First Commonwealth Financial Stock Price, News & Analysis

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.

First Commonwealth Financial Corporation (FCF) reported its second quarter 2021 financial results, revealing a net income of $29.6 million or $0.31 per share, up from $23.9 million year-over-year. Although net income decreased from $39.8 million in Q1 2021, core revenue grew by 6.9% year-over-year. Portfolio loans increased by 12.1% annualized, while average deposits rose 19.9% annualized. The net interest margin stood at 3.17%, down from 3.40% in the previous quarter. FCF announced a 4.5% dividend increase, continuing its strong capital position with a Tier 1 Capital ratio of 11.9%.

First Commonwealth Financial Corporation (NYSE: FCF) will hold a conference call on July 28, 2021, at 2:00 p.m. ET to discuss its financial results for Q2 2021. The call will be led by CEO T. Michael Price and CFO James R. Reske, among others. The second quarter earnings press release will be issued on July 27, 2021, after market close. Investors can access the call via live webcast or phone. Additional details can be found on their Investor Relations webpage.

First Commonwealth Bank has announced its entry into the equipment leasing and finance sector, appointing Rob Boyer as President of the new division. Boyer, with 26 years of experience, aims to lead the bank's small ticket equipment finance initiatives. The CEO, T. Michael Price, highlighted that this strategic move aligns with the bank's goal of enhancing its commercial portfolio and will potentially contribute to earnings by late 2022. The new division will be based in suburban Philadelphia, building on the bank's previous successful expansions.

First Commonwealth Financial Corporation (NYSE: FCF) reported strong financial results for Q1 2021, with net income of $39.8 million and diluted EPS of $0.41, marking substantial increases from both the previous quarter and year. Key highlights include a 27 basis point rise in pre-tax pre-provision ROAA to 2.00%, boosted net interest income of $69.8 million, and a significant 4.5% increase in the quarterly dividend. The company also reported improved asset quality with reduced nonperforming loans and net charge-offs.

First Commonwealth Financial Corporation (NYSE: FCF) will host a conference call on April 28, 2021, at 2:00 p.m. ET to discuss its Q1 2021 financial results. The call will feature key executives including CEO T. Michael Price and CFO James R. Reske. A press release with detailed earnings will be issued prior to the call on April 27, 2021. Participants can join via phone or webcast, with a replay available afterward. The company operates 119 banking offices across Pennsylvania and Ohio, offering a range of financial services.

First Commonwealth Financial Corporation (NYSE: FCF) announced that David S. Dahlmann will step down as Chair of the Board on April 27, 2021, after serving since 2005. Jon L. Gorney, an independent director since 2013, will succeed him. Dahlmann expressed gratitude for his tenure, highlighting the board's strength in governance. Gorney, with extensive banking experience, believes in continuing to deliver shareholder value. CEO T. Michael Price credited Dahlmann for inspiring independent governance and emphasized Gorney’s tech background as pivotal for future banking strategies.