First · NYSE:FCF

First — First Commonwealth Financial — Q3 2026 Earnings Presentation

21 slides from First's earnings presentation, Oct 28, 2026

  1. Slide 1: First Commonwealth Bank NYSE: FCF

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  2. Slide 2: 3Q 2026 Earnings Release Webcast Presentation

    3Q 2026 Earnings Release Webcast Presentation October 28, 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: Third Quarter 2026 Highlights

    3Q 2026 Earnings Webcast Presentation THIRD QUARTER 2026 HIGHLIGHTS Diversified balance sheet and revenue streams continue to Highlights support the fundamental earnings of the company  Core EPS of $0.45 was an increase of $0.01 from the previous quarter $65.0 million and an increase of $0.06 from

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

    3Q 2026 Earnings Release Webcast Presentation NET INTEREST INCOME AND NET INTEREST MARGIN Net Interest Income(1)  Net interest income (FTE) of $116.7 million increased $3.9 million from LQ and increased $5.2 million YoY  Net interest margin of 4.11% increased 10bps from LQ but increased 19bps YoY

  6. Slide 6: Loans

    3Q 2026 Earnings Release Webcast Presentation LOANS Average Loans(1) Average  Average loans increased $104.8 million from LQ but decreased $88.3 million YoY due to the sale of $210.4 million of held for sale commercial loans in 1Q26  The yield on loans increased 2bps from LQ and increased 1bps YoY

  7. Slide 7: Deposits

    3Q 2026 Earnings Release Webcast Presentation DEPOSITS Average  Average deposits decreased $87.1 million or Average Deposits 3.3% annualized from LQ  Average deposits increased $104.2 million, or 1.0% from prior year quarter  Average noninterest-bearing deposits increased $72.4 million from LQ 

  8. Slide 8: Noninterest Income

    3Q 2026 Earnings Release Webcast Presentation NONINTEREST INCOME Change from 3Q26 2Q26 3Q25 2Q26 3Q25 Interchange $4.0 $4.0 $4.0 $0.0 $0.0 Service Charges 6.0 5.7 5.9 0.3 0.1  Fee income (excl. securities) remained flat to Trust 3.9 3.6 3.5 0.3 0.4 LQ and increased $2.2 million YoY Retail Brokerage

  9. Slide 9: Noninterest Expense

    3Q 2026 Earnings Release Webcast Presentation NONINTEREST EXPENSE Change from 3Q26 2Q26 3Q25 2Q26 3Q25 Salaries and benefits Occupancy $44.4 5.3 $42.7 5.0 $40.7 5.1 $1.7 0.3 $3.7 0.2  Total operating expense increased $4.0 Furniture and equipment 4.9 4.2 4.4 0.7 0.5 million from LQ and increased $5

  10. Slide 10: Credit Quality

    3Q 2026 Earnings Release Webcast Presentation CREDIT QUALITY Provision Expense and Net Charge-offs  Provision expense of $14.2 million increased $5.3 million from LQ  The allowance for credit losses as a percentage of end-of- period loans was 1.40% as compared to 1.35% in LQ  Nonperforming loans

  11. Slide 11: Capital Return

    3Q 2026 Earnings Release Webcast Presentation CAPITAL RETURN Payout Ratios (1) • Strong capital levels allow us to continue to return capital to shareholders • There were 4,154,764 shares repurchased in 3Q 2026 • On October 27, 2026, the Board of Directors authorized an additional $25 million share

  12. Slide 12: Additional Areas of Focus

    3Q 2026 Earnings Release Webcast Presentation ADDITIONAL AREAS OF FOCUS 12

  13. Slide 13: Sources of Liquidity

    3Q 2026 Earnings Release Webcast Presentation SOURCES OF LIQUIDITY As of September 30, 2026 Total Amount Net Available Used Availability Internal Sources: Unencumbered Securities $529.6 $0 $529.6 Other (Excess Pledged) $121.3 $0 $121.3 External Sources: FHLB $2, 654.6 $156.5 $2,498.1 Federal Reserve

  14. Slide 14: Investment Securities Portfolio

    3Q 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 $8.0 million of investment securities purchased during the quarter with a weighted average life of

  15. Slide 15: CRE Portfolio

    3Q 2026 Earnings Release Webcast Presentation CRE PORTFOLIO Total Loans Commercial Real Estate Portfolio % of total 3Q 26 loans Owner-occupied CRE $ 772.1 8.1% Multifamily 671.3 7.0% Retail 583.4 6.1% Office 314.5 3.3% Office - Medical 47.0 0.5% Hospitality 180.3 1.9% $9.6B Industrial Distr./Warehou

  16. Slide 16: CRE Portfolio: Office

    3Q 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

    3Q 2026 Earnings Release Webcast Presentation APPENDIX 17

  18. Slide 18: Non-GAAP Measures

    3Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Operating Revenue 3Q26 2Q26 1Q26 4Q25 3Q25 Net Interest Income $116.3 $112.4 $109.0 $113.2 $111.1 Tax equivalent adjustment 0.4 0.4 0.3 0.4 0.4 Net Interest Income (FTE) 116.7 112.8 109.3 113.6 111.5 Noninterest Income (Reported) 26.7 2

  19. Slide 19: Non-GAAP Measures

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

  20. Slide 20: Non-GAAP Measures

    3Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Tangible Common Equity / Tangible Assets (Tangible Common Equity Ratio) 3Q26 2Q26 1Q26 4Q25 3Q25 Total Equity $1,484 $1,569 $1,552 $1,554 $1,542 Less: Intangible assets 399 398 399 400 401 Less: Preferred stock 0 0 0 0 0 Tangible Common

  21. Slide 21: Non-GAAP Measures

    3Q 2026 Earnings Release Webcast Presentation NON-GAAP MEASURES Core Return on Average Tangible Common Equity (%) 3Q26 2Q26 1Q26 4Q25 3Q25 Average Equity $1,559 $1,563 $1,562 $1,550 $1,531 Less: Average intangible assets 398 399 400 401 402 Average Tangible Common Equity $1,160 $1,165 $1,163 $1,149

First Commonwealth Financial — Q3 2026 Earnings Presentation on 6ix