First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of December 31, 2020, the company operated 120 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio; corporate banking centers in Pittsburgh, Pennsylvania, as well as Columbus, Canton, and Cleveland, Ohio; mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake, as well as Lewis Center, Ohio; and 139 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: fcbanking.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $16.00 → $19.00 | Buy → Neutral | Janney |
| 5/19/2023 | $14.00 | Equal-Weight → Overweight | Stephens |
| 2/21/2023 | Outperform → Mkt Perform | Raymond James | |
| 9/29/2022 | $16.00 | Buy | Janney |
| 8/3/2022 | $15.50 | Overweight → Equal-Weight | Stephens |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 1/27/2022 | $19.00 | Neutral → Buy | B. Riley Securities |
| 10/28/2021 | $16.00 → $19.00 | Sector Perform → Outperform | RBC Capital |
| 7/28/2021 | $16.00 | Mkt Perform | Keefe Bruyette |
4 - FIRST COMMONWEALTH FINANCIAL CORP /PA/ (0000712537) (Issuer)
INDIANA, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the third quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Ended For the Nine Months Ended except per share data)September 30, June 30, September 30, September 30, September 30, 2024 2024 2023 2024 2023 Reported Results Net income$32,086 $37,088 $39,231 $106,723 $112,236 Diluted earnings per share$0.31 $0.36 $0.38 $1.04 $1.10 Return on average assets 1.08% 1.28% 1.38% 1.22% 1.37% Return on average equity 9.19% 11.10% 12.46% 10.54% 12.35% Operating Results (non-GAAP)(1)
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 th
INDIANA, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the second quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Ended For the Six Months Endedexcept per share data)June 30, March 31, June 30, June 30, June 30, 2024 2024 2023 2024 2023 Reported Results Net income$37,088 $37,549 $42,781 $74,637 $73,005 Diluted earnings per share$0.36 $0.37 $0.42 $0.73 $0.72 Return on average assets 1.28% 1.31% 1.54% 1.29% 1.36%Return on average equity 11.10% 11.40% 13.90% 11.24% 12.29% Operating Results (non-GAAP)(1) Core net income$
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
INDIANA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the first quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Endedexcept per share data)March 31, December 31, March 31, 2024 2023 2023 Reported Results Net income$37,549 $44,827 $30,224 Diluted earnings per share$0.37 $0.44 $0.30 Return on average assets 1.31% 1.56% 1.17%Return on average equity 11.40% 14.11% 10.56% Operating Results (non-GAAP)(1) Core net income$37,639 $44,964 $45,387 Core diluted earnings per share$0.37 $0.44 $0.45 Core pre-tax pre-provision net revenue$50,833 $55,028 $54,48
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 mar
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. Financial Summary (dollars in thousands,For the Three Months Ended For the Years Endedexcept per share data)December 31, September 30, December 31, December 31, December 31, 2023 2023 2022 2023 2022 Reported Results Net income$44,827 $39,231 $35,733 $157,063 $128,181 Diluted earnings per share$0.44 $0.38 $0.38 $1.54 $1.37 Return on average assets 1.56% 1.38% 1.47% 1.42% 1.34%Return on average equity 14.11% 12.46% 13.61% 12.80% 11.99% Operating Results (non-GAAP)(1)
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
INDIANA, Pa., Oct. 24, 2023 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the third quarter of 2023. Financial Summary (dollars in thousands,For the Three Months Ended For the Nine Months Endedexcept per share data)September 30, June 30, September 30, September 30, September 30, 2023 2023 2022 2023 2022 Reported Results Net income$39,231 $42,781 $33,968 $112,236 $92,448 Diluted earnings per share$0.38 $0.42 $0.36 $1.10 $0.98 Return on average assets 1.38% 1.54% 1.41% 1.37% 1.29%Return on average equity 12.46% 13.90% 12.67% 12.35% 11.47% Operating Results (non-GAAP)(1) Core net
INDIANA, Pa., Oct. 05, 2023 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) announced today that it will host a conference call on Wednesday, October 25, 2023 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended September 30, 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 Third Quarter 2023 financial results after the
INDIANA, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the third quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Ended For the Nine Months Ended except per share data)September 30, June 30, September 30, September 30, September 30, 2024 2024 2023 2024 2023 Reported Results Net income$32,086 $37,088 $39,231 $106,723 $112,236 Diluted earnings per share$0.31 $0.36 $0.38 $1.04 $1.10 Return on average assets 1.08% 1.28% 1.38% 1.22% 1.37% Return on average equity 9.19% 11.10% 12.46% 10.54% 12.35% Operating Results (non-GAAP)(1)
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 th
The law firm of Federman & Sherwood has initiated an investigation into First Commonwealth Federal Credit Union ("First Commonwealth") with respect to their recent data breach. On June 27, 2024, First Commonwealth became aware of an unauthorized cybersecurity incident. First Commonwealth immediately launched an investigation into the matter. The investigation discovered that on June 26, 2024, an unauthorized party may have accessed certain individuals' sensitive personal information. While the investigation is ongoing, First Commonwealth began sending notices to individuals that may be affected. The type of information potentially exposed includes: name, address, Social Security number, dat
INDIANA, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the second quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Ended For the Six Months Endedexcept per share data)June 30, March 31, June 30, June 30, June 30, 2024 2024 2023 2024 2023 Reported Results Net income$37,088 $37,549 $42,781 $74,637 $73,005 Diluted earnings per share$0.36 $0.37 $0.42 $0.73 $0.72 Return on average assets 1.28% 1.31% 1.54% 1.29% 1.36%Return on average equity 11.10% 11.40% 13.90% 11.24% 12.29% Operating Results (non-GAAP)(1) Core net income$
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
INDIANA, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the first quarter of 2024. Financial Summary (dollars in thousands,For the Three Months Endedexcept per share data)March 31, December 31, March 31, 2024 2023 2023 Reported Results Net income$37,549 $44,827 $30,224 Diluted earnings per share$0.37 $0.44 $0.30 Return on average assets 1.31% 1.56% 1.17%Return on average equity 11.40% 14.11% 10.56% Operating Results (non-GAAP)(1) Core net income$37,639 $44,964 $45,387 Core diluted earnings per share$0.37 $0.44 $0.45 Core pre-tax pre-provision net revenue$50,833 $55,028 $54,48
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 mar
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. Financial Summary (dollars in thousands,For the Three Months Ended For the Years Endedexcept per share data)December 31, September 30, December 31, December 31, December 31, 2023 2023 2022 2023 2022 Reported Results Net income$44,827 $39,231 $35,733 $157,063 $128,181 Diluted earnings per share$0.44 $0.38 $0.38 $1.54 $1.37 Return on average assets 1.56% 1.38% 1.47% 1.42% 1.34%Return on average equity 14.11% 12.46% 13.61% 12.80% 11.99% Operating Results (non-GAAP)(1)
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
INDIANA, Pa., Oct. 24, 2023 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) today announced financial results for the third quarter of 2023. Financial Summary (dollars in thousands,For the Three Months Ended For the Nine Months Endedexcept per share data)September 30, June 30, September 30, September 30, September 30, 2023 2023 2022 2023 2022 Reported Results Net income$39,231 $42,781 $33,968 $112,236 $92,448 Diluted earnings per share$0.38 $0.42 $0.36 $1.10 $0.98 Return on average assets 1.38% 1.54% 1.41% 1.37% 1.29%Return on average equity 12.46% 13.90% 12.67% 12.35% 11.47% Operating Results (non-GAAP)(1) Core net
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Keefe, Bruyette & Woods analyst Kelly Motta maintains First Commonwealth (NYSE:FCF) with a Market Perform and raises the price target from $16 to $18.
Piper Sandler analyst Frank Schiraldi maintains First Commonwealth (NYSE:FCF) with a Neutral and raises the price target from $14 to $17.
First Commonwealth (NYSE:FCF) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 14.29 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $120.508 million which beat the analyst consensus estimate of $118.431 million by 1.75 percent. This is a 1.75 percent decrease over sales of $122.652 million the same period last year.
Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion. • MSCI (NYSE:MSCI) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million. • Quest Diagnostics (NYSE:DGX) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion. • Community Bank System (NYSE:CBU) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million. • Herc Hldgs (NYSE:HRI) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million. • JetBlue Airways (NASDAQ:JBLU) is expected to report quarterly loss at $0.52 p
RBC Capital analyst Jon Arfstrom reiterates First Commonwealth (NYSE:FCF) with a Outperform and maintains $17 price target.
S&P Global has revised the prospects of five regional banks in the United States from stable to negative. This downgrade is attributed to the potential risks associated with commercial real estate (CRE). What Happened: The outlooks of First Commonwealth Financial (NASDAQ:FCF), M&T Bank (NYSE:MTB), Synovus Financial (NYSE:SNV), Trustmark (NASDAQ:TRMK), and Valley National Bancorp (NASDAQ:VLY) were downgraded by S&P Global, according to a Reuters report. Their heightened exposure to CRE loans justified this move. The downgrade has sparked concerns amongst investors regarding the banking sector’s stability. “The negative outlook revisions reflect the possibility that stress in CRE markets
Stephens & Co. analyst Matt Breese maintains First Commonwealth (NYSE:FCF) with a Overweight and lowers the price target from $16.5 to $15.5.
Wednesday marks the last chance for investors to receive the next dividend payout from First Commonwealth (NYSE:FCF). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 12.5 cents per share. On Thursday, First Commonwealth will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own FCF as of the end of Wednesday's session are eligible to receive the 12.5
First Commonwealth (NYSE:FCF) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.39 by 12.82 percent. This is a 12.82 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $120.35 million which missed the analyst consensus estimate of $123.59 million by 2.62 percent. This is a 6.86 percent increase over sales of $112.63 million the same period last year.
Companies Reporting Before The Bell • CommVault Systems (NASDAQ:CVLT) is estimated to report quarterly earnings at $0.73 per share on revenue of $208.06 million. • Hubbell (NYSE:HUBB) is expected to report quarterly earnings at $3.57 per share on revenue of $1.32 billion. • ManpowerGroup (NYSE:MAN) is estimated to report quarterly earnings at $1.20 per share on revenue of $4.56 billion. • Corning (NYSE:GLW) is likely to report quarterly earnings at $0.39 per share on revenue of $3.25 billion. • Cambridge (NASDAQ:CATC) is estimated to report quarterly earnings at $0.93 per share on revenue of $38.38 million. • Malibu Boats (NASDAQ:MBUU) is likely to report quarterly earnings at $0.48 pe
Janney downgraded First Commonwealth from Buy to Neutral and set a new price target of $19.00 from $16.00 previously
Stephens upgraded First Commonwealth from Equal-Weight to Overweight and set a new price target of $14.00
Raymond James downgraded First Commonwealth from Outperform to Mkt Perform
Janney initiated coverage of First Commonwealth with a rating of Buy and set a new price target of $16.00
Stephens downgraded First Commonwealth from Overweight to Equal-Weight and set a new price target of $15.50
Raymond James downgraded First Commonwealth from Outperform to Mkt Perform
B. Riley Securities upgraded First Commonwealth from Neutral to Buy and set a new price target of $19.00
RBC Capital upgraded First Commonwealth from Sector Perform to Outperform and set a new price target of $19.00 from $16.00 previously
Keefe Bruyette resumed coverage of First Commonwealth with a rating of Mkt Perform and set a new price target of $16.00
Stephens & Co. initiated coverage of First Commonwealth with a rating of Overweight and set a new price target of $16.50