---
schema_version: "secwatch.filing_event.v1"
accession: "0000712537-24-000127"
form_type: "8-K"
ticker: "FCF"
cik: "0000712537"
company_name: "FIRST COMMONWEALTH FINANCIAL CORP /PA/"
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T02:09:22.498386+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Commonwealth to acquire CenterGroup Financial in all-stock deal valued at ~$54.6M

## Summary
- Transaction valued at $54.6M (153% P/TBV, 15.3x 2025E earnings) based on FCF's $17.84 close Dec 17.
- CenterGroup shareholders receive 6.10 FCF shares per share; deal expected to close H1 2025.
- Adds ~$348M in assets, 3 branches, LPO, and mortgage office in Cincinnati; customer base 65% business.
- Estimated ~2% EPS accretive in 2025, ~3% in 2026; TBV dilution <2% with earnback <3 years.
- 40% cost savings targeted; pre-tax merger charges ~$5.7M; pro forma TCE ratio 8.9%.

## SEC filing metadata
- accession: 0000712537-24-000127
- form_type: 8-K
- ticker: FCF
- cik: 0000712537
- company_name: FIRST COMMONWEALTH FINANCIAL CORP /PA/
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712537/000071253724000127/0000712537-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712537/000071253724000127/fcf-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712537-24-000127
- JSON: https://secwatch.observer/filing/0000712537-24-000127.json
- Plain text: https://secwatch.observer/filing/0000712537-24-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.