First Commonwealth Financial Management
Management criteria checks 4/4
First Commonwealth Financial's CEO is Mike Price, appointed in Jan 2012, has a tenure of 12.83 years. total yearly compensation is $1.39M, comprised of 42.2% salary and 57.8% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €5.73M. The average tenure of the management team and the board of directors is 11.7 years and 14.3 years respectively.
Key information
Mike Price
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 42.2% |
| CEO tenure | 13yrs |
| CEO ownership | 0.4% |
| Management average tenure | 11.7yrs |
| Board average tenure | 14.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$152m |
| Jun 30 2024 | n/a | n/a | US$159m |
| Mar 31 2024 | n/a | n/a | US$164m |
| Dec 31 2023 | US$1m | US$586k | US$157m |
| Sep 30 2023 | n/a | n/a | US$148m |
| Jun 30 2023 | n/a | n/a | US$143m |
| Mar 31 2023 | n/a | n/a | US$131m |
| Dec 31 2022 | US$1m | US$516k | US$128m |
| Sep 30 2022 | n/a | n/a | US$127m |
| Jun 30 2022 | n/a | n/a | US$127m |
| Mar 31 2022 | n/a | n/a | US$126m |
| Dec 31 2021 | US$1m | US$488k | US$138m |
| Sep 30 2021 | n/a | n/a | US$129m |
| Jun 30 2021 | n/a | n/a | US$114m |
| Mar 31 2021 | n/a | n/a | US$108m |
| Dec 31 2020 | US$1m | US$488k | US$73m |
| Sep 30 2020 | n/a | n/a | US$75m |
| Jun 30 2020 | n/a | n/a | US$82m |
| Mar 31 2020 | n/a | n/a | US$85m |
| Dec 31 2019 | US$1m | US$486k | US$105m |
| Sep 30 2019 | n/a | n/a | US$106m |
| Jun 30 2019 | n/a | n/a | US$104m |
| Mar 31 2019 | n/a | n/a | US$109m |
| Dec 31 2018 | US$1m | US$472k | US$107m |
Compensation vs Market: Mike's total compensation ($USD1.39M) is about average for companies of similar size in the German market ($USD1.55M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Price (61 yo)
13yrs
Tenure
US$1,387,155
Compensation
Mr. Thomas Michael Price, also known as Mike, has been the Chief Executive Officer and President of First Commonwealth Financial Corporation since March 7, 2012 and serves as its Chief Executive Officer of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13yrs | US$1.39m | 0.35% € 5.8m | |
| Executive VP | 10.8yrs | US$924.44k | 0.084% € 1.4m | |
| Executive VP | 11.7yrs | US$980.08k | 0.16% € 2.6m | |
| Vice President / Finance and Investor Relations | no data | no data | no data | |
| Executive VP | 14.2yrs | US$576.45k | 0.068% € 1.1m | |
| Chief Compliance Officer | 13.2yrs | no data | no data | |
| Executive Vice President of Human Resources | 11.8yrs | no data | 0.052% € 856.9k | |
| Executive VP & Chief Audit Executive | 16yrs | no data | 0.059% € 980.1k | |
| Executive VP & Financial Solutions Executive | 6.3yrs | no data | no data | |
| President of Equipment Finance Group | 3.6yrs | no data | no data | |
| Executive VP & Chief Credit Officer | less than a year | no data | 0.031% € 508.3k | |
| Senior Vice President | 1.7yrs | no data | no data |
11.7yrs
Average Tenure
60yo
Average Age
Experienced Management: FCF's management team is seasoned and experienced (11.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.8yrs | US$1.39m | 0.35% € 5.8m | |
| Executive VP | 4.8yrs | US$980.08k | 0.16% € 2.6m | |
| Independent Chairman of the Board | 12yrs | US$198.75k | 0.042% € 686.3k | |
| Independent Director | 27yrs | US$110.75k | 0.054% € 891.2k | |
| Independent Director | 27yrs | US$98.75k | 0.33% € 5.4m | |
| Independent Director | 39yrs | US$110.75k | 0.077% € 1.3m | |
| Independent Director | 21yrs | US$110.75k | 0.051% € 839.3k | |
| Independent Director | 14.8yrs | US$110.75k | 0.053% € 866.5k | |
| Independent Director | 17.8yrs | US$113.25k | 0.048% € 795.0k | |
| Independent Director | 13.8yrs | US$90.75k | 0.14% € 2.4m | |
| Independent Director | 13.8yrs | US$98.75k | 0.049% € 800.2k | |
| Independent Director | 7.8yrs | US$90.75k | 0.024% € 395.9k |
14.3yrs
Average Tenure
71.5yo
Average Age
Experienced Board: FCF's board of directors are seasoned and experienced ( 14.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 02:02 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
First Commonwealth Financial Corporation is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Schultheis | Boenning & Scattergood, Inc. |
| Stephen Moss | B. Riley Securities, Inc. |
| Russell Elliott Gunther | D.A. Davidson & Co. |