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First Commonwealth to Host Second Quarter 2025 Earnings Conference Call on Wednesday, July 30, 2025
Globenewswire· 2025-07-09 21:00
Core Points - First Commonwealth Financial Corporation will host a conference call on July 30, 2025, at 2:00 p.m. Eastern Time to discuss its financial results for the quarter ended June 30, 2025 [1] - The call will feature key executives including T. Michael Price (President and CEO), James R. Reske (CFO), Jane Grebenc (Chief Revenue Officer), and Brian J. Sohocki (Chief Credit Officer) [1] - A press release detailing the second quarter 2025 financial results will be issued after market close on July 29, 2025 [1] Conference Call Information - The conference call can be accessed via live and replay webcast at www.fcbanking.com/investorrelations or by phone at 1-888-330-3181 (U.S. toll free) or 1-646-960-0699 (international toll) [2] - The conference ID for the call is 4651379, and the webcast will be archived for at least 30 days [2] Question Submission - Participants can submit questions via email starting at 9:00 a.m. Eastern Time on July 30, 2025, until the conclusion of the presentation [3] Earnings Release Access - The earnings press release for the second quarter 2025 will be available on the investor relations webpage after its publication on July 29, 2025 [4] Company Overview - First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania, and operates 127 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]
First Commonwealth Announces First Quarter 2025 Earnings; Increases Quarterly Dividend
Globenewswire· 2025-04-29 11:00
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]