EarningsQ2 2026 Earnings Report
DE:FCF Q2 2026 EPS Results
Actual EPS€0.39
Consensus EPS€0.38
Beat/MissBeat by +€0.02
One Year Ago EPS€0.28
DE:FCF Q2 2026 Revenue Results
Actual Revenue€164.66M
Expected Revenue€122.10M
Beat/MissBeat by +€42.56M
YoY Revenue Growth+0.60%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
DE:FCF Upcoming Earnings
First Commonwealth's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FCF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of constructive operating momentum and meaningful near-term headwinds. Positive operational indicators include higher core EPS, an expanding NIM, improved loan yields, stronger fee income, disciplined expense control, continued share repurchases and modest capital improvements. Offsetting these positives are significant commercial loan payoffs that restrained loan growth, end-of-period deposit outflows amid accelerating CD competition, and elevated charge-offs/classified assets that could produce volatility in credit results. Management expects payoffs to subside and loan growth to reaccelerate toward mid-single digits, but deposit competition and charge-off variability introduce uncertainty in margin and credit trends in the near term.Company Guidance
Core Earnings and Profitability Metrics Improved
Core EPS of $0.44, up $0.07 quarter-over-quarter; core ROAA of 1.46%; core pretax pre-provision ROAA of 2.14%; core efficiency ratio of 52.24%.
Net Interest Margin Expansion
NIM expanded to 4.01%, up 9 basis points quarter-over-quarter, driven by ~6 bps from lower funding costs and ~3 bps from higher loan yields and securities purchases.
Loan and Deposit Average Growth
Second quarter loan growth was 1.97% (annualized) and average deposits grew 2.03% quarter-over-quarter, with growth led by equipment finance, commercial construction, branch-based home equity lending and indirect lending.
Strong Loan Production and Originations
Commercial loan originations increased to approximately $693 million in Q2; production momentum cited across equipment finance, indirect auto, HELOC/HELOAN and construction funding.
Fee Income and Noninterest Expense Improvements
Fee income increased by $2.3 million QoQ (including an $806k gain from redemption of a $6.6M subordinated instrument and a $450k BOLI death claim); noninterest expense decreased ~$1.3 million QoQ.
Capital Management and Share Repurchases
Repurchased approximately $12 million in shares at a weighted average price of $18.66; ~$13 million remaining in prior authorization at quarter end and the Board approved an additional $75 million repurchase authorization.
Tangible Book Value and Capital Ratios
Tangible book value per share increased to $11.58 from $11.34 last quarter and $10.63 a year ago. CET1 ratio improved from 12.5% to 12.6%; tangible common equity ratio increased from 9.7% to 9.9%.
Loan Yield Improvement and Repricing
Yield on loan portfolio rose from 6.03% to 6.07% (+4 bps). Fixed-rate loans repriced upward by 61 basis points, supporting NIM expansion; new loan production on average yielding mid-6%.
DE:FCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed