Condensed Financial Information of First Commonwealth Financial Corporation (parent company only)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of First Commonwealth Financial Corporation (parent company only)

Condensed Financial Information of First Commonwealth Financial Corporation (parent company only)

Statements of Financial Condition	December 31,
	2025		2024
	(dollars in thousands)
Assets
Cash	$	96,157	$	86,909
Loans	—		3
Investment in subsidiaries	1,518,147		1,378,052
Investment in unconsolidated subsidiary trusts	2,200		2,204
Investment in jointly-owned company	377		438
Premises and equipment, net	3,022		3,184
Receivable from subsidiaries	2		—
Dividends receivable from subsidiaries	8,132		6,772
Other assets	17,872		17,546
Total assets	$	1,645,909	$	1,495,108
Liabilities and Shareholders’ Equity
Accrued expenses and other liabilities	$	12,547	$	11,048
Subordinated debentures payable	78,986		78,895
Shareholders’ equity	1,554,376		1,405,165
Total liabilities and shareholders’ equity	$	1,645,909	$	1,495,108

Statements of Income	For the years ended December 31,
	2025		2024		2023
	(dollars in thousands)
Interest and dividends	$	197	$	242	$	234
Dividends from subsidiaries	105,273		75,227		107,683
Interest expense	(4,537)		(4,098)		(3,656)
Other income	—		—		—
Operating expense	(5,971)		(5,841)		(6,631)
Income before taxes and equity in undistributed earnings of subsidiaries	94,962		65,530		97,630
Applicable income tax benefits	2,088		2,018		2,087
Income before equity in undistributed earnings of subsidiaries	97,050		67,548		99,717
Equity in undistributed earnings of subsidiaries	55,252		75,024		57,346
Net income	$	152,302	$	142,572	$	157,063

	For the years ended December 31,
Statements of Cash Flow	2025		2024		2023
	(dollars in thousands)
Operating Activities
Net income	$	152,302	$	142,572	$	157,063
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	290		300		320
Net gains (losses) on sales of assets	—		—		—
Decrease (increase) in prepaid income taxes	(106)		19,809		(20,307)
Undistributed equity in subsidiaries	(55,252)		(75,024)		(57,346)
Distribution from unconsolidated subsidiary	65		—		—
Other net	3,054		4,778		7,151
Net cash provided by operating activities	100,353		92,435		86,881
Investing Activities
Net change in loans	3		2		2
Purchases of premises and equipment	(91)		(609)		(23)
Investment in subsidiaries	38		—		1,120
Investment in jointly-owned companies	(19)		(14)		(18)
Net cash provided by (used in) investing activities	(69)		(621)		1,081
Financing Activities
Dividends paid	(55,489)		(52,602)		(50,814)
Proceeds from reissuance of treasury stock	245		204		245
Purchase of treasury stock	(35,792)		(12,630)		(14,965)
Net cash used in financing activities	(91,036)		(65,028)		(65,534)
Net increase (decrease) in cash	9,248		26,786		22,428
Cash at beginning of year	86,909		60,123		37,695
Cash at end of year	$	96,157	$	86,909	$	60,123

Cash dividends declared per common share were $0.535 for 2025, $0.515 in 2024 and $0.495 in 2023.

First Commonwealth Financial Corporation has an unsecured $20.0 million line of credit with another financial institution. As of December 31, 2025, there are no amounts outstanding on this line and we are in compliance with all debt covenants related to the line of credit.