First Commonwealth Financial (FCF) S-3ASR Automatic shelf registration

EXHIBIT 12.1

First Commonwealth Financial Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges    

Dollars in thousands

	For the Six Months Ended June 30,				For the Years Ended December 31,
	2018		2017		2017		2016		2015		2014		2013
Earnings:
Income before income taxes	$	67,638	$	42,835	$	103,726	$	85,229	$	70,979	$	62,133	$	56,763
Fixed charges, excluding interest on deposits		7,583		5,790		12,654		11,328		8,402		6,347		6,405
Subtotal		75,221		48,625		116,380		96,557		79,381		68,480		63,168
Interest on deposits		8,633		4,020		9,415		7,523		7,474		12,453		15,596
Total	$	83,854	$	52,645	$	125,795	$	104,080	$	86,855	$	80,933	$	78,764
Fixed charges:
Interest on borrowed funds	$	7,446	$	5,632	$	12,355	$	11,056	$	8,121	$	6,048	$	6,111
Interest component of rental expense		137		158		299		272		281		299		294
Subtotal		7,583		5,790		12,654		11,328		8,402		6,347		6,405
Interest on deposits		8,633		4,020		9,415		7,523		7,474		12,453		15,596
Total	$	16,216	$	9,810	$	22,069	$	18,851	$	15,876	$	18,800	$	22,001
Ratio of earnings to fixed charges:
Excluding interest on deposits		9.92		8.40		9.20		8.52		9.45		10.79		9.86
Including interest on deposits		5.17		5.37		5.70		5.52		5.47		4.30		3.58