First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a financial services company with 119 community banking offices in 26 counties throughout western and central Pennsylvania and throughout Ohio, as well as business banking operations in Pittsburgh, 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, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.

Company profile
Ticker
FCF
Exchange
Website
CEO
Thomas Price
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
First Commonwealth Community Development Corporation • First Commonwealth Financial Advisors Incorporated • FraMal Holdings Corporation • Commonwealth Trust Credit Life Insurance Company ...
IRS number
251428528
FCF stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For August 3, 2022
3 Aug 22
Stephens & Co. Downgrades First Commonwealth to Equal-Weight, Announces $15.5 Price Target
3 Aug 22
First Commonwealth's Ex-Dividend Date Is Thursday, Here's What You Need To Know
1 Aug 22
Raymond James Maintains Outperform on First Commonwealth, Raises Price Target to $17
1 Aug 22
Earnings Scheduled For July 26, 2022
26 Jul 22
Analyst ratings and price targets
Current price
Average target
$16.25
Low target
$15.50
High target
$17.00
Stephens & Co.
Downgraded
$15.50
Raymond James
Maintains
$17.00
Investment data
Securities sold
Number of investors
Top 50 of 164 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$59.82M | 157.77K | 161.62K | -2.4 | |
$17.33M | 277.29K | 294.19K | -5.7 | |
$11.67M | 85.32K | 84.88K | +0.5 | |
$11.14M | 830.08K | 752.38K | +10.3 | |
$10.98M | 64.83K | NEW | ||
$6.34M | 231.03K | 231.03K | 0 | |
$6.17M | 219.25K | 165.49K | +32.5 | |
$5.54M | 21.58K | 20.98K | +2.9 | |
$5.49M | 237.48K | 183.79K | +29.2 | |
$4.78M | 36.22K | 31.12K | +16.4 | |
$4.23M | 35.95K | NEW | ||
$3.29M | 54.45K | NEW | ||
$3.22M | 80.37K | NEW | ||
$3.21M | 118.2K | NEW | ||
$3.08M | 22.63K | NEW | ||
$3.08M | 1.41K | 1.38K | +2.8 | |
$3.07M | 35.97K | NEW | ||
$2.32M | 20.56K | 22.52K | -8.7 | |
$2.19M | 4.04K | 4.05K | -0.2 | |
$1.97M | 13.7K | 11.74K | +16.6 | |
$1.88M | 11.14K | 10.99K | +1.4 | |
$1.79M | 7.26K | 7.46K | -2.6 | |
$1.72M | 16.2K | 742 | +2083.8 | |
$1.55M | 6.83K | 6.83K | 0 | |
$1.52M | 50.75K | NEW | ||
$1.52M | 3.14K | 3.22K | -2.5 | |
$1.46M | 11.43K | 11.22K | +1.9 | |
$1.44M | 11.86K | 11.69K | +1.4 | |
$1.44M | 36.56K | 35.65K | +2.5 | |
$1.43M | 8.06K | 8.27K | -2.5 | |
$1.41M | 9.75K | 9.69K | +0.6 | |
$1.35M | 3.59K | 3.59K | -0.3 | |
$1.34M | 6.82K | 6.85K | -0.4 | |
$1.34M | 9.73K | 9.04K | +7.6 | |
$1.31M | 9.24K | 8.13K | +13.8 | |
$1.3M | 13.75K | 13.22K | +4.1 | |
$1.27M | 8.04K | 8.04K | 0 | |
$1.25M | 24.69K | 24.87K | -0.7 | |
$1.24M | 41.7K | NEW | ||
$1.22M | 2.38K | 2.29K | +4.0 | |
$1.19M | 41.44K | NEW | ||
$1.17M | 7K | 7.06K | -0.9 | |
$1.14M | 2.44K | 2.45K | -0.4 | |
$1.1M | 17.43K | 16.95K | +2.9 | |
$1.09M | 3.88K | 3.88K | 0 | |
$1.08M | 4.5K | 4.52K | -0.5 | |
$1.05M | 3.84K | 3.69K | +4.0 | |
$1.03M | 11.25K | 14.07K | -20.0 | |
$992K | 36.74K | NEW | ||
$974K | 6.89K | 6.64K | +3.7 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
9 May 22
13 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Apr 22 | Greenfield David W | Common Stock | Grant | Acquire A | No | No | 13.85 | 2,987 | 41.37K | 46,949 |
26 Apr 22 | Gorney Jon L | Common Stock | Grant | Acquire A | No | No | 13.85 | 2,895 | 40.1K | 33,718 |
26 Apr 22 | Charley Ray T | Common Stock | Grant | Acquire A | No | No | 13.85 | 2,987 | 41.37K | 309,174 |
26 Apr 22 | Oliphant Aradhna M | Common Stock | Grant | Acquire A | No | No | 13.85 | 2,987 | 41.37K | 10,309 |
26 Apr 22 | Wolfe Stephen A | Common Stock | Grant | Acquire A | No | No | 13.85 | 2,987 | 41.37K | 16,606 |
Institutional ownership, Q1 2022
78.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 199 |
Opened positions | 28 |
Closed positions | 22 |
Increased positions | 56 |
Reduced positions | 76 |
13F shares | Current |
---|---|
Total value | 972.36M |
Total shares | 64.13M |
Total puts | 65.8K |
Total calls | 34.2K |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 13.99M | $212.15M |
Vanguard | 10.43M | $158.16M |
Dimensional Fund Advisors | 6.19M | $93.89M |
STT State Street | 4.61M | $69.92M |
Charles Schwab Investment Management | 1.98M | $29.98M |
JPM JPMorgan Chase & Co. | 1.93M | $29.32M |
Geode Capital Management | 1.65M | $25.05M |
NTRS Northern Trust | 1.43M | $21.64M |
Fuller & Thaler Asset Management | 1.37M | $20.84M |
BK Bank Of New York Mellon | 1.28M | $19.47M |
Financial report summary
?Management Discussion
- For the three months ended March 31, 2022, First Commonwealth had net income of $27.7 million, or $0.29 diluted earnings per share, compared to net income of $39.8 million, or $0.41 diluted earnings per share, in the three months ended March 31, 2021. The decrease in net income was primarily the result of a $2.0 million provision for credit losses recognized during the three months ended March 31, 2022 compared to a negative provision of $4.4 million recognized in the same period in 2021. Additionally, noninterest income decreased $3.4 million and noninterest expense increased $3.9 million during the three months ended March 31, 2022 compared to the same period in 2021.
- For the three months ended March 31, 2022, the Company’s return on average equity was 10.15% and its return on average assets was 1.18%, compared to 14.98% and 1.77%, respectively, for the three months ended March 31, 2021.
- Net interest income, on a fully taxable equivalent basis, was $68.4 million in the first three months of 2022, compared to $69.8 million for the same period in 2021. The decrease in net interest income can be attributed to a 30 basis point decrease in the yield on interest-earning assets, partially offset by a 12 basis point decrease in the cost of interest-bearing liabilities and a $391.2 million increase in interest-earning assets. Net interest income comprises the majority of our operating revenue (net
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
bearing, chain, concession, creditor, cyber, difficulty, epidemic, foregoing, global, history, index, interruption, intervention, invasion, Local, magnitude, nonpayment, occurrence, Ohio, organization, paydown, peer, refinancing, removed, replaced, replacement, runoff, Russia, single, speak, structure, supply, thereof, travel, Ukraine, unanticipated, vintage
Removed:
adjustable, agency, agriculture, amended, build, CECL, combined, commodity, complying, consolidation, declined, defer, elevated, eleven, emergency, ending, forbearance, fourth, granted, harbor, joint, meeting, October, offering, page, payoff, publicly, recent, reliance, remain, revise, safe, salary, support, target, temporary, transferred, undue, unpredictable
Financial reports
Current reports
8-K
2022 FY
First Commonwealth Announces Second Quarter 2022 Earnings; Declares Quarterly Dividend
26 Jul 22
8-K
2022 FY
Submission of Matters to a Vote of Security Holders
28 Apr 22
8-K
2022 FY
First Commonwealth Announces First Quarter 2022 Earnings; Increases Quarterly Dividend
26 Apr 22
8-K
2021 FY
First Commonwealth Announces Fourth Quarter and Full Year 2021 Earnings; Declares Quarterly Dividend
25 Jan 22
8-K
2021 FY
Departure of Directors or Certain Officers
29 Oct 21
8-K
2021 FY
First Commonwealth Announces Third Quarter 2021 Earnings; Declares Quarterly Dividend and Authorization of a $25 Million Share Repurchase Program
27 Oct 21
8-K
2021 FY
First Commonwealth Announces Second Quarter 2021 Earnings; Declares Quarterly Dividend
27 Jul 21
8-K
2021 FY
Submission of Matters to a Vote of Security Holders
3 May 21
8-K
2021 FY
First Commonwealth Announces First Quarter 2021 Earnings; Increases Quarterly Dividend
27 Apr 21
8-K
2021 FY
First Commonwealth Announces Planned Retirement of David S. Dahlmann as Chair of the Board; Jon L. Gorney to be Elected Board Chair
25 Mar 21
Registration and prospectus
S-8
Registration of securities for employees
15 May 20
S-3ASR
Automatic shelf registration
8 Aug 18
424B7
Prospectus with selling stockholder info
11 May 18
D
$41.56M in equity, sold $41.56M, 2 investors
9 May 18
424B3
Prospectus supplement
26 Jan 17
425
Business combination disclosure
22 Jan 17
S-4/A
Registration of securities issued in business combination transactions (amended)
5 Jan 17
S-4
Registration of securities issued in business combination transactions
17 Nov 16
425
Business combination disclosure
26 Oct 16
Proxies
DEFA14A
Additional proxy soliciting materials
16 Mar 22
DEFA14A
Additional proxy soliciting materials
17 Mar 21
DEFA14A
Additional proxy soliciting materials
31 Mar 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEFA14A
Additional proxy soliciting materials
14 Mar 19
DEF 14A
Definitive proxy
14 Mar 18
Other
EFFECT
Notice of effectiveness
24 Jan 17
CORRESP
Correspondence with SEC
22 Jan 17
CORRESP
Correspondence with SEC
5 Jan 17
UPLOAD
Letter from SEC
11 Dec 16
UPLOAD
Letter from SEC
14 Oct 14
CORRESP
Correspondence with SEC
5 Oct 14
UPLOAD
Letter from SEC
22 Sep 14
EFFECT
Notice of effectiveness
11 Apr 10
EFFECT
Notice of effectiveness
9 Mar 10
UPLOAD
Letter from SEC
9 Sep 09
Ownership
13F-HR
Quarterly holdings report by institutional manager
12 Aug 22
13F-HR
Quarterly holdings report by institutional manager
13 May 22
4
FIRST COMMONWEALTH FINANCIAL / Bart E Johnson ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / Stephen A Wolfe ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / RAY T CHARLEY ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / ARADHNA M OLIPHANT ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / JON L GORNEY ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / DAVID W GREENFIELD ownership change
28 Apr 22
4
FIRST COMMONWEALTH FINANCIAL / BRIAN G KARRIP ownership change
23 Feb 22
4
FIRST COMMONWEALTH FINANCIAL / Leonard V Lombardi ownership change
23 Feb 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
27 Apr 22
2021 Q4
Earnings call transcript
27 Jan 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
29 Apr 20
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