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First Commonwealth Announces First Quarter 2025 Earnings; Increases Quarterly Dividend

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First Commonwealth Financial reported Q1 2025 financial results with net income of $32.7 million and diluted earnings per share of $0.32. This represents a decrease from both the previous quarter ($35.8 million) and Q1 2024 ($37.5 million).

Key highlights include:

  • Loan growth of 4.4% annualized, driven by $121.4 million increase in commercial loans
  • Deposit growth of 7.7% annualized, with $214.8 million increase in savings deposits
  • Net interest margin improved to 3.62%, up 8 basis points from previous quarter
  • Board approved 3.9% increase in quarterly dividend to $0.135 per share

The company received all approvals for its acquisition of CenterGroup Financial, expected to complete on April 30, 2025. Asset quality remained stable with nonperforming loans at $59.4 million (0.65% of total loans) and net charge-offs decreasing to $3.1 million. The efficiency ratio increased to 59.08%, while maintaining strong capital positions with a Bank-level Total Capital Ratio of 13.6%.

First Commonwealth Financial ha riportato i risultati finanziari del primo trimestre 2025 con un utile netto di 32,7 milioni di dollari e un utile diluito per azione di 0,32 dollari. Si tratta di una diminuzione rispetto sia al trimestre precedente (35,8 milioni di dollari) sia al primo trimestre del 2024 (37,5 milioni di dollari).

I punti salienti includono:

  • Crescita dei prestiti del 4,4% su base annua, trainata da un aumento di 121,4 milioni di dollari nei prestiti commerciali
  • Crescita dei depositi del 7,7% su base annua, con un incremento di 214,8 milioni di dollari nei depositi di risparmio
  • Margine di interesse netto migliorato al 3,62%, in aumento di 8 punti base rispetto al trimestre precedente
  • Il consiglio di amministrazione ha approvato un aumento del dividendo trimestrale del 3,9%, portandolo a 0,135 dollari per azione

L'azienda ha ricevuto tutte le approvazioni per l'acquisizione di CenterGroup Financial, prevista per il completamento il 30 aprile 2025. La qualit脿 degli attivi 猫 rimasta stabile con prestiti non performanti pari a 59,4 milioni di dollari (0,65% del totale prestiti) e le svalutazioni nette in calo a 3,1 milioni di dollari. Il rapporto di efficienza 猫 aumentato al 59,08%, mantenendo solide posizioni di capitale con un rapporto di capitale totale a livello bancario del 13,6%.

First Commonwealth Financial report贸 los resultados financieros del primer trimestre de 2025 con un ingreso neto de 32,7 millones de d贸lares y ganancias diluidas por acci贸n de 0,32 d贸lares. Esto representa una disminuci贸n tanto respecto al trimestre anterior (35,8 millones) como al primer trimestre de 2024 (37,5 millones).

Los aspectos m谩s destacados incluyen:

  • Crecimiento de pr茅stamos anualizado del 4,4%, impulsado por un aumento de 121,4 millones de d贸lares en pr茅stamos comerciales
  • Crecimiento anualizado de dep贸sitos del 7,7%, con un incremento de 214,8 millones de d贸lares en dep贸sitos de ahorro
  • El margen neto de inter茅s mejor贸 a 3,62%, subiendo 8 puntos b谩sicos respecto al trimestre anterior
  • La junta aprob贸 un aumento del dividendo trimestral del 3,9% a 0,135 d贸lares por acci贸n

La compa帽铆a recibi贸 todas las aprobaciones para su adquisici贸n de CenterGroup Financial, que se espera completar el 30 de abril de 2025. La calidad de los activos se mantuvo estable con pr茅stamos morosos de 59,4 millones de d贸lares (0,65% del total de pr茅stamos) y las cancelaciones netas disminuyeron a 3,1 millones. La ratio de eficiencia aument贸 a 59,08%, manteniendo posiciones de capital s贸lidas con un ratio total de capital a nivel bancario del 13,6%.

韻检姢韸� 旎る鞗办姢 韺岇澊雮胳厹鞚� 2025雲� 1攵勱赴 鞛 鞁れ爜鞚� 氚滍憸頃橂┌ 靾滌澊鞚� 3,270毵� 雼煬鞕� 頋劃 欤茧嫻靾滌澊鞚� 0.32雼煬毳� 旮半頄堨姷雼堧嫟. 鞚措姅 鞝� 攵勱赴(3,580毵� 雼煬) 氚� 2024雲� 1攵勱赴(3,750毵� 雼煬) 雽�牍� 臧愳唽頃� 靾橃箻鞛呺媹雼�.

欤检殧 雮挫毄鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:

  • 鞐办湪 旮办 4.4% 雽�於� 靹膘灔, 靸侅梾鞖� 雽�於滌澊 1鞏� 2,140毵� 雼煬 歃濌皜
  • 鞐办湪 旮办 7.7% 鞓堦笀 靹膘灔, 鞝�於� 鞓堦笀鞚� 2鞏� 1,480毵� 雼煬 歃濌皜
  • 靾滌澊鞛愲歆勳澊 3.62%搿� 臧滌劆霅橃柎 鞝� 攵勱赴 雽�牍� 8bp 靸侅姽
  • 鞚挫偓須岇棎靹� 攵勱赴 氚半嫻旮堨潉 欤茧嫻 0.135雼煬搿� 3.9% 鞚胳儊 鞀轨澑

須岇偓電� CenterGroup Financial 鞚胳垬鞐� 頃勳殧頃� 氇摖 鞀轨澑鞚� 氚涭晿鞙茧┌, 2025雲� 4鞗� 30鞚� 鞕勲霅� 鞓堨爼鞛呺媹雼�. 鞛愳偘 頀堨鞚� 鞎堨爼鞝侅溂搿� 鞙犾霅橃棃鞙茧┌, 攵�鞁� 雽�於滌潃 5,940毵� 雼煬(鞝勳泊 雽�於滌潣 0.65%)鞚搓碃 靾� 雽�靻愳儊臧侅潃 310毵� 雼煬搿� 臧愳唽頄堨姷雼堧嫟. 須湪靹� 牍勳湪鞚� 59.08%搿� 靸侅姽頄堨溂氅�, 鞚�頄� 靾橃 齑濎瀽氤鸽箘鞙潃 13.6%搿� 瓴碃頃� 鞛愲掣 靸來儨毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟.

First Commonwealth Financial a annonc茅 ses r茅sultats financiers du premier trimestre 2025 avec un b茅n茅fice net de 32,7 millions de dollars et un b茅n茅fice dilu茅 par action de 0,32 dollar. Cela repr茅sente une baisse par rapport au trimestre pr茅c茅dent (35,8 millions de dollars) et au premier trimestre 2024 (37,5 millions de dollars).

Les points cl茅s incluent :

  • Une croissance des pr锚ts annualis茅e de 4,4 %, port茅e par une augmentation de 121,4 millions de dollars des pr锚ts commerciaux
  • Une croissance annualis茅e des d茅p么ts de 7,7 %, avec une hausse de 214,8 millions de dollars des d茅p么ts d'茅pargne
  • La marge nette d'int茅r锚t s'est am茅lior茅e 脿 3,62 %, en hausse de 8 points de base par rapport au trimestre pr茅c茅dent
  • Le conseil d'administration a approuv茅 une augmentation de 3,9 % du dividende trimestriel 脿 0,135 dollar par action

L'entreprise a obtenu toutes les approbations n茅cessaires pour son acquisition de CenterGroup Financial, dont la finalisation est pr茅vue pour le 30 avril 2025. La qualit茅 des actifs est rest茅e stable avec des pr锚ts non performants 脿 59,4 millions de dollars (0,65 % du total des pr锚ts) et des radiations nettes en baisse 脿 3,1 millions. Le ratio d'efficacit茅 a augment茅 脿 59,08 %, tout en maintenant des positions de capital solides avec un ratio de capital total au niveau bancaire de 13,6 %.

First Commonwealth Financial meldete die Finanzergebnisse f眉r das erste Quartal 2025 mit einem Nettogewinn von 32,7 Millionen US-Dollar und einem verw盲sserten Gewinn je Aktie von 0,32 US-Dollar. Dies stellt einen R眉ckgang gegen眉ber dem Vorquartal (35,8 Millionen US-Dollar) und dem ersten Quartal 2024 (37,5 Millionen US-Dollar) dar.

Wichtige Highlights sind:

  • J盲hrliches Kreditwachstum von 4,4 %, getragen von einer Steigerung der gewerblichen Kredite um 121,4 Millionen US-Dollar
  • J盲hrliches Einlagenwachstum von 7,7 % mit einem Anstieg der Spareinlagen um 214,8 Millionen US-Dollar
  • Die Nettomarge verbesserte sich auf 3,62 %, ein Anstieg um 8 Basispunkte gegen眉ber dem Vorquartal
  • Der Vorstand genehmigte eine Erh枚hung der viertelj盲hrlichen Dividende um 3,9 % auf 0,135 US-Dollar je Aktie

Das Unternehmen erhielt alle Genehmigungen f眉r die 脺bernahme von CenterGroup Financial, die voraussichtlich am 30. April 2025 abgeschlossen wird. Die Verm枚gensqualit盲t blieb stabil, mit notleidenden Krediten in H枚he von 59,4 Millionen US-Dollar (0,65 % der Gesamtkredite) und einem R眉ckgang der Nettoabschreibungen auf 3,1 Millionen US-Dollar. Die Effizienzquote stieg auf 59,08 %, w盲hrend die Kapitalst盲rke mit einer Gesamtkapitalquote auf Bankebene von 13,6 % stark blieb.

Positive
  • Net interest margin increased to 3.62% (up 8 basis points from prior quarter)
  • Loan growth of 4.4% annualized in Q1 2025
  • Strong deposit growth of 7.7% annualized from previous quarter
  • Board approved 3.9% increase in quarterly dividend
  • Strong capital position with Bank-level Total Capital Ratio at 13.6%
  • Net charge-offs decreased significantly to $3.1M from $13.7M in previous quarter
  • Strategic expansion through CenterGroup Financial acquisition closing April 30
Negative
  • Net income declined to $32.7M from $37.5M year-over-year (12.8% decrease)
  • Core efficiency ratio deteriorated to 59.08% (up 301 basis points)
  • Core ROAA decreased 9 basis points to 1.14%
  • Nonperforming loans increased to $59.4M from $42.4M year-over-year
  • Noninterest income decreased $2.8M from previous quarter
  • Noninterest expense increased $2.1M from previous quarter
  • Average noninterest-bearing deposits decreased by $40.5M

Insights

FCF shows mixed Q1 results with solid loan growth and improved NIM, but declining earnings and higher expenses warrant monitoring.

First Commonwealth's Q1 2025 results reveal contrasting performance trends. The decline in net income to $32.7 million ($0.32 per share) represents an 8.8% drop from the previous quarter and 12.9% year-over-year, pushing the return on average assets down to 1.14% from 1.23% sequentially.

The bank's efficiency ratio deteriorated to 59.08% from 56.07% in Q4 2024, reflecting challenges in expense management. Noninterest expenses increased by $2.1 million quarter-over-quarter, primarily driven by higher salaries and benefits ($2.4 million increase), with $1.5 million attributed to finalizing prior year performance payments.

On the positive side, the bank demonstrated healthy balance sheet growth with loans increasing at 4.4% annualized and deposits growing at an impressive 7.7% annualized pace. The reduction in the loan-to-deposit ratio by 73 basis points to 92.6% indicates improved liquidity positioning.

The standout metric is the net interest margin expansion to 3.62%, up 8 basis points from the previous quarter and 10 basis points year-over-year. This improvement was primarily driven by a 10 basis point decrease in funding costs, partially offset by a 5 basis point decrease in loan yields.

Asset quality shows signs of stabilization with net charge-offs decreasing to $3.1 million (0.14% of average loans) from $13.7 million (0.61%) in Q4 2024. Though nonperforming loans remain elevated at $59.4 million compared to $42.4 million a year ago, criticized loans decreased by $33.7 million, signaling improving credit trends.

FCF's acquisition of CenterGroup Financial strengthens its regional footprint while maintaining solid capital levels despite earnings pressure.

First Commonwealth's pending completion of the CenterGroup Financial acquisition marks a strategic milestone that will enhance the company's market position in Cincinnati. With all regulatory and shareholder approvals secured and closing set for April 30, 2025, the timing appears favorable amid the bank's solid capital foundation.

The bank maintains strong capital levels with a Bank-level Total Capital Ratio of 13.6%, representing $342.0 million in excess capital above regulatory "well capitalized" requirements. This capital cushion provides flexibility for both the acquisition integration and organic growth.

The 3.9% dividend increase to $0.135 per share reflects management's confidence in the bank's financial position despite the earnings decline. This marks a positive signal for shareholders while maintaining a reasonable projected annual yield of 3.5%.

The composition of deposit growth is favorable, with increases in savings deposits ($214.8 million) and noninterest-bearing deposits ($24.2 million), which helps support the improved funding profile. The reduction in time deposits suggests the bank is successfully shifting its funding mix toward more stable sources.

While core pre-tax pre-provision net revenue declined to $46.9 million from $51.4 million in the previous quarter, this appears partially attributable to temporary factors, including $1.5 million in incentive payments related to prior year performance and $0.7 million in seasonal snow removal expenses. The decrease in noninterest income by $2.8 million, including a $1.0 million reduction in SBA loan sale gains, also contributed to the earnings pressure.

INDIANA, Pa., April 29, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the first quarter of 2025.

Financial Summary

(dollars in thousands,For the Three Months Ended
except per share data)March 31,听December 31,听March 31,
听听2025听听听2024听听听2024听
Reported Results听听听听听
Net income$32,696听听$35,849听听$37,549听
Diluted earnings per share$0.32听听$0.35听听$0.37听
Return on average assets听1.14%听听1.23%听听1.31%
Return on average equity听9.28%听听10.16%听听11.40%
听听听听听听
Operating Results (non-GAAP)(1)听听听听听
Core net income$32,779听听$36,067听听$37,639听
Core diluted earnings per share$0.32听听$0.35听听$0.37听
Core pre-tax pre-provision net revenue$46,879听听$51,388听听$50,833听
Provision expense$5,736听听$6,490听听$4,238听
Net charge-offs$3,098听听$13,691听听$4,302听
Reserve build/(release)(2)$1,025听听$(7,206)听$1,380听
Core return on average assets (ROAA)听1.14%听听1.23%听听1.31%
Core pre-tax pre-provision ROAA听1.63%听听1.76%听听1.77%
Return on average tangible common equity听13.02%听听14.40%听听16.51%
Core return on average tangible common equity听13.05%听听14.48%听听16.54%
Core efficiency ratio听59.08%听听56.07%听听55.05%
Net interest margin (FTE)听3.62%听听3.54%听听3.52%
听
(1)听Core operating results are a non-GAAP measure used by management to measure performance in operating the business that management believes enhances investors' ability to better understand the underlying business performance and trends related to core business activities. A full reconciliation of non-GAAP financial measures may be found at the end of the financial statements which accompany this release.
(2)听Reserve build/(release) represents the net change in the Company's allowance for credit losses (ACL) from the prior period.
听

First Quarter 2025 Highlights

Financial results

  • GAAP Net income of $32.7 million and diluted earnings per share totaled $0.32, a decrease of $3.2 million, or $0.03 per share from the prior quarter and a decrease of $4.9 million, or $0.05 per share from first quarter of 2024.
    • Core pre-tax pre-provision net revenue (PPNR)(1) totaled $46.9 million, a decrease of $4.5 million from the prior quarter and a decrease of $4.0 million from the first quarter of 2025. The decrease from the prior quarter was primarily as a result of a $2.8 million decrease in noninterest income
  • End of period loans increased $99.0 million, or 4.4% annualized from the previous quarter, driven by a $121.4 million increase in commercial loans offset by a $22.4 million decrease in consumer loans
    • Average loans increased $34.8 million, or 1.6% annualized from the previous quarter
  • End of period deposits increased $183.6 million, or 7.7% annualized from the previous quarter, including a $214.8 million increase in savings deposits and a $24.2 million increase in noninterest bearing deposits, which together offset a $27.9 million decrease in time deposits and a $27.5 million decrease in interest-bearing demand deposits
    • Average deposits increased $58.8 million, or 2.5% annualized from the previous quarter
  • The loan-to-deposit ratio decreased 73 basis points to 92.6% in the first quarter of 2025
  • Net interest income (FTE) of $95.9 million increased $0.4 million from the previous quarter and increased $3.2 million from the first quarter of 2024
  • Noninterest income of $22.5 million decreased $2.8 million from the previous quarter due, in part, to a $1.0 million decrease in gain on sale of Small Business Administration (鈥淪BA鈥�) loans
  • Noninterest expense (excluding merger-related expense) of $71.1 million increased $2.1 million from the previous quarter, due primarily to a $2.4 million increase in salaries and benefits
  • Tangible book value per share increased $0.40, or 16.3% annualized from the previous quarter
    • Total shareholders鈥� equity increased $41.9 million from the previous quarter, due in part to a $21.3 million decrease in unrealized losses in accumulated other comprehensive income (AOCI) from the previous quarter
    • AOCI as a percentage of tangible common equity decreased 240 basis points to 7.63% in the first quarter of 2025

Profitability

  • The net interest margin of 3.62% increased 8 basis points compared to the prior quarter and increased 10 basis points from the first quarter of 2024
  • The core efficiency ratio(1) increased by 301 basis points to 59.08% compared to the prior quarter
  • The core ROAA decreased 9 basis points to 1.14% compared to the prior quarter
  • Core pre-tax pre-provision ROAA(1) of 1.63% for the quarter ended March 31, 2025

Strong capital positions

  • On April 29, 2025, the Board of Directors authorized a 3.9% increase in the quarterly cash dividend to shareholders
  • The Bank-level Total Capital Ratio is 13.6%, which represents $342.0 million in excess capital above the regulatory 鈥渨ell capitalized鈥� requirement of 6.5%
  • There were no shares repurchased in the first quarter of 2025. The remaining capacity under the current program was $6.7 million as of March 31, 2025

Asset quality

  • The total provision for credit losses was $5.7 million, a decrease of $0.8 million from the previous quarter.
  • Reserve build/(release)(2) was $1.0 million, which resulted in reserves to total loans of 1.32%, which is unchanged from the previous quarter
  • Nonperforming loans of $59.4 million decreased $2.1 million from the previous quarter
  • Net charge-offs on loans totaled $3.1 million, a decrease of $10.6 million from the prior quarter; the prior quarter included approximately $8.0 million of net charge-offs for loans specifically reserved for in previous quarters
    • Net charge-offs as a percentage of average loans outstanding (annualized) was 0.14% in the first quarter of 2025, a decrease of 46 basis points from the previous quarter

Franchise Growth

  • The company has received all required shareholder and regulatory approvals for its previously announced acquisition of CenterGroup Financial. This acquisition is expected to be completed on April 30, 2025.

"We are pleased to report a strong start to 2025, with robust growth in the first quarter. Our annualized loan growth of 4.4% reflects good momentum in our commercial lending and indirect auto businesses, while end of period deposits increased by an impressive 7.7% annualized from the prior quarter,鈥� stated T. Michael Price, President and Chief Executive Officer. 鈥淎s we look ahead, I am thrilled to welcome CenterBank鈥檚 employees and customers to the First Commonwealth family, with the acquisition set to close in the coming weeks. This strategic expansion strengthens our presence in Cincinnati and enhances our ability to deliver exceptional financial solutions across these markets."

Earnings

Net income for the first quarter of 2025 was $32.7 million, or $0.32 per share, compared to $35.8 million, or $0.35 per share in the fourth quarter of 2024 and $37.5 million, or $0.37 per share for the first quarter of 2024.

Net Interest Income and Net Interest Margin

Net interest income (FTE) of $95.9 million increased $0.4 million from the previous quarter and increased $3.2 million from the prior year quarter. The increase from the prior quarter was primarily due to a $34.8 million increase in average loans combined with expansion of the net interest margin (NIM).

The NIM for the first quarter of 2025 was 3.62% as compared to 3.54% in the prior quarter and 3.52% in the year ago quarter. The increase from the prior quarter was primarily due to a 10 basis point decrease in the cost of funds that was only partially offset by a 5 basis point decrease in the yield on loans.

Total average deposits grew $58.8 million in the first quarter of 2025 as compared to the previous quarter. Average interest-bearing demand and savings deposits grew $66.1 million and total time deposits increased $33.2 million from the prior quarter. The increase in interest bearing deposits was partially offset by a $40.5 million decrease in average noninterest-bearing deposits.

End of period deposits increased $183.6 million, or 7.7% annualized from the previous quarter, including a $214.8 million increase in savings deposits and a $24.2 million increase in noninterest bearing deposits, which together offset a $27.9 million decrease in time deposits and a $27.5 million decrease in interest-bearing demand deposits.

Asset Quality

Provision for credit losses totaled $5.7 million in the first quarter of 2025 as compared to $6.5 million in the previous quarter. The decrease from the previous quarter was primarily driven by a $10.6 million decrease in net charge-offs. Net charge-offs in the previous quarter included $8.0 million of loans specifically provided for in prior quarters.

The allowance for credit losses (ACL) as a percentage of end-of-period loans was 1.32% in the first quarter which was unchanged from the previous quarter.

At March 31, 2025, nonperforming loans totaled $59.4 million as compared to $61.5 million in the prior quarter and $42.4 million in the first quarter of 2024.

Nonperforming loans represented 0.65% of total loans as of March 31, 2025 as compared to 0.68% and 0.47% for the periods ended December 31, 2024 and March 31, 2024, respectively.

At March 31, 2025, criticized loans totaled $190.5 million, a decrease of $33.7 million from the previous quarter.

During the first quarter of 2025, net charge-offs were $3.1 million, compared to $13.7 million in the prior quarter and $4.3 million in the first quarter of 2024. Net charge-offs in the previous quarter were primarily driven by acquired loans, of which $8.0 million were specifically reserved for in prior periods.

Net charge-offs were 0.14%, 0.61% and 0.19% of average loans (annualized) for the periods ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

Noninterest Income and Noninterest Expense

Noninterest income totaled $22.5 million for the first quarter of 2025, as compared to $25.3 million for the fourth quarter of 2024 and $24.0 million for the first quarter of 2024. There were no material securities gains during the current or comparable quarters.

The $2.8 million decrease from the previous quarter was primarily driven by a $1.4 million gain on a limited partnership and donation of a branch facility in the previous quarter, a $1.0 million decrease in gain on sale of SBA loans and seasonally lower fees due to the number of days in the quarter.

Noninterest expense (excluding merger-related) totaled $71.1 million for the first quarter of 2025, as compared to $69.0 million for the fourth quarter of 2024 and $65.5 million for the first quarter of 2024. The $2.1 million increase from the previous quarter was primarily the result of a $2.4 million increase in salaries and benefits and a $1.0 million increase in occupancy expense due to a $0.7 million increase in snow removal expense. Contributing to the higher salary expense in 2025 was a $1.8 million increase in incentive expense, of which $1.5 million was attributed to finalizing payments related to prior year volumes and performance.

The core efficiency ratio was 59.08% during the first quarter of 2025 as compared to 56.07% in the previous quarter and 55.05% in the first quarter of 2024.

Full time equivalent staff was 1,538, 1,512 and 1,465 at March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

Dividends and Capital

First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.135 per share, which represents a 3.9% increase from the previous quarter. The cash dividend is payable on May 23, 2025 to shareholders of record as of May 9, 2025. This dividend represents a 3.5% projected annual yield utilizing the April 28, 2025 closing market price of $15.31.

First Commonwealth鈥檚 capital ratios for Total, Tier I, Leverage and Common Equity Tier I at March 31, 2025 were 14.7%, 12.9%, 10.7% and 12.2% respectively. First Commonwealth鈥檚 current capital levels exceed the fully phased-in Basel III capital requirements issued by U.S. bank regulators.

Conference Call

First Commonwealth will host a quarterly conference call to discuss its financial results for the first quarter of 2025 on Wednesday, April 30, 2025 at 2:00 PM (ET). The call can be accessed by dialing (toll free) 1-888-330-3181 conference ID # 4651379 or through the company鈥檚 web page, http://www.fcbanking.com/InvestorRelations. A replay of the call will be available approximately one hour following the conclusion of the conference by dialing 1-800-770-2030 and entering the conference ID # 4651379. A link to the webcast replay will also be accessible on the company鈥檚 web.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 125 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Pittsburgh and Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio. The company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit .

Forward-Looking Statements

Certain statements contained in this release that are not historical facts may constitute 鈥渇orward-looking statements鈥� within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥�), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission, in press releases, and in oral and written statements made by us or with our approval that are not statements of historical fact and constitute 鈥渇orward-looking statements鈥� as well. These statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of words such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渆stimate鈥� or words of similar meaning. These forward-looking statements are subject to significant risks, assumptions and uncertainties, and could be affected by many factors, including, but not limited to: (1) volatility and disruption in national and international financial markets; (2) the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board; (3) inflation, interest rate, commodity price, securities market and monetary fluctuations; (4) the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) with which First Commonwealth or its customers must comply; (5) the soundness of other financial institutions; (6) political instability; (7) impairment of First Commonwealth鈥檚 goodwill or other intangible assets; (8) acts of God or of war or terrorism; (9) the timely development and acceptance of new products and services and perceived overall value of these products and services by users; (10) changes in consumer spending, borrowings and savings habits; (11) changes in the financial performance and/or condition of First Commonwealth鈥檚 borrowers; (12) technological changes; (13) acquisitions and integration of acquired businesses; (14) First Commonwealth鈥檚 ability to attract and retain qualified employees; (15) changes in the competitive environment in First Commonwealth鈥檚 markets and among banking organizations and other financial service providers; (16) the ability to increase market share and control expenses; (17) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; (18) the reliability of First Commonwealth鈥檚 vendors, internal control systems or information systems; (19) the costs and effects of legal and regulatory developments, the resolution of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews and the ability to obtain required regulatory approvals; and (20) other risks and uncertainties described in this report and in the other reports that we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K.

In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements in this release. We undertake no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Relations:
Ron Wahl
Communications and Media Relations
Phone: 724-463-6806
E-mail: [email protected]

Investor Relations:
Ryan M. Thomas
Vice President / Finance and Investor Relations
Phone: 724-463-1690
E-mail: [email protected]


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands, except per share data)
听For the Three Months Ended
听March 31,听December 31,听March 31,
听听2025听听听2024听听听2024听
SUMMARY RESULTS OF OPERATIONS听听听听听
Net interest income$95,522听听$95,081听听$92,304听
Provision for credit losses听5,736听听听6,490听听听4,238听
Noninterest income听22,502听听听25,335听听听23,988听
Noninterest expense听71,250听听听69,304听听听65,573听
Net income听32,696听听听35,849听听听37,549听
Core net income (5)听32,779听听听36,067听听听37,639听
Earnings per common share (diluted)$0.32听听$0.35听听$0.37听
Core earnings per common share (diluted) (6)$0.32听听$0.35听听$0.37听
KEY FINANCIAL RATIOS听听听听听
Return on average assets听1.14%听听1.23%听听1.31%
Core return on average assets (7)听1.14%听听1.23%听听1.31%
Return on average assets, pre-provision, pre-tax听1.62%听听1.75%听听1.77%
Core return on average assets, pre-provision, pre-tax听1.63%听听1.76%听听1.77%
Return on average shareholders' equity听9.28%听听10.16%听听11.40%
Return on average tangible common equity (8)听13.02%听听14.40%听听16.51%
Core return on average tangible common equity (9)听13.05%听听14.48%听听16.54%
Core efficiency ratio (2)(10)听59.08%听听56.07%听听55.05%
Net interest margin (FTE) (1)听3.62%听听3.54%听听3.52%
听听听听听听
Book value per common share$14.20听听$13.81听听$13.03听
Tangible book value per common share (11)听10.44听听听10.04听听听9.26听
Market value per common share听15.54听听听16.92听听听13.92听
Cash dividends declared per common share听0.130听听听0.130听听听0.125听
ASSET QUALITY RATIOS听听听听听
Nonperforming loans and leases as a percent of end-of-period loans and leases(3)听0.65%听听0.68%听听0.47%
Nonperforming assets as a percent of total assets (3)听0.52%听听0.55%听听0.38%
Net charge-offs as a percent of average loans and leases (annualized) (4)听0.14%听听0.61%听听0.19%
Allowance for credit losses as a percent of nonperforming loans and leases (4)听201.89%听听193.48%听听280.59%
Allowance for credit losses as a percent of end-of-period loans and leases (4)听1.32%听听1.32%听听1.32%
CAPITAL RATIOS听听听听听
Shareholders' equity as a percent of total assets听12.3%听听12.1%听听11.4%
Tangible common equity as a percent of tangible assets (12)听9.3%听听9.1%听听8.4%
Leverage Ratio听10.7%听听10.6%听听10.2%
Risk Based Capital - Tier I听12.9%听听12.9%听听12.2%
Risk Based Capital - Total听14.7%听听14.6%听听14.3%
Common Equity - Tier I听12.2%听听12.1%听听11.4%
听听听听听听听听听听听听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands, except per share data)
听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听2024听
INCOME STATEMENT听听听
Interest income$147,128听$149,996$145,462听
Interest expense听51,606听听54,915听53,158听
Net Interest Income听95,522听听95,081听92,304听
Provision for credit losses听5,736听听6,490听4,238听
Net Interest Income after Provision for Credit Losses听89,786听听88,591听88,066听
Net securities (losses) gains听(5,142)听1听鈥�听
Gain on VISA exchange听5,146听听鈥�听鈥�听
Trust income听3,022听听3,031听2,727听
Service charges on deposit accounts听5,438听听5,749听5,383听
Insurance and retail brokerage commissions听3,170听听2,654听2,651听
Income from bank owned life insurance听1,502听听1,418听1,294听
Gain on sale of mortgage loans听1,387听听1,645听1,328听
Gain on sale of other loans and assets听1,388听听3,076听2,051听
Card-related interchange income听3,654听听3,923听6,690听
Derivative mark-to-market听(153)听95听12听
Swap fee income听835听听797听鈥�听
Other income听2,255听听2,946听1,852听
Total Noninterest Income听22,502听听25,335听23,988听
Salaries and employee benefits听40,415听听38,025听35,324听
Net occupancy听5,729听听4,769听5,334听
Furniture and equipment听4,193听听4,360听4,480听
Data processing听3,817听听4,039听3,824听
Pennsylvania shares tax听1,337听听1,968听1,202听
Advertising and promotion听1,372听听1,358听1,319听
Intangible amortization听1,131听听1,368听1,264听
Other professional fees and services听1,620听听1,557听1,242听
FDIC insurance听1,379听听1,436听1,613听
Litigation and operational losses听793听听920听997听
Loss on sale or write-down of assets听215听听99听143听
Merger and acquisition听109听听277听114听
Other operating expenses听9,140听听9,128听8,717听
Total Noninterest Expense听71,250听听69,304听65,573听
Income before Income Taxes听41,038听听44,622听46,481听
Income tax provision听8,342听听8,773听8,932听
Net Income$32,696听$35,849$37,549听
听听听听
Shares Outstanding at End of Period听101,927,219听听101,758,450听102,303,974听
Average Shares Outstanding Assuming Dilution听101,859,825听听101,963,018听102,198,899听
听听听听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited听听听听听
(dollars in thousands)
听听听听听听
听March 31,听December 31,听March 31,
听听2025听听听2024听听听2024听
BALANCE SHEET (Period End)听听听听听
Assets听听听听听
Cash and due from banks$118,792听听$105,051听听$77,179听
Interest-bearing bank deposits听22,566听听听28,358听听听233,188听
Securities available for sale, at fair value听1,186,438听听听1,178,577听听听1,049,108听
Securities held to maturity, at amortized cost听519,029听听听405,639听听听464,708听
Loans held for sale听41,587听听听51,991听听听31,895听
听听听听听听
Loans and leases听9,093,140听听听8,983,754听听听8,999,870听
Allowance for credit losses听(119,931)听听(118,906)听听(119,098)
Net loans and leases听8,973,209听听听8,864,848听听听8,880,772听
听听听听听听
Goodwill and other intangibles听382,514听听听383,352听听听385,745听
Other assets听542,263听听听567,120听听听571,813听
Total Assets$11,786,398听听$11,584,936听听$11,694,408听
听听听听听听
Liabilities and Shareholders' Equity听听听听听
Noninterest-bearing demand deposits$2,273,858听听$2,249,615听听$2,334,495听
听听听听听听
Interest-bearing demand deposits听661,094听听听688,596听听听637,908听
Savings deposits听5,204,179听听听4,989,342听听听4,999,822听
Time deposits听1,722,526听听听1,750,466听听听1,474,178听
Total interest-bearing deposits听7,587,799听听听7,428,404听听听7,111,908听
听听听听听听
Total deposits听9,861,657听听听9,678,019听听听9,446,403听
听听听听听听
Short-term borrowings听77,515听听听80,139听听听546,541听
Long-term borrowings听262,679听听听262,985听听听186,490听
Total borrowings听340,194听听听343,124听听听733,031听
听听听听听听
Other liabilities听137,496听听听158,628听听听182,254听
Shareholders' equity听1,447,051听听听1,405,165听听听1,332,720听
Total Liabilities and Shareholders' Equity$11,786,398听听$11,584,936听听$11,694,408听
听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands)
听For the Three Months Ended
听March 31,Yield/December 31,Yield/March 31,Yield/
听听2025Rate听2024Rate听2024Rate
NET INTEREST MARGIN 听听听听
听听听听听听听
Assets听听听听听听
Loans and leases (FTE)(1)(3)$9,068,8725.92%$9,034,0965.97%$8,998,6495.95%
Interest bearing bank deposits听76,8364.72%听58,4695.22%听112,4365.63%
Securities (FTE)(1)听1,600,0473.58%听1,620,8233.43%听1,472,2373.05%
Total Interest-Earning Assets (FTE) (1)听10,745,7555.57%听10,713,3885.58%听10,583,3225.54%
Noninterest-earning assets听934,933听听912,328听听938,121听
Total Assets$11,680,688听$11,625,716听$11,521,443听
听听听听听听听
Liabilities and Shareholders' Equity听听听听听听
Interest-bearing demand and savings deposits$5,769,8982.13%$5,703,7632.22%$5,554,6562.11%
Time deposits听1,763,4924.07%听1,730,2514.32%听1,386,9594.21%
Short-term borrowings听50,7252.88%听98,1134.28%听595,8844.57%
Long-term borrowings听262,8095.00%听252,0645.07%听186,5975.76%
Total Interest-Bearing Liabilities听7,846,9242.67%听7,784,1912.81%听7,724,0962.77%
Noninterest-bearing deposits听2,252,794听听2,293,343听听2,302,338听
Other liabilities听151,957听听144,153听听169,683听
Shareholders' equity听1,429,013听听1,404,029听听1,325,326听
Total Noninterest-Bearing Funding Sources听3,833,764听听3,841,525听听3,797,347听
Total Liabilities and Shareholders' Equity$11,680,688听$11,625,716听$11,521,443听
听听听听听听听
Net Interest Margin (FTE) (annualized)(1)听3.62%听3.54%听3.52%
听听听听听听听听听听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands)听听听
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Loan and Lease Portfolio Detail听听听
Commercial Loan and Lease Portfolio:听听听
Commercial, financial, agricultural and other$1,276,420听$1,250,669听$1,313,898听
Commercial real estate听3,158,440听听3,124,704听听3,090,950听
Equipment finance loans and leases听485,782听听427,320听听279,938听
AG真人官方 estate construction听478,833听听475,367听听520,320听
Total Commercial听5,399,475听听5,278,060听听5,205,106听
听听听听
Consumer Loan Portfolio:听听听
Closed-end mortgages听1,826,760听听1,849,223听听1,913,479听
Home equity lines of credit听488,411听听492,480听听488,793听
AG真人官方 estate construction听9,869听听8,017听听39,047听
Total AG真人官方 Estate - Consumer听2,325,040听听2,349,720听听2,441,319听
听听听听
Auto & RV loans听1,296,567听听1,280,645听听1,277,212听
Direct installment听24,962听听25,935听听26,731听
Personal lines of credit听45,079听听47,313听听46,733听
Student loans听2,017听听2,081听听2,769听
Total Other Consumer听1,368,625听听1,355,974听听1,353,445听
Total Consumer Portfolio听3,693,665听听3,705,694听听3,794,764听
Total Portfolio Loans and Leases听9,093,140听听8,983,754听听8,999,870听
Loans held for sale听41,587听听51,991听听31,895听
Total Loans and Leases$9,134,727听$9,035,745听$9,031,765听
听听听听
听听听听
听March 31,December 31,March 31,
听听2025听听2024听听2024听
ASSET QUALITY DETAIL听听听
Nonperforming Loans and Leases:听听听
Loans and leases on nonaccrual basis$50,536听$45,827听$27,649听
Loans on nonaccrual basis - Centric acquisition听8,869听听15,629听听14,797听
Total Nonperforming Loans and Leases$59,405听$61,456听$42,446听
Other real estate owned ("OREO")听1,270听听895听听368听
Repossessions ("Repos")听621听听792听听1,442听
Total Nonperforming Assets$61,296听$63,143听$44,256听
Loans past due in excess of 90 days and still accruing听1,156听听2,064听听1,699听
Classified loans and leases听88,929听听96,296听听89,284听
Criticized loans and leases听190,510听听224,175听听211,857听
听听听听
Nonperforming assets as a percentage of total loans and leases, plus OREO and Repos (4)听0.67%听0.70%听0.49%
Allowance for credit losses$119,931听$118,906听$119,098听
听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands)
听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Net Charge-offs (Recoveries):听听听
Commercial, financial, agricultural and other$329听$4,102听$2,242听
AG真人官方 estate construction听鈥�听听1,057听听(6)
Commercial real estate听1,308听听6,620听听169听
Residential real estate听(29)听(27)听21听
Loans to individuals听1,490听听1,939听听1,876听
Net Charge-offs$3,098听$13,691听$4,302听
听听听听
Net charge-offs as a percentage of average loans and leases outstanding (annualized) (4)听0.14%听0.61%听0.19%
Provision for credit losses as a percentage of net charge-offs听185.15%听47.40%听98.51%
Provision for credit losses$5,736听$6,490听$4,238听
听听听听听听听听听听
DEFINITIONS AND RECONCILIATION OF NON-GAAP MEASURES
Note: Management believes that it is standard practice in the banking industry to present these non-GAAP measures. These measures provide useful information to management and investors by allowing them to make peer comparisons.
听
(1) Net interest income has been computed on a fully taxable equivalent basis ("FTE") using the federal income tax statutory rate of 21%.听
(2) Core efficiency ratio excludes from total revenue the impact of derivative mark-to-market and excludes from "total noninterest expense" the amortization of intangibles and any other unusual items deemed by management to not be related to normal operations, such as merger, acquisition and severance costs.
(3) Includes held for sale loans.
(4) Excludes held for sale loans.
听


听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听2024听2024听
听听听听
Interest income$听听听听听听听听147,128听听听听听听听听$听听听听听听听听149,996听听听听听听听听$听听听听听听听听145,462听听听听听听听听听
Adjustment to fully taxable equivalent basis (1)听听听听听听听听听335听听听听听听听听听听听听听听听听听354听听听听听听听听听听听听听听听听听323听听听听听听听听听
Interest income adjusted to fully taxable equivalent basis (non-GAAP)听听听听听听听听听147,463听听听听听听听听听听听听听听听听听150,350听听听听听听听听听听听听听听听听听145,785听听听听听听听听听
Interest expense听听听听听听听听听51,606听听听听听听听听听听听听听听听听听54,915听听听听听听听听听听听听听听听听听53,158听听听听听听听听听
Net interest income, (FTE) (1)$听听听听听听听听95,857听听听听听听听听$听听听听听听听听95,435听听听听听听听听$听听听听听听听听92,627听听听听听听听听听
听听听听听听听听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands, except per share data)
听
DEFINITIONS AND RECONCILIATION OF NON-GAAP MEASURES
听听听听
听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
听听听听
Net Income$32,696听$35,849听$37,549听
Intangible amortization听1,131听听1,368听听1,264听
Tax benefit of amortization of intangibles听(238)听(287)听(265)
Net Income, adjusted for tax affected amortization of intangibles$33,589听$36,930听$38,548听
听听听听
Average Tangible Equity:听听听
Total shareholders' equity$1,429,013听$1,404,029听$1,325,326听
Less: intangible assets听382,919听听383,620听听386,040听
Tangible Equity听1,046,094听听1,020,409听听939,286听
Less: preferred stock听鈥�听听鈥�听听鈥�听
Tangible Common Equity$1,046,094听$1,020,409听$939,286听
听听听听
(8)Return on Average Tangible Common Equity听13.02%听14.40%听16.51%
听听听听听听听听听听


听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
听听听听
Core Net Income:听听听
Total Net Income$32,696听$35,849听$37,549听
Net securites gains听(4)听(1)听鈥�听
Tax benefit of net securities gains听1听听鈥�听听鈥�听
Merger and acquisition related expenses听109听听277听听114听
Tax benefit of merger and acquisition related expenses听(23)听(58)听(24)
(5) Core net income$32,779听$36,067听$37,639听
Average Shares Outstanding Assuming Dilution听101,859,825听听101,963,018听听102,198,899听
(6) Core Earnings per common share (diluted)$0.32听$0.35听$0.37听
听听听听
Intangible amortization听1,131听听1,368听听1,264听
Tax benefit of amortization of intangibles听(238)听(287)听(265)
Core Net Income, adjusted for tax affected amortization of intangibles$33,672听$37,148听$38,638听
听听听听
(9) Core Return on Average Tangible Common Equity听13.05%听14.48%听16.54%
听听听听听听听听听听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands, except per share data)
听
DEFINITIONS AND RECONCILIATION OF NON-GAAP MEASURES
听听听听
听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Core Return on Average Assets:听听听
Total Net Income$32,696听$35,849听$37,549听
Total Average Assets听11,680,688听听11,625,716听听11,521,443听
Return on Average Assets听1.14%听1.23%听1.31%
听听听听
Core Net Income (5)$32,779听$36,067听$37,639听
Total Average Assets听11,680,688听听11,625,716听听11,521,443听
(7) Core Return on Average Assets听1.14%听1.23%听1.31%
听听听听听听听听听听


听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Core Efficiency Ratio:听听听
Total Noninterest Expense$71,250听$69,304听$65,573听
Adjustments to Noninterest Expense:听听听
Intangible amortization听1,131听听1,368听听1,264听
Merger and acquisition related听109听听277听听114听
Noninterest Expense - Core$70,010听$67,659听$64,195听
听听听听
Net interest income, (FTE)$95,857听$95,435听$92,627听
Total noninterest income听22,502听听25,335听听23,988听
Net securites gains听(4)听(1)听鈥�听
Total Revenue听118,355听听120,769听听116,615听
听听听听
Adjustments to Revenue:听听听
Derivative mark-to-market听(153)听95听听12听
Total Revenue - Core$118,508听$120,674听$116,603听
听听听听
(10)Core Efficiency Ratio听59.08%听56.07%听55.05%
听听听听听听听听听听


听
听
听
听


FIRST COMMONWEALTH FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL DATA
Unaudited
(dollars in thousands)
听
DEFINITIONS AND RECONCILIATION OF NON-GAAP MEASURES
听听听听
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Tangible Equity:听听听
Total shareholders' equity$1,447,051听$1,405,165听$1,332,720听
Less: intangible assets听382,514听听383,352听听385,745听
Tangible Equity听1,064,537听听1,021,813听听946,975听
Less: preferred stock听鈥�听听鈥�听听鈥�听
Tangible Common Equity$1,064,537听$1,021,813听$946,975听
听听听听
Tangible Assets:听听听
Total assets$11,786,398听$11,584,936听$11,694,408听
Less: intangible assets听382,514听听383,352听听385,745听
Tangible Assets$11,403,884听$11,201,584听$11,308,663听
听听听听
(12)Tangible Common Equity as a percentage of Tangible Assets听9.33%听9.12%听8.37%
听听听听
Shares Outstanding at End of Period听101,927,219听听101,758,450听听102,303,974听
(11)Tangible Book Value Per Common Share$10.44听$10.04听$9.26听


听For the Three Months Ended
听March 31,December 31,March 31,
听听2025听听2024听听2024听
Pre-tax pre-provision net revenue:听听听
Net interest income$95,522听$95,081听$92,304听
Noninterest income听22,502听听25,335听听23,988听
Noninterest expense听71,250听听69,304听听65,573听
Pre-tax pre-provision net revenue$46,774听$51,112听$50,719听
听听听听
Net securites gains$(4)$(1)$鈥�听
Merger and acquisition related expenses听109听听277听听114听
Core pre-tax pre-provision net revenue$46,879听$51,388听$50,833听
听听听听
Net charge-offs$3,098听$13,691听$4,302听

FAQ

What was First Commonwealth's (FCF) earnings per share in Q1 2025?

First Commonwealth reported diluted earnings per share of $0.32 in Q1 2025, down from $0.35 in Q4 2024 and $0.37 in Q1 2024.

How much did First Commonwealth (FCF) increase its dividend in Q1 2025?

First Commonwealth increased its quarterly cash dividend by 3.9% to $0.135 per share, payable on May 23, 2025, representing a 3.5% projected annual yield based on April 28, 2025 closing price of $15.31.

What was First Commonwealth's (FCF) loan growth rate in Q1 2025?

First Commonwealth achieved 4.4% annualized loan growth in Q1 2025, driven by a $121.4 million increase in commercial loans, partially offset by a $22.4 million decrease in consumer loans.

How did First Commonwealth's (FCF) deposit base change in Q1 2025?

Deposits grew by 7.7% annualized in Q1 2025, with savings deposits increasing by $214.8 million and noninterest bearing deposits growing by $24.2 million, while time deposits decreased by $27.9 million.

What is First Commonwealth's (FCF) net interest margin in Q1 2025?

First Commonwealth's net interest margin was 3.62% in Q1 2025, an increase of 8 basis points from the previous quarter and 10 basis points from Q1 2024.

When will First Commonwealth (FCF) complete the CenterGroup Financial acquisition?

First Commonwealth has received all required approvals and expects to complete the acquisition of CenterGroup Financial on April 30, 2025.
Stock FCF logo
First Commonwealth Financial

NYSE:FCF

FCF Rankings

#3015 Ranked by Market Cap
#1020 Ranked by Dividends

FCF Latest News

Jul 29, 2025
First Commonwealth Announces Second Quarter 2025 Earnings; Declares Quarterly Dividend
Jul 9, 2025
First Commonwealth to Host Second Quarter 2025 Earnings Conference Call on Wednesday, July 30, 2025
Jun 9, 2025
First Commonwealth Finalizes Conversion of Cincinnati鈥檚 Former CenterBank
May 1, 2025
First Commonwealth Completes Acquisition of CenterGroup Financial, Inc.
Apr 10, 2025
First Commonwealth to Host First Quarter 2025 Earnings Conference Call on Wednesday, April 30, 2025

FCF Latest SEC Filings

Jul 2, 2025
[Form 4] First Commonwealth Financial Corporation Insider Trading Activity

FCF Stock Data

1.71B
102.71M
1.98%
76.6%
1.39%
Banks - Regional
National Commercial Banks
United States
INDIANA

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