Core Insights - First Commonwealth Financial Corporation has appointed Joseph V. DiVito Jr. to its Board of Directors, effective immediately, bringing extensive experience in information technology, cybersecurity, regulatory compliance, data privacy, and governance [2][3] Company Overview - First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania, and operates 127 branches across Pennsylvania and Ohio, providing a full range of commercial and retail banking services [4] Board Appointment Details - Joseph V. DiVito Jr., age 58, retired as a Principal of Pricewaterhouse Coopers LLP in June 2025 after a 35-year career, and holds multiple degrees and certifications in business administration, law, and information privacy [3] - DiVito's expertise spans various industries, including retail, manufacturing, hospitality, technology, pharmaceuticals, utilities, insurance, and banking [3] Strategic Importance - The appointment of DiVito is expected to enhance the company's governance and risk management capabilities as it navigates a complex financial and digital landscape [3]

Financial Performance & Growth - Synovus' diluted Earnings Per Share (EPS) increased from $189 in 2016 to $399 in Q1 2019, representing a 26% Compound Annual Growth Rate (CAGR)[39] - Adjusted Return on Average Tangible Common Equity (ROATCE) increased by 860 basis points from 852% in 2016 to 1752% in Q1 2019[39] - Synovus is targeting a sustained 10+% CAGR in EPS growth, with a Return on Assets (ROA) of approximately 145%, an adjusted tangible efficiency ratio of approximately 50%, and a Return on Tangible Common Equity (ROTCE) of approximately 170%[47, 48] - The company reported adjusted diluted EPS of $098 in Q1 2019, a 151% increase year-over-year[50] Merger & Acquisition - The merger with Florida Community Bank (FCB) significantly strengthens Synovus' Florida footprint, making it >1/3 of the pro forma franchise[34] - Synovus expects to surpass $30 million in FCB-related cost savings in 2019 and complete the full conversion in Q2 2019[63] - The FCB merger is projected to result in a ~17% Internal Rate of Return (IRR) and a ~17% ROATCE[124] Balance Sheet & Credit Quality - As of Q1 2019, Synovus had total assets of $47 billion and loans of $36 billion[22] - The company's loan growth in Q1 2019, including FCB, annualized to 46%, compared to a standalone Synovus loan growth of 16% in Q1 2018[128] - The Net Charge-Off (NCO) ratio was 019% in Q1 2019[55] 2019 Outlook - Synovus anticipates loan growth of 55% to 75% and revenue growth of 55% to 75% for 2019[60] - The company projects adjusted non-interest expense growth of 2% to 4% in 2019, excluding amortization of intangibles of approximately $14 million[60]