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First Commonwealth Financial Corp  (NYSE: FCF)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $16.4400 $-0.47 -2.779%
Day's High: $16.75 Week Perf: -4.03 %
Day's Low: $ 16.44 30 Day Perf: 2.49 %
Volume (M): 595 52 Wk High: $ 19.96
Volume (M$): $ 9,785 52 Wk Avg: $15.62
Open: $16.61 52 Wk Low: $12.41



 Market Capitalization (Millions $) 1,684
 Shares Outstanding (Millions) 102
 Employees 1,437
 Revenues (TTM) (Millions $) 457
 Net Income (TTM) (Millions $) 152
 Cash Flow (TTM) (Millions $) 245
 Capital Exp. (TTM) (Millions $) 22

First Commonwealth Financial Corp

First Commonwealth Financial Corporation is a financial holding company that is headquartered in Indiana, Pennsylvania. We provide a diversified array of consumer and commercial banking services through our bank subsidiary, First Commonwealth Bank. We also provide trust and wealth management services and offer insurance products through FCB and our other operating subsidiaries.

FCB is a Pennsylvania bank and trust company. The Bank operated 110 community banking offices throughout western and central Pennsylvania, four community banking offices in Central Ohio, and loan production offices in Akron and Cleveland, Ohio. The largest concentration of our branch offices is located within the greater Pittsburgh metropolitan area in Allegheny, Butler, Washington and Westmoreland counties, while our remaining offices are located in smaller cities, such as Altoona, Johnstown and Indiana, Pennsylvania, and in towns and villages throughout predominantly rural counties. The Bank also operates a network of 116 automated teller machines, or ATMs, at various branch offices and offsite locations. All of our ATMs are part of the NYCE and MasterCard/Cirrus networks, both of which operate nationwide. The Bank is a member of the Allpoint ATM network, which allows surcharge-free access to over 55,000 ATMs. The Bank is also a member of the “Freedom ATM Alliance,” which affords cardholders surcharge-free access to a network of over 670 ATMs in over 50 counties in Pennsylvania, Maryland, New York, West Virginia and Ohio.

Commercial, Financial, Agricultural and Other
Commercial, financial, agricultural and other loans represent term loans used to acquire business assets or revolving lines of credit used to finance working capital. These loans are generally secured by a first lien position on the borrower’s business assets as a secondary source of repayment. The type and amount of the collateral varies depending on the amount and terms of the loan, but generally may include accounts receivable, inventory, equipment or other assets. Loans also may be supported by personal guarantees from the principals of the commercial loan borrowers.

Commercial loans are underwritten for credit-worthiness based on the borrowers’ financial information, cash flow, net worth, prior loan performance, existing debt levels, type of business and the industry in which it operates. Advance rates on commercial loans are generally collateral-dependent and are determined based on the type of equipment, the mix of inventory and the quality of receivables.

Credit risk for commercial loans can arise from a borrower’s inability or unwillingness to repay the loan, and in the case of secured loans, from a shortfall in the collateral value in relation to the outstanding loan balance in the event of a default and subsequent liquidation of collateral. The Company’s Credit Policy establishes loan concentration limits by borrower, geography and industry.

Commercial Real Estate
Commercial real estate loans represent term loans secured by owner-occupied and non-owner occupied properties. Commercial real estate loans are underwritten based on an evaluation of each borrower’s cash flow as the principal source of loan repayment, and are generally secured by a first lien on the property as a secondary source of repayment. Our underwriting process for non-owner occupied properties evaluates the history of occupancy, quality of tenants, lease terms, operating expenses and cash flow. Commercial real estate loans are subject to the same credit evaluation as previously described for commercial loans. Approximately 23%, by principal amount, of our commercial real estate loans involve owner-occupied properties.

For loans secured by commercial real estate, at origination the Company obtains current and independent appraisals from licensed or certified appraisers to assess the value of the underlying collateral. The Company’s general policy for commercial real estate loans is to limit the terms of the loans to not more than 10 years with loan-to-value ratios not exceeding 80% on owner-occupied and income producing properties. For non-owner occupied commercial real estate loans, the loan terms are generally aligned with the property’s lease terms and are generally underwritten with a loan-to-value ratio not exceeding 75%.

Credit risk for commercial real estate loans can arise from economic conditions that could impact market demand, rental rates and property vacancy rates and declines in the collateral value in relation to the outstanding loan balance in the event of a default and subsequent liquidation of collateral.

Real Estate Construction
Real estate construction represents financing for real estate development. The underwriting process for these loans is designed to confirm that the project will be economically feasible and financially viable and is generally conducted as though the Company would be providing permanent financing for the project. Development and construction loans are secured by the properties under development or construction, and personal guarantees are typically obtained as a secondary repayment source. The Company considers the financial condition and reputation of the borrower and any guarantors and generally requires a global cash flow analysis in order to assess the overall financial position of the developer.

Construction loans to residential builders are generally made for the construction of residential homes for which a binding sales contract exists and for which the prospective buyers have been pre-qualified for permanent mortgage financing by either third-party lenders or the Company. These loans are generally for a period of time sufficient to complete construction. The Company no longer provides builder lot development lending.

Credit risk for real estate construction loans can arise from construction delays, cost overruns, failure of the contractor to complete the project to specifications and economic conditions that could impact demand for or supply of the property being constructed.

Residential Real Estate Loans
During the third quarter of 2014, First Commonwealth reentered the residential mortgage business, after a strategic decision in 2005 to discontinue mortgage lending. Residential real estate loans include first lien mortgages used by the borrower to purchase or refinance a principal residence and home equity loans and lines of credit secured by residential real estate. The Company’s underwriting process for these loans determines credit-worthiness based upon debt-to-income ratios, collateral values and other relevant factors.

Credit risk for residential real estate loans can arise from a borrower’s inability or unwillingness to repay the loan or a shortfall in the value of the residential real estate in relation to the outstanding loan balance in the event of a default and subsequent liquidation of the real estate collateral.



   Company Address: 601 Philadelphia Street Indiana 15701 PA
   Company Phone Number: 349-7220   Stock Exchange / Ticker: NYSE FCF


Customers Net Income fell by FCF's Customers Net Profit Margin fell to

-24.95 %

13.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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• View Complete Report
   



Dividend

Gains and Challenges: Insights on First Commonwealths Financial Landscape in 2024,

Published Tue, Jan 28 2025 10:00 PM UTC

Navigating Earnings and Dividends: First Commonwealth Financial Corporation s 2024 PerformanceIndiana, Pa. - On January 28, 2025, First Commonwealth Financial Corporation (NYSE: FCF) released its financial results for the fourth quarter and the entirety of 2024, revealing noteworthy trends and implications for shareholders and investors. As the company declares its quarterly...

Merger and Acquisition

First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc.

Published Wed, Dec 18 2024 9:45 PM UTC

First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc.On December 18, 2024, a significant financial transaction was announced that is poised to reshape the banking landscape in Cincinnati and Indiana. First Commonwealth Financial Corporation (NYSE: FCF), the holding company for First Commonwealth Bank, has sig...

First Commonwealth Financial Corp

Commercial Banks Company Sees Impressive Growth in First Quarter of 2024

First Commonwealth Financial Corporation (NYSE: FCF) recently released its financial results for the first quarter of 2024, reporting a double-digit income increase and moderate revenue growth. During the January to March 31 timeframe, the company's income rose by 23.33% to $0.37 per share, while revenue increased moderately by 2.503% to $112.05 million compared to the same quarter the previous year.
However, the company experienced a decline in revenue and income per share in the fourth quarter. Revenue deteriorated by -8.076% from $121.90 million, and income per share decreased by -8.13% from $0.40 per share. Despite this, First Commonwealth Financial Corporation has outperformed its industry peers in terms of revenue growth, with the rest of the Commercial Banks industry only showing a 1.79% elevation in the same period.

First Commonwealth Financial Corp

First Commonwealth Financial Corp Shines with Impressive 18.101% Revenue Growth in Q4 2023

First Commonwealth Financial Corporation (NYSE: FCF) has recently released its financial results for the fourth quarter and full year of 2023, and the numbers have caught the attention of analysts and investors alike.
One of the most interesting facts from the earnings report is the double-digit revenue growth of 18.101%, reaching $121.90 million in the fourth quarter. This impressive increase in top-line revenue has led to a modest profit growth of 5% to $0.40 per share. While not a significant jump, it is still a positive sign of the company's financial health.

First Commonwealth Financial Corp

First Commonwealth Financial Corp Shines with Impressive 5.56% Profit Growth in Q3 2023, Positioning the Company for Future Success

First Commonwealth Financial Corp (FCF) has reported impressive financial results for the third quarter of 2023, indicating a strong performance and positioning the company for future growth. The company's revenue for the financial interval ending September 30, 2023, stood at $116.70 million, up by 14.017% compared to the previous year. Earnings per share also showed growth, with an increase of 5.56% to $0.38.
Comparing FCF's performance to its industry contemporaries, the company has clearly outperformed its competitors on the top-line facet. While the Commercial Banks industry witnessed a 7.76% revenue advance during the matching time period, FCF achieved a revenue growth of 14.017%. This demonstrates FCF's ability to outshine its peers and capitalize on market opportunities.







First Commonwealth Financial's Segments





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