(FCF) First Commonwealth Financial - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 1.865m USD | Total Return: 23.9% in 12m
Avg Turnover: 12.6M
EPS Trend: -58.7%
Qual. Beats: -1
Rev. Trend: 89.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
First Commonwealth Financial Corporation (NYSE: FCF) is a financial holding company headquartered in Indiana, Pennsylvania, providing a comprehensive range of consumer and commercial banking services. Its operations include traditional deposit products, mortgage and installment lending, and commercial cash management. The company also maintains diversified revenue streams through trust and asset management, insurance brokerage, and investment services.
As a regional bank, First Commonwealth operates under a business model primarily focused on the net interest margin-the spread between interest earned on loans and interest paid on deposits. Regional banks often maintain a competitive advantage through localized market knowledge and relationship-based commercial lending within specific geographic footprints. The company’s inclusion of insurance and brokerage services provides non-interest income, which can help mitigate earnings volatility during periods of fluctuating interest rates.
Examining historical valuation trends on ValueRay can provide further context on the companys current market position. First Commonwealth Financial has maintained a continuous operational history since its founding in 1934, focusing its credit exposure across residential, commercial, and agricultural real estate sectors.
- Net interest margin sensitivity to Federal Reserve benchmark rate fluctuations
- Commercial real estate loan portfolio performance in the Pennsylvania and Ohio markets
- Expansion of fee-based revenue through trust and asset management services
- Operational efficiency improvements driven by digital banking adoption and branch consolidation
- Regional economic health affecting demand for small business and consumer credit lines
| Net Income: 157.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.05 > 1.0 |
| NWC/Revenue: -22.06% < 20% (prev -1.24k%; Δ 1.22k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 218.4m > Net Income 157.2m |
| Net Debt (81.6m) to EBITDA (211.1m): 0.39 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.4m) vs 12m ago 0.52% < -2% |
| Gross Margin: 67.80% > 18% (prev 0.64%; Δ 6.72k% > 0.5%) |
| Asset Turnover: 6.15% > 50% (prev 5.94%; Δ 0.21% > 0%) |
| Interest Coverage Ratio: 1.01 > 6 (EBITDA TTM 211.1m / Interest Expense TTM 203.2m) |
| A: -0.01 (Total Current Assets 118.1m - Total Current Liabilities 281.1m) / Total Assets 12.3b |
| B: 0.09 (Retained Earnings 1.09b / Total Assets 12.3b) |
| C: 0.02 (EBIT TTM 204.6m / Avg Total Assets 12.0b) |
| D: 0.11 (Book Value of Equity 1.15b / Total Liabilities 10.7b) |
| Altman-Z'' = 0.43 = B |
As of May 24, 2026, the stock is trading at USD 18.74 with a total of 423,676 shares traded.
Over the past week, the price has changed by +2.99%,
over one month by +1.30%,
over three months by +5.82% and
over the past year by +23.87%.
First Commonwealth Financial has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy FCF.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.8 | 11.2% |
P/E Forward = 10.3199
P/S = 3.762
P/B = 1.1827
P/EG = 1.4616
Revenue TTM = 739.1m USD
EBIT TTM = 204.6m USD
EBITDA TTM = 211.1m USD
Long Term Debt = 128.5m USD (from longTermDebt, last quarter)
Short Term Debt = 26.9m USD (from shortTermDebt, last quarter)
Debt = 199.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 3.56m
Net Debt = 81.6m USD (calculated: Debt 199.7m - CCE 118.1m)
Enterprise Value = 1.95b USD (1.86b + Debt 199.7m - CCE 118.1m)
Interest Coverage Ratio = 1.01 (Ebit TTM 204.6m / Interest Expense TTM 203.2m)
EV/FCF = 15.20x (Enterprise Value 1.95b / FCF TTM 128.1m)
FCF Yield = 6.58% (FCF TTM 128.1m / Enterprise Value 1.95b)
FCF Margin = 17.33% (FCF TTM 128.1m / Revenue TTM 739.1m)
Net Margin = 21.26% (Net Income TTM 157.2m / Revenue TTM 739.1m)
Gross Margin = 67.80% ((Revenue TTM 739.1m - Cost of Revenue TTM 238.0m) / Revenue TTM)
Gross Margin QoQ = 67.11% (prev 73.11%)
Tobins Q-Ratio = 0.16 (Enterprise Value 1.95b / Total Assets 12.3b)
Interest Expense / Debt = 101.8% (Interest Expense 203.2m / Debt 199.7m)
Taxrate = 20.50% (9.69m / 47.2m)
NOPAT = 162.6m (EBIT 204.6m * (1 - 20.50%))
Current Ratio = 0.01 (Total Current Assets 118.1m / Total Current Liabilities 9.52b)
Debt / Equity = 0.13 (Debt 199.7m / totalStockholderEquity, last quarter 1.55b)
Debt / EBITDA = 0.39 (Net Debt 81.6m / EBITDA 211.1m)
Debt / FCF = 0.64 (Net Debt 81.6m / FCF TTM 128.1m)
Total Stockholder Equity = 1.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.31% (Net Income 157.2m / Total Assets 12.3b)
RoE = 10.19% (Net Income TTM 157.2m / Total Stockholder Equity 1.54b)
RoCE = 12.25% (EBIT 204.6m / Capital Employed (Equity 1.54b + L.T.Debt 128.5m))
RoIC = 1.33% (NOPAT 162.6m / Invested Capital 12.3b)
WACC = 7.57% (E(1.86b)/V(2.06b) * Re(8.38%) + (debt cost/tax rate unavailable))
Discount Rate = 8.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 28.89 | Cagr: 0.06%
[DCF] Terminal Value 75.39% ; FCFF base≈128.2m ; Y1≈128.4m ; Y5≈135.2m
[DCF] Fair Price = 19.89 (EV 2.10b - Net Debt 81.6m = Equity 2.02b / Shares 101.7m; r=8.35% [WACC [floored]]; 5y FCF grow -0.37% → 2.50% )
EPS Correlation: -58.67 | EPS CAGR: -5.05% | SUE: -1.24 | # QB: -1
Revenue Correlation: 89.38 | Revenue CAGR: 10.64% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.42 | Chg30d=-1.16% | Revisions=-25% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.46 | Chg30d=-1.08% | Revisions=-14% | Analysts=6
EPS current Year (2026-12-31): EPS=1.73 | Chg30d=-2.36% | Revisions=-50% | GrowthEPS=+12.8% | GrowthRev=+6.4%
EPS next Year (2027-12-31): EPS=1.96 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+13.8% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: -50%