First Commonwealth Financial (FCF) - Net Assets
Based on the latest financial reports, First Commonwealth Financial (FCF) has net assets worth $1.55 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.34 Billion) and total liabilities ($10.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is First Commonwealth Financial's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.55 Billion |
| % of Total Assets | 12.59% |
| Annual Growth Rate | 6.93% |
| 5-Year Change | 40.11% |
| 10-Year Change | 107.27% |
| Growth Volatility | 10.37 |
First Commonwealth Financial - Net Assets Trend (1992–2025)
This chart illustrates how First Commonwealth Financial's net assets have evolved over time, based on quarterly financial data. See FCF defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for First Commonwealth Financial (1992–2025)
The table below shows the annual net assets of First Commonwealth Financial from 1992 to 2025. For live valuation and market cap data, see how much is First Commonwealth Financial worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.55 Billion | +10.62% |
| 2024-12-31 | $1.41 Billion | +6.92% |
| 2023-12-31 | $1.31 Billion | +24.92% |
| 2022-12-31 | $1.05 Billion | -5.16% |
| 2021-12-31 | $1.11 Billion | +3.81% |
| 2020-12-31 | $1.07 Billion | +1.23% |
| 2019-12-31 | $1.06 Billion | +8.23% |
| 2018-12-31 | $975.39 Million | +9.83% |
| 2017-12-31 | $888.13 Million | +18.43% |
| 2016-12-31 | $749.93 Million | +4.22% |
| 2015-12-31 | $719.55 Million | +0.47% |
| 2014-12-31 | $716.14 Million | +0.62% |
| 2013-12-31 | $711.70 Million | -4.60% |
| 2012-12-31 | $746.01 Million | -1.65% |
| 2011-12-31 | $758.54 Million | +1.17% |
| 2010-12-31 | $749.78 Million | +17.37% |
| 2009-12-31 | $638.81 Million | -2.14% |
| 2008-12-31 | $652.78 Million | +14.77% |
| 2007-12-31 | $568.79 Million | -0.45% |
| 2006-12-31 | $571.36 Million | +9.66% |
| 2005-12-31 | $521.04 Million | -2.06% |
| 2004-12-31 | $531.98 Million | +23.44% |
| 2003-12-31 | $430.95 Million | +7.36% |
| 2002-12-31 | $401.39 Million | +8.46% |
| 2001-12-31 | $370.07 Million | +10.75% |
| 2000-12-31 | $334.16 Million | +16.55% |
| 1999-12-31 | $286.70 Million | -19.33% |
| 1998-12-31 | $355.40 Million | +0.31% |
| 1997-12-31 | $354.30 Million | +35.54% |
| 1996-12-31 | $261.40 Million | +3.61% |
| 1995-12-31 | $252.30 Million | +12.08% |
| 1994-12-31 | $225.10 Million | +20.70% |
| 1993-12-31 | $186.50 Million | +9.45% |
| 1992-12-31 | $170.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Commonwealth Financial's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.55 Billion | 100.00% |
| Total Equity | $1.55 Billion | 100.00% |
First Commonwealth Financial Competitors by Market Cap
The table below lists competitors of First Commonwealth Financial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NCC AB (publ)
ST:NCC-B
|
$1.91 Billion |
|
Stellar Bancorp, Inc.
NYSE:STEL
|
$1.91 Billion |
|
Aarti Industries Limited
NSE:AARTIIND
|
$1.91 Billion |
|
Telecom Argentina
BA:TECO2
|
$1.91 Billion |
|
Ningxia Jiaze Renewables Corp
SHG:601619
|
$1.91 Billion |
|
Guangdong Mingyang Electric Co. Ltd. A
SHE:301291
|
$1.90 Billion |
|
Newell Rubbermaid Inc.
NASDAQ:NWL
|
$1.90 Billion |
|
ADMA Biologics Inc
NASDAQ:ADMA
|
$1.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Commonwealth Financial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,405,165,000 to 1,554,376,000, a change of 149,211,000 (10.6%).
- Net income of 152,302,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 102,514,000.
- Other factors decreased equity by 105,605,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $152.30 Million | +9.8% |
| Other Comprehensive Income | $102.51 Million | +6.6% |
| Other Changes | $-105.61 Million | -6.79% |
| Total Change | $- | 10.62% |
Book Value vs Market Value Analysis
This analysis compares First Commonwealth Financial's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.56x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $5.49 | $19.53 | x |
| 1993-12-31 | $5.00 | $19.53 | x |
| 1994-12-31 | $5.02 | $19.53 | x |
| 1995-12-31 | $5.73 | $19.53 | x |
| 1996-12-31 | $5.89 | $19.53 | x |
| 1997-12-31 | $8.04 | $19.53 | x |
| 1998-12-31 | $5.74 | $19.53 | x |
| 1999-12-31 | $4.73 | $19.53 | x |
| 2000-12-31 | $5.80 | $19.53 | x |
| 2001-12-31 | $6.37 | $19.53 | x |
| 2002-12-31 | $6.83 | $19.53 | x |
| 2003-12-31 | $7.26 | $19.53 | x |
| 2004-12-31 | $7.98 | $19.53 | x |
| 2005-12-31 | $7.48 | $19.53 | x |
| 2006-12-31 | $8.03 | $19.53 | x |
| 2007-12-31 | $7.79 | $19.53 | x |
| 2008-12-31 | $8.75 | $19.53 | x |
| 2009-12-31 | $7.55 | $19.53 | x |
| 2010-12-31 | $8.04 | $19.53 | x |
| 2011-12-31 | $7.24 | $19.53 | x |
| 2012-12-31 | $7.18 | $19.53 | x |
| 2013-12-31 | $7.33 | $19.53 | x |
| 2014-12-31 | $7.69 | $19.53 | x |
| 2015-12-31 | $8.05 | $19.53 | x |
| 2016-12-31 | $8.43 | $19.53 | x |
| 2017-12-31 | $9.11 | $19.53 | x |
| 2018-12-31 | $9.80 | $19.53 | x |
| 2019-12-31 | $10.71 | $19.53 | x |
| 2020-12-31 | $10.93 | $19.53 | x |
| 2021-12-31 | $11.58 | $19.53 | x |
| 2022-12-31 | $11.21 | $19.53 | x |
| 2023-12-31 | $12.91 | $19.53 | x |
| 2024-12-31 | $13.75 | $19.53 | x |
| 2025-12-31 | $15.00 | $19.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Commonwealth Financial utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.88%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.94x
- Recent ROE (9.80%) is above the historical average (9.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 12.09% | 14.63% | 0.08x | 10.49x | $3.56 Million |
| 1993 | 12.44% | 16.13% | 0.07x | 10.48x | $4.55 Million |
| 1994 | 12.75% | 16.33% | 0.08x | 10.37x | $6.19 Million |
| 1995 | 10.11% | 13.70% | 0.08x | 9.37x | $270.00K |
| 1996 | 14.23% | 14.63% | 0.10x | 9.89x | $11.06 Million |
| 1997 | 11.15% | 14.09% | 0.08x | 10.35x | $4.07 Million |
| 1998 | 9.40% | 10.72% | 0.08x | 11.53x | $-2.14 Million |
| 1999 | 18.49% | 16.04% | 0.08x | 15.14x | $24.33 Million |
| 2000 | 14.14% | 13.67% | 0.08x | 13.08x | $13.83 Million |
| 2001 | 13.56% | 14.34% | 0.08x | 12.39x | $13.18 Million |
| 2002 | 10.84% | 13.88% | 0.07x | 11.27x | $3.39 Million |
| 2003 | 12.37% | 18.24% | 0.06x | 12.04x | $10.21 Million |
| 2004 | 7.27% | 11.87% | 0.05x | 11.65x | $-14.55 Million |
| 2005 | 11.10% | 15.96% | 0.06x | 11.57x | $5.73 Million |
| 2006 | 9.27% | 14.03% | 0.06x | 10.58x | $-4.18 Million |
| 2007 | 8.13% | 12.17% | 0.06x | 10.34x | $-10.63 Million |
| 2008 | 6.60% | 11.24% | 0.06x | 9.84x | $-22.19 Million |
| 2009 | -3.14% | -5.75% | 0.05x | 10.09x | $-83.95 Million |
| 2010 | 3.06% | 7.24% | 0.05x | 7.75x | $-52.00 Million |
| 2011 | 2.01% | 5.28% | 0.05x | 7.70x | $-60.58 Million |
| 2012 | 5.62% | 14.75% | 0.05x | 8.04x | $-32.65 Million |
| 2013 | 5.83% | 15.56% | 0.04x | 8.73x | $-29.69 Million |
| 2014 | 6.21% | 16.90% | 0.04x | 8.88x | $-27.16 Million |
| 2015 | 6.97% | 18.89% | 0.04x | 9.13x | $-21.81 Million |
| 2016 | 7.95% | 21.12% | 0.04x | 8.91x | $-15.40 Million |
| 2017 | 6.21% | 16.67% | 0.05x | 8.23x | $-33.65 Million |
| 2018 | 11.02% | 28.22% | 0.05x | 8.03x | $9.96 Million |
| 2019 | 9.98% | 25.64% | 0.05x | 7.87x | $-233.50K |
| 2020 | 6.87% | 18.56% | 0.04x | 8.49x | $-33.41 Million |
| 2021 | 12.46% | 34.51% | 0.04x | 8.60x | $27.32 Million |
| 2022 | 12.18% | 29.90% | 0.04x | 9.32x | $22.97 Million |
| 2023 | 11.95% | 25.07% | 0.05x | 8.72x | $25.64 Million |
| 2024 | 10.15% | 20.38% | 0.06x | 8.24x | $2.06 Million |
| 2025 | 9.80% | 20.88% | 0.06x | 7.94x | $-3.14 Million |
Industry Comparison
This section compares First Commonwealth Financial's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $545,762,800
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Commonwealth Financial (FCF) | $1.55 Billion | 12.09% | 6.94x | $1.91 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $80.66 Million | 12.52% | 9.24x | $5.85 Billion |
| ACNB Corporation (ACNB) | $62.69 Million | 13.30% | 9.05x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $168.78 Million | 8.32% | 11.15x | $736.27 Million |
| Amalgamated Bank (AMAL) | $585.36 Million | 15.03% | 12.62x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $371.19 Million | 13.43% | 9.85x | $622.98 Million |
| Associated Banc-Corp (ASB) | $2.94 Billion | 6.41% | 8.44x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $97.98 Million | 7.93% | 10.85x | $62.43 Million |
About First Commonwealth Financial
First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking products and services in the United States. The company's consumer services include internet, mobile, and telephone banking; an automated teller machine network; personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money ma… Read more