First Commonwealth Financial

First Commonwealth Financial Corp. is a financial holding company, which engages in the provision of a diversified array of consumer and commercial banking services through its bank subsidiary, First Commonwealth Bank (FCB). It also offers trust and wealth management services and insurance products through FCB and its other operating subsidiaries. The firm's consumer services include Internet, mobile, and telephone banking, an automated teller machine network, personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit lines with overdraft checking protection, and IRA accounts. Its commercial banking services include commercial lending, small and high-volume business checking accounts, on-line account management services, ACH origination, payroll direct deposit, commercial cash management services and repurchase agreements. The company was founded on November 15, 1982 and is headquartered in Indiana, PA.

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First Commonwealth Financial reports record profitability and robust loan growth

First Commonwealth Financial delivered a strong fourth quarter performance, marked by record profitability and robust loan growth, despite facing challenges in fee income and deposit costs.
The bank's focus on maintaining strong asset quality, expanding its equipment finance business, and enhancing customer relationships positions it well for future growth opportunities.
By leveraging opportunities in acquisitions, regional market growth, and strategic capital allocation, First Commonwealth Financial aims to drive sustainable growth and enhance shareholder value in the coming year.

First Commonwealth Financial beats earnings, eyes strategic growth and stability

First Commonwealth Financial delivered strong performance, exceeding earnings expectations and successfully closing the Centric Bank acquisition.
While facing challenges such as declining non-interest income and rising expenses, the company aims to optimize deposit composition and manage interest rate risks effectively.
Opportunities lie in historical loan growth trends, strategic lending focus areas, and efforts to enhance customer loyalty and deposit flows within the bank.
Overall, the company's cautious approach to share buybacks and strategic deployment of excess cash into securities position it well for future growth and stability.

First Commonwealth Financial beats earnings estimates, eyes acquisition opportunities

First Commonwealth Financial delivered strong financial results in Q2 2023, exceeding earnings expectations and showcasing growth in key income streams.
While facing challenges such as rising noninterest expenses and credit resolution, the company demonstrated resilience and stability in its operations.
With a focus on seizing acquisition opportunities and managing tax implications, First Commonwealth Financial remains optimistic about its future growth trajectory.

First Commonwealth Financial posts solid Q3 results amidst digital growth

First Commonwealth Financial's Q3 2023 showed strong financial performance, driven by digital adoption and improving loan yields. Challenges include slight uptick in auto loan delinquencies and specific reserves for property loans. Opportunities lie in deposit growth, excess cash deployment, and strategic M&A moves.

First Commonwealth Financial posts solid Q4 results amidst digital focus

First Commonwealth Financial delivered solid financial performance in Q4, with strong loan and deposit growth. The company's focus on digital innovation and cautious risk management strategies position it well for future growth.
Challenges lie in fee income decline, potential NIM compression, and managing expenses amidst market uncertainties. However, opportunities in digital expansion, strategic hires, and M&A activities offer avenues for revenue enhancement.
Overall, First Commonwealth Financial's performance reflects resilience and strategic foresight in navigating evolving market dynamics. With a strong core business and focus on customer-centric initiatives, the company is poised for sustainable growth and value creation.

First Commonwealth Financial beats earnings estimates amidst margin pressure

First Commonwealth Financial navigated challenges from net interest margin pressure to exceed earnings estimates.
Operational efficiency and strategic focus on core deposits and loans position the company for future growth.
While facing challenges like fluctuating hospitalization expenses, the company is proactively building reserves and focusing on digital transformation.
Strategic themes for 2024 underscore a commitment to enhancing loan pricing, C&I lending, and digital capabilities.

First Commonwealth Financial reports stable earnings amidst growth opportunities

First Commonwealth Financial's Q3 performance reflects stable core earnings and strong deposit growth.
While facing challenges from elevated expenses and credit impacts, the bank maintains a focus on customer satisfaction and market presence.
Opportunities lie in revenue growth through noninterest income and fee income enhancements, with strategic considerations for future scenarios.
Overall, First Commonwealth Financial navigates challenges with a focus on growth and profitability in a dynamic market environment.

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First Commonwealth Financial Corp. is a holding company, which engages in the provision of consumer and commercial banking services. The firm is also involved in providing trust and wealth management services and offers insurance products. The company was founded on November 15, 1982 and is headquartered in Indiana, PA.

First Commonwealth Financial Corporation (NYSE:FCF ) Q3 2024 Earnings Conference Call October 30, 2024 2:00 PM ET Company Participants Ryan Thomas - VP, Finance & IR Thomas Michael Price - President & CEO James Reske – CFO Jane Grebenc - Bank President & CRO Brian Sohocki - Chief Credit Officer Mike McCuen - Chief Lending Officer Conference Call Participants Daniel Tamayo - Raymond James Karl Shepard – RBC Capital Markets Kelly Motta – KBW Matthew Breese – Stephens Frank Schiraldi - Piper Sandler Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Thank you for standing by and welcome to the First Commonwealth Financial Corporation Third Quarter 2024 Earnings Release Conference Call.

First Commonwealth Financial Corporation (FCF) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for First Commonwealth Financial (FCF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, First Commonwealth Financial (FCF) Q3 Earnings: A Look at Key Metrics

First Commonwealth Financial (FCF) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago.

First Commonwealth Financial (FCF) Misses Q3 Earnings Estimates

INDIANA, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the third quarter of 2024.

First Commonwealth Announces Third Quarter 2024 Earnings; Declares Quarterly Dividend

INDIANA, Pa., Oct. 15, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended September 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian J. Sohocki, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Third Quarter 2024 financial results after the market closes on Tuesday, October 29, 2024.

First Commonwealth to Host Third Quarter 2024 Earnings Conference Call on Wednesday, October 30, 2024

First Commonwealth Financial (FCF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

First Commonwealth Financial (FCF) Upgraded to Strong Buy: What Does It Mean for the Stock?

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First Commonwealth Financial Corporation (NYSE:FCF ) Q2 2024 Earnings Conference Call July 24, 2024 2:00 PM ET Company Participants Ryan Thomas - VP, Finance & IR Mike Price - President & CEO Jim Reske - CFO Jane Grebenc - Bank President & CRO Brian Karrip - Chief Credit Officer Mike McKeon - Chief Lending Officer Conference Call Participants Daniel Tamayo - Raymond James Karl Shepard - RBC Manual Navas - D.A. Davidson Kelly Motta - KBW Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Operator Hello and thank you for standing by.

First Commonwealth Financial Corporation (FCF) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for First Commonwealth Financial (FCF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Commonwealth Financial (FCF) Reports Q2 Earnings: What Key Metrics Have to Say

First Commonwealth Financial (FCF) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.42 per share a year ago.

First Commonwealth Financial (FCF) Q2 Earnings and Revenues Surpass Estimates

INDIANA, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the second quarter of 2024.

First Commonwealth Announces Second Quarter 2024 Earnings; Declares Quarterly Dividend

INDIANA, Pa., July 12, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, July 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended June 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Second Quarter 2024 financial results after the market closes on Tuesday, July 23, 2024.

First Commonwealth to Host Second Quarter 2024 Earnings Conference Call on Wednesday, July 24, 2024

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First Commonwealth Financial Corporation (FCF) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for First Commonwealth Financial (FCF) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Commonwealth Financial (FCF) Reports Q1 Earnings: What Key Metrics Have to Say

INDIANA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the first quarter of 2024.

First Commonwealth Announces First Quarter 2024 Earnings; Increases Quarterly Dividend

INDIANA, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, April 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended March 31, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its First Quarter 2024 financial results before the market opens on Tuesday, April 23, 2024.

First Commonwealth to Host First Quarter 2024 Earnings Conference Call on Wednesday, April 24, 2024

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First Commonwealth Financial Corporation (FCF) Q4 2023 Earnings Call Transcript

The headline numbers for First Commonwealth Financial (FCF) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, First Commonwealth Financial (FCF) Q4 Earnings: A Look at Key Metrics

First Commonwealth Financial (FCF) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.39 per share a year ago.

First Commonwealth Financial (FCF) Q4 Earnings Top Estimates

INDIANA, Pa., Jan. 30, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the fourth quarter and full year of 2023.

First Commonwealth Announces Fourth Quarter and Full Year 2023 Earnings; Declares Quarterly Dividend

INDIANA, Pa., Jan. 16, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, January 31, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended December 31, 2023. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Fourth Quarter 2023 financial results after the market closes on Tuesday, January 30, 2024.

First Commonwealth to Host Fourth Quarter and Full-Year 2023 Earnings Conference Call on Wednesday, January 31, 2024

First Commonwealth Financial (FCF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for First Commonwealth Financial Stock (FCF)