First Commonwealth Financial (NYSE: FCF) OKs new $25M share repurchase plan

Rhea-AI Filing Summary

First Commonwealth Financial Corporation announced that its Board of Directors has authorized a new $25.0 million share repurchase program for the company’s common stock. Management may buy back shares through Rule 10b5‑1 trading plans, open market purchases, privately negotiated deals, block trades or other methods that comply with federal securities laws, including Rule 10b‑18 under the Exchange Act.

The company can suspend or discontinue the program at any time, so the authorization sets a maximum amount but does not guarantee that all $25.0 million will be used.

Insights

Banking sector equity analyst

First Commonwealth adds flexibility with a $25M share repurchase authorization.

First Commonwealth Financial Corporation received Board approval for a new $25.0 million share repurchase program covering its common stock. Repurchases may occur via Rule 10b5‑1 trading plans, open market purchases, privately negotiated transactions, block trades or other methods, as long as they comply with Rule 10b‑18 and other federal securities laws.

This type of program gives management discretion to return capital to shareholders when they judge market conditions and internal capital needs to be appropriate. However, the authorization alone does not indicate timing or the pace of repurchases, and the company may suspend or discontinue the program at any point.

Subsequent disclosures in company reports and press releases will show whether, when, and to what extent the $25.0 million capacity is actually used, which will determine the real impact on share count and per‑share metrics.

falseFIRST COMMONWEALTH FINANCIAL CORP /PA/25-14285282025FY000071253700007125372025-12-012025-12-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 1, 2025

First Commonwealth Financial Corporation

(Exact name of registrant as specified in its charter)

 

Pennsylvania			001-11138			25-1428528
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)
601 Philadelphia Street
Indiana,			PA			15701
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (724) 349-7220

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $1.00 par value			FCF			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On December 1, 2025, First Commonwealth Financial Corporation (the “Company”) issued a press release announcing that its Board of Directors authorized a new $25.0 million share repurchase program of the Company's common stock. 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. The Company may suspend or discontinue the program at any time. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibits

99.1			Press Release dated December 1, 2025 announcing Share Repurchase Program
104			The cover page from this Current Report on Form 8-K, formatted in In-line XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 1, 2025

 

FIRST COMMONWEALTH FINANCIAL CORPORATION

By:

/s/ James R. Reske

Name:

James R. Reske

Title:

Executive Vice President, Chief Financial Officer and Treasurer

FAQ

What did First Commonwealth Financial Corporation (FCF) announce on December 1, 2025?

On December 1, 2025, First Commonwealth Financial Corporation announced that its Board of Directors authorized a new $25.0 million share repurchase program for its common stock.

How large is the new First Commonwealth (FCF) share repurchase program?

The new share repurchase program authorized by First Commonwealth Financial Corporation provides for up to $25.0 million of repurchases of its common stock.

What methods can First Commonwealth (FCF) use to repurchase its shares?

First Commonwealth Financial Corporation may repurchase shares through Rule 10b5‑1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise, in each case in compliance with Rule 10b‑18 and other applicable securities laws.

Is First Commonwealth (FCF) required to use the full $25.0 million repurchase authorization?

No. The company stated that it may suspend or discontinue the share repurchase program at any time, so there is no requirement that the full $25.0 million be utilized.

Where can investors find more details on First Commonwealth’s new buyback program?

Additional details are provided in a press release dated December 1, 2025, which is furnished as Exhibit 99.1 to the report and incorporated by reference.