First Commonwealth Financial Corporation Authorizes New $25 Million Share Repurchase Program

First Commonwealth Financial Corporation announces a new $25 million share repurchase program following the completion of a previous program.

Quiver AI Summary

First Commonwealth Financial Corporation announced a new $25 million share repurchase program for its common stock, following the completion of a previous $25 million program in which 1,560,477 shares were repurchased at an average price of $16.02. The new program allows management to buy back shares through various methods while adhering to federal securities laws. The company reserves the right to suspend or terminate the program as needed. First Commonwealth, based in Indiana, Pennsylvania, operates numerous community banking offices and offers a wide range of financial products and services across western and central Pennsylvania and parts of Ohio.

Potential Positives

First Commonwealth Financial Corporation has authorized a new $25.0 million share repurchase program, signaling confidence in the company's financial health and future prospects.
The completion of the previous $25.0 million share repurchase program indicates effective capital management and may enhance shareholder value by reducing the number of outstanding shares.
The new repurchase program allows for flexibility through various purchasing methods, which could optimize the timing and approach for acquiring shares in the market.

Potential Negatives

The company's reliance on share repurchase programs may raise concerns among investors about its ability to generate sustainable long-term growth and profitability.
Suspension or discontinuation of the share repurchase program could signal financial instability or uncertainty regarding future cash flows.
Completion of the previous repurchase program at a relatively high average price might indicate overvaluation, leading to potential losses if the stock price declines.

FAQ

What is the new share repurchase program announced by First Commonwealth?

First Commonwealth's Board of Directors has authorized a new $25.0 million share repurchase program for its common stock.

How many shares were repurchased in the last program?

In the previous program, First Commonwealth repurchased 1,560,477 shares at a weighted average price of $16.02.

Through what methods can First Commonwealth repurchase shares?

First Commonwealth can repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, and block purchases.

What services does First Commonwealth Financial Corporation offer?

First Commonwealth offers a range of services including commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance products.

Where is First Commonwealth Financial Corporation headquartered?

First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$FCF Insider Trading Activity

$FCF insiders have traded $FCF stock on the open market 60 times in the past 6 months. Of those trades, 4 have been purchases and 56 have been sales.

Here’s a breakdown of recent trading of $FCF stock by insiders over the last 6 months:

JAMES R RESKE (EVP/Chief Financial Officer) has made 0 purchases and 56 sales selling 8,088 shares for an estimated $136,142.
MICHAEL P MCCUEN (EVP/Chief Banking Officer) has made 2 purchases buying 5,916 shares for an estimated $99,962 and 0 sales.
TODD D BRICE has made 2 purchases buying 2,000 shares for an estimated $31,788 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FCF had revenues of $136M in Q3 2025. This is an increase of 12.18% from the same period in the prior year.

You can track FCF financials on Quiver Quantitative's FCF stock page.

$FCF Hedge Fund Activity

We have seen 123 institutional investors add shares of $FCF stock to their portfolio, and 103 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIRST TRUST ADVISORS LP removed 2,490,204 shares (-69.2%) from their portfolio in Q3 2025, for an estimated $42,457,978
MILLENNIUM MANAGEMENT LLC added 578,893 shares (+112.9%) to their portfolio in Q3 2025, for an estimated $9,870,125
BARTLETT & CO. WEALTH MANAGEMENT LLC added 393,681 shares (+102.1%) to their portfolio in Q3 2025, for an estimated $6,712,261
JANE STREET GROUP, LLC added 353,535 shares (+2101.6%) to their portfolio in Q3 2025, for an estimated $6,027,771
PRUDENTIAL FINANCIAL INC added 352,125 shares (+206.7%) to their portfolio in Q3 2025, for an estimated $6,003,731
BLACKROCK, INC. removed 335,317 shares (-2.2%) from their portfolio in Q3 2025, for an estimated $5,717,154
UBS GROUP AG removed 272,186 shares (-72.4%) from their portfolio in Q3 2025, for an estimated $4,640,771

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

INDIANA, Pa., Dec. 01, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced that its Board of Directors has authorized a new $25.0 million share repurchase program of the company's common stock. During the fourth quarter of 2025, First Commonwealth completed its previously announced $25.0 million common stock repurchase program, repurchasing a total of 1,560,477 shares at a weighted average price of $16.02.

Under the new program, management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in a manner that is intended to comply with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934. First Commonwealth may suspend or discontinue the program at any time.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services Company with 127 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Pittsburgh and Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio. The Company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com .

Media Relations:
Ron Wahl
Communications and Media Relations
Phone: 724-463-6806
E-mail: [email protected]

Investor Relations:
Ryan M. Thomas
Vice President / FP&A and Investor Relations
Phone: 724-463-1690
E-mail: [email protected]