FIRST COMMONWEALTH FINANCIAL CORP /PA/

First Commonwealth Financial Corporation's Board of Directors approved several amendments to its By-Laws on July 28, 2026. Key changes include incorporating requirements for electronic shareholder meetings and updating disclosure requirements for advance notice of nominations. Shareholders wishing to nominate directors must now solicit proxies from holders representing at least 67% of the voting power, in compliance with Exchange Act Rule 14a-19.

First Commonwealth Financial Corporation announced strong financial results for the second quarter of 2026, with GAAP net income rising to $44.6 million and diluted earnings per share reaching $0.44. These figures represent significant increases compared to both the prior quarter and the second quarter of 2025. The company also reported an expanded net interest margin of 4.01% and an improved core efficiency ratio of 52.24%. Additionally, the Board of Directors authorized a new $75.0 million share repurchase program and declared an increased quarterly dividend of $0.14 per share.

First Commonwealth Financial Corporation announced it will release its second quarter 2026 financial results after the market closes on Tuesday, July 28, 2026. The company will host a conference call and webcast to discuss these results on Wednesday, July 29, 2026, at 2:00 p.m. Eastern Time. The call will feature President and CEO T. Michael Price, along with other key executives.

First Commonwealth Financial Corporation reported Q1 2026 net income of $37.5 million, or $0.37 per diluted share, a decrease from the prior quarter but an increase year-over-year. The net interest margin was 3.92%, down 6 basis points sequentially. The company's Board authorized a 3.7% increase in the quarterly cash dividend and repurchased 1.28 million shares. Total provision for credit losses rose to $10.7 million, primarily due to increased reserves for individually analyzed commercial credits.

First Commonwealth Financial Corporation announced the appointment of Ryan L. Gorney as Executive Vice President and Chief Information Officer, effective April 27, 2026. Gorney, an experienced financial services technology executive with over two decades of leadership, will replace Norm Montgomery, who retires on May 1. He will report to CEO T. Michael Price and join the executive leadership team. Notably, Ryan Gorney is the son of Jon L. Gorney, the company's Board Chair.

First Commonwealth Financial Corporation announced it will release its First Quarter 2026 financial results before the market opens on Tuesday, April 28, 2026. The company will host a conference call on Wednesday, April 29, 2026, at 2:00 p.m. Eastern Time to discuss these results. The call will feature President and CEO T. Michael Price, along with other key executives, and will be accessible via webcast and phone.