Last $8.95 USD
Change Today +0.09 / 1.02%
Volume 274.8K
FCF On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

first commonwealth finl corp (FCF) Snapshot

Open
$8.89
Previous Close
$8.86
Day High
$9.00
Day Low
$8.88
52 Week High
07/1/14 - $9.51
52 Week Low
09/6/13 - $7.21
Market Cap
836.9M
Average Volume 10 Days
350.6K
EPS TTM
$0.54
Shares Outstanding
93.5M
EX-Date
07/31/14
P/E TM
16.5x
Dividend
$0.28
Dividend Yield
3.02%
Current Stock Chart for FIRST COMMONWEALTH FINL CORP (FCF)

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first commonwealth finl corp (FCF) Details

First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit lines with overdraft checking protection, IRA accounts, and automated teller machine services, as well as Internet, mobile, and telephone banking services. The company’s commercial banking services comprise commercial lending, business checking accounts, on-line account management services, payroll direct deposits, commercial cash management services, and repurchase agreements. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, stock, and bond brokerage services through a broker-dealer and insurance brokers. The company provides its products and services to individuals, and small and mid-sized businesses. As of December 31, 2013, it operated 110 community banking offices in western and central Pennsylvania; and a loan production office in downtown Pittsburgh, Pennsylvania. The company was founded in 1982 and is headquartered in Indiana, Pennsylvania.

1,256 Employees
Last Reported Date: 03/3/14
Founded in 1982

first commonwealth finl corp (FCF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $427.0K
Chief Revenue Officer, Executive Vice Preside...
Total Annual Compensation: $235.9K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $268.3K
Executive Vice President of Business Integrat...
Total Annual Compensation: $256.3K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $239.2K
Compensation as of Fiscal Year 2013.

first commonwealth finl corp (FCF) Key Developments

Three Fraud Cases against First Commonwealth Bank to Proceed

Three fraud cases against First Commonwealth Bank in connection with alleged violation of the Pennsylvania Unfair Trade Practice and Consumer Protection Law are to proceed. Three fraud cases against First Commonwealth Financial Corp. unit First Commonwealth Bank in connection with alleged violation of the Pennsylvania Unfair Trade Practice and Consumer Protection Law are to proceed.

First Commonwealth Declares Quarterly Dividend, Payable on August 15, 2014

First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.07 per share which is payable on August 15, 2014 to shareholders of record as of August 4, 2014.

First Commonwealth Financial Corp. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

First Commonwealth Financial Corp. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $45.383 million against $45.698 million a year ago. Income before income taxes was $17.486 million against $8.861 million a year ago. Net income was $11.928 million against $5.816 million a year ago. The increase in net income compared to the second quarter 2013 was primarily the result of reduced provision expense and an increase in noninterest income. The decrease in net interest income was the result of a nine basis point decline in the net interest margin due to lower replacement loan yields, partially offset by a four basis point decline in funding costs, an $81.9 million, or 1.5%, increase in average interest-earning assets and higher prepayment fees. EPS per diluted share was $0.13 against $0.06 a year ago. Return on average assets was 0.77% against 0.38% a year ago. Return on average shareholders' equity was 6.62% against 3.16% a year ago. For the six months, the company reported net interest income of $90.974 million against $91.116 million a year ago. Income before income taxes was $35.756 million against $24.241 million a year ago. Net income was $24.228 million against $16.369 million a year ago. The increase in net income compared to the first half of 2013 was primarily the result of an $8.7 million reduction in provision expense, an increase of $2.1 million in noninterest income and a $1.2 million reduction in noninterest expense, despite $5.0 million in one-time technology conversion-related expenses incurred during the first half of 2014. The decrease in net interest income was primarily the result of a 10 basis point decline in the net interest margin due to lower loan replacement yields, partially offset by a 10 basis point decline in funding costs, a $139.4 million, or 2.5%, increase in average interest-earning assets and higher prepayment fees over the year-ago period. EPS per diluted share was $0.26 against $0.17 a year ago. Return on average assets was 0.78% against 0.54% a year ago. Return on average shareholders' equity was 6.79% against 3.40% a year ago. Book value per common share was $7.73 against $7.37 a year ago. Tangible book value per common share was $6.02 against $5.69 a year ago. For the quarter, the company reported net charge-offs of $7.098 million against $15.610 million a year ago.

 

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Industry Analysis

FCF

Industry Average

Valuation FCF Industry Range
Price/Earnings 17.0x
Price/Sales 3.5x
Price/Book 1.1x
Price/Cash Flow 16.8x
TEV/Sales NM Not Meaningful
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