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 |
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 |