First Commonwealth Financial (FCF) 8-K The matters discussed in this presentation contain forward-looking statements that describe First Commonwealth’s

FIRST COMMONWEALTH FINANCIAL

CORPORATION

Ferris, Baker Watts, Inc.

Investor Presentation

August 8, 2007

Exhibit 99.1

2

FORWARD-LOOKING STATEMENT

The matters discussed in this presentation contain forward-looking statements that describe First Commonwealth’s

future plans, strategies and expectations.  All forward-looking statements are based on assumptions and involve risks

and

uncertainties,

many

of

which

are

beyond

the

control

of

First

Commonwealth

and

which

may

cause

actual

results, performance or achievements to differ materially from the results, performance or achievements

contemplated

by

the

forward-looking

statements.

Such

risks

and

uncertainties

include,

among

other

things,

the

following:

•

Competitive pressures among depository and other financial institutions nationally and in our market areas may

increase significantly.

•

Adverse changes in the economy or business conditions, either nationally or in our market areas, could increase

credit-related losses and expenses and/or limit growth.

•

Increases in

defaults

by

borrowers

and

other

delinquencies

could

result

in

increases

in

our

provision

for

losses on loans and related expenses.

•

Fluctuations in interest rates and market prices could reduce our net interest margin and asset valuations and

increase our expenses.

•

The consequences of continued bank acquisitions and mergers in our market areas, resulting in fewer but much

larger and financially stronger competitors, could increase competition for financial services to our detriment.

•

Changes in legislative or regulatory requirements applicable to us and our subsidiaries could increase costs, limit

certain operations and adversely affect results of operations.

•

Changes in

tax

requirements,

including

tax

rate

changes,

new

tax

laws

and

revised

tax

law

interpretations

may increase our tax expense

or

adversely

affect

our

customers’

businesses.

•

Other risks and uncertainties described in this report and the other reports that we file with the Securities and

Exchange Commission, including our most recent Annual Report on Form 10-K.

In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking

statements discussed in this presentation. First Commonwealth undertakes no obligation to publicly update or

otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise.

3

Company Overview

Our Challenges

Our Leadership

Strategic Plan –

Back to Basics

Household Growth and Retention

Market Demographics and Opportunities

Alignment

Financial Presentation

PRESENTATION OUTLINE

4

Company Overview

Full Service Financial Institution (with origins

dating back to 1866)

Total assets of $5.7 billion at June 30, 2007

111 branches serving 15 Western and Central

Pennsylvania counties

Fifth largest deposit market share among

Pennsylvania-based banks

15 years listed on the New York Stock

Exchange (FCF)

Ranked as 76

th

largest U.S. Bank (total assets)

5

Our Challenges

Tough Interest Rate Environment

Inverted Yield Curve

Stabilized Net Interest Margin

Credit Quality

Mature Markets

6

Our Leadership

14

35

45

31

29

25

29

14

Senior Vice President

Strategic Resources

Thaddeus J. Clements

35

Senior Vice President

Investments

R. John Previte

45

Senior Vice President

Secretary and Treasurer

David R. Tomb, Jr. Esq.

13

Executive Vice President

Chief Audit Executive

William R. Jarrett

29

Executive Vice President

Chief Information Officer

Sue A. McMurdy

1

Executive Vice President and

Chief Financial Officer

Edward J. Lipkus III

27

President and

Chief Executive Officer

John J. Dolan

Officer

Title

Industry

Experience

(years)

Years with First

Commonwealth

7

First Commonwealth will be the financial

services organization of “First Choice”

for

our marketplace.

Strategic Plan –

Back to Basics

8

Exceptional Products

+

Exceptional Service

delivered by

Exceptional People

Strategic Plan –

Back to Basics

FIRST CHOICE         =

9

Convenience

Doing it “Right the First Time”

Enhanced Web-Banking

More branch and ATM locations

Expanded branch hours in selected market areas

7 day-a-week availability

Strategic Plan –

Back to Basics

10

Household Growth and Retention

Household Retention

1 out of 7 looking for a new bank

Reduced Consumer Household Attrition Rate

from 14% to 9% in less than 1 year

Household Growth

Improvement over 2006

Household Opportunities

Butler, Washington and Allegheny Counties

11

Market Demographics and Opportunities

Market Demographics - First Commonwealth Financial Corporation

Corporate Headquarters: Indiana, Pennsylvania

Pennsylvania (PA)

County

Market

Rank

Number

of

Branches

Company

Deposits

in Market

($000)

Total Deposits

in Market ($000)

Deposit

Market

Share

(%)

Percent of

Franchise

(%)

Median

HH

Income

2006

($)

HH

Income

Change

2000-2006

(%)

Projected

HH Income

Change

2006-2011

(%)

Allegheny

6

33

1,089,036

43,912,742

2.48

25.37

48,435

26.41

20.93

Westmoreland

2

17

806,960

6,299,454

12.81

18.80

46,332

24.85

18.76

Indiana

2

9

569,272

1,929,082

29.51

13.26

36,589

21.04

16.29

Cambria

3

10

434,499

2,427,369

17.90

10.12

37,288

23.61

19.68

Clearfield

2

5

241,613

1,242,865

19.44

5.63

37,899

21.03

16.57

Blair

4

7

224,626

1,886,029

11.91

5.23

40,939

24.08

17.47

Lawrence

6

5

174,219

1,443,405

12.07

4.06

40,873

22.67

17.90

Somerset

3

6

161,791

1,093,182

14.80

3.77

37,259

20.70

16.32

Jefferson

2

3

127,016

777,808

16.33

2.96

38,151

20.09

16.50

Butler

9

4

115,891

2,779,161

4.17

2.70

52,300

23.23

19.13

Elk

3

3

113,900

602,008

18.92

2.65

46,546

23.43

17.65

Bedford

4

3

89,319

605,963

14.74

2.08

38,576

18.45

15.23

Armstrong

6

2

72,010

1,046,657

6.88

1.68

38,529

22.26

16.75

Washington

11

3

57,272

3,310,520

1.73

1.33

47,616

26.35

20.31

Beaver

10

1

15,990

2,103,947

0.76

0.37

46,228

24.82

17.84

PA Totals

111

4,293,414

71,460,192

6.01

100.00

Weighted Average: Pennsylvania  Franchise

42,987

23.73

18.58

Aggregate: Entire State of Pennsylvania

50,132

24.99

19.99

Aggregate: National

51,546

22.25

17.77

Ownership: Current

Data Courtesy of SNL Financial

12

Market Demographics and Opportunities

Allegheny, Butler and Washington Counties

Number of Households

695,179

Total Market Deposits

$50 Billion

Median HH Income

$47,616 -

$52,300

Other Counties in our footprint…

Number of Households

566,902

Total Market Deposits

$21.5 Billion

Median HH Income

$36,589 -

$46,546

Source: SNL Financial –

Market Share Demographics

AnySite –

Household Information

Market Demographics and Opportunities

14

Market Demographics and Opportunities

Target Market Segments

Women’s Segment

Young Savers Segment

Affluent & Emerging Affluent Segment

Wealth Preservation & Transfer Segment

15

Aligning Shareholders’

Interests with Compensation

Alignment

“I also promise a disciplined approach to aligning

shareholders’

interests

with

compensation.

Going

forward, our compensation philosophy will emphasize

and reward exceptional performance.”

-

John J. Dolan

Excerpt from 2007

Annual Meeting of Shareholders

April 16, 2007

16

Q305

Q405

Q106

Q206

Q306

Q406

Q107

Q207

3.00%

3.20%

3.40%

3.60%

3.80%

4.00%

FCF

PEER AVG

Net Interest Margin

Source:  SNL Financial

17

Loan Composition –

as of June 30, 2007 ($ millions)

Loans

Real Estate - Construction

124

3%

Real Estate - Residential

1,288

35%

Real Estate - Commercial

900

25%

Commercial, Industrial,

Financial, Agricultural

867

24%

Consumer

496

13%

Total

3,675

100%

Loan Composition

3%

35%

25%

24%

13%

Real Estate -

Construction

Real Estate -

Residential

Real Estate -

Commercial

Commercial, Industrial,

Financial, Agricultural

Consumer

18

Real Estate - Residential

28%

29%

33%

33%

36%

35%

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002

2003

2004

2005

2006

Q2 07

Loans

goal

19

Investment Composition

No exposure to Sub-Prime Lending

MBS are AAA

MBS are valued using Interactive Data, a

nationally recognized pricing service

Investments

Treasuries/Agencies,

11%

HTM MBS, 0%

AFS Muni (tax free),

14%

HTM Muni (tax free), 5%

AFS Corporates, 8%

Other, 3%

AFS MBS/CMO, 59%

20

Funding Sources

December 31, 2005

3,997

73%

666

12%

800

15%

June 30, 2007

4,408

86%

147

3%

576

11%

Deposits

Short-term Borrowings

Long-term Debt

($ millions)

21

DEPOSIT COMPOSITION –

as of June 30, 2007 ($ millions)

Deposits

Savings/MMDA,

38%

Interest DDA, 2%

Non-Interest DDA,

12%

Time Deposits,

48%

Non-Interest DDA

530

$      

12%

Interest DDA

109

$      

2%

Savings/MMDA

1,652

$    

38%

Time Deposits

2,117

$    

48%

Total

4,408

$ ��  

100%

22

Earnings Per Share (Diluted)

EPS and Net Income

Net Income

(dollars in thousands)

23

Commercial Loan Relationships

Commercial Lending

Expansion Plans Include:

Loan Production Offices in targeted markets

Participations

Loan Finders

Maintain Lending Standards

24

Asset Quality

.27%*

.42%*

Source:  SNL Financial

*Excludes $32.4 million for two credit

relationships

0.00

0.30

0.60

0.90

1.20

1.50

2004Y

2005Y

2006Y

YTD

NPLs

/ Total Loans

Peer Group Average

First Commonwealth

0.00

0.20

0.40

0.60

0.80

1.00

2004Y

2005Y

2006Y

YTD

NPAs/Assets

0.00

0.20

0.40

2004Y

2005Y

2006Y

YTD

NCOs/Average Loans

25

Capital Levels

Supports a strong dividend in challenging times

Flexibility

Expand Lending and Investment programs

Pursue Merger and Acquisition opportunities

Consider additional buyback programs

Capital

26

Dividends Paid

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

Dividend Growth Per Share

(adjusted for stock splits)

Recognized by Mergent as a “Dividend Achiever”

Current Dividend Yield > 7%

27

1.

Strong Leadership/Revenue Driven

Strategy

2.

Consistent Dividend Growth

3.

Strong Dividend Yield and Capital

Base

Summary

28

APPENDIX

PEER GROUP

Sun Bancorp, Inc.

SNBC

F.N.B Corporation

FNB

S&T Bancorp, Inc.

STBA

United Bankshares, Inc.

UBSI

Park National Corporation 

PRK

First Financial Bancorp

FFBC

WesBanco, Inc.

WSBC

Harleysville National Corporation

HNBC

National Penn Bancshares, Inc.

NPBC

NBT Bancorp Inc.

NBTB

Provident Bankshares Corporation

PBKS

Fulton Financial Corporation

FULT

Community Bank System, Inc.

CBU

Susquehanna Bancshares, Inc.

SUSQ

FirstMerit Corporation

FMER

29

Questions?

On behalf of everyone at First

Commonwealth. . .

Thank you for your interest in

our Company!