FCF FY 2024 Earnings Report — First Commonwealth Financial Corporation Revenue & Financial Results | Market Cap Arena

First Commonwealth Financial CorporationFCF

FY 2024 Earnings

Reported March 3, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$700M	—	$627M	—	11.7%
Op. Income	$178M	—	$198M	—	-9.8%
Gross Margin	64.2%	—	74.6%	—	-10.4pp
Net Margin	20.4%	—	25.1%	—	-4.7pp
EPS (Diluted)	$1.39	—	$1.54	—	-9.7%
Free Cash Flow	$114M	—	$129M	—	-11.5%

Revenue Flow

Item	Amount
REVENUE	$700M
Cost of Revenue	$251M
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$155M
SG&A Expenses	$161M
Other Expenses	$110M
Operating Expenses	$271M
Cost & Expenses	$521M
OPERATING INCOME	$178M
Interest Income	$598M
Interest Expense	$222M
Other Income/Expenses	$0
INCOME BEFORE TAX	$178M
Income Tax Expense	$36M
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$6M
EBIT	$178M
EBITDA	$184M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$700M
Cost of Revenue	$251M
GROSS PROFIT	$449M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$155M
SG&A Expenses	$161M
Other Expenses	$110M
Operating Expenses	$271M
Cost & Expenses	$521M
OPERATING INCOME	$178M
Interest Income	$598M
Interest Expense	$222M
Other Income/Expenses	$0
INCOME BEFORE TAX	$178M
Income Tax Expense	$36M
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$6M
EBIT	$178M
EBITDA	$184M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$143M
Depreciation & Amortization	$6M
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	-$26M
Change in Working Capital	$4M
OPERATING CASH FLOW	$129M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$493M
Sales/Maturities of Investments	$377M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$122M
Net Debt Issuance	-$442M
Common Stock Repurchased	-$13M
Common Dividends Paid	-$53M
Other Financing Activities	$486M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$114M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$1.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$116M
Goodwill	$364M
Intangible Assets	$20M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	$451M
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$11.6B
Account Payables	$0
Short-Term Debt	$80M
Deferred Revenue	$0
Other Current Liabilities	$9.7B
TOTAL CURRENT LIABILITIES	$9.8B
Long-Term Debt	$258M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$159M
TOTAL NON-CURRENT LIABILITIES	$422M
TOTAL LIABILITIES	$10.2B
Common Stock	$124M
Additional Paid-In Capital	$631M
Retained Earnings	$971M
Treasury Stock	-$218M
Accum. Other Comp. Income	-$103M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$11.6B
Total Debt	$343M
Net Debt	$210M