First Commonwealth Financial Corp (N:FCF)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 601 Philadelphia St
INDIANA PA 15701
Tel: N/A
Website: https://www.fcbanking.com
IR: See website
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Key People
Thomas Michael Price
President, Chief Executive Officer, Director
James R. Reske
Chief Financial Officer, Executive Vice President, Treasurer
Matthew C. Tomb
Executive Vice President, Chief Risk Officer, General Counsel
Carrie L. Riggle
Executive Vice President - Human Resources
Jane Grebenc
Executive Vice President, Chief Revenue Officer, Director, President of First Commonwealth Bank
Leonard V. Lombardi
Executive Vice President, Chief Audit Executive
Brian G. Karrip
Executive Vice President, Chief Credit Officer of First Commonwealth Bank
Norman J. Montgomery
Executive Vice President - Business Integration of First Commonwealth Bank
 
Business Overview
First Commonwealth Financial Corporation is a financial holding company. The Company's operating subsidiaries include First Commonwealth Bank (the Bank), First Commonwealth Insurance Agency, Inc. (FCIA) and FRAMAL. It provides a diversified array of consumer and commercial banking services through its bank subsidiary, FCB. It also provides trust and wealth management services through FCB and offer insurance products through FCIA. The Bank operated 126 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus, Canfield and Hudson, Ohio. The Bank also operates a network of 138 automated teller machines. All of its ATMs are part of the NYCE and MasterCard/Cirrus networks, both of which operate nationwide. The Bank is a member of the Allpoint ATM network, which allows surcharge-free access to over 55,000 ATMs.
Financial Overview
For the fiscal year ended 31 December 2023, First Commonwealth Financial Corp interest income increased 61% to $530M. Net interest income after loan loss provision increased 27% to $370.9M. Net income increased 23% to $157.1M. Net interest income after loan loss provision reflects financial holding company segment increase from $0K to $370.9M, Net Interest Margin, Total -% increase of 6% to 3.81%.
Employees: 1,437 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,962M as of Dec 31, 2023
Annual revenue (TTM): $530.00M as of Dec 31, 2023
EBITDA (TTM): $249.03M as of Dec 31, 2023
Net annual income (TTM): $157.06M as of Dec 31, 2023
Free cash flow (TTM): $77.91M as of Dec 31, 2023
Net Debt Last Fiscal Year: $655.03M as of Dec 31, 2023
Shares outstanding: 102,198,902 as of Mar 1, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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