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First Commonwealth Financial FCF Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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Other financials

Income statement

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Revenue$139.4M+6.5%
Net income$44.6M+33.5%
EPS (diluted)$0.44+37.5%

Balance sheet

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Cash & equivalents$179.6M+12.2%
Total debt$307.0M-42.8%
Total equity$1.6B+3.4%
Total assets$12.2B-0.2%

Cash flow

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Operating cash flow$3.6M-88.0%
CapEx$4.0M+3.5%
Free cash flow$42.9M+50.5%

Valuation

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Market cap$2.17B+27.6%
Enterprise value$2.3B+10.7%
P/E12.9×+0.2×
P/S+0.5×

Profitability

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Net margin30.8%+3.5pp
FCF margin32.8%+9.0pp

Returns & leverage

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Return on equity10.9%+1.6pp
Debt / equity0.2×-0.2×

Where this comes from

Reported directly by First Commonwealth Financial in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: First Commonwealth Financial’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:29 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000712537-26-000030
Line itemJune 30, 2026December 31, 2025
Other real estate owned2,270990
Goodwill378,214378,214
Amortizing intangibles, net20,11322,015
Bank owned life insurance234,188233,154
Other assets194,706188,384
Total assets$12,207,826$12,343,036
Liabilities
Deposits (all domestic):

ITEM 1. Financial Statements and Supplementary Data

FAQ

What is First Commonwealth Financial's bank owned life insurance?
First Commonwealth Financial (FCF) reported bank owned life insurance of $234.19M in Q2 2026.
How has First Commonwealth Financial's bank owned life insurance changed year-over-year?
First Commonwealth Financial's bank owned life insurance increased by 1.6% year-over-year, from $230.5M to $234.19M.
What is the long-term trend for First Commonwealth Financial's bank owned life insurance?
Over 5 years (2020 to 2025), First Commonwealth Financial's bank owned life insurance has grown at a 0.6% compound annual growth rate (CAGR), from $225.95M to $233.15M.
What does bank owned life insurance mean?
The cash surrender value of life insurance policies purchased by the bank on the lives of key employees or officers. These policies are held as long-term assets to offset the costs of employee benefit plans and provide tax-advantaged income. This metric is a key indicator of the institution's strategy for managing long-term benefit liabilities.

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