First Commonwealth Financial Corporation (FCF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3581241011071166975
Cash and cash equivalents357122991071166975
Short-term investments222    
Disposal group, including discontinued operation     63
Total current assets:3581241011071167577
Noncurrent Assets
Operating lease, right-of-use asset43 
Property, plant and equipment1261378081686365
Intangible assets, net (including goodwill)317320287270198166163
Goodwill303303274255186165161
Intangible assets, net (excluding goodwill)131613151212
Total noncurrent assets:485457368352266229228
Other undisclosed assets8,2257,7287,3606,8506,3026,2626,055
TOTAL ASSETS:9,0688,3097,8287,3096,6846,5676,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1172027297158681,5111,106
Total current liabilities:1172027297158681,5111,106
Noncurrent Liabilities
Other undisclosed liabilities7,8827,0516,1245,7055,0664,3374,538
Total liabilities:7,9997,2536,8536,4205,9345,8475,644
Stockholders' equity
Stockholders' equity attributable to parent1,0691,056975888750720716
Common stock114114114114106106106
Treasury stock, value(154)(135)(131)(127)(128)(128)(104)
Additional paid in capital495494492470366366366
Accumulated other comprehensive income (loss)176(11)(6)(7)(2)(4)
Retained earnings597577511437413378353
Total stockholders' equity:1,0691,056975888750720716
TOTAL LIABILITIES AND EQUITY:9,0688,3097,8287,3096,6846,5676,360

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues333345310295252236231
Net investment income301325292251218204202
Financial services revenue45343229
Cost of revenue(57)(15)(13)(5)(18)(15)(11)
Provision for loan, lease, and other losses(57)(15)(13)
Financial services costs(5)(18)(15)(11)
Gross profit:276331298290233221220
Operating expenses(41)(47)(42)(149)(117)(116)(112)
Other operating income, net
(Noninterest Income, Other Operating Income)
8778687
Operating income:243291263149123113115
Nonoperating income7676555
Bank owned life insurance income7676556
Interest and debt expense(33)(55)(40)(22)(19)(16)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes(126)(111)(96)(30)(24)(32)(40)
Income from continuing operations before income taxes:90131133104857162
Income tax expense(17)(26)(25)(49)(26)(21)(18)
Net income available to common stockholders, diluted:7310510755605044

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7310510755605044
Other comprehensive income (loss)1217(4)1(5)216
Comprehensive income, net of tax, attributable to parent:8512210456555261

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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