First Commonwealth Financial : 2025 D.A. Davidson Financial Institutions Conference

Published: 2025-05-07 11:33:07 ET FCF

Published on 05/07/2025 at 11:33

NYSE: FCF

1Q 2025 Investor Relations Discussion Materials

FCF Branches (124) FCF Mortgage LPO (3)

FCF Commercial LPO (4)

Diversified community bank with 124 retail branches in Pennsylvania and Ohio

Active in five major metro markets:

Pittsburgh, PA

Harrisburg, PA

Columbus, OH

Cincinnati, OH

As of March 31, 2025, unless noted

Cleveland, OH

Total Assets: $11.8 billion

Total Gross Loans: $9.1 billion

Total Deposits: $9.8 billion

Market Cap: $1.5 billion

(as of April 25, 2025)

Well balanced franchise built to enable profitable growth

Historically low cost of funds, driven by a high mix of core deposits

Cohesive leadership team with an ability to execute

Diversified loan portfolio, balanced between commercial vs. consumer and fixed vs. variable

Diversified geography across Pennsylvania and Ohio

Diversified revenue streams and product mix, with ~19% of revenue from fee income sources (including trust, brokerage, insurance, mortgage and SBA lending)

Well-developed suite of digital products have enhanced customer satisfaction and enabled new channels for customers to do business with us

Strong capital ratios (11.8% CET-1(1)) and strong organic capital generation

Protecting and enhancing shareholder value

Strong credit culture, increased granularity and reduced concentration risk and out-of-market exposures since the last credit cycle

Thoughtful balance of share repurchases and strategic M&A to optimize TBV

Proven ability to execute and deliver positive operating leverage

Completed six acquisitions since 2015; 10.5% Core EPS CAGR from 2015-2024

Completed 20% reduction of branch facilities in December 2020

Redeploying cost savings into digital transformation (e.g., Treasury Management, Banno Digital Platform, Zelle) and revenue-generating growth

Strong history of cost containment

Maintaining a risk and governance culture aligned with expectations of long-term stakeholders

(1) Reflects bank level, regulatory data as of March 31, 2025

Growth

Drivers

Enhance growth in small, middle-market, and up-market C&I segments

Improve small business growth through the regional model

Use the regional model to boost deposit gathering (including public funds), and improve RM and branch manager business deposit efforts

Expanding

Capabilities

Restart mortgage but minimize balance sheet impact; increase indirect auto and explore selling production

Use treasury management to deepen relationships while enhancing fee income

Leverage data for comprehensive consumer lending and enhance cross-selling of fee-based services

Disclaimer

First Commonwealth Financial Corporation published this content on May 07, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 15:32 UTC.