Boardroom Alpha
Meeting calendar
FCF · Annual meeting · Tuesday, April 28, 2026

First Commonwealth Financial Corp

12 nominees · 3 ballot items.

Election of 12 directors; Ratification of Ernst & Young LLP as independent auditors for 2026; Advisory (non-binding) vote to approve named executive officer compensation.

Market cap
$2.1B
1Y TSR
+25.0%
Board grade
C+
Record date
Mar 2, 2026
Filing
DEF 14A
Meeting concluded · Apr 28, 2026

Follow how the vote landed and what changed on First Commonwealth Financial Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot3

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect twelve (12) nominees named in the proxy statement to the Board of Directors to serve until the next annual meeting and until their successors are elected and qualified.

  2. 2

    Ratification of Independent Auditors

    ManagementBoard: FOR

    Ratify the Audit Committee’s appointment of Ernst & Young LLP as First Commonwealth’s independent auditors for the 2026 fiscal year.

    More detail

    The proposal asks shareholders to ratify the Audit Committee’s selection of Ernst & Young LLP as the company’s independent external auditors for 2026. Management is seeking shareholder ratification to solicit shareholder input and affirm the Audit Committee’s choice; while approval is not legally required, ratification would reaffirm the Audit Committee’s judgment and reduce the likelihood of a change absent committee intervention. The proxy outlines the Audit Committee’s evaluation factors — professional qualifications, independence safeguards, industry expertise, fee appropriateness, PCAOB inspection results, committee and management annual evaluations, and the potential disruption from changing auditors — to justify the recommendation. The Board recommends a FOR vote, noting Ernst & Young’s tenure since 2019 and the Audit Committee’s ongoing authority to change auditors during the year if warranted. The proposal is routine in nature for audit ratification and generally non-controversial, with the primary shareholder consideration being audit quality, fees and independence; the committee’s disclosure of these evaluation criteria is designed to address those concerns.

  3. 3

    Advisory Vote on Executive Compensation (Say-on-Pay

    ManagementBoard: FOR

    Non-binding advisory vote to approve the compensation of the company’s named executive officers as disclosed in the Compensation Discussion and Analysis and compensation tables in the proxy statement.

    More detail

    This management proposal seeks a non-binding advisory vote approving the Company’s named executive officer compensation as described in the CD&A and compensation tables. Management seeks shareholder approval to validate its executive compensation philosophy emphasizing pay-for-performance, a mix of short- and long-term incentives, and significant equity-based compensation aimed at aligning executive and shareholder interests. The Compensation Committee highlights 2025 performance metrics (Core EPS, Core PTPP ROA, Core Efficiency Ratio, Core ROTCE and TSR), the use of an independent compensation consultant, stock ownership guidelines, clawback provisions, limits on perquisites, and double-trigger change-of-control protections as governance features designed to mitigate excessive risk and align pay with long-term shareholder value. The advisory vote is not binding but will be considered by the Committee and Board in future compensation decisions; given prior high-support results, the Board recommends a FOR vote.

Director elections

Nominees on the ballot12

Independent
Tenure on this board
19.5 yrs
Also a director at
First Western Financial Inc (MYFW)
Independent
Tenure on this board
15.2 yrs
Also a director at
First Western Financial Inc (MYFW)
Ownership

Top institutional holders10

Latest 13F quarter
1BlackRock, Inc.10.6%10,776,282$189M
2VANGUARD PORTFOLIO MANAGEMENT LLC6.1%6,226,135$109M
3DIMENSIONAL FUND ADVISORS LP6.0%6,096,170$107M
4STATE STREET CORP4.8%4,917,666$86M
5VANGUARD CAPITAL MANAGEMENT LLC4.3%4,414,287$78M
6FRANKLIN RESOURCES INC3.9%3,950,078$69M
7BlackRock, Inc.2.9%2,904,610$51M
8FULLER THALER ASSET MANAGEMENT, INC.2.7%2,720,201$48M
9GEODE CAPITAL MANAGEMENT, LLC2.1%2,146,249$38M
10Mariner, LLC2.0%2,049,887$36M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the First Commonwealth Financial Corp 2026 annual meeting?
First Commonwealth Financial Corp (FCF) holds its 2026 annual shareholder meeting on Tuesday, April 28, 2026.
What is the record date for the First Commonwealth Financial Corp 2026 meeting?
The record date for the First Commonwealth Financial Corp 2026 meeting is Monday, March 2, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for First Commonwealth Financial Corp's 2026 meeting?
The board is presenting 12 director nominees at the First Commonwealth Financial Corp 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the First Commonwealth Financial Corp 2026 meeting?
Shareholders will vote on 3 proposals at the First Commonwealth Financial Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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