First Commonwealth Financial Corporation Extends its Pennsylvania Presence with Acquisition of Centric Financial Corporation
First Commonwealth Financial Corporation (FCF)
Last first commonwealth financial corporation earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
fcbanking.com/why-us
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Source: GlobeNewswire
INDIANA, Pa. and HARRISBURG, Pa., Aug. 30, 2022 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (“First Commonwealth”) (NYSE: FCF) and Centric Financial Corporation (“Centric”) (OTCPink: CFCX) today jointly announced the signing of a definitive Agreement and Plan of Merger providing for the merger of Centric with and into First Commonwealth in an all-stock transaction valued at approximately $16.20 per share, or approximately $144 million in the aggregate, based upon the preceding 10-day volume weighted average closing stock price of First Commonwealth as of Monday, August 29, 2022. Following the merger of the parent holding companies, Centric’s subsidiary, Centric Bank, will merge with and into First Commonwealth’s subsidiary, First Commonwealth Bank. The business combination will produce a combined company with approximately $10.6 billion in total assets. Centric will contribute approximately $1.0 billion in total assets, $0.9 billion in total deposits, $0.9 billion
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FCF
News
- First Commonwealth Financial Co. (NYSE: FCF) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $17.00 price target on the stock.MarketBeat
- First Commonwealth to Host First Quarter 2024 Earnings Conference Call on Wednesday, April 24, 2024GlobeNewswire
- With 73% ownership of the shares, First Commonwealth Financial Corporation (NYSE:FCF) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Outlook on 5 Regional Banks Lowered by S&P on CRE Exposure [Yahoo! Finance]Yahoo! Finance
- S&P Global downgrades outlooks on five regional US banks to 'negative' [Yahoo! Finance]Yahoo! Finance
FCF
Earnings
- 1/30/24 - Beat
FCF
Sec Filings
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form 8-K
- 3/27/24 - Form 8-K
- FCF's page on the SEC website