First Commonwealth Financial Corp /Pa/

$FCF Market Cap: $1.896 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$450.5M

TTM

Gross Margin

Net Earnings

$151.6M

TTM

Current Assets

Current Liabilities

$538.8M

Q3 2024

Current Ratio

Total Assets

$11.98B

Q3 2024

Total Liabilities

$10.57B

Q3 2024

Book Value

$1.410B

Q3 2024

Cash

$582.3M

Q3 2024

P/E

12.51

Nov 29, 2024 EST

Free Cash Flow

$145.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	$530.0M	$330.0M	$293.8M	$301.2M	$325.3M	$292.3M	$250.6M	$217.6M	$204.1M	$202.2M	$206.4M	$219.1M	$231.5M	$268.4M
YoY Change	60.63%	12.29%	-2.45%	-7.4%	11.29%	16.65%	15.14%	6.64%	0.93%	-2.02%	-5.8%	-5.39%	-13.72%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$530.0M	$330.0M	$293.8M	$301.2M	$325.3M	$292.3M	$250.6M	$217.6M	$204.1M	$202.2M	$206.4M	$219.1M	$231.5M	$268.4M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.104M	$10.55M	$11.40M	$11.70M	$10.40M	$8.000M	$9.000M	$7.100M	$7.600M	$13.70M	$11.10M	$7.900M	$9.000M	$10.70M	$9.800M	$10.40M	$9.400M	$9.400M	$8.200M	$9.500M	$7.500M	$7.400M	$7.800M	$7.500M	$7.700M	$7.900M	$7.000M	$6.400M	$5.100M	$5.100M	$5.100M	$3.900M	$3.000M	$2.400M
YoY Change	-61.11%	-7.44%	-2.56%	12.5%	30.0%	-11.11%	26.76%	-6.58%	-44.53%	23.42%	40.51%	-12.22%	-15.89%	9.18%	-5.77%	10.64%	0.0%	14.63%	-13.68%	26.67%	1.35%	-5.13%	4.0%	-2.6%	-2.53%	12.86%	9.38%	25.49%	0.0%	0.0%	30.77%	30.0%	25.0%	0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$144.3M	$17.73M	$15.30M	$32.94M	$55.40M	$40.04M	$21.77M	$18.58M	$15.60M	$18.50M	$21.71M	$30.15M	$41.68M	$61.60M
YoY Change	713.91%	15.92%	-53.56%	-40.55%	38.38%	83.9%	17.18%	19.13%	-15.71%	-14.77%	-27.99%	-27.67%	-32.34%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Pretax Income	$197.6M	$160.2M	$172.8M	$90.20M	$130.8M	$132.8M	$103.7M	$85.23M	$70.98M	$62.13M	$56.76M	$56.61M	$14.89M	$23.22M	-$45.90M	$49.70M	$52.20M	$62.00M	$71.10M	$42.40M	$66.60M	$52.40M	$65.40M	$61.50M	$72.60M	$46.20M	$56.90M	$53.40M	$37.50M	$43.00M	$40.00M	$33.90M	$21.00M	$18.10M
YoY Change	23.33%	-7.31%	91.59%	-31.06%	-1.45%	28.0%	21.7%	20.08%	14.24%	9.46%	0.27%	280.1%	-35.85%	-150.58%	-192.35%	-4.79%	-15.81%	-12.8%	67.69%	-36.34%	27.1%	-19.88%	6.34%	-15.29%	57.14%	-18.8%	6.55%	42.4%	-12.79%	7.5%	17.99%	61.43%	16.02%	17.53%
Income Tax	$40.49M	$32.04M	$34.56M	$16.76M	$25.52M	$25.27M	$48.56M	$25.64M	$20.84M	$17.68M	$15.28M	$14.66M	-$380.0K	$239.0K	-$25.80M	$6.600M	$6.000M	$9.000M	$13.30M	$3.700M	$13.30M	$8.900M	$15.30M	$14.30M	$19.60M	$12.20M	$17.30M	$16.20M	$12.00M	$14.20M	$12.40M	$9.400M	$5.000M	$4.300M
% Of Pretax Income	20.5%	20.0%	20.0%	18.58%	19.5%	19.04%	46.82%	30.08%	29.36%	28.46%	26.92%	25.89%	-2.55%	1.03%		13.28%	11.49%	14.52%	18.71%	8.73%	19.97%	16.98%	23.39%	23.25%	27.0%	26.41%	30.4%	30.34%	32.0%	33.02%	31.0%	27.73%	23.81%	23.76%
Net Earnings	$157.1M	$128.2M	$138.3M	$73.45M	$105.3M	$107.5M	$55.17M	$59.59M	$50.14M	$44.45M	$41.48M	$41.95M	$15.27M	$22.98M	-$20.10M	$43.10M	$46.30M	$53.00M	$57.80M	$38.70M	$53.30M	$43.50M	$50.20M	$47.20M	$53.00M	$33.40M	$39.50M	$37.20M	$25.50M	$28.70M	$28.40M	$24.50M	$16.00M	$13.80M
YoY Change	22.53%	-7.29%	88.24%	-30.27%	-2.01%	94.87%	-7.43%	18.84%	12.8%	7.16%	-1.13%	174.68%	-33.53%	-214.32%	-146.64%	-6.91%	-12.64%	-8.3%	49.35%	-27.39%	22.53%	-13.35%	6.36%	-10.94%	58.68%	-15.44%	6.18%	45.88%	-11.15%	1.06%	15.92%	53.13%	15.94%	11.29%
Net Earnings / Revenue	29.63%	38.85%	47.05%	24.38%	32.38%	36.78%	22.02%	27.38%	24.57%	21.99%	20.1%	19.15%	6.6%	8.56%
Basic Earnings Per Share	$1.55	$1.37	$1.45	$0.75	$1.07	$1.09	$0.58	$0.67	$0.56	$0.48	$0.43	$0.40	$0.15	$0.25
Diluted Earnings Per Share	$1.54	$1.365M	$1.44	$0.75	$1.07	$1.08	$0.58	$0.67	$0.56	$0.48	$0.43	$0.40	$0.15	$0.25	-$237.6K	$577.7K	$634.2K	$745.4K	$828.1K	$582.0K	$897.3K	$741.1K	$864.0K	$819.4K	$874.6K	$541.3K	$639.2K	$596.2K	$578.2K	$637.8K	$631.1K	$556.8K	$470.6K	$445.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$121.0M	$115.1M	$120.8M	$125.5M	$137.3M	$80.50M	$81.30M	$67.50M	$63.50M	$65.00M	$67.90M	$69.00M	$66.80M	$67.00M	$70.70M	$72.60M	$69.50M	$68.90M	$60.90M	$57.00M	$46.50M	$45.70M	$46.40M	$44.70M	$43.40M	$41.90M	$41.50M	$32.60M	$29.40M	$29.20M	$27.00M	$21.10M	$16.00M	$16.30M
YoY Change	5.13%	-4.71%	-3.75%	-8.59%	70.56%	-0.98%	20.44%	6.3%	-2.31%	-4.27%	-1.59%	3.29%	-0.3%	-5.23%	-2.62%	4.46%	0.87%	13.14%	6.84%	22.58%	1.75%	-1.51%	3.8%	3.0%	3.58%	0.96%	27.3%	10.88%	0.68%	8.15%	27.96%	31.88%	-1.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$11.46B	$9.806B	$9.545B	$9.068B	$8.309B	$7.828B	$7.309B	$6.684B	$6.567B	$6.360B	$6.215B	$5.995B	$5.841B	$5.813B	$6.446B	$6.426B	$5.884B	$6.044B	$6.026B	$6.199B	$5.189B	$4.525B	$4.584B	$4.372B	$4.341B	$4.097B	$3.669B	$2.585B	$2.364B	$2.335B	$2.253B	$1.788B	$1.331B	$1.196B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$49.33M	$45.15M	$44.80M	$46.80M
YoY Change	9.25%	0.78%	-4.27%
Deferred Revenue
YoY Change
Short-Term Debt	$597.8M	$372.7M	$138.3M	$117.4M	$65.70M	$156.8M	$140.0M	$119.9M	$110.8M	$160.9M	$148.5M	$178.1M	$228.8M	$187.9M	$833.9M	$339.7M	$374.4M	$514.6M	$515.7M	$606.5M	$514.1M	$322.7M	$387.7M	$272.2M	$324.8M	$140.5M	$198.4M	$150.3M	$108.6M	$134.8M	$176.2M	$52.70M	$39.30M	$43.30M
YoY Change	60.41%	169.48%	17.8%	78.69%	-58.1%	12.0%	16.76%	8.21%	-31.14%	8.35%	-16.62%	-22.16%	21.77%	-77.47%	145.48%	-9.27%	-27.24%	-0.21%	-14.97%	17.97%	59.31%	-16.77%	42.43%	-16.19%	131.17%	-29.18%	32.0%	38.4%	-19.44%	-23.5%	234.35%	34.1%	-9.24%
Long-Term Debt Due	$4.894M	$5.425M	$5.900M	$6.400M	$6.800M	$7.200M	$7.600M
YoY Change	-9.79%	-8.05%	-7.81%	-5.88%	-5.56%	-5.26%
Total Short-Term Liabilities	$597.8M	$50.57M	$50.70M	$53.20M	$6.800M	$7.200M	$7.600M	$119.9M	$110.8M	$160.9M	$148.5M	$178.1M	$228.8M	$187.9M	$833.9M	$339.7M	$374.4M	$514.6M	$515.7M	$606.5M	$514.1M	$322.7M	$387.7M	$272.2M	$324.8M	$140.5M	$198.4M	$150.3M	$108.6M	$134.8M	$176.2M	$52.70M	$39.30M	$43.30M
YoY Change	1082.1%	-0.25%	-4.7%	682.35%	-5.56%	-5.26%	-93.66%	8.21%	-31.14%	8.35%	-16.62%	-22.16%	21.77%	-77.47%	145.48%	-9.27%	-27.24%	-0.21%	-14.97%	17.97%	59.31%	-16.77%	42.43%	-16.19%	131.17%	-29.18%	32.0%	38.4%	-19.44%	-23.5%	234.35%	34.1%	-9.24%
Long-Term Debt	$186.8M	$181.2M	$170.8M	$170.6M	$170.5M	$170.3M	$72.20M	$72.20M	$81.50M	$161.6M	$216.6M	$280.2M	$207.4M	$204.5M	$274.4M	$289.2M	$115.4M	$119.9M	$799.7M	$839.6M	$794.0M	$579.9M	$664.2M	$656.9M	$638.4M	$630.9M	$193.1M	$40.90M	$5.300M	$7.600M	$7.400M	$8.100M	$6.500M	$5.700M
YoY Change	3.05%	6.1%	0.12%	0.06%	0.12%	135.87%	0.0%	-11.41%	-49.57%	-25.39%	-22.7%	35.1%	1.42%	-25.47%	-5.12%	150.61%	-3.75%	-85.01%	-4.75%	5.74%	36.92%	-12.69%	1.11%	2.9%	1.19%	226.72%	372.13%	671.7%	-30.26%	2.7%	-8.64%	24.62%	14.04%
Other Long-Term Liabilities	$168.3M	$194.2M	$87.80M	$163.4M	$139.5M	$48.00M	$44.30M	$37.80M	$59.10M	$61.10M	$56.10M	$55.10M	$57.70M	$52.90M	$38.30M	$63.80M	$65.50M	$52.70M	$43.30M	$36.00M	$41.90M	$30.20M	$28.40M	$45.00M	$42.20M	$38.90M	$33.40M	$27.30M	$23.20M	$19.40M	$18.30M	$11.50M	$11.50M	$11.20M
YoY Change	-13.33%	121.19%	-46.27%	17.13%	190.63%	8.35%	17.2%	-36.04%	-3.27%	8.91%	1.81%	-4.51%	9.07%	38.12%	-39.97%	-2.6%	24.29%	21.71%	20.28%	-14.08%	38.74%	6.34%	-36.89%	6.64%	8.48%	16.47%	22.34%	17.67%	19.59%	6.01%	59.13%	0.0%	2.68%
Total Long-Term Liabilities	$355.1M	$375.4M	$258.6M	$334.0M	$310.0M	$218.3M	$116.5M	$110.0M	$140.6M	$222.7M	$272.7M	$335.3M	$265.1M	$257.4M	$312.7M	$353.0M	$180.9M	$172.6M	$843.0M	$875.6M	$835.9M	$610.1M	$692.6M	$701.9M	$680.6M	$669.8M	$226.5M	$68.20M	$28.50M	$27.00M	$25.70M	$19.60M	$18.00M	$16.90M
YoY Change	-5.42%	45.18%	-22.57%	7.74%	42.01%	87.38%	5.91%	-21.76%	-36.87%	-18.34%	-18.67%	26.48%	2.99%	-17.68%	-11.42%	95.14%	4.81%	-79.53%	-3.72%	4.75%	37.01%	-11.91%	-1.32%	3.13%	1.61%	195.72%	232.11%	139.3%	5.56%	5.06%	31.12%	8.89%	6.51%
Total Liabilities	$10.15B	$8.754B	$8.436B	$8.000B	$7.253B	$6.853B	$6.420B	$5.934B	$5.847B	$5.644B	$5.503B	$5.249B	$5.083B	$5.063B	$5.808B	$5.773B	$5.315B	$5.473B	$5.505B	$5.667B	$4.758B	$4.123B	$4.214B	$4.038B	$4.054B	$3.741B	$3.314B	$2.323B	$2.112B	$2.110B	$2.024B	$1.617B	$1.204B	$1.078B
YoY Change	15.9%	3.77%	5.45%	10.29%	5.84%	6.74%	8.2%	1.48%	3.6%	2.56%	4.83%	3.28%	0.39%	-12.82%	0.6%	8.62%	-2.88%	-0.59%	-2.84%	19.09%	15.4%	-2.14%	4.34%	-0.39%	8.36%	12.89%	42.65%	10.0%	0.1%	4.24%	25.16%	34.34%	11.68%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	101.6M shares	93.61M shares	95.58M shares	97.50M shares	98.32M shares	99.04M shares	95.22M shares	88.85M shares	89.36M shares	93.11M shares	97.03M shares	103.9M shares	104.7M shares	93.20M shares
Diluted Shares Outstanding	101.8M shares	93.89M shares	95.84M shares	97.76M shares	98.59M shares	99.22M shares	95.33M shares	88.85M shares	89.36M shares	93.11M shares	97.03M shares	103.9M shares	104.7M shares	93.20M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.8962 Billion

About FIRST COMMONWEALTH FINANCIAL CORP /PA/

First Commonwealth Financial Corp. is a holding company, which engages in the provision of consumer and commercial banking services. The company is headquartered in Indiana, Pennsylvania and currently employs 1,500 full-time employees. The Company’s operating subsidiaries include First Commonwealth Bank (the Bank), First Commonwealth Insurance Agency, Inc. (FCIA) and FRAMAL. The company provides a diversified array of consumer and commercial banking services through its bank subsidiary, FCB. The company also provides trust and wealth management services through FCB and offer insurance products through FCIA. The Bank operated 126 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus, Canfield and Hudson, Ohio. The Bank also operates a network of 138 automated teller machines. All of its ATMs are part of the NYCE and MasterCard/Cirrus networks, both of which operate nationwide. The Bank is a member of the Allpoint ATM network, which allows surcharge-free access to over 55,000 ATMs.

Industry: National Commercial Banks Peers: 1ST SOURCE CORP Bancorp, Inc. BERKSHIRE HILLS BANCORP INC Dime Community Bancshares, Inc. /NY/ CITY HOLDING CO FIRST BUSEY CORP /NV/ National Bank Holdings Corp PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC SOUTHSIDE BANCSHARES INC