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Stock impact report

FCF Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

First Commonwealth Financial Corporation (FCF) 
Last first commonwealth financial corporation earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: fcbanking.com/why-us
President and Chief Executive Officer — Thomas Michael Price Chief Financial Officer — James R. Reske Chief Credit Officer — Brian J. Sohocki Chief Lending Officer — Michael P. McCuen Takeaways Net income -- $37.5 million, translating to $0.37 earnings per share with GAAP basis specified; this was below the consensus estimate of $0.40 per share. Net interest income -- $109.3 million, down $4.2 million sequentially, due to the sale of $210 million in Eastern Pennsylvania commercial loans and $74.2 million of heightened loan payoffs. Commercial loan repayments -- $630 million, representing a $150 million increase year over year, with $240 million attributed to payoffs from 18 refinanced or sold commercial real estate projects. Net interest margin (NIM) -- 3.92%, a decrease from 3.98% sequentially, in line with company guidance; management highlighted a 54 basis point higher yield on new fixed-rate loans. Deposit growth -- 6.3% end-to-end annualized for the quarter, dr Show less Read more
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