First Commonwealth Financial (FCF) Q1 2026 Earnings
Reported Apr 28, 2026 at 8:42 AM ET · SEC Source
Q1 26 EPS
$0.37
MISS 7.50%
Est. $0.40
Q1 26 Revenue
$133.6M
MISS 0.56%
Est. $134.3M
vs S&P Since Q1 26
+7.1%
BEATING MARKET
FCF +11.4% vs S&P +4.3%
Market Reaction
Did FCF Beat Earnings? Q1 2026 Results
First Commonwealth Financial delivered a softer-than-expected first quarter, with earnings per share of $0.37 missing the $0.40 consensus estimate by 7.50% and revenue of $133.56 million coming in just 0.56% below expectations, while falling 21.3% fr… Read more First Commonwealth Financial delivered a softer-than-expected first quarter, with earnings per share of $0.37 missing the $0.40 consensus estimate by 7.50% and revenue of $133.56 million coming in just 0.56% below expectations, while falling 21.3% from a year ago. The sequential step-down from a strong Q4 2025 was largely explained by a $4.20 million decline in net interest income driven by fewer days in the quarter, a $170.10 million contraction in average loans, and modest net interest margin compression to 3.92%. Compounding the revenue pressure, organic loan growth remained muted amid elevated payoffs, though deposit strength offered a partial offset, with end-of-period balances rising $158.90 million, or 6.3% annualized. Credit costs also weighed on results, as provision expense climbed to $10.73 million from $7.00 million in Q4. On a brighter note, the board approved a 3.7% dividend increase to $0.14 per share, and CEO T. Michael Price expressed confidence in sustained momentum through the remainder of the year, even as insider activity around the earnings release drew some market attention.
Key Takeaways
- • Net interest margin expanded 30 basis points year over year to 3.92%
- • Strong deposit growth with end-of-period deposits increasing $158.9 million or 6.3% annualized
- • Sale of $225.4 million commercial portfolio during the quarter
- • Net charge-offs declined to $8.2 million from $11.3 million in the prior quarter
- • Core pre-tax pre-provision net revenue of $57.9 million, up $11.0 million year over year
FCF Forward Guidance & Outlook
CEO T. Michael Price expressed confidence in the company's positioning across core businesses and expects continued momentum through the year, though organic loan growth was muted in Q1 due to elevated payoffs. Credit trends were described as well-managed despite some headwinds.
FCF YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Despite some credit headwinds, we were pleased to see our capital and liquidity strengthen during the quarter, supported by a strong net interest margin, and stable seasonally-adjusted fee income.”
— T. Michael Price, Q1 2026 Earnings Press Release
FCF Earnings Trends
FCF vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FCF EPS Trend
Earnings per share: estimate vs actual
FCF Revenue Trend
Quarterly revenue: estimate vs actual
FCF Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.40 | $0.37 | -7.50% | $133.6M | -0.56% |
| Q4 25 BEAT FY | $0.42 | $0.43 | +3.19% | $137.9M | +1.73% |
| FY Full Year | — | $1.47 | — | $522.9M | — |
| Q3 25 MISS | $0.41 | $0.39 | -5.45% | $136.0M | -0.62% |
| Q2 25 BEAT | $0.35 | $0.38 | +9.10% | $131.0M | +3.58% |