Companies /Financial Services
First Commonwealth Financial Corp
NYSE: FCF Banks - Regional
$21.13
▼ $0.07 (−0.31%) today
Markets open · 12:16pm ET

First Commonwealth Financial (FCF) Q1 2026 Earnings

Reported Apr 28, 2026, 8:42am ET · SEC source
$0.37
Miss −7.50%
EPS · est. $0.40
$133.6M
Miss −0.56%
Revenue · est. $134.3M
−6.0%
Trailing market
FCF vs S&P since report
1 quarter
Consecutive EPS beats

How Did FCF Stock React to Q1 2026 Earnings?

% change · around the report
−1%0+1%+2%Apr 28Apr 29report 8:42am ETearnings−0.6%−0.8%
−1%0+1%+2%Apr 28Apr 29earnings−0.6%−0.8%
FCF −0.8%S&P 500 −0.6%
−1%0+1%+2%Apr 28Apr 29report 8:42am ETearnings+0.0%−0.8%
−1%0+1%+2%Apr 28Apr 29earnings+0.0%−0.8%
FCF −0.8%NASDAQ +0.0%
0+2%Apr 27May 6report 8:42am ETearnings+2.7%+1.4%
0+2%Apr 27May 6earnings+2.7%+1.4%
FCF +1.4%S&P 500 +2.7%
0+2%+4%Apr 27May 6report 8:42am ETearnings+5.1%+1.4%
0+2%+4%Apr 27May 6earnings+5.1%+1.4%
FCF +1.4%NASDAQ +5.1%
+1.29%
Day of report
−2.70%
Next session
−1.48%
One week
+0.32%
30 days

S&P 500 over the same 30 days: +6.29%.

Did FCF Beat Earnings? Q1 2026 Results

No. First Commonwealth Financial reported Q1 2026 earnings of $0.37 a share on Apr 28, 2026, missing the $0.40 consensus estimate by 7.5%. Revenue was $133.6M against a $134.3M estimate.

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

“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.”

First Commonwealth Financial CEO, on the earnings call

What Was First Commonwealth Financial's Outlook in Q1 2026?

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 · SEC filings Q1 2025 Q1 2026
$0$50.0M$100.0M$150.0M$169.6M$133.6MRevenue$32.7M$37.5MNet Income$41.0M$47.2MOperating Income
$0$50.0M$100.0M$150.0MRevenueNet IncomeOperating Income
FCF income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $133.6M $169.6M −21.3%
Net Income $37.5M $32.7M +14.8%
Operating Income $47.2M $41.0M +15.1%

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