First Commonwealth Financial

FCF · NYSE · Financials · Financials, fiscal 2016 to 2025

FCF · Last close · November 6, 2026

$20.91

Value First Commonwealth Financial yourself

First Commonwealth Financial's revenue rose 9.4% to $523 million in fiscal 2025. Net income was $152 million, up 6.8%. Its return on equity was 10.3%, down from 10.5% a year earlier. Its efficiency ratio was 56.4%, down from 56.6% a year earlier. It paid out $91 million in dividends and buybacks. The diluted share count rose 1.3%.

FIRST COMMONWEALTH FINANCIAL CORP /PA/ Latest fiscal year ended December 31, 2025 10-K filed March 2, 2026 · 0000712537-26-000013 Updated November 7, 2026

Revenue

$523M

9.4%

Net income

$152M

6.8%

Return on equity

10.3%

0.2 pts

Return on tangible equity

14.0%

0.6 pts

Efficiency ratio

56.4%

0.2 pts

Market cap

$2.1B

Nov 6 close

P/E

12.4x

On $1.69 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What First Commonwealth Financial does

First Commonwealth Financial is a bank holding company in Indiana, Pennsylvania. Its main subsidiary is First Commonwealth Bank, a Pennsylvania bank and trust company that provides commercial and consumer banking. It also offers trust and wealth management services and offers insurance products through an insurance subsidiary.

At December 31, 2025, the bank had 126 community banking offices in 30 counties across western and central Pennsylvania and Ohio. It also has commercial lending offices in Canfield, Canton, Hudson, Independence and Lewis Center, Ohio, and in Pittsburgh and Berwyn, Pennsylvania. It runs a network of 132 ATMs and belongs to ATM networks that let customers withdraw cash without surcharges.

Like other banks, it takes deposits and makes loans, and it earns money on the difference between what it charges on loans and pays on deposits, along with fees for its services. First Commonwealth has grown over the years by buying smaller banks and thrifts, mostly in its home area, and more recently in Ohio.

Its biggest risks, as it describes them

An allowance for credit losses that may turn out too small.
Exposure to the commercial real estate market.
Unrealized losses in its securities portfolio that could affect liquidity.
Reliance on dividends from its subsidiary bank for most of its revenue.
Competition from other financial institutions for loans and deposits.

From First Commonwealth Financial's annual report on Form 10-K, filed March 2, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 9.1% a year and net income 11.0% a year, as new shares raised the share count by 16% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	6,747	7,539	8,851	—	—
Deposits	7,982	8,006	9,192	9,678	10,251
Loans to deposits	84.5%	94.2%	96.3%	—	—
Provision for credit losses	−1	21	15	29	37
Provision to average loans	−0.0%	0.3%	0.2%	—	—
Total assets	9,545	9,806	11,460	11,585	12,343
Shareholders' equity	1,109	1,052	1,314	1,405	1,554

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project First Commonwealth Financial's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open First Commonwealth Financial's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, 2 insiders bought $86,837 of First Commonwealth Financial shares on the open market, and 5 insiders sold $3.4 million, $462,108 of it under trading plans set up in advance.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Nov 5, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,250	$21.91	$49,298	Form 4
Sep 4, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,072	$21.25	$44,037	Form 4
Aug 10, 2026	Lee E Lyon IIEVP / Chief Audit Executive	Sold	25,000	$21.46	$536,625	Form 4
Aug 6, 2026	Jane GrebencDirector	Sold	15,000	$21.70	$325,457	Form 4
Aug 5, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,072	$21.85	$45,272	Form 4
Jul 6, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,072	$20.51	$42,489	Form 4
Jun 5, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,072	$18.93	$39,227	Form 4
Jun 4, 2026	Michael P McCuenEVP/Chief Banking Officer	Sold	5,250	$19.12	$100,380	Form 4
Jun 3, 2026	Michael P McCuenEVP/Chief Banking Officer	Sold	5,250	$18.58	$97,545	Form 4
May 18, 2026	Lee E Lyon IIEVP / Chief Audit Executive	Sold	35,000	$18.40	$644,037	Form 4
May 5, 2026	James R ReskeEVP/Chief Financial Officer	Sold plan	2,072	$18.52	$38,368	Form 4
May 4, 2026	Todd D BriceDirector	Bought	1,000	$18.58	$18,580	Form 4

The latest 12 of 24 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put First Commonwealth Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
First Commonwealth Financial	FY25	9.4%	29.1%	10.3%	14.0%	56.4%
CVB Financial	FY25	2.7%	40.6%	9.3%	14.1%	46.0%	Compare
Hope Bancorp	FY25	5.0%	12.3%	2.8%	3.6%	78.1%	Compare
Beacon Financial	FY25	38.2%	16.3%	4.9%	6.2%	70.5%	Compare
FB Financial	FY25	22.9%	21.9%	7.0%	8.4%	67.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	264	309	341	355	363	385	411	482	478	523
Revenue growth	5.5%	17.2%	10.3%	4.2%	2.1%	6.2%	6.7%	17.4%	−0.9%	9.4%
Net interest income	199	229	252	270	268	278	312	386	379	426
Noninterest income	65	80	89	86	94	107	99	97	99	97
Noninterest expense	160	200	196	210	216	214	230	270	271	295
Provision for credit losses	—	—	12	14	57	−1	21	15	29	37
Net income	60	55	108	105	73	138	128	157	143	152
Diluted EPS (US$)	0.67	0.58	1.08	1.07	0.75	1.44	1.37	1.54	1.39	1.47
Diluted shares (millions)	89	95	99	99	98	96	94	102	102	104
Payouts
Dividends paid	25	30	35	39	43	44	45	51	53	56
Share buybacks	1	2	26	6	21	31	16	15	13	36
Balance sheet at fiscal year end
Loans, net	4,829	5,359	5,726	6,138	6,660	6,747	7,539	8,851	—	—
Deposits	4,947	5,581	5,898	6,678	7,439	7,982	8,006	9,192	9,678	10,251
Total assets	6,684	7,308	7,828	8,309	9,068	9,545	9,806	11,460	11,585	12,343
Shareholders' equity	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405	1,554
Ratios
Return on equity	8.1%	6.7%	11.5%	10.4%	6.9%	12.7%	11.9%	13.3%	10.5%	10.3%
Return on tangible common equity	10.8%	9.4%	16.5%	14.8%	9.9%	17.9%	16.7%	18.8%	14.6%	14.0%
Return on assets	0.9%	0.8%	1.4%	1.3%	0.8%	1.5%	1.3%	1.5%	1.2%	1.3%
Efficiency ratio	60.7%	64.8%	57.4%	59.1%	59.5%	55.5%	55.9%	56.0%	56.6%	56.4%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: First Commonwealth Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with First Commonwealth Financial.