First Commonwealth Financial
NYSE: FCF · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
First Commonwealth Financial (FCF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $377.32M | $379.96M | $383.44M | $348.79M | $317.59M | $289.21M | $284.51M | $266.52M | $263.04M | $265.40M | $282.21M | $330.88M | $380.89M | $410.75M | $395.69M | $400.60M | $428.66M | $626.61M | $699.69M | $729.44M |
| Revenue growth (YoY) | — | +0.7% | +0.9% | -9.0% | -8.9% | -8.9% | -1.6% | -6.3% | -1.3% | +0.9% | +6.3% | +17.2% | +15.1% | +7.8% | -3.7% | +1.2% | +7.0% | +46.2% | +11.7% | +4.3% |
| Cost of revenue | $177.65M | $179.75M | $162.09M | $187.34M | $123.15M | $97.49M | $50.69M | $40.93M | $29.70M | $30.54M | $37.06M | $26.86M | $52.57M | $69.94M | $89.66M | $13.92M | $38.84M | $159.13M | $250.74M | $236.32M |
| Gross profit | $199.67M | $200.21M | $221.34M | $161.45M | $194.44M | $191.72M | $233.82M | $225.59M | $233.34M | $234.85M | $245.83M | $304.02M | $328.33M | $340.81M | $306.03M | $386.67M | $389.82M | $467.47M | $448.95M | $493.12M |
| Gross margin | 52.9% | 52.7% | 57.7% | 46.3% | 61.2% | 66.3% | 82.2% | 84.6% | 88.7% | 88.5% | 87.1% | 91.9% | 86.2% | 83.0% | 77.3% | 96.5% | 90.9% | 74.6% | 64.2% | 67.6% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $72.99M | $76.13M | $93.71M | $106.53M | $104.06M | $103.77M | $105.11M | $100.22M | $100.16M | $102.27M | $100.71M | $117.92M | $117.59M | $124.15M | $125.08M | $122.03M | $128.90M | $149.13M | $155.26M | $88.16M |
| Operating income | $61.98M | $52.20M | $49.72M | $-45.88M | $23.22M | $14.89M | $56.61M | $56.76M | $62.13M | $70.98M | $85.23M | $103.73M | $132.77M | $130.85M | $90.20M | $172.82M | $160.19M | $197.56M | $178.21M | $198.36M |
| Operating margin | 16.4% | 13.7% | 13.0% | -13.2% | 7.3% | 5.1% | 19.9% | 21.3% | 23.6% | 26.7% | 30.2% | 31.3% | 34.9% | 31.9% | 22.8% | 43.1% | 37.4% | 31.5% | 25.5% | 27.2% |
| EBITDA | $70.57M | $57.40M | $60.12M | $-36.08M | $33.92M | $23.92M | $64.52M | $68.23M | $75.96M | $78.78M | $92.34M | $112.72M | $140.82M | $141.22M | $101.86M | $184.26M | $170.74M | $201.66M | $184.01M | $204.68M |
| EBITDA margin | 18.7% | 15.1% | 15.7% | -10.3% | 10.7% | 8.3% | 22.7% | 25.6% | 28.9% | 29.7% | 32.7% | 34.1% | 37.0% | 34.4% | 25.7% | 46.0% | 39.8% | 32.2% | 26.3% | 28.1% |
| EBIT | $61.98M | $52.20M | $49.72M | $-45.88M | $23.22M | $14.89M | $56.61M | $57.14M | $62.24M | $71.14M | $85.23M | $103.73M | $132.77M | $130.85M | $90.20M | $172.82M | $160.19M | $197.56M | $178.32M | $198.36M |
| Interest expense | $166.11M | $169.71M | $139.00M | $86.77M | $61.60M | $41.68M | $30.15M | $21.71M | $18.50M | $15.60M | $18.58M | $21.77M | $40.03M | $55.40M | $32.94M | $15.30M | $17.73M | $144.32M | $221.57M | $206.60M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $52.95M | $46.25M | $43.09M | $-20.06M | $22.98M | $15.27M | $41.95M | $41.48M | $44.45M | $50.14M | $59.59M | $55.16M | $107.50M | $105.33M | $73.45M | $138.26M | $128.18M | $157.06M | $142.57M | $152.30M |
| Net income growth (YoY) | — | -12.7% | -6.8% | -146.6% | +214.5% | -33.5% | +174.7% | -1.1% | +7.2% | +12.8% | +18.8% | -7.4% | +94.9% | -2.0% | -30.3% | +88.2% | -7.3% | +22.5% | -9.2% | +6.8% |
| Profit margin | 14.0% | 12.2% | 11.2% | -5.8% | 7.2% | 5.3% | 14.7% | 15.6% | 16.9% | 18.9% | 21.1% | 16.7% | 28.2% | 25.6% | 18.6% | 34.5% | 29.9% | 25.1% | 20.4% | 20.9% |
Frequently asked questions
What is First Commonwealth Financial's revenue?
First Commonwealth Financial's trailing twelve-month revenue is $495.72M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FCF?
In its most recent fiscal year, FCF ran a gross margin of 67.60%, an operating margin of 27.19%, and a net margin of 20.88%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FCF generate?
FCF produced $171.36M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is FCF's balance sheet healthy?
FCF holds $103.28M in cash and equivalents against $261.74M in long-term debt, on $1.55B of shareholder equity. That debt is best read against the cash flow the business throws off each year.