First Commonwealth Financial Corporation Financial Ratios — FCF

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	2.03	5.58	5.69	6.23	6.99	8.11	6.74	11.54	10.37	6.91	12.7	11.86	13.27	10.49	10.29
Return on Assets (%)	0.26	0.71	0.68	0.71	0.78	0.9	0.79	1.42	1.31	0.85	1.49	1.32	1.48	1.24	1.27
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.65	3.11	4.53	5.61	3.06	2.7	2.91	2.36	2.92	3.21	2.97	2.57	0.85	1.19	1.27
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	6.02	22.26	23.19	25.41	28.41	32.33	33.56	38.95	36.82	24.87	44.85	38.98	40.96	37.27	36.59
Profit Margin (%)	6.17	16.49	16.94	18.18	20.07	22.6	17.85	31.54	29.64	20.25	35.88	31.19	32.57	29.82	29.13
Net Income to Common Margin (%)	6.17	16.49	16.94	18.18	20.07	22.6	17.85	31.54	29.64	20.25	35.88	31.19	32.57	29.82	29.13
Effective Tax Rate (%)	- -	25.89	26.92	28.46	29.36	30.08	46.82	19.04	19.5	18.58	20	19.98	20.5	20	20.41
Dvd Payout Ratio (%)	82.22	44.71	53.86	58.88	50.03	41.8	55.31	32.42	37.4	58.52	31.54	34.78	32.35	36.9	36.43
Sustainable Growth Rate (%)	0.36	3.08	2.63	2.56	3.49	4.72	3.01	7.8	6.49	2.87	8.69	7.74	8.98	6.62	6.54

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	291	458	695	1,107	1,481	829	655	750	370	233	182	466	750	318	387
ST Debt	84	178	478	945	1,400	748	568	565	136	- -	- -	285	563	55	125
LT Debt	207	280	217	162	81	81	88	185	234	233	182	181	187	263	262
Total Debt/EBITDA	32.29	57.93	62.64	80.65	193.91	116.49	72.85	93.22	35.72	20.02	15.93	44.18	182.69	55.9	58.37
Net Debt/EBITDA	23.59	44.91	55.65	75.22	184.82	100.23	60.08	80.03	23.31	-11.13	-19.14	29.05	145.68	31.69	30.59
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	12.99	12.44	11.45	11.26	10.96	11.22	12.15	12.46	12.71	11.78	11.62	10.73	11.47	12.13	12.59
Long-Term Debt/Equity (%)	27.34	37.56	30.43	22.57	11.32	10.79	9.9	18.97	22.18	21.83	16.43	17.23	14.21	18.72	16.84
Long-Term Debt/Capital (%)	19.75	23.27	15.4	8.87	3.7	5.13	5.7	10.73	16.42	17.92	14.11	11.94	9.05	15.26	13.48
Long-Term Debt/Total Assets (%)	3.55	4.67	3.48	2.54	1.24	1.21	1.2	2.36	2.82	2.57	1.91	1.85	1.63	2.27	2.12
Total Debt/Equity (%)	38.42	61.44	97.61	154.53	205.89	110.53	73.8	76.9	35.09	21.83	16.43	44.31	57.05	22.63	24.88
Total Debt/Capital (%)	27.75	38.06	49.39	60.71	67.31	52.5	42.46	43.47	25.97	17.92	14.11	30.71	36.32	18.45	19.92
Total Debt/Total Assets (%)	4.99	7.64	11.18	17.4	22.56	12.4	8.97	9.58	4.46	2.57	1.91	4.75	6.54	2.74	3.13
Net Debt to Equity	28.07	47.63	86.72	144.12	196.24	95.11	60.86	66.01	22.9	-12.14	-19.74	29.14	45.49	12.83	13.04
Net Debt/Capital (%)	21.92	32.26	46.45	59.04	66.24	48.75	37.64	39.59	18.53	-13.72	-24.44	22.47	31.19	11.34	11.51
EBITDA	9	8	11	14	8	7	9	8	10	12	11	11	4	6	7
EBITDA-CapEx	1	-2	1	3	3	- -	-3	-2	-7	4	1	-1	-18	-10	-9
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	12.99	12.44	11.45	11.26	10.96	11.22	12.15	12.46	12.71	11.78	11.62	10.73	11.47	12.13	12.59
Long-Term Debt/Equity (%)	27.34	37.56	30.43	22.57	11.32	10.79	9.9	18.97	22.18	21.83	16.43	17.23	14.21	18.72	16.84
Long-Term Debt/Capital (%)	19.75	23.27	15.4	8.87	3.7	5.13	5.7	10.73	16.42	17.92	14.11	11.94	9.05	15.26	13.48
Long-Term Debt/Total Assets (%)	3.55	4.67	3.48	2.54	1.24	1.21	1.2	2.36	2.82	2.57	1.91	1.85	1.63	2.27	2.12
Total Debt/Equity (%)	38.42	61.44	97.61	154.53	205.89	110.53	73.8	76.9	35.09	21.83	16.43	44.31	57.05	22.63	24.88
Total Debt/Capital (%)	27.75	38.06	49.39	60.71	67.31	52.5	42.46	43.47	25.97	17.92	14.11	30.71	36.32	18.45	19.92
Total Debt/Total Assets (%)	4.99	7.64	11.18	17.4	22.56	12.4	8.97	9.58	4.46	2.57	1.91	4.75	6.54	2.74	3.13
CFO/Total Liabilities	1.66	1.5	1.56	1.46	1.24	1.5	1.38	1.97	1.48	1.32	1.96	1.73	1.49	1.27	1.74
CFO/CapEx	10.11	7.73	8.9	7.48	14.89	11.92	7.62	14.09	6.19	13.88	15.51	13.51	6.84	8.33	11.66
Altman's Z-Score	0.18	0.2	0.21	0.21	0.2	0.26	0.26	0.24	0.26	0.22	0.25	0.25	0.25	0.27	0.27

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	552	679	840	846	807	1,262	1,396	1,190	1,427	1,052	1,516	1,304	1,577	1,722	1,734
- Cash & Cash Equivalents	78	103	77	75	69	116	107	99	122	357	395	154	147	133	180
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	291	458	695	1,107	1,481	829	655	750	370	233	182	466	750	318	387
Enterprise Value	-378	-136	139	568	1,332	1,197	1,212	932	773	97	262	854	1,158	759	978
Total Capital	1,050	1,204	1,406	1,823	2,201	1,579	1,544	1,725	1,426	1,302	1,292	1,518	2,064	1,723	1,941
Total Debt/Capital (%)	27.75	38.06	49.39	60.71	67.31	52.5	42.46	43.47	25.97	17.92	14.11	30.71	36.32	18.45	19.92
Total Debt / EV	-0.77	-3.36	5	1.95	1.11	0.69	0.54	0.8	0.48	2.4	0.7	0.55	0.65	0.42	0.4
EV/Sales	- -	- -	0.57	2.32	5.33	4.54	3.92	2.73	2.17	0.27	0.68	2.08	2.4	1.59	1.87
EV/EBITDA	- -	- -	12.53	41.39	174.39	168.18	134.75	115.83	74.52	8.33	22.87	80.91	282.27	133.39	147.57
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	1.62	6.91	18.31	13.41	13.73	6.89	7.18	0.92	1.59	5.64	7.68	5.86	5.21
EV/Free Cash Flow to Firm	- -	- -	1.46	6.1	17.16	12.37	12.14	6.43	6.18	0.86	1.49	5.25	6.7	5.23	4.8
Diluted Market Cap	551	709	856	859	810	1,262	1,396	1,202	1,431	1,069	1,542	1,306	1,577	1,729	1,745
Diluted Enterprise Value	764	1,064	1,473	1,891	2,222	1,975	1,944	1,853	1,679	946	1,329	1,618	2,179	1,914	1,952
EV per Share	- -	- -	1.46	6.19	14.98	13.45	12.44	9.46	7.86	1.01	2.78	9.14	11.34	7.46	9.51
TTM Sales	248	254	245	245	250	264	309	341	355	363	385	411	482	478	523
TTM EBITDA	9	8	11	14	8	7	9	8	10	12	11	11	4	6	7
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	84	79	86	82	73	89	88	135	108	106	165	151	151	129	188
TTM Free Cash Flow to Firm	92	89	95	93	78	97	100	145	125	113	176	163	173	145	204

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.96	7.97	8.97	9.22	10.44	13.04	13.97	8.3	11.44	9.44	8.78	8.03	9.12	11.93	8.57
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-378	-136	139	568	1,332	1,197	1,212	932	773	97	262	854	1,158	759	978
Low Price	3.47	5.39	6.77	7.7	7.76	7.85	12.05	11.33	11.9	6.77	10.69	12.76	11.16	12.41	13.54
EV/Sales	- -	- -	0.57	2.32	5.33	4.54	3.92	2.73	2.17	0.27	0.68	2.08	2.4	1.59	1.87
EV/EBITDA	- -	- -	12.53	41.39	174.39	168.18	134.75	115.83	74.52	8.33	22.87	80.91	282.27	133.39	147.57
Price/Earnings	36.06	16.2	20.25	19.02	16.09	21.18	25.3	11.19	13.54	14.32	10.97	10.18	10.04	12.08	11.38
Price/Earnings Average	37.07	15.31	17.63	18.14	16.12	14.62	23.8	13.92	12.5	12.53	9.63	10.59	8.71	10.95	11
Price/Earnings High	50.79	18.07	21.61	19.73	17.65	21.42	27.68	16.58	13.93	19.15	11.1	12.84	10.75	14.25	12.34
Price/Earnings Low	23.79	12.8	15.54	15.89	13.77	11.73	21.29	10.49	11.11	8.86	7.29	9.3	7.26	8.86	9.14
Price/Book Value	0.73	0.91	1.18	1.18	1.12	1.68	1.57	1.22	1.35	0.98	1.37	1.24	1.2	1.23	1.12
Price/Book Value Average	0.75	0.86	1.03	1.13	1.12	1.16	1.48	1.52	1.25	0.86	1.2	1.29	1.04	1.11	1.08
Price/Book Value High	1.02	1.02	1.26	1.22	1.23	1.7	1.72	1.81	1.39	1.32	1.38	1.56	1.28	1.45	1.21
Price/Book Value Low	0.48	0.72	0.91	0.99	0.96	0.93	1.32	1.14	1.11	0.61	0.91	1.13	0.87	0.9	0.9
Price/Tangible Book Value	0.93	1.16	1.53	1.53	1.46	2.29	2.26	1.73	1.94	1.4	1.91	1.76	1.7	1.68	1.5
Price/Tangible Book Value Average	0.95	1.1	1.33	1.46	1.46	1.58	2.13	2.15	1.79	1.22	1.68	1.84	1.47	1.53	1.45
Price/Tangible Book Value High	1.31	1.3	1.63	1.59	1.6	2.31	2.47	2.56	1.99	1.87	1.93	2.23	1.82	1.99	1.63
Price/Tangible Book Value Low	0.61	0.92	1.17	1.28	1.25	1.27	1.9	1.62	1.59	0.87	1.27	1.61	1.23	1.24	1.21
Price/Sales	2.22	2.67	3.43	3.46	3.23	4.79	4.51	3.53	4.01	2.9	3.94	3.17	3.27	3.6	3.32
Price/Sales Average	2.29	2.52	2.99	3.3	3.24	3.3	4.25	4.39	3.7	2.54	3.46	3.3	2.84	3.26	3.2
Price/Sales High	3.13	2.98	3.66	3.59	3.54	4.84	4.94	5.23	4.13	3.88	3.98	4.01	3.5	4.25	3.6
Price/Sales Low	1.47	2.11	2.63	2.89	2.76	2.65	3.8	3.31	3.29	1.79	2.61	2.9	2.36	2.64	2.66
Price/Cash Flow	6.55	8.63	9.8	10.3	11.09	14.14	15.8	8.89	13.25	9.95	9.19	8.62	10.46	13.3	9.25
Price/Cash Flow Average	6.73	8.16	8.53	9.82	11.11	9.76	14.87	11.06	12.23	8.7	8.07	8.97	9.07	12.06	8.93
Price/Cash Flow High	9.22	9.63	10.45	10.68	12.17	14.3	17.29	13.18	13.64	13.31	9.3	10.87	11.2	15.69	10.02
Price/Cash Flow Low	4.32	6.82	7.52	8.6	9.49	7.83	13.3	8.34	10.87	6.16	6.1	7.87	7.56	9.75	7.42
Price/Free Cash Flow Average	6.12	7.53	7.81	8.79	10.46	9	13.14	10.33	10.56	8.26	7.71	8.36	7.91	10.81	8.28
Price/Free Cash Flow High	8.39	8.89	9.57	9.56	11.45	13.19	15.29	12.31	11.77	12.62	8.88	10.14	9.77	14.07	9.29
Price/Free Cash Flow Low	3.93	6.3	6.89	7.7	8.93	7.22	11.76	7.78	9.38	5.84	5.83	7.34	6.6	8.75	6.88
EV/Sales Average	3.15	3.92	5.51	7.52	8.89	6.01	6.02	6.26	4.4	2.2	2.9	4.06	4.09	3.65	3.6
EV/Sales High	4	4.38	6.18	7.81	9.2	7.55	6.71	7.09	4.83	3.54	3.43	4.77	4.75	4.63	3.99
EV/Sales Low	2.33	3.51	5.16	7.11	8.42	5.36	5.57	5.18	3.99	1.45	2.06	3.66	3.61	3.03	3.06
EV/EBITDA Average	86.45	126.08	121.6	133.98	290.6	222.65	206.87	265	150.9	68.36	97.78	158.25	480.09	306.88	283.94
EV/EBITDA High	109.72	140.74	136.47	139.13	300.68	279.6	230.66	300.22	165.51	110.11	115.45	185.58	558.17	389.53	314.87
EV/EBITDA Low	63.93	112.78	113.8	126.69	275.18	198.42	191.45	219.65	136.78	45.27	69.42	142.48	424.55	254.47	241.3
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	5.26	6.82	8.82	9.22	9.07	14.18	14.32	12.08	14.51	10.94	16.09	13.97	15.44	16.92	16.86
High Price	7.41	7.61	9.41	9.56	9.95	14.34	15.67	17.91	14.93	14.63	16.28	17.63	16.53	19.96	18.28
Enterprise Value Average	780	998	1,349	1,838	2,220	1,584	1,861	2,132	1,565	797	1,119	1,670	1,970	1,746	1,881
Enterprise Value High	990	1,114	1,513	1,909	2,297	1,990	2,075	2,416	1,716	1,283	1,321	1,958	2,291	2,216	2,086
Enterprise Value Low	577	892	1,262	1,738	2,102	1,412	1,722	1,767	1,418	527	794	1,503	1,742	1,447	1,599

Shares Outstanding	105	100	95	92	89	89	97	99	98	96	94	93	102	102	103
Diluted Weighted Avg Shares	105	104	97	93	89	89	97	100	99	98	96	93	102	102	104
Basic Weighted Avg Shares	105	100	95	92	89	89	97	100	98	96	94	93	102	102	103
Revenue per Share	2.36	2.55	2.57	2.67	2.81	2.96	3.17	3.42	3.61	3.77	4.09	4.4	4.72	4.7	5.08
EBITDA per Share	0.09	0.08	0.12	0.15	0.09	0.08	0.09	0.08	0.11	0.12	0.12	0.11	0.04	0.06	0.06
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.15	0.42	0.44	0.48	0.56	0.67	0.57	1.08	1.07	0.76	1.47	1.37	1.54	1.4	1.48
Basic EPS from Cont Ops	0.15	0.42	0.44	0.48	0.56	0.67	0.57	1.08	1.07	0.76	1.47	1.37	1.54	1.4	1.48
Diluted EPS, GAAP	0.15	0.4	0.43	0.48	0.56	0.67	0.57	1.08	1.07	0.75	1.44	1.37	1.54	1.39	1.47
Diluted EPS from Cont Ops	0.15	0.4	0.43	0.48	0.56	0.67	0.57	1.08	1.07	0.75	1.44	1.37	1.54	1.39	1.47
Dividend per Share	0.12	0.19	0.23	0.29	0.28	0.28	0.31	0.35	0.4	0.45	0.46	0.48	0.5	0.52	0.54
Cash Flow per Share	0.8	0.79	0.9	0.9	0.82	1	0.91	1.36	1.09	1.1	1.75	1.62	1.48	1.27	1.82
Free Cash Flow per Basic Share	0.72	0.69	0.8	0.78	0.76	0.92	0.79	1.26	0.92	1.02	1.64	1.5	1.26	1.12	1.67
Cash & Equivalents per Share	11.64	12.79	14.65	15.09	10.75	10.05	8.61	10.23	10.42	12.36	15.25	9.82	11.44	12.59	11.11
Book Value per Share	7.23	7.49	7.47	7.81	8.09	8.43	9.11	9.9	10.74	11.12	11.77	11.27	12.87	13.81	15.11
Tangible Book Value per Share	5.67	5.86	5.78	6.03	6.23	6.2	6.34	6.98	7.49	7.82	8.43	7.92	9.09	10.04	11.22

First Commonwealth Financial Corporation