FIRST COMMONWEALTH FINANCIAL CORP /PA/
In the published model solve dated 2026-Q2, anchored at $20.28, FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF) is priced for 10.9% 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: 2026-09-17 (items 5.02, 9.01); 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).
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.