First Commonwealth FinancialFCF -1.17%71 Return-on-Tangible-Equity is 13.02% as of Mar. 2026, which is 11% below its 10-year median of 14.71. GuruFocus rates FCF with a GF Score™ of 71/100 and a GF Value™ of $17.57 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,525 Banks companies, First Commonwealth Financial ranks better than 68.26% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. First Commonwealth Financial's annualized net income for the quarter that ended in Mar. 2026 was $150.2 Mil. First Commonwealth Financial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,153.8 Mil. Therefore, First Commonwealth Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.02%.
The historical rank and industry rank for First Commonwealth Financial's Return-on-Tangible-Equity or its related term are showing as below:
FCF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.44 Med: 14.71 Max: 18.84
Current: 13.96
During the past 13 years, First Commonwealth Financial's highest Return-on-Tangible-Equity was 18.84%. The lowest was 9.44%. And the median was 14.71%.
FCF's Return-on-Tangible-Equity is ranked better than 68.26% of 1525
companies
in the Banks industry
Industry Median: 11.21
vs FCF: 13.96
First Commonwealth Financial (NYSE:FCF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
First Commonwealth Financial Return-on-Tangible-Equity Related Terms
First Commonwealth Financial Return-on-Tangible-Equity Historical Data
* 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.
First Commonwealth Financial Return-on-Tangible-Equity Chart
FCF vs OFG, NBHC, STEL: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, First Commonwealth Financial's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First Commonwealth Financial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Commonwealth Financial's Return-on-Tangible-Equity falls into.
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.02% mean?
First Commonwealth Financial (FCF) has a Return-on-Tangible-Equity of 13.02% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Commonwealth Financial and its competitors. This is 11% below median its historical median of 14.71. Over the past decade, First Commonwealth Financial's Return-on-Tangible-Equity has ranged from 9.44 to 18.84. According to the industry distribution chart, First Commonwealth Financial ranks #484 out of 1525 companies in the Banks industry, placing it in the top 31.7%.
Is First Commonwealth Financial's Return-on-Tangible-Equity too high?
First Commonwealth Financial's current Return-on-Tangible-Equity of 13.02% is 11% below median its 10-year median of 14.71. Over the past 10 years, this metric has ranged from a low of 9.44 to a high of 18.84. The Banks industry median Return-on-Tangible-Equity is 11.21. First Commonwealth Financial's value of 13.02% is 16.1% above this industry median. Based on the distribution chart, First Commonwealth Financial ranks #484 out of 1525 companies in the Banks industry, which is above the industry midpoint. Overall, First Commonwealth Financial has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Commonwealth Financial's Return-on-Tangible-Equity compare to OFG and NBHC?
According to the Banks industry distribution chart, First Commonwealth Financial ranks #484 out of 1525 companies for Return-on-Tangible-Equity. This puts First Commonwealth Financial in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.21. First Commonwealth Financial's value of 13.02% is 16.1% above this benchmark. Historically, First Commonwealth Financial's own Return-on-Tangible-Equity has ranged from 9.44 to 18.84 over the past decade. While the company's 10-year median is 14.71 vs. the industry median of 11.21, First Commonwealth Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Commonwealth Financial's current Return-on-Tangible-Equity of 13.02% is 16.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Commonwealth Financial and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Commonwealth Financial's current Return-on-Tangible-Equity is 13.02%, which is 11% below median its own 10-year median of 14.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Commonwealth Financial stock overvalued right now?
Based on GuruFocus' analysis, First Commonwealth Financial (FCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.57, compared to a current price of $20.29 — trading 15.5% above its estimated fair value. The current Return-on-Tangible-Equity is 13.02%, which is 11% below median its 10-year median of 14.71 and 16.1% above the Banks industry median of 11.21. First Commonwealth Financial's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For First Commonwealth Financial (FCF), the current Return-on-Tangible-Equity is 13.02% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Commonwealth Financial (FCF) Overvalued in 2026?
Based on GuruFocus' analysis, First Commonwealth Financial stock appears to be overvalued.
The current stock price of $20.29 is trading 15.5% above its estimated GF Value™ of $17.57.
GuruFocus considers First Commonwealth Financial to be Modestly Overvalued.
Key valuation signals for FCF:
Return-on-Tangible-Equity: 13.02% (11% below median its 10-year median of 14.71)
GF Value™: $17.57 vs. price of $20.29 (15.5% above fair value)
Industry Position: 16.1% above the Banks median (#484 of 1525)
No single metric tells the full story. See the FCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company earns the majority of its revenue through net interest income.
71GF Score
Get the complete analysis for FCF
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