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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

FIRST COMMONWEALTH FINANCIAL CORP (FCF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans   267.6275.2291.9257.3218.5185.3172.8
        Interest income on investments   25.325.131.432.930.229.427.8
       330.0293.8301.2325.3292.3250.6217.6204.1
    Interest expense:  
        Interest on deposits   5.722.036.721.79.47.57.5
       17.715.132.755.139.721.518.615.6
Net interest income  312.2308.9333.9380.4332.0272.1236.2219.7
Provision for loan losses  21.1-1.456.714.512.55.118.514.9
Net interest income after provision for loan losses  291.1310.3277.2365.9319.5267.0217.7204.7
        Deposit and loan fees  19.618.016.418.918.218.615.915.3
        Gain on sale of investments, net         -0.2
        Other non-interest income  79.188.878.166.670.561.848.746.2
Total non-interest income  98.7106.894.585.588.680.364.661.3
Non-interest expenses  229.6213.9215.8210.0195.6200.3159.9163.9
Pre-tax income before non-recurring items  160.2173.190.9136.1135.5115.889.673.2
Non-recurring items     5.32.712.04.32.2
Asset impairment   0.30.7     
Pre-tax income  160.2172.890.2130.8132.8103.785.271.0
Income taxes  32.034.616.825.525.348.625.620.8
            Tax rate  20.0%20.0%18.6%19.5%19.0%46.8%30.1%29.4%
Earnings from continuing ops  128.2138.373.4105.3107.555.259.650.1
Earnings from discontinued ops   138.3      
Net income  128.2138.373.4105.3107.555.259.650.1
            Net margin  32.9%33.2%19.8%23.3%26.3%15.9%21.1%18.8%
   
Basic EPS  $1.37$1.45$0.75$1.07$1.09$0.58$0.67$0.56
Diluted EPS  $1.37$1.44$0.75$1.07$1.08$0.58$0.67$0.56
   
Shares outstanding (basic)  93.995.697.598.399.095.288.989.4
Shares outstanding (diluted)  93.995.897.898.699.295.388.989.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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