First Commonwealth Financial Corporation (FCF) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy FCF?
Source: SeekingAlpha
Core EPS $0.43 per share for Q4 2025, which beat consensus earnings estimates. This was supported by a net interest margin expansion to 3.98%, a core ROA of 1.45%, and a core efficiency ratio of 52.8%.
Net Interest Income $427.5 million for 2025, up $47.2 million year-over-year. The increase was driven by higher interest rates, better loan yields, good loan volumes, lower deposit costs, and a better commercial business mix.
Loan Growth 8.2% annualized for 2025, or 5% excluding the Center Bank acquisition. Growth was led by commercial banking, equipment finance, and indirect lending.
Deposit Growth 6.1% for 2025, or 4.2% excluding the Center Bank acquisition. Money market and CDs contributed over $534 million, while noninterest-bearing DDA added $116 million.
Provision for Credit Losses Decreased by $4.3 million compared to the prior quarter to $7 million in Q4 2025. The prior quarter's elevated provision was due to the resolution of a dealer floor plan credit, which required no further reserve in Q4.
Nonperforming Loans (NPLs) Increased 4 basis points to 94 basis points in Q4 2025. $98 million of NPLs included $39.2 million of SBA loans, of which $31.2 million was government guaranteed.
Noninterest Income Decreased by $3 million year-over-year in 2025, despite $6.3 million in Durbin amendment debit card headwinds. Fee businesses helped offset the decline.
Core Noninterest Expense $74.3 million in Q4 2025, up $1.7 million from the prior quarter due to increases in salaries and benefits. The core efficiency ratio remained below 53%.
Stock Repurchase $23.1 million worth of stock repurchased in Q4 2025, totaling 1.4 million shares at $15.94 per share. For the year, 2.1 million shares were repurchased, approximately two-thirds of the shares issued in the Center Bank acquisition.
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Analyst Views on FCF
Wall Street analysts forecast FCF stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 17.330
Low
19.00
Averages
20.00
High
21.00
Current: 17.330
Low
19.00
Averages
20.00
High
21.00
About FCF
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 subsidiary, FCB. It also provides trust and wealth management services through FCB and offers insurance products through FCIA. Its consumer services include Internet, mobile and telephone banking, an automated teller machine network, personal checking accounts, savings accounts, health savings accounts, insured money market accounts, debit cards, investment certificates, mortgage loans, and others. The Bank operates through approximately 127 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Pittsburgh and Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Commonwealth Financial Corporation Q4 2025 Earnings Highlights
- Core Earnings Performance: First Commonwealth reported a core EPS of $0.43 for Q4, exceeding market expectations, while the net interest margin expanded to 3.98% and core ROA reached 1.45%, indicating enhanced profitability in a favorable interest rate environment.
- Loan and Deposit Growth: The company achieved an annualized loan growth rate of 8.2% and a deposit growth of 6.1% in 2025, driven by healthy commercial loan volumes and lower deposit costs, reflecting its competitive position in the market.
- Strategic Loan Sale: The designation of a $225 million commercial loan portfolio as held for sale represents a strategic exit from the Philadelphia market, expected to improve liquidity and capital ratios while potentially impacting future net interest income growth.
- Share Buyback Program: As of December 31, 2025, the remaining share repurchase capacity was $22.7 million, with an additional $25 million authorized by the Board, demonstrating the company's focus on capital deployment and confidence in future growth.
See More
First Commonwealth Financial Q4 Earnings Beat Expectations
- Earnings Beat: First Commonwealth Financial reported a Q4 non-GAAP EPS of $0.43, exceeding expectations by $0.01, indicating robust profitability and boosting investor confidence.
- Significant Revenue Growth: The company achieved $137 million in revenue for Q4, a 13.4% year-over-year increase that not only surpassed market expectations by $1.44 million but also reflects strong business expansion and market demand, solidifying its market position.
- Share Buyback Announcement: First Commonwealth Financial announced a $25 million share buyback plan aimed at enhancing EPS and shareholder returns, demonstrating the company's confidence in future growth and commitment to shareholder value.
- Upgrade Anticipation: With improved earnings, market attention on First Commonwealth Financial is increasing, and analysts are likely to upgrade their ratings on the company, potentially attracting more investor interest.
See More
FIRST COMMONWEALTH FINANCIAL REPORTS Q4 EPS OF USD 0.43
- Financial Performance: The company reported a Q4 EPS of $0.43, indicating its earnings per share for the fourth quarter.
- Commonwealth Financial: The report pertains to Commonwealth Financial, highlighting its financial results for the specified quarter.
See More
First Commonwealth Financial Stock Rises, 1-Year Return at 13.68%
- Stock Performance: First Commonwealth Financial (FCF) closed at $18.08, with a 4.99% increase over the past 30 days, indicating positive short-term momentum despite a slight 0.17% decline in one-day returns.
- Long-Term Returns: The company has achieved a total shareholder return of 13.68% over the past year and an impressive 78.38% over five years, demonstrating substantial gains for long-term holders even amid short-term sentiment fluctuations.
- Valuation Analysis: With a current price of $18.08 and a target price of $19.20, the 6.01% gap suggests potential undervaluation, especially given the intrinsic value estimate indicating a 50.76% discount.
- Market Outlook: The company is positioned to capitalize on population migration and economic expansion through robust organic loan growth across various business lines and successful integration of acquisitions like CenterBank, supporting sustainable future revenue and balance sheet growth.
See More
First Commonwealth Financial Corporation Schedules Q4 2025 Earnings Call for January 28, 2026
- Earnings Call Announcement: First Commonwealth Financial Corporation will host a conference call on January 28, 2026, at 2:00 PM ET to discuss its financial results for the quarter ending December 31, 2025, which is expected to provide key financial metrics to guide investor decisions.
- Executive Participation: The call will be led by CEO T. Michael Price and will include several executives such as CFO James Reske, demonstrating the company's commitment to financial transparency and stakeholder engagement.
- Market Reaction Anticipation: The earnings report will be released after market close on January 27, 2026, and investors will closely monitor performance to assess the company's standing in the competitive financial services market.
- Investor Interaction Opportunity: Participants can submit questions via email, and a recording will be available post-call, enhancing interaction between investors and the company, thereby increasing transparency and trust.
See More
First Commonwealth Financial Corporation Authorizes $25 Million Share Repurchase Program
- Repurchase Program Initiation: First Commonwealth Financial Corporation's Board of Directors has authorized a new $25 million share repurchase program aimed at enhancing shareholder value and boosting market confidence.
- Completion of Previous Buyback: In Q4 2025, the company successfully completed its previously announced $25 million stock repurchase, acquiring 1,560,477 shares at an average price of $16.02, demonstrating confidence in its stock.
- Compliance Measures: The new repurchase program will be executed through various methods compliant with federal securities laws, including Rule 10b5-1 plans and open market purchases, ensuring transparency and adherence to regulations.
- Market Flexibility: The company retains the right to suspend or discontinue the repurchase program at any time, providing flexibility to adjust its strategy based on market conditions and optimize capital allocation.
See More
First Commonwealth Financial Corporation Q4 2025 Earnings Highlights
- Core Earnings Performance: First Commonwealth reported a core EPS of $0.43 for Q4, exceeding market expectations, while the net interest margin expanded to 3.98% and core ROA reached 1.45%, indicating enhanced profitability in a favorable interest rate environment.
- Loan and Deposit Growth: The company achieved an annualized loan growth rate of 8.2% and a deposit growth of 6.1% in 2025, driven by healthy commercial loan volumes and lower deposit costs, reflecting its competitive position in the market.
- Strategic Loan Sale: The designation of a $225 million commercial loan portfolio as held for sale represents a strategic exit from the Philadelphia market, expected to improve liquidity and capital ratios while potentially impacting future net interest income growth.
- Share Buyback Program: As of December 31, 2025, the remaining share repurchase capacity was $22.7 million, with an additional $25 million authorized by the Board, demonstrating the company's focus on capital deployment and confidence in future growth.
See More
First Commonwealth Financial Q4 Earnings Beat Expectations
- Earnings Beat: First Commonwealth Financial reported a Q4 non-GAAP EPS of $0.43, exceeding expectations by $0.01, indicating robust profitability and boosting investor confidence.
- Significant Revenue Growth: The company achieved $137 million in revenue for Q4, a 13.4% year-over-year increase that not only surpassed market expectations by $1.44 million but also reflects strong business expansion and market demand, solidifying its market position.
- Share Buyback Announcement: First Commonwealth Financial announced a $25 million share buyback plan aimed at enhancing EPS and shareholder returns, demonstrating the company's confidence in future growth and commitment to shareholder value.
- Upgrade Anticipation: With improved earnings, market attention on First Commonwealth Financial is increasing, and analysts are likely to upgrade their ratings on the company, potentially attracting more investor interest.
See More
FIRST COMMONWEALTH FINANCIAL REPORTS Q4 EPS OF USD 0.43
- Financial Performance: The company reported a Q4 EPS of $0.43, indicating its earnings per share for the fourth quarter.
- Commonwealth Financial: The report pertains to Commonwealth Financial, highlighting its financial results for the specified quarter.
See More
First Commonwealth Financial Stock Rises, 1-Year Return at 13.68%
- Stock Performance: First Commonwealth Financial (FCF) closed at $18.08, with a 4.99% increase over the past 30 days, indicating positive short-term momentum despite a slight 0.17% decline in one-day returns.
- Long-Term Returns: The company has achieved a total shareholder return of 13.68% over the past year and an impressive 78.38% over five years, demonstrating substantial gains for long-term holders even amid short-term sentiment fluctuations.
- Valuation Analysis: With a current price of $18.08 and a target price of $19.20, the 6.01% gap suggests potential undervaluation, especially given the intrinsic value estimate indicating a 50.76% discount.
- Market Outlook: The company is positioned to capitalize on population migration and economic expansion through robust organic loan growth across various business lines and successful integration of acquisitions like CenterBank, supporting sustainable future revenue and balance sheet growth.
See More
First Commonwealth Financial Corporation Schedules Q4 2025 Earnings Call for January 28, 2026
- Earnings Call Announcement: First Commonwealth Financial Corporation will host a conference call on January 28, 2026, at 2:00 PM ET to discuss its financial results for the quarter ending December 31, 2025, which is expected to provide key financial metrics to guide investor decisions.
- Executive Participation: The call will be led by CEO T. Michael Price and will include several executives such as CFO James Reske, demonstrating the company's commitment to financial transparency and stakeholder engagement.
- Market Reaction Anticipation: The earnings report will be released after market close on January 27, 2026, and investors will closely monitor performance to assess the company's standing in the competitive financial services market.
- Investor Interaction Opportunity: Participants can submit questions via email, and a recording will be available post-call, enhancing interaction between investors and the company, thereby increasing transparency and trust.
See More
First Commonwealth Financial Corporation Authorizes $25 Million Share Repurchase Program
- Repurchase Program Initiation: First Commonwealth Financial Corporation's Board of Directors has authorized a new $25 million share repurchase program aimed at enhancing shareholder value and boosting market confidence.
- Completion of Previous Buyback: In Q4 2025, the company successfully completed its previously announced $25 million stock repurchase, acquiring 1,560,477 shares at an average price of $16.02, demonstrating confidence in its stock.
- Compliance Measures: The new repurchase program will be executed through various methods compliant with federal securities laws, including Rule 10b5-1 plans and open market purchases, ensuring transparency and adherence to regulations.
- Market Flexibility: The company retains the right to suspend or discontinue the repurchase program at any time, providing flexibility to adjust its strategy based on market conditions and optimize capital allocation.
See More
