secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMONWEALTH FINANCIAL CORP /PA/ (FCF)
CIK:        0000712537
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0000712537-22-000038
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Commonwealth acquires Centric Financial in all-stock deal valued at ~$144M
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- All-stock merger valued at ~$144M (~$16.20/share); Centric holders get 1.09 FCF shares.
- Expected Q1 2023 close; 2023 EPS accretion ~5%, 2024 ~7%; TBV dilution ~3%, earnback ~2 years.
- Centric contributes ~$1B assets, $0.9B deposits, $0.9B loans; combined assets ~$10.6B.
- Patti Husic, Centric CEO, to join FCF Board of Directors post-close.
- Transaction unanimously approved by both boards; requires Centric shareholder and regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712537/000071253722000038/0000712537-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712537/000071253722000038/fcf-20220830.htm
  HTML page:      https://secwatch.observer/filing/0000712537-22-000038

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