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
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
10 May 23
8-K
Submission of Matters to a Vote of Security Holders
28 Apr 23
8-K
First Commonwealth Announces First Quarter 2023 Earnings; Increases Quarterly Dividend
25 Apr 23
ARS
2022 FY
Annual report to shareholders
15 Mar 23
DEFA14A
Additional proxy soliciting materials
15 Mar 23
DEF 14A
Definitive proxy
15 Mar 23
10-K
2022 FY
Annual report
27 Feb 23
8-K
First Commonwealth Completes Acquisition of Centric Financial Corporation
1 Feb 23
425
Business combination disclosure
26 Jan 23
8-K
First Commonwealth Announces Record Fourth Quarter and Full Year 2022 Revenue; Declares Quarterly Dividend
25 Jan 23
Transcripts
FCF
Earnings call transcript
2023 Q1
26 Apr 23
FCF
Earnings call transcript
2022 Q4
25 Jan 23
FCF
Earnings call transcript
2022 Q3
26 Oct 22
FCF
Earnings call transcript
2022 Q2
28 Jul 22
FCF
Earnings call transcript
2022 Q1
27 Apr 22
FCF
Earnings call transcript
2021 Q4
27 Jan 22
FCF
Earnings call transcript
2021 Q3
27 Oct 21
FCF
Earnings call transcript
2021 Q2
29 Jul 21
FCF
Earnings call transcript
2021 Q1
1 May 21
FCF
Earnings call transcript
2020 Q4
27 Jan 21
Latest ownership filings
13F-HR
Quarterly holdings report by institutional manager
12 May 23
4
Stephen A Wolfe
26 Apr 23
4
ARADHNA M OLIPHANT
26 Apr 23
4
JON L GORNEY
26 Apr 23
4
RAY T CHARLEY
26 Apr 23
4
Bart E Johnson
26 Apr 23
4
DAVID W GREENFIELD
26 Apr 23
4
RAY T CHARLEY
20 Mar 23
4
RAY T CHARLEY
15 Mar 23
4
RAY T CHARLEY
14 Mar 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 395.80 mm | 395.80 mm | 395.80 mm | 395.80 mm | 395.80 mm | 395.80 mm |
| Cash burn (monthly) | (no burn) | 10.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 21.18 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 374.62 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 34.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
68.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 193 |
| Opened positions | 26 |
| Closed positions | 35 |
| Increased positions | 82 |
| Reduced positions | 55 |
| 13F shares | Current |
|---|---|
| Total value | 850.15 bn |
| Total shares | 70.59 mm |
| Total puts | 22.60 k |
| Total calls | 3.80 k |
| Total put/call ratio | 5.9 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 15.21 mm | $189.05 bn |
| Vanguard | 11.91 mm | $148.02 bn |
| Dimensional Fund Advisors | 6.48 mm | $80.50 bn |
| STT State Street | 4.62 mm | $57.46 bn |
| Charles Schwab Investment Management | 2.43 mm | $30.26 bn |
| Geode Capital Management | 1.95 mm | $24.29 bn |
| Fuller & Thaler Asset Management | 1.82 mm | $22.63 bn |
| MS Morgan Stanley | 1.61 mm | $20.05 bn |
| BK Bank Of New York Mellon | 1.54 mm | $19.09 bn |
| NTRS Northern Trust | 1.43 mm | $17.83 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Apr 23 | Gorney Jon L | Common Stock | Grant | Acquire A | No | No | 11.9 | 3,370 | 40.10 k | 38,036 |
| 25 Apr 23 | Oliphant Aradhna M | Common Stock | Grant | Acquire A | No | No | 11.9 | 3,370 | 40.10 k | 13,679 |
| 25 Apr 23 | Charley Ray T | Common Stock | Grant | Acquire A | No | No | 11.9 | 3,476 | 41.36 k | 328,550 |
| 25 Apr 23 | Wolfe Stephen A | Common Stock | Grant | Acquire A | No | No | 11.9 | 3,476 | 41.36 k | 20,586 |
| 25 Apr 23 | Johnson Bart E | Common Stock | Grant | Acquire A | No | No | 11.9 | 3,370 | 40.10 k | 68,621 |
News
Benzinga's Top Ratings Upgrades, Downgrades For May 19, 2023
19 May 23
Stephens & Co. Upgrades First Commonwealth to Overweight, Announces $14 Price Target
19 May 23
Stocks That Hit 52-Week Lows On Thursday
4 May 23
Wednesday Is Your Last Chance To Buy First Commonwealth Before The Dividend Payout
1 May 23
RBC Capital Reiterates Outperform on First Commonwealth, Maintains $16 Price Target
27 Apr 23