FIRST COMMONWEALTH FINANCIAL CORP /PA/
In the published model solve dated 2026-Q2, anchored at $20.85, FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF) is priced for 11.1% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• The spread is the whole business and it widened: net interest margin on a fully taxable equivalent basis rose 29 basis points to 3.84% in 2025 from 3.55%, ahead of what fellow community lender NBTB reported at 3.59% for the same year. • Credit is running the other way, and commercial property is why: nonperforming loans reached 0.98% of total loans and leases at March 31, 2026 against 0.65% a year earlier, and the 10-K attributes a 67% rise in nonperforming loans largely to commercial real est
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251 institutional managers reported holding FCF in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 51%. 34 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 2.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FCF's share count grew 6.4% over the past five years even with $133.31M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 9 years straight; the current rate is $0.54 a share annually. Cash returned over the past three years: $147.50M in dividends and $78.18M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FCF over the trailing three years: 2024: 1 buy totaling $50k; 2025: 6 buys totaling $294k; 2026: 1 buy totaling $18k. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FCF's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +2.0% | -10.9% |
| 2023-11-08 | -4.2% | +16.1% |
| 2024-03-01 | -6.9% | +4.9% |
| 2024-05-08 | -1.4% | +4.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FCF's latest 8-K filings: 2026-07-31 (items 5.03, 9.01); 2026-07-28 (items 2.02, 7.01, 9.01); 2026-05-01 (items 5.07, 9.01); 2026-04-28 (items 2.02, 7.01, 9.01); 2026-04-15 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.