First Commonwealth Financial(US:FCF)2025-05-09 20:50Financial Highlights - Core pre-tax pre-provision income was $46.9 million[8] - Core PTPP ROAA was 1.63%[8] - Reserve coverage ratio was 1.32%[8] - Available liquidity reached $5.6 billion[8] - Excess capital stood at $342.0 million[8] - TCE ratio was 9.3%[8] Income Statement Analysis - Net interest income (FTE) increased to $95.9 million[11], a $0.5 million increase from the last quarter and $3.3 million year-over-year[11] - Net interest margin increased to 3.62%[11], up 8 basis points from the last quarter and 10 basis points year-over-year[11] - Fee income decreased by $2.5 million from the last quarter and $1.3 million year-over-year[28], representing 19.0% of total operating revenue[28] - Non-interest expense increased by $2.0 million from the last quarter and $5.7 million year-over-year[29] - Provision expense was $5.7 million[8], a decrease of $0.8 million from the previous quarter[8] Balance Sheet Trends - Total loans increased by $99.0 million from the previous quarter, or 4.4% annualized[8, 19] - Total deposits grew by $183.6 million from the previous quarter, or 7.7% annualized[8, 25] - Noninterest-bearing deposits comprise 23.1% of total deposits[25] Loan Portfolio - Average loans increased $34.8 million from the last quarter and $70.2 million year-over-year[18] - Equipment finance loans increased $58.5 million[19] - CRE loans increased $33.7 million[19] - C&I loans increased $25.8 million[19] - 1-4 Family loans decreased $24.7 million[19] Deposits - Average deposits increased $58.8 million, or 2.5% annualized from the last quarter[25] - Total period-end deposits increased $183.6 million, or 7.7% annualized from the last quarter[25] - 78% of deposits were insured or secured at March 31, 2025[50, 51] Credit Quality - Nonperforming loans decreased to $59.4 million[36], a $2.1 million decrease from the last quarter[36] - Net charge-offs decreased to $3.1 million[36], a $10.6 million decrease from the last quarter[36] - The allowance for credit losses as a percentage of end-of-period loans was 1.32%[36]