First Commonwealth Financial Corporation (FCF)

FCF Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	600.46	490.71	302.21	267.6	275.19
Interest Income on Investments	-	39.29	27.75	26.24	26.02
Total Interest Income	600.46	530	329.95	293.84	301.21
Interest Paid on Deposits	221.57	112.41	6.71	5.75	21.97
Interest Paid on Borrowings	-	31.92	11.02	9.55	10.97
Total Interest Expense	221.57	144.32	17.73	15.3	32.94
Net Interest Income	378.89	385.68	312.22	278.54	268.27
Net Interest Income Growth (YoY)	-1.76%	23.53%	12.09%	3.83%	-0.59%
Trust Income	11.82	10.52	10.52	11.11	9.1
Gain (Loss) on Sale of Assets	-0.45	-0.2	-0.34	-0.3	-0.68
Gain (Loss) on Sale of Investments	-5.45	-0.1	0	0.02	0.07
Other Non-Interest Income	55.43	54.06	57.24	55.96	45.33
Total Non-Interest Income	98.78	96.41	98.37	106.45	93.8
Non-Interest Income Growth (YoY)	2.46%	-1.99%	-7.60%	13.50%	11.98%
Revenues Before Loan Losses	477.67	482.08	410.59	385	362.07
Provision for Loan Losses	29.17	14.81	21.11	-1.38	56.72
Revenue	448.5	467.27	389.48	386.37	305.35
Revenue Growth (YoY)	-4.02%	19.97%	0.80%	26.53%	-9.95%
Salaries and Employee Benefits	149.29	139.07	122.33	116.41	116.06
Occupancy Expenses	19.78	19.22	18.04	16.59	17.65
Federal Deposit Insurance	5.97	6.26	2.87	2.53	2.7
Amortization of Goodwill & Intangibles	5.02	4.98	3.2	3.5	3.69
Selling, General & Administrative	44.1	47.75	43.13	40.6	37.4
Other Non-Interest Expense	40.77	38.75	35.2	31.61	29.27
Total Non-Interest Expense	264.94	256.04	224.76	211.23	206.77
EBT Excluding Unusual Items	183.56	211.23	164.72	175.14	98.58
Legal Settlements	-4.59	-4.64	-2.83	-2.32	-1.41
Other Unusual Items	-0.37	-	-	-	-0.87
Pretax Income	178.21	197.56	160.19	172.82	90.2
Income Tax Expense	35.64	40.49	32	34.56	16.76
Net Income	142.57	157.06	128.18	138.26	73.45
Net Income to Common	142.57	157.06	128.18	138.26	73.45
Net Income Growth	-9.23%	22.53%	-7.29%	88.24%	-30.27%
Basic Shares Outstanding	102	102	94	96	97
Diluted Shares Outstanding	102	102	94	96	98
Shares Change (YoY)	0.38%	8.45%	-2.04%	-1.96%	-0.84%
EPS (Basic)	1.39	1.55	1.37	1.45	0.75
EPS (Diluted)	1.39	1.54	1.37	1.44	0.75
EPS Growth	-9.74%	12.47%	-4.91%	92.00%	-29.91%
Dividend Per Share	0.520	0.500	0.480	0.460	0.440
Dividend Growth	4.00%	4.17%	4.35%	4.55%	7.32%
Effective Tax Rate	20.00%	20.50%	19.98%	20.00%	18.58%

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