FIRST COMMONWEALTH FINANCIAL CORP /PA/ FCF Cash Flow

First commonwealth financial corp /pa/ (FCF)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net Income
85,471	105,333	105,511	104,016	108,817	107,498	84,481	80,615	62,547	55,165	69,098	65,011	63,005	59,590	51,737	46,955	48,395	50,143	47,811	47,893	46,374	44,453	45,983	49,341	43,229	41,482	40,958	34,951	41,456	41,954	27,502	25,981	21,079	15,274	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
41,405	14,533	11,137	11,390	9,723	12,531	13,285	11,538	8,761	5,087	1,008	3,202	15,183	18,480	26,436	27,649	20,315	14,948	11,393	8,845	9,124	11,196	9,837	10,478	17,961	19,227	23,717	27,757	21,254	20,544	40,750	40,971	45,786	55,816	0	0	0
Deferred tax (benefit) expense
-2,702	2,292	3,117	3,117	3,819	3,473	20,383	18,325	19,416	20,825	4,792	7,772	7,019	5,713	4,465	7,460	9,634	12,653	11,175	7,046	6,435	4,862	9,470	13,774	12,572	12,704	9,485	4,465	4,658	2,551	-72	531	-535	-1,192	0	0	0
Depreciation and amortization
10,818	10,370	10,203	9,871	8,144	8,046	7,906	7,845	9,264	8,997	8,593	8,049	7,489	7,116	7,124	7,319	7,481	7,640	7,812	9,087	11,310	13,721	15,850	14,790	13,003	11,090	9,075	8,848	8,789	7,912	7,704	7,999	8,139	9,026	0	0	0
Net gains on securities and other assets
10,098	10,671	14,269	12,636	18,615	21,540	21,937	21,925	13,367	9,942	6,790	7,094	7,193	5,257	2,065	866	244	729	-5,017	-5,440	-3,651	-2,832	1,814	2,830	-426	-431	-2,338	-2,778	-190	-1,838	-2,523	-7,870	-10,878	-9,776	0	0	0
Net amortization of premiums and discounts on securities
-4,418	-3,892	-3,611	-3,233	-3,092	-3,083	-3,190	-3,304	-3,440	-3,532	-3,723	-4,042	-4,289	-4,524	-4,267	-3,906	-3,454	-2,793	-2,635	-2,384	-2,136	-2,233	-1,875	-381	-529	-543	-584	-1,826	-1,646	-1,381	-1,002	-978	-793	-721	0	0	0
Income from increase in cash surrender value of bank owned life insurance
6,182	5,998	5,849	5,735	5,740	5,808	5,850	5,899	5,901	5,699	5,581	5,459	5,321	5,325	5,280	5,287	5,354	5,412	5,460	5,431	5,260	5,275	-5,854	-5,823	-5,598	-5,539	-6,000	-5,894	-5,867	-5,850	5,807	5,753	5,684	5,596	0	0	0
Increase in interest receivable
-2,008	-423	188	3,374	4,287	2,561	3,209	2,706	1,596	1,314	1,115	20	4	577	-76	430	825	41	-714	52	274	-542	1,225	-983	-1,868	-921	-3,070	-2,264	-2,079	-2,689	-1,639	-1,222	-1,550	-1,276	0	0	0
Net amortization of premiums and discounts on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	-66	-96	-118	-117	-117	-115	-114	-113	-112	-111	-110	-124	0	0	0
Mortgage loans originated for sale
281,679	251,428	215,257	180,925	162,665	165,898	177,065	176,956	174,850	164,212	155,366	147,660	138,589	133,278	113,479	102,774	93,463	86,576	81,595	57,638	33,079	17,697	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of mortgage loans
278,490	251,968	211,563	179,318	166,408	177,287	187,991	185,179	179,430	163,125	155,515	152,250	143,008	136,037	113,988	104,890	93,104	85,718	80,100	51,677	31,070	15,598	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in interest payable
-656	-256	-109	270	2,140	383	1,420	-48	-380	426	730	669	325	-272	-254	13	-37	-103	-101	-316	-333	-404	-351	-176	-509	-1,172	-490	-1,613	-929	-1,280	-1,589	-1,816	-1,502	-1,423	0	0	0
Increase in income taxes payable
1,558	1,484	930	-515	-1,029	-1,926	-5,382	1,990	521	1,318	5,754	1,181	954	-589	-3,387	-3,391	2,167	-354	681	1,365	-81	1,860	1,635	633	608	-615	-903	-808	-2,077	6,484	1,650	2,574	2,620	-5,362	0	0	0
Net cash provided by operating activities
122,059	107,632	118,557	104,771	132,550	135,263	118,592	107,168	82,269	88,305	92,635	93,541	97,119	89,273	80,256	87,574	76,612	72,751	76,906	58,051	76,991	82,137	75,509	88,779	93,790	85,734	91,969	84,814	71,830	78,724	79,772	82,550	84,472	84,119	0	0	0
Investing Activities
Transactions with securities held to maturity:
Proceeds from sale and maturity of held-to-maturity securities
64,495	54,632	45,770	43,665	44,920	47,614	51,626	52,938	51,748	51,239	55,207	57,683	57,959	54,057	41,000	26,844	16,282	9,358	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases
-	-	-	-	-	20,650	6,554	6,554	77,280	102,420	103,723	106,399	50,633	45,188	266,958	289,893	370,956	380,877	156,756	131,145	29,616	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transactions with securities available for sale:
Proceeds from Sale of Available-for-sale Securities
0	0	0	0	15,939	15,939	15,939	55,981	143,660	143,660	143,660	103,618	55,744	55,744	143,798	143,798	88,054	88,054	0	0	0	-	-	-	-	671	671	42	42	0	1,840	6,988	21,949	76,914	0	0	0
Proceeds from maturities and redemptions of available-for-sale securities
208,202	189,194	163,360	139,436	127,739	140,707	159,741	161,214	159,503	148,561	146,029	151,899	165,547	168,237	209,132	219,784	358,475	373,228	330,239	326,020	192,338	242,895	298,150	313,707	382,189	356,667	422,034	494,485	501,248	574,846	532,284	526,902	559,749	480,250	0	0	0
Purchases of available-for-sale securities
259,637	138,670	57,121	129,485	208,358	331,969	292,249	284,557	195,684	150,892	185,031	119,359	184,206	128,916	102,327	108,127	53,580	24,150	30,294	197,139	225,443	339,649	455,414	333,194	450,095	539,894	620,533	673,389	597,879	605,435	629,179	684,159	770,489	723,805	0	0	0
Purchases of FHLB stock
45,239	36,850	42,698	50,253	48,909	52,107	48,902	48,082	45,909	45,301	41,454	39,331	39,928	37,326	49,912	56,678	62,085	65,605	55,716	51,512	48,142	40,920	34,857	26,109	21,813	18,120	15,378	10,670	2,886	0	0	0	0	-	-	-	-
Proceeds from the redemption of FHLB stock
51,202	52,215	57,837	44,421	49,601	51,488	56,175	60,357	63,428	55,212	66,467	66,327	61,856	63,780	51,153	52,769	49,395	48,029	52,234	42,243	35,113	31,819	17,567	15,945	16,124	10,904	14,153	12,672	12,334	11,568	9,411	8,179	8,610	9,063	0	0	0
Proceeds from Life Insurance Policy
1,114	557	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	378	682	1,435	1,432	2,080	1,776	1,592	2,853	2,092	2,522	2,532	2,679	2,501	2,221	1,558	150	238	0	0	0
Proceeds from Sale of Loans Receivable
36,935	37,534	36,136	35,110	42,695	40,783	37,566	34,291	21,454	14,807	0	0	0	-	-	-	-	-	-	-	-	3,112	3,112	3,524	7,377	20,760	20,760	20,348	23,271	15,981	15,984	17,345	8,173	5,766	0	0	0
Proceeds from sale of other assets
7,039	6,822	7,381	6,582	4,480	4,477	4,219	4,258	5,078	5,568	5,579	6,888	7,295	7,765	8,760	7,746	7,500	6,407	5,236	5,664	9,447	12,882	13,147	19,360	15,822	12,713	13,239	9,542	10,859	17,660	32,020	29,214	29,815	23,756	0	0	0
Acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-458,185	-479,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in loans
394,152	358,328	384,384	409,614	357,477	237,276	142,707	118,370	112,200	165,726	67,246	87,410	54,813	135,436	251,854	316,885	319,530	191,853	188,525	177,820	212,144	195,120	196,051	132,027	75,531	143,438	87,553	130,250	129,064	178,321	313,277	250,602	159,359	-56,181	0	0	0
Payments for Purchase of Other Assets
0	-	0	0	0	-	0	0	0	-	0	0	840	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	6,771	7,491	6,658	6,567	5,473	4,887	4,939	7,272	10,405	10,980	14,840	12,758	9,711	9,635	8,290	9,266	9,542	10,182	8,246	8,112	9,654	8,320	0	0	0
Net cash used in investing activities
-13,731	122,942	126,605	-347,655	-358,928	-347,748	-170,896	-98,155	27,544	-52,797	516,760	536,368	488,904	493,774	-223,769	-327,733	-292,346	-142,433	-44,155	-58,483	-155,198	-164,055	-234,542	-149,331	-132,156	-307,280	-258,375	-283,954	-188,938	-171,382	-356,942	-352,687	-311,056	-79,957	0	0	0
Financing Activities
Net increase (decrease) in federal funds purchased
-27,000	11,000	-500	16,000	6,000	-11,000	-6,500	-16,000	-6,000	0	3,000	0	0	4,000	17,000	24,000	15,000	5,000	-500	5,000	500	7,000	-8,500	-19,000	3,700	18,000	9,500	39,000	12,300	41,300	-8,500	-49,000	-31,500	-62,500	0	0	0
Net decrease in other short-term borrowings
-445,645	-508,970	-504,571	25,893	-16,400	3,357	-224,519	-316,950	-379,585	-160,477	-521,502	-618,550	-557,141	-638,882	17,533	256,770	408,222	409,949	294,327	391,043	553,054	486,261	474,838	385,025	268,565	288,387	99,359	6,584	11,027	84,750	279,490	263,330	122,532	62,417	0	0	0
Net increase in deposits
321,482	308,783	311,981	242,974	286,601	176,558	199,273	239,456	249,639	149,175	-7,757	34,843	48,692	132,180	207,482	94,314	-82,294	-209,928	-210,895	-250,315	-354,068	-288,352	-245,414	-272,621	-63,748	46,006	123,407	271,134	77,802	53,256	9,616	-74,125	3,930	-113,090	0	0	0
Repayments of other long-term debt
640	634	628	623	23,604	23,598	23,591	23,587	593	588	583	576	571	565	30,160	30,155	55,150	80,145	77,488	102,484	84,936	59,889	32,894	7,847	29,933	29,969	30,005	30,039	25,485	25,480	25,475	25,471	466	24,561	0	0	0
Repayments of Long-term Capital Lease Obligations
408	402	394	387	380	373	366	359	352	260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discount on dividend reinvestment plan purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65	93	122	120	112	109	105	101	92	82	73	63	63	0	0	0
Dividends paid
40,351	39,394	38,543	37,726	36,908	34,849	33,664	32,431	31,197	30,513	28,946	27,373	25,802	24,907	24,905	24,905	24,906	25,089	25,282	25,604	25,963	26,174	25,468	24,707	23,986	22,344	21,756	21,199	20,588	18,759	16,773	14,682	12,567	12,558	0	0	0
Proceeds from reissuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,028	617	354	209	72	0	0	0
Purchase of treasury stock
9,694	6,259	31,253	29,065	26,895	26,189	1,407	1,401	1,435	1,458	1,187	1,103	1,478	864	864	902	7,450	25,383	25,411	42,970	40,669	30,956	34,814	22,339	38,543	33,439	56,683	58,899	39,846	36,242	0	0	0	-	-	-	-
Stock option tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	6	0	0	0
Net cash provided by financing activities
-98,045	-207,665	-212,697	235,183	274,648	204,140	20,460	-20,944	-157,295	-43,893	-562,920	-612,617	-536,084	-536,822	152,302	271,338	223,614	64,596	-44,057	-30,138	52,078	79,017	149,847	76,581	74,009	196,003	170,598	194,624	91,327	117,162	276,388	226,128	174,817	4,458	0	0	0
Net increase in cash and cash equivalents
10,283	22,909	32,465	-7,701	48,270	-8,345	-31,844	-11,931	-47,482	-8,385	46,475	17,292	49,939	46,225	8,789	31,179	7,880	-5,086	-11,306	-30,570	-26,129	-2,901	-9,186	16,029	35,643	-25,543	4,192	-4,516	-25,781	24,504	-782	-44,009	-51,767	8,620	0	0	0
Increase (Decrease) in Other Operating Assets and Liabilities, Net
792	14,310	-8,157	3,259	-13,743	-11,695	-4,379	3,094	5,016	-10,997	-12,274	-11,598	-6,954	-3,111	3,372	-2,130	8,015	7,929	3,276	12,249	-5,925	-8,253	-780	2,449	-496	2,426	446	-7,902	3,982	4,079	4,042	5,348	3,666	-803	0	0	0