insiders net selling -$1.1M over the last 3 months (0 open-market buys, 40 sales)
- 🏛Institutions accumulating (13F)
First Commonwealth Financial Corporation (FCF) is a Financial Services company listed on NYSE. The stock is up 19% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 40 sales (SEC Form 4). Drillr has 1 published research article covering FCF.
First Commonwealth Financial Corporation (FCF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FCF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $0.42 | $0.44 | +3.9% | $139M | +1.4% |
| Apr 29, 2026 | $0.40 | $0.37 | -7.5% | $134M | -0.5% |
| Jan 27, 2026 | $0.41 | $0.43 | +4.9% | $138M | +2.6% |
| Jul 29, 2025 | $0.34 | $0.38 | +11.8% | $131M | -2.3% |
| Apr 29, 2025 | $0.32 | $0.32 | +0.0% | $118M | -2.7% |
| Jan 28, 2025 | $0.36 | $0.35 | -2.8% | $120M | +0.4% |
| Jul 23, 2024 | $0.35 | $0.36 | +2.9% | $120M | +1.4% |
| Jan 30, 2024 | $0.39 | $0.44 | +12.8% | $120M | -2.9% |
| Jul 25, 2023 | $0.41 | $0.42 | +2.4% | $122M | -0.8% |
| Jan 24, 2023 | $0.43 | $0.38 | -11.6% | $112M | -0.9% |
| Oct 25, 2022 | $0.38 | $0.37 | -2.6% | $108M | +2.7% |
| Jul 26, 2022 | $0.33 | $0.33 | +0.0% | $98M | +0.8% |
FCF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Sohocki Brian Jofficer: EVP/Chief Credit Officer | Tax | 1,425 | — |
| Aug 10, 2026 | Grebenc Janedirector | Sell | 310 | $21.73 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 3,000 | $21.46 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 5,000 | $21.46 |
| Aug 10, 2026 | Grebenc Janedirector | Sell | 3,300 | $21.67 |
| Aug 10, 2026 | Grebenc Janedirector | Sell | 1,342 | $21.73 |
| Aug 10, 2026 | Grebenc Janedirector | Sell | 302 | $21.70 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 4,539 | $21.47 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 4,808 | $21.46 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 3,653 | $21.46 |
| Aug 10, 2026 | Lyon Lee E IIofficer: EVP / Chief Audit Executive | Sell | 4,000 | $21.48 |
| Aug 10, 2026 | Grebenc Janedirector | Sell | 9,746 | $21.70 |
| Aug 6, 2026 | Reske James Rofficer: EVP/Chief Financial Officer | Sell | 100 | $21.81 |
| Aug 6, 2026 | Reske James Rofficer: EVP/Chief Financial Officer | Sell | 200 | $21.79 |
| Aug 6, 2026 | Reske James Rofficer: EVP/Chief Financial Officer | Sell | 500 | $21.84 |
Source: FCF SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full FCF insider & 13F page →FCF research & analysis
First Commonwealth Financial Corporation company profile
Overview
First Commonwealth Financial Corporation (NASDAQ:FCF) is a regional banking holding company founded in 1934 and headquartered in Indiana, Pennsylvania. The company has grown through organic expansion and strategic acquisitions to become a prominent community bank serving western and central Pennsylvania as well as northeastern, central, and southwestern Ohio. With nearly a century of operations, First Commonwealth has established itself as a relationship-focused regional bank that emphasizes commercial banking, consumer services, and wealth management across its multi-state footprint.
Business
First Commonwealth Financial operates in the regional banking industry, providing comprehensive financial services to both individual consumers and commercial clients across Pennsylvania and Ohio markets. The company operates as a traditional community bank with a focus on relationship banking rather than transactional services. The bank's core offerings include consumer banking services such as checking and savings accounts, certificates of deposit, mortgage loans, personal loans, credit cards, and digital banking platforms. These services cater to individual customers seeking traditional banking relationships with local decision-making and personalized service. On the commercial side, First Commonwealth provides business banking services including commercial lending, business checking accounts, cash management services, and specialized lending programs. The bank has developed particular expertise in equipment finance, which involves providing loans to businesses for purchasing machinery, vehicles, and other equipment. This segment has become a significant growth driver, with the portfolio reaching approximately $80 million and contributing meaningfully to loan growth. The company also operates a wealth management division that offers trust services, asset management, insurance products, and investment services through licensed brokers. This segment generates fee-based income and serves higher-net-worth clients seeking comprehensive financial planning. Additionally, First Commonwealth has built a strong Small Business Administration (SBA) lending practice, ranking as the #2 SBA lender in Western Pennsylvania. SBA lending involves providing government-guaranteed loans to small businesses, which reduces credit risk while generating fee income. Revenue is roughly divided between net interest income (approximately 75-80% of total revenue) generated from the spread between loan yields and deposit costs, and non-interest income (20-25%) from fees, wealth management, and other services.
Revenue model
First Commonwealth generates revenue through two primary channels: net interest income and fee-based services. The bank's fundamental business model revolves around net interest margin - borrowing money from depositors at low rates and lending it to borrowers at higher rates, capturing the spread as profit. The bank's net interest income represents 75-80% of total revenue and comes from loans to consumers and businesses. Commercial loans, including commercial real estate, equipment finance, and C&I (commercial and industrial) lending, typically offer higher yields than consumer loans. The bank has been strategically shifting toward more commercial lending to improve profitability, targeting a C&I portfolio of 25-30% of total loans long-term. Fee-based income accounts for 20-25% of revenue and includes wealth management fees, SBA loan origination fees, deposit service charges, interchange income from debit cards, and mortgage banking fees. The bank has been working to grow this more stable revenue stream, though it faces headwinds from regulatory changes like the Durbin Amendment, which caps interchange fees for banks over $10 billion in assets. Several factors influence the bank's profitability margins. Interest rate environment significantly impacts net interest margin - rising rates generally benefit the bank as it can reprice loans faster than deposits, while falling rates compress margins. The bank maintains an asset-sensitive balance sheet, meaning it benefits more from rising rates than it suffers from falling rates. Credit quality directly affects profitability through loan loss provisions. Economic downturns, industry-specific stress, or poor underwriting can lead to higher charge-offs and provision expenses. Deposit competition influences funding costs, as banks must compete for deposits by offering higher rates during periods of monetary tightening. Regulatory compliance costs increase as the bank approaches $15 billion in assets, requiring additional infrastructure and compliance investments. The bank also faces ongoing pressure from digital transformation needs and competition from fintech companies, requiring continuous technology investments to remain competitive.
Competitive moat
First Commonwealth's competitive moat is moderate and primarily derived from its established regional market presence and relationship banking model. The bank benefits from deep community ties built over nearly 90 years of operation, creating customer loyalty and local market knowledge that larger national banks cannot easily replicate. The company's geographic concentration in Pennsylvania and Ohio markets provides intimate knowledge of local economic conditions, businesses, and creditworthy borrowers. This local expertise enables better underwriting decisions and relationship management compared to distant competitors. The bank's branch network and local lending teams create switching costs for commercial clients who value face-to-face relationships and quick decision-making. First Commonwealth's specialized lending capabilities, particularly in equipment finance and SBA lending, provide some differentiation. The bank's ranking as the #2 SBA lender in Western Pennsylvania demonstrates expertise that creates competitive advantages in serving small businesses. However, the bank's moat faces several vulnerabilities. Digital disruption continues to erode traditional banking relationships as customers increasingly value convenience over personal service. Fintech companies and larger banks with superior technology platforms can attract customers with better digital experiences and competitive pricing. Regulatory barriers that historically protected community banks have diminished, allowing more competition from non-bank lenders and online financial services. The bank's scale limitations compared to regional and national competitors restrict its ability to invest in technology and compete on pricing for larger commercial relationships. Interest rate sensitivity creates vulnerability during economic cycles, as the bank's asset-sensitive position can work against it during rate cutting cycles. Geographic concentration, while providing local expertise, also creates risk from regional economic downturns that could disproportionately impact the bank's markets. Overall, First Commonwealth maintains a defensible but not dominant competitive position that requires continuous investment in technology, talent, and market expansion to sustain long-term profitability.
Risks & safety
First Commonwealth demonstrates solid financial stability with manageable risk levels, though some metrics warrant monitoring. • Liquidity and Cash Position: Strong cash position of $141 million plus short-term investments, providing adequate liquidity buffer. Current ratio of 15.9 indicates sufficient short-term liquidity coverage. • Debt and Solvency: Moderate debt-to-equity ratio of 0.24, indicating conservative leverage. No immediate solvency concerns with total equity of $1.4 billion supporting $11.8 billion in assets. • Profitability and Cash Generation: Positive free cash flow of $51 million in Q1 2025, demonstrating ability to generate cash after capital expenditures. Return on equity of 10.1% for FY 2024 shows reasonable profitability. • Valuation Metrics: Trading at P/E ratio of 12.1 and price-to-book of 1.1, suggesting reasonable valuation relative to book value and earnings. • Credit Quality Concerns: Non-performing loans at 0.68% of total loans, manageable but requires monitoring. Recent provision expenses elevated due to specific credit issues, particularly from Centric acquisition integration. • Regulatory Risk: Approaching $15 billion asset threshold triggers additional regulatory requirements and Durbin Amendment impact, creating near-term earnings headwinds of approximately $6.7 million annually.
Recent development
Over the past few years, First Commonwealth has pursued several strategic initiatives to drive growth and improve profitability. The most significant development was the acquisition of Centric Bank, which expanded the company's presence and loan portfolio but also brought credit quality challenges that management has been working through systematically. The bank has made substantial investments in commercial banking talent and capabilities, particularly in equipment finance and C&I lending. This strategic shift aims to reduce reliance on lower-yielding consumer loans and move toward higher-margin commercial relationships. The equipment finance portfolio has grown significantly, reaching meaningful scale and contributing to loan growth momentum. Digital transformation has been a key focus, with improvements to online account opening, mobile banking platforms, and customer experience metrics. The bank has achieved record customer satisfaction scores, indicating success in balancing digital capabilities with relationship banking strengths. Recent quarters have shown progress in deposit franchise strengthening, with the bank successfully growing core deposits while managing funding costs. Management has demonstrated discipline in deposit pricing, allowing some higher-cost deposits to run off while focusing on relationship-based deposit growth. The company completed the CenterBank acquisition in Cincinnati, expanding its Ohio market presence and adding commercial banking capabilities. This acquisition represents continued geographic expansion within the bank's core markets. Fee income diversification efforts have shown mixed results, with strength in wealth management and SBA lending offset by regulatory headwinds from the Durbin Amendment. Management continues to focus on growing non-interest income to reduce dependence on net interest margin. Credit management has been a significant focus, particularly working through legacy issues from the Centric acquisition. The bank has taken specific reserves on problem credits and has seen improvement in overall credit metrics, with non-performing loans declining from 0.83% to 0.68%.
FCF company profile · for informational purposes only — not investment advice.
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