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 €6.61M. The average tenure of the management team and the board of directors is 11.5 years and 14.1 years respectively.

Key information

Mike Price

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	42.2%
CEO tenure	12.8yrs
CEO ownership	0.4%
Management average tenure	11.5yrs
Board average tenure	14.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Price's remuneration changed compared to First Commonwealth Financial's earnings?
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
Sep 30 2018	n/a	n/a	US$84m
Jun 30 2018	n/a	n/a	US$81m
Mar 31 2018	n/a	n/a	US$63m
Dec 31 2017	US$1m	US$459k	US$55m

Compensation vs Market: Mike's total compensation ($USD1.39M) is about average for companies of similar size in the German market ($USD1.64M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Price (61 yo)

12.8yrs

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
Thomas Price	President	12.8yrs	US$1.39m	0.35% € 6.6m
James Reske	Executive VP	10.6yrs	US$924.44k	0.084% € 1.6m
Jane Grebenc	Executive VP	11.5yrs	US$980.08k	0.16% € 3.0m
Ryan Thomas	Vice President / Finance and Investor Relations	no data	no data	no data
Matthew Tomb	Executive VP	14yrs	US$576.45k	0.068% € 1.3m
Linda Metzmaier	Chief Compliance Officer	13yrs	no data	no data
Carrie Riggle	Executive Vice President of Human Resources	11.7yrs	no data	0.052% € 977.3k
Leonard Lombardi	Executive VP & Chief Audit Executive	15.8yrs	no data	0.059% € 1.1m
Joseph Culos	Executive VP & Financial Solutions Executive	6.2yrs	no data	no data
Rob Boyer	President of Equipment Finance Group	3.4yrs	no data	no data
Brian Sohocki	Executive VP & Chief Credit Officer	less than a year	no data	0.031% € 579.7k
Eric Wissinger	Senior Vice President	1.5yrs	no data	no data

11.5yrs

Average Tenure

60yo

Average Age

Experienced Management: FCF's management team is seasoned and experienced (11.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Price	President	12.7yrs	US$1.39m	0.35% € 6.6m
Jane Grebenc	Executive VP	4.6yrs	US$980.08k	0.16% € 3.0m
Jon Gorney	Independent Chairman of the Board	11.8yrs	US$198.75k	0.042% € 782.8k
David Dahlmann	Independent Director	26.8yrs	US$110.75k	0.054% € 1.0m
Ray Charley	Independent Director	26.8yrs	US$98.75k	0.33% € 6.1m
Johnston Glass	Independent Director	38.8yrs	US$110.75k	0.077% € 1.5m
Robert Ventura	Independent Director	20.8yrs	US$110.75k	0.051% € 957.2k
David Greenfield	Independent Director	14.6yrs	US$110.75k	0.053% € 988.2k
Julie Caponi	Independent Director	17.6yrs	US$113.25k	0.048% € 906.6k
Luke Latimer	Independent Director	13.6yrs	US$90.75k	0.14% € 2.7m
Gary Claus	Independent Director	13.6yrs	US$98.75k	0.049% € 912.7k
Stephen Wolfe	Independent Director	7.6yrs	US$90.75k	0.024% € 451.5k

14.1yrs

Average Tenure

71.5yo

Average Age

Experienced Board: FCF's board of directors are seasoned and experienced ( 14.1 years average tenure).

First Commonwealth Financial Management

Management criteria checks 4/4

Key information

Recent management updates

First Commonwealth Financial Corporation, Annual General Meeting, Apr 23, 2024

First Commonwealth Appoints Eric Wissinger as Senior VP

Independent Director recently bought €97k worth of stock

President recently bought €169k worth of stock

Insider recently sold €250k worth of stock

First Commonwealth Financial Corporation, Annual General Meeting, Apr 27, 2021

Recent updates

Investor sentiment improves as stock rises 16%

Third quarter dividend of US$0.13 announced

Third quarter 2024 earnings released: EPS: US$0.31 (vs US$0.38 in 3Q 2023)

First Commonwealth Financial Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

Second quarter dividend of US$0.13 announced

Second quarter 2024 earnings released: EPS: US$0.36 (vs US$0.42 in 2Q 2023)

First Commonwealth Financial Corporation Declares Quarterly Dividend, Payable on August 16, 2024

Investor sentiment improves as stock rises 17%

First Commonwealth Financial Corporation to Report Q2, 2024 Results on Jul 23, 2024

First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.30 in 1Q 2023)

First Commonwealth Financial Corporation to Report Q1, 2024 Results on Apr 23, 2024

First Commonwealth Financial Corporation, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: EPS: US$1.55 (vs US$1.37 in FY 2022)

Fourth quarter dividend of US$0.13 announced

Full year 2023 earnings released: EPS: US$1.54 (vs US$1.37 in FY 2022)

First Commonwealth Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

First Commonwealth Financial Corporation to Report Q4, 2023 Results on Jan 30, 2024

First Commonwealth Financial Corporation Declares Quarterly Dividend, Payable on November 17, 2023

Third quarter 2023 earnings released: EPS: US$0.38 (vs US$0.36 in 3Q 2022)

First Commonwealth Financial Corporation to Report Q3, 2023 Results on Oct 24, 2023

First Commonwealth Financial Corporation Declares Quarterly Dividend, Payable on August 18, 2023

Second quarter 2023 earnings released: EPS: US$0.42 (vs US$0.33 in 2Q 2022)

First Commonwealth Financial Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Commonwealth Appoints Eric Wissinger as Senior VP

First quarter 2023 earnings released: EPS: US$0.30 (vs US$0.29 in 1Q 2022)

Independent Director recently bought €97k worth of stock

Full year 2022 earnings released

First Commonwealth Financial Corporation (NYSE:FCF) completed the acquisition of Centric Financial Corporation (OTCPK:CFCX) from a group of shareholders.

President recently bought €169k worth of stock

Full year 2022 earnings released: EPS: US$1.37 (vs US$1.45 in FY 2021)

First Commonwealth Financial Corporation Announces Net Charge-Offs for the Fourth Quarter of 2022

First Commonwealth Financial Corporation to Report Q4, 2022 Results on Jan 24, 2023

Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.36 in 3Q 2021)

First Commonwealth Financial Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

First Commonwealth Financial Corporation Declares Quarterly Dividend, Payable on November 18, 2022

First Commonwealth Financial Corporation to Report Q3, 2022 Results on Oct 25, 2022

First Commonwealth Financial Corporation (NYSE:FCF) entered into a definitive agreement to acquire Centric Financial Corporation (OTCPK:CFCX) for approximately $130 million.

First Commonwealth Financial Corporation Announces Net Charge-Offs for the Second Quarter ended June 30, 2022

First Commonwealth Financial Corporation Declares Quarterly Dividend,Payable on August 19, 2022

Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.31 in 2Q 2021)

First Commonwealth Financial Corporation to Report Q2, 2022 Results on Jul 26, 2022

First quarter 2022 earnings released: EPS: US$0.29 (vs US$0.41 in 1Q 2021)

First Commonwealth Financial Corporation Announces Net Charge-Offs for the First Quarter of 2022

First Commonwealth Financial Corporation to Report Q1, 2022 Results on Apr 26, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$0.36 (vs US$0.20 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.31 (vs US$0.24 in 2Q 2020)

Insider recently sold €250k worth of stock

First Commonwealth Financial Corporation Declares Quarterly Dividend, Payable on May 21, 2021

First quarter 2021 earnings released: EPS US$0.41 (vs US$0.048 in 1Q 2020)

First Commonwealth Financial Corporation, Annual General Meeting, Apr 27, 2021

Full year 2020 earnings released

Chief Credit Officer & Executive VP recently sold €91k worth of stock

New 90-day high: €10.70

Executive VP recently sold €131k worth of stock

Full year 2020 earnings released: EPS US$0.001 (vs US$1.07 in FY 2019)

First Commonwealth Financial Corporation to Report Q4, 2020 Results on Jan 26, 2021

New 90-day high: €9.75

President recently bought €84k worth of stock

Market bids up stock over the past week

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.20

New 90-day high: €7.75

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

First Commonwealth Financial Corporation to Report Q3, 2020 Results on Oct 27, 2020

New 90-day low: €6.15

First half earnings released

First Commonwealth Financial Corporation to Report Q2, 2020 Results on Jul 28, 2020