First Commonwealth Financial (FCF) Q3 2026 earnings summary

Executive summary

• Core EPS was $0.45, up $0.01 QoQ and $0.06 YoY; core pre-tax, pre-provision income was $65.0 million.

• GAAP net income was $44.9 million and core net income was $45.4 million; higher revenue and NIM expansion were partly offset by higher provision and operating expenses.

Financial highlights

• Net interest income (FTE) was $116.7 million, up $3.9 million QoQ and $5.3 million YoY; core PPNR was $65.5 million.

• Total operating revenue was $143.3 million, up from $139.4 million QoQ and $136.0 million YoY.

• Noninterest income, excluding Q2 securities gains, was $26.7 million, flat QoQ and up $2.2 million YoY; fee income was $26.6 million, flat QoQ and up $2.1 million YoY.

• Total noninterest expense was $78.2 million, up $4.0 million QoQ and $5.4 million YoY; expense excluding amortization and merger costs was $76.8 million.

Segment performance

• Period-end loans rose $63.4 million, or 2.6% annualized, QoQ; equipment finance grew $42.8 million, auto and RV $25.3 million, and HELOCs $14.8 million, while CRE fell $40.1 million.

• CRE totaled $3.04 billion, or 31.8% of loans; office exposure was $377.3 million, with 58% recourse and ~16% in central business districts.

• Period-end deposits increased $13.8 million, or 0.5% annualized, QoQ; average deposits fell $87.1 million, or 3.3% annualized, and noninterest-bearing deposits were 24.0% of total deposits.

• Mortgage originations were $133.4 million, up $25.6 million QoQ.