First Commonwealth Financial Corp FCF

FinancialsBanking ServicesUnited States of America

Last close 21.02 USD on Nov 1, 2026, +27.2% year to date

Quant rating

Quant rating B Rank 201 of 799 in Financials

Growth B 126 of 799
Valuation C 435 of 799
Quality B 281 of 799
Revisions C 330 of 799
Momentum B 236 of 799

Wall Street consensus Buy (2.29)Average target 23.93 USD +13.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.0B
Enterprise value: 2.2B
52-week range: 15.01 – 22.33
3-year range: 12.25 – 22.33
Dividend yield: 2.67%
Beta (5 years): 0.72
Shares outstanding: 96.9M
Next earnings: Jan 27, 2027

About the company

First Commonwealth Financial Corporation is a financial holding company. The Company’s operating subsidiaries include First Commonwealth Bank (the Bank), First Commonwealth Insurance Agency, Inc. (FCIA) and FRAMAL. It provides a diversified array of consumer and commercial banking services through its subsidiary, FCB. It also provides trust and wealth management services through FCB and offers insurance products through FCIA. Its consumer services include Internet, mobile and telephone banking, an automated teller machine network, personal checking accounts, savings accounts, health savings accounts, insured money market accounts, debit cards, investment certificates, mortgage loans, and others. The Bank operates through approximately 126 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Canfield, Canton, Hudson, Independence and Lewis Center, Ohio and Pittsburgh and Berwyn Pennsylvania.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	633	600	530	330	294	–
Revenue growth	5.4%	13.3%	60.6%	12.3%	−2.4%	16.0%
EPS (basic, normalized)	1.48	1.37	1.60	1.36	1.40	–
EPS growth	8.1%	−14.3%	17.8%	−3.1%	77.9%	13.5%
Gross margin	–	–	–	–	–	–
Net margin	24.1%	23.7%	29.6%	38.8%	47.1%	32.7%
ROE	10.3%	10.4%	12.8%	12.0%	12.7%	11.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	13.4%
Long-term debt (mil)	122
Net debt (mil)	–
Total equity (mil)	1,484
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	633	+5.4%	3.5x	15.11	+7.9%	1.4x	1.47	+5.8%	14.3x
2026	559	−11.7%	4.0x	15.87	+5.0%	1.3x	1.73	+17.5%	12.2x
2027	592	+6.0%	3.8x	17.23	+8.5%	1.2x	1.98	+14.4%	10.6x
2028	622	+5.0%	3.6x	18.39	+6.8%	1.1x	2.16	+9.4%	9.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	559	+0.4%	+0.3%	+0.2%	1.73	0.0%	0.0%	−0.2%
2027	592	+0.7%	+0.4%	+0.2%	1.98	+1.3%	+0.3%	+0.7%
2028	622	−1.3%	–	–	2.16	+0.5%	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	116	119	121	120	118	131	136	138	134	139
Sales mean (mil)	120	118	119	120	117	126	136	136	134	137
Surprise	−3.0%	+0.7%	+1.5%	+0.6%	+0.4%	+4.1%	+0.2%	+1.7%	−0.7%	+1.4%
EPS reported	0.37	0.36	0.31	0.35	0.32	0.32	0.39	0.43	0.37	0.43
EPS mean	0.36	0.35	0.36	0.35	0.32	0.34	0.41	0.42	0.40	0.42
Surprise	+2.7%	+2.3%	−12.9%	−0.4%	−0.4%	−4.5%	−4.9%	+3.4%	−7.7%	+1.6%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
FCF First Commonwealth Financial Corp	2.0B	13.4%	24.1%	1.09x	12.2x	10.6x	1.3x	1.2x
CFG Citizens Financial Group Inc	26.7B	11.6%	17.5%	1.30x	12.0x	9.8x	1.1x	1.1x
BPOP Popular, Inc.	9.8B	16.1%	22.0%	1.72x	9.7x	8.8x	1.5x	1.4x
VLY Valley National Bancorp	7.8B	11.4%	17.6%	1.05x	10.9x	9.3x	1.0x	0.9x
FNB FNB Corp	6.3B	11.4%	24.3%	1.13x	10.6x	9.6x	0.9x	0.8x
EBC Eastern Bankshares Inc	5.1B	13.0%	7.6%	1.12x	11.9x	10.4x	1.2x	1.1x
Mean		12.8%	18.8%	1.24x	11.2x	9.8x	1.2x	1.1x
Median		12.3%	19.8%	1.12x	11.4x	9.7x	1.2x	1.1x

Technical analysis

1M+2.1%
3M−1.1%
1Y+32.0%
3Y+93.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, First Commonwealth Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	633	600	530	330	294	301
Total interest expense	207	222	144	17.7	15.3	32.9
Net interest income	426	379	386	312	279	268
Loan loss provision	36.7	29.2	14.8	21.1	−1.4	56.7
Net interest income after loan loss provision	389	350	371	291	280	212
Non-interest income	96.8	99.2	96.6	98.7	107	94.5
Non-interest expense	−295	−271	−270	−230	−214	−216
Net income before taxes	191	178	198	160	173	90.2
Provision for taxes	39.1	35.6	40.5	32.0	34.6	16.8
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	152	143	157	128	138	73.4
Extraordinary items	–	–	–	–	–	0
Net income	152	143	157	128	138	73.4
Basic weighted average shares (mil)	103	102	102	93.6	95.6	97.5
Diluted weighted average shares (mil)	104	102	102	93.9	95.8	97.8
Basic EPS excluding extraordinary items	1.48	1.40	1.55	1.37	1.45	0.75
Basic EPS, normalized	1.48	1.37	1.60	1.36	1.40	0.79

Balance sheet in millions of USD, fiscal years

Balance sheet, First Commonwealth Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	103	105	125	124	84.7	100
Other earning assets	1,920	1,665	1,542	1,292	1,925	1,495
Net loans	9,382	8,865	8,851	7,539	6,747	6,660
Property, plant & equipment	114	116	121	115	121	126
Goodwill	378	364	364	303	303	303
Intangibles	22.0	19.6	22.8	9.2	11.2	13.5
Long-term investments	–	–	–	–	–	–
Other long-term assets	–	–	–	–	–	–
Other assets	423	451	433	422	354	371
Total assets	12,343	11,585	11,459	9,806	9,545	9,068
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	42.6	44.7	49.3	45.1	44.8	46.8
Total deposits	10,251	9,678	9,192	8,005	7,982	7,439
Other bearing liabilities	255	185	567	290	5.6	56.3
Short-term borrowings	23.0	25.1	34.8	87.7	138	117
Current portion of long-term debt	3.7	4.3	4.9	5.4	5.9	6.4
Long-term debt	128	128	178	171	171	171
Minority interest	–	–	–	–	–	–
Other liabilities	85.4	114	119	149	87.8	163
Total liabilities	10,789	10,180	10,145	8,754	8,436	7,999
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	127	124	124	114	114	114
Additional paid-in capital	676	631	630	497	496	495
Retained earnings (accumulated deficit)	1,068	971	881	775	691	597
Treasury stock	−251	−218	−209	−196	−183	−154
Other equity	−64.6	−103	−112	−138	−8.8	17.2
Total equity	1,554	1,405	1,314	1,052	1,109	1,069
Total liabilities & shareholders' equity	12,343	11,585	11,459	9,806	9,545	9,068

Cash flow statement in millions of USD, fiscal years

Cash flow statement, First Commonwealth Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	152	143	157	128	138	73.4
Depreciation, depletion & amortization	6.6	5.7	4.1	10.6	11.4	11.7
Deferred taxes	3.0	3.4	6.8	−2.0	1.4	−8.2
Non-cash items	−20.5	−18.6	−13.3	−14.8	−23.6	−18.9
Changes in working capital	46.1	−3.6	−4.0	29.5	37.5	47.7
Cash from operations	188	129	151	151	165	106
Investing activities
Capital expenditures	−16.1	−15.5	−22.0	−11.2	−10.6	−7.6
Other investing cash flows	−372	−106	−552	−578	−555	−476
Cash from investing	−388	−122	−574	−589	−565	−483
Financing activities
Financing cash flow items	295	486	431	23.0	544	761
Cash dividends paid	−55.5	−52.6	−50.8	−44.6	−43.6	−43.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	8.1	−454	36.4	218	−61.3	−106
Cash from financing	248	−21.3	416	196	439	612
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	47.0	−13.6	−7.3	−241	38.8	235
Free cash flow	171	114	129	140	154	98.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.