FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF) financial statements: income statement, balance sheet and cash flow

FIRST COMMONWEALTH FINANCIAL CORP /PA/'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.

Income statement

FIRST COMMONWEALTH FINANCIAL CORP /PA/ income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Interest and fees on loans and leases$572.7M$541.3M$490.7M$302.2M
Taxable interest$54.3M$47.6M$26.3M$24.7M
Interest exempt from federal income taxes$363.0K$419.0K$457.0K$479.0K
Dividends$2.7M$2.1M$3.0M$877.0K
Interest on bank deposits$2.7M$9.1M$9.5M$1.7M
Total interest income$632.7M$600.5M$530.0M$330.0M
Interest on deposits$190.1M$191.0M$112.4M$6.7M
Interest on short-term borrowings$3.5M$20.4M$21.7M$2.0M
Interest on subordinated debentures$7.4M$8.5M$9.8M$8.6M
Interest on other long-term debt$5.5M$1.4M$170.0K$198.0K
Interest Expense, Lessee, Assets under Capital Lease$160.0K$184.0K$205.0K$226.0K
Total interest expense$206.6M$221.6M$144.3M$17.7M
Net Interest Income$426.1M$378.9M$385.7M$312.2M
Provision for credit losses$33.0M$29.2M$4.2M$21.1M
Provision for credit losses - acquisition day 1 non-PCD$3.8M$0$10.7M—
Net Interest Income after Provision for Credit Losses$389.4M$349.7M$370.9M$291.1M
Net securities losses($4.3M)($5.4M)——
Equity Securities, FV-NI, Gain (Loss)$5.1M$5.7M——
Trust income$12.9M$11.8M$10.5M$10.5M
Service charges on deposit accounts$22.8M$22.5M$21.4M$19.6M
Insurance and retail brokerage commissions$12.7M$11.5M$9.6M$8.9M
Income from bank owned life insurance$6.9M$6.4M$4.9M$5.5M
Gain on sale of mortgage loans$7.3M$5.8M$4.0M$5.3M
Gain on sale of other loans and assets($6.9M)($9.1M)($6.7M)($6.0M)
Card-related interchange income$15.6M$21.9M$28.6M$27.6M
Derivative, Gain (Loss) on Derivative, Net($126.0K)($46.0K)$14.0K$368.0K
Swap Fee Income$1.5M$885.0K$1.5M$4.7M
Other income$9.6M$9.1M$9.4M$10.3M
Total noninterest income$96.8M$99.2M$96.6M$98.7M
Salaries and employee benefits$164.0M$149.3M$142.9M$126.0M
Net occupancy$20.7M$19.8M$19.2M$18.0M
Furniture and equipment$18.2M$17.5M$17.3M$15.6M
Data processing$16.4M$15.6M$15.0M$13.9M
Advertising and promotion$6.4M$5.5M$5.7M$5.0M
Pennsylvania shares tax4.5M5.4M4.4M4.4M
Intangible amortization$5.5M$5.0M$5.0M$3.2M
Other professional fees and services$6.9M$5.5M$5.9M$4.9M
FDIC insurance$6.1M$6.0M$6.3M$2.9M
Asset Impairment Charges$654.0K$451.0K$204.0K$343.0K
Litigation and operational losses$2.9M$4.6M$4.6M$2.8M
Amortization of Debt Issuance Costs$0$369.0K——
Merger and acquisition related$4.4M$391.0K$9.0M$1.7M
Other operating expenses$38.2M$35.4M$34.4M$30.7M
Total noninterest expense$294.8M$270.7M$269.9M$229.6M
Income before income taxes$191.4M$178.2M$197.6M$160.2M
FIRST COMMONWEALTH FINANCIAL CORP /PA/ income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Interest and fees on loans$142.7M$141.9M$147.7M$143.0M
Taxable interest$14.5M$12.7M$13.6M$14.4M
Interest exempt from federal income taxes$87.0K$86.0K$90.0K$91.0K
Dividends$537.0K$613.0K$786.0K$694.0K
Interest on bank deposits$1.5M$2.0M$491.0K$721.0K
Total interest income$159.3M$157.2M$162.7M$158.9M
Interest on deposits$44.9M$45.5M$47.0M$47.9M
Interest on short-term borrowings$146.0K$169.0K$1.3M$1.5M
Interest on subordinated debentures$1.8M$1.8M$1.9M$1.8M
Interest on other long-term debt$0$798.0K$1.4M$1.4M
Interest on lease obligations$34.0K$36.0K$39.0K$41.0K
Total interest expense$46.9M$48.2M$51.6M$52.7M
Net Interest Income$112.4M$109.0M$111.1M$106.2M
Provision for credit losses - portfolio$8.9M$10.7M$11.3M$8.9M
Provision for credit losses - acquisition day 1 non-PCD$0—$0—
Net Interest Income after Provision for Credit Losses$103.5M$98.2M$99.8M$93.6M
Gain Losses Maturities And Impairment$311.0K$229.0K$369.0K$0
Gain (Loss) on Equity Securities$0$0$0$0
Trust income$3.6M$3.4M$3.5M$3.0M
Service charges on deposit accounts$5.7M$5.5M$5.9M$5.6M
Insurance and retail brokerage commissions$3.1M$3.3M$3.5M$3.1M
Income from bank owned life insurance$2.1M$1.8M$1.7M$1.9M
Gain on sale of mortgage loans$2.3M$2.2M$2.1M$1.8M
Gain on sale of other loans and assets$2.0M$2.2M$1.1M$2.2M
Amortization of Debt Discount (Premium)$806.0K———
Card-related interchange income$4.0M$3.7M$4.0M$4.0M
Derivatives mark to market$95.0K($6.0K)$2.0K$0
Swap fee income$383.0K$122.0K$243.0K$439.0K
Other income$2.5M$2.2M$2.4M$2.6M
Total noninterest income$27.0M$24.6M$24.9M$24.7M
Salaries and employee benefits$42.7M$42.9M$40.7M$40.6M
Net occupancy expense$5.0M$5.6M$5.1M$4.9M
Furniture and equipment expense$4.2M$4.8M$4.4M$4.5M
Data processing expense$4.2M$4.2M$4.3M$4.1M
Advertising and promotion$1.4M$1.7M$1.9M$1.5M
Intangible amortization$1.5M$1.3M$1.3M$1.3M
Intangible amortization$1.3M$1.4M$1.6M$1.3M
Other professional fees and services$1.6M$1.1M$1.8M$1.9M
FDIC insurance$1.1M$1.6M$1.7M$1.6M
Loss on sale or write-down of assets$86.0K$567.0K$87.0K$71.0K
Litigation and operational losses$776.0K$857.0K$582.0K$470.0K
Business Combination, Integration-Related Cost, Expense($106.0K)($117.0K)($165.0K)($4.0M)
Other Noninterest Expense$10.1M$9.5M$9.2M$10.1M
Total noninterest expense$74.2M$75.6M$72.8M$76.3M
Income Before Income Taxes$56.3M$47.2M$51.8M$42.1M

Balance sheet

FIRST COMMONWEALTH FINANCIAL CORP /PA/ balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$103.3M$105.1M$125.4M$124.3M
Interest-bearing bank deposits$77.1M$28.4M$21.6M$30.0M
Securities available for sale, at fair value($1.0B)($1.1B)($1.0B)($762.7M)
Debt Securities, Held-to-maturity, Fair Value$470.7M$336.7M$350.6M$386.2M
Securities held to maturity, at amortized cost, (Fair value $470,665 at December 31, 2025 and $336,719 at December 31, 2024)$519.4M$405.6M$419.0M$461.2M
Other investments$38.3M$31.0M$50.9M$26.4M
Loans held for sale (Includes fair value of $46,071 at December 31, 2025 and $50,110 at December 31, 2024)$271.5M$52.0M$29.8M$11.9M
Portfolio loans and leases$9.5B$9.0B$9.0B$7.6B
Allowance for credit losses($125.8M)($118.9M)($117.7M)($102.9M)
Net loans and leases$9.4B$8.9B$8.9B$7.5B
Premises and equipment, net$114.3M$116.1M$121.0M$115.1M
Other real estate owned$990.0K$895.0K$422.0K$534.0K
Goodwill$378.2M$363.7M$363.7M$303.3M
Amortizing intangibles, net$22.0M$19.6M$22.8M$9.2M
Bank owned life insurance$233.2M$229.6M$228.5M$222.7M
Other assets$188.4M$220.5M$204.3M$199.3M
Total assets$12.3B$11.6B$11.5B$9.8B
Noninterest-bearing$2.4B$2.2B$2.4B$2.7B
Interest-bearing$7.9B$7.4B$6.8B$5.3B
Total deposits$10.3B$9.7B$9.2B$8.0B
Short-term borrowings$148.0M$80.1M$597.8M$372.7M
Subordinated debentures$128.5M$128.3M$177.7M$170.9M
Other long-term debt$129.6M$130.4M$4.1M$4.9M
Capital lease obligation$3.7M$4.3M$4.9M$5.4M
Total long-term debt$261.7M$263.0M$186.8M$181.2M
Other liabilities$128.0M$158.6M$168.3M$194.2M
Total liabilities$10.8B$10.2B$10.1B$8.8B
Preferred stock, shares authorized (in shares)3.0M3.0M3.0M3.0M
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued$0.00$0.00$0.00$0.00
Common stock, $1 par value per share, 200,000,000 shares authorized; 126,599,991 and 123,603,380 shares issued as of December 31, 2025 and 2024, respectively; and 102,840,771 and 101,758,450 shares outstanding at December 31, 2025 and 2024, respectively$126600000.00$123603000.00$123603000.00$113915000.00
Additional paid-in capital$675.7M$631.4M$630.2M$497.4M
Retained earnings$1.1B$971.1M$881.1M$774.9M
Accumulated other comprehensive (loss) income, net($64.6M)($102.5M)($111.8M)($137.7M)
Treasury Stock, Common, Shares23.8M21.8M21.5M—
Treasury stock (23,759,220 and 21,844,930 shares at December 31, 2025 and 2024, respectively)-251.3M-218.4M-208.8M-196.4M
Total shareholders’ equity$1.6B$1.4B$1.3B$1.1B
Total liabilities and shareholders’ equity$12.3B$11.6B$11.5B$9.8B
Common stock, shares issued (in shares)126.6M123.6M123.6M113.9M
Common stock, shares authorized (in shares)200.0M200.0M200.0M200.0M
Common stock, shares outstanding (in shares)102.8M101.8M102.1M93.4M
Loans Held for Sale, Fair Value$46.1M———
FIRST COMMONWEALTH FINANCIAL CORP /PA/ balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$110.3M$118.1M$117.2M$121.1M
Interest-bearing bank deposits$69.3M$224.8M$44.2M$39.1M
Securities available for sale, at fair value$1.1B$1.0B$1.1B$1.1B
Debt Securities, Held-to-maturity, Noncurrent$574.5M$577.3M$479.9M$498.0M
Other investments$34.4M$28.9M$41.5M$41.6M
Loans Receivable Held-for-sale, Net$44.8M$31.6M$62.6M$43.0M
Portfolio loans$9.5B$9.4B$9.7B$9.6B
Allowance for credit losses($127.4M)($129.2M)($129.6M)($133.0M)
Net loans$9.3B$9.3B$9.6B$9.4B
Premises and equipment, net$113.0M$113.8M$116.5M$117.2M
Other real estate owned$2.3M$221.0K$853.0K$1.0M
Goodwill$378.2M$378.2M$378.2M$378.7M
Amortizing intangibles, net$20.1M$21.0M$22.6M$23.9M
Bank owned life insurance$234.2M$234.9M$231.5M$230.5M
Other assets$194.7M$186.5M$197.6M$193.5M
Total assets$12.2B$12.3B$12.3B$12.2B
Noninterest-bearing$2.4B$2.4B$2.4B$2.3B
Interest-bearing$7.8B$8.0B$7.8B$7.8B
Total deposits$10.3B$10.4B$10.2B$10.1B
Capital Lease Obligations$3.4M$3.6M$3.9M$4.0M
Short-term borrowings$137.9M$22.9M$149.6M$225.9M
Subordinated debentures$121.7M$128.5M$128.4M$128.4M
Other long-term debt$0$0$129.8M$130.0M
Total long-term debt$125.1M$132.1M$262.1M$262.4M
Other liabilities$115.6M$145.1M$125.6M$126.6M
Total liabilities$10.6B$10.7B$10.8B$10.7B
Preferred stock, $1 par value per share, 3,000,000 shares authorized, none issued$0.00$0.00$0.00$0.00
Common Stock, Value, Issued$126.6M$126.6M$126.6M$126.6M
Additional paid-in capital$676.8M$676.4M$676.1M$676.1M
Retained earnings$1.1B$1.1B$1.0B$1.0B
Accumulated Other Comprehensive Income (Loss), Net of Tax($70.7M)($68.0M)($69.2M)($76.2M)
Treasury Stock, Value($285.5M)($273.8M)($228.6M)($218.6M)
Total shareholders’ equity$1.6B$1.6B$1.5B$1.5B
Total liabilities and shareholders’ equity$12.2B$12.3B$12.3B$12.2B

Cash flow statement

FIRST COMMONWEALTH FINANCIAL CORP /PA/ cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net Income$152.3M$142.6M$157.1M$128.2M
Provision for credit losses$36.7M$29.2M$14.8M$21.1M
Deferred Income Taxes and Tax Credits$3.0M$3.4M$6.8M($2.0M)
Depreciation and amortization$6.6M$5.7M$4.1M$10.6M
Net gains on securities and other assets($13.8M)($14.3M)($10.0M)($11.6M)
Net amortization of premiums and discounts on securities$20.0K$737.0K$1.3M$2.0M
Redemption Premium$0$369.0K——
Income from increase in cash surrender value of bank owned life insurance($6.7M)($5.4M)($4.6M)($5.3M)
Mortgage loans originated for sale($282.6M)($245.3M)($186.9M)($195.1M)
Proceeds from Sale of Mortgage Loans Held-for-sale$282.7M$212.8M$174.8M$198.3M
Decrease (increase) in interest receivable$129.0K$3.3M($8.8M)($6.8M)
(Decrease) increase in interest payable($1.0M)$1.2M$5.0M$1.2M
Decrease in income taxes payable($4.0K)($818.0K)($4.6M)($4.6M)
Other—net$10.2M($4.0M)$1.7M$15.4M
Net cash provided by operating activities$187.5M$129.5M$150.8M$151.4M
Proceeds from maturities and redemptions$78.3M$68.0M$41.8M$79.6M
Purchases($192.5M)($55.3M)($200.0K)($200.0K)
Proceeds from sale$69.9M$69.6M$33.8M$0
Proceeds from maturities and redemptions$281.2M$232.9M$98.3M$145.6M
Purchases($162.1M)($437.3M)($338.4M)$0
Proceeds from Sale of Equity Securities, FV-NI$5.1M$5.7M——
Purchases of FHLB stock($61.5M)($45.4M)($103.2M)($20.6M)
Proceeds from the redemption of FHLB stock$57.3M$64.8M$91.4M$7.1M
Proceeds from Sale of Other Investments$0$450.0K$0$0
Proceeds from bank owned life insurance$3.5M$4.1M$3.2M$5.3M
Proceeds from the sale of loans$101.7M$115.8M$154.6M$68.6M
Proceeds from sales of other assets$6.2M$7.4M$4.3M$8.6M
Acquisition, net of cash acquired$4.7M$0$14.5M—
Net increase in loans($564.0M)($136.9M)($552.4M)($871.6M)
Purchases of premises and equipment($16.1M)($15.5M)($22.0M)($11.2M)
Net cash used in investing activities($388.2M)($121.7M)($574.3M)($588.8M)
Net increase (decrease) in other short-term borrowings$65.3M($517.7M)$52.4M$234.4M
Net increase in deposits$295.0M$485.7M$430.7M$23.0M
Repayments of other long-term debt($21.1M)($769.0K)($740.0K)($712.0K)
Proceeds from Issuance of Long-term Debt$0$127.0M——
Repayments of Subordinated Debt$0($50.0M)——
Repayments of Long-term Capital Lease Obligations$606.0K$567.0K$531.0K$496.0K
Dividends paid($55.5M)($52.6M)($50.8M)($44.6M)
Proceeds from reissuance of treasury stock$245.0K$204.0K$245.0K$245.0K
Purchase of treasury stock($35.8M)($12.6M)($15.0M)($15.6M)
Net cash provided by (used in) financing activities$247.6M($21.3M)$416.3M$196.2M
Net increase (decrease) in cash and cash equivalents$47.0M($13.6M)($7.3M)($241.1M)
Cash and cash equivalents at January 1$133.4M$147.0M$154.2M$395.4M
Cash and cash equivalents at December 31$180.4M$133.4M$147.0M$154.2M
FIRST COMMONWEALTH FINANCIAL CORP /PA/ cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net Income$82.1M$37.5M$107.4M$66.1M
Provision for credit losses$19.7M$10.7M$29.7M$18.4M
Deferred tax expense$4.3M$3.7M$758.0K$518.0K
Depreciation and amortization$3.9M$2.1M$4.8M$2.9M
Net gains on securities and other assets($8.7M)($4.4M)($9.6M)($6.3M)
Net (accretion) amortization of premiums and discounts on securities($140.0K)($19.0K)$33.0K$18.0K
Redemption Premium($806.0K)—$0$0
Income from increase in cash surrender value of bank owned life insurance($3.5M)($1.8M)($5.0M)($3.3M)
Decrease (increase) in interest receivable$1.7M$157.0K($998.0K)($211.0K)
Mortgage loans originated for sale($149.4M)($68.5M)($202.0M)($125.8M)
Proceeds from sale of mortgage loans$153.5M$83.9M$211.6M$130.5M
Decrease in interest payable($1.9M)($694.0K)($747.0K)($1.2M)
Increase in income taxes payable$1.9M$5.8M$1.5M$854.0K
Increase (Decrease) in Other Operating Assets and Liabilities, Net$12.2M($18.4M)$1.7M($3.9M)
Net cash provided by operating activities$90.5M$86.8M$135.8M$86.3M
Payments to Acquire Held-to-maturity Securities($99.8M)($79.5M)($127.9M)($127.9M)
Proceeds from maturities and redemptions of available-for-sale securities$0$0$69.9M$69.9M
Proceeds from maturities and redemptions of available-for-sale securities$154.3M$78.4M$180.8M$120.8M
Payments to Acquire Debt Securities, Available-for-Sale($240.5M)($111.7M)($111.5M)($111.5M)
Proceeds from Sale of Equity Securities, FV-NI$0$0$5.1M$5.1M
Proceeds from Sale of Other Investments$550.0K—$0—
Net cash received from business acquisition$0—$4.7M$4.7M
Proceeds from sale and maturity of held-to-maturity securities$44.5M$21.5M$53.2M$35.2M
Purchases of FHLB stock($12.4M)($4.8M)($51.5M)($30.6M)
Proceeds from the redemption of FHLB stock$15.8M$14.2M$44.1M$23.1M
Proceeds from Life Insurance Policy$1.8M$33.0K$3.3M$2.5M
Proceeds from Sale of Loans Receivable$250.3M$227.0M$56.5M$38.1M
Proceeds from sale of other assets$4.5M$3.0M$4.8M$3.5M
Net increase in loans and leases($667.0K)$67.1M($492.1M)($323.3M)
Payments for Purchase of Other Assets($7.6M)($4.4M)($13.9M)($10.4M)
Net cash provided by (used in) investing activities$110.8M$210.8M($374.6M)($300.9M)
Net (decrease) increase in other short-term borrowings($10.0M)($125.1M)$66.9M$143.2M
Net increase in deposits$9.1M$158.9M$275.4M$148.6M
Repayments of other long-term debt($129.6M)($129.6M)($20.9M)($20.7M)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties($511.0K)($511.0K)——
Repayments of Long-term Capital Lease Obligations($320.0K)($159.0K)($452.0K)($300.0K)
Payments of Dividends($28.1M)($13.8M)($41.5M)($27.4M)
Purchase of treasury stock($36.9M)($24.8M)($12.9M)($2.3M)
Net cash (used in) provided by financing activities($202.0M)($135.1M)$266.8M$241.4M
Net (decrease) increase in cash and cash equivalents($727.0K)$162.6M$28.0M$26.8M
Cash and cash equivalents at January 1$180.4M$180.4M$133.4M$133.4M
Cash and cash equivalents at June 30$179.6M——$160.2M
Repayments of Subordinated Debt($6.0M)—$0$0
Proceeds from reissuance of treasury stock$254.0K—$237.0K$237.0K

FIRST COMMONWEALTH FINANCIAL CORP /PA/ score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.