Highest-materiality recent filing
First Commonwealth amends bylaws on shareholder meetings, nominations, and vacancies
Section 2.1 updated to allow shareholder meetings solely via electronic communications under Pennsylvania law.
First Commonwealth Q2 net income $44.6M, EPS $0.44; declares $0.14 dividend, adds $75M buyback
Net income $44.6M ($0.44 diluted EPS) vs $33.4M ($0.32) in Q2 2025; core EPS $0.44.
FCF annual meeting results: all directors elected, EY ratified, say-on-pay passed
All 12 director nominees elected, each receiving >66M votes for; no close contests.
First Commonwealth Q1 2026 EPS $0.37; dividend raised to $0.14/share
Net income $37.5M, diluted EPS $0.37 vs $0.32 a year ago; core EPS also $0.37.
First Commonwealth appoints Ryan Gorney as EVP & CIO; succeeds retiring Norm Montgomery
Ryan Gorney appointed EVP and CIO effective April 27, 2026; replaces Norm Montgomery retiring May 1.
Q4 net income $44.9M ($0.43 EPS) vs $35.8M ($0.35) a year ago; FY net income $152.3M ($1.47) vs $142.6M ($1.39).
First Commonwealth announces new $25M share repurchase program
Completed prior $25M program, repurchasing 1,560,477 shares at weighted avg price $16.02.
First Commonwealth appoints Joseph V. DiVito Jr. to board; board expands to 13
DiVito, 58, appointed effective Nov 1, 2025; brings IT, cybersecurity, and regulatory compliance expertise.
First Commonwealth Q3 2025 net income $41.3M, EPS $0.39, NIM expands to 3.92%
Q3 2025 net income $41.3M ($0.39 diluted EPS), up from $32.1M ($0.31) a year ago.
EVP & Chief Revenue Officer Jane Grebenc to retire Q1 2026; McCuen promoted to Chief Banking Officer
Jane Grebenc notified First Commonwealth on Aug 1, 2025 of her plan to retire in the first quarter of 2026.
First Commonwealth Q2 net income $33.4M, EPS $0.32; declares $0.135 dividend
GAAP net income $33.4M ($0.32 diluted EPS) vs $37.1M ($0.36) in Q2 2024.
First Commonwealth completes acquisition of CenterGroup Financial (CenterBank)
Merger closed April 30, 2025; CenterGroup shareholders received 6.10 FCF shares per CGFI share.
First Commonwealth shareholders elect 12 directors, ratify auditor, approve say-on-pay
All 12 director nominees elected with votes ranging from 69.9M to 74.7M shares for.
First Commonwealth Q1 net income $32.7M ($0.32 EPS); quarterly dividend increased to $0.135
Net income $32.7M, diluted EPS $0.32, vs $37.5M ($0.37) in Q1 2024.
First Commonwealth receives regulatory approval for CenterGroup merger; close expected Q2 2025
FDIC approved merger of CenterBank into First Commonwealth Bank; PA Dept of Banking and Securities also approved.
First Commonwealth Q4 net income $35.8M, EPS $0.35, down 20% YoY; declares $0.13 dividend
Q4 2024 net income of $35.8M ($0.35 diluted EPS) vs. $44.8M ($0.44) in Q4 2023.
First Commonwealth to acquire CenterGroup Financial in all-stock deal valued at ~$54.6M
Transaction valued at $54.6M (153% P/TBV, 15.3x 2025E earnings) based on FCF's $17.84 close Dec 17.
First Commonwealth promotes Linda Metzmaier to Chief Risk Officer effective Jan. 1, 2025
Linda Metzmaier promoted from Deputy Chief Risk & Compliance Officer to EVP/Chief Risk Officer.
First Commonwealth Q3 net income $32.1M, EPS $0.31; declares $0.13 dividend
Net income $32.1M, diluted EPS $0.31 vs $0.38 in Q3 2023; core EPS $0.31.
First Commonwealth CCO Brian Karrip to retire Aug 15; Brian Sohocki named successor
Brian Karrip retires as EVP and CCO effective August 15, 2024; separation includes 12-month salary continuation at $424k.
First Commonwealth Q2 2024 EPS $0.36, down from $0.42; dividend $0.13
Net income $37.1M vs $42.8M in Q2 2023; diluted EPS $0.36 vs $0.42.
First Commonwealth names Michael P. McCuen EVP and Chief Lending Officer
McCuen appointed EVP and Chief Lending Officer effective July 1, 2024; to lead all commercial banking teams.
FCF shareholders re-elect all 15 directors, approve auditor, say-on-pay, and 2024 Stock Plan
All 15 director nominees elected with strong support; terms expire in 2025.
First Commonwealth Q1 net income $37.5M, EPS $0.37; dividend raised to $0.13
Net income $37.5M, up 24% from $30.2M in Q1 2023; diluted EPS $0.37 vs $0.30.
ISS gave unfavorable recommendation citing lack of commitment to deduct prior plan grants from new plan's share pool.
First Commonwealth raises CEO base salary to $700,000 per year
CEO T. Michael Price base salary increased from $600,000 to $700,000 annually, effective March 1, 2024.
First Commonwealth reports Q4 2023 EPS $0.44; declares $0.125 dividend
Q4 2023 net income $44.8M ($0.44 diluted EPS); full-year net income $157.1M ($1.54 diluted EPS).
First Commonwealth Q3 EPS $0.38, down from $0.42 in Q2; dividend held at $0.125
Net income Q3 2023 $39.2M ($0.38 diluted EPS) vs Q2 $42.8M ($0.42 EPS) and Q3 2022 $34.0M ($0.36).
First Commonwealth Q2 net income $42.8M, EPS $0.42, declares $0.125 dividend
Net income $42.8M up 39% YoY ($30.8M); diluted EPS $0.42 vs $0.33.
First Commonwealth reports third-party MOVEit data breach affecting debit card customers
Third-party vendor experienced a security incident exploiting a zero-day in MOVEit file transfer application.
First Commonwealth annual meeting elects directors, approves say-on-pay every year
All 15 director nominees elected with majority support; terms expire 2024.
First Commonwealth Q1 2023 core EPS $0.45; raises dividend to $0.125, boosts buyback by $25M
Net income of $30.2M ($0.30 diluted EPS); core net income of $45.4M ($0.45 core diluted EPS).
First Commonwealth closes Centric Financial acquisition; expands into central PA markets
Centric shareholders received 1.09 FCF shares per Centric common share in the merger effective Feb 1, 2023.
First Commonwealth reports Q4 2022 EPS $0.38; declares $0.12 dividend
Q4 2022 net income $35.7M, diluted EPS $0.38; core diluted EPS $0.39.
Lawsuit filed Jan 17, 2023 in PA by Charles Reinhardt against Centric Directors alleging proxy statement deficiencies.
First Commonwealth Q3 EPS $0.36 ($0.37 core); NIM expands to 3.76%; dividend $0.12
Net income of $34.0M, diluted EPS $0.36; core EPS $0.37 (non-GAAP).
First Commonwealth acquires Centric Financial in all-stock deal valued at ~$144M
All-stock merger valued at ~$144M (~$16.20/share); Centric holders get 1.09 FCF shares.
First Commonwealth Q2 EPS $0.33, NIM expands to 3.38%; declares $0.12 dividend
Reported net income of $30.8M, diluted EPS $0.33, up from $0.29 in Q1 2022 and $0.31 a year ago.
First Commonwealth annual meeting elects directors, ratifies auditor, approves say-on-pay
All 14 director nominees elected; votes ranging from 60.3M to 68.8M each; terms expire 2023.
First Commonwealth Q1 net income $27.7M ($0.29 EPS); dividend raised to $0.12
Net income of $27.7M ($0.29 diluted EPS) vs $39.8M ($0.41) a year ago; core EPS $0.29.
First Commonwealth Q4 net income $34.8M, EPS $0.37; declares $0.115 dividend
Diluted EPS $0.37 for Q4 2021 vs $0.27 in Q4 2020; full year EPS $1.44 vs $0.75.
First Commonwealth amends NQDC plan, adds age 55/62 payout options for non-elective contributions
Compensation Committee approved amendments to NQDC Plan on October 25, 2021.
First Commonwealth Q3 net income $34.1M, EPS $0.36; declares $0.115 dividend, $25M buyback
Q3 2021 net income $34.1M, diluted EPS $0.36, up from $19.2M ($0.20) in Q3 2020.
First Commonwealth Q2 net income $29.6M, EPS $0.31; dividend $0.115
Q2 2021 net income $29.6M, diluted EPS $0.31, vs Q2 2020 net income $23.9M, EPS $0.24.
Brian Karrip, Executive Vice President of First Commonwealth Financial Corporation (the “Company”) and Executive Vice President and Chief Credit Officer of First Commonwealth Bank, notified the Company that he intends to retire as of August 15, 2024.
the appointment of Brian Sohocki, Deputy Chief Credit Officer as Chief Credit Officer in accordance with the Company’s succession plan.
On July 1, 2024, the Board of Directors of First Commonwealth Financial Corporation (the “Company”) appointed Michael P. McCuen as Executive Vice President and Chief Lending Officer of the Company.
On January 31, 2023, Patricia A. Husic, President and Chief Executive Officer of Centric and a director of Centric prior to the Effective Time, was appointed to the Board of Directors of the Company and FCB pursuant to the terms of the Merger Agreement.
Max materiality 0.85 · Median 0.62 · Most common event earnings