First Commonwealth Posts $0.45 Q3 EPS, Adds $25M Buyback and $0.14 Dividend
FCF sits 40% above its 52-week low of $15.
Summary
First Commonwealth earned $44.9 million ($0.45/share) in Q3 2026 and lifted its margin to 4.11%, while adding a $25 million buyback and a $0.14 quarterly dividend. Credit strain showed through a $14.2 million provision and rising nonperforming loans.
Key Events · Earnings and Guidance · FCF
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Q3 EPS of $0.45, Net Income $44.9M
Net income of $44.9 million, or $0.45 per diluted share, versus $44.6 million ($0.44) in Q2 2026 and $41.3 million ($0.39) in Q3 2025.
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$25M Buyback Added, $0.14 Dividend
On October 27, 2026, the board authorized an additional $25.0 million repurchase program, following 4,156,764 shares bought in Q3 at a weighted average of $21.18; the $0.14 dividend is payable November 20, 2026 to holders of record November 6, 2026.
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Provision Jumps on Commercial Credits
Provision expense rose to $14.2 million from $8.9 million as two commercial credits totaling $21.0 million moved to nonaccrual; nonperforming loans reached $95.2 million, or 0.99% of loans, up from 0.86%.
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Margin Expands to 4.11%
Net interest margin (FTE) widened 10 basis points from Q2 and 19 basis points year over year, helped by a seven basis point drop in deposit costs and $104.8 million more in average loans.
Analysis · FCF · Finance
Capital return is the headline for holders: the board added $25 million to the buyback on top of the 4.16 million shares already repurchased in Q3 at an average $21.18, and declared a $0.14 dividend. Underneath, third-quarter net income of $44.9 million ($0.45 per diluted share) edged past Q2's $44.6 million and rose 9% from $41.3 million a year ago, with the net interest margin widening 10 basis points to 4.11%. Credit is softening, though — provision expense jumped to $14.2 million from $8.9 million as two commercial credits totaling $21.0 million moved to nonaccrual, pushing nonperforming loans to $95.2 million (0.99% of loans). Management named improving credit performance as a near-term priority, so the next quarter's charge-off and nonaccrual trend is the number that matters.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FCF was trading at $21.02 on NYSE in the Finance sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $15.00 to $22.34. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.