First Commonwealth Financial Corporation (FCF) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments124101107116697577
Cash and cash equivalents12299107116697577
Short-term investments22     
Disposal group, including discontinued operation    63 
Total current assets:124101107116757777
Noncurrent Assets
Property, plant and equipment137808168636568
Intangible assets, net (including goodwill)320287270198166163161
Goodwill303274255186165161160
Intangible assets, net (excluding goodwill)16131512121
Total noncurrent assets:457368352266229228229
Other undisclosed assets7,7287,3606,8506,3026,2626,0555,908
TOTAL ASSETS:8,3097,8287,3096,6846,5676,3606,215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2027297158681,5111,106627
Total current liabilities:2027297158681,5111,106627
Noncurrent Liabilities
Other undisclosed liabilities7,0516,1245,7055,0664,3374,5384,877
Total liabilities:7,2536,8536,4205,9345,8475,6445,503
Stockholders' equity
Stockholders' equity attributable to parent1,056975888750720716712
Common stock114114114106106106106
Treasury stock, value(135)(131)(127)(128)(128)(104)(73)
Additional paid in capital494492470366366366365
Accumulated other comprehensive income (loss)6(11)(6)(7)(2)(4)(21)
Retained earnings577511437413378353335
Total stockholders' equity:1,056975888750720716712
TOTAL LIABILITIES AND EQUITY:8,3097,8287,3096,6846,5676,3606,215

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues345310295252236231 
Net investment income325292251218204202 
Financial services revenue45343229 
Cost of revenue(15)(13)(5)(18)(15)(11)(19)
Provision for loan, lease, and other losses(15)(13)
Financial services costs(5)(18)(15)(11)(19)
Gross profit:331298290233221220(19)
Operating expenses(47)(42)(149)(117)(116)(112)(89)
Other operating income, net
(Noninterest Income, Other Operating Income)
77868711
Operating income (loss):291263149123113115(98)
Nonoperating income6765556
Bank owned life insurance income6765566
Interest and debt expense(55)(40)(22)(19)(16)(19)(23)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(111)(96)(30)(24)(32)(40)172
Income from continuing operations before income taxes:13113310485716257
Income tax expense(26)(25)(49)(26)(21)(18)(15)
Net income available to common stockholders, diluted:1051075560504441

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1051075560504441
Other comprehensive income (loss)17(4)1(5)216(22)
Comprehensive income, net of tax, attributable to parent:1221045655526120

Statements sources

The financial statements are based on the company's filings with the 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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