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Last $9.13 USD
Change Today -0.06 / -0.65%
Volume 414.7K
FCF On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

first commonwealth finl corp (FCF) Snapshot

Open
$9.19
Previous Close
$9.19
Day High
$9.25
Day Low
$9.06
52 Week High
07/21/15 - $9.93
52 Week Low
01/28/15 - $7.76
Market Cap
812.2M
Average Volume 10 Days
295.4K
EPS TTM
$0.57
Shares Outstanding
89.0M
EX-Date
08/6/15
P/E TM
16.0x
Dividend
$0.28
Dividend Yield
3.07%
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 to individuals, and small and mid-sized businesses in the United States. 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. As of December 31, 2014, the company operated 110 community banking offices in western and central Pennsylvania. It also operates two loan production offices in downtown Pittsburgh, Pennsylvania; and Cleveland, Ohio. The company was founded in 1982 and is headquartered in Indiana, Pennsylvania.

1,259 Employees
Last Reported Date: 03/2/15
Founded in 1982

first commonwealth finl corp (FCF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $435.6K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $287.4K
Chief Revenue Officer, Executive Vice Preside...
Total Annual Compensation: $380.8K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $274.5K
Executive Vice President of Business Integrat...
Total Annual Compensation: $261.8K
Compensation as of Fiscal Year 2014.

first commonwealth finl corp (FCF) Key Developments

First Commonwealth Financial Corporation Declares Common Stock Quarterly Dividend, Payable on August 21, 2015; Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.07 per share, which is payable on August 21, 2015 to shareholders of record as of August 10, 2015. This dividend represents a 3.1% projected annual yield utilizing the July 28, 2015 closing market price of $9.16. The company 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 $46.370 million against $45.383 million a year ago. Income before income taxes was $19.880 million against $17.486 million a year ago. Net income was $13.447 million or $0.15 diluted earnings per share against $11.928 million or $0.13 diluted earnings per share a year ago. The increase in net income compared to the second quarter of 2014 was driven by an increase in net interest income of $1.0 million and a decrease in noninterest expense of $1.8 million, offset by a $0.7 million decrease in noninterest income excluding net securities gains. The decrease in net interest income from the prior quarter was primarily the result of a nine basis point decrease in the net interest margin to 3.26%, of which seven basis points was attributable to a special FHLB dividend of $1.0 million in the first quarter of 2015. Return on average assets was 0.85% against 0.77% a year ago. Return on average common equity was 7.57% against 6.62% a year ago. Return on average tangible common equity was 9.82% against 8.50% a year ago. Interest income was $50.150 million against $50.166 million a year ago. Net interest income (FTE) was $47.205 million against $46.197 million a year ago. Net interest income after provision for credit losses (FTE) was $44.167 million against $42.880 million a year ago. For the six months, the company reported net interest income of $93.542 million against $90.974 million a year ago. Income before income taxes was $41.048 million against $35.756 million a year ago. Net income was $27.668 million or $0.31 diluted earnings per share against $24.228 million or $0.26 diluted earnings per share a year ago. The increase in net income compared to 2014 was primarily the result of an increase in net interest income of $2.5 million, a decrease in the provision for credit losses of $2.4 million and a decrease in noninterest expense of $1.8 million, offset by a $1.5 million decrease in noninterest income excluding net securities gains. Return on average assets and return on average equity were 0.88% and 7.80%, respectively, as compared to 0.78% and 6.79% in the first half of 2014. Return on average tangible common equity was 10.1% in the first half of 2015, as compared to 8.7% for the first half of 2014. The increase in net interest income was a result of a $145.5 million increase in average interest-earning assets, a nine basis point decline in funding costs and a special FHLB dividend of $1.0 million, offset by a seven basis point decline in the yield on interest-earning assets. Book value per common share was $7.99 against $7.73 a year ago. Tangible book value per common share was $6.16 against $6.02 a year ago. Interest income was $101.235 million against $100.672 million a year ago. Net interest income (FTE) was $95.195 million against $92.665 million a year ago. Net interest income after provision for credit losses (FTE) was $90.998 million against $86.117 million a year ago. For the second quarter of 2015, the company reported net charge-offs of $4.391 million against $7.098 million a year ago. Net charge-offs for the second quarter of 2015 included a $2.3 million write-down on a loan to a contractor that was classified as nonaccrual during the fourth quarter of 2014.

First Commonwealth Financial Corp. to Report Q2, 2015 Results on Jul 29, 2015

First Commonwealth Financial Corp. announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Jul 29, 2015

First Commonwealth Financial Corp., Q2 2015 Earnings Call, Jul 29, 2015

First Commonwealth Financial Corp., Q2 2015 Earnings Call, Jul 29, 2015

 

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FCF:US $9.13 USD -0.06

FCF Competitors

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Industry Analysis

FCF

Industry Average

Valuation FCF Industry Range
Price/Earnings 17.5x
Price/Sales 3.5x
Price/Book 1.1x
Price/Cash Flow 17.1x
TEV/Sales NM Not Meaningful
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