First Commonwealth Financial Corporation (FCF) 10-Year Financial Performance & Capital Metrics

FCF • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFirst Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of December 31, 2021, the company operated 118 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio; corporate banking centers in Pittsburgh, Pennsylvania, as well as Columbus, Canton, and Cleveland, Ohio; and mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake, as well as Lewis Center, Ohio. It also operates 136 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.Show more

Net Interest Income $377M -1.5%
Total Revenue $700M +11.7%
Net Income $143M -9.2%
Return on Equity 10.49% -21.0%
Net Interest Margin 3.25% -2.6%
Efficiency Ratio 38.69% -10.2%
ROA 1.24% -16.2%
Equity / Assets 12.13% +5.8%
Book Value per Share 13.75 +6.5%
Tangible BV/Share 10.00 +9.7%
Debt/Equity 0.24 -59.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 38.7% efficiency ratio
✓Well capitalized: 12.1% equity/assets
✓Healthy dividend yield of 2.9%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.28%

5Y11.24%

3Y20.43%

TTM-

Profit (Net Income) CAGR

10Y12.36%

5Y6.24%

3Y1.03%

TTM-5.46%

EPS CAGR

10Y11.22%

5Y5.37%

3Y-1.17%

TTM-6.76%

ROCE

10Y Avg10.27%

5Y Avg10.42%

3Y Avg11.4%

Latest10.19%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	185.04M	196.21M	227.11M	250.36M	268.25M	267.58M	278.02M	311.34M	382.67M	376.84M
NII Growth %	0.02%	0.06%	0.16%	0.1%	0.07%	-0%	0.04%	0.12%	0.23%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	200.64M	214.79M	250.55M	292.26M	325.26M	300.52M	293.32M	329.08M	526.99M	598.41M
Interest Expense	15.6M	18.58M	21.77M	40.03M	55.4M	32.94M	15.3M	17.73M	144.32M	221.57M
Loan Loss Provision	14.95M	18.48M	5.09M	12.53M	14.53M	56.72M	-1.38M	21.11M	14.81M	29.17M
Non-Interest Income+	64.76M	67.42M	80.33M	88.64M	85.48M	95.16M	107.28M	99.58M	99.62M	101.28M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	265.4M	282.21M	330.88M	380.89M	410.75M	395.69M	400.6M	428.66M	626.61M	699.69M
Revenue Growth %	0.01%	0.06%	0.17%	0.15%	0.08%	-0.04%	0.01%	0.07%	0.46%	0.12%
Non-Interest Expense	163.87M	159.93M	200.3M	195.56M	209.97M	215.83M	213.86M	229.64M	269.92M	270.75M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	70.98M	85.23M	103.73M	132.77M	130.85M	90.2M	172.82M	160.19M	197.56M	178.21M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.14%	0.2%	0.22%	0.28%	-0.01%	-0.31%	0.92%	-0.07%	0.23%	-0.1%
Pretax Income+	70.98M	85.23M	103.73M	132.77M	130.85M	90.2M	172.82M	160.19M	197.56M	178.21M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	20.84M	25.64M	48.56M	25.27M	25.52M	16.76M	34.56M	32M	40.49M	35.64M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	50.14M	59.59M	55.16M	107.5M	105.33M	73.45M	138.26M	128.18M	157.06M	142.57M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.13%	0.19%	-0.07%	0.95%	-0.02%	-0.3%	0.88%	-0.07%	0.23%	-0.09%
Net Income (Continuing)	50.14M	59.59M	55.16M	107.5M	105.33M	73.45M	138.26M	128.18M	157.06M	142.57M
EPS (Diluted)+	0.56	0.67	0.57	1.08	1.07	0.75	1.44	1.37	1.54	1.39
EPS Growth %	0.17%	0.2%	-0.15%	0.89%	-0.01%	-0.3%	0.92%	-0.05%	0.12%	-0.1%
EPS (Basic)	0.56	0.67	0.57	1.09	1.07	0.76	1.47	1.37	1.55	1.40
Diluted Shares Outstanding	89.36M	89.01M	97.46M	99.53M	98.59M	97.76M	95.84M	93.89M	101.82M	102.2M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	69.45M	115.68M	107.29M	98.95M	121.86M	356.58M	395.37M	154.24M	146.99M	133.41M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	5.97B	6.02B	6.56B	7.07B	7.41B	7.9B	8.36B	8.8B	10.37B	10.5B
Investments Growth %	0.04%	0.01%	0.09%	0.08%	0.05%	0.07%	0.06%	0.05%	0.18%	0.01%
Long-Term Investments	5.09B	5.25B	5.83B	6.16B	6.51B	7.07B	7.32B	8.04B	9.35B	9.35B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	164.5M	186.48M	255.35M	274.2M	303.33M	303.33M	303.33M	303.33M	363.71M	363.71M
Intangible Assets	1.23M	12.01M	15.01M	13.04M	16.37M	13.49M	11.19M	9.21M	22.82M	19.64M
PP&E (Net)	63.45M	67.53M	81.34M	80.47M	137.27M	125.52M	120.78M	115.11M	121.02M	116.11M
Other Assets	295.72M	278.47M	292.33M	288.11M	320.28M	370.58M	353.61M	422.44M	433.22M	451.01M
Total Current Assets	956.01M	894.29M	838.65M	1.01B	1.02B	1.19B	1.44B	916.9M	1.17B	1.28B
Total Non-Current Assets	5.61B	5.79B	6.47B	6.82B	7.28B	7.88B	8.11B	8.89B	10.29B	10.3B
Total Assets+	6.57B	6.68B	7.31B	7.83B	8.31B	9.07B	9.55B	9.81B	11.46B	11.58B
Asset Growth %	0.03%	0.02%	0.09%	0.07%	0.06%	0.09%	0.05%	0.03%	0.17%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.59B	948.86M	795.38M	906.88M	436.04M	350.63M	320.58M	553.92M	784.59M	343.12M
Net Debt	1.52B	833.18M	688.09M	807.93M	314.18M	-5.95M	-74.79M	399.67M	637.6M	209.72M
Long-Term Debt	81.48M	80.92M	80.33M	177.84M	227.37M	226.87M	175.64M	175.8M	181.09M	257.86M
Short-Term Debt	1.51B	867.94M	707.47M	721.82M	201.85M	117.37M	138.31M	372.69M	597.84M	80.14M
Other Liabilities	59.14M	37.82M	44.32M	47.99M	139.46M	210.19M	132.64M	194.21M	168.31M	158.63M
Total Current Liabilities	5.71B	5.82B	6.29B	6.62B	6.88B	7.56B	8.12B	8.38B	9.79B	9.76B
Total Non-Current Liabilities	140.63M	118.74M	132.24M	233.05M	373.64M	443.45M	314.91M	375.43M	355.07M	421.61M
Total Liabilities	5.85B	5.93B	6.42B	6.85B	7.25B	8B	8.44B	8.75B	10.15B	10.18B
Total Equity+	719.55M	749.93M	888.13M	975.39M	1.06B	1.07B	1.11B	1.05B	1.31B	1.41B
Equity Growth %	0%	0.04%	0.18%	0.1%	0.08%	0.01%	0.04%	-0.05%	0.25%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.08%	0.07%	0.12%	0.1%	0.07%	0.13%	0.12%	0.13%	0.1%
Book Value per Share	8.05	8.43	9.11	9.80	10.71	10.93	11.58	11.21	12.91	13.75
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	105.56M	105.56M	113.92M	113.92M	113.92M	113.92M	113.92M	113.92M	123.6M	123.6M
Additional Paid-in Capital	365.98M	366.43M	470.12M	492.27M	493.74M	494.68M	496.12M	497.43M	630.15M	631.37M
Retained Earnings	378.08M	412.76M	437.42M	511.41M	577.35M	596.61M	691.26M	774.86M	881.11M	971.08M
Accumulated OCI	-2.39M	-7.03M	-6.17M	-11.34M	5.58M	17.23M	-8.77M	-137.69M	-111.76M	-102.51M
Treasury Stock	-127.69M	-127.8M	-127.15M	-130.87M	-134.91M	-153.83M	-183.16M	-196.44M	-208.84M	-218.37M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	72.75M	89.27M	88.31M	135.26M	107.63M	105.7M	165.05M	151.41M	150.76M	129.46M
Operating CF Growth %	-0.11%	0.23%	-0.01%	0.53%	-0.2%	-0.02%	0.56%	-0.08%	-0%	-0.14%
Net Income	50.14M	59.59M	55.16M	107.5M	105.33M	73.45M	138.26M	128.18M	157.06M	142.57M
Depreciation & Amortization	7.64M	7.12M	9M	8.05M	10.37M	11.65M	11.44M	10.55M	4.1M	5.69M
Deferred Taxes	12.65M	5.71M	20.82M	3.47M	2.29M	-8.22M	1.43M	-2.01M	6.84M	3.41M
Other Non-Cash Items	2.81M	18.29M	0	20.35M	-12.01M	41.24M	-2.22M	24.93M	-8.8M	-25.89M
Working Capital Changes	-498K	-1.44M	430K	-4.1M	1.65M	-12.5M	16.14M	-10.23M	-8.45M	3.68M
Cash from Investing+	-142.43M	493.77M	-52.8M	-347.75M	122.94M	-483.14M	-565.3M	-588.79M	-574.27M	-121.72M
Purchase of Investments	-405.03M	-174.1M	-253.31M	-352.62M	-138.87M	-496.86M	-1.04B	-200K	-338.59M	-492.62M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-3.53M	479.47M	3.19M	705K	332.47M	0	0	0	14.49M	0
Other Investing	-199.63M	-82.14M	-134.54M	-190.5M	-298.05M	-569.85M	-71.21M	-802.58M	-402.03M	9.84M
Cash from Financing+	64.6M	-536.82M	-43.89M	204.14M	-207.66M	612.16M	439.05M	196.25M	416.26M	-21.32M
Dividends Paid	-25.09M	-24.91M	-30.51M	-34.85M	-39.39M	-42.98M	-43.61M	-44.58M	-50.81M	-52.6M
Share Repurchases	-25.38M	-864K	-1.46M	-26.19M	-6.26M	-20.91M	-31.3M	-15.6M	-14.96M	-12.63M
Stock Issued	192K	216K	228K	208K	211K	222K	222K	245K	245K	204K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	-214.93M	128.18M	149.18M	187.77M	297.78M	761.4M	543.95M	23.01M	430.66M	485.74M
Net Change in Cash+	-5.09M	46.23M	-8.38M	-8.35M	22.91M	234.72M	38.79M	-241.13M	-7.25M	-13.58M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	74.54M	69.45M	115.68M	107.29M	98.95M	121.86M	356.58M	395.37M	154.24M	146.99M
Cash at End	69.45M	115.68M	107.29M	98.95M	121.86M	356.58M	395.37M	154.24M	146.99M	133.41M
Interest Paid	15.82M	19.21M	21.55M	40.07M	0	0	0	16.4M	139.87M	220.15M
Income Taxes Paid	8.33M	19.95M	27.9M	23.83M	0	0	0	34.33M	37.53M	32.2M
Free Cash Flow+	67.86M	82.21M	76.71M	125.66M	90.25M	98.08M	154.41M	140.21M	128.72M	113.92M
FCF Growth %	-0.05%	0.21%	-0.07%	0.64%	-0.28%	0.09%	0.57%	-0.09%	-0.08%	-0.12%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.99%	8.11%	6.74%	11.54%	10.37%	6.92%	12.7%	11.86%	13.27%	10.49%
Return on Assets (ROA)	0.78%	0.9%	0.79%	1.42%	1.31%	0.85%	1.49%	1.32%	1.48%	1.24%
Net Interest Margin	2.82%	2.94%	3.11%	3.2%	3.23%	2.95%	2.91%	3.18%	3.34%	3.25%
Efficiency Ratio	61.75%	56.67%	60.53%	51.34%	51.12%	54.54%	53.38%	53.57%	43.08%	38.69%
Equity / Assets	10.96%	11.22%	12.15%	12.46%	12.71%	11.78%	11.62%	10.73%	11.47%	12.13%
Book Value / Share	8.05	8.43	9.11	9.8	10.71	10.93	11.58	11.21	12.91	13.75
NII Growth	1.79%	6.03%	15.75%	10.24%	7.15%	-0.25%	3.9%	11.99%	22.91%	-1.52%
Dividend Payout	50.03%	41.8%	55.31%	32.42%	37.4%	58.52%	31.54%	34.78%	32.35%	36.9%

Frequently Asked Questions

Valuation & Price

First Commonwealth Financial Corporation (FCF) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Commonwealth Financial Corporation (FCF) grew revenue by 11.7% over the past year. This is steady growth.

Yes, First Commonwealth Financial Corporation (FCF) is profitable, generating $143.3M in net income for fiscal year 2024 (20.4% net margin).

Dividend & Returns

Yes, First Commonwealth Financial Corporation (FCF) pays a dividend with a yield of 2.92%. This makes it attractive for income-focused investors.

First Commonwealth Financial Corporation (FCF) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

Industry Metrics

First Commonwealth Financial Corporation (FCF) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

First Commonwealth Financial Corporation (FCF) has an efficiency ratio of 38.7%. This is excellent, indicating strong cost control.

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