Report|15 Apr 2025

First Commonwealth Financial Corporation Surveillance Report

Company Profile

  • First Commonwealth Financial Corporation (NYSE: FCF) (“the company”) is one of the largest Pennsylvania based BHCs, with $11.6 billion in total assets. The primary subsidiary, First Commonwealth Bank (“the bank”), has a history dating back over 80 years, with a branch footprint that bridges the rural markets of Central PA with the urban markets of the PA capital region and Western PA and Columbus and Cincinnati, OH to the west.
  • Complementing the traditional relationship banking oriented retail and commercial banking products, FCF offers a diverse set of financial services that includes wealth management and insurance offerings.
  • FCF has supplemented organic growth with M&A, most recently, with a ~$350 million acquisition of CenterGroup Financial, Inc. in Cincinnati, OH projected to close in 2Q25 following the 1Q23 $1 billion acquisition of Centric Financial Corporation (“Centric”), which expanded the footprint east to Harrisburg and…
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