First Commonwealth Financial Corporation (FCF) Balance Sheet
FCF balance sheet, 2025
December 31, 2025 · U.S. dollars$12.37B assets = $10.81B liabilities + $1.55B equity
Both columns are drawn to the same scale: what FCF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FCF financial health
Descriptive bands, not a rating. Fiscal 2025.
FCF balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.68B2016 | $12.37B2025 | +7.1%/yr | |
| Total liabilities | $5.93B2016 | $10.81B2025 | +6.9%/yr | |
| Shareholders’ equity | $749.9M2016 | $1.55B2025 | +8.4%/yr | |
| Cash & short-term investments | $894.3M2016 | $103.3M2025 | −21.3%/yr | |
| Total debt | $948.9M2016 | $452.3M2025 | −7.9%/yr | |
| Net cash (debt) | −$54.6M2016 | −$349.1M2025 | −$294.5M | |
| Working capital | −$4.92B2016 | −$177.9M2025 | +$4.7B | |
| Book value per share | $8.432016 | $15.002025 | +6.6%/yr | |
| Debt / equity | 1.272016 | 0.292025 | −0.97 | |
| Shares outstanding | 89.0M2016 | 103.6M2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FCF assets
FCF liabilities and equity
FCF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FCF balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $103.3M | $1.28B | $1.17B | $916.9M | $1.44B | $1.19B | $1.02B | $1.01B | $838.6M | $894.3M |
| Cash & equivalents | $103.3M | $133.4M | $147.0M | $154.2M | $395.4M | $356.6M | $121.9M | $98.9M | $107.3M | $115.7M |
| Short-term investments | $1.05B | $1.15B | $1.02B | $762.7M | $1.04B | $831.2M | $902.3M | $909.2M | $731.4M | $778.6M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $534,000 | $1.0M | $1.8M | $2.2M | $3.9M | $2.8M | $6.8M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $103.3M | $1.28B | $1.17B | $916.9M | $1.44B | $1.19B | $1.02B | $1.01B | $838.6M | $894.3M |
| Property, plant & equipment (net) | $114.3M | $116.1M | $121.0M | $115.1M | $120.8M | $125.5M | $137.3M | $80.5M | $81.3M | $67.5M |
| Goodwill & intangible assets | $400.2M | $383.4M | $386.5M | $312.5M | $314.5M | $316.8M | $319.7M | $287.2M | $270.4M | $198.5M |
| Long-term investments | $1.57B | $1.58B | $1.49B | $1.25B | $1.60B | $7.07B | $6.51B | $6.16B | $5.37B | $4.84B |
| Other non-current assets | $10.18B | $8.22B | $8.29B | $7.21B | $6.08B | $370.6M | $320.3M | $288.1M | $744.3M | $687.5M |
| Total assets | $12.37B | $11.58B | $11.46B | $9.81B | $9.55B | $9.07B | $8.31B | $7.83B | $7.31B | $6.68B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $8.01B | $7.98B | $7.44B | $6.68B | $5.90B | $5.58B | $4.95B |
| Short-term debt | $281.1M | $80.1M | $597.8M | $372.7M | $138.3M | $117.4M | $201.9M | $721.8M | $707.5M | $867.9M |
| Total current liabilities | $281.1M | $9.76B | $9.79B | $8.38B | $8.12B | $7.56B | $6.88B | $6.62B | $6.29B | $5.82B |
| Long-term debt | $261.7M | $128.3M | $177.7M | $181.2M | $182.3M | $233.3M | $234.2M | $185.1M | $87.9M | $80.9M |
| Lease obligations | $3.7M | $4.3M | $4.9M | $5.4M | $5.9M | $6.4M | $6.8M | $7.2M | $7.6M | — |
| Other long-term liabilities | $10.27B | $293.3M | $177.3M | $194.2M | $132.6M | $210.2M | $139.5M | $48.0M | $44.3M | $37.8M |
| Total liabilities | $10.81B | $10.18B | $10.15B | $8.75B | $8.44B | $8.00B | $7.25B | $6.85B | $6.42B | $5.93B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $126.6M | $123.6M | $123.6M | $113.9M | $113.9M | $113.9M | $113.9M | $113.9M | $113.9M | $105.6M |
| Retained earnings (deficit) | $1.07B | $971.1M | $881.1M | $774.9M | $691.3M | $596.6M | $577.3M | $511.4M | $437.4M | $412.8M |
| Treasury stock | — | — | — | — | −$183.2M | −$153.8M | −$134.9M | −$130.9M | −$127.2M | −$127.8M |
| Accumulated other comprehensive income | −$64.6M | −$102.5M | −$111.8M | −$137.7M | −$8.8M | $17.2M | $5.6M | −$11.3M | −$6.2M | −$7.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.55B | $1.41B | $1.31B | $1.05B | $1.11B | $1.07B | $1.06B | $975.4M | $888.1M | $749.9M |
| Key figures | ||||||||||
| Total debt | $452.3M | $343.1M | $784.6M | $553.9M | $320.6M | $350.6M | $436.0M | $906.9M | $795.4M | $948.9M |
| Net cash (debt) | −$349.1M | $937.9M | $383.4M | $363.0M | $1.12B | $837.2M | $588.1M | $101.3M | $43.3M | −$54.6M |
| Working capital | −$177.9M | −$8.48B | −$8.62B | −$7.46B | −$6.68B | −$6.37B | −$5.86B | −$5.61B | −$5.45B | −$4.92B |
| Tangible book value | $1.15B | $1.02B | $927.7M | $739.5M | $794.9M | $751.8M | $736.0M | $688.1M | $617.8M | $551.4M |
| Book value per share | $15.00 | $13.75 | $12.91 | $11.21 | $11.58 | $10.93 | $10.71 | $9.80 | $9.11 | $8.43 |
| Shares outstanding | 103.6M | 102.2M | 101.8M | 93.9M | 95.8M | 97.8M | 98.6M | 99.5M | 97.5M | 89.0M |
| Current ratio | 0.37 | 0.13 | 0.12 | 0.11 | 0.18 | 0.16 | 0.15 | 0.15 | 0.13 | 0.15 |
| Quick ratio | 0.37 | 0.13 | 0.12 | 0.11 | 0.18 | 0.16 | 0.15 | 0.15 | 0.13 | 0.15 |
| Debt / equity | 0.29 | 0.24 | 0.60 | 0.53 | 0.29 | 0.33 | 0.41 | 0.93 | 0.90 | 1.27 |
| Equity / assets | 12.6% | 12.1% | 11.5% | 10.7% | 11.6% | 11.8% | 12.7% | 12.5% | 12.2% | 11.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.78B | $118.1M | $103.3M | $1.16B | $1.21B | $1.23B | $1.28B | $1.72B | $1.26B | $1.33B | $1.17B | $1.15B |
| Cash & equivalents | $110.3M | $118.1M | $103.3M | $161.4M | $160.2M | $141.4M | $133.4M | $582.3M | $188.3M | $310.4M | $147.0M | $337.1M |
| Short-term investments | $1.67B | $1.07B | $1.05B | $1.00B | $1.05B | $1.09B | $1.15B | $1.14B | $1.07B | $1.02B | $1.02B | $817.6M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $765,000 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1.78B | $118.1M | $103.3M | $1.16B | $1.21B | $1.23B | $1.28B | $1.72B | $1.26B | $1.33B | $1.17B | $1.15B |
| Property, plant & equipment (net) | $113.0M | $113.8M | $114.3M | $116.5M | $117.2M | $114.5M | $116.1M | $116.8M | $119.0M | $118.7M | $121.0M | $123.1M |
| Goodwill & intangible assets | $398.3M | $399.2M | $400.2M | $400.9M | $402.6M | $382.5M | $383.4M | $384.2M | $384.9M | $385.7M | $386.5M | $387.3M |
| Long-term investments | $1.70B | $1.65B | $1.57B | $1.58B | $1.65B | $1.71B | $1.58B | $1.60B | $1.55B | $1.51B | $1.49B | $1.30B |
| Other non-current assets | $8.22B | $9.98B | $10.18B | $9.05B | $8.86B | $8.35B | $8.22B | $8.16B | $8.31B | $8.34B | $8.29B | $8.46B |
| Total assets | $12.21B | $12.26B | $12.37B | $12.31B | $12.24B | $11.79B | $11.58B | $11.98B | $11.63B | $11.69B | $11.46B | $11.42B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $9.24B |
| Short-term debt | $137.9M | $26.9M | $281.1M | $149.6M | $225.9M | $77.5M | $80.1M | $538.8M | $537.6M | $546.5M | $597.8M | $544.1M |
| Total current liabilities | $10.40B | $26.9M | $281.1M | $10.38B | $10.33B | $9.94B | $9.76B | $10.28B | $9.95B | $9.99B | $9.79B | $9.79B |
| Long-term debt | $121.7M | $128.5M | $261.7M | $128.4M | $262.4M | $128.3M | $128.3M | $128.3M | $132.0M | $181.7M | $181.9M | $187.0M |
| Lease obligations | $3.4M | $3.6M | $3.7M | $3.9M | $4.0M | $4.2M | $4.3M | $4.5M | $4.6M | $4.8M | $4.9M | $5.0M |
| Other long-term liabilities | $119.0M | $10.55B | $10.27B | $259.2M | $126.6M | $271.8M | $293.3M | $160.9M | $185.9M | $187.0M | $173.2M | $209.3M |
| Total liabilities | $10.64B | $10.71B | $10.81B | $10.77B | $10.72B | $10.34B | $10.18B | $10.57B | $10.26B | $10.36B | $10.15B | $10.18B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $126.6M | $126.6M | $126.6M | $126.6M | $126.6M | $123.6M | $123.6M | $123.6M | $123.6M | $123.6M | $123.6M | $123.6M |
| Retained earnings (deficit) | $1.12B | $1.09B | $1.07B | $1.04B | $1.01B | $990.5M | $971.1M | $948.5M | $929.7M | $905.9M | $881.1M | $849.0M |
| Accumulated other comprehensive income | −$70.7M | −$68.0M | −$64.6M | −$69.2M | −$76.2M | −$81.2M | −$102.5M | −$83.1M | −$113.4M | −$119.1M | −$111.8M | −$154.1M |
| Total shareholders' equity | $1.57B | $1.55B | $1.55B | $1.54B | $1.52B | $1.45B | $1.41B | $1.41B | $1.36B | $1.33B | $1.31B | $1.24B |
| Key figures | ||||||||||||
| Total debt | $263.0M | $196.2M | $452.3M | $411.6M | $488.2M | $340.2M | $343.1M | $675.1M | $674.2M | $733.0M | $784.6M | $731.1M |
| Net cash (debt) | $1.51B | −$78.0M | −$349.1M | $751.6M | $721.3M | $892.6M | $937.9M | $1.05B | $585.3M | $601.0M | $383.4M | $423.6M |
| Working capital | −$8.62B | $91.2M | −$177.9M | −$9.22B | −$9.12B | −$8.71B | −$8.48B | −$8.56B | −$8.69B | −$8.66B | −$8.62B | −$8.63B |
| Tangible book value | $1.17B | $1.15B | $1.15B | $1.14B | $1.12B | $1.06B | $1.02B | $1.03B | $977.7M | $947.0M | $927.7M | $853.2M |
| Book value per share | $15.39 | $15.16 | $15.00 | $14.72 | $14.60 | $14.21 | $13.78 | $13.76 | $13.32 | $13.04 | $12.85 | $12.11 |
| Shares outstanding | 102.0M | 102.4M | 103.6M | 104.8M | 103.9M | 101.9M | 102.0M | 102.4M | 102.3M | 102.2M | 102.3M | 102.4M |
| Current ratio | 0.17 | 4.39 | 0.37 | 0.11 | 0.12 | 0.12 | 0.13 | 0.17 | 0.13 | 0.13 | 0.12 | 0.12 |
| Quick ratio | 0.17 | 4.39 | 0.37 | 0.11 | 0.12 | 0.12 | 0.13 | 0.17 | 0.13 | 0.13 | 0.12 | 0.12 |
| Debt / equity | 0.17 | 0.13 | 0.29 | 0.27 | 0.32 | 0.24 | 0.24 | 0.48 | 0.49 | 0.55 | 0.60 | 0.59 |
| Equity / assets | 12.9% | 12.7% | 12.6% | 12.5% | 12.4% | 12.3% | 12.1% | 11.8% | 11.7% | 11.4% | 11.5% | 10.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
FCF financial position
At the end of fiscal 2025 (December 31, 2025), First Commonwealth Financial had total assets of $12.4 billion (up 6.7% from a year earlier), total liabilities of $10.8 billion and shareholders' equity of $1.6 billion. It held $103.3 million in cash and short-term investments against $452.3 million of debt, net debt of $349.1 million. Its current ratio was 0.37. In the latest quarter (ended June 30, 2026) total assets were $12.2 billion and equity $1.6 billion.
Related: FCF income statement, FCF cash flow statement, FCF key metrics. See the FCF stock overview for the latest quote and news.
FCF balance sheet FAQ
What are First Commonwealth Financial's total assets?
First Commonwealth Financial reported total assets of $12.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.6 billion a year earlier.
How much debt does First Commonwealth Financial have?
First Commonwealth Financial had $452.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.29.
How much cash does First Commonwealth Financial have?
First Commonwealth Financial held $103.3 million in cash and short-term investments at the end of fiscal 2025; with $452.3 million of debt that is net debt of $349.1 million.
What is First Commonwealth Financial's book value?
First Commonwealth Financial's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2025, or $15.00 per share.
What is First Commonwealth Financial's current ratio?
First Commonwealth Financial had current assets of $103.3 million and current liabilities of $281.1 million, a current ratio of 0.37 (current liabilities exceed current assets).
How much goodwill does First Commonwealth Financial have?
First Commonwealth Financial carried $400.2 million of goodwill and intangible assets, 3.2% of total assets, at the end of fiscal 2025.