First Commonwealth Financial Corporation (FCF) Income Statement
FCF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFCF revenue and net income
Where FCF's revenue goes
2025Each bar shows an amount and its share of revenue. FCF kept 20.9% of revenue as net income.
FCF profit margins
FCF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.3% | +19.4% | +13.0% | +10.6% |
| Gross profit | +9.8% | +8.2% | +10.0% | +7.7% |
| Operating income | +11.3% | +7.4% | +17.1% | +10.8% |
| Net income | +6.8% | +5.9% | +15.7% | +11.8% |
| EPS (diluted) | +9.4% | +3.3% | +13.7% | +10.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FCF quarterly EPS vs estimates
First Commonwealth Financial beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.46).
FCF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $729.4M | $699.7M | $626.6M | $428.7M | $400.6M | $395.7M | $410.7M | $380.9M | $330.9M | $282.2M |
| Cost of revenue | $236.3M | $250.7M | $159.1M | $38.8M | $13.9M | $89.7M | $69.9M | $52.6M | $26.9M | $37.1M |
| Gross profit | $493.1M | $449.0M | $467.5M | $389.8M | $386.7M | $306.0M | $340.8M | $328.3M | $304.0M | $245.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $94.6M | $160.8M | $154.8M | $133.9M | $127.0M | $129.8M | $128.4M | $121.5M | $121.7M | $103.3M |
| Total operating expenses | $294.8M | $270.7M | $269.9M | $229.6M | $213.9M | $215.8M | $210.0M | $195.6M | $200.3M | $159.9M |
| Operating income | $198.4M | $178.2M | $197.6M | $160.2M | $172.8M | $90.2M | $130.8M | $132.8M | $103.7M | $85.2M |
| Interest income | $630.0M | $598.4M | $479.5M | $330.0M | $293.8M | $301.2M | $323.7M | $290.4M | $248.9M | $214.8M |
| Interest expense | $206.6M | $221.6M | $144.3M | $17.7M | $15.3M | $32.9M | $55.4M | $40.0M | $21.8M | $18.6M |
| Income before taxes | $191.4M | $178.2M | $197.6M | $160.2M | $172.8M | $90.2M | $130.8M | $132.8M | $103.7M | $85.2M |
| Income taxes | $39.1M | $35.6M | $40.5M | $32.0M | $34.6M | $16.8M | $25.5M | $25.3M | $48.6M | $25.6M |
| Net income | $152.3M | $142.6M | $157.1M | $128.2M | $138.3M | $73.4M | $105.3M | $107.5M | $55.2M | $59.6M |
| EBITDA | $205.0M | $184.0M | $201.7M | $170.7M | $184.3M | $101.9M | $141.2M | $140.8M | $112.7M | $92.3M |
| EPS (diluted) | $1.52 | $1.39 | $1.70 | $1.38 | $1.45 | $0.80 | $1.10 | $1.05 | $0.82 | $0.69 |
| Gross margin | 67.6% | 64.2% | 74.6% | 90.9% | 96.5% | 77.3% | 83.0% | 86.2% | 91.9% | 87.1% |
| Operating margin | 27.2% | 25.5% | 31.5% | 37.4% | 43.1% | 22.8% | 31.9% | 34.9% | 31.3% | 30.2% |
| Net margin | 20.9% | 20.4% | 25.1% | 29.9% | 34.5% | 18.6% | 25.6% | 28.2% | 16.7% | 21.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.0M | $179.3M | $188.6M | $187.6M | $183.6M | $169.6M | $175.3M | $179.0M | $175.8M | $169.4M | $168.6M | $164.7M |
| Cost of revenue | $59.0M | $59.0M | $50.7M | $62.9M | $65.3M | $57.3M | $61.4M | $68.4M | $63.5M | $57.4M | $46.7M | $48.0M |
| Gross profit | $8.0M | $120.3M | $137.9M | $124.7M | $118.3M | $112.3M | $113.9M | $110.6M | $112.3M | $112.1M | $121.9M | $116.7M |
| Sales, general & admin | $53.6M | $54.9M | $44.0M | $44.3M | $3.4M | $3.0M | $40.8M | $42.2M | $39.5M | $38.3M | $38.9M | $39.2M |
| Total operating expenses | $53.6M | $73.1M | $74.5M | $72.8M | $76.2M | $71.2M | $69.3M | $70.1M | $65.7M | $65.6M | $65.2M | $67.4M |
| Operating income | −$45.6M | $47.2M | $63.4M | $51.8M | $42.1M | $41.0M | $44.6M | $40.5M | $46.6M | $46.5M | $56.7M | $49.3M |
| Interest income | $158.8M | $156.6M | $163.2M | $161.9M | $158.2M | $146.6M | $149.4M | $153.9M | $150.2M | $144.9M | $143.4M | $139.9M |
| Interest expense | $46.9M | $48.2M | $50.7M | $51.6M | $52.7M | $51.6M | $54.9M | $57.8M | $55.7M | $53.2M | $48.5M | $42.1M |
| Income before taxes | $56.3M | $47.2M | $56.4M | $51.8M | $42.1M | $41.0M | $44.6M | $40.5M | $46.6M | $46.5M | $56.7M | $49.3M |
| Income taxes | $11.7M | $9.7M | $11.6M | $10.5M | $8.7M | $8.3M | $8.8M | $8.4M | $9.5M | $8.9M | $11.9M | $10.1M |
| Net income | $44.6M | $37.5M | $44.9M | $41.3M | $33.4M | $32.7M | $35.8M | $32.1M | $37.1M | $37.5M | $44.8M | $39.2M |
| EBITDA | −$43.8M | $49.3M | $65.2M | $53.7M | $42.9M | $43.2M | $46.7M | $41.9M | $47.3M | $48.0M | $58.0M | $50.2M |
| EPS (diluted) | $0.44 | $0.37 | $0.43 | $0.39 | $0.38 | $0.32 | $0.35 | $0.31 | $0.36 | $0.37 | $0.44 | $0.39 |
| Gross margin | 12.0% | 67.1% | 73.1% | 66.5% | 64.4% | 66.2% | 65.0% | 61.8% | 63.9% | 66.1% | 72.3% | 70.9% |
| Operating margin | −68.1% | 26.3% | 33.6% | 27.6% | 22.9% | 24.2% | 25.5% | 22.6% | 26.5% | 27.4% | 33.7% | 29.9% |
| Net margin | 66.6% | 20.9% | 23.8% | 22.0% | 18.2% | 19.3% | 20.4% | 17.9% | 21.1% | 22.2% | 26.6% | 23.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FCF's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FCF financial results
In fiscal year 2025 (ended December 31, 2025), First Commonwealth Financial reported revenue of $729.4 million, up 4.3% from the year before. It had net income of $152.3 million (up 6.8%), a net profit margin of 20.9%. Diluted earnings per share came to $1.52. Over five years revenue grew at an average rate of 13.0% a year.
See the FCF stock overview for the latest quote and news, or the FCF chart for price history and technical indicators.
FCF income statement FAQ
What is First Commonwealth Financial's annual revenue?
First Commonwealth Financial reported total revenue of $729.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.3% from $699.7 million the previous year.
Is First Commonwealth Financial profitable?
Yes. First Commonwealth Financial reported net income of $152.3 million in fiscal 2025, a net profit margin of 20.9%; its operating margin was 27.2%.
What is First Commonwealth Financial's gross margin?
First Commonwealth Financial's gross margin was 67.6% in fiscal 2025: for every $100 of revenue, First Commonwealth Financial kept $68 after the direct cost of its products and services.
How fast is First Commonwealth Financial growing?
Revenue grew 13.0% a year on average over the last five fiscal years, from $395.7 million to $729.4 million.
What are First Commonwealth Financial's earnings per share?
First Commonwealth Financial earned $1.52 per diluted share in fiscal 2025, compared with $1.39 a year earlier.
When will First Commonwealth Financial report its next earnings?
First Commonwealth Financial is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does First Commonwealth Financial's fiscal year end?
First Commonwealth Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.