First Commonwealth Financial (FCF) Financials

$17.74 -0.07 (-0.40%)

Closing price 03:59 PM Eastern

Extended Trading

$17.74 +0.01 (+0.03%)

As of 06:08 PM Eastern

Annual Income Statements for First Commonwealth Financial

This table shows First Commonwealth Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	44	50	60	55	107	105	73	138	128	157	143
Consolidated Net Income / (Loss)	44	50	60	55	107	105	73	138	128	157	143
Net Income / (Loss) Continuing Operations	44	50	60	55	107	105	73	138	128	157	143
Total Pre-Tax Income	62	71	85	104	133	131	90	173	160	198	178
Total Revenue	245	250	264	309	341	355	363	385	411	482	478
Net Interest Income / (Expense)	184	188	199	229	252	270	268	279	312	386	379
Total Interest Income	202	204	218	251	292	325	301	294	330	530	600
Loans and Leases Interest Income	171	173	185	219	257	292	275	268	302	491	541
Investment Securities Interest Income	31	31	32	32	35	33	26	26	26	30	50
Deposits and Money Market Investments Interest Income	0.01	0.01	0.03	0.12	0.17	0.40	0.22	0.40	1.72	9.49	9.07
Total Interest Expense	19	16	19	22	40	55	33	15	18	144	222
Deposits Interest Expense	12	7.47	7.52	9.42	22	37	22	5.75	6.71	112	191
Short-Term Borrowings Interest Expense	2.45	5.02	8.08	8.80	11	8.30	0.70	0.10	2.00	22	20
Long-Term Debt Interest Expense	3.60	3.10	2.98	3.32	7.29	10	10.00	9.20	8.79	9.96	9.92
Other Interest Expense	-	-	-	-	-	-	-	-	0.23	0.21	0.18
Total Non-Interest Income	61	61	65	80	89	85	94	107	99	97	99
Trust Fees by Commissions	6.00	5.83	5.37	7.10	7.90	8.32	9.10	11	11	11	12
Service Charges on Deposit Accounts	-	-	-	-	18	19	16	18	20	21	23
Other Service Charges	30	32	33	37	16	18	17	19	24	21	22
Net Realized & Unrealized Capital Gains on Investments	5.20	3.85	6.33	12	20	12	21	24	12	11	15
Other Non-Interest Income	20	20	20	24	27	28	31	34	33	34	28
Provision for Credit Losses	11	15	18	5.09	13	15	57	-1.38	21	15	29
Total Non-Interest Expense	171	164	160	200	196	210	216	214	230	270	271
Salaries and Employee Benefits	87	89	87	104	105	112	119	120	126	143	149
Net Occupancy & Equipment Expense	37	31	32	38	42	45	44	45	48	52	53
Marketing Expense	2.95	2.64	2.60	3.79	3.96	4.25	4.68	4.98	5.03	5.71	5.54
Property & Liability Insurance Claims	4.05	4.01	3.90	3.21	2.01	1.22	2.70	2.53	2.87	6.26	5.97
Other Operating Expenses	38	33	29	36	37	39	42	38	43	49	51
Amortization Expense	0.63	0.61	0.55	3.08	3.22	3.34	3.69	3.50	3.20	4.98	5.39
Impairment Charge	1.60	3.11	1.16	1.83	1.08	1.72	0.68	0.30	0.34	0.20	0.45
Restructuring Charge	0.00	0.92	3.17	10	1.64	3.54	0.00	0.00	1.70	9.03	0.39
Income Tax Expense	18	21	26	49	25	26	17	35	32	40	36
Basic Earnings per Share	$0.48	$0.56	$0.67	$0.58	$1.09	$1.07	$0.75	$1.45	$1.37	$1.55	$1.40
Weighted Average Basic Shares Outstanding	93.11M	89.36M	88.85M	95.22M	99.04M	98.32M	97.50M	95.58M	93.61M	101.56M	101.91M
Diluted Earnings per Share	$0.48	$0.56	$0.67	$0.58	$1.08	$1.07	$0.75	$1.44	$1.37	$1.54	$1.39
Weighted Average Diluted Shares Outstanding	93.11M	89.36M	88.85M	95.33M	99.22M	98.59M	97.76M	95.84M	93.89M	101.82M	102.21M
Weighted Average Basic & Diluted Shares Outstanding	92.60M	89.50M	88.90M	95.10M	98.60M	98.40M	192.32M	188.60M	206.14M	204.49M	101.85M
Cash Dividends to Common per Share	$0.28	$0.28	$0.28	$0.32	$0.35	$0.40	$0.44	$0.46	$0.48	$0.50	$0.52

This table shows First Commonwealth Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	34	36	30	43	39	45	38	37	32	36
Consolidated Net Income / (Loss)	34	36	30	43	39	45	38	37	32	36
Net Income / (Loss) Continuing Operations	34	36	30	43	39	45	38	37	32	36
Total Pre-Tax Income	42	45	38	54	49	57	46	47	41	45
Total Revenue	108	112	117	122	123	120	116	120	121	120
Net Interest Income / (Expense)	82	88	94	98	98	96	92	95	97	95
Total Interest Income	86	96	115	131	140	144	145	151	154	150
Loans and Leases Interest Income	79	90	108	121	129	133	133	136	138	135
Investment Securities Interest Income	6.40	6.33	6.41	6.53	7.17	9.69	11	12	13	14
Deposits and Money Market Investments Interest Income	0.58	0.38	0.51	4.04	3.35	1.59	1.57	2.89	3.84	0.77
Total Interest Expense	3.34	8.25	20	33	42	49	53	56	58	55
Deposits Interest Expense	1.03	4.08	16	26	33	38	44	47	50	51
Short-Term Borrowings Interest Expense	0.05	1.91	2.40	5.19	6.64	7.51	6.77	6.34	6.28	1.06
Long-Term Debt Interest Expense	2.21	2.16	2.26	2.30	2.75	2.66	2.63	2.30	1.82	3.17
Total Non-Interest Income	26	24	23	25	25	24	24	25	25	25
Trust Fees by Commissions	2.78	2.46	2.49	2.53	2.95	2.55	2.73	2.82	3.24	3.03
Other Service Charges	14	-12	12	12	13	-16	11	18	9.57	-17
Net Realized & Unrealized Capital Gains on Investments	2.58	2.45	2.65	3.23	2.23	2.50	3.39	3.10	3.77	4.82
Other Non-Interest Income	1.42	22	1.23	1.20	1.24	30	1.29	1.37	2.28	23
Provision for Credit Losses	5.92	9.12	8.00	2.79	5.89	-1.87	4.24	7.83	11	6.49
Total Non-Interest Expense	60	58	71	66	67	65	66	66	70	69
Salaries and Employee Benefits	32	32	34	37	36	36	35	37	39	38
Net Occupancy & Equipment Expense	12	12	13	13	13	13	14	13	13	13
Marketing Expense	1.28	1.09	1.66	1.33	1.66	1.06	1.32	0.90	1.96	1.36
Property & Liability Insurance Claims	0.80	0.68	1.42	1.28	1.92	1.65	1.61	1.29	1.64	1.44
Other Operating Expenses	12	12	12	13	13	12	12	12	13	14
Amortization Expense	0.75	-0.19	1.15	1.28	1.34	1.21	1.26	1.54	1.22	1.37
Impairment Charge	0.05	0.13	0.04	0.01	0.05	0.11	0.14	0.08	0.13	0.10
Restructuring Charge	0.45	1.25	8.54	-0.06	0.38	0.17	0.11	0.00	0.00	0.28
Income Tax Expense	8.48	9.15	7.71	11	10	12	8.93	9.49	8.44	8.77
Basic Earnings per Share	$0.36	$0.39	$0.30	$0.42	$0.38	$0.45	$0.37	$0.36	$0.31	$0.36
Weighted Average Basic Shares Outstanding	93.19M	93.61M	99.56M	102.53M	102.16M	101.56M	101.98M	102.05M	102.07M	101.91M
Diluted Earnings per Share	$0.36	$0.39	$0.30	$0.42	$0.38	$0.44	$0.37	$0.36	$0.31	$0.35
Weighted Average Diluted Shares Outstanding	93.45M	93.89M	99.78M	102.76M	102.44M	101.82M	102.20M	102.29M	102.42M	102.21M
Weighted Average Basic & Diluted Shares Outstanding	93.38M	206.14M	102.89M	102.41M	102.11M	204.49M	102.30M	102.36M	101.78M	101.85M
Cash Dividends to Common per Share	$0.12	$0.12	$0.12	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13

This table details how cash moves in and out of First Commonwealth Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-2.90	-5.09	46	-8.39	-8.35	23	235	39	-241	-7.25	-14
Net Cash From Operating Activities	82	73	89	88	135	108	106	165	151	151	129
Net Cash From Continuing Operating Activities	82	73	89	88	135	108	106	165	151	151	129
Net Income / (Loss) Continuing Operations	44	50	60	55	107	105	73	138	128	157	143
Consolidated Net Income / (Loss)	44	50	60	55	107	105	73	138	128	157	143
Provision For Loan Losses	11	15	18	5.09	13	15	57	-1.38	21	15	29
Depreciation Expense	14	7.64	7.12	9.00	8.05	10	12	11	11	4.10	5.69
Amortization Expense	2.20	2.79	4.52	3.53	3.08	3.89	6.18	4.77	2.03	1.33	0.74
Non-Cash Adjustments to Reconcile Net Income	0.32	5.65	-2.11	4.10	-3.49	-14	-35	1.69	-16	-20	-48
Changes in Operating Assets and Liabilities, net	10	-8.43	1.67	11	7.59	-13	-7.15	10	5.18	-6.78	-0.31
Net Cash From Investing Activities	-164	-142	494	-53	-348	123	-483	-565	-589	-574	-122
Net Cash From Continuing Investing Activities	-164	-142	494	-53	-348	123	-483	-565	-589	-574	-122
Purchase of Property, Leasehold Improvements and Equipment	-11	-4.89	-7.49	-12	-9.60	-17	-7.62	-11	-11	-22	-16
Purchase of Investment Securities	-579	-666	-347	-464	-642	-534	-1,142	-1,205	-892	-980	-675
Sale and/or Maturity of Investments	426	528	848	423	304	674	666	650	315	427	569
Net Cash From Financing Activities	79	65	-537	-44	204	-208	612	439	196	416	-21
Net Cash From Continuing Financing Activities	79	65	-537	-44	204	-208	612	439	196	416	-21
Net Change in Deposits	-288	-210	132	149	177	309	761	544	23	431	486
Issuance of Debt	491	410	0.00	0.00	101	50	-84	21	0.00	0.00	127
Issuance of Common Equity	0.19	0.19	0.22	0.23	0.21	0.21	0.22	0.22	0.25	0.25	0.20
Repayment of Debt	-60	-80	-639	-161	-24	-510	-1.09	-51	233	51	-569
Repurchase of Common Equity	-31	-25	-0.86	-1.46	-26	-6.26	-21	-31	-16	-15	-13
Payment of Dividends	-26	-25	-25	-31	-35	-39	-43	-44	-45	-51	-53

This table details how cash moves in and out of First Commonwealth Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-119	-27	242	53	-112	-190	163	-122	394	-449
Net Cash From Operating Activities	48	43	39	48	20	44	40	23	54	14
Net Cash From Continuing Operating Activities	48	43	39	48	20	44	40	22	54	14
Net Income / (Loss) Continuing Operations	34	36	30	43	39	45	38	37	32	36
Consolidated Net Income / (Loss)	34	36	30	43	39	45	38	37	32	36
Provision For Loan Losses	5.92	9.12	8.00	2.79	5.89	-1.87	4.24	7.83	11	6.49
Depreciation Expense	2.63	2.76	1.85	0.05	0.94	1.27	1.50	0.73	1.40	2.06
Amortization Expense	0.44	0.46	0.38	0.35	0.33	0.28	0.24	0.20	0.20	0.10
Non-Cash Adjustments to Reconcile Net Income	-5.92	-4.70	-0.01	-7.41	-10	-2.17	-8.36	-22	-4.96	-13
Changes in Operating Assets and Liabilities, net	11	-0.64	-1.85	9.18	-16	1.68	4.47	-1.77	14	-17
Net Cash From Investing Activities	-184	-260	11	-148	-212	-225	-64	-35	19	-42
Net Cash From Continuing Investing Activities	-184	-260	11	-148	-212	-225	-64	-35	19	-42
Purchase of Investment Securities	-250	-318	-123	-235	-336	-286	-178	-183	-113	-201
Sale and/or Maturity of Investments	66	69	120	86	124	98	114	148	132	175
Net Cash From Financing Activities	17	191	192	153	80	-8.82	188	-110	322	-421
Net Cash From Continuing Financing Activities	17	191	192	153	80	-8.82	188	-110	322	-421
Net Change in Deposits	24	-72	473	-88	95	-49	254	-37	337	-68
Issuance of Debt	9.01	40	-266	264	1.22	1.37	-51	-8.93	1.22	186
Repayment of Debt	-0.31	234	-0.31	-0.32	-0.32	52	-0.33	-50	-0.34	-518
Repurchase of Common Equity	-5.08	-	-1.73	-9.16	-3.22	-0.86	-1.76	-0.32	-2.48	-8.08
Payment of Dividends	-11	-11	-12	-13	-13	-13	-13	-13	-13	-13

This table presents First Commonwealth Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,360	6,567	6,684	7,309	7,828	8,309	9,068	9,545	9,806	11,459	11,585
Cash and Due from Banks	72	67	91	99	96	102	100	85	124	125	105
Interest Bearing Deposits at Other Banks	2.26	2.81	25	8.67	3.01	20	257	311	30	22	28
Trading Account Securities	1,310	1,277	1,158	1,153	1,303	1,239	1,193	1,583	1,224	1,440	1,553
Loans and Leases, Net of Allowance	4,405	4,633	4,829	5,359	5,726	6,138	6,660	6,747	7,539	-118	-119
Allowance for Loan and Lease Losses	52	51	50	48	48	52	101	93	103	118	119
Loans Held for Sale	2.50	-	-	15	12	16	33	19	12	30	52
Premises and Equipment, Net	65	63	68	81	80	137	126	121	115	121	116
Goodwill	161	165	187	255	274	303	303	303	303	364	364
Intangible Assets	1.67	1.23	12	15	13	16	13	11	9.21	23	20
Other Assets	340	359	315	322	320	337	383	7,113	449	9,453	9,466
Total Liabilities & Shareholders' Equity	6,360	6,567	6,684	7,309	7,828	8,309	9,068	9,545	9,806	11,459	11,585
Total Liabilities	5,644	5,847	5,934	6,420	6,853	7,253	7,999	8,436	8,754	10,145	10,180
Non-Interest Bearing Deposits	989	1,117	1,269	1,417	1,466	1,690	2,320	2,659	2,671	2,389	2,250
Interest Bearing Deposits	3,326	3,079	3,679	4,164	4,432	4,987	5,119	5,324	5,335	6,804	7,428
Short-Term Debt	1,106	1,511	868	707	722	202	117	138	373	598	80
Long-Term Debt	162	81	81	80	178	227	227	176	176	182	259
Capital Lease Obligations	-	-	0.00	7.59	7.22	6.82	6.39	5.92	5.43	4.89	4.33
Other Long-Term Liabilities	61	59	38	44	48	139	210	133	194	168	159
Total Equity & Noncontrolling Interests	716	720	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405
Total Preferred & Common Equity	716	720	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	716	720	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405
Common Stock	471	472	472	584	606	608	609	610	611	754	755
Retained Earnings	353	378	413	437	511	577	597	691	775	881	971
Treasury Stock	-104	-128	-128	-127	-131	-135	-154	-183	-196	-209	-218
Accumulated Other Comprehensive Income / (Loss)	-4.50	-2.39	-7.03	-6.17	-11	5.58	17	-8.77	-138	-112	-103

This table presents First Commonwealth Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	9,579	11,114	11,319	11,422	11,694	11,627	11,983
Cash and Due from Banks	106	114	123	123	77	110	127
Interest Bearing Deposits at Other Banks	75	282	326	214	233	78	456
Trading Account Securities	1,276	1,213	1,194	1,280	1,520	1,576	1,618
Loans and Leases, Net of Allowance	7,253	8,523	8,666	8,767	8,881	8,871	8,839
Loans and Leases	7,349	8,657	8,800	8,902	9,000	8,995	8,966
Allowance for Loan and Lease Losses	96	134	134	134	119	124	126
Premises and Equipment, Net	120	130	124	123	119	119	117
Goodwill	303	360	364	364	364	364	364
Intangible Assets	9.62	26	25	24	22	21	20
Other Assets	436	466	496	527	479	488	443
Total Liabilities & Shareholders' Equity	9,579	11,114	11,319	11,422	11,694	11,627	11,983
Total Liabilities	8,556	9,889	10,086	10,181	10,362	10,264	10,574
Non-Interest Bearing Deposits	2,783	2,698	2,624	2,536	2,334	2,305	2,464
Interest Bearing Deposits	5,295	6,537	6,522	6,705	7,112	7,104	7,282
Short-Term Debt	98	279	543	544	547	538	539
Long-Term Debt	176	182	182	182	182	132	132
Capital Lease Obligations	5.55	5.29	5.16	5.03	4.76	4.61	4.47
Other Long-Term Liabilities	199	187	210	209	182	181	153
Total Equity & Noncontrolling Interests	1,023	1,225	1,232	1,241	1,333	1,363	1,410
Total Preferred & Common Equity	1,023	1,225	1,232	1,241	1,333	1,363	1,410
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,023	1,225	1,232	1,241	1,333	1,363	1,410
Common Stock	611	754	754	754	754	755	755
Retained Earnings	750	793	823	849	906	930	948
Treasury Stock	-197	-197	-205	-208	-209	-208	-211
Accumulated Other Comprehensive Income / (Loss)	-142	-125	-139	-154	-119	-113	-83

This table displays calculated financial ratios and metrics derived from First Commonwealth Financial's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.11%	2.15%	5.54%	17.25%	10.27%	4.25%	2.08%	6.22%	6.65%	17.36%	-0.86%
EBITDA Growth	14.31%	4.31%	18.99%	20.01%	23.78%	0.84%	-25.55%	74.97%	-8.61%	17.49%	-9.04%
EBIT Growth	9.46%	14.24%	20.08%	21.70%	28.00%	-1.45%	-31.06%	91.59%	-7.31%	23.33%	-9.79%
NOPAT Growth	7.16%	12.80%	18.84%	-7.43%	94.87%	-2.01%	-30.27%	88.24%	-7.29%	22.53%	-9.23%
Net Income Growth	7.16%	12.80%	18.84%	-7.43%	94.87%	-2.01%	-30.27%	88.24%	-7.29%	22.53%	-9.23%
EPS Growth	11.63%	16.67%	19.64%	-13.43%	86.21%	-0.93%	-29.91%	92.00%	-4.86%	12.41%	-9.74%
Operating Cash Flow Growth	-4.20%	-11.43%	22.71%	-1.08%	53.18%	-20.43%	-1.80%	56.15%	-8.26%	-0.43%	-14.13%
Free Cash Flow Firm Growth	-193.55%	27.65%	341.91%	-89.53%	-229.55%	643.40%	-70.58%	-12.58%	-137.52%	-601.73%	246.85%
Invested Capital Growth	27.58%	16.55%	-26.52%	-0.90%	11.81%	-20.75%	-4.86%	0.75%	12.31%	30.69%	-16.70%
Revenue Q/Q Growth	0.19%	1.42%	2.46%	4.89%	0.38%	1.65%	0.77%	0.58%	4.05%	1.62%	0.08%
EBITDA Q/Q Growth	-5.64%	5.37%	14.11%	3.86%	2.84%	-0.19%	-0.52%	6.17%	0.43%	5.27%	-5.86%
EBIT Q/Q Growth	-4.49%	6.24%	15.96%	4.13%	3.06%	-0.55%	-1.58%	7.29%	0.79%	6.37%	-6.36%
NOPAT Q/Q Growth	-3.33%	4.88%	15.18%	-20.16%	27.25%	-0.17%	-1.52%	7.04%	0.75%	6.15%	-5.92%
Net Income Q/Q Growth	-3.33%	4.88%	15.18%	-20.16%	27.25%	-0.17%	-1.52%	7.04%	0.75%	6.15%	-5.92%
EPS Q/Q Growth	-2.04%	3.70%	15.52%	-21.62%	27.06%	0.00%	-1.32%	7.46%	2.24%	3.36%	-6.08%
Operating Cash Flow Q/Q Growth	8.78%	-5.40%	11.24%	-4.67%	14.06%	-9.22%	4.01%	6.97%	-1.87%	0.86%	-19.07%
Free Cash Flow Firm Q/Q Growth	5.69%	-52.10%	1,185.04%	-84.13%	-171.99%	0.31%	4,643.24%	-11.86%	-120.08%	35.62%	1,183.27%
Invested Capital Q/Q Growth	2.61%	6.84%	-21.47%	-5.86%	7.80%	9.91%	-0.66%	1.19%	23.35%	6.45%	-16.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	31.92%	32.59%	36.74%	37.61%	42.22%	40.84%	29.78%	49.06%	42.04%	42.09%	38.62%
EBIT Margin	25.41%	28.41%	32.33%	33.56%	38.95%	36.82%	24.87%	44.85%	38.98%	40.96%	37.27%
Profit (Net Income) Margin	18.18%	20.07%	22.60%	17.85%	31.54%	29.64%	20.25%	35.88%	31.19%	32.57%	29.82%
Tax Burden Percent	71.54%	70.64%	69.92%	53.18%	80.96%	80.50%	81.42%	80.00%	80.02%	79.50%	80.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	28.46%	29.36%	30.08%	46.82%	19.04%	19.50%	18.58%	20.00%	19.98%	20.50%	20.00%
Return on Invested Capital (ROIC)	2.51%	2.33%	2.97%	3.26%	6.03%	6.24%	5.05%	9.71%	8.44%	8.48%	7.41%
ROIC Less NNEP Spread (ROIC-NNEP)	2.51%	2.33%	2.97%	3.26%	6.03%	6.24%	5.05%	9.71%	8.44%	8.48%	7.41%
Return on Net Nonoperating Assets (RNNOA)	3.71%	4.65%	5.14%	3.47%	5.51%	4.13%	1.87%	2.99%	3.42%	4.80%	3.07%
Return on Equity (ROE)	6.23%	6.99%	8.11%	6.74%	11.54%	10.37%	6.92%	12.70%	11.86%	13.27%	10.49%
Cash Return on Invested Capital (CROIC)	-21.72%	-12.95%	33.54%	4.17%	-5.12%	29.40%	10.02%	8.95%	-3.15%	-18.13%	25.64%
Operating Return on Assets (OROA)	0.99%	1.10%	1.29%	1.48%	1.75%	1.62%	1.04%	1.86%	1.66%	1.86%	1.55%
Return on Assets (ROA)	0.71%	0.78%	0.90%	0.79%	1.42%	1.31%	0.85%	1.49%	1.32%	1.48%	1.24%
Return on Common Equity (ROCE)	6.23%	6.99%	8.11%	6.74%	11.54%	10.37%	6.92%	12.70%	11.86%	13.27%	10.49%
Return on Equity Simple (ROE_SIMPLE)	6.21%	6.97%	7.95%	6.21%	11.02%	9.98%	6.87%	12.46%	12.18%	11.95%	10.15%
Net Operating Profit after Tax (NOPAT)	44	50	60	55	107	105	73	138	128	157	143
NOPAT Margin	18.18%	20.07%	22.60%	17.85%	31.54%	29.64%	20.25%	35.88%	31.19%	32.57%	29.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	52.03%	48.99%	46.25%	47.15%	44.30%	45.38%	46.10%	43.89%	43.46%	41.49%	43.43%
Operating Expenses to Revenue	70.01%	65.60%	60.66%	64.80%	57.37%	59.09%	59.50%	55.50%	55.88%	55.97%	56.63%
Earnings before Interest and Taxes (EBIT)	62	71	85	104	133	131	90	173	160	198	178
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	81	97	116	144	145	108	189	173	203	185
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.86	0.84	1.31	1.25	1.00	1.13	0.86	1.25	1.15	1.15	1.22
Price to Tangible Book Value (P/TBV)	1.12	1.10	1.78	1.79	1.42	1.62	1.23	1.74	1.63	1.63	1.67
Price to Revenue (P/Rev)	2.52	2.43	3.71	3.59	2.86	3.36	2.55	3.60	2.93	3.14	3.57
Price to Earnings (P/E)	13.88	12.11	16.43	20.09	9.08	11.33	12.58	10.03	9.40	9.63	11.99
Dividend Yield	4.16%	4.10%	2.55%	2.81%	3.56%	3.29%	4.58%	3.11%	3.68%	3.34%	3.07%
Earnings Yield	7.21%	8.26%	6.09%	4.98%	11.01%	8.82%	7.95%	9.97%	10.63%	10.38%	8.34%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.92	1.07	1.07	0.95	1.01	0.65	0.92	1.00	1.02	1.10
Enterprise Value to Revenue (EV/Rev)	7.40	8.53	6.87	5.81	5.23	4.24	2.53	3.41	3.91	4.46	4.01
Enterprise Value to EBITDA (EV/EBITDA)	23.19	26.16	18.71	15.45	12.40	10.39	8.50	6.94	9.29	10.59	10.39
Enterprise Value to EBIT (EV/EBIT)	29.13	30.01	21.26	17.32	13.44	11.52	10.18	7.59	10.02	10.88	10.77
Enterprise Value to NOPAT (EV/NOPAT)	40.71	42.48	30.41	32.56	16.60	14.32	12.50	9.49	12.52	13.69	13.46
Enterprise Value to Operating Cash Flow (EV/OCF)	22.03	29.28	20.30	20.34	13.19	14.01	8.68	7.95	10.60	14.26	14.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.69	25.50	0.00	3.04	6.29	10.29	0.00	0.00	3.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.77	2.21	1.27	0.90	0.93	0.41	0.33	0.29	0.53	0.60	0.24
Long-Term Debt to Equity	0.23	0.11	0.11	0.10	0.19	0.22	0.22	0.16	0.17	0.14	0.19
Financial Leverage	1.48	1.99	1.73	1.06	0.91	0.66	0.37	0.31	0.40	0.57	0.41
Leverage Ratio	8.81	9.00	9.02	8.54	8.12	7.95	8.18	8.55	8.95	8.99	8.47
Compound Leverage Factor	8.81	9.00	9.02	8.54	8.12	7.95	8.18	8.55	8.95	8.99	8.47
Debt to Total Capital	63.90%	68.88%	55.86%	47.25%	48.18%	29.23%	24.71%	22.42%	34.49%	37.38%	19.63%
Short-Term Debt to Total Capital	55.75%	65.35%	51.09%	42.02%	38.35%	13.53%	8.27%	9.67%	23.21%	28.48%	4.58%
Long-Term Debt to Total Capital	8.15%	3.52%	4.76%	5.22%	9.83%	15.70%	16.44%	12.75%	11.28%	8.90%	15.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.10%	31.12%	44.14%	52.75%	51.82%	70.77%	75.29%	77.58%	65.51%	62.62%	80.37%
Debt to EBITDA	16.24	19.56	9.80	6.84	6.30	3.00	3.25	1.70	3.21	3.87	1.86
Net Debt to EBITDA	15.28	18.71	8.60	5.92	5.61	2.17	-0.06	-0.40	2.31	3.14	1.14
Long-Term Debt to EBITDA	2.07	1.00	0.84	0.76	1.29	1.61	2.16	0.96	1.05	0.92	1.42
Debt to NOPAT	28.51	31.76	15.92	14.42	8.44	4.14	4.77	2.32	4.32	5.00	2.41
Net Debt to NOPAT	26.84	30.37	13.98	12.47	7.52	2.98	-0.08	-0.54	3.12	4.06	1.47
Long-Term Debt to NOPAT	3.64	1.63	1.36	1.59	1.72	2.22	3.18	1.32	1.41	1.19	1.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-384	-278	673	70	-91	496	146	128	-48	-336	493
Operating Cash Flow to CapEx	748.06%	1,488.66%	1,191.74%	761.84%	1,409.14%	619.29%	1,388.04%	1,551.33%	1,351.06%	684.21%	832.77%
Free Cash Flow to Firm to Interest Expense	-20.77	-17.83	36.21	3.24	-2.28	8.95	4.43	8.34	-2.70	-2.33	2.23
Operating Cash Flow to Interest Expense	4.44	4.67	4.81	4.06	3.38	1.94	3.21	10.79	8.54	1.04	0.58
Operating Cash Flow Less CapEx to Interest Expense	3.85	4.35	4.40	3.52	3.14	1.63	2.98	10.09	7.91	0.89	0.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.04	0.05	0.04
Fixed Asset Turnover	3.68	3.89	4.03	4.15	4.21	3.26	2.76	3.13	3.48	4.09	4.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,984	2,312	1,699	1,684	1,882	1,492	1,419	1,430	1,606	2,099	1,748
Invested Capital Turnover	0.14	0.12	0.13	0.18	0.19	0.21	0.25	0.27	0.27	0.26	0.25
Increase / (Decrease) in Invested Capital	429	328	-613	-15	199	-391	-72	11	176	493	-351
Enterprise Value (EV)	1,810	2,130	1,812	1,796	1,784	1,508	918	1,312	1,605	2,150	1,919
Market Capitalization	617	607	979	1,108	976	1,194	924	1,387	1,205	1,513	1,709
Book Value per Share	$7.81	$8.09	$8.43	$9.11	$9.81	$10.74	$11.12	$11.69	$11.27	$12.87	$13.81
Tangible Book Value per Share	$6.03	$6.23	$6.20	$6.34	$6.92	$7.49	$7.82	$8.37	$7.92	$9.09	$10.04
Total Capital	1,984	2,312	1,699	1,684	1,882	1,492	1,419	1,430	1,606	2,099	1,748
Total Debt	1,268	1,592	949	795	907	436	351	321	554	785	343
Total Long-Term Debt	162	81	81	88	185	234	233	182	181	187	263
Net Debt	1,193	1,523	833	688	808	314	-5.95	-75	400	638	210
Capital Expenditures (CapEx)	11	4.89	7.49	12	9.60	17	7.62	11	11	22	16
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,268	1,592	949	795	907	436	351	321	554	785	343
Total Depreciation and Amortization (D&A)	16	10	12	13	11	14	18	16	13	5.43	6.43
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.48	$0.56	$0.67	$0.58	$1.09	$1.07	$0.75	$1.45	$1.37	$1.55	$1.40
Adjusted Weighted Average Basic Shares Outstanding	93.11M	89.36M	88.85M	95.22M	99.04M	98.32M	97.50M	95.58M	93.61M	101.56M	101.91M
Adjusted Diluted Earnings per Share	$0.48	$0.56	$0.67	$0.58	$1.08	$1.07	$0.75	$1.44	$1.37	$1.54	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	93.11M	89.36M	88.85M	95.33M	99.22M	98.59M	97.76M	95.84M	93.89M	101.82M	102.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.07	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	90.52M	88.96M	89.10M	97.52M	98.64M	98.26M	192.32M	188.60M	206.14M	204.49M	101.85M
Normalized Net Operating Profit after Tax (NOPAT)	46	53	63	62	110	110	74	138	130	164	143
Normalized NOPAT Margin	18.64%	21.21%	23.75%	19.92%	32.18%	30.83%	20.40%	35.95%	31.59%	34.09%	29.96%
Pre Tax Income Margin	25.41%	28.41%	32.33%	33.56%	38.95%	36.82%	24.87%	44.85%	38.98%	40.96%	37.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.36	4.55	4.59	4.76	3.32	2.36	2.74	11.30	9.03	1.37	0.80
NOPAT to Interest Expense	2.40	3.22	3.21	2.53	2.69	1.90	2.23	9.04	7.23	1.09	0.64
EBIT Less CapEx to Interest Expense	2.76	4.24	4.18	4.23	3.08	2.05	2.51	10.60	8.40	1.22	0.73
NOPAT Less CapEx to Interest Expense	1.81	2.90	2.80	2.00	2.45	1.59	2.00	8.34	6.60	0.94	0.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.03%	50.03%	41.80%	55.31%	32.42%	37.40%	58.52%	31.54%	34.78%	32.35%	36.90%
Augmented Payout Ratio	128.66%	100.66%	43.25%	57.96%	56.78%	43.34%	86.98%	54.18%	46.95%	41.88%	45.75%

This table displays calculated financial ratios and metrics derived from First Commonwealth Financial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.61%	16.62%	27.32%	24.63%	13.22%	6.85%	-0.88%	-1.75%	-1.12%	0.32%
EBITDA Growth	-2.09%	1.56%	6.66%	30.18%	11.05%	21.14%	20.07%	-12.05%	-16.67%	-19.71%
EBIT Growth	-0.20%	2.88%	10.09%	39.65%	16.10%	26.37%	22.52%	-13.13%	-17.77%	-21.33%
NOPAT Growth	-0.36%	2.75%	9.01%	39.11%	15.49%	25.45%	24.24%	-13.31%	-18.21%	-20.03%
Net Income Growth	-0.36%	2.75%	9.01%	39.11%	15.49%	25.45%	24.24%	-13.31%	-18.21%	-20.03%
EPS Growth	0.00%	8.33%	3.45%	27.27%	5.56%	12.82%	23.33%	-14.29%	-18.42%	-20.45%
Operating Cash Flow Growth	4.80%	-6.33%	23.72%	63.66%	-57.78%	3.02%	2.71%	-52.47%	162.84%	-69.29%
Free Cash Flow Firm Growth	192.30%	-683.02%	-378.10%	-658.17%	-534.45%	-219.34%	-6.57%	93.82%	87.15%	186.25%
Invested Capital Growth	-7.86%	12.31%	25.73%	48.70%	51.43%	30.69%	22.12%	3.78%	5.74%	-16.70%
Revenue Q/Q Growth	10.29%	3.75%	4.44%	4.28%	0.19%	-2.08%	-3.12%	3.36%	0.84%	-0.66%
EBITDA Q/Q Growth	9.72%	5.67%	-16.50%	34.48%	-6.41%	15.27%	-17.24%	-1.50%	-11.32%	11.06%
EBIT Q/Q Growth	10.57%	5.73%	-15.47%	41.32%	-8.07%	15.08%	-18.05%	0.21%	-12.99%	10.10%
NOPAT Q/Q Growth	10.45%	5.20%	-15.42%	41.55%	-8.30%	14.26%	-16.24%	-1.23%	-13.49%	11.73%
Net Income Q/Q Growth	10.45%	5.20%	-15.42%	41.55%	-8.30%	14.26%	-16.24%	-1.23%	-13.49%	11.73%
EPS Q/Q Growth	9.09%	8.33%	-23.08%	40.00%	-9.52%	15.79%	-15.91%	-2.70%	-13.89%	12.90%
Operating Cash Flow Q/Q Growth	65.62%	-11.55%	-9.67%	23.68%	-57.28%	115.84%	-9.94%	-42.76%	136.23%	-74.79%
Free Cash Flow Firm Q/Q Growth	35.00%	-196.69%	-125.17%	-89.90%	-5.08%	28.92%	24.86%	88.99%	-118.56%	576.86%
Invested Capital Q/Q Growth	-1.35%	23.35%	5.33%	16.02%	0.46%	6.45%	-1.58%	-1.41%	2.36%	-16.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.04%	42.82%	34.23%	44.14%	41.24%	48.54%	41.47%	39.52%	34.75%	38.85%
EBIT Margin	39.21%	39.95%	32.34%	43.82%	40.21%	47.25%	39.97%	38.75%	33.44%	37.06%
Profit (Net Income) Margin	31.37%	31.81%	25.76%	34.97%	32.00%	37.35%	32.29%	30.85%	26.47%	29.77%
Tax Burden Percent	80.02%	79.62%	79.67%	79.79%	79.60%	79.03%	80.78%	79.63%	79.17%	80.34%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.98%	20.38%	20.33%	20.21%	20.40%	20.97%	19.22%	20.37%	20.83%	19.66%
Return on Invested Capital (ROIC)	9.13%	8.61%	7.40%	9.81%	9.28%	9.72%	8.27%	7.39%	6.24%	7.40%
ROIC Less NNEP Spread (ROIC-NNEP)	9.13%	8.61%	7.40%	9.81%	9.28%	9.72%	8.27%	7.39%	6.24%	7.40%
Return on Net Nonoperating Assets (RNNOA)	2.48%	3.48%	2.40%	4.30%	4.14%	5.50%	3.88%	4.00%	3.31%	3.07%
Return on Equity (ROE)	11.60%	12.09%	9.80%	14.11%	13.42%	15.22%	12.15%	11.39%	9.54%	10.47%
Cash Return on Invested Capital (CROIC)	17.56%	-3.15%	-14.19%	-30.47%	-31.87%	-18.13%	-11.17%	4.23%	1.89%	25.64%
Operating Return on Assets (OROA)	1.63%	1.70%	1.36%	1.94%	1.82%	2.14%	1.69%	1.62%	1.36%	1.54%
Return on Assets (ROA)	1.30%	1.35%	1.08%	1.54%	1.45%	1.69%	1.36%	1.29%	1.08%	1.24%
Return on Common Equity (ROCE)	11.60%	12.09%	9.80%	14.11%	13.42%	15.22%	12.15%	11.39%	9.54%	10.47%
Return on Equity Simple (ROE_SIMPLE)	12.44%	0.00%	10.67%	11.58%	11.93%	0.00%	12.33%	11.65%	10.75%	0.00%
Net Operating Profit after Tax (NOPAT)	34	36	30	43	39	45	38	37	32	36
NOPAT Margin	31.37%	31.81%	25.76%	34.97%	32.00%	37.35%	32.29%	30.85%	26.47%	29.77%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	42.59%	39.83%	41.41%	41.60%	41.08%	41.89%	43.24%	42.56%	44.26%	43.64%
Operating Expenses to Revenue	55.32%	51.93%	60.84%	53.90%	54.99%	54.30%	56.39%	54.74%	57.81%	57.55%
Earnings before Interest and Taxes (EBIT)	42	45	38	54	49	57	46	47	41	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	48	40	54	51	58	48	48	42	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.15	0.99	1.01	0.96	1.15	1.05	1.03	1.24	1.22
Price to Tangible Book Value (P/TBV)	1.57	1.63	1.44	1.47	1.40	1.63	1.48	1.43	1.70	1.67
Price to Revenue (P/Rev)	2.82	2.93	2.78	2.70	2.52	3.14	2.91	2.93	3.65	3.57
Price to Earnings (P/E)	8.76	9.40	9.27	8.71	8.09	9.63	8.51	8.84	11.50	11.99
Dividend Yield	3.94%	3.68%	4.09%	4.01%	4.19%	3.34%	3.65%	3.68%	2.99%	3.07%
Earnings Yield	11.41%	10.63%	10.79%	11.48%	12.37%	10.38%	11.75%	11.32%	8.69%	8.34%
Enterprise Value to Invested Capital (EV/IC)	0.93	1.00	0.76	0.78	0.81	1.02	0.88	0.93	0.88	1.10
Enterprise Value to Revenue (EV/Rev)	3.07	3.91	2.94	3.31	3.35	4.46	3.79	3.94	3.84	4.01
Enterprise Value to EBITDA (EV/EBITDA)	7.05	9.29	7.31	8.12	8.25	10.59	8.63	9.23	9.36	10.39
Enterprise Value to EBIT (EV/EBIT)	7.63	10.02	7.83	8.52	8.56	10.88	8.84	9.48	9.65	10.77
Enterprise Value to NOPAT (EV/NOPAT)	9.54	12.52	9.81	10.68	10.75	13.69	11.08	11.90	12.11	13.46
Enterprise Value to Operating Cash Flow (EV/OCF)	7.86	10.60	8.07	8.59	10.64	14.26	12.00	14.89	11.48	14.82
Enterprise Value to Free Cash Flow (EV/FCFF)	5.09	0.00	0.00	0.00	0.00	0.00	0.00	22.34	47.78	3.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.53	0.38	0.59	0.59	0.60	0.55	0.49	0.48	0.24
Long-Term Debt to Equity	0.18	0.17	0.15	0.15	0.15	0.14	0.14	0.10	0.10	0.19
Financial Leverage	0.27	0.40	0.32	0.44	0.45	0.57	0.47	0.54	0.53	0.41
Leverage Ratio	8.92	8.95	9.05	9.14	9.28	8.99	8.92	8.84	8.83	8.47
Compound Leverage Factor	8.92	8.95	9.05	9.14	9.28	8.99	8.92	8.84	8.83	8.47
Debt to Total Capital	21.46%	34.49%	27.58%	37.20%	37.08%	37.38%	35.49%	33.10%	32.38%	19.63%
Short-Term Debt to Total Capital	7.52%	23.21%	16.49%	27.66%	27.59%	28.48%	26.46%	26.40%	25.85%	4.58%
Long-Term Debt to Total Capital	13.94%	11.28%	11.09%	9.54%	9.49%	8.90%	9.03%	6.71%	6.54%	15.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.54%	65.51%	72.42%	62.80%	62.92%	62.62%	64.52%	66.90%	67.62%	80.37%
Debt to EBITDA	1.62	3.21	2.66	3.89	3.79	3.87	3.47	3.30	3.44	1.86
Net Debt to EBITDA	0.57	2.31	0.40	1.50	2.04	3.14	2.00	2.38	0.47	1.14
Long-Term Debt to EBITDA	1.06	1.05	1.07	1.00	0.97	0.92	0.88	0.67	0.69	1.42
Debt to NOPAT	2.20	4.32	3.57	5.12	4.94	5.00	4.46	4.25	4.45	2.41
Net Debt to NOPAT	0.78	3.12	0.54	1.97	2.66	4.06	2.57	3.06	0.61	1.47
Long-Term Debt to NOPAT	1.43	1.41	1.44	1.31	1.26	1.19	1.13	0.86	0.90	1.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	145	-140	-316	-600	-630	-448	-337	-37	-81	386
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	43.44	-17.00	-15.62	-17.94	-14.96	-9.23	-6.33	-0.67	-1.40	7.04
Operating Cash Flow to Interest Expense	14.46	5.18	1.91	1.43	0.48	0.91	0.75	0.41	0.93	0.25
Operating Cash Flow Less CapEx to Interest Expense	14.46	5.18	1.91	1.43	0.48	0.91	0.75	0.41	0.93	0.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.05	0.05	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.32	3.48	3.47	3.74	3.90	4.09	3.87	3.94	3.98	4.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,302	1,606	1,692	1,963	1,972	2,099	2,066	2,037	2,085	1,748
Invested Capital Turnover	0.29	0.27	0.29	0.28	0.29	0.26	0.26	0.24	0.24	0.25
Increase / (Decrease) in Invested Capital	-111	176	346	643	670	493	374	74	113	-351
Enterprise Value (EV)	1,213	1,605	1,282	1,524	1,591	2,150	1,822	1,888	1,836	1,919
Market Capitalization	1,115	1,205	1,211	1,243	1,197	1,513	1,399	1,402	1,743	1,709
Book Value per Share	$10.95	$11.27	$11.89	$11.98	$12.11	$12.87	$13.03	$13.32	$13.77	$13.81
Tangible Book Value per Share	$7.60	$7.92	$8.14	$8.20	$8.33	$9.09	$9.26	$9.56	$10.02	$10.04
Total Capital	1,302	1,606	1,692	1,963	1,972	2,099	2,066	2,037	2,085	1,748
Total Debt	279	554	467	730	731	785	733	674	675	343
Total Long-Term Debt	181	181	188	187	187	187	186	137	136	263
Net Debt	99	400	71	281	394	638	423	486	93	210
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	279	554	467	730	731	785	733	674	675	343
Total Depreciation and Amortization (D&A)	3.07	3.22	2.23	0.40	1.26	1.55	1.74	0.93	1.60	2.16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.36	$0.39	$0.30	$0.42	$0.38	$0.45	$0.37	$0.36	$0.31	$0.36
Adjusted Weighted Average Basic Shares Outstanding	93.19M	93.61M	99.56M	102.53M	102.16M	101.56M	101.98M	102.05M	102.07M	101.91M
Adjusted Diluted Earnings per Share	$0.36	$0.39	$0.30	$0.42	$0.38	$0.44	$0.37	$0.36	$0.31	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	93.45M	93.89M	99.78M	102.76M	102.44M	101.82M	102.20M	102.29M	102.42M	102.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.38M	206.14M	102.89M	102.41M	102.11M	204.49M	102.30M	102.36M	101.78M	101.85M
Normalized Net Operating Profit after Tax (NOPAT)	34	37	37	43	40	45	38	37	32	36
Normalized NOPAT Margin	31.74%	32.79%	31.59%	34.93%	32.28%	37.53%	32.47%	30.91%	26.56%	30.02%
Pre Tax Income Margin	39.21%	39.95%	32.34%	43.82%	40.21%	47.25%	39.97%	38.75%	33.44%	37.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.71	5.44	1.88	1.60	1.17	1.17	0.87	0.84	0.70	0.81
NOPAT to Interest Expense	10.17	4.33	1.49	1.28	0.93	0.92	0.71	0.67	0.56	0.65
EBIT Less CapEx to Interest Expense	12.71	5.44	1.88	1.60	1.17	1.17	0.87	0.84	0.70	0.81
NOPAT Less CapEx to Interest Expense	10.17	4.33	1.49	1.28	0.93	0.92	0.71	0.67	0.56	0.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.83%	34.78%	35.28%	33.40%	33.29%	32.35%	31.15%	32.53%	34.40%	36.90%
Augmented Payout Ratio	59.66%	46.95%	47.41%	44.59%	42.82%	41.88%	40.27%	36.41%	37.97%	45.75%

Key Financial Trends

First Commonwealth Financial (NYSE: FCF) has demonstrated steady financial performance over the last four years, with data analyzed through Q4 2024 compared to previous quarters and years.

Key positive financial highlights include:

Net interest income has generally increased over the years, reaching approximately $95.1 million in Q4 2024, indicating a solid revenue base from core lending and deposit activities.
Consistent net income growth, with net income of $35.8 million in Q4 2024, slightly up from $32.1 million in Q3 2024 and illustrating a positive earnings trend.
Stable earnings per share (EPS), with diluted EPS at $0.35 in Q4 2024, up from $0.31 in Q3 2024, reflecting improved profitability and efficient share management.
Return of capital to shareholders through steady dividends of around $0.13 per share, maintaining consistent policy over the last several quarters and years.
The loan portfolio has grown, with net loans and leases, after allowance for loan losses, increasing from approximately $7.25 billion in Q3 2022 to around $8.84 billion in Q3 2024, showing asset growth and customer demand for credit.
Total common equity rose from about $1.02 billion in Q3 2022 to roughly $1.41 billion in Q3 2024, supporting the company's capital strength and financial stability.
Operating cash flow remains positive and robust, with net cash from operating activities variously reported around $13.9 million in Q4 2024 and higher in previous quarters, ensuring internal liquidity.

Neutral observations and metrics:

Interest expense rose in recent quarters, particularly short-term borrowings expense which stood at $1.05 million in Q4 2024 but was higher earlier in 2024, reflecting financing cost changes.
Provision for credit losses fluctuates quarter-to-quarter, reflecting the bank's credit risk management and economic conditions; Q4 2024 saw $6.49 million provision compared to $10.6 million in Q3 2024.
Non-interest income is volatile — other service charges showed a negative impact in Q4 2024 (-$17.1 million), potentially from refunds or chargebacks, but other non-interest income and capital gains positively contributed, indicating variable fee income streams.

Potential concerns and negative factors:

Net cash from financing activities turned sharply negative in Q4 2024 (-$420.9 million), mainly due to significant changes in deposits (-$67.5 million) and large debt repayments (-$518.0 million), which could impact liquidity if trend continues.
Total non-interest expenses remain high, reaching approximately $69.3 million in Q4 2024, driven by salaries, occupancy, and other operating costs; rising expenses could pressure earnings if revenues do not keep pace.
Accumulated other comprehensive loss has widened to about -$83 million in Q3 2024 from -$142 million in early 2022 and even more negative earlier, possibly reflecting investment valuation losses or pension liabilities affecting equity.

Summary: Over the last four years, First Commonwealth Financial has shown steady growth in loans, revenues, equity, and net income, enhancing shareholder value through dividends and EPS growth. However, the company faces challenges including higher non-interest expenses, volatile non-interest income, and recent large outflows in financing activities suggesting a need to monitor liquidity closely. The firm's core banking operations appear sound, supported by rising net interest margins, but attention should be paid to expense management and capital deployment going forward.

08/29/25 11:57 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About First Commonwealth Financial's Financials

When does First Commonwealth Financial's financial year end?

According to the most recent income statement we have on file, First Commonwealth Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Commonwealth Financial's net income changed over the last 10 years?

First Commonwealth Financial's net income appears to be on an upward trend, with a most recent value of $142.57 million in 2024, rising from $44.45 million in 2014. The previous period was $157.06 million in 2023. See where experts think First Commonwealth Financial is headed by visiting First Commonwealth Financial's forecast page.

How has First Commonwealth Financial's revenue changed over the last 10 years?

Over the last 10 years, First Commonwealth Financial's total revenue changed from $244.54 million in 2014 to $478.12 million in 2024, a change of 95.5%.

How much debt does First Commonwealth Financial have?

First Commonwealth Financial's total liabilities were at $10.18 billion at the end of 2024, a 0.3% increase from 2023, and a 80.4% increase since 2014.

How much cash does First Commonwealth Financial have?

In the past 10 years, First Commonwealth Financial's cash and equivalents has ranged from $66.64 million in 2015 to $125.44 million in 2023, and is currently $105.05 million as of their latest financial filing in 2024.

How has First Commonwealth Financial's book value per share changed over the last 10 years?

Over the last 10 years, First Commonwealth Financial's book value per share changed from 7.81 in 2014 to 13.81 in 2024, a change of 76.8%.

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This page (NYSE:FCF) was last updated on 8/29/2025 by MarketBeat.com Staff

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First Commonwealth Financial (FCF) Financials

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First Commonwealth Financial (FCF) Financials

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