Estados financieros detallados de First Commonwealth Financial Corporation (FCF): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
First Commonwealth Financial Corporation registró ingresos de $729.4M en el último ejercicio fiscal, con un CAGR de 5 años del 13.0%. El beneficio neto alcanzó $152.3M, con un CAGR a 5 años del 15.7%.
Márgenes de los últimos 12 meses: margen bruto 62.8%, margen operativo 18.8%, margen neto 27.0%. El flujo de caja libre creció a un CAGR del 11.8% en 5 años.
Al precio actual de $21.21, FCF cotiza a un P/E de 13.15 y un ROE del 10.83%. La capitalización bursátil es de $2.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $282.2M | $330.9M | $380.9M | $410.7M | $395.7M | $400.6M | $428.7M | $626.6M | $699.7M | $729.4M |
| Coste de Ventas | $37.1M | $26.9M | $52.6M | $69.9M | $89.7M | $13.9M | $38.8M | $159.1M | $250.7M | $236.3M |
| Beneficio Bruto | $245.8M | $304.0M | $328.3M | $340.8M | $306.0M | $386.7M | $389.8M | $467.5M | $449.0M | $493.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $103.3M | $121.7M | $121.5M | $128.4M | $129.8M | $127.0M | $133.9M | $154.8M | $160.8M | $94.6M |
| Gastos Operativos | $159.9M | $200.3M | $195.6M | $210.0M | $215.8M | $213.9M | $229.6M | $269.9M | $270.7M | $294.8M |
| Beneficio Operativo | $85.2M | $103.7M | $132.8M | $130.8M | $90.2M | $172.8M | $160.2M | $197.6M | $178.2M | $198.4M |
| EBITDA | $92.3M | $112.7M | $140.8M | $141.2M | $101.9M | $184.3M | $170.7M | $201.7M | $184.0M | $204.7M |
| Gastos por Intereses | $18.6M | $21.8M | $40.0M | $55.4M | $32.9M | $15.3M | $17.7M | $144.3M | $221.6M | $206.6M |
| Beneficio Antes de Impuestos | $85.2M | $103.7M | $132.8M | $130.8M | $90.2M | $172.8M | $160.2M | $197.6M | $178.2M | $191.4M |
| Impuestos | $25.6M | $48.6M | $25.3M | $25.5M | $16.8M | $34.6M | $32.0M | $40.5M | $35.6M | $39.1M |
| Beneficio Neto | $59.6M | $55.2M | $107.5M | $105.3M | $73.4M | $138.3M | $128.2M | $157.1M | $142.6M | $152.3M |
| BPA | $0.67 | $0.57 | $1.09 | $1.07 | $0.76 | $1.47 | $1.37 | $1.55 | $1.40 | $1.48 |
| BPA Diluido | $0.67 | $0.57 | $1.08 | $1.07 | $0.75 | $1.44 | $1.37 | $1.54 | $1.39 | $1.47 |
| Acciones en Circulación (Diluidas) | $89.0M | $97.5M | $99.5M | $98.6M | $97.8M | $95.8M | $93.9M | $101.8M | $102.2M | $103.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $187.6M | $188.6M | $179.3M | $67.0M |
| Beneficio Bruto | $124.7M | $137.9M | $120.3M | $8.0M |
| Beneficio Operativo | $51.8M | $63.4M | $47.2M | -$45.6M |
| EBITDA | $53.7M | $64.9M | $49.3M | -$47.7M |
| Beneficio Neto | $41.3M | $44.9M | $37.5M | $44.6M |
| BPA | $0.40 | $0.43 | $0.37 | $0.44 |
| BPA Diluido | $0.39 | $0.43 | $0.37 | $0.44 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $115.7M | $107.3M | $98.9M | $121.9M | $356.6M | $395.4M | $154.2M | $147.0M | $133.4M | $103.3M |
| Inversiones a Corto | $778.6M | $731.4M | $909.2M | $902.3M | $831.2M | $1.04B | $762.7M | $1.02B | $1.15B | 0 |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $894.3M | $838.6M | $1.01B | $1.02B | $1.19B | $1.44B | $916.9M | $1.17B | $1.28B | $103.3M |
| Inmovilizado Material | $67.5M | $81.3M | $80.5M | $137.3M | $125.5M | $120.8M | $115.1M | $121.0M | $116.1M | $114.3M |
| Fondo de Comercio | $186.5M | $255.4M | $274.2M | $303.3M | $303.3M | $303.3M | $303.3M | $363.7M | $363.7M | $378.2M |
| Activos Intangibles | $12.0M | $15.0M | $13.0M | $16.4M | $13.5M | $11.2M | $9.2M | $22.8M | $19.6M | $22.0M |
| Activos Totales | $6.68B | $7.31B | $7.83B | $8.31B | $9.07B | $9.55B | $9.81B | $11.46B | $11.58B | $12.37B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $867.9M | $707.5M | $721.8M | $201.9M | $117.4M | $138.3M | $372.7M | $597.8M | $80.1M | $281.1M |
| Pasivos Corrientes | $5.82B | $6.29B | $6.62B | $6.88B | $7.56B | $8.12B | $8.38B | $9.79B | $9.76B | $281.1M |
| Deuda a Largo | $80.9M | $80.3M | $177.8M | $227.4M | $226.9M | $175.6M | $175.8M | $181.1M | $257.9M | $130.2M |
| Pasivos Totales | $5.93B | $6.42B | $6.85B | $7.25B | $8.00B | $8.44B | $8.75B | $10.15B | $10.18B | $10.81B |
| Reservas | $412.8M | $437.4M | $511.4M | $577.3M | $596.6M | $691.3M | $774.9M | $881.1M | $971.1M | $1.07B |
| Patrimonio Neto | $749.9M | $888.1M | $975.4M | $1.06B | $1.07B | $1.11B | $1.05B | $1.31B | $1.41B | $1.55B |
| Deuda Total | $948.9M | $795.4M | $906.9M | $436.0M | $350.6M | $320.6M | $553.9M | $784.6M | $343.1M | $452.3M |
| Deuda Neta | $54.6M | -$43.3M | -$101.3M | -$588.1M | -$837.2M | -$1.12B | -$363.0M | -$383.4M | -$937.9M | $349.1M |
| Capital Circulante | -$4.92B | -$5.45B | -$5.61B | -$5.86B | -$6.37B | -$6.68B | -$7.46B | -$8.62B | -$8.48B | -$177.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $161.4M | $103.3M | $118.1M | $110.3M |
| Activos Totales | $12.31B | $12.37B | $12.26B | $12.21B |
| Pasivos Totales | $10.77B | $10.81B | $10.71B | $10.64B |
| Patrimonio Neto | $1.54B | $1.55B | $1.55B | $1.57B |
| Deuda Total | $411.6M | $452.3M | $196.2M | $263.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $59.6M | $55.2M | $107.5M | $105.3M | $73.4M | $138.3M | $128.2M | $157.1M | $142.6M | $152.3M |
| Amortizaciones | $7.1M | $9.0M | $8.0M | $10.4M | $11.7M | $11.4M | $10.6M | $4.1M | $5.7M | $6.6M |
| Compensación en Acciones | $3.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$1.4M | $430000 | -$4.1M | $1.7M | -$12.5M | $16.1M | -$10.2M | -$8.4M | $3.7M | -$908000 |
| Flujo de Caja Operativo | $89.3M | $88.3M | $135.3M | $107.6M | $105.7M | $165.0M | $151.4M | $150.8M | $129.5M | $187.5M |
| Inversiones (CapEx) | -$7.5M | -$11.6M | -$9.6M | -$17.4M | -$7.6M | -$10.6M | -$11.2M | -$22.0M | -$15.5M | -$16.1M |
| Adquisiciones | $479.5M | $3.2M | $705000 | $332.5M | 0 | 0 | 0 | $14.5M | 0 | $10.9M |
| Recompra de Acciones | -$864000 | -$1.5M | -$26.2M | -$6.3M | -$20.9M | -$31.3M | -$15.6M | -$15.0M | -$12.6M | -$35.8M |
| Dividendos Pagados | -$24.9M | -$30.5M | -$34.8M | -$39.4M | -$43.0M | -$43.6M | -$44.6M | -$50.8M | -$52.6M | -$55.5M |
| Flujo de Caja Libre | $82.2M | $76.7M | $125.7M | $90.3M | $98.1M | $154.4M | $140.2M | $128.7M | $113.9M | $171.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $49.5M | $51.8M | $86.8M | $3.6M |
| Inversiones (CapEx) | $10.4M | -$15.4M | -$4.4M | -$3.3M |
| Flujo de Caja Libre | $59.9M | $36.3M | $82.5M | $380000 |
| Dividendos Pagados | -$14.1M | -$14.0M | -$13.8M | -$14.2M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +17.2% | +15.1% | +7.8% | -3.7% | +1.2% | +7.0% | +46.2% | +11.7% | +4.3% |
| Crecimiento Beneficio Neto (anual) | | -7.4% | +94.9% | -2.0% | -30.3% | +88.2% | -7.3% | +22.5% | -9.2% | +6.8% |
| Crecimiento BPA (anual) | | -14.9% | +91.2% | -1.8% | -29.0% | +93.4% | -6.8% | +13.1% | -9.7% | +5.7% |
| Cambio en Acciones (anual) | | +9.5% | +2.1% | -1.0% | -0.8% | -2.0% | -2.0% | +8.5% | +0.4% | +1.4% |
| Crecimiento FCF (anual) | | -6.7% | +63.8% | -28.2% | +8.7% | +57.4% | -9.2% | -8.2% | -11.5% | +50.4% |
| Margen Bruto | 87.1% | 91.9% | 86.2% | 83.0% | 77.3% | 96.5% | 90.9% | 74.6% | 64.2% | 67.6% |
| Margen Operativo | 30.2% | 31.3% | 34.9% | 31.9% | 22.8% | 43.1% | 37.4% | 31.5% | 25.5% | 27.2% |
| Margen EBITDA | 32.7% | 34.1% | 37.0% | 34.4% | 25.7% | 46.0% | 39.8% | 32.2% | 26.3% | 28.1% |
| Margen Neto | 21.1% | 16.7% | 28.2% | 25.6% | 18.6% | 34.5% | 29.9% | 25.1% | 20.4% | 20.9% |
| Margen FCF | 29.1% | 23.2% | 33.0% | 22.0% | 24.8% | 38.5% | 32.7% | 20.5% | 16.3% | 23.5% |
| Tasa Impositiva Efectiva | 30.1% | 46.8% | 19.0% | 19.5% | 18.6% | 20.0% | 20.0% | 20.5% | 20.0% | 20.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.92 | $0.79 | $1.26 | $0.92 | $1.00 | $1.61 | $1.49 | $1.26 | $1.11 | $1.65 |
| Dividendo por Acción | $0.28 | $0.31 | $0.35 | $0.40 | $0.44 | $0.46 | $0.47 | $0.50 | $0.51 | $0.54 |
| Acciones en Circulación (Básicas) | $88.9M | $97.5M | $99.0M | $98.3M | $96.1M | $94.2M | $93.6M | $101.6M | $101.9M | $102.8M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 10.83% |
| Rentabilidad sobre capital invertido | 4.79% |
| Rentabilidad sobre activos | 1.38% |
| Margen bruto | 62.80% |
| Margen operativo | 18.78% |
| Margen neto | 27.04% |
Salud financiera
| Deuda / Patrimonio | 0.17 |
| Ratio corriente | 0.17 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 21.16 | 25.12 | 11.08 | 13.56 | 14.39 | 10.95 | 10.20 | 9.96 | 12.09 | 11.39 |
| P/VC | 1.68 | 1.57 | 1.23 | 1.35 | 0.98 | 1.37 | 1.24 | 1.19 | 1.23 | 1.12 |
| P/V | 4.46 | 4.22 | 3.14 | 3.47 | 2.66 | 3.78 | 3.05 | 2.50 | 2.46 | 2.38 |
| Margen Bruto | 87.1% | 91.9% | 86.2% | 83.0% | 77.3% | 96.5% | 90.9% | 74.6% | 64.2% | 67.6% |
| Margen Operativo | 30.2% | 31.3% | 34.9% | 31.9% | 22.8% | 43.1% | 37.4% | 31.5% | 25.5% | 27.2% |
| Margen Neto | 21.1% | 16.7% | 28.2% | 25.6% | 18.6% | 34.5% | 29.9% | 25.1% | 20.4% | 20.9% |