First Commonwealth Financial Corporation (FCF)

FCF Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	555.44	490.71	302.21	267.6	275.19	291.89
Interest Income on Investments	39.29	39.29	27.75	26.24	26.02	33.38
Total Interest Income	594.72	530	329.95	293.84	301.21	325.26
Interest Paid on Deposits	183.26	112.41	6.71	5.75	21.97	36.73
Interest Paid on Borrowings	31.92	31.92	11.02	9.55	10.97	18.68
Total Interest Expense	215.18	144.32	17.73	15.3	32.94	55.4
Net Interest Income	379.55	385.68	312.22	278.54	268.27	269.86
Net Interest Income Growth (YoY)	0.42%	23.53%	12.09%	3.83%	-0.59%	6.99%
Trust Income	11.34	10.52	10.52	11.11	9.1	8.32
Gain (Loss) on Sale of Assets	-0.46	-0.2	-0.34	-0.3	-0.68	-1.72
Gain (Loss) on Sale of Investments	-5.45	-0.1	0	0.02	0.07	0.02
Other Non-Interest Income	57.24	54.06	57.24	55.96	45.33	45.66
Total Non-Interest Income	97.73	96.41	98.37	106.45	93.8	83.76
Non-Interest Income Growth (YoY)	1.39%	-1.99%	-7.60%	13.50%	11.98%	-4.34%
Revenues Before Loan Losses	477.28	482.08	410.59	385	362.07	353.62
Provision for Loan Losses	20.82	14.81	21.11	-1.38	56.72	14.53
Revenue	456.47	467.27	389.48	386.37	305.35	339.09
Revenue Growth (YoY)	1.76%	19.97%	0.80%	26.53%	-9.95%	3.62%
Salaries and Employee Benefits	143.69	139.07	122.33	116.41	116.06	109.54
Occupancy Expenses	19.65	19.22	18.04	16.59	17.65	18.92
Federal Deposit Insurance	6.18	6.26	2.87	2.53	2.7	1.22
Amortization of Goodwill & Intangibles	4.87	4.98	3.2	3.5	3.69	3.34
Selling, General & Administrative	47.55	47.75	43.13	40.6	37.4	37.43
Other Non-Interest Expense	38.88	38.75	35.2	31.61	29.27	32.56
Total Non-Interest Expense	260.82	256.04	224.76	211.23	206.77	203.02
EBT Excluding Unusual Items	195.64	211.23	164.72	175.14	98.58	136.07
Legal Settlements	-5.05	-4.64	-2.83	-2.32	-1.41	-1.69
Other Unusual Items	-	-	-	-	-0.87	-
Pretax Income	190.31	197.56	160.19	172.82	90.2	130.85
Income Tax Expense	38.76	40.49	32	34.56	16.76	25.52
Net Income	151.55	157.06	128.18	138.26	73.45	105.33
Net Income to Common	151.55	157.06	128.18	138.26	73.45	105.33
Net Income Growth	2.42%	22.53%	-7.29%	88.24%	-30.27%	-2.01%
Basic Shares Outstanding	102	102	94	96	97	98
Diluted Shares Outstanding	102	102	94	96	98	99
Shares Change (YoY)	2.65%	8.45%	-2.04%	-1.96%	-0.84%	-0.64%
EPS (Basic)	1.49	1.55	1.37	1.45	0.75	1.07
EPS (Diluted)	1.48	1.54	1.37	1.44	0.75	1.07
EPS Growth	-0.65%	12.47%	-4.91%	92.00%	-29.91%	-0.93%
Dividend Per Share	0.125	0.500	0.480	0.460	0.440	0.410
Dividend Growth	-74.75%	4.17%	4.35%	4.55%	7.32%	10.81%
Effective Tax Rate	20.36%	20.50%	19.98%	20.00%	18.58%	19.50%

Source: S&P Capital IQ. Banks template. Financial Sources.