First Commonwealth Financial Corporation (NYSE: FCF) announced it will host a conference call and webcast on Wednesday, October 28, 2026, to discuss financial results for the quarter ended September 30, 2026. The event begins at 2:00 pm Eastern Time.

The earnings press release will be issued after market close on Tuesday, October 27, 2026. Participants can access the live presentation via the company's investor relations webpage or by phone.

Conference call details

The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer; Mike McCuen, Executive Vice President and Chief Banking Officer; and Brian J. Sohocki, Executive Vice President and Chief Credit Officer.

Question submission process

Participants may submit questions via email to investorrelations@fcbanking.com . The window for email questions opens at 9:00 am ET on October 28, 2026, and remains open until the conclusion of the presentation.

Company profile

Headquartered in Indiana, Pennsylvania, First Commonwealth operates 126 community banking offices across 30 counties in western and central Pennsylvania and Ohio. The company provides commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance services through its subsidiaries.

First Commonwealth Financial Corporation (NYSE: FCF) reported second quarter 2026 net income of $44.6 million, or $0.44 per diluted share, marking a 33.5% year-over-year increase from $33.4 million reported in the second quarter of 2025. The Indiana, Pennsylvania-based financial services company delivered strong profitability metrics amid a dynamic economic environment, with core net income reaching $44.4 million. The results underscored the bank’s ability to balance profitable loan growth with disciplined funding costs, supporting continued margin expansion and meaningful earnings growth for stakeholders.

The Board of Directors authorized an additional $75.0 million share repurchase program on July 28, 2026, complementing the $13.0 million remaining capacity under its previous authorization as of June 30, 2026. During the quarter, the company repurchased 645,695 shares at a weighted average price of $18.66. First Commonwealth also declared a quarterly dividend of $0.14 per share, payable on August 21, 2026, to shareholders of record on August 7, 2026.

Financial Performance

Net interest income on a fully taxable equivalent basis (FTE) rose to $112.8 million, up $3.5 million from the first quarter and $6.2 million from the prior year period. This growth was primarily driven by a nine basis point expansion in the net interest margin to 4.01%, which more than offset a $28.1 million decrease in average interest-earning assets. The margin improvement stemmed from a five basis point decrease in the cost of deposits and an improved deposit mix, alongside a four basis point increase in loan yields and a 15 basis point rise in security yields.

Noninterest income, excluding securities gains, totaled $26.7 million, increasing $2.3 million from the previous quarter. Key contributors included a $0.8 million gain on the early redemption of subordinated debt and higher interchange income. Noninterest expense, excluding merger-related costs, decreased by $1.3 million to $74.1 million, aided by lower occupancy costs due to reduced snow removal expenses and a rebate on furniture and equipment.

Asset Quality and Capital

Asset quality remained stable with total nonperforming loans decreasing by $10.7 million to $81.6 million, primarily due to the resolution of six commercial credits. Net charge-offs increased to $11.4 million, or 0.49% of average loans annualized, compared to $8.2 million in the prior quarter. The allowance for credit losses stood at 1.35% of period-end loans, a two basis point decline from the previous quarter.

The bank maintained a robust capital position, with the Total Capital Ratio at 14.0%, representing $393.8 million in excess capital above the regulatory "well capitalized" requirement of 10.0%. Tangible book value per share increased by $0.24, or 8.5% annualized, from the previous quarter.

What the Numbers Show

A notable divergence exists between the growth in net charge-offs and the reduction in provision expense. While net charge-offs rose significantly to $11.4 million from $8.2 million in the prior quarter, largely due to specific commercial credit resolutions, the provision for credit losses decreased by $1.8 million to $8.9 million. This suggests that management views the recent charge-offs as discrete events rather than indicative of broader portfolio deterioration, allowing them to reduce reserve builds despite the higher realized losses.