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First Commonwealth Financial (First Commonwealth Financial) Return-on-Tangible-Asset : 1.34% (As of Mar. 2024)


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What is First Commonwealth Financial Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. First Commonwealth Financial's annualized Net Income for the quarter that ended in Mar. 2024 was $150.2 Mil. First Commonwealth Financial's average total tangible assets for the quarter that ended in Mar. 2024 was $11,190.8 Mil. Therefore, First Commonwealth Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 1.34%.

The historical rank and industry rank for First Commonwealth Financial's Return-on-Tangible-Asset or its related term are showing as below:

FCF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.73   Med: 1.14   Max: 1.54
Current: 1.49

During the past 13 years, First Commonwealth Financial's highest Return-on-Tangible-Asset was 1.54%. The lowest was 0.73%. And the median was 1.14%.

FCF's Return-on-Tangible-Asset is ranked better than
77.8% of 1464 companies
in the Banks industry
Industry Median: 0.9 vs FCF: 1.49

First Commonwealth Financial Return-on-Tangible-Asset Historical Data

The historical data trend for First Commonwealth Financial's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Commonwealth Financial Return-on-Tangible-Asset Chart

First Commonwealth Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 0.88 1.54 1.37 1.53

First Commonwealth Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.58 1.43 1.62 1.34

Competitive Comparison of First Commonwealth Financial's Return-on-Tangible-Asset

For the Banks - Regional subindustry, First Commonwealth Financial's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Commonwealth Financial's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Commonwealth Financial's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where First Commonwealth Financial's Return-on-Tangible-Asset falls into.



First Commonwealth Financial Return-on-Tangible-Asset Calculation

First Commonwealth Financial's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=157.063/( (9493.133+11072.953)/ 2 )
=157.063/10283.043
=1.53 %

First Commonwealth Financial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=150.196/( (11072.953+11308.663)/ 2 )
=150.196/11190.808
=1.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data.


First Commonwealth Financial  (NYSE:FCF) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


First Commonwealth Financial Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of First Commonwealth Financial's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


First Commonwealth Financial (First Commonwealth Financial) Business Description

Traded in Other Exchanges
Address
601 Philadelphia Street, Indiana, PA, USA, 15701
First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products through the Bank. The company earns the majority of its revenue through net interest income.
Executives
Carrie L Riggle officer: EVP/Human Resources 601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley director 22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic director 601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb officer: EVP/Chief Risk Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Brian G Karrip officer: EVP/Chief Credit Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery officer: EVP/Business Integration 601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske officer: EVP/Chief Financial Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi officer: EVP/Chief Audit Executive 601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price director, officer: President & CEO 601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura director 601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus director 601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc director, officer: EVP/Chief Revenue Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe director 601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant director 601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield director 601 PHILADELHIA STREET, INDIANA PA 15701

First Commonwealth Financial (First Commonwealth Financial) Headlines