STOCK TITAN

First Commonwealth Financial Corp. - FCF STOCK NEWS

Welcome to our dedicated news page for First Commonwealth Financial (Ticker: FCF), a resource for investors and traders seeking the latest updates and insights on First Commonwealth Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Commonwealth Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Commonwealth Financial's position in the market.

Rhea-AI Summary
First Commonwealth Financial (NYSE: FCF) announced its first-quarter 2024 financial results, with net income of $37.5 million, diluted earnings per share of $0.37, and a 4.0% increase in the quarterly cash dividend to shareholders. The company reported a strong pre-tax, pre-provision return on average assets of 1.77% and return on average tangible common equity of 16.51%. Key highlights include an increase in average deposits, a decrease in net interest margin, and a rise in nonperforming loans. First Commonwealth also disclosed plans to retire $50 million of variable rate subordinate corporate debentures and incur related operating expenses in the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.18%
Tags
dividends earnings
-
Rhea-AI Summary
First Commonwealth Financial (NYSE: FCF) will host a conference call on April 24, 2024, to discuss financial results for the quarter ended March 31, 2024. The call will feature key executives and will be accessible via webcast or phone. Investors can submit questions via email. The earnings press release will be available on April 23, 2024, on the company's investor relations webpage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
Tags
conferences earnings
-
Rhea-AI Summary
First Commonwealth Financial Corporation (FCF) reported record net income of $44.8 million and diluted earnings per share of $0.44 for the fourth quarter of 2023. The company's core net income was $172.7 million for the full year, with a core pre-tax pre-provision net revenue of $221.5 million. Total loans increased by $63.7 million, and average deposits grew by $37.3 million. The net interest margin decreased to 3.65%, and the core efficiency ratio was 53.00%. The provision for credit losses decreased to ($1.9) million, and the allowance for credit losses as a percentage of end-of-period loans was 1.31%. Nonperforming loans decreased by $8.5 million, and net charge-offs on loans totaled $16.3 million for the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.22%
Tags
dividends earnings
Rhea-AI Summary
First Commonwealth Financial Corporation (FCF) will host a conference call on January 31, 2024, to discuss financial results for the quarter ended December 31, 2023. The call will be hosted by T. Michael Price, President and Chief Executive Officer, and other key executives. The press release for the Fourth Quarter 2023 financial results will be issued on January 30, 2024. The call can be accessed via webcast or phone, and participants can submit questions via email. The earnings press release will be available on the company's website after it is published.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
conferences earnings
-
Rhea-AI Summary
First Commonwealth Financial Corporation announces financial results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
dividends earnings
-
Rhea-AI Summary
First Commonwealth Financial Corporation to host conference call for Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
First Commonwealth Financial Corp.

NYSE:FCF

FCF Rankings

FCF Stock Data

1.30B
99.81M
1.8%
73.54%
1.14%
Commercial Banking
Finance and Insurance
Link
US
Indiana

About FCF

we know why we’re here: to put you first. we do it by building long-term relationships with our customers and our employees. by reaching out to the communities we live and work in. by listening and helping to find the best solutions to get you to your financial goals. our success is built on creating an authentic community banking experience, delivered by caring and talented employees. each team member is valued for the ideas they bring to the table, knowing we make stronger business decisions through the diversity of our workforce. we are committed to developing thoughtful leaders who want to make a difference in the places we live and work through careers in banking. member fdic fcb nmls # 479240