First Historical Balance Sheet
FCF Stock | USD 19.21 0.47 2.51% |
Trend analysis of First Commonwealth Financial balance sheet accounts such as Other Current Liabilities of 4.3 B or Total Current Liabilities of 4.9 B provides information on First Commonwealth's total assets, liabilities, and equity, which is the actual value of First Commonwealth to its prevalent stockholders. By breaking down trends over time using First Commonwealth balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining First Commonwealth latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Commonwealth is a good buy for the upcoming year.
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About First Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of First Commonwealth at a specified time, usually calculated after every quarter, six months, or one year. First Commonwealth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First Commonwealth and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which First currently owns. An asset can also be divided into two categories, current and non-current.
First Commonwealth Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of First Commonwealth assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in First Commonwealth books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on First Commonwealth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of First Commonwealth Financial are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Additional Paid In Capital
Additional Paid In Capital (or APIC) is an accounting term found on First Commonwealth Balance Sheet under Shareholders Equity. It is the value of the shares of the company above what they were issued it. The basic calculation is as follow: (Issue Price - Par Value) x First Commonwealth Shares Outstanding. Additional Paid In Capital is not affected by secondary trading of First Commonwealth Financial shares and does not have any impact on the value of APIC. The excess amount paid by investors over the par value of a company's shares, representing the additional capital contributed by shareholders.Most accounts from First Commonwealth's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into First Commonwealth current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Commonwealth Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, First Commonwealth's Total Current Liabilities is most likely to increase significantly in the upcoming years. The First Commonwealth's current Net Debt is estimated to increase to about 765.2 M, while Total Stockholder Equity is projected to decrease to roughly 675.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 320.6M | 553.9M | 833.9M | 886.7M | Total Assets | 9.5B | 9.8B | 11.5B | 6.4B |
First Commonwealth balance sheet Correlations
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First Commonwealth Account Relationship Matchups
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First Commonwealth balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.3B | 9.1B | 9.5B | 9.8B | 11.5B | 6.4B | |
Short Long Term Debt Total | 436.0M | 350.6M | 320.6M | 553.9M | 833.9M | 886.7M | |
Other Current Liab | (201.9M) | (117.4M) | (138.3M) | (372.7M) | 4.1B | 4.3B | |
Total Current Liabilities | 201.9M | 117.4M | 138.3M | 285M | 4.7B | 4.9B | |
Total Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 675.3M | |
Property Plant And Equipment Net | 137.3M | 125.5M | 120.8M | 115.1M | 121.0M | 71.5M | |
Net Debt | 314.2M | (6.0M) | (74.8M) | 399.7M | 686.9M | 765.2M | |
Retained Earnings | 577.3M | 596.6M | 691.3M | 774.9M | 881.1M | 925.2M | |
Cash | 121.9M | 356.6M | 395.4M | 154.2M | 147.0M | 121.5M | |
Non Current Assets Total | 1.7B | 1.6B | 2.0B | 1.7B | 12.9B | 13.5B | |
Non Currrent Assets Other | (31.3M) | (40.0M) | (39.4M) | (77.8M) | (2.1B) | (2.0B) | |
Other Assets | 5.6B | 6.2B | 6.1B | 7.2B | (1.7B) | (1.6B) | |
Cash And Short Term Investments | 1.0B | 1.2B | 1.4B | 916.9M | 147.0M | 139.6M | |
Common Stock Shares Outstanding | 98.6M | 97.8M | 95.8M | 93.9M | 101.8M | 84.5M | |
Liabilities And Stockholders Equity | 8.3B | 9.1B | 9.5B | 9.8B | 11.5B | 6.4B | |
Non Current Liabilities Total | 234.2M | 233.3M | 182.3M | 285M | 5.5B | 5.8B | |
Other Stockholder Equity | 358.8M | 340.9M | 313.0M | 301.0M | 421.3M | 221.0M | |
Total Liab | 7.3B | 8.0B | 8.4B | 8.8B | 10.2B | 5.7B | |
Property Plant And Equipment Gross | 137.3M | 125.5M | 291.1M | 294.9M | 312.3M | 327.9M | |
Total Current Assets | 1.0B | 1.2B | 1.4B | 916.9M | 294.4M | 279.7M | |
Short Term Debt | 201.9M | 117.4M | 138.3M | 372.7M | 604.4M | 538.6M | |
Accumulated Other Comprehensive Income | 5.6M | 17.2M | (8.8M) | (137.7M) | (111.8M) | (106.2M) | |
Other Liab | 65.1M | 210.2M | 132.6M | 59.8M | 68.7M | 65.2M | |
Accounts Payable | 6.7B | 7.4B | 8.0B | 8.0B | 9.2B | 5.3B | |
Long Term Debt | 234.2M | 233.3M | 182.3M | 181.2M | 181.9M | 270.8M | |
Short Term Investments | 919.1M | 843.5M | 1.1B | 789.1M | (1.3B) | (1.3B) | |
Inventory | 2.2M | 1.8M | 1.0M | 534K | 614.1K | 583.4K | |
Treasury Stock | (130.9M) | (134.9M) | (153.8M) | (183.2M) | (164.8M) | (156.6M) | |
Property Plant Equipment | 139.5M | 126.7M | 121.4M | 115.1M | 132.4M | 86.0M | |
Other Current Assets | 124.1M | 357.8M | 396.0M | 154.8M | 147.4M | 140.0M | |
Intangible Assets | 16.4M | 13.5M | 11.2M | 9.2M | 22.8M | 24.0M | |
Net Tangible Assets | 736.0M | 751.8M | 794.9M | 742.6M | 853.9M | 707.5M | |
Retained Earnings Total Equity | 511.4M | 577.3M | 596.6M | 691.3M | 794.9M | 490.2M | |
Long Term Debt Total | 234.2M | 233.3M | 182.3M | 181.2M | 163.1M | 142.1M | |
Capital Surpluse | 493.7M | 494.7M | 496.1M | 497.4M | 572.0M | 471.1M | |
Long Term Investments | 6.5B | 7.1B | 1.6B | 1.3B | 1.5B | 1.4B | |
Non Current Liabilities Other | 48.0M | 139.5M | 210.2M | 132.6M | 152.5M | 90.2M |
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When determining whether First Commonwealth is a strong investment it is important to analyze First Commonwealth's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Commonwealth's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Commonwealth Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Commonwealth. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Commonwealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 0.515 | Earnings Share 1.48 | Revenue Per Share 4.475 | Quarterly Revenue Growth (0.05) |
The market value of First Commonwealth is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Commonwealth's value that differs from its market value or its book value, called intrinsic value, which is First Commonwealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Commonwealth's market value can be influenced by many factors that don't directly affect First Commonwealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Commonwealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Commonwealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Commonwealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.