Companies /Financial Services

First Commonwealth Financial Corp

NYSE: FCF Banks - Regional
$21.34
▲ $0.18 (+0.85%) today
Markets closed · 5:03pm ET

Q2 2025 Earnings

Reported Jul 29, 2025, 5:55pm ET · SEC source
$0.38
Beat +9.10%
EPS · est. $0.35
$131.0M
Beat +3.58%
Revenue · est. $126.5M
+7.0%
Beating market
FCF vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%+4%Jul 29Jul 30report 5:55pm ETearnings+0.4%+1.7%
0+2%+4%Jul 29Jul 30earnings+0.4%+1.7%
FCF +1.7%S&P 500 +0.4%
0+2%+4%Jul 29Jul 30report 5:55pm ETearnings+0.9%+1.7%
0+2%+4%Jul 29Jul 30earnings+0.9%+1.7%
FCF +1.7%NASDAQ +0.9%
−2%0+2%+4%Jul 29Aug 6report 5:55pm ETearnings−0.4%+2.9%
−2%0+2%+4%Jul 29Aug 6earnings−0.4%+2.9%
FCF +2.9%S&P 500 −0.4%
−3%0+3%Jul 29Aug 6report 5:55pm ETearnings−0.0%+2.9%
−3%0+3%Jul 29Aug 6earnings−0.0%+2.9%
FCF +2.9%NASDAQ −0.0%
+1.68%
Day of report
+1.04%
Next session
+1.22%
One week
+8.63%
30 days

S&P 500 over the same 30 days: +1.67%.

Did FCF Beat Earnings? Q2 2025 Results

First Commonwealth Financial delivered a stronger-than-expected second quarter, with core earnings per share of $0.38 beating the $0.35 consensus estimate by 9.10% and revenue of $130.99 million topping expectations by 3.58%, even as reported revenue fell 25.5% year-over-year. The Indiana, Pennsylvania-based regional bank's standout driver was a sharp expansion in net interest margin, which climbed 21 basis points sequentially to 3.83%, fueled by higher loan and securities yields alongside easing deposit costs, pushing net interest income to $106.58 million for the quarter. On a GAAP basis, net income came in at $33.40 million, or $0.32 per diluted share, weighed down by $3.96 million in merger costs and a $3.76 million acquisition-related provision tied to the CenterBank deal; stripping those items out, core net income rose to $39.50 million. Loan growth ex-acquisitions expanded at an 8.1% annualized pace, while the board raised its quarterly dividend to $0.14 per share, a 3.9% increase year-over-year.

Key Takeaways
  • Net interest margin expanded 21 basis points sequentially to 3.83%, driven by higher loan yields, improved securities yields, and lower deposit costs
  • CenterBank acquisition contributed 4 basis points to NIM via purchase accounting accretion
  • Expiration of $150 million in macro swaps contributed 3 basis points to NIM
  • Total loans (excluding acquired) grew $183.7 million or 8.1% annualized from prior quarter
  • Average deposits (excluding acquired) grew $91.6 million or 3.8% annualized
  • Core efficiency ratio improved to 54.06% from 59.08% in Q1
  • Net charge-offs declined to 0.12% annualized from 0.14% in Q1

“We are pleased to report a strong second quarter, marked by significant net interest margin expansion, robust loan growth, and the successful completion of the CenterBank acquisition. Our focus on organic growth and strategic acquisitions continues to position First Commonwealth for sustained success, delivering value to our shareholders and communities.”

First Commonwealth Financial CEO, on the earnings call

FCF YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$50.0M$100.0M$150.0M$175.8M$131.0MRevenue$37.1M$33.4MNet Income$46.6M$42.1MOperating Income
$0$50.0M$100.0M$150.0MRevenueNet IncomeOperating Income

Figures from SEC filings and company reports. Not investment advice.