First Commonwealth Financial Corporation (FCF)

Several events have influenced First Commonwealth Financial Corp.'s stock price in the past six months. The company is scheduled to host its Fourth Quarter and Full-Year 2025 Earnings Conference Call on January 28, 2026, and announced a share repurchase program in December 2025. Joseph V. DiVito Jr. was appointed to the Board of Directors on November 3, 2025. The third quarter of 2025 saw a non-GAAP profit miss due to a charge-off related to a dealer floor plan fraud, higher provision expenses, and a challenging commercial real estate refinancing environment. Despite these challenges, the company reported improvements in net interest margin and core deposit growth in Q3 2025. Analyst ratings have fluctuated, with Raymond James Financial upgrading FCF, while other firms cut ratings. Piper Sandler initiated coverage with an "overweight" rating in December 2025. The stock's price has seen a 7.27% return over 90 days and a 12.28% total shareholder return over one year as of January 10, 2026.

The banking industry, including First Commonwealth Financial Corp., experiences seasonal trends in loan and deposit demand. Loan demand tends to be highest in the spring and summer, decreasing in December, January, and February, influenced by factors like the home-buying season. Deposits tend to flow out of the U.S. banking system in January and February, with inflows later in the year, leading banks to increase rates on retail deposit products in January. Interest rate changes significantly drive loan demand, with falling rates increasing demand and rising rates decreasing it.

First Commonwealth Financial Corporation operates as a financial holding company with subsidiaries like First Commonwealth Bank and First Commonwealth Insurance Agency, offering commercial banking, consumer banking, mortgage services, equipment finance, wealth management, and insurance products. Its services include personal and business accounts, loans, debit cards, investment certificates, credit cards, IRA accounts, trust and wealth management, annuities, mutual funds, and brokerage services, primarily serving small to mid-sized businesses and individual consumers.

First Commonwealth Financial Corp. has a significant presence across western and central Pennsylvania and Ohio, operating 127 community banking offices in 30 counties. It has commercial lending operations in Pittsburgh, Harrisburg, Canton, Cleveland, Columbus, and Cincinnati, and mortgage offices in Wexford, Hudson, and Lewis Center. The company also operates a network of automated teller machines.

First Commonwealth Financial Corp. has received positive recognition for its performance and customer service in the past year. S&P Global Market Intelligence ranked it 41st on its list of top banks for 2024, and Forbes recognized it as a "Best in State Bank" for Pennsylvania. The company's management emphasized that the Q3 2025 earnings impact from a dealer floor plan fraud was isolated and expected to be resolved.

First Commonwealth Financial Corp. is primarily owned by institutional investors, mutual funds, and individual shareholders. Institutional shareholders held 76.37% of the stock, insiders held 7.90%, and retail investors held 15.73% as of late 2025. Major institutional owners include Blackrock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, and State Street Corp. The largest individual shareholder is Dale P. Latimer.