The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.13, though liquidity is heavily reliant on an $11.2 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 2.59B | 103.28M | 1.28B | 1.17B | 916.9M | 1.44B | 1.19B | 1.02B | 1.01B | 838.65M | 894.29M | 956.01M | 1.38B | 1.4B | 1.27B | 1.22B | 69.86M | 89.56M | 88.57M | 102.51M | 96.12M | 85.03M | 81.99M | 87.87M | 83.09M | 102.38M | 91.15M | 93.9M | 99.5M | 117.4M | 73.6M |
| Cash & Due from Banks | 118.13M | 103.28M | 133.41M | 146.99M | 154.24M | 395.37M | 356.58M | 121.86M | 98.95M | 107.29M | 115.68M | 69.45M | 74.54M | 77.44M | 102.98M | 78.48M | 69.86M | 89.56M | 88.57M | 102.51M | 96.12M | 85.03M | 81.99M | 87.87M | 83.09M | 102.38M | 91.15M | 93.9M | 99.5M | 117.4M | 73.6M |
| Short Term Investments | 0 | 0 | 1.15B | 1.02B | 762.66M | 1.04B | 831.22M | 902.29M | 909.25M | 731.36M | 778.61M | 886.56M | 1.31B | 1.32B | 1.17B | 1.14B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 11.22B | 11.31B | 10.5B | 10.37B | 8.8B | 8.36B | 7.9B | 7.41B | 7.07B | 6.56B | 6.02B | 5.97B | 5.76B | 5.58B | 5.34B | 5.18B | 5.16B | 5.78B | 5.82B | 5.3B | 5.46B | 5.52B | 5.71B | 4.86B | 4.25B | 4.3B | 4.09B | 4.06B | 3.87B | 3.43B | 2.43B |
| Investments Growth % | 25.56% | 7.73% | 1.25% | 17.84% | 5.27% | 5.85% | 6.6% | 4.75% | 7.87% | 8.85% | 0.86% | 3.65% | 3.2% | 4.62% | 3.06% | 0.29% | -10.62% | -0.7% | 9.75% | -2.99% | -1.09% | -3.32% | 17.55% | 14.25% | -0.96% | 4.95% | 0.86% | 4.94% | 12.89% | 40.87% | 9.65% |
| Long-Term Investments | 42.82B | 11.31B | 9.35B | 9.35B | 8.04B | 7.32B | 7.07B | 6.51B | 6.16B | 5.83B | 5.25B | 5.09B | 4.45B | 4.27B | 4.17B | 4.04B | 5.16B | 5.78B | 5.82B | 5.3B | 5.46B | 5.52B | 5.71B | 4.86B | 4.25B | 4.3B | 4.09B | 4.06B | 3.87B | 3.43B | 2.43B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 399.23M | 400.23M | 383.35M | 386.54M | 312.53M | 314.52M | 316.82M | 319.69M | 287.24M | 270.36M | 198.5M | 165.73M | 163.09M | 161.27M | 162.33M | 163.8M | 165.33M | 167.36M | 170.19M | 173.4M | 177.24M | 137.95M | 141.12M | 33.11M | 8.16M | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 378.21M | 378.21M | 363.71M | 363.71M | 303.33M | 303.33M | 303.33M | 303.33M | 274.2M | 255.35M | 186.48M | 164.5M | 161.43M | 159.96M | 159.96M | 159.96M | 159.96M | 159.96M | 159.96M | 159.96M | 160.37M | 122.7M | 123.61M | 29.85M | 8.13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 21.02M | 22.02M | 19.64M | 22.82M | 9.21M | 11.19M | 13.49M | 16.37M | 13.04M | 15.01M | 12.01M | 1.23M | 1.67M | 1.31M | 2.38M | 3.84M | 5.38M | 7.41M | 10.23M | 13.44M | 16.87M | 15.25M | 17.51M | 3.26M | 29K | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 113.81M | 114.28M | 116.11M | 121.02M | 115.11M | 120.78M | 125.52M | 137.27M | 80.47M | 81.34M | 67.53M | 63.45M | 64.99M | 67.94M | 68.97M | 66.75M | 66.98M | 70.74M | 72.64M | 69.49M | 68.9M | 60.86M | 56.97M | 46.54M | 45.73M | 46.37M | 44.67M | 40.9M | 41.9M | 41.5M | 32.6M |
| Other Assets | 407.12M | 366.1M | 451.01M | 433.22M | 422.44M | 353.61M | 370.58M | 320.28M | 288.11M | 292.33M | 278.47M | 295.72M | 295.54M | 324.8M | 324.06M | 353.7M | 347.24M | 341.72M | 276.68M | 237.09M | 237.3M | 217.97M | 204.15M | 160.75M | 133.02M | 138.6M | 142.93M | 147.2M | 87.6M | 83.5M | 46.2M |
| Total Current Assets | 118.13M | 103.28M | 1.28B | 1.17B | 916.9M | 1.44B | 1.19B | 1.02B | 1.01B | 838.65M | 894.29M | 956.01M | 1.38B | 1.4B | 1.27B | 1.22B | 69.86M | 89.56M | 88.57M | 102.51M | 96.12M | 85.03M | 81.99M | 87.87M | 83.09M | 102.38M | 91.15M | 93.9M | 99.5M | 117.4M | 73.6M |
| Total Non-Current Assets | 12.14B | 12.26B | 10.3B | 10.29B | 8.89B | 8.11B | 7.88B | 7.28B | 6.82B | 6.47B | 5.79B | 5.61B | 4.98B | 4.82B | 4.72B | 4.62B | 5.74B | 6.36B | 6.34B | 5.78B | 5.95B | 5.94B | 6.12B | 5.1B | 4.44B | 4.48B | 4.28B | 4.25B | 4B | 3.55B | 2.51B |
| Total Assets | 12.26B | 12.37B | 11.58B | 11.46B | 9.81B | 9.55B | 9.07B | 8.31B | 7.83B | 7.31B | 6.68B | 6.57B | 6.36B | 6.21B | 6B | 5.84B | 5.81B | 6.45B | 6.43B | 5.88B | 6.04B | 6.03B | 6.2B | 5.19B | 4.52B | 4.58B | 4.37B | 4.34B | 4.1B | 3.67B | 2.58B |
| Asset Growth % | 18.76% | 6.74% | 1.09% | 16.87% | 2.73% | 5.26% | 9.14% | 6.14% | 7.11% | 9.34% | 1.78% | 3.25% | 2.34% | 3.66% | 2.64% | 0.49% | -9.83% | 0.32% | 9.22% | -2.65% | 0.29% | -2.78% | 19.45% | 14.68% | -1.28% | 4.83% | 0.73% | 5.96% | 11.67% | 41.94% | 9.32% |
| Return on Assets (ROA) | 1.28% | 1.27% | 1.24% | 1.48% | 1.32% | 1.49% | 0.85% | 1.31% | 1.42% | 0.79% | 0.9% | 0.78% | 0.71% | 0.68% | 0.71% | 0.26% | 0.37% | -0.31% | 0.7% | 0.78% | 0.88% | 0.95% | 0.68% | 1.1% | 0.96% | 1.12% | 1.08% | 1.26% | 0.86% | 1.26% | 1.5% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 196.15M | 452.33M | 343.12M | 784.59M | 553.92M | 320.58M | 350.63M | 436.04M | 906.88M | 795.38M | 948.86M | 1.59B | 1.27B | 843.17M | 636.45M | 520.19M | 392.36M | 1.23B | 1.43B | 902.15M | 1.09B | 1.47B | 1.79B | 1.43B | 1.05B | 1.09B | 929.03M | 1.06B | 771.4M | 396.5M | 191.2M |
| Net Debt | 78.02M | 349.06M | 209.72M | 637.6M | 399.67M | -74.79M | -5.95M | 314.18M | 807.93M | 688.09M | 833.18M | 1.52B | 1.19B | 765.73M | 533.47M | 441.71M | 322.5M | 1.14B | 1.34B | 799.64M | 997.32M | 1.38B | 1.7B | 1.34B | 965.91M | 989.58M | 837.88M | 969.3M | 671.9M | 279.1M | 117.6M |
| Long-Term Debt | 128.51M | 130.19M | 257.86M | 181.09M | 175.8M | 175.64M | 226.87M | 227.37M | 177.84M | 80.33M | 80.92M | 81.48M | 161.63M | 216.55M | 280.22M | 207.41M | 204.5M | 274.45M | 289.24M | 547.95M | 593.42M | 799.74M | 839.57M | 793.97M | 579.93M | 664.22M | 656.86M | 638.4M | 630.9M | 193.1M | 40.9M |
| Short-Term Debt | 26.91M | 281.15M | 80.14M | 597.84M | 372.69M | 138.31M | 117.37M | 201.85M | 721.82M | 707.47M | 867.94M | 1.51B | 1.11B | 626.62M | 356.23M | 312.78M | 187.86M | 958.93M | 1.14B | 354.2M | 500.01M | 665.66M | 946.47M | 634.13M | 469.06M | 427.74M | 272.17M | 424.8M | 140.5M | 203.4M | 150.3M |
| Other Liabilities | 10.51B | 10.34B | 158.63M | 168.31M | 194.21M | 132.64M | 210.19M | 139.46M | 47.99M | 44.32M | 37.82M | 59.14M | 61.13M | 56.13M | 55.05M | 57.7M | 52.85M | 38.32M | 63.78M | 65.46M | 52.68M | 43.31M | 35.98M | 41.88M | 30.23M | 28.36M | 44.98M | 42.1M | 38.9M | 33.4M | 27.2M |
| Total Current Liabilities | 26.91M | 281.15M | 9.76B | 9.79B | 8.38B | 8.12B | 7.56B | 6.88B | 6.62B | 6.29B | 5.82B | 5.71B | 5.42B | 5.23B | 4.91B | 4.82B | 4.81B | 5.49B | 5.42B | 4.7B | 4.83B | 4.66B | 4.79B | 3.92B | 3.51B | 3.55B | 3.34B | 3.37B | 3.07B | 3.09B | 2.26B |
| Total Non-Current Liabilities | 10.68B | 10.53B | 421.61M | 355.07M | 375.43M | 314.91M | 443.45M | 373.64M | 233.05M | 132.24M | 118.74M | 140.63M | 222.75M | 272.69M | 335.27M | 265.12M | 257.35M | 312.76M | 353.02M | 613.41M | 646.1M | 843.06M | 875.55M | 835.85M | 610.16M | 692.58M | 701.84M | 680.5M | 669.8M | 226.5M | 68.1M |
| Total Liabilities | 10.71B | 10.81B | 10.18B | 10.15B | 8.75B | 8.44B | 8B | 7.25B | 6.85B | 6.42B | 5.93B | 5.85B | 5.64B | 5.5B | 5.25B | 5.08B | 5.06B | 5.81B | 5.77B | 5.31B | 5.47B | 5.51B | 5.67B | 4.76B | 4.12B | 4.21B | 4.04B | 4.05B | 3.74B | 3.31B | 2.32B |
| Total Equity | 1.55B | 1.55B | 1.41B | 1.31B | 1.05B | 1.11B | 1.07B | 1.06B | 975.39M | 888.13M | 749.93M | 719.55M | 716.14M | 711.7M | 746.01M | 758.54M | 749.78M | 638.81M | 652.78M | 568.79M | 571.36M | 521.04M | 531.98M | 430.95M | 401.39M | 370.07M | 334.16M | 286.7M | 355.4M | 354.3M | 261.4M |
| Equity Growth % | 38.69% | 10.62% | 6.92% | 24.92% | -5.16% | 3.81% | 1.23% | 8.23% | 9.83% | 18.43% | 4.22% | 0.47% | 0.63% | -4.6% | -1.65% | 1.17% | 17.37% | -2.14% | 14.77% | -0.45% | 9.66% | -2.06% | 23.44% | 7.36% | 8.46% | 10.75% | 16.55% | -19.33% | 0.31% | 35.54% | 3.61% |
| Equity / Assets (Capital Ratio) | 12.66% | 12.57% | 12.13% | 11.47% | 10.73% | 11.62% | 11.78% | 12.71% | 12.46% | 12.15% | 11.22% | 10.96% | 11.26% | 11.45% | 12.44% | 12.99% | 12.9% | 9.91% | 10.16% | 9.67% | 9.45% | 8.65% | 8.58% | 8.3% | 8.87% | 8.07% | 7.64% | 6.6% | 8.68% | 9.66% | 10.11% |
| Return on Equity (ROE) | 10.19% | 10.29% | 10.49% | 13.27% | 11.86% | 12.7% | 6.92% | 10.37% | 11.54% | 6.74% | 8.11% | 6.99% | 6.23% | 5.69% | 5.58% | 2.03% | 3.31% | -3.11% | 7.05% | 8.11% | 9.69% | 10.98% | 8.03% | 12.81% | 11.28% | 14.25% | 15.22% | 16.51% | 9.41% | 12.83% | 14.48% |
| Book Value per Share | 15.16 | 15.00 | 13.75 | 12.91 | 11.21 | 11.58 | 10.93 | 10.71 | 9.80 | 9.11 | 8.43 | 8.05 | 7.69 | 7.33 | 7.18 | 7.24 | 8.04 | 7.55 | 8.75 | 7.79 | 8.03 | 7.48 | 7.98 | 7.26 | 6.83 | 6.37 | 5.80 | 4.73 | 5.74 | 8.04 | 5.89 |
| Tangible BV per Share | 11.26 | 11.14 | 10.00 | 9.11 | 7.88 | 8.29 | 7.69 | 7.47 | 6.91 | 6.34 | 6.20 | 6.20 | 5.94 | 5.67 | 5.62 | 5.68 | 6.27 | 5.57 | 6.47 | 5.42 | 5.54 | 5.50 | 5.87 | 6.70 | 6.69 | 6.37 | 5.80 | 4.73 | 5.74 | 8.04 | 5.89 |
| Common Stock | 126.6M | 126.6M | 123.6M | 123.6M | 113.92M | 113.92M | 113.92M | 113.92M | 113.92M | 113.92M | 105.56M | 105.56M | 105.56M | 105.56M | 105.56M | 105.56M | 105.52M | 86.6M | 86.6M | 75.1M | 75.1M | 71.98M | 71.98M | 63.7M | 62.52M | 62.52M | 62.52M | 62.5M | 0 | 0 | 0 |
| Additional Paid-in Capital | 676.35M | 675.75M | 631.37M | 630.15M | 497.43M | 496.12M | 494.68M | 493.74M | 492.27M | 470.12M | 366.43M | 365.98M | 365.62M | 365.33M | 365.35M | 365.87M | 366.49M | 301.52M | 303.01M | 206.89M | 208.31M | 173.97M | 175.45M | 79.58M | 64.89M | 66.18M | 67.22M | 68.3M | 0 | 0 | 0 |
| Retained Earnings | 1.09B | 1.07B | 971.08M | 881.11M | 774.86M | 691.26M | 596.61M | 577.35M | 511.41M | 437.42M | 412.76M | 378.08M | 353.03M | 334.75M | 315.61M | 294.06M | 291.49M | 278.89M | 309.95M | 319.25M | 322.42M | 318.57M | 307.36M | 312.26M | 296.17M | 288.22M | 272.17M | 257.8M | 235.6M | 228.2M | 168.7M |
| Accumulated OCI | -68M | -64.6M | -102.51M | -111.76M | -137.69M | -8.77M | 17.23M | 5.58M | -11.34M | -6.17M | -7.03M | -2.39M | -4.5M | -20.59M | 1.26M | 2M | -2.46M | -6.04M | -21.27M | -9.75M | -19.51M | -23.25M | 3.83M | 13.18M | 22.8M | 4.58M | -13.1M | -46.5M | 2.2M | 2.2M | 1.3M |
| Treasury Stock | -273.85M | -251.26M | -218.37M | -208.84M | -196.44M | -183.16M | -153.83M | -134.91M | -130.87M | -127.15M | -127.8M | -127.69M | -103.56M | -73.36M | -41.78M | -7.34M | -7.66M | -16.55M | -17.91M | -22.7M | -14.95M | -20.21M | -26.64M | -37.78M | -44.98M | -51.43M | -54.67M | -55.4M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46.5M | 0 | 0 | 0 |
Regional credit concentration exposure
According to the provided balance sheet data, FCF's total assets expanded from $11.5 billion in 2023Q4 to $12.3 billion in 2026Q1, primarily supported by a significant increase in the investment securities portfolio, which grew from $10.4 billion to $11.2 billion over the same period.
The bank's asset growth appears heavily weighted toward investment securities rather than organic loan expansion, suggesting a cautious approach to credit risk in the current environment. This strategy may indicate that management is prioritizing liquidity and yield preservation over aggressive balance sheet expansion in its core Pennsylvania and Ohio markets.
As reported in the financial statements, FCF maintained a consistent equity-to-assets ratio of approximately 0.13 as of 2026Q1, reflecting a stable capital base that has remained largely unchanged despite the fluctuations in total asset size observed over the previous ten quarters.
The bank's capital position appears robust, providing a sufficient buffer against potential volatility in its regional loan portfolio. This level of capitalization suggests that management is maintaining a conservative posture, which may limit near-term return on equity but enhances the bank's resilience against localized economic downturns.
Based on the reported figures, FCF holds a substantial investment securities portfolio of $11.2 billion as of 2026Q1, which dwarfs the $118.1 million in cash and cash equivalents, indicating that the bank's liquidity is primarily tied to the marketability of its securities holdings.
The heavy reliance on securities for liquidity warrants monitoring, as it exposes the bank to interest rate risk and potential unrealized losses within the AOCI. Investors should consider whether this liquidity profile provides sufficient flexibility to meet deposit outflows without forcing the sale of securities at unfavorable market prices.
As indicated by the balance sheet composition, the concentration of over 90% of total assets in investment securities suggests that FCF's primary risk is not traditional credit default, but rather the duration mismatch and interest rate sensitivity inherent in its large securities portfolio.
While the bank's credit risk appears managed, the lack of granular loan-to-deposit data in the provided figures makes it difficult to assess the true health of the core lending franchise. This structural imbalance suggests that the bank's earnings may be more sensitive to yield curve shifts than to the underlying credit performance of its regional borrower base.
Quick answers to the most common questions about buying FCF stock.
As of 2025, First Commonwealth Financial Corporation (FCF) had total assets of $12.37B including $103.3M in current assets.
First Commonwealth Financial Corporation (FCF) carries total debt of $452.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First Commonwealth Financial Corporation (FCF) has total shareholders' equity (book value) of $1.55B ($15.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First Commonwealth Financial Corporation (FCF) reported a current ratio of 0.37x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.