First Commonwealth Announces Second Quarter 2026 Earnings; Declares Quarterly Dividend and Announces Additional Share Repurchase Authorization

INDIANA, Pa., July 28, 2026 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the second quarter of 2026.

(dollars in thousands,For the Three Months EndedFor the Six Months Ended except per share data)June 30,March 31,June 30,June 30,June 30, 20262026202520262025 Reported Results Net income$ 44,589$ 37,548$ 33,402$ 82,137$ 66,098 Diluted earnings per share$ 0.44$ 0.37$ 0.32$ 0.81$ 0.64 Return on average assets1.47 %1.25 %1.11 %1.36 %1.12 % Return on average equity11.44 %9.75 %8.97 %10.60 %9.12 % Operating Results (non-GAAP) (()(1)) Core net income$ 44,427$ 37,459$ 39,496$ 81,886$ 72,276 Core diluted earnings per share$ 0.44$ 0.37$ 0.38$ 0.80$ 0.70 Core pre-tax pre-provision net revenue$ 64,999$ 57,854$ 58,677$ 122,853$ 105,556 Provision expense$ 8,931$ 10,733$ 8,898$ 19,664$ 18,393 Provision for credit losses - acquisition day 1 non-PCD$ —$ —$ 3,759$ —$ 3,759 Net charge-offs$ 11,441$ 8,161$ 2,758$ 19,602$ 5,856 Reserve build/(release) (()(2))$ (1,758)$ 3,415$ 13,035$ 1,657$ 14,060 Core return on average assets (ROAA)1.46 %1.24 %1.31 %1.35 %1.23 % Core pre-tax pre-provision ROAA2.14 %1.92 %1.95 %2.03 %1.79 % Return on average tangible common equity15.71 %13.47 %12.59 %14.60 %12.80 % Core return on average tangible common equity15.66 %13.44 %14.82 %14.56 %13.96 % Core efficiency ratio52.24 %55.43 %54.06 %53.80 %56.44 % Net interest margin (FTE)4.01 %3.92 %3.83 %3.97 %3.73 %