First Commonwealth Financial EVP/CFO Reske sells $49,298 in stock

James R. Reske, the Executive Vice President and Chief Financial Officer of First Commonwealth Financial Corp., sold 2,350 shares of the company's common stock on November 5, 2026, for a total of $49,298. The transactions were executed according to a pre-agreed trading plan initiated on March 20, 2025. With the current stock price at $20.91, Reske's sale resulted in a substantial 36.5% return on investment over the past year.

However, InvestingPro analysts suggest that the shares are trading close to their intrinsic value. As of the latest disclosure, Reske personally owns 68,738 shares of First Commonwealth Financial common stock. This financial institution, a regional bank with a $2.03 billion footprint, has a remarkable track record of paying consistent dividends for 40 consecutive years, offering a dividend yield of 2.68%.

Subscribers to InvestingPro can access six additional exclusive tips regarding FCF, along with comprehensive financial health scores and detailed valuation metrics. Reske also holds restricted stock units (RSUs) that convert into FCF common stock on a one-for-one basis after a three-year vesting period. These RSUs include 8,000 units awarded in 2024, 7,300 units in 2025, and 6,850 units in 2026, totaling 22,150 RSUs.

Despite these recent stock sales, First Commonwealth Financial Corporation reported mixed results for the third quarter of 2026. While the company's revenue exceeded expectations, reaching $143.04 million, core earnings fell short of analyst forecasts at $0.45 per share. Management cited a stronger net interest margin and solid loan growth, but also acknowledged higher credit provisions and an increase in classified loans due to some problematic credits. The bank's share price saw a slight decline following the earnings release.