Earnings summaries and quarterly performance for FIRST COMMONWEALTH FINANCIAL CORP /PA/.
Executive leadership at FIRST COMMONWEALTH FINANCIAL CORP /PA/.
T. Michael Price
President and Chief Executive Officer
Brian Sohocki
Executive Vice President and Chief Credit Officer
James Reske
Executive Vice President and Chief Financial Officer
Jane Grebenc
Executive Vice President and Chief Revenue Officer; President, First Commonwealth Bank
Michael McCuen
Executive Vice President and Chief Banking Officer
Norman Montgomery
Executive Vice President, Business Integration Group Manager
Board of directors at FIRST COMMONWEALTH FINANCIAL CORP /PA/.
Aradhna Oliphant
Director
Bart Johnson
Director
David Greenfield
Director
Gary Claus
Director
Jon Gorney
Chair of the Board
Joseph DiVito Jr.
Director
Julie Caponi
Director
Luke Latimer
Director
Ray Charley
Director
Stephen Wolfe
Director
Todd Brice
Director
Research analysts who have asked questions during FIRST COMMONWEALTH FINANCIAL CORP /PA/ earnings calls.
Daniel Tamayo
Raymond James Financial, Inc.
4 questions for FCF
Karl Shepard
RBC Capital Markets
4 questions for FCF
Manuel Navas
D.A. Davidson & Co.
4 questions for FCF
Matthew Breese
Stephens Inc.
4 questions for FCF
Kelly Motta
Keefe, Bruyette & Woods
3 questions for FCF
Frank Schiraldi
Piper Sandler
2 questions for FCF
Charlie Driscoll
Keefe, Bruyette & Woods
1 question for FCF
Dan Cardenas
Janney Montgomery Scott
1 question for FCF
Daniel Cardenas
Janney Montgomery Scott LLC
1 question for FCF
Recent press releases and 8-K filings for FCF.
- First Commonwealth Financial Corporation (FCF) reported strong Q3 2025 financial performance, with return on assets improving to 1.34% and net interest margin expanding 9 basis points to 3.92%.
- The company achieved 4% growth in average deposits and a 7 basis point decline in the cost of deposits to 1.84%, alongside a 5.7% increase in loans.
- Credit quality improved, with non-performing loans declining to 0.91% , despite $5.5 million in charge-offs from a dealer floor plan fraud and $2.8 million from the sale of acquired Center Bank loans. The remaining $16 million floor plan exposure is expected to be largely resolved by year-end.
- FCF repurchased approximately 625,000 shares at an average price of $16.81 in Q3 2025, with $20.7 million remaining in share repurchase authorization for the rest of 2025.
- Management anticipates near-term net interest margin pressure of approximately 5 basis points in Q4 2025 due to expected Fed rate cuts, but projects a recovery to roughly 3.9% in 2026. Expenses are expected to grow by about 3% next year.
- FCF reported Core EPS of $0.39 for Q3 2025, an increase of $0.01 from the previous quarter.
- The net interest margin for Q3 2025 was 3.92%, marking a 9 basis point increase from the previous quarter.
- Total loans increased by $183.7 million, or 5.7% annualized, and average deposits grew by $102.7 million, or 4.0% annualized, from the previous quarter.
- Provision expense was $11.3 million, a $2.4 million increase from the previous quarter (excluding Day-1 non-PCD provision), and net charge-offs increased by $9.5 million to $12.2 million.
- The company repurchased 625,483 shares with an aggregate value of $10.5 million during the quarter.
- First Commonwealth Financial Corporation reported net income of $41.3 million and diluted earnings per share of $0.39 for the third quarter of 2025, an increase of $7.9 million and $0.07 per share, respectively, from the prior quarter.
- The company's net interest margin (FTE) expanded to 3.92% in Q3 2025, an increase of 9 basis points from the previous quarter and 36 basis points from Q3 2024.
- Provision for credit losses increased to $11.3 million in Q3 2025, up from $8.9 million in the previous quarter (excluding acquisition Day-1 non-PCD provision), and net charge-offs totaled $12.2 million, a significant increase of $9.5 million from the prior quarter.
- First Commonwealth declared a common stock quarterly dividend of $0.135 per share, representing a 3.9% increase from Q3 2024, and repurchased 625,483 shares during the third quarter of 2025.
- First Commonwealth Financial Corporation reported GAAP net income of $41.3 million and diluted earnings per share of $0.39 for the third quarter of 2025, an increase from $33.4 million and $0.32 per share in the prior quarter.
- The company's net interest margin (FTE) expanded to 3.92% in Q3 2025, up 9 basis points from the prior quarter and 36 basis points from Q3 2024, while the core efficiency ratio improved to 52.3%.
- The Board of Directors declared a common stock quarterly dividend of $0.135 per share, representing a 3.9% increase from the third quarter of 2024, and the company repurchased 625,483 shares during Q3 2025.
- Asset quality showed nonperforming loans decreasing to $88.7 million at September 30, 2025, a $10.8 million decrease from the previous quarter, although net charge-offs increased to $12.2 million.
Quarterly earnings call transcripts for FIRST COMMONWEALTH FINANCIAL CORP /PA/.
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