FCFNYSENational Commercial BanksFiscal year ends December 31
FIRST COMMONWEALTH FINANCIAL CORP /PA/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$20.27−0.07 (-0.34%)
Close on Oct 19, 2026
- Market cap
- $2.06B
- P/E (TTM)
- 12.4
- Dividend yield
- 2.64%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
29.1%+8.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.4% | +8.4% | +7.6% | +7.7% | |
| Net income | +6.8% | +5.9% | +15.7% | +11.8% | |
| EPS, diluted | +5.8% | +2.4% | +14.4% | +10.1% | |
| Free cash flow | +50.5% | +6.9% | +11.8% | +9.7% | |
| Dividend per share | +3.9% | +4.0% | +4.0% | +6.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.1% | 6.9% | 10.3% | |
| Return on assets | 0.9% | 0.8% | 1.3% | |
| Debt to equity | – | – | 0.26 | |
| Capex to revenue | 2.8% | 2.1% | 3.1% | |
| Diluted shares | 89M | 98M | 104M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Commonwealth Financial generated $784.22M from operations and spent $432.90M on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$784.22M
Used
$432.90M
Capital expenditure$75.52M17%Dividends$247.09M57%Share buybacks$110.29M25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.1%
×Asset turnover0.04×
×Equity multiplier8.09×
=Return on equity, FY202510.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 29.1% | 0.04× | 8.09× | 10.3% |
| FY2024 | 29.8% | 0.04× | 8.47× | 10.5% |
| FY2023 | 32.6% | 0.05× | 8.99× | 13.3% |
| FY2022 | 31.2% | 0.04× | 8.95× | 11.9% |
| FY2021 | 35.9% | 0.04× | 8.55× | 12.7% |
| FY2020 | 20.2% | 0.04× | 8.18× | 6.9% |
| FY2019 | 29.6% | 0.04× | 7.95× | 10.4% |
| FY2018 | 31.5% | 0.05× | 8.12× | 11.5% |
| FY2017 | 17.8% | 0.04× | 8.54× | 6.7% |
| FY2016 | 22.6% | 0.04× | 9.02× | 8.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$152.30M
- Cash generatingOperating cash flow above zero$187.54M
- Return on assets improvedROA up on the prior year1.2% → 1.3%
- Earnings backed by cashOperating cash flow above net income$187.54M vs $152.30M
- Less leverageLong-term debt to assets fell2.3% → 2.1%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise102M → 104M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.05