Welcome to our dedicated page for First Commonwealth Financial news (Ticker: FCF), a resource for investors and traders seeking the latest updates and insights on First Commonwealth Financial stock.
First Commonwealth Financial Corporation (NYSE: FCF) delivers community-focused banking services across Pennsylvania and Ohio through consumer accounts, commercial lending, and wealth management solutions. This news hub provides investors and stakeholders with essential updates about the company’s operations, financial performance, and market position.
Track FCF’s latest developments through verified press releases, earnings reports, and strategic announcements. Users will find timely information on dividend declarations, regulatory filings, leadership changes, and partnership initiatives – all critical for assessing this regional bank’s trajectory.
The curated collection includes updates across three categories: quarterly financial disclosures, community reinvestment activities, and service expansion announcements. Each entry maintains factual accuracy required for informed decision-making while avoiding speculative commentary.
Bookmark this page for streamlined access to FCF’s evolving story. Combine regular visits with Stock Titan’s financial tools to monitor how market developments align with the company’s community banking philosophy and long-term growth strategies.
First Commonwealth Financial (NYSE: FCF) reported second quarter 2024 earnings with net income of $37.1 million and diluted earnings per share of $0.36. This represents a slight decrease from the previous quarter and a more significant decline from Q2 2023. Key highlights include:
- Net interest margin improved to 3.57%, up 5 basis points from Q1 2024
- Average deposits increased by $199.9 million, or 8.7% annualized
- Total loans grew by $13.9 million, driven by equipment finance loans
- Core efficiency ratio improved to 53.6%
- Provision for credit losses increased to $7.8 million
- Nonperforming loans rose to $57.1 million, partly due to acquired loans
The bank maintained strong capital ratios and declared a quarterly dividend of $0.13 per share, representing a 4.0% increase from the previous year.
First Commonwealth Financial (NYSE: FCF) will host a conference call on July 24, 2024, at 2:00 p.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2024. The call, led by CEO T. Michael Price, will be joined by CFO James R. Reske, CRO Jane Grebenc, and Chief Credit Officer Brian G. Karrip. The press release detailing the earnings will be issued after market close on July 23, 2024.
The conference call will be available via webcast on the company's Investor Relations webpage or by phone. A replay will be accessible using the provided phone numbers and access codes. For questions, participants can email investorrelations@fcbanking.com starting at 9:00 a.m. on July 24, 2024.
The Federal Home Loan Bank of Pittsburgh (FHLBank) has announced the recipients of its 2024 Annual Member Awards. The Diversity, Equity, and Inclusion Membership Award was given to CNB Bank for their comprehensive DEI initiatives, including programs supporting veterans, women business owners, and underbanked populations. CNB Bank also has robust internal DEI programming.
The Pillars of the Community Awards were granted to First Commonwealth Bank and Wayne Bank. First Commonwealth Bank has supported 40 affordable housing projects since 2017 and assisted 100 first-time homebuyers in 2023. Wayne Bank has funded 21 projects through the Home4Good program and supports commercial rental developments and small businesses.
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