First Commonwealth Financial Financials

FCF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows First Commonwealth Financial (FCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 76/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

First Commonwealth Financial's revenue grew 13.3% year-over-year to $600.5M, a solid pace of expansion. This earns a growth score of 67/100.

Leverage

100

First Commonwealth Financial carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

First Commonwealth Financial converts 19.0% of revenue into free cash flow ($113.9M). This strong cash generation earns a score of 95/100.

Returns

First Commonwealth Financial's ROE of 10.2% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 11.9% the prior year.

Piotroski F-Score Neutral

4/9

First Commonwealth Financial passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.91x

For every $1 of reported earnings, First Commonwealth Financial generates $0.91 in operating cash flow ($129.5M OCF vs $142.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$600.5M

YoY+13.3%

5Y CAGR+13.0%

10Y CAGR+11.5%

First Commonwealth Financial generated $600.5M in revenue in fiscal year 2024. This represents an increase of 13.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$113.9M

YoY-11.5%

5Y CAGR+4.8%

10Y CAGR+4.8%

First Commonwealth Financial generated $113.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 11.5% from the prior year.

Net Income

$142.6M

YoY-9.2%

5Y CAGR+6.2%

10Y CAGR+12.4%

First Commonwealth Financial reported $142.6M in net income in fiscal year 2024. This represents a decrease of 9.2% from the prior year.

EPS (Diluted)

$1.39

YoY-9.7%

5Y CAGR+5.4%

10Y CAGR+11.2%

First Commonwealth Financial earned $1.39 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 9.7% from the prior year.

Cash & Debt

$133.4M

YoY-9.2%

5Y CAGR+1.8%

10Y CAGR+6.0%

First Commonwealth Financial held $133.4M in cash against $263.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.52

YoY+4.0%

5Y CAGR+5.2%

10Y CAGR+6.3%

First Commonwealth Financial paid $0.52 per share in dividends in fiscal year 2024. This represents an increase of 4.0% from the prior year.

Shares Outstanding

102M

YoY-0.3%

5Y CAGR+0.7%

10Y CAGR+1.0%

First Commonwealth Financial had 102M shares outstanding in fiscal year 2024. This represents a decrease of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.7%

YoY-5.9pp

5Y CAGR-8.6pp

10Y CAGR+1.7pp

First Commonwealth Financial's net profit margin was 23.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

10.2%

YoY-1.8pp

5Y CAGR+0.2pp

10Y CAGR+3.9pp

First Commonwealth Financial's ROE was 10.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$12.6M

YoY-15.6%

5Y CAGR+15.1%

10Y CAGR-8.6%

First Commonwealth Financial spent $12.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 15.6% from the prior year.

Capital Expenditures

$15.5M

YoY-29.4%

5Y CAGR-2.2%

10Y CAGR+3.5%

First Commonwealth Financial invested $15.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 29.4% from the prior year.

FCF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$600.5M+13.3%	$530.0M+60.6%	$330.0M+12.3%	$293.8M-2.4%	$301.2M-7.4%	$325.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$221.6M+53.5%	$144.3M+713.9%	$17.7M+15.9%	$15.3M-53.6%	$32.9M-40.5%	$55.4M
Income Tax	$35.6M-12.0%	$40.5M+26.5%	$32.0M-7.4%	$34.6M+106.3%	$16.8M-34.3%	$25.5M
Net Income	$142.6M-9.2%	$157.1M+22.5%	$128.2M-7.3%	$138.3M+88.2%	$73.4M-30.3%	$105.3M
EPS (Diluted)	$1.39-9.7%	$1.54+12.4%	$1.37-4.9%	$1.44+92.0%	$0.75-29.9%	$1.07

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$162.7M+2.4%	$158.9M+8.0%	$147.1M+2.0%	$144.3M+3.1%	$139.9M+6.6%	$131.3M+14.6%	$114.6M+19.0%	$96.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$51.6M-2.1%	$52.7M+2.1%	$51.6M+6.4%	$48.5M+15.2%	$42.1M+26.0%	$33.4M+65.3%	$20.2M+145.1%	$8.3M
Income Tax	$10.5M+21.1%	$8.7M+3.8%	$8.3M-29.9%	$11.9M+18.3%	$10.1M-7.2%	$10.8M+40.5%	$7.7M-15.7%	$9.1M
Net Income	$41.3M+23.7%	$33.4M+2.2%	$32.7M-27.1%	$44.8M+14.3%	$39.2M-8.3%	$42.8M+41.5%	$30.2M-15.4%	$35.7M
EPS (Diluted)	$0.39+21.9%	$0.320.0%	$0.32-27.3%	$0.44+15.8%	$0.38-9.5%	$0.42+40.0%	$0.30-23.1%	$0.39

FCF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.6B+1.1%	$11.5B+16.9%	$9.8B+2.7%	$9.5B+5.3%	$9.1B+9.1%	$8.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$133.4M-9.2%	$147.0M-4.7%	$154.2M-61.0%	$395.4M+10.9%	$356.6M+192.6%	$121.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$363.7M0.0%	$363.7M+19.9%	$303.3M0.0%	$303.3M0.0%	$303.3M0.0%	$303.3M
Total Liabilities	$10.2B+0.3%	$10.1B+15.9%	$8.8B+3.8%	$8.4B+5.5%	$8.0B+10.3%	$7.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$263.0M+40.8%	$186.8M+3.1%	$181.2M-0.6%	$182.3M-21.9%	$233.3M-0.4%	$234.2M
Total Equity	$1.4B+6.9%	$1.3B+24.9%	$1.1B-5.2%	$1.1B+3.8%	$1.1B+1.2%	$1.1B
Retained Earnings	$971.1M+10.2%	$881.1M+13.7%	$774.9M+12.1%	$691.3M+15.9%	$596.6M+3.3%	$577.3M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$12.3B+0.6%	$12.2B+3.8%	$11.8B+2.9%	$11.5B+0.3%	$11.4B+0.9%	$11.3B+1.8%	$11.1B+13.3%	$9.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$161.4M+0.8%	$160.2M+13.3%	$141.4M-3.8%	$147.0M-56.4%	$337.1M-24.9%	$448.9M+13.4%	$395.8M+156.6%	$154.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$378.2M-0.1%	$378.7M+4.1%	$363.7M0.0%	$363.7M0.0%	$363.7M0.0%	$363.7M+0.9%	$360.4M+18.8%	$303.3M
Total Liabilities	$10.8B+0.5%	$10.7B+3.7%	$10.3B+1.9%	$10.1B-0.4%	$10.2B+0.9%	$10.1B+2.0%	$9.9B+13.0%	$8.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$262.1M-0.1%	$262.4M-0.1%	$262.7M+40.7%	$186.8M-0.1%	$187.0M-0.1%	$187.3M-0.1%	$187.5M+3.5%	$181.2M
Total Equity	$1.5B+1.6%	$1.5B+4.9%	$1.4B+10.1%	$1.3B+5.9%	$1.2B+0.7%	$1.2B+0.6%	$1.2B+16.4%	$1.1B
Retained Earnings	$1.0B+2.7%	$1.0B+1.9%	$990.5M+12.4%	$881.1M+3.8%	$849.0M+3.2%	$822.6M+3.8%	$792.7M+2.3%	$774.9M

FCF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$129.5M-14.1%	$150.8M-0.4%	$151.4M-8.3%	$165.0M+56.1%	$105.7M-1.8%	$107.6M
Capital Expenditures	$15.5M-29.4%	$22.0M+96.6%	$11.2M+5.3%	$10.6M+39.7%	$7.6M-56.2%	$17.4M
Free Cash Flow	$113.9M-11.5%	$128.7M-8.2%	$140.2M-9.2%	$154.4M+57.4%	$98.1M+8.7%	$90.3M
Investing Cash Flow	-$121.7M+78.8%	-$574.3M+2.5%	-$588.8M-4.2%	-$565.3M-17.0%	-$483.1M-493.0%	$122.9M
Financing Cash Flow	-$21.3M-105.1%	$416.3M+112.1%	$196.2M-55.3%	$439.1M-28.3%	$612.2M+394.8%	-$207.7M
Dividends Paid	$52.6M+3.5%	$50.8M+14.0%	$44.6M+2.2%	$43.6M+1.5%	$43.0M+9.1%	$39.4M
Share Buybacks	$12.6M-15.6%	$15.0M-4.1%	$15.6M-50.2%	$31.3M+49.7%	$20.9M+234.0%	$6.3M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$49.5M+62.8%	$30.4M-45.6%	$55.9M+27.0%	$44.0M+115.8%	$20.4M-57.3%	$47.7M+23.7%	$38.6M-9.7%	$42.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$73.6M+15.7%	-$87.4M+59.1%	-$213.6M+5.2%	-$225.3M-6.3%	-$212.0M-43.2%	-$148.1M-1432.3%	$11.1M+104.3%	-$260.3M
Financing Cash Flow	$25.4M-66.5%	$75.8M-54.2%	$165.6M+1978.7%	-$8.8M-111.0%	$79.8M-48.0%	$153.4M-20.0%	$191.8M+0.4%	$191.1M
Dividends Paid	$14.1M-0.4%	$14.2M+6.9%	$13.2M+3.7%	$12.8M-0.3%	$12.8M-0.6%	$12.9M+4.2%	$12.4M+10.4%	$11.2M
Share Buybacks	$10.6M+1992.5%	$508K-71.9%	$1.8M+110.1%	$860K-73.3%	$3.2M-64.9%	$9.2M+428.7%	$1.7M	$0

FCF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.7%-5.9pp	29.6%-9.2pp	38.9%-8.2pp	47.0%+22.7pp	24.4%-8.0pp	32.4%
Return on Equity	10.2%-1.8pp	11.9%-0.2pp	12.2%-0.3pp	12.5%+5.6pp	6.9%-3.1pp	10.0%
Return on Assets	1.2%-0.1pp	1.4%+0.1pp	1.3%-0.1pp	1.5%+0.6pp	0.8%-0.5pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.19+0.0	0.14-0.0	0.170.0	0.16-0.1	0.220.0	0.22
FCF Margin	19.0%-5.3pp	24.3%-18.2pp	42.5%-10.1pp	52.5%+20.0pp	32.6%+4.8pp	27.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.4%+4.4pp	21.0%-1.2pp	22.2%-8.8pp	31.1%+3.0pp	28.1%-4.5pp	32.6%+6.2pp	26.4%-10.7pp	37.1%
Return on Equity	2.7%+0.5pp	2.2%-0.1pp	2.3%-1.1pp	3.4%+0.2pp	3.2%-0.3pp	3.5%+1.0pp	2.5%-0.9pp	3.4%
Return on Assets	0.3%+0.1pp	0.3%0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.3%-0.0pp	0.4%+0.1pp	0.3%-0.1pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.170.0	0.170.0	0.18+0.0	0.140.0	0.150.0	0.150.0	0.15-0.0	0.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is First Commonwealth Financial's annual revenue?

First Commonwealth Financial (FCF) reported $600.5M in total revenue for fiscal year 2024. This represents a 13.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Commonwealth Financial's revenue growing?

First Commonwealth Financial (FCF) revenue grew by 13.3% year-over-year, from $530.0M to $600.5M in fiscal year 2024.

Is First Commonwealth Financial profitable?

Yes, First Commonwealth Financial (FCF) reported a net income of $142.6M in fiscal year 2024, with a net profit margin of 23.7%.

What is First Commonwealth Financial's earnings per share (EPS)?

First Commonwealth Financial (FCF) reported diluted earnings per share of $1.39 for fiscal year 2024. This represents a -9.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does First Commonwealth Financial have?

As of fiscal year 2024, First Commonwealth Financial (FCF) had $133.4M in cash and equivalents against $263.0M in long-term debt.

What is First Commonwealth Financial's net profit margin?

First Commonwealth Financial (FCF) had a net profit margin of 23.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does First Commonwealth Financial pay dividends?

Yes, First Commonwealth Financial (FCF) paid $0.52 per share in dividends during fiscal year 2024.

What is First Commonwealth Financial's return on equity (ROE)?

First Commonwealth Financial (FCF) has a return on equity of 10.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is First Commonwealth Financial's free cash flow?

First Commonwealth Financial (FCF) generated $113.9M in free cash flow during fiscal year 2024. This represents a -11.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Commonwealth Financial's operating cash flow?

First Commonwealth Financial (FCF) generated $129.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are First Commonwealth Financial's total assets?

First Commonwealth Financial (FCF) had $11.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are First Commonwealth Financial's capital expenditures?

First Commonwealth Financial (FCF) invested $15.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does First Commonwealth Financial buy back shares?

Yes, First Commonwealth Financial (FCF) spent $12.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does First Commonwealth Financial have outstanding?

First Commonwealth Financial (FCF) had 102M shares outstanding as of fiscal year 2024.

What is First Commonwealth Financial's debt-to-equity ratio?

First Commonwealth Financial (FCF) had a debt-to-equity ratio of 0.19 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Commonwealth Financial's return on assets (ROA)?

First Commonwealth Financial (FCF) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is First Commonwealth Financial's Piotroski F-Score?

First Commonwealth Financial (FCF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Commonwealth Financial's earnings high quality?

First Commonwealth Financial (FCF) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Commonwealth Financial?

First Commonwealth Financial (FCF) scores 76 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.