First Commonwealth Financial (First Commonwealth Financial) Credit Losses Provision : $11.0 Mil (As of Dec. 2023)

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What is First Commonwealth Financial Credit Losses Provision?

First Commonwealth Financial's credit losses provision for the three months ended in Dec. 2023 was $-1.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $11.0 Mil.

First Commonwealth Financial's quarterly credit losses provision increased from Jun. 2023 ($2.8 Mil) to Sep. 2023 ($5.9 Mil) but then declined from Sep. 2023 ($5.9 Mil) to Dec. 2023 ($-1.9 Mil).

First Commonwealth Financial's annual credit losses provision increased from Dec. 2021 ($-1.4 Mil) to Dec. 2022 ($21.1 Mil) but then declined from Dec. 2022 ($21.1 Mil) to Dec. 2023 ($14.8 Mil).

First Commonwealth Financial Credit Losses Provision Historical Data

The historical data trend for First Commonwealth Financial's Credit Losses Provision 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.

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First Commonwealth Financial Credit Losses Provision Chart

First Commonwealth Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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14.53

56.72

-1.38

21.11

14.81

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
Credit Losses Provision	Get a 7-Day Free Trial															8.00	2.79	5.89	-1.87	4.24

First Commonwealth Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.0 Mil.

First Commonwealth Financial (First Commonwealth Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Commonwealth Financial Corp (NYSE:FCF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

FCF:Germany

Address

601 Philadelphia Street, Indiana, PA, USA, 15701

Website

https://www.fcbanking.com

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