First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States.
Flawless balance sheet and fair value.
Share Price & News
How has First Commonwealth Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FCF underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: FCF underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is First Commonwealth Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StThere's A Lot To Like About First Commonwealth Financial Corporation's (NYSE:FCF) Upcoming US$0.11 Dividend
2 weeks ago | Simply Wall StDo Institutions Own Shares In First Commonwealth Financial Corporation (NYSE:FCF)?
1 month ago | Simply Wall StWhat Does First Commonwealth Financial Corporation's (NYSE:FCF) P/E Ratio Tell You?
Is First Commonwealth Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCF ($13.88) is trading below our estimate of fair value ($20.68)
Significantly Below Fair Value: FCF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCF is poor value based on its PE Ratio (13x) compared to the Banks industry average (12.6x).
PE vs Market: FCF is good value based on its PE Ratio (13x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: FCF is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: FCF is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
How is First Commonwealth Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCF's forecast earnings growth (2.9% per year) is above the savings rate (1.7%).
Earnings vs Market: FCF's earnings (2.9% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: FCF's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCF's revenue (5.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FCF's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCF's Return on Equity is forecast to be low in 3 years time (9.9%).
How has First Commonwealth Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCF has high quality earnings.
Growing Profit Margin: FCF's current net profit margins (31.1%) are lower than last year (32.9%).
Past Earnings Growth Analysis
Earnings Trend: FCF's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: FCF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCF had negative earnings growth (-2%) over the past year, making it difficult to compare to the Banks industry average (12.1%).
Return on Equity
High ROE: FCF's Return on Equity (10%) is considered low.
Return on Assets
Return on Capital Employed
How is First Commonwealth Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FCF has a low level of unsold assets or inventory.
Debt Coverage by Assets: FCF's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: FCF's level of assets compared to its equity is low.
Allowance for Bad Loans: FCF has a sufficient allowance for bad loans.
Low Risk Liabilities: FCF's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FCF's loans are broadly funded by customer deposits.
Level of Bad Loans: FCF has an appropriate level of bad loans (0.52%)
What is First Commonwealth Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FCF's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: FCF's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: FCF's dividend payments have been volatile in the past 10 years.
Growing Dividend: FCF's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.4%), FCF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCF's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Price (56yo)
Mr. Thomas Michael Price, also known as Mike, has been the Chief Executive Officer of First Commonwealth Financial Corporation since March 7, 2012 and serves as its Chief Executive Officer of First Commonw ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.19M) is below average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO & Director||8.1yrs||US$1.19m||0.23% $3.2m|
|President & Chief Revenue Officer||0yrs||US$881.93k||0.11% $1.5m|
|Executive VP||5.8yrs||US$825.62k||0.061% $832.6k|
|Executive VP||9.3yrs||US$655.13k||0.058% $786.3k|
|Chief Credit Officer & Executive VP||3.2yrs||US$763.17k||0.051% $694.3k|
|Vice President / Finance and Investor Relations||0yrs||no data||no data|
|Chief Compliance Officer||8.3yrs||no data||no data|
|Assistant Vice President of Communications & Community Relations||0yrs||no data||no data|
|Executive Vice President of Human Resources||6.9yrs||no data||0.043% $587.2k|
|Executive VP & Business Integration Group Manager||0yrs||US$478.81k||0.075% $1.0m|
Experienced Management: FCF's management team is seasoned and experienced (7.5 years average tenure).
|CEO & Director||8.1yrs||US$1.19m||0.23% $3.2m|
|Independent Director||7.1yrs||US$80.00k||0.024% $324.2k|
|Chairman of the Board & Lead Director||14.1yrs||US$193.00k||0.054% $733.8k|
|Independent Director||22.1yrs||US$72.00k||0.056% $764.7k|
|Independent Director||22.1yrs||US$68.00k||0.31% $4.3m|
|Independent Director||34.1yrs||US$80.00k||0.080% $1.1m|
|Independent Director||16.1yrs||US$80.00k||0.048% $652.6k|
|Independent Director||9.8yrs||US$76.00k||0.036% $493.3k|
|Independent Director||12.8yrs||US$82.50k||0.047% $638.3k|
|Independent Director||8.8yrs||US$62.67k||0.15% $2.0m|
Experienced Board: FCF's board of directors are seasoned and experienced ( 13.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Commonwealth Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: First Commonwealth Financial Corporation
- Ticker: FCF
- Exchange: NYSE
- Founded: 1934
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.363b
- Shares outstanding: 98.17m
- Website: https://www.fcbanking.com
Number of Employees
- First Commonwealth Financial Corporation
- 601 Philadelphia Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FCF||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 1990|
|FCF||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1990|
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services. The company’s commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of March 4, 2019, the company operated 137 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio. It also leases 3 mortgage loan production offices and 3 corporate loan production offices, as well as operates a network of 150 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/15 23:35|
|End of Day Share Price||2020/02/14 00:00|
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.