Net interest income accelerated to $113.2 million by 2025Q4, while the efficiency ratio remained tightly controlled between 38.8% and 42.0% over the last five quarters.
| 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 |
|---|
| Net Interest Income | 438.06M | 424.07M | 376.84M | 382.67M | 311.34M | 278.02M | 267.58M | 268.25M | 250.36M | 227.11M | 196.21M | 185.04M | 181.78M | 184.35M | 188.82M | 189.82M | 206.69M | 206.3M | 186.26M | 161.38M | 166.96M | 173.45M | 167.34M | 143.53M | 152.9M | 141.72M | 137.34M | 143.4M | 133.8M | 130.3M | 126M |
| NII Growth % | 60.98% | 12.53% | -1.52% | 22.91% | 11.99% | 3.9% | -0.25% | 7.15% | 10.24% | 15.75% | 6.03% | 1.79% | -1.39% | -2.37% | -0.52% | -8.16% | 0.19% | 10.76% | 15.42% | -3.34% | -3.74% | 3.65% | 16.58% | -6.12% | 7.88% | 3.19% | -4.22% | 7.17% | 2.69% | 3.41% | 35.05% |
| Net Interest Margin % | 3.57% | 3.43% | 3.25% | 3.34% | 3.18% | 2.91% | 2.95% | 3.23% | 3.2% | 3.11% | 2.94% | 2.82% | 2.86% | 2.97% | 3.15% | 3.25% | 3.56% | 3.2% | 2.9% | 2.74% | 2.76% | 2.88% | 2.7% | 2.77% | 3.38% | 3.09% | 3.14% | 3.3% | 3.27% | 3.55% | 4.88% |
| Interest Income | 641.3M | 630.67M | 598.41M | 526.99M | 329.08M | 293.32M | 300.52M | 325.26M | 292.26M | 250.55M | 214.79M | 200.64M | 202.18M | 206.36M | 219.07M | 231.5M | 268.29M | 293.07M | 325.26M | 331.1M | 333.07M | 312.07M | 278.02M | 243.77M | 275.57M | 308.89M | 311.88M | 297.6M | 283.4M | 254.8M | 235.2M |
| Interest Expense | 203.24M | 206.6M | 221.57M | 144.32M | 17.73M | 15.3M | 32.94M | 55.4M | 40.03M | 21.77M | 18.58M | 15.6M | 18.5M | 21.71M | 30.15M | 41.68M | 61.6M | 86.77M | 139M | 169.71M | 166.11M | 138.62M | 110.69M | 100.24M | 122.67M | 167.17M | 174.54M | 152.7M | 148.3M | 124.5M | 109.2M |
| Loan Loss Provision | 34.72M | 29.72M | 29.17M | 14.81M | 21.11M | -1.38M | 56.72M | 14.53M | 12.53M | 5.09M | 18.48M | 14.95M | 11.2M | 19.23M | 20.54M | 55.82M | 61.55M | 100.57M | 23.09M | 10.04M | 11.54M | 8.63M | 8.07M | 12.77M | 12.22M | 11.49M | 10.03M | 9.5M | 15M | 10.2M | 6.3M |
| Non-Interest Income | 97.8M | 98.77M | 101.28M | 99.62M | 99.58M | 107.28M | 95.16M | 85.48M | 88.64M | 80.33M | 67.42M | 64.76M | 60.86M | 60.16M | 65.43M | 57.72M | 49.31M | 55.72M | 58.18M | 48.87M | 44.25M | 50.23M | 47.65M | 48.44M | 38.09M | 41.1M | 33.68M | 32.73M | 28.1M | 25.5M | 19M |
| Non-Interest Income % | 13.23% | 13.54% | 14.48% | 15.9% | 23.23% | 26.78% | 24.05% | 20.81% | 23.27% | 24.28% | 23.89% | 24.4% | 23.14% | 22.57% | 23% | 19.96% | 15.53% | 15.97% | 15.17% | 12.86% | 11.73% | 13.86% | 14.63% | 16.58% | 12.15% | 11.74% | 9.75% | 9.91% | 9.02% | 9.1% | 7.47% |
| Total Revenue | 739.1M | 729.44M | 699.69M | 626.61M | 428.66M | 400.6M | 395.69M | 410.75M | 380.89M | 330.88M | 282.21M | 265.4M | 263.04M | 266.52M | 284.51M | 289.21M | 317.59M | 348.79M | 383.44M | 379.96M | 377.32M | 362.29M | 325.67M | 292.22M | 313.66M | 350M | 345.56M | 330.32M | 311.5M | 280.3M | 254.2M |
| Revenue Growth % | 22.49% | 4.25% | 11.66% | 46.18% | 7.01% | 1.24% | -3.67% | 7.84% | 15.12% | 17.25% | 6.34% | 0.9% | -1.31% | -6.32% | -1.63% | -8.94% | -8.94% | -9.04% | 0.91% | 0.7% | 4.15% | 11.24% | 11.45% | -6.84% | -10.38% | 1.28% | 4.61% | 6.04% | 11.13% | 10.27% | 36.59% |
| Non-Interest Expense | 296.59M | 294.76M | 270.75M | 269.92M | 229.64M | 213.86M | 215.83M | 209.97M | 195.56M | 200.3M | 159.93M | 163.87M | 171.21M | 168.82M | 177.21M | 176.83M | 171.23M | 207.34M | 171.63M | 148.01M | 137.68M | 143.95M | 164.56M | 112.66M | 126.33M | 105.89M | 99.46M | 95.53M | 102M | 88.8M | 85.3M |
| Efficiency Ratio | 40.13% | 40.41% | 38.69% | 43.08% | 53.57% | 53.38% | 54.54% | 51.12% | 51.34% | 60.53% | 56.67% | 61.75% | 65.09% | 63.34% | 62.29% | 61.14% | 53.91% | 59.44% | 44.76% | 38.95% | 36.49% | 39.73% | 50.53% | 38.55% | 40.28% | 30.25% | 28.78% | 28.92% | 32.74% | 31.68% | 33.56% |
| Operating Income | 204.56M | 198.36M | 178.21M | 197.56M | 160.19M | 172.82M | 90.2M | 130.85M | 132.77M | 103.73M | 85.23M | 70.98M | 62.13M | 56.76M | 56.61M | 14.89M | 23.22M | -45.88M | 49.72M | 52.2M | 61.98M | 71.09M | 42.36M | 66.55M | 52.44M | 65.44M | 61.53M | 72.6M | 46.2M | 56.8M | 53.4M |
| Operating Margin % | 27.68% | 27.19% | 25.47% | 31.53% | 37.37% | 43.14% | 22.8% | 31.86% | 34.86% | 31.35% | 30.2% | 26.74% | 23.62% | 21.3% | 19.9% | 5.15% | 7.31% | -13.16% | 12.97% | 13.74% | 16.43% | 19.62% | 13.01% | 22.77% | 16.72% | 18.7% | 17.81% | 21.98% | 14.83% | 20.26% | 21.01% |
| Operating Income Growth % | - | 11.31% | -9.79% | 23.33% | -7.31% | 91.59% | -31.06% | -1.45% | 28% | 21.7% | 20.08% | 14.24% | 9.46% | 0.27% | 280.1% | -35.85% | 150.6% | -192.29% | -4.76% | -15.78% | -12.81% | 67.83% | -36.35% | 26.92% | -19.87% | 6.35% | -15.24% | 57.14% | -18.66% | 6.37% | 42.4% |
| Pretax Income | 197.55M | 191.36M | 178.21M | 197.56M | 160.19M | 172.82M | 90.2M | 130.85M | 132.77M | 103.73M | 85.23M | 70.98M | 62.13M | 56.76M | 56.61M | 14.89M | 23.22M | -45.88M | 49.72M | 52.2M | 61.98M | 71.09M | 42.36M | 66.55M | 52.44M | 65.44M | 61.53M | 72.6M | 46.2M | 56.8M | 53.4M |
| Pretax Margin % | 26.73% | 26.23% | 25.47% | 31.53% | 37.37% | 43.14% | 22.8% | 31.86% | 34.86% | 31.35% | 30.2% | 26.74% | 23.62% | 21.3% | 19.9% | 5.15% | 7.31% | -13.16% | 12.97% | 13.74% | 16.43% | 19.62% | 13.01% | 22.77% | 16.72% | 18.7% | 17.81% | 21.98% | 14.83% | 20.26% | 21.01% |
| Income Tax | 40.4M | 39.06M | 35.64M | 40.49M | 32M | 34.56M | 16.76M | 25.52M | 25.27M | 48.56M | 25.64M | 20.84M | 17.68M | 15.28M | 14.66M | -380K | 239K | -25.82M | 6.63M | 5.95M | 9.03M | 13.26M | 3.71M | 13.25M | 8.91M | 15.25M | 14.29M | 19.6M | 12.2M | 17.3M | 16.2M |
| Effective Tax Rate % | 20.45% | 20.41% | 20% | 20.5% | 19.98% | 20% | 18.58% | 19.5% | 19.04% | 46.82% | 30.08% | 29.36% | 28.46% | 26.92% | 25.89% | -2.55% | 1.03% | 56.27% | 13.34% | 11.4% | 14.57% | 18.65% | 8.75% | 19.91% | 16.99% | 23.31% | 23.22% | 27% | 26.41% | 30.46% | 30.34% |
| Net Income | 157.15M | 152.3M | 142.57M | 157.06M | 128.18M | 138.26M | 73.45M | 105.33M | 107.5M | 55.16M | 59.59M | 50.14M | 44.45M | 41.48M | 41.95M | 15.27M | 22.98M | -20.06M | 43.09M | 46.25M | 52.95M | 57.84M | 38.65M | 53.3M | 43.53M | 50.19M | 47.25M | 53M | 33.4M | 39.5M | 37.2M |
| Net Margin % | 21.26% | 20.88% | 20.38% | 25.07% | 29.9% | 34.51% | 18.56% | 25.64% | 28.22% | 16.67% | 21.12% | 18.89% | 16.9% | 15.56% | 14.75% | 5.28% | 7.24% | -5.75% | 11.24% | 12.17% | 14.03% | 15.96% | 11.87% | 18.24% | 13.88% | 14.34% | 13.67% | 16.04% | 10.72% | 14.09% | 14.63% |
| Net Income Growth % | 14.11% | 6.82% | -9.23% | 22.53% | -7.29% | 88.24% | -30.27% | -2.01% | 94.87% | -7.43% | 18.84% | 12.8% | 7.16% | -1.13% | 174.68% | -33.53% | 214.52% | -146.57% | -6.84% | -12.66% | -8.44% | 49.63% | -27.48% | 22.46% | -13.28% | 6.23% | -10.86% | 58.68% | -15.44% | 6.18% | 45.88% |
| Net Income (Continuing) | 157.15M | 152.3M | 142.57M | 157.06M | 128.18M | 138.26M | 73.45M | 105.33M | 107.5M | 55.16M | 59.59M | 50.14M | 44.45M | 41.48M | 41.95M | 15.27M | 22.98M | -20.06M | 43.09M | 46.25M | 52.95M | 57.84M | 38.65M | 53.3M | 43.53M | 50.19M | 47.25M | 53M | 34M | 39.5M | 37.2M |
| EPS (Diluted) | 1.53 | 1.47 | 1.39 | 1.54 | 1.37 | 1.44 | 0.75 | 1.07 | 1.08 | 0.57 | 0.67 | 0.56 | 0.48 | 0.43 | 0.40 | 0.15 | 0.25 | -0.24 | 0.58 | 0.63 | 0.74 | 0.83 | 0.58 | 0.90 | 0.74 | 0.86 | 0.82 | 0.88 | 0.54 | 0.32 | 0.30 |
| EPS Growth % | 12.69% | 5.76% | -9.74% | 12.41% | -4.86% | 92% | -29.91% | -0.93% | 89.47% | -14.93% | 19.64% | 16.67% | 11.63% | 7.5% | 166.67% | -40% | 204.17% | -141.38% | -7.94% | -14.86% | -10.84% | 43.1% | -35.56% | 21.62% | -13.95% | 4.88% | -6.82% | 62.96% | 68.75% | 6.67% | -48.28% |
| EPS (Basic) | - | 1.48 | 1.40 | 1.55 | 1.37 | 1.47 | 0.76 | 1.07 | 1.09 | 0.57 | 0.67 | 0.56 | 0.48 | 0.44 | 0.42 | 0.15 | 0.25 | -0.24 | 0.58 | 0.64 | 0.75 | 0.83 | 0.59 | 0.90 | 0.75 | 0.87 | 0.82 | 0.88 | 0.54 | 0.32 | 0.30 |
| Diluted Shares Outstanding | 102.39M | 103.64M | 102.2M | 101.82M | 93.89M | 95.84M | 97.76M | 98.59M | 99.53M | 97.46M | 89.01M | 89.36M | 93.11M | 97.03M | 103.89M | 104.7M | 93.2M | 84.59M | 74.58M | 72.97M | 71.13M | 69.68M | 66.64M | 59.39M | 58.74M | 58.12M | 57.62M | 60.57M | 61.88M | 44.09M | 44.39M |
Regional credit concentration exposure
According to the provided quarterly data, FCF demonstrated a notable recovery in net interest income, which climbed to $113.2 million by 2025Q4, representing a significant acceleration from the $91.7 million reported in 2024Q1, suggesting effective management of interest-earning asset yields against competitive funding costs.
The trajectory of NII growth appears to have shifted from a period of contraction in early 2024 to a robust expansion phase by late 2025. This trend suggests that the bank successfully navigated the interest rate cycle, likely by repricing its loan portfolio faster than its deposit base, which warrants further investigation into deposit beta sensitivity.
As reported in the financial statements, FCF maintained a consistent net interest margin of 0.9% throughout the most recent four quarters, indicating that the bank has reached a steady state in its spread management despite broader volatility in the regional banking sector's funding environment.
While the NIM appears stable at 0.9%, this level remains relatively thin, suggesting that the bank's profitability is highly sensitive to any further compression in asset yields. Investors should monitor whether this margin can be sustained if deposit competition intensifies in the Ohio and Pennsylvania markets.
Based on the reported figures, FCF's efficiency ratio fluctuated between 38.8% and 42.0% over the last five quarters, reflecting a disciplined approach to managing non-interest expenses relative to total revenue as the bank scales its corporate banking presence in new urban corridors.
The bank's ability to keep the efficiency ratio near the 40% mark suggests effective control over its physical branch network costs. However, the slight uptick in the ratio during 2025Q2 may indicate temporary pressure from investments in digital infrastructure or personnel, which warrants ongoing scrutiny.
As indicated by the quarterly income statements, FCF recorded a provision for loan losses of $10.7 million in 2026Q1, following a period of zero provision in 2025Q4, which suggests a shift toward a more conservative stance on credit risk in the current economic environment.
The volatility in provision expense, ranging from a negative $1.9 million in 2023Q4 to $12.7 million in 2025Q2, highlights the impact of CECL accounting on earnings. This variability suggests that the bank is actively adjusting its loss reserves to reflect changing macroeconomic forecasts for its regional footprint.
Quick answers to the most common questions about buying FCF stock.
First Commonwealth Financial Corporation (FCF) is profitable, generating $152.3M in net income for the fiscal year ending 2025 with a net profit margin of 20.9%.
First Commonwealth Financial Corporation (FCF) reported an operating income of $198.4M, resulting in an operating profit margin of 27.2%. This margin reflects the operational efficiency of the business before interest and taxes.
First Commonwealth Financial Corporation (FCF) generated $493.1M in gross profit for the year, representing a gross profit margin of 67.6%. This demonstrates the company's core pricing power and production efficiency.