First Commonwealth Financial (First Commonwealth Financial) Total Assets : $11,459.5 Mil (As of Dec. 2023)

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What is First Commonwealth Financial Total Assets?

First Commonwealth Financial's Total Assets for the quarter that ended in Dec. 2023 was $11,459.5 Mil.

Warning Sign:

If a company builds assets at 8% a year, faster than its revenue growth rate of 6.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, First Commonwealth Financial's average Total Assets Growth Rate was 15.80% per year. During the past 3 years, the average Total Assets Growth Rate was 9.30% per year. During the past 5 years, the average Total Assets Growth Rate was 8.00% per year. During the past 10 years, the average Total Assets Growth Rate was 7.50% per year.

During the past 13 years, First Commonwealth Financial's highest 3-Year average Total Assets Growth Rate was 20.40%. The lowest was -10.00%. And the median was 6.30%.

Total Assets is connected with ROA %. First Commonwealth Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 1.57%. Total Assets is also linked to Revenue through Asset Turnover. First Commonwealth Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

First Commonwealth Financial Total Assets Historical Data

The historical data trend for First Commonwealth Financial's Total Assets 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 Total Assets Chart

First Commonwealth Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,308.77

9,068.10

9,545.09

9,805.67

11,459.49

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
Total Assets	Get a 7-Day Free Trial															11,113.75	11,318.60	11,421.99	11,459.49	11,694.41

First Commonwealth Financial Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Commonwealth Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1314.274	+	10145.214
	=	11,459.5

First Commonwealth Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1314.274	+	10145.214
	=	11,459.5

First Commonwealth Financial (NYSE:FCF) Total Assets Explanation

Total Assets is connected with ROA %.

First Commonwealth Financial's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	179.308	/	( (11421.988	+	11459.488)	/ 2 )
	=	179.308	/	11440.738
	=	1.57 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Commonwealth Financial's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	120.034	/	( (11421.988	+	11459.488)	/ 2 )
=	120.034	/	11440.738
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Commonwealth Financial Total Assets Related Terms

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First Commonwealth Financial (First Commonwealth Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Commonwealth Financial Corp (NYSE:FCF) » Definitions » Total Assets

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