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

News Market Reaction

+0.55%

1 alert

+0.55% News Effect

On the day this news was published, FCF gained 0.55%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New repurchase authorization: $25.0 million Completed repurchase program: $25.0 million Shares repurchased: 1,560,477 shares +1 more

4 metrics

New repurchase authorization $25.0 million New common stock share repurchase program

Completed repurchase program $25.0 million Prior common stock repurchase completed in Q4 2025

Shares repurchased 1,560,477 shares Total shares repurchased under prior program in Q4 2025

Average repurchase price $16.02 Weighted average price paid per share in Q4 2025 repurchases

Market Reality Check

Price: $17.47 Vol: Volume 581,208 is slightl...

normal vol

$17.47 Last Close

Volume Volume 581,208 is slightly below the 20-day average of 621,823 (relative volume 0.93x). normal

Technical Price $17.20 is trading above the 200-day MA at $16.18 and 8.61% below the 52-week high of $18.82.

Peers on Argus

FCF was up 3.02% while key regional bank peers showed mixed moves, ranging from ...

FCF was up 3.02% while key regional bank peers showed mixed moves, ranging from a -0.65% decline (CHCO) to a 1.03% gain (LKFN), indicating a stock-specific reaction rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Share repurchase	Positive	+0.6%	Board authorized new $25.0M repurchase after completing prior program.
Nov 03	Board appointment	Positive	+1.1%	Appointment of experienced director Joseph V. DiVito Jr. to board.
Oct 28	Earnings & dividend	Positive	+0.5%	Q3 2025 earnings with dividend declaration and ongoing share repurchases.
Oct 14	Earnings call notice	Neutral	-1.1%	Announcement of timing and access details for Q3 earnings call.
Jul 29	Earnings & dividend	Positive	+1.7%	Q2 2025 earnings, dividend increase, and additional $25M repurchase plan.

Pattern Detected

Recent news events, including earnings, dividends, governance changes, and buybacks, have most often coincided with modestly positive price reactions, with only one negative move among the last five items.

Recent Company History

This announcement of a new $25.0 million repurchase authorization follows a pattern of steady capital returns and governance updates for First Commonwealth. In Q2 and Q3 2025, the company reported solid earnings with net income between $33.4M and $41.3M, dividend declarations, and prior buyback authorizations. Board changes and conference call announcements also featured, generally prompting small positive moves. The new buyback extends this capital return strategy after completing a prior $25.0 million program at an average price of $16.02 per share.

Market Pulse Summary

This announcement detailed a new $25.0 million share repurchase program after completing a prior $25...

Analysis

This announcement detailed a new $25.0 million share repurchase program after completing a prior $25.0 million buyback covering 1,560,477 shares at an average price of $16.02. It adds to a 2025 backdrop of solid quarterly earnings, regular dividends, and occasional board changes. Investors may focus on how actively the authorization is used, future earnings trends, and ongoing regulatory filings, including Forms 4 and 8-K, to assess how capital return fits within the broader strategy.

Key Terms

share repurchase program, rule 10b5-1 plans, open market purchases, privately negotiated transactions, +2 more

6 terms

share repurchase program financial

"authorized a new $25.0 million share repurchase program of the company's common stock"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

rule 10b5-1 plans regulatory

"authorized to repurchase shares through Rule 10b5-1 plans, open market purchases"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

open market purchases financial

"through Rule 10b5-1 plans, open market purchases, privately negotiated"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

privately negotiated transactions financial

"open market purchases, privately negotiated transactions, block purchases"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

block purchases financial

"privately negotiated transactions, block purchases or otherwise in a manner"

A block purchase is a large, privately negotiated trade of shares or bonds executed between institutions or big investors outside the regular public market. Think of it like buying a pallet of goods at once instead of individual items; it lets buyers and sellers move big positions with less public price disruption, but it can still signal shifting ownership and affect market liquidity and investor perceptions of demand for the security.

rule 10b-18 regulatory

"comply with applicable federal securities laws, including Rule 10b-18 of the"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

AI-generated analysis. Not financial advice.

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.