FIRST COMMONWEALTH FINANCIAL CORP /PA/ FCF Income Statement

First commonwealth financial corp /pa/ (FCF)

Income statement / 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	Sep'10	Jun'10	Sep'09	Jun'09
Interest Income
Interest and fees on loans
293,208	291,889	287,311	278,702	269,254	257,316	246,511	237,741	228,713	218,530	208,503	197,825	188,610	185,344	181,874	178,300	175,252	172,819	171,040	171,157	170,699	171,196	172,441	173,176	174,613	176,129	178,649	181,053	183,832	187,258	188,872	191,642	194,613	197,456	205,422	213,680	0	0	0	0	0
Interest and dividends on investments:
Taxable interest
28,582	29,773	31,104	32,008	32,372	31,264	30,062	29,382	28,670	28,608	28,559	28,103	27,767	27,919	27,722	27,429	27,136	26,807	27,157	27,805	28,404	28,767	28,840	30,002	29,987	29,916	30,055	29,295	30,255	31,695	32,735	33,659	33,938	33,763	34,569	35,789	0	0	0	0	0
Interest exempt from federal income taxes
1,488	1,591	1,646	1,658	1,654	1,646	1,641	1,641	1,635	1,622	1,598	1,568	1,534	1,498	1,463	1,344	1,183	997	785	628	482	311	173	70	7	4	4	4	8	12	16	24	32	213	929	2,759	0	0	0	0	0
Dividends
1,335	1,608	1,866	1,899	1,877	1,859	1,805	1,802	1,712	1,669	1,877	2,131	2,496	2,826	2,932	2,946	2,751	3,434	3,163	3,141	3,162	1,895	1,605	1,032	488	302	202	130	119	104	67	60	53	49	53	61	0	0	0	0	0
Interest on bank deposits
386	403	244	202	195	172	133	124	140	121	105	83	33	27	26	20	17	14	11	13	13	12	10	8	8	7	7	7	6	6	5	30	56	64	67	88	0	0	0	0	0
Total interest income
324,999	325,264	322,171	314,469	305,352	292,257	280,152	270,690	260,870	250,550	240,642	229,710	220,440	217,614	214,017	210,039	206,339	204,071	202,156	202,744	202,760	202,181	203,069	204,288	205,103	206,358	208,917	210,489	214,220	219,075	221,695	225,415	228,692	231,545	241,040	252,377	0	0	0	0	0
Interest Expense
Interest on deposits
36,999	36,725	34,372	30,532	26,347	21,713	17,543	14,028	11,144	9,415	8,392	8,026	7,746	7,523	7,329	6,961	6,913	7,474	8,343	9,560	11,096	12,453	13,545	14,321	14,912	15,596	16,458	17,762	19,398	21,454	23,714	26,757	30,207	33,496	38,920	43,890	0	0	0	0	0
Interest on short-term borrowings
5,448	8,298	11,429	12,412	11,884	10,741	9,813	9,637	9,345	8,799	8,127	7,687	7,590	8,076	7,987	7,279	6,295	5,018	4,194	3,577	2,938	2,449	2,001	1,701	1,511	1,262	1,122	1,071	1,063	1,070	994	871	770	728	835	1,263	0	0	0	0	0
Interest on subordinated debentures
8,876	9,084	9,252	9,322	8,514	6,987	5,449	3,919	3,122	3,000	2,909	2,800	2,706	2,635	2,534	2,459	2,394	2,329	2,313	2,303	2,295	2,292	2,295	2,301	2,310	3,128	3,953	4,793	5,635	5,684	5,691	5,654	5,618	5,568	5,585	5,588	0	0	0	0	0
Interest on other long-term debt
1,300	1,016	729	443	294	300	306	311	317	323	329	334	340	345	402	508	626	774	926	1,056	1,170	1,307	1,395	1,456	1,546	1,721	1,848	1,906	1,947	1,938	1,925	1,932	1,929	1,886	2,370	3,190	0	0	0	0	0
Interest on lease obligations
276	279	283	286	290	294	298	302	307	233	156	79	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	7,955	8,778	0	0	0	0	0
Total interest expense
52,899	55,402	56,065	52,995	47,329	40,035	33,409	28,197	24,235	21,770	19,913	18,926	18,382	18,579	18,252	17,207	16,228	15,595	15,776	16,496	17,499	18,501	19,236	19,779	20,279	21,707	23,381	25,532	28,043	30,146	32,324	35,214	38,524	41,678	47,710	53,931	0	0	0	0	0
Net Interest Income
272,100	269,862	266,106	261,474	258,023	252,222	246,743	242,493	236,635	228,780	220,729	210,784	202,058	199,035	195,765	192,832	190,111	188,476	186,380	186,248	185,261	183,680	183,833	184,509	184,824	184,651	185,536	184,957	186,177	188,929	189,371	190,201	190,168	189,867	193,330	198,446	0	0	0	0	0
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	34,426	31,461	0	0	0	0	0
Net Interest Income after Provision for Credit Losses
230,695	255,329	254,969	250,084	248,300	239,691	233,458	230,955	227,874	223,693	219,721	207,582	186,875	180,555	169,329	165,183	169,796	173,528	174,987	177,403	176,137	172,484	173,996	174,031	166,863	165,424	161,819	157,200	164,923	168,385	148,621	149,230	144,382	134,051	158,904	166,985	0	0	0	0	0
Noninterest Income
Net securities gains
41	22	15	6	5,262	8,102	12,447	12,539	7,228	5,040	1,284	1,192	1,269	617	-250	-250	-258	-153	625	673	655	550	-1,345	-1,164	-1,162	-1,158	266	200	196	192	163	0	1,608	2,185	3,615	4,177	0	0	0	0	0
Trust income
8,506	8,321	8,108	7,989	7,899	7,901	7,837	7,778	7,609	7,098	6,543	5,919	5,528	5,366	5,421	5,512	5,668	5,834	5,924	5,988	5,986	6,000	6,076	5,804	5,938	6,166	6,103	6,328	6,327	6,206	6,193	6,165	6,322	6,498	6,571	6,366	0	0	0	0	0
Service charges on deposit accounts
19,426	18,926	18,549	18,184	18,014	18,175	18,139	18,353	18,666	18,579	18,199	17,371	16,480	15,869	15,576	15,682	15,709	15,319	14,900	14,918	15,187	15,661	16,241	16,369	16,043	15,652	15,211	14,720	14,642	14,743	14,740	14,840	14,851	14,775	15,312	16,079	0	0	0	0	0
Changes in fair value on impaired securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,192	-1,717	54	425	5,569	7,914	0	0	0	0	0
Noncredit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,934	975	-796	-425	2,459	2,224	0	0	0	0	0
Net impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	4,290	6,400	0	0	0	0	0
Insurance and retail brokerage commissions
7,617	7,583	7,753	7,713	7,519	7,426	7,715	7,971	8,593	8,807	8,568	8,544	8,087	7,964	8,034	8,093	8,286	8,522	8,315	7,861	7,283	6,483	6,086	6,199	5,983	6,005	5,957	5,979	6,265	6,272	6,438	6,292	6,238	6,376	6,476	6,644	0	0	0	0	0
Income from bank owned life insurance
6,192	6,002	5,853	5,892	6,618	6,686	6,727	6,620	5,901	5,699	5,637	5,515	5,377	5,381	5,280	5,287	5,354	5,412	5,460	5,433	5,487	5,502	5,451	5,480	5,480	5,539	5,700	5,806	5,833	5,850	5,807	5,753	5,684	5,596	5,535	5,425	0	0	0	0	0
Gain on sale of mortgage loans
8,883	7,765	7,270	6,213	5,380	5,436	5,923	5,799	5,873	5,366	4,946	4,763	4,380	4,086	3,415	3,012	2,665	2,421	1,923	1,167	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Letter of credit fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Gain on sale of other loans and assets
4,408	4,793	5,556	5,229	5,783	5,273	4,034	3,894	2,020	1,753	1,630	1,514	1,523	1,411	0	0	0	-	0	0	0	-	3,818	4,499	2,835	1,529	2,347	1,748	2,767	4,607	6,199	6,232	6,039	4,155	2,487	1,813	0	0	0	-	-
Card-related interchange income
22,209	21,677	21,058	20,473	20,175	20,187	19,836	19,572	19,271	18,780	17,789	16,707	15,649	14,955	14,756	14,695	14,640	14,501	14,386	14,348	14,274	14,222	14,152	14,089	13,924	13,746	13,754	13,478	13,273	13,199	12,732	12,525	12,282	11,968	11,584	11,217	0	0	0	0	0
Derivatives mark to market
-1,984	-269	-90	-45	-28	787	365	351	314	-473	1,245	1,729	1,235	219	-929	-2,182	-1,058	-274	-528	0	0	-	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	0	-	-	-
Swap fee income
3,218	3,397	2,393	2,500	1,977	1,874	2,662	2,351	2,368	2,005	832	1,340	1,826	2,359	2,069	1,627	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Joint venture termination fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-
Other income
7,370	7,268	7,021	6,910	6,867	6,790	7,128	7,618	7,599	7,677	7,285	6,568	6,462	6,372	6,306	6,491	6,710	7,041	6,307	6,548	7,244	7,279	10,087	11,282	11,522	12,060	13,190	13,132	13,253	14,365	18,709	14,027	13,778	12,803	6,322	9,393	0	0	0	0	0
Total noninterest income
85,886	85,485	83,486	81,064	85,466	88,637	92,813	92,846	85,442	80,331	73,958	71,162	67,816	64,599	61,549	60,060	60,849	61,325	59,930	59,475	60,130	60,859	60,236	62,269	60,198	60,163	61,002	61,774	62,939	65,434	66,809	59,753	60,721	57,669	53,070	54,920	0	0	0	0	0
Noninterest Expense
Salaries and employee benefits
114,994	112,237	110,740	108,619	107,462	105,115	106,361	105,977	105,121	103,714	99,846	94,324	88,914	87,125	85,034	86,833	88,946	89,161	88,377	88,175	88,071	87,223	86,909	85,663	85,263	86,012	84,956	85,238	86,104	86,069	86,978	86,116	85,299	84,669	83,709	84,338	0	0	0	0	0
Net occupancy expense
18,980	18,923	18,165	17,985	17,766	17,219	16,983	16,357	16,256	15,648	14,904	14,365	13,430	13,150	13,037	13,152	13,282	13,712	13,668	13,557	13,524	13,119	13,446	13,540	13,478	13,607	13,443	13,404	13,486	13,255	13,278	13,549	13,741	14,069	14,050	14,083	0	0	0	0	0
Furniture and equipment expense
15,270	15,160	15,032	14,552	14,375	14,247	14,366	14,284	13,960	13,508	12,781	12,286	11,845	11,624	11,353	11,176	10,924	10,737	10,742	12,543	15,162	17,812	20,305	19,128	17,176	15,118	12,997	12,821	12,548	12,460	12,436	12,410	12,521	12,517	12,491	12,500	0	0	0	0	0
Data processing expense
10,615	10,692	10,694	10,722	10,581	10,470	10,195	9,571	9,438	9,090	8,709	8,312	7,755	7,429	6,997	6,723	6,444	6,123	6,036	6,061	6,094	6,124	6,091	6,000	5,961	6,009	6,219	6,714	7,007	7,054	6,891	6,437	6,166	6,027	5,849	5,794	0	0	0	0	0
Advertising and promotion
4,160	4,250	4,382	4,442	4,387	3,956	4,236	3,977	3,789	3,786	3,396	3,205	2,881	2,601	2,729	0	0	-	0	-	-	-	0	-	-	3,129	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Pennsylvania shares tax
4,424	4,602	4,842	4,901	4,888	4,875	4,537	4,382	4,296	4,209	4,131	3,952	3,883	3,825	3,840	4,639	4,657	4,693	4,611	3,931	3,859	3,776	4,197	4,680	5,159	5,638	5,726	5,720	5,713	5,706	5,637	5,561	5,485	5,480	5,514	5,537	0	0	0	0	0
Intangible amortization
3,524	3,344	3,151	3,103	3,187	3,217	3,249	3,276	3,293	3,081	2,491	1,714	982	547	454	544	586	605	570	587	609	631	746	765	884	1,064	1,206	1,380	1,454	1,467	1,480	1,497	1,515	1,534	1,571	1,763	0	0	0	0	0
Collection and repossession expense
2,221	2,204	2,358	2,339	2,486	2,762	2,623	2,395	2,231	1,905	1,789	2,147	2,178	2,250	2,400	2,441	2,884	2,826	3,042	3,024	2,556	2,754	2,915	2,992	3,394	3,836	3,968	4,389	4,208	5,756	7,230	7,910	8,966	7,583	6,212	5,045	0	0	0	0	0
Other professional fees and services
4,787	4,631	4,228	4,221	4,220	4,473	4,406	4,744	4,809	4,761	4,404	4,306	4,083	3,915	4,023	3,823	3,895	4,034	4,098	4,146	3,892	3,986	3,731	3,529	3,786	3,731	3,927	4,107	4,099	4,329	4,534	5,212	5,371	5,297	4,649	4,005	0	0	0	0	0
FDIC insurance
673	1,219	1,581	1,763	1,805	2,007	2,334	2,813	3,193	3,210	3,164	3,573	3,658	3,903	4,172	4,030	3,993	4,014	4,075	4,038	4,064	4,054	4,080	4,332	4,365	4,366	4,587	4,667	4,845	5,032	4,987	4,906	4,892	5,490	6,274	7,109	0	0	0	0	0
Loss on sale or write-down of assets
1,576	1,724	557	528	1,212	1,080	2,445	2,459	1,736	1,834	298	277	1,152	1,155	-1,704	-1,656	-2,946	-3,112	-2,391	-2,312	-1,422	-1,595	0	0	0	-	-	0	-	-	0	-	-	-9,428	-4,766	-6,921	0	0	0	-	-
Litigation and operational losses
1,676	1,687	1,615	1,742	1,384	1,162	1,754	1,917	1,997	2,050	1,353	1,050	1,408	1,420	1,656	1,675	1,363	2,119	8,696	8,569	8,475	6,786	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-
Merger and acquisition related
-	-	0	0	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	1,788	4,199	3,481	2,942	2,588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early redemption of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Operational losses (recoveries)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unfunded commitments reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Loan processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Other Noninterest Expense
25,932	25,756	25,095	25,812	24,005	23,336	0	0	0	-	-	-	-	17,808	17,668	17,258	18,158	19,178	18,777	18,624	19,062	18,609	18,696	19,976	19,293	19,928	12,322	12,428	14,215	18,966	28,703	28,650	27,930	23,953	23,826	24,559	0	0	0	0	0
Total noninterest expense
210,506	209,965	206,880	201,513	198,413	195,556	197,441	195,272	204,406	200,298	194,064	185,399	164,546	159,925	157,379	158,940	162,164	163,874	168,104	169,415	171,177	171,210	169,178	167,655	167,257	168,824	167,339	172,059	171,909	177,207	181,941	178,297	182,149	176,826	169,181	171,738	0	0	0	0	0
Income Before Income Taxes
106,075	130,849	131,575	129,635	135,353	132,772	128,830	128,529	108,910	103,726	99,615	93,345	90,145	85,229	73,499	66,303	68,481	70,979	66,813	67,463	65,090	62,133	65,054	68,645	59,804	56,763	55,482	46,915	55,953	56,612	33,489	30,686	22,954	14,894	42,793	50,167	0	0	0	0	0
Income tax provision
20,604	25,516	26,064	25,619	26,536	25,274	44,349	47,914	46,363	48,561	30,517	28,334	27,140	25,639	21,762	19,348	20,086	20,836	19,002	19,570	18,716	17,680	19,071	19,304	16,575	15,281	14,524	11,964	14,497	14,658	5,987	4,705	1,875	-380	11,143	13,301	0	0	0	0	0
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	31,650	36,866	0	0	0	0	0
Average Shares Outstanding (in shares)
98,123	98,178	98,267	98,346	98,479	99,179	100,226	99,305	97,433	97,363	97,402	97,183	88,929	88,879	88,854	88,831	88,840	88,821	88,807	88,922	90,875	91,553	92,567	93,794	94,543	95,064	96,194	97,564	99,288	101,756	104,080	104,894	104,810	104,767	104,728	104,686	104,618	97,199	85,777	84,594	84,559
Average Shares Outstanding Assuming Dilution (in shares)
98,361	98,497	98,547	98,600	98,706	99,297	100,490	99,504	97,601	97,646	97,457	97,232	88,987	88,864	88,858	88,838	88,845	88,785	88,813	88,939	90,889	91,500	92,578	93,811	94,568	95,028	96,208	97,577	99,305	101,726	104,098	104,901	104,816	104,763	104,728	104,686	104,623	97,203	85,788	84,594	84,559
Per Share Data:
Basic Earnings per Share (in dollars per share)
0.05	0.27	0.27	0.28	0.25	0.28	0.25	0.32	0.24	0.04	0.22	0.14	0.18	0.20	0.19	0.14	0.14	0.11	0.14	0.15	0.16	0.09	0.13	0.13	0.13	0.10	0.16	0.06	0.11	0.08	0.09	0.12	0.11	-0.05	0.08	0.07	0.05	0.11	0.15	-0.07	-0.22
Diluted Earnings per Share (in dollars per share)
0.05	0.27	0.27	0.28	0.25	0.27	0.25	0.32	0.24	0.04	0.22	0.14	0.18	0.20	0.19	0.14	0.14	0.11	0.14	0.15	0.16	0.09	0.13	0.13	0.13	0.10	0.16	0.06	0.11	0.08	0.09	0.12	0.11	-0.05	0.08	0.07	0.05	0.11	0.15	-0.07	-0.22
Cash Dividends Declared per Common Share (in dollars per share)
0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.03	0.01	0.01	0.03	0.00
Off-Balance Sheet, Credit Loss, Liability, Change in Method, Credit Loss Expense (Reversal)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-