First Commonwealth Financial Corporation (FCF) Stock

First Commonwealth Financial Corporation (FCF) is a Financials stock trading at $21.25 (as of 2026-08-20), with a market capitalization of $2.15B and a trailing P/E of 12.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (atm) services, as well as internet, mobile, and telephone banking services. The company's commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of December 31, 2021, the company operated 118 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio; corporate banking centers in Pittsburgh, Pennsylvania, as well as Columbus, Canton, and Cleveland, Ohio; and mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake, as well as Lewis Center, Ohio. It also operates 136 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.

Understand First Commonwealth Financial Corporation: how it makes money

First Commonwealth Financial Corporation provides consumer and commercial banking products in the United States, including deposit accounts, CDs, debit cards, mortgage loans, installment loans, and credit facilities, and it earns money through operating these lending and deposit-based banking activities.

Bank profitability is driven by the balance between loan growth and funding (reflected in the loan-to-deposit ratio), and credit performance (how nonperforming loans and the allowance for credit losses evolve).

Business quality (Solid): The operating snapshot points to credit monitoring as the key focus area, with a relatively strong nonperforming loan reserve coverage ratio, but asset quality and balance sheet composition (including loan categories like commercial real estate and residential mortgages) remain important watch items.

Valuation: At 13× earnings, FCF trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Nonperforming loan reserve coverage is high: Nonperforming Loan Reserve Coverage Ratio is 182.9 percent, suggesting management has built allowance coverage relative to nonperforming loans.
  • Current net charge-off is shown as zero: Net Charge-Offs is 0.0 USD_B for the latest quarter, which is a positive signal for near-term credit losses based on the provided metric.

Bear case

  • Nonperforming loans are not immaterial: Nonperforming Loans are 0.09 USD_B and the Nonperforming Loans Ratio is 0.91 percent.
  • Loan book is exposed to specific credit segments: The largest exposure categories shown include Commercial Real Estate (2.3 USD_B) and Residential Mortgage Loans (2.0 USD_B), which can be sensitive to economic stress in those areas.
Valuation — source: SEC EDGAR (first-party)
Price$21.25
Market Cap$2.15B
P/E Ratio12.8
EV / EBITDA9.6
Price / Book1.37
Price / Sales3.34
DCF Value (model)$27.13
DCF Upside vs Price27.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$632.69M
Net Margin24.1%
Revenue Growth (YoY)0.2%
EPS Growth (YoY)37.5%
Valuation vs Sector & Industry
Stock P/E12.8
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-15.7%
vs Industry-1.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($258.89M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOThomas Michael Price
Employees1,538
CountryUS
IPO Date1992-06-10

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FCF earnings history · FCF institutional & insider holders · FCF KPIs & operating metrics · FCF financials · FCF investor presentations & press releases · FCF SEC filings · FCF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.