First Commonwealth Financial
Provides deposit-funded consumer and commercial banking across Pennsylvania and Ohio.
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Profile
Provides consumer and commercial banking across western and central Pennsylvania and Ohio, funded primarily by customer deposits. Revenue comes mainly from loan and securities interest after funding costs, with additional fees from wealth, trust, insurance, brokerage and mortgage services.
Operates First Commonwealth Bank as a single community-banking segment serving western and central Pennsylvania and Ohio. Consumer and business deposits fund commercial real estate, commercial and industrial, equipment-finance, SBA, residential mortgage, home-equity, indirect-auto and other consumer loans. Trust and wealth management, insurance, brokerage and mortgage sales add fee income.
Combines a community-branch network with commercial business centers, while the CenterBank acquisition deepened its Cincinnati presence. Net interest income is the primary revenue source, making deposit pricing, lending volumes, credit performance and interest rates central to results. The bank and its holding company are subject to extensive federal and state regulation, and customer deposits remain the primary funding source.
Company facts
Categories
Key statistics
Year to date +24.3% · Average volume (30d) 788.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Raymond James | Reiterate | Outperform | $20 | $24 | |
| Jul 30, 2026 | Piper Sandler | Reiterate | Overweight | $21 | $25 | |
| Jul 20, 2026 | Goldman Sachs | Initiate | Buy | $48 | ||
| Jun 5, 2026 | Bernstein | Target | $29 | |||
| Jan 7, 2026 | Raymond James | Upgrade | Market Perform | Outperform | $16 | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.42 | $0.44 | +3.9% | $137.5M | $139.4M | +1.4% | +1.97% |
| Apr 28, 2026Q1 FY26 | $0.40 | $0.37 | −7.5% | $134.3M | $133.7M | −0.5% | −2.70% |
| Jan 27, 2026Q4 FY25 | $0.41 | $0.43 | +4.9% | $135.6M | $137.8M | +1.6% | −0.56% |
| Oct 28, 2025Q3 FY25 | $0.41 | $0.39 | −4.9% | $138.0M | $136.0M | −1.5% | −5.49% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $169.6M | $183.6M | $187.6M | $188.6M | $179.3M | $67.0M | |
| Gross profit | $112.3M | $118.3M | $124.7M | $137.9M | $120.3M | $8.0M | |
| Operating income | $41.0M | $42.1M | $51.8M | $63.4M | $47.2M | −$45.6M | |
| Net income | $32.7M | $33.4M | $41.3M | $44.9M | $37.5M | $44.6M | |
| Diluted EPS | $0.32 | $0.32 | $0.39 | $0.43 | $0.37 | $0.44 | |
| Gross margin | 66.2% | 64.4% | 66.5% | 73.1% | 67.1% | 12.0% | |
| Operating margin | 24.2% | 22.9% | 27.6% | 33.6% | 26.3% | -68.1% |
Fiscal years (4-quarter sums)FY21 $400.6M · FY22 $428.7M · FY23 $626.6M · FY24 $699.6M · FY25 $729.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.78B · Total debt $263.0M · Total assets $12.21B · Shareholders' equity $1.57B
Dividends
Raised for 15 straight years — most recently to $0.14 from $0.135 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 21 | $0.14 | |
| May 8, 2026 | May 8 | May 22 | $0.14 | raised from $0.135 |
| Feb 6, 2026 | Feb 6 | Feb 20 | $0.135 | |
| Nov 7, 2025 | Nov 7 | Nov 21 | $0.135 | |
| Aug 8, 2025 | Aug 8 | Aug 22 | $0.135 | |
| May 9, 2025 | May 9 | May 23 | $0.135 | raised from $0.13 |
| Feb 7, 2025 | Feb 7 | Feb 21 | $0.13 | |
| Nov 8, 2024 | Nov 8 | Nov 22 | $0.13 |
Ownership
Shares outstanding 101.68M · Float 98.34M · 96.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 14.86M | 14.61% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 6.43M | 6.33% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 6.29M | 6.18% | 13F | Aug 13, 2026 |
| State Street Corporation | 5.26M | 5.20% | 13G | Aug 7, 2026 |
| Vanguard Capital Management LLC | 4.38M | 4.31% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Lee E. II Lyon | officer: EVP / Chief Audit Executive | −25,000 | $21.46 |
| Aug 6, 2026 | Jane Grebenc | director | −15,000 | $21.70 |
| Aug 5, 2026 | James R. Reske | officer: EVP/Chief Financial Officer | −2,072 | $21.85 |
| Jul 6, 2026 | James R. Reske | officer: EVP/Chief Financial Officer | −2,072 | $20.50 |
| Jun 5, 2026 | James R. Reske | officer: EVP/Chief Financial Officer | −2,072 | $18.93 |
Peers
- F.N.B.
Pittsburgh regional banking overlap across PA/OH
- S&T Bancorp
Close PA/OH bank peer across deposits, loans, mortgage, and wealth
- Northwest Bancshares
Direct PA/OH branch-banking peer with mortgage and wealth overlap
- WesBanco
PA/OH banking peer with wealth, brokerage and insurance overlap
- Farmers National Banc
Ohio/PA community-bank peer across banking, wealth, and insurance
- CNB Financial
Pennsylvania/Ohio community-banking peer with ERIEBANK and FCBank
- Huntington Bancshares
Ohio scale bank across deposits, lending, mortgage, and wealth
- PNC Financial Services Group
Scale banking rival in Pittsburgh retail, commercial, and wealth markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Commonwealth Financial | $20.85 | +0.05% | $2.12B | 12.8 | 11.2 | 3.4 | +6.5% |
| F.N.B. | $18.41 | −0.05% | $6.55B | 11.0 | 10.3 | 2.4 | +5.6% |
| S&T Bancorp | $49.79 | −0.02% | $1.76B | 13.3 | 12.6 | 3.1 | +5.2% |
| Northwest Bancshares | $15.34 | 0.00% | $2.25B | 14.9 | 10.9 | 2.7 | +21.2% |
| WesBanco | $40.42 | 0.00% | $3.88B | 11.4 | 11.1 | 2.6 | +6.3% |
| Farmers National Banc | $15.68 | −0.10% | $697.3M | 10.9 | 9.3 | 2.4 | +49.8% |
| CNB Financial | $34.01 | +0.12% | $1.01B | 11.0 | 9.5 | 2.1 | +55.7% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| PNC Financial Services Group | $256.30 | +5.78% | $96.65B | 13.3 | 11.9 | 2.7 | +21.4% |
| Median | 12.0 | 10.6 | 2.5 | +21.3% |