First Commonwealth Announces Share Repurchase Program

Rhea-AI Summary

First Commonwealth (NYSE: FCF) announced that its Board authorized a new $25.0 million common stock repurchase program on Dec. 1, 2025.

During Q4 2025 the company completed a prior $25.0 million repurchase program, buying 1,560,477 shares at a weighted average price of $16.02 per share. Repurchases may be executed via Rule 10b5-1 plans, open-market purchases, privately negotiated or block transactions and are intended to comply with applicable federal securities laws, including Rule 10b-18. The company may suspend or discontinue the program at any time.

Positive

• New authorization of $25.0M share repurchase program
• Completed prior $25.0M repurchase in Q4 2025
• Repurchased 1,560,477 shares at a weighted average price of $16.02

Negative

• Repurchase program may be suspended or discontinued at any time

INDIANA, Pa., Dec. 01, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced that its Board of Directors has authorized a new $25.0 million share repurchase program of the company's common stock.  During the fourth quarter of 2025, First Commonwealth completed its previously announced $25.0 million common stock repurchase program, repurchasing a total of 1,560,477 shares at a weighted average price of $16.02.

Under the new program, management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in a manner that is intended to comply with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934. First Commonwealth may suspend or discontinue the program at any time.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services Company with 127 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Pittsburgh and Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio. The Company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.

Media Relations:
Ron Wahl
Communications and Media Relations
Phone: 724-463-6806
E-mail: RWahl@fcbanking.com 

Investor Relations:
Ryan M. Thomas
Vice President / FP&A and Investor Relations
Phone: 724-463-1690
E-mail: RThomas1@fcbanking.com 

FAQ

What did First Commonwealth (FCF) announce on Dec. 1, 2025 about share repurchases?

The Board authorized a new $25.0 million common stock repurchase program.

How many shares did First Commonwealth repurchase in Q4 2025 under the prior program (FCF)?

The company repurchased 1,560,477 shares at a weighted average price of $16.02.

What methods will First Commonwealth (FCF) use to execute the new $25.0M buyback?

Repurchases may be made via Rule 10b5-1 plans, open-market purchases, privately negotiated transactions, or block purchases.

When could First Commonwealth (FCF) stop the repurchase program?

The company said it may suspend or discontinue the program at any time.

Does First Commonwealth (FCF) say the new repurchase will comply with securities laws?

Yes; repurchases are intended to comply with applicable federal securities laws, including Rule 10b-18.

How much total authorization has First Commonwealth (FCF) provided for repurchases as of Dec. 1, 2025?

The newly authorized program is for $25.0 million; a prior $25.0 million program was completed in Q4 2025.