First · NYSE:FCF

First — First Commonwealth Financial — Q2 2026 Earnings Presentation

21 slides from First's earnings presentation, Jul 29, 2026

  1. Slide 1: NYSE: FCF

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  2. Slide 2: 2Q 2026 Earnings Release Webcast Presentation

    2Q 2026 Earnings Release Webcast Presentation July 29, 2026 2

  3. Slide 3: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS Certain statements contained in this release that are not historical facts may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exch

  4. Slide 4: Second Quarter 2026 Highlights

    2Q 2026 Earnings Webcast Presentation SECOND QUARTER 2026 HIGHLIGHTS Diversified balance sheet and revenue streams continue to Highlights support the fundamental earnings of the company  Core EPS of $0.44 was an increase of $0.07 from the previous quarter $65.0 million and an increase of $0.06 from

  5. Slide 5: Net Interest Income and Net Interest Margin

    2Q 2026 Earnings Release Webcast Presentation NET INTEREST INCOME AND NET INTEREST MARGIN Net Interest Income(1)  Net interest income (FTE) of $112.8 million increased $3.5 million from LQ and increased $6.2 million YoY  Net interest margin of 4.01% increased 9bps from LQ but increased 18bps YoY −

  6. Slide 6: Loans

    2Q 2026 Earnings Release Webcast Presentation LOANS Average Average Loans(1)  Average loans decreased $106.3 million from LQ but increased $29.7 million YoY  The yield on loans increased 5bps from LQ but decreased 2bps YoY (2) Period-end Period-end Loans(1)  Total loans(1) increased $46.5 million

  7. Slide 7: Deposits

    2Q 2026 Earnings Release Webcast Presentation DEPOSITS Average Average Deposits  Average deposits grew $52.3 million or 2.0% annualized from LQ  Average deposits increased $294.0 million, or 11.7% from prior year quarter  Average interest-bearing and savings deposits increased $76.2 million from

  8. Slide 8: Noninterest Income

    2Q 2026 Earnings Release Webcast Presentation NONINTEREST INCOME Change from  Fee income increased $2.2 million from LQ 2Q26 1Q26 2Q25 1Q26 2Q25 and increased $1.9 million YoY Interchange $4.0 $3.7 $4.0 $0.3 $0.0 Service Charges 5.7 5.5 5.6 Trust 3.6 3.4 3.0 0.2 0.2 0.1 0.6  Gain on the early rede

  9. Slide 9: Noninterest Expense

    2Q 2026 Earnings Release Webcast Presentation NONINTEREST EXPENSE  Total operating expense decreased $1.3 Change from million from LQ and increased $1.8 2Q26 1Q26 2Q25 1Q26 2Q25 million YoY Salaries and benefits $42.7 $42.9 $40.6 ($0.2) $2.1 Occupancy 5.0 5.5 4.9 (0.5) 0.1 Furniture and equipment 4

  10. Slide 10: Credit Quality

    2Q 2026 Earnings Release Webcast Presentation CREDIT QUALITY Provision Expense and Net Charge-offs  Provision expense of $8.9 million decreased $1.8 million from LQ  The allowance for credit losses as a percentage of end-of- period loans was 1.35% as compared to 1.37% in LQ  Nonperforming loans o

  11. Slide 11: Capital Return

    2Q 2026 Earnings Release Webcast Presentation CAPITAL RETURN Payout Ratios (1) • Strong capital levels allow us to continue to return capital to shareholders • There were 645,695 shares repurchases in 2Q 2026; remaining capacity under the current program was $13.0 million as of June 30, 2026 • On Ju

  12. Slide 12: Additional Areas of Focus

    2Q 2026 Earnings Release Webcast Presentation ADDITIONAL AREAS OF FOCUS 12

  13. Slide 13: Sources of Liquidity

    2Q 2026 Earnings Release Webcast Presentation SOURCES OF LIQUIDITY As of June 30, 2026 Total Amount Net Available Used Availability Internal Sources: Unencumbered Securities $702.0 $0 $702.0 Other (Excess Pledged) $129.0 $0 $129.0 External Sources: FHLB $2,686.4 $126.1 $2,560.3 Federal Reserve $1,01

  14. Slide 14: Investment Securities Portfolio

    2Q 2026 Earnings Release Webcast Presentation INVESTMENT SECURITIES PORTFOLIO Securities Portfolio Composition(1)  Conservative investment portfolio intended to act as a pool of liquidity  There were $149.0 million of investment securities purchased during the quarter with a weighted average life

  15. Slide 15: CRE Portfolio

    2Q 2026 Earnings Release Webcast Presentation CRE PORTFOLIO Total Loans Commercial Real Estate Portfolio % of total 2Q 26 loans Owner-occupied CRE $ 756.7 8.0% Multifamily 636.8 6.7% Retail 631.6 6.6% Office 323.5 3.4% Office - Medical 48.9 0.5% Hospitality 207.2 2.2% $9.5B Industrial Distr./Warehou

  16. Slide 16: CRE Portfolio: Office

    2Q 2026 Earnings Release Webcast Presentation CRE PORTFOLIO: OFFICE Risk profile reflects well-diversified, granular portfolio and conservative credit culture  Office credits >$1 million (90% of Office portfolio balances) are formally reviewed annually Geographic Breakdown(1)  Average Office loan

  17. Slide 17: Appendix

    2Q 2026 Earnings Release Webcast Presentation APPENDIX 17

  18. Slide 18: Non-GAAP Measures

    2Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Operating Revenue 2Q26 1Q26 4Q25 3Q25 2Q25 Net Interest Income $112.4 $109.0 $113.2 $111.1 $106.2 Tax equivalent adjustment 0.4 0.3 0.4 0.4 0.4 Net Interest Income (FTE) 112.8 109.3 113.6 111.5 106.6 Noninterest Income (Reported) 27.0 2

  19. Slide 19: Non-GAAP Measures

    2Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Core Earnings per Share 2Q26 1Q26 4Q25 3Q25 2Q25 Net Income (GAAP) $44.6 $37.5 $44.9 $41.3 $33.4 (after tax) Less: Realized gains/ (losses) on securities (after tax) (0.3) (0.1) (0.3) (0.2) 0.0 Less: Merger and acquisition related (afte

  20. Slide 20: Non-GAAP Measures

    2Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Tangible Common Equity / Tangible Assets (Tangible Common Equity Ratio) 2Q26 1Q26 4Q25 3Q25 2Q25 Total Equity $1,569 $1,552 $1,554 $1,542 $1,518 Less: Intangible assets 398 399 400 401 403 Less: Preferred stock 0 0 0 0 0 Tangible Common

  21. Slide 21: Non-GAAP Measures

    2Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Core Return on Average Tangible Common Equity (%) 2Q26 1Q26 4Q25 3Q25 2Q25 Average Equity $1,563 $1,562 $1,550 $1,531 $1,493 Less: Average intangible assets 399 400 401 402 396 Average Tangible Common Equity $1,165 $1,163 $1,149 $1,129

First Commonwealth Financial — Q2 2026 Earnings Presentation on 6ix