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 reports recurring developments tied to its regional banking and financial services operations in Pennsylvania and Ohio. The company provides commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products through First Commonwealth Bank and First Commonwealth Insurance Agency.
News about FCF commonly covers quarterly earnings, net interest income and margin trends, credit quality, provision expense, regulatory capital, dividends and common stock repurchase authorizations. Company updates also include leadership appointments, board composition, technology and digital strategy responsibilities, and other governance matters connected to its bank holding company structure.
First Commonwealth Financial Corporation (NYSE: FCF) will hold a conference call on October 26, 2022, at 2:00 p.m. ET to discuss its financial results for Q3 2022. The call will be led by CEO T. Michael Price, along with key executives. The earnings press release will be available after market close on October 25, 2022. Participants can join via phone or internet. This call is critical for investors looking to assess the company's performance and insights into future guidance.
First Commonwealth Financial Corporation (NYSE: FCF) and Centric Financial Corporation (OTCPink: CFCX) have announced a definitive Agreement and Plan of Merger, valued at approximately $144 million or $16.20 per share, to merge Centric into First Commonwealth. The merger is expected to enhance First Commonwealth's market position, contributing $1.0 billion in assets and expanding into key regions. Upon completion, Centric’s CEO, Patti Husic, will join First Commonwealth's board. The merger is projected to be accretive to earnings by 5% in 2023 and 7% in 2024.
First Commonwealth Financial Corporation (NYSE: FCF) reported a net income of $30.8 million for Q2 2022, achieving $0.33 per diluted share, a rise from $0.29 in Q1 2022. The company witnessed a 10.8% annualized increase in total loans, with core revenue growing 27.5% quarter-over-quarter. The net interest income (FTE) rose to $73.9 million, up $5.5 million from the prior quarter. The core efficiency ratio improved to 55.87%. However, total shareholder's equity dropped by $18.5 million due to higher interest rates impacting the investment portfolio.
First Commonwealth Financial Corporation (NYSE: FCF) will host a conference call on July 27, 2022, at 2:00 p.m. ET to discuss its Second Quarter 2022 financial results, releasing the earnings report on July 26 after market close. The call will feature key executives including CEO T. Michael Price and CFO James R. Reske. Participants can join via live webcast or phone. The details of the earnings conference call can be found on the company's Investor Relations webpage. For further inquiries, questions can be submitted via email starting the same day.
First Commonwealth Financial Corporation (NYSE: FCF) reported Q1 2022 net income of $27.7 million or $0.29 per share, down from $34.8 million or $0.37 per share in Q4 2021. The return on assets decreased to 1.18% from 1.45%. The company experienced a $4.3 million drop in core pre-tax pre-provision net revenue primarily due to declines in Paycheck Protection Program (PPP) income. Total loans grew 8.8% annualized, and deposits increased by 9.6%. A 4.3% dividend increase was declared, payable on May 20, 2022.
First Commonwealth Financial Corporation (NYSE: FCF) will hold a conference call on April 27, 2022, at 2:00 p.m. ET to discuss its financial results for Q1 2022. CEO T. Michael Price and key executives will present. The earnings press release will be available before market opening on April 26, 2022. Investors can access the call via phone or the company's investor relations webpage. First Commonwealth operates 118 community banking offices across Pennsylvania and Ohio, offering a broad range of financial services including banking, mortgages, and wealth management.
First Commonwealth Financial Corporation (FCF) reported a robust financial performance for Q4 and the full year of 2021. Q4 net income reached $34.8 million, an increase from $25.7 million in Q4 2020, with diluted EPS at $0.37 compared to $0.27 a year prior. For 2021, net income totaled $138.3 million, or $1.44 per share, up 88% year-over-year. Total loans increased 7.5% yearly excluding PPP loans, while average deposits rose 6.3%. The bank maintained strong capital ratios and declared a quarterly dividend of $0.115 per share.
First Commonwealth Financial Corporation (NYSE: FCF) will host a conference call on January 26, 2022, at 2:00 p.m. ET to discuss its financial results for Q4 and the full year ended December 31, 2021. The call will feature CEO T. Michael Price and other executives. A press release with the financial results will be issued after market close on January 25, 2022. Investors can access the call live via phone or online. For more information, visit www.fcbanking.com/investorrelations.
First Commonwealth Financial Corporation (NYSE: FCF) reported strong financial results for Q3 2021, achieving net income of $34.1 million or $0.36 per share, up from $29.6 million in Q2 2021. Year-to-date loan growth reached $298.1 million or 6.3% annualized. The net interest margin also improved to 3.23%, a 6 basis points increase from Q2 2021. Additionally, the bank maintained a solid capital position with a Tier 1 Capital ratio of 11.9%. A quarterly dividend of $0.115 per share was declared, representing a 4.5% increase year-over-year.
First Commonwealth Financial Corporation (NYSE: FCF) will hold a conference call on October 27, 2021, at 2:00 p.m. ET to discuss its financial results for Q3 2021. This call will feature key executives, including CEO T. Michael Price and CFO James R. Reske. A press release detailing the financial results will be issued after market close on October 26, 2021. The call can be accessed through the company's Investor Relations webpage or by phone. Participants can submit questions via email during the call.