FIRST COMMONWEALTH FINANCIAL CORP /PA/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FIRST COMMONWEALTH FINANCIAL CORP /PA/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling and marketing	2.6	3.79	3.96	4.25	4.68	4.98	5.03	5.71	5.54	6.45
Interest expense	18.6	21.8	40	55.4	32.9	15.3	17.7	144	222	207
Pre-tax income	85.2	104	133	131	90.2	173	160	198	178	191
Income tax	25.6	48.6	25.3	25.5	16.8	34.6	32	40.5	35.6	39.1
Net income	59.6	55.2	107	105	73.4	138	128	157	143	152
EPS, basic	0.67	0.58	1.09	1.07	0.75	1.45	1.37	1.55	1.40	1.48
EPS, diluted	0.67	0.58	1.08	1.07	0.75	1.44	1.37	1.54	1.39	1.47
Shares, basic (weighted)	88.9	95.2	99	98.3	97.5	95.6	93.6	102	102	103
Shares, diluted (weighted)	88.9	95.3	99.2	98.6	97.8	95.8	93.9	102	102	104
Dividend per share	0.28	0.32	0.35	0.40	0.44	0.46	0.48	0.50	0.52	0.54

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	116	107	98.9	122	357	395	154	147	133	180
Property, plant and equipment	67.5	81.3	80.5	137	126	121	115	121	116	114
Lease right-of-use assets				48.6	42.6	40.6	40.7	45	40.2	38.2
Goodwill	187	255	274	303	303	303	303	364	364	378
Intangible assets	12	15	13	16.4	13.5	11.2	9.21	22.8	19.6	22
Total assets	6,684	7,309	7,828	8,309	9,068	9,545	9,806	11,459	11,585	12,343
Short-term debt	868	707	722	202	117	138	373	598	80.1	148
Long-term debt						182	181	187	263	262
Total liabilities	5,934	6,420	6,853	7,253	7,999	8,436	8,754	10,145	10,180	10,789
Total debt	80.9	87.9	185	234	233	182	181	187	263	262
Paid-in capital	366	470	492	494	495	496	497	630	631	676
Retained earnings	413	437	511	577	597	691	775	881	971	1,068
Treasury stock	-128	-127	-131	-135	-154	-183	-196	-209	-218	-251
Other comprehensive income	-7.03	-6.17	-11.3	5.58	17.2	-8.77	-138	-112	-103	-64.6
Shareholders' equity	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405	1,554
Total equity	750	888	975	1,056	1,069	1,109	1,052	1,314	1,405	1,554
Total liabilities and equity	6,684	7,309	7,828	8,309	9,068	9,545	9,806	11,459	11,585	12,343
Shares outstanding	89	97.5	98.5	98.3	96.1	94.2	93.4	102	102	103

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	59.6	55.2	107	105	73.4	138	128	157	143	152
Depreciation and amortization	7.12	9	8.05	10.4	11.7	11.4	10.6	4.1	5.69	6.63
Deferred income tax	5.61	19.2	3.65	2.29	-5.2	1.58	-2.01	7.39	3.41	3.01
Cash from operations	89.3	88.3	135	108	106	165	151	151	129	188
Capital expenditures	-7.49	-11.6	-9.6	-17.4	-7.62	-10.6	-11.2	-22	-15.5	-16.1
Acquisitions	479	3.19	0.71	332	0	0	0	14.5	0	4.67
Purchases of investments					-411	-677	0	-338	-437	-162
Sales and maturities of investments	168	149	141	189	472	434	146	98.3	233	281
Cash from investing	494	-52.8	-348	123	-483	-565	-589	-574	-122	-388
Debt issued	0	0	98	50	0	0	0	0	127	0
Share buybacks	-0.86	-1.46	-26.2	-6.26	-20.9	-31.3	-15.6	-15	-12.6	-35.8
Dividends paid	-24.9	-30.5	-34.8	-39.4	-43	-43.6	-44.6	-50.8	-52.6	-55.5
Cash from financing	-537	-43.9	204	-208	612	439	196	416	-21.3	248
Net change in cash	46.2	-8.39	-8.35	22.9	235	38.8	-241	-7.25	-13.6	47
Free cash flow	81.8	76.7	126	90.3	98.1	154	140	129	114	171
Interest paid	19.2	21.6	40.1	56	34	15.6	16.4	140	220	208
Income taxes paid	20	27.9	23.8	21.8	25.9	22.4	34.3	37.5	32.2	34.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $20.91 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	20.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.4%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	6.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	15.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	5.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	2.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	14.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	44.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	7.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	50.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	6.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	11.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	3.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	3.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.08x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.0%	Total debt / total assets.
Liabilities / assets	87.1%	Total liabilities / total assets.
Net debt	-$54.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	3.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.17B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.66	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$1.89	Cash from operations / diluted weighted shares.
Book value per share	$15.52	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.58	Tangible book value / shares outstanding.
Cash per share	$1.78	(Cash + short-term investments) / shares outstanding.
Payout ratio	33.4%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.11B	Share price x shares outstanding.
Enterprise value	$2.06B	Market cap + total debt - cash - short-term investments.
P/E	12.6x	Market cap / net income. Only when net income is positive.
P/B	1.35x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.80x	Market cap / tangible book value, when positive.
P/OCF	11.0x	Market cap / cash from operations, when positive.
Earnings yield	8.0%	Net income / market cap (the inverse of P/E).
Dividend yield	2.7%	Dividends paid over the period / market cap.
Shareholder yield	6.0%	(Dividends paid + share buybacks) / market cap.
PEG	5.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was FIRST COMMONWEALTH FINANCIAL CORP /PA/ profitable in fiscal 2025?

Yes. Net income was $152.3M, a net margin of -.

How much free cash flow did FIRST COMMONWEALTH FINANCIAL CORP /PA/ generate in fiscal 2025?

Cash from operations of $187.5M minus capital expenditures of $16.1M left free cash flow of $171.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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