分组1 - First Commonwealth Financial reported quarterly earnings of $0.32 per share, matching the Zacks Consensus Estimate, but down from $0.37 per share a year ago [1] - The company posted revenues of $118.02 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 0.42% and up from $116.29 million year-over-year [2] - The stock has underperformed, losing about 9.5% since the beginning of the year compared to the S&P 500's decline of 6% [3] 分组2 - The earnings outlook for First Commonwealth Financial is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $121.38 million, and for the current fiscal year, it is $1.39 on revenues of $495.59 million [7] - The Banks - Northeast industry, to which First Commonwealth Financial belongs, is currently in the top 21% of Zacks industries, suggesting a favorable industry outlook [8]

Exhibit 99.1 | (dollars in thousands, | | | | For the Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | except per share data) | | March 31, | | December 31, | | March 31, | | | | 2025 | | 2024 | | 2024 | | Reported Results | | | | | | | | Net income | $ | 32,696 | $ | 35,849 | $ | 37,549 | | Diluted earnings per share | $ | 0.32 | $ | 0.35 | $ | 0.37 | | Return on average assets | | 1.14 % | | 1.23 % | | 1.31 % | | Return on average equity | | 9.28 % | | 10.16 % | | 11.40 % | | (1) Ope ...

Financial Summary - First Commonwealth Financial Corporation reported a net income of $32.7 million for Q1 2025, a decrease of $3.2 million from Q4 2024 and a decrease of $4.9 million from Q1 2024 [3][10] - Diluted earnings per share were $0.32, down from $0.35 in Q4 2024 and $0.37 in Q1 2024 [3][10] - Core net income was $32.8 million, also reflecting a decline from previous quarters [2][3] Operating Results - Core pre-tax pre-provision net revenue (PPNR) was $46.9 million, down $4.5 million from the prior quarter and $4.0 million from the same quarter last year [3][11] - End of period loans increased by $99.0 million, or 4.4% annualized, primarily due to a $121.4 million increase in commercial loans [3][14] - Average loans rose by $34.8 million, or 1.6% annualized, from the previous quarter [3][14] Deposits and Capital - End of period deposits increased by $183.6 million, or 7.7% annualized, driven by a $214.8 million increase in savings deposits [3][14] - The Bank-level Total Capital Ratio stood at 13.6%, representing $342.0 million in excess capital above the regulatory requirement [8][25] - Tangible book value per share increased by $0.40, or 16.3% annualized, from the previous quarter [8][11] Asset Quality - Provision for credit losses was $5.7 million, down from $6.5 million in the previous quarter [15][16] - Nonperforming loans totaled $59.4 million, a decrease of $2.1 million from the previous quarter [16][40] - Net charge-offs were $3.1 million, significantly lower than $13.7 million in the prior quarter [15][17] Noninterest Income and Expense - Noninterest income for Q1 2025 was $22.5 million, down from $25.3 million in Q4 2024 [20][21] - Noninterest expense (excluding merger-related expenses) totaled $71.1 million, an increase of $2.1 million from the previous quarter [22][23] - The core efficiency ratio increased to 59.08%, compared to 56.07% in the previous quarter [23][24] Franchise Growth - The company received all necessary approvals for the acquisition of CenterGroup Financial, expected to close on April 30, 2025 [7][9]

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Core Points - First Commonwealth Financial Corporation will host a conference call on April 30, 2025, at 2:00 p.m. Eastern Time to discuss its financial results for the first quarter of 2025 [1] - The call will be led by T. Michael Price, along with other key executives including James R. Reske, Jane Grebenc, and Brian J. Sohocki [1] - A press release detailing the financial results will be issued before the market opens on April 29, 2025 [1] Conference Call Information - The conference call can be accessed via live and replay webcast at www.fcbanking.com/investorrelations [2] - Participants can join the call by phone using the U.S. toll-free number 1-888-330-3181 or the international toll number 1-646-960-0699, with a conference ID of 4651379 [2] - A replay of the call will be available approximately one hour after its conclusion, accessible by dialing the replay number and entering the access code [2] Question Submission - Participants can submit questions via email to investorrelations@fcbanking.com starting at 9:00 a.m. Eastern Time on April 30, 2025, until the end of the presentation [3] Earnings Release Access - The First Quarter 2025 earnings press release will be available on the company's investor relations webpage after its publication on April 29, 2025 [4] Company Overview - First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania, and operates 124 community banking offices across 30 counties in western and central Pennsylvania and Ohio [5] - The company offers a comprehensive range of financial services, including commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance products through its subsidiaries [5][6]

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INDIANA, Pa., March 18, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) ("First Commonwealth") today announced that it has received all regulatory approvals required to complete the previously announced merger of CenterGroup Financial, Inc. ("CGFI") with and into First Commonwealth and the merger of CenterBank with and into First Commonwealth Bank. The Federal Deposit Insurance Corporation has approved the merger of CenterBank with and into First Commonwealth Bank, and the Penns ...