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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 |
| Operating Revenue | - | 410.93 | 482.28 | 478.12 | 522.91 |
| Selling General And Administration | - | 133.93 | 154.84 | 160.79 | 176.54 |
| Interest Income | - | 329.08 | 526.99 | 598.41 | 629.99 |
| Interest Expense | - | 17.73 | 144.32 | 221.57 | 206.60 |
| Net Interest Income | - | 311.34 | 382.67 | 376.84 | 423.39 |
| Pretax Income | - | 160.18 | 197.56 | 178.21 | 191.36 |
| Tax Provision | - | 32 | 40.49 | 35.64 | 39.06 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.97 | -2.84 | -1.16 | -1.62 |
| Net Income Continuous Operations | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income From Continuing And Discontinued Operation | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income Common Stockholders | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Net Income Including Noncontrolling Interests | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Normalized Income | - | 132.09 | 168.10 | 147.21 | 158.64 |
| Diluted NI Availto Com Stockholders | - | 128.18 | 157.06 | 142.57 | 152.30 |
| Basic Average Shares | - | 93.38 | 102.11 | 101.76 | 102.84 |
| Diluted Average Shares | - | 93.49 | 102.11 | 102.21 | 103.52 |
| Reconciled Depreciation | - | 10.55 | 4.10 | 5.69 | 6.63 |
| Total Unusual Items | - | -4.88 | -13.88 | -5.80 | -7.96 |
| Total Unusual Items Excluding Goodwill | - | -4.88 | -13.88 | -5.80 | -7.96 |
| Special Income Charges | - | -4.88 | -13.88 | -5.80 | -7.96 |
| Other Special Charges | - | 3.18 | 4.84 | 5.04 | 3.58 |
| Restructuring And Mergern Acquisition | - | 1.70 | 9.03 | 0.39 | 4.38 |
| Gain On Sale Of Security | - | 0.37 | -0.09 | 0.17 | 0.67 |
| Depreciation Amortization Depletion Income Statement | - | 3.20 | 4.98 | 5.02 | 5.50 |
| Depreciation And Amortization In Income Statement | - | 3.20 | 4.98 | 5.02 | 5.50 |
| General And Administrative Expense | - | 128.90 | 149.13 | 155.26 | 170.10 |
| Other Gand A | 12.37 | - | - | - | - |
| Salaries And Wages | - | 126.03 | 142.87 | 149.29 | 163.98 |
| Insurance And Claims | - | 2.87 | 6.26 | 5.97 | 6.12 |
| Selling And Marketing Expense | - | 5.03 | 5.71 | 5.54 | 6.45 |
| Amortization | - | 3.20 | 4.98 | 5.02 | 5.50 |
| Amortization Of Intangibles Income Statement | - | 3.20 | 4.98 | 5.02 | 5.50 |
| Occupancy And Equipment | - | 33.62 | 36.53 | 37.24 | 38.88 |
| Professional Expense And Contract Services Expense | - | 4.89 | 5.92 | 5.53 | 6.89 |
| Other Non Interest Expense | - | 49.12 | 53.76 | 56.35 | 59.06 |
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 | 12.65↑ premium | 1.24 | 9.8% | - |
| EZCORP, Inc. | EZPW | $2.0B | 18.05 | 1.93 | 10.7% | 11.23 |
| Federal Agricultural Mortgage Corporation | AGM | $2.0B | 9.53 | 1.63 | 17.1% | - |
| OFG Bancorp | OFG | $1.9B | 9.47 | 1.40 | 14.8% | - |
| Stellar Bancorp, Inc. |
| 2021 | - | - | - | - | - | - | - |
| STEL |
| $1.9B |
| 18.53 |
| 1.14 |
| 6.2% |
| - |
| The Baldwin Insurance Group, Inc. | BWIN | $1.9B | -55.47 | 3.13 | -5.6% | 16.99 |
| National Bank Holdings Corporation | NBHC | $1.9B | 17.05 | 1.35 | 7.9% | - |
| Horace Mann Educators Corporation | HMN | $1.8B | 11.35 | 1.24 | 10.9% | - |
| Slide Insurance Holdings, Inc. | SLDE | $1.8B | 4.14 | 1.65 | 39.9% | - |
| Peer Median | - | 10.44 | 1.51 | 10.8% | 14.11 | |