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First Commonwealth Financial (FCF) Financials

First Commonwealth Financial logo
$16.22 -0.10 (-0.61%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$16.23 +0.01 (+0.03%)
As of 08/8/2025 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for First Commonwealth Financial

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

Quarterly Income Statements for First Commonwealth Financial

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

Annual Cash Flow Statements for First Commonwealth Financial

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

Quarterly Cash Flow Statements for First Commonwealth Financial

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

Annual Balance Sheets for First Commonwealth Financial

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

Quarterly Balance Sheets for First Commonwealth Financial

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

Annual Metrics And Ratios for First Commonwealth Financial

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%

Quarterly Metrics And Ratios for First Commonwealth Financial

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 two years, with its latest quarterly results from Q4 2024 reflecting several key trends and considerations for investors.

Recent Performance Highlights (Q4 2024 vs Q3 2024):

  • Net interest income remained strong at $95.1 million in Q4 2024, slightly below $96.5 million in Q3 2024 but still stable overall.
  • Net income attributable to common shareholders increased to $35.8 million in Q4 2024, up from $32.1 million in Q3 2024, with basic EPS rising to $0.36 from $0.31.
  • Provision for credit losses decreased to $6.5 million in Q4 compared to a higher $10.6 million in Q3 2024, indicating improved asset quality.
  • Total non-interest income was $25.3 million in Q4 2024, slightly up from $24.7 million in Q3, supported by strong other non-interest income and realized capital gains.
  • Deposits interest expense increased to $50.6 million in Q4 2024 from $49.7 million in Q3, reflecting rising funding costs.
  • Other service charges showed a significant negative variance in Q4 2024 (-$17.1 million), contrasting with positive prior quarters, which negatively affected total non-interest income.
  • Total non-interest expenses remained steady, with $69.3 million in Q4 2024, slightly lower than $70.1 million in Q3 2024, indicating controlled operating costs.
  • Net cash from continuing financing activities showed a large outflow of -$420.9 million in Q4 2024 after a positive inflow of $321.7 million in Q3, driven mainly by significant debt repayments ($518 million) and a decrease in deposits (-$67.5 million).
  • Total assets grew steadily to approximately $11.98 billion as of Q3 2024, with net loans and leases stable near $8.96 billion.
  • Dividends per share have been consistent at $0.13 across recent quarters, reflecting a stable dividend policy.

Year-over-Year Trends (Q4 2024 vs Q4 2023):

  • Net interest income improved from roughly $95.7 million in Q4 2023 to $95.1 million in Q4 2024, maintaining strong core earnings.
  • Net income increased from $44.8 million in Q4 2023 to $35.8 million in Q4 2024 (note slight decline, but earlier quarters in 2024 generally showed growth).
  • Provision for credit losses sharply increased in Q4 2023 (-$1.9 million) to $6.5 million in Q4 2024, but the provision fluctuates reflecting credit risk management adaptability.
  • Total interest expense increased substantially from $48.5 million in Q4 2023 to $54.9 million in Q4 2024, pressuring net interest income margins.
  • Total revenue has remained relatively stable around $120 million each quarter over the year indicating consistent business activity.

Balance Sheet and Liquidity:

  • Loan portfolio remains strong and steadily growing, with net loans and leases above $8.8 billion in Q3 2024.
  • Cash and due from banks increased significantly from about $77 million in Q1 2024 to $126 million by Q3 2024.
  • The bank is managing rising liabilities including short-term and long-term debt; total liabilities have risen to about $10.57 billion with total equity near $1.41 billion as of Q3 2024.

Summary:

First Commonwealth Financial has delivered steady earnings growth with a solid net interest income base and consistent loan portfolio size over the past two years. The company has managed provisions for credit losses prudently, reflecting sound credit risk practices. However, rising interest expenses coupled with increased debt repayments and deposit fluctuations present near-term challenges.

Control over operating expenses remains stable but a notable negative impact from other service charges in the recent quarter has suppressed parts of non-interest income. Dividend stability supports shareholder confidence, and the company’s balance sheet shows healthy loan growth and improving cash positions.

Retail investors should watch for continued management of funding costs, credit loss provisions, and non-interest income volatility in upcoming quarters as key factors influencing earnings sustainability and stock performance.

08/09/25 04:16 PMAI Generated. May Contain Errors.

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 First Commonwealth Financial's forecast for analyst expectations on what’s next for the company.

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 8/9/2025 by MarketBeat.com Staff
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