First Commonwealth CFO Sells 2,072 Shares for $42.5K
James R. Reske, Executive Vice President and Chief Financial Officer of First Commonwealth Financial Corp (ticker FCF), reported disposing of 2,072 shares of the company’s common stock on October 5, 2026. The transactions generated proceeds of $42,512, with share prices ranging between $20.50 and $20.54 per share. These sales were executed under a pre‑established trading plan that was adopted on March 20, 2025.
Following the disposition, Mr. Reske directly holds 70,988 shares of First Commonwealth common stock. In addition, he beneficially owns Restricted Stock Units (RSUs) awarded in 2024, 2025 and 2026. Specifically, he holds 8,000 RSUs from the 2024 award, 7,300 RSUs from the 2025 award, and 6,850 RSUs from the 2026 award, totaling 22,150 RSUs. The RSUs are service‑based units convertible on a one‑for‑one basis into common shares at the end of their respective three‑year vesting periods and were not part of the reported sales.
At the time of reporting, First Commonwealth’s stock was trading at $19.89 per share, giving the company a market capitalization of approximately $2 billion and a price‑to‑earnings multiple of 12.16. Over the preceding twelve‑month period, the stock delivered a total return of 27%. The company has a long‑standing dividend record, having paid dividends for 40 consecutive years, with the current dividend yield standing at 2.82%.
In related news, First Commonwealth Financial announced its second‑quarter 2026 results, which modestly exceeded Wall Street expectations. Adjusted earnings were $0.44 per share on revenue of $139.43 million, compared with analyst forecasts of $0.43 per share and $137.44 million in revenue. Management attributed the beat to wider lending margins, lower deposit costs, and tighter expense control, and reiterated a positive outlook for future buybacks, loan growth, and fee‑income generation.