First Commonwealth Bank

First Commonwealth Announces Fourth Quarter and Full Year 2023 Earnings; Declares Quarterly Dividend

Retrieved on: 
Tuesday, January 30, 2024

Total average deposits increased $37.3 million, or 1.6% annualized in the fourth quarter of 2023 as compared to the previous quarter.

Key Points: 
  • Total average deposits increased $37.3 million, or 1.6% annualized in the fourth quarter of 2023 as compared to the previous quarter.
  • Provision for credit losses totaled ($1.9) million in the fourth quarter of 2023 as compared to $5.9 million in the previous quarter.
  • Noninterest expense (excluding merger related expenses) totaled $65.0 million for the fourth quarter of 2023, as compared to $67.0 million for the third quarter of 2023 and $57.1 million for the fourth quarter of 2022.
  • The core efficiency ratio was 53.00% during the fourth quarter of 2023 as compared to 53.42% in the previous quarter and 50.00% in the fourth quarter of 2022.

First Commonwealth to Host Third Quarter 2023 Earnings Conference Call on Wednesday, October 25, 2023

Retrieved on: 
Thursday, October 5, 2023

To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Third Quarter 2023 Earnings Conference Call" link and follow the instructions.

Key Points: 
  • To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Third Quarter 2023 Earnings Conference Call" link and follow the instructions.
  • After the live presentation, the webcast will be archived on this website for at least 30 days.
  • Questions submitted via e-mail will be accepted beginning at 9:00 a.m. Eastern Time on Wednesday, October 25, 2023, until the conclusion of the presentation.
  • The First Commonwealth Financial Corporation Third Quarter 2023 earnings press release can be accessed after it is published on Tuesday, October 24, 2023 at www.fcbanking.com/investorrelations .

First Commonwealth to Host Second Quarter 2023 Earnings Conference Call on Wednesday, July 26, 2023

Retrieved on: 
Friday, July 7, 2023

To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Second Quarter 2023 Earnings Conference Call" link and follow the instructions.

Key Points: 
  • To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Second Quarter 2023 Earnings Conference Call" link and follow the instructions.
  • After the live presentation, the webcast will be archived on this website for at least 30 days.
  • Questions submitted via e-mail will be accepted beginning at 9:00 a.m. Eastern Time on Wednesday, July 26, 2023, until the conclusion of the presentation.
  • The First Commonwealth Financial Corporation Second Quarter 2023 earnings press release can be accessed after it is published on Tuesday, July 25, 2023 at www.fcbanking.com/investorrelations .

Indianapolis-based Onyx+East Expands Into Ohio, Breaking Ground On Build-to-Rent Community in Lewis Center

Retrieved on: 
Wednesday, June 7, 2023

COLUMBUS, Ohio, June 7, 2023 /PRNewswire-PRWeb/ -- Onyx+East, a midwestern based lifestyle and location focused homebuilder, announced today it has broken ground on Greenery, a build-to-rent community of 121 single-family homes in Lewis Center, a suburb of Columbus, Ohio.

Key Points: 
  • Onyx+East, a midwestern based lifestyle and location focused homebuilder, announced today it has broken ground on Greenery, a build-to-rent community of 121 single-family homes in Lewis Center, a suburb of Columbus, Ohio.
  • COLUMBUS, Ohio, June 7, 2023 /PRNewswire-PRWeb/ -- Onyx+East, a midwestern based lifestyle and location focused homebuilder, announced today it has broken ground on Greenery, a build-to-rent community of 121 single-family homes in Lewis Center, a suburb of Columbus, Ohio.
  • The subdivision will provide three- and four-bedroom homes with multiple floor plan options, ranging from 1,572 to 2,914 square feet.
  • The community has been thoughtfully designed to preserve over 50 percent of the property as open space, accessible by new trails and paths.

First Commonwealth Announces First Quarter 2023 Earnings; Increases Quarterly Dividend

Retrieved on: 
Tuesday, April 25, 2023

Total average deposits (excluding acquired deposits) grew $271.5 million in the first quarter of 2023 as compared to the previous quarter.

Key Points: 
  • Total average deposits (excluding acquired deposits) grew $271.5 million in the first quarter of 2023 as compared to the previous quarter.
  • The core efficiency ratio was 52.41% during the first quarter of 2023 as compared to 50.00% in the previous quarter and 59.47% in the first quarter of 2022.
  • First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.125 per share, which represents a 4.2% increase from the previous quarter.
  • First Commonwealth will host a quarterly conference call to discuss its financial results for the first quarter of 2023 on Wednesday, April 26, 2023 at 2:00 PM (ET).

First Commonwealth to Host First Quarter 2023 Earnings Conference Call on Wednesday, April 26, 2023

Retrieved on: 
Friday, April 7, 2023

To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "First Quarter 2023 Earnings Conference Call" link and follow the instructions.

Key Points: 
  • To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "First Quarter 2023 Earnings Conference Call" link and follow the instructions.
  • After the live presentation, the webcast will be archived on this website for at least 30 days.
  • Questions submitted via e-mail will be accepted beginning at 9:00 a.m. Eastern Time on Wednesday, April 26, 2023, until the conclusion of the presentation.
  • The First Commonwealth Financial Corporation First Quarter 2023 earnings press release can be accessed after it is published on Tuesday, April 25, 2023 at www.fcbanking.com/investorrelations .

First Commonwealth Completes Acquisition of Centric Financial Corporation

Retrieved on: 
Wednesday, February 1, 2023

INDIANA, Pa., Feb. 01, 2023 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has completed its previously-announced acquisition of Centric Financial Corporation (OTCPink: CFCX) (“Centric”), the parent company of Harrisburg, Pennsylvania based Centric Bank, effective February 1, 2023.

Key Points: 
  • INDIANA, Pa., Feb. 01, 2023 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has completed its previously-announced acquisition of Centric Financial Corporation (OTCPink: CFCX) (“Centric”), the parent company of Harrisburg, Pennsylvania based Centric Bank, effective February 1, 2023.
  • “We are pleased to announce the completion of the merger with Centric and are excited to build upon the terrific relationships that Centric has developed over the years,” said President and Chief Executive Officer T. Michael Price.
  • “This combination expands our presence into the attractive Pennsylvania markets in and around Harrisburg, Lancaster, Devon and Doylestown.
  • Centric is well-respected within these communities with proven leadership.

First Commonwealth Announces Record Fourth Quarter and Full Year 2022 Revenue; Declares Quarterly Dividend

Retrieved on: 
Tuesday, January 24, 2023

Total average deposits decreased $75.2 million in the fourth quarter of 2022 as compared to the previous quarter.

Key Points: 
  • Total average deposits decreased $75.2 million in the fourth quarter of 2022 as compared to the previous quarter.
  • Provision expense in the fourth quarter of 2022 totaled $9.1 million as compared to $5.9 million in the previous quarter.
  • Noninterest income totaled $24.3 million for the fourth quarter of 2022, as compared to $25.9 million for the third quarter of 2022 and $26.1 million for the fourth quarter of 2021.
  • The core efficiency ratio was 50.00% during the fourth quarter of 2022 as compared to 54.06% in the previous quarter and 57.06% in the fourth quarter of 2021.

First Commonwealth to Host Fourth Quarter and Full-Year 2022 Earnings Conference Call on Wednesday, January 25, 2023

Retrieved on: 
Friday, January 6, 2023

To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Fourth Quarter 2022 Earnings Conference Call" link and follow the instructions.

Key Points: 
  • To listen to the conference call, either dial the phone number above or go to First Commonwealth's Investor Relations webpage at www.fcbanking.com/investorrelations , click on the "Fourth Quarter 2022 Earnings Conference Call" link and follow the instructions.
  • After the live presentation, the webcast will be archived on this website for at least 30 days.
  • Questions submitted via e-mail will be accepted beginning at 9:00 a.m. Eastern Time on Wednesday, January 25, 2023, until the conclusion of the presentation.
  • The First Commonwealth Financial Corporation Fourth Quarter 2022 earnings press release can be accessed after it is published on Tuesday, January 24, 2023 at www.fcbanking.com/investorrelations .

First Commonwealth Financial Corporation Receives Regulatory Approval for Centric Financial Corporation Merger

Retrieved on: 
Friday, November 18, 2022

INDIANA, Pa., Nov. 18, 2022 (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 Centric Financial Corporation (Centric) with and into First Commonwealth and the merger of Centric Bank with and into First Commonwealth Bank.

Key Points: 
  • INDIANA, Pa., Nov. 18, 2022 (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 Centric Financial Corporation (Centric) with and into First Commonwealth and the merger of Centric Bank with and into First Commonwealth Bank.
  • The Federal Deposit Insurance Corporation has approved the merger of Centric Bank with and into First Commonwealth Bank, and the Pennsylvania Department of Banking and Securities has approved the merger of Centric with and into First Commonwealth and the merger of the subsidiary banks.
  • First Commonwealth and Centric have filed a proxy statement/prospectus and other relevant documents with the SEC in connection with the merger.
  • First Commonwealth Financial Corporation and Centric Financial Corporation undertake no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.