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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
Non-PEO
NEOs and Company performance for the fiscal years listed below.
 
               
Year
  
Summary
Compensation
Table Total for
T. Michael
Price
1
($)
  
Compensation
Actually Paid
to T. Michael
Price
1,2,3
($)
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
1
($)
  
Average
Compensation
Actually Paid
to Non-PEO

NEOs
1,2,3
($)
  
Value of Initial
Fixed $100
Investment
based on:
4
  
Net Income
($ Thousands)
  
Core ROTCE
5
 
TSR
($)
  
Peer
Group
TSR
($)
2024       1,661,340       1,796,319       1,208,173       1,142,351       140.16       143.68       142,572       14.95 %
2023       1,387,155       1,692,137       866,000       1,036,214       123.66       107.32       157,063       20.86 %
2022       1,350,670       1,406,268       957,245       960,390       107.81       98.38       128,181       17.49 %
2021       1,251,199       1,599,524       859,429       1,045,870       120.20       118.61       138,257       17.98 %
2020       1,004,817       713,566       704,673       538,904       79.11       87.24       73,447       10.78 %
 
1.
T. Michael Price was our PEO for the disclosed period. Individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
     
2020
  
2021-2023
  
2024
James R. Reske   James R. Reske   James R. Reske
Jane Grebenc   Jane Grebenc   Jane Grebenc
Brian G. Karrip   Brian G. Karrip   Brian G. Karrip
Matthew C. Tomb   Norman J. Montgomery   Norman J. Montgomery
 
  
 
   Michael P. McCuen
 
2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
 
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
         
Year
   
Summary
Compensation
Table Total for T.
Michael Price
($)
   
Exclusion of
Stock Awards
and Option
Awards for T.
Michael Price
($)
   
Inclusion of
Equity Values for
T. Michael Price
($)
   
Compensation
Actually Paid to
T. Michael Price
($)
2024        1,661,340        (419,727 )        554,706        1,796,319
 
         
Year
   
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
   
Average
Exclusion of
Stock Awards
and Option
Awards for
Non-PEO

NEOs
($)
   
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
   
Average
Compensation
Actually Paid to
Non-PEO
NEOs
($)
2024        1,208,173        (345,835 )        280,013        1,142,351
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
               
Year
  
Year-End Fair

Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of
Year for
T. Michael
Price
($)
  
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
for T. Michael
Price
($)
  
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During
Year for
T. Michael
Price
($)
  
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date
of Unvested
Equity Awards
that Vested
During Year
for T. Michael
Price
($)
  
Fair Value at
Last Day of
Prior Year
of Equity
Awards
Forfeited
During
Year for
T. Michael
Price
($)
  
Value of Dividends
or Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
T. Michael Price
($)
  
Total -
Inclusion of
Equity
Values for
T. Michael
Price
($)
2024       466,177       239,454       0       (150,925 )       0       —       554,706
               
Year
  
Average Year-End

Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of Year
for
Non-PEO

NEOs
($)
  
Average Change
in Fair Value
from Last Day of
Prior Year to
Last Day of Year
of Unvested
Equity Awards
for
Non-PEO

NEOs
($)
  
Average
Vesting-Date

Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO

NEOs
($)
  
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year for
Non-PEO

NEOs
($)
  
Average Fair
Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
  
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO

NEOs
($)
  
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
2024       356,205       80,353       0       (67,574 )       (88,971 )       0       280,013
 
4.
The Peer Group TSR set forth in this table utilizes the S&P U.S BMI. Banks Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P U.S BMI. Banks Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
We determined Core ROTCE to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and
Non-PEO
NEOs in 2024.
       
Company Selected Measure Name Core ROTCE        
Named Executive Officers, Footnote
1.
T. Michael Price was our PEO for the disclosed period. Individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
     
2020
  
2021-2023
  
2024
James R. Reske   James R. Reske   James R. Reske
Jane Grebenc   Jane Grebenc   Jane Grebenc
Brian G. Karrip   Brian G. Karrip   Brian G. Karrip
Matthew C. Tomb   Norman J. Montgomery   Norman J. Montgomery
 
  
 
   Michael P. McCuen
        
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the S&P U.S BMI. Banks Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P U.S BMI. Banks Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. 		       
PEO Total Compensation Amount $ 1,661,340 $ 1,387,155 $ 1,350,670 $ 1,251,199 $ 1,004,817
PEO Actually Paid Compensation Amount $ 1,796,319 1,692,137 1,406,268 1,599,524 713,566
Adjustment To PEO Compensation, Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
         
Year
   
Summary
Compensation
Table Total for T.
Michael Price
($)
   
Exclusion of
Stock Awards
and Option
Awards for T.
Michael Price
($)
   
Inclusion of
Equity Values for
T. Michael Price
($)
   
Compensation
Actually Paid to
T. Michael Price
($)
2024        1,661,340        (419,727 )        554,706        1,796,319
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
               
Year
  
Year-End Fair

Value of Equity
Awards Granted
During Year
That Remained
Unvested as of
Last Day of
Year for
T. Michael
Price
($)
  
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
for T. Michael
Price
($)
  
Vesting-Date

Fair Value
of Equity
Awards
Granted
During Year
that Vested
During
Year for
T. Michael
Price
($)
  
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date
of Unvested
Equity Awards
that Vested
During Year
for T. Michael
Price
($)
  
Fair Value at
Last Day of
Prior Year
of Equity
Awards
Forfeited
During
Year for
T. Michael
Price
($)
  
Value of Dividends
or Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
T. Michael Price
($)
  
Total -
Inclusion of
Equity
Values for
T. Michael
Price
($)
2024       466,177       239,454       0       (150,925 )       0       —       554,706
       
Non-PEO NEO Average Total Compensation Amount $ 1,208,173 866,000 957,245 859,429 704,673
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,142,351 1,036,214 960,390 1,045,870 538,904
Adjustment to Non-PEO NEO Compensation Footnote
         
Year
   
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
   
Average
Exclusion of
Stock Awards
and Option
Awards for
Non-PEO

NEOs
($)
   
Average
Inclusion of
Equity Values for
Non-PEO
NEOs
($)
   
Average
Compensation
Actually Paid to
Non-PEO
NEOs
($)
2024        1,208,173        (345,835 )        280,013        1,142,351
               
Year
  
Average Year-End

Fair Value of
Equity Awards
Granted During
Year That
Remained
Unvested as of
Last Day of Year
for
Non-PEO

NEOs
($)
  
Average Change
in Fair Value
from Last Day of
Prior Year to
Last Day of Year
of Unvested
Equity Awards
for
Non-PEO

NEOs
($)
  
Average
Vesting-Date

Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Non-PEO

NEOs
($)
  
Average Change
in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year for
Non-PEO

NEOs
($)
  
Average Fair
Value at
Last Day of
Prior Year of
Equity
Awards
Forfeited
During Year
for
Non-PEO

NEOs
($)
  
Average Value
of Dividends
or Other
Earnings Paid
on Equity
Awards Not
Otherwise
Included for
Non-PEO

NEOs
($)
  
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
2024       356,205       80,353       0       (67,574 )       (88,971 )       0       280,013
       
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between Pay and Performance
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years.
 
LOGO
       
Compensation Actually Paid vs. Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Net Income during the five most recently completed fiscal years.
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Core ROTCE during the five most recently completed fiscal years.
 
LOGO
       
Tabular List, Table
Tabular List of Financial Performance Measures
First Commonwealth considers the following to be the most important financial performance measures it uses to link compensation actually paid to its NEOs, for 2024, to company performance.
 
•
  
Core ROTCE
 
•
  
Core EPS
 
•
  
Core Efficiency Ratio
 
•
  
Pre-Tax
Pre-Provision
Return on Average Assets
 
•
  
Total Shareholder Return
       
Total Shareholder Return Amount $ 140.16 123.66 107.81 120.2 79.11
Peer Group Total Shareholder Return Amount 143.68 107.32 98.38 118.61 87.24
Net Income (Loss) $ 142,572,000 $ 157,063,000 $ 128,181,000 $ 138,257,000 $ 73,447,000
Company Selected Measure Amount 14.95 20.86 17.49 17.98 10.78
PEO Name T. Michael Price        
Measure:: 1          
Pay vs Performance Disclosure          
Name Core ROTCE        
Measure:: 2          
Pay vs Performance Disclosure          
Name Core EPS        
Measure:: 3          
Pay vs Performance Disclosure          
Name Core Efficiency Ratio        
Measure:: 4          
Pay vs Performance Disclosure          
Name Pre-Tax Pre-Provision Return on Average Assets        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 554,706        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 466,177        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 239,454        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (150,925)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Exclusion Of Stock Awards And Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (419,727)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 280,013        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 356,205        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 80,353        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (67,574)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (88,971)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Exclusion Of Stock Awards And Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (345,835)