Companies /Financial Services

First Commonwealth Financial Corp

NYSE: FCF Banks - Regional
$21.34
▲ $0.18 (+0.85%) today
Markets closed · 7:24am ET

Q3 2025 Earnings

Reported Oct 28, 2025, 5:24pm ET · SEC source
$0.39
Miss −5.45%
EPS · est. $0.41
$136.0M
Miss −0.62%
Revenue · est. $136.8M
+7.0%
Beating market
FCF vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Oct 28Oct 29report 5:24pm ETearnings−0.1%−3.5%
−4%−2%0Oct 28Oct 29earnings−0.1%−3.5%
FCF −3.5%S&P 500 −0.1%
−4%−2%0Oct 28Oct 29report 5:24pm ETearnings+0.2%−3.5%
−4%−2%0Oct 28Oct 29earnings+0.2%−3.5%
FCF −3.5%NASDAQ +0.2%
−6%−3%0Oct 28Nov 5report 5:24pm ETearnings−1.4%−1.5%
−6%−3%0Oct 28Nov 5earnings−1.4%−1.5%
FCF −1.5%S&P 500 −1.4%
−6%−3%0Oct 28Nov 5report 5:24pm ETearnings−1.7%−1.5%
−6%−3%0Oct 28Nov 5earnings−1.7%−1.5%
FCF −1.5%NASDAQ −1.7%
−5.49%
Day of report
−0.19%
Next session
+2.07%
One week
+5.94%
30 days

S&P 500 over the same 30 days: −1.04%.

Did FCF Beat Earnings? Q3 2025 Results

First Commonwealth Financial delivered a mixed third quarter, posting earnings per share of $0.39 and revenue of $135.98 million that fell short of Wall Street expectations on both counts, missing the $0.41 EPS consensus by 5.45% and the $136.83 million revenue estimate by 0.62%, while revenue declined 24.0% from the year-ago period. The headline miss, however, obscured meaningful underlying progress; net interest income climbed to $111.12 million, up sharply from $96.52 million a year ago, as the net interest margin expanded 36 basis points year-over-year to 3.92%, driven by lower funding costs and the expiration of macro swaps. GAAP net income rose to $41.33 million, or $0.39 per share, compared with $32.09 million and $0.31 per share in the prior-year quarter. The quarter was not without blemishes, as net charge-offs surged to $12.25 million from $2.76 million in Q2, largely reflecting a $5.50 million charge-off on a commercial floorplan relationship. The company also raised its quarterly dividend to $0.14 per share, a 3.9% increase from a year ago.

Key Takeaways
  • Net interest margin expansion to 3.92%, up 9 basis points sequentially and 36 basis points year-over-year
  • Lower cost of funds contributed 8 basis points of improvement to net interest margin
  • Average loan growth of 9.4% annualized from the prior quarter
  • Average deposit growth of 4.0% annualized from the prior quarter
  • Core efficiency ratio improved to 52.3% from 54.1% in the prior quarter
  • Disciplined expense management with noninterest expense (excluding merger costs) up only $0.4 million sequentially
  • Expiration of $25 million in macro swaps contributed 2 basis points to NIM improvement

“Our third quarter results reflect continued momentum across our core banking operations. We delivered strong net interest income growth, maintained disciplined expense management, and improved asset quality metrics. These results demonstrate our commitment to building long-term value for our shareholders and supporting the financial well-being of our customers and communities.”

First Commonwealth Financial CEO, on the earnings call

FCF YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$50.0M$100.0M$150.0M$179.0M$136.0MRevenue$32.1M$41.3MNet Income$40.5M$51.8MOperating Income
$0$50.0M$100.0M$150.0MRevenueNet IncomeOperating Income

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