EX-12.1 4 d540636dex121.htm EX-12.1

EX-12.1

EXHIBIT 12.1

First Commonwealth Financial Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges    

Dollars in thousands

		For the Six Months Ended June 30,								For the Years Ended December 31,
		2018				2017				2017				2016				2015				2014				2013
Earnings:
Income before income taxes		$	67,638			$	42,835			$	103,726			$	85,229			$	70,979			$	62,133			$	56,763
Fixed charges, excluding interest on deposits			7,583				5,790				12,654				11,328				8,402				6,347				6,405
Subtotal			75,221				48,625				116,380				96,557				79,381				68,480				63,168
Interest on deposits			8,633				4,020				9,415				7,523				7,474				12,453				15,596
Total		$	83,854			$	52,645			$	125,795			$	104,080			$	86,855			$	80,933			$	78,764
Fixed charges:
Interest on borrowed funds		$	7,446			$	5,632			$	12,355			$	11,056			$	8,121			$	6,048			$	6,111
Interest component of rental expense			137				158				299				272				281				299				294
Subtotal			7,583				5,790				12,654				11,328				8,402				6,347				6,405
Interest on deposits			8,633				4,020				9,415				7,523				7,474				12,453				15,596
Total		$	16,216			$	9,810			$	22,069			$	18,851			$	15,876			$	18,800			$	22,001
Ratio of earnings to fixed charges:
Excluding interest on deposits			9.92				8.40				9.20				8.52				9.45				10.79				9.86
Including interest on deposits			5.17				5.37				5.70				5.52				5.47				4.30				3.58