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First Commonwealth Financial
First Commonwealth Financial (FCF) investor relations material
First Commonwealth Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary28 Jan, 2026
Executive summary
Core EPS for Q4 2025 was $0.43, up $0.04 sequentially, with net interest margin expanding to 3.98% and core ROA at 1.45%.
Core pre-tax pre-provision income reached $63.2 million, with a core PTPP ROAA of 2.05%.
Average deposits and total loans grew 2.8% and 1.2% respectively in Q4, with healthy new commercial loan volume and lower deposit costs.
For the year, core EPS reached $1.53, exceeding consensus, and net interest income rose $47.2 million year-over-year, driven by higher loan yields and volumes.
The acquisition of CenterBank was completed, contributing to deposit and loan growth.
Financial highlights
Net interest income for 2025 was $427.5 million, up $47.2 million year-over-year; Q4 net interest income (FTE) was $113.6 million, up $2.1 million sequentially and $18.1 million year-over-year.
Loan growth was 8.2% annualized (5% excluding CenterBank), with commercial banking, equipment finance, and indirect lending leading.
Average deposit growth was 6.1% for the year, with money market and CDs adding $534 million and non-interest DDA $116 million.
Fee income represented 18% of total revenue, with non-interest income down only $3 million year-over-year despite $6.3 million Durbin amendment headwinds.
Core efficiency ratio for Q4 was 52.8%, and core non-interest expense increased $1.7 million from the previous quarter due to hiring.
Outlook and guidance
NIM is expected to dip 5-10 basis points in Q1 2026 due to rate cuts, then gradually improve to around 4% by year-end; macro swap maturities to add 3bps by year-end 2026.
Loan growth guidance remains mid-single digits, with strong commercial pipelines and construction lending expected.
Non-interest income is expected to be relatively flat in 2026 compared to 2025.
Operating cost increases are expected to be limited to about 3% year-over-year.
Net charge-off guidance is 25-30 basis points, with reserves at 1.32% of loans, consistent with or slightly ahead of peers.
Reasoning for $225.4M commercial loans HFS
Explain rising NPLs/criticized loans vs. lower NCOs?
Mitigate Durbin impact on card interchange income
New loan yields and deposit cost outlook?
Are more strategic loan portfolio sales expected?
Expected quarterly share repurchase pace?
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Next First Commonwealth Financial earnings date
Q1 202629 Apr, 2026
First Commonwealth Financial
Next First Commonwealth Financial earnings date
Q1 202629 Apr, 2026
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Frequently asked questions
First Commonwealth Financial Corporation is a financial holding company that provides consumer and commercial banking services through its subsidiary, First Commonwealth Bank. Its services include deposit accounts, loans, mortgage lending, and wealth management. The company operates primarily in Pennsylvania and Ohio. It is headquartered in Indiana, Pennsylvania, and its shares are listed on the NYSE.
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