First Commonwealth EVP/CFO James Reske disposes of $42,512 in stock

James R. Reske, Executive Vice President and Chief Financial Officer of First Commonwealth Financial Corp (FCF), reported the sale of company common stock on October 5, 2026. Mr. Reske disposed of a total of 2,072 shares, with the transactions valued at $42,512. The shares were sold at prices ranging from $20.50 to $20.54 per share. These sales were made pursuant to a trading plan adopted on March 20, 2025.

Following these transactions, Mr. Reske directly holds 70,988 shares of First Commonwealth Financial Corp common stock.The sale comes as FCF trades at $19.89 with a market cap of $2 billion and a P/E ratio of 12.16. The stock has delivered a 27% return over the past year. According to InvestingPro analysis, the company appears fairly valued near its Fair Value estimate. InvestingPro Tips highlight that FCF has maintained dividend payments for 40 consecutive years, with a current yield of 2.82%—one of several insights available in the comprehensive Pro Research Report.

The filing also noted that Mr. Reske beneficially owns Restricted Stock Units (RSUs) awarded in 2024, 2025, and 2026. These service-based units are convertible into shares of FCF common stock on a one-for-one basis at the end of their respective three-year vesting periods. As of the reporting date, Mr. Reske 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 derivative securities. These RSU awards were not part of the reported sales.

In other recent news, First Commonwealth Financial reported second-quarter 2026 earnings that exceeded Wall Street expectations. The regional bank achieved adjusted earnings of $0.44 per share on revenue of $139.43 million. Analysts had projected earnings of $0.43 per share and revenue of $137.44 million. The slight outperformance was attributed to wider lending margins, lower deposit costs, and tighter expense control. Management’s positive outlook on buybacks, loan growth, and fee income contributed to the favorable results. These developments reflect a modest beat in both earnings and revenue for First Commonwealth. The company’s performance highlights its strategic focus on managing costs and expanding its revenue streams. Investors are closely monitoring these recent developments as they assess the bank’s future prospects.