First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking products and services in the United States. The company's consumer services include internet, mobile, and telephone banking; an automated teller machine network; 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, and IRA accounts. The company also provides commercial banking services comprising commercial lending and leasing, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. In addition, the company offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance products; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. Further, it provides commercial real estate, residential real estate, real estate construction loans, and loans to individuals, as well as commercial, financial, agricultural, and other loans. The company was founded in 1934 and is headquartered in Indiana, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $523M | - | $152M | $171M | 9.8% | 9.4% | 6.8% |
| 2024 | $478M | - | $143M | $114M | 10.1% | -0.9% | -9.2% |
| 2023 | $482M | - | $157M | $129M | 12.0% | 17.4% | 22.5% |
| 2022 | $411M | - | $128M | $140M | 12.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 410.93 | 482.28 | 478.12 | 522.91 |
| Pretax Income | - | 160.18 | 197.56 | 178.21 | 191.36 |
| Tax Provision | - | 32 | 40.49 | 35.64 | 39.06 |
| Net Income | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income Common Stockholders | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Interest Expense | - | 17.73 | 144.32 | 221.57 | 206.60 |
| Interest Income | - | 329.08 | 526.99 | 598.41 | 629.99 |
| Selling General And Administration | - | 133.93 | 154.84 | 160.79 | 176.54 |
| Normalized Income | - | 132.09 | 168.10 | 147.21 | 158.64 |
| Market Cap | 1,903.08 | 1,903.08 | 1,903.08 | 1,903.08 | 1,903.08 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Commonwealth Financial Corporationthis co. | FCF | $1.9B | 12.50β discount | 1.22 | 9.8% | - |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX | $2.0B | 8.77 | 1.19 | 13.5% | - |
| Patria Investments Limited | PAX | $2.0B | 18.34 | 3.19 | 14.6% | 12.28 |
| Perella Weinberg Partners | PWP | $2.0B | 45.57 | -11.23 | 13.6% | - |
| 2021 | - | - | - | - | - | - | - |
| CLBK |
| $2.0B |
| 34.62 |
| 1.69 |
| 4.5% |
| - |
| Encore Capital Group, Inc. | ECPG | $1.9B | 6.98 | 1.84 | 26.3% | 8.73 |
| Stellar Bancorp, Inc. | STEL | $1.9B | 18.45 | 1.14 | 6.2% | - |
| LendingClub Corporation | LC | $1.9B | 11.03 | 1.27 | 9.0% | 3.75 |
| Federal Agricultural Mortgage Corporation | AGM | $1.9B | 10.38 | 1.55 | 12.1% | - |
| Peer Median | - | 14.69 | 1.41 | 12.8% | 8.73 | |