First Commonwealth Financial Corporation (FCF) Financial Statements (2023 and Earlier)

Company Profile

Business Address 601 PHILADELPHIA STREET
INDIANA, PA 15701
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39735812410110711669
Cash and cash equivalents3953571229910711669
Short-term investments1222   
Disposal group, including discontinued operation      6
Total current assets:39735812410110711675
Noncurrent Assets
Operating lease, right-of-use asset4143 
Property, plant and equipment12112613780816863
Intangible assets, net (including goodwill)315317320287270198166
Goodwill303303303274255186165
Intangible assets, net (excluding goodwill)1113161315121
Total noncurrent assets:476485457368352266229
Other undisclosed assets8,6738,2257,7287,3606,8506,3026,262
TOTAL ASSETS:9,5459,0688,3097,8287,3096,6846,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1381172027297158681,511
Total current liabilities:1381172027297158681,511
Noncurrent Liabilities
Other undisclosed liabilities8,2977,8827,0516,1245,7055,0664,337
Total liabilities:8,4367,9997,2536,8536,4205,9345,847
Stockholders' equity
Stockholders' equity attributable to parent1,1091,0691,056975888750720
Common stock114114114114114106106
Treasury stock, value(183)(154)(135)(131)(127)(128)(128)
Additional paid in capital496495494492470366366
Accumulated other comprehensive income (loss)(9)176(11)(6)(7)(2)
Retained earnings691597577511437413378
Total stockholders' equity:1,1091,0691,056975888750720
TOTAL LIABILITIES AND EQUITY:9,5459,0688,3097,8287,3096,6846,567

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues324333345310295252236
Net investment income294301325292251218204
Financial services revenue453432
Cost of revenue (57)(15)(13)(5)(18)(15)
Provision for loan, lease, and other losses (57)(15)(13)
Financial services costs(5)(18)(15)
Gross profit:324276331298290233221
Operating expenses(42)(41)(47)(42)(149)(117)(116)
Other operating income, net
(Noninterest Income, Other Operating Income)
8877868
Operating income:290243291263149123113
Nonoperating income
(Bank Owned Life Insurance Income)
6767655
Interest and debt expense(15)(33)(55)(40)(22)(19)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes(108)(126)(111)(96)(30)(24)(32)
Income from continuing operations before income taxes:173901311331048571
Income tax expense(35)(17)(26)(25)(49)(26)(21)
Net income available to common stockholders, diluted:13873105107556050

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:13873105107556050
Other comprehensive income (loss)(26)1217(4)1(5)2
Comprehensive income, net of tax, attributable to parent:11285122104565552

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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