Latest revenue
$2.4M
as of 2026-03-31
Latest net income
$37.5M
as of 2026-03-31
Net margin
1558.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $1.89B
- Enterprise value
- $1.89B
- P/E (trailing)
- 12.4×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.9%
- 52-wk high
- $19.14
- 52-wk low
- $15.00
- Beta
- —
- Shares out
- 101.7M
5-year trend
What this company does
First Commonwealth Financial is a Pennsylvania-based regional bank holding company operating 126 branches across western/central Pennsylvania and Ohio, with $12.3 billion in assets and a focus on commercial and consumer lending, wealth management, and insurance. It earns money primarily through net interest income on its $9.8 billion loan book—weighted toward commercial, commercial real estate, and residential mortgage loans—supplemented by trust, wealth, and insurance fees. The bank closed its acquisition of CenterGroup Financial in April 2025, deepening its Cincinnati footprint and continuing a multi-decade roll-up strategy across the Mid-Atlantic and Ohio.
Key risks
- CRE concentration: ~76% of $9.8B loan book is commercial-oriented with non-owner-occupied CRE underwritten to 75% LTV, vulnerable to vacancy/value declines.
- Acquisition-driven growth: April 2025 CenterBank deal adds integration risk; management explicitly warns future M&A may dilute tangible book value and EPS.
- Geographic concentration in western/central Pennsylvania and Ohio (126 branches, 30 counties) leaves earnings exposed to regional economic downturns in Rust Belt markets.
Profitability
Net margin
20.9%
2.5%Return on equity
10.8%
0.1%Return on assets
65.3%
5.2%Leverage
Debt / equity
-0.83×
1.1%Long-term debt / equity
0.19×
6.9%Debt / assets
-502.7%
6.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.4M | +18.1% | $37.5M | +14.8% | 1558.7% |
Q4 2025 2025-12-31 | $718.4M | +4.2% | $44.9M | +25.2% | 6.2% |
Q3 2025 2025-09-30 | $5.4M | +3.1% | $41.3M | +28.8% | 761.4% |
Q2 2025 2025-06-30 | $3.6M | +25.9% | $33.4M | -9.9% | 921.2% |
Q1 2025 2025-03-31 | $2.0M | +7.4% | $32.7M | -12.9% | 1603.5% |
Q4 2024 2024-12-31 | $689.7M | — | $35.8M | — | 5.2% |
Q3 2024 2024-09-30 | $5.3M | +31.3% | $32.1M | -18.2% | 609.7% |
Q2 2024 2024-06-30 | $2.9M | +8.6% | $37.1M | -13.3% | 1287.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
National Commercial Banks · SIC 6021
Your notes
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Insider activity
Insider buying
$168.6K
Insider selling
$2.2M
Net activity
−$2.0M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FCF
Institutional value
$872.0M
Total shares held
50.3M
Distinct holders
162
-83 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 14.7M | $258.9M | -148.1K (-1.0%) | Trimmed |
| 2 | DIMENSIONAL FUND ADVISORS LP | 6.4M | $111.8M | -7.2K (-0.1%) | Trimmed |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.2M | $109.5M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 4.4M | $77.6M | — | New |
| 5 | FRANKLIN RESOURCES INC | 4.2M | $74.6M | +346.2K (+8.9%) | Added |
| 6 | Mariner, LLC | 2.0M | $36.0M | -6.7K (-0.3%) | Trimmed |
| 7 | Waldron Private Wealth LLC | 1.2M | $20.2M | +84 (+0.0%) | Added |
| 8 | Bank of New York Mellon Corp | 1.1M | $19.0M | -41.5K (-3.7%) | Trimmed |
| 9 | BARTLETT & CO. WEALTH MANAGEMENT LLC | 778.5K | $14.4M | -732 (-0.1%) | Trimmed |
| 10 | VANGUARD FIDUCIARY TRUST CO | 656.3K | $11.5M | — | New |
| 11 | UBS Group AG | 628.3K | $11.0M | +418.1K (+198.9%) | Added |
| 12 | JPMORGAN CHASE & CO | 634.2K | $11.0M | -38.4K (-5.7%) | Trimmed |
| 13 | Invesco Ltd. | 615.1K | $10.8M | -21.2K (-3.3%) | Trimmed |
| 14 | PRINCIPAL FINANCIAL GROUP INC | 498.2K | $8.8M | +5.2K (+1.1%) | Added |
| 15 | Nuveen, LLC | 427.7K | $7.5M | +156.6K (+57.7%) | Added |
| 16 | Public Sector Pension Investment Board | 366.7K | $6.4M | +8.7K (+2.4%) | Added |
| 17 | RHUMBLINE ADVISERS | 318.4K | $5.6M | +2.0K (+0.6%) | Added |
| 18 | Legal & General Group Plc | 234.5K | $4.1M | -15.9K (-6.3%) | Trimmed |
| 19 | Atlantic Union Bankshares Corp | 208.5K | $3.7M | +0 (+0.0%) | No change |
| 20 | Swiss National Bank | 206.1K | $3.6M | +0 (+0.0%) | No change |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $9.8B loans and ~24% owner-occupied CRE, what's your office and non-owner-occupied CRE exposure, and where are criticized loans trending?
- 2
Post-Center acquisition, quantify the tangible book value dilution, earnback period, and any cost-save shortfalls relative to deal model assumptions?
- 3
With deposits of $10.3B versus $9.8B loans, what is your current NIM trajectory, deposit beta, and uninsured deposit percentage?