First Commonwealth Financial (FCF) risk factors, FY2025 10-K

First Commonwealth Financial's FY2025 10-K, filed Mar 02, 2026, lists 31 risk factors in 3 groups. Against the prior year's 28: 3 new, 1 substantially reworded.

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Risk factors listed
313 groups
New this year
3vs 28 last year
Dropped
0since the prior 10-K
Substantially reworded
1of those kept
Section length
8k wordsItem 1A

What the changes say

  • New risks highlight escalating fraud, stablecoin competition for deposits, and federal shutdown effects on lending, liquidity, and credit.
  • Goodwill and other intangible assets increased from $383.4 million to $400.2 million, while impairment triggers remain unchanged.

What changed since the prior 10-K

New

  • NewOperational Risks

    Increasing Fraud Risk Could Adversely Affect Our Business, Financial Condition, and Reputation

    Growing cyber fraud, identity theft, account takeovers, and AI-enabled schemes could cause losses, regulatory action, reputational damage, and weaker capital or liquidity.

  • NewOperational Risks

    The Proliferation of Stablecoins May Adversely Impact Our Business

    Stablecoins could replace bank deposits, destabilize funding, increase compliance costs, and weaken the company’s position in digital payments and settlement.

  • NewOperational Risks

    We Are Subject To the Potential Adverse Effects of a U.S. Federal Government Shutdown

    A prolonged federal shutdown could delay loan processing and government programs while weakening affected borrowers, reducing deposits and increasing credit risk.

Reworded

  • 20% rewrittenOperational Risks

    The Value of Our Goodwill and Other Intangible Assets May Decline in the Future

    Goodwill and other intangible assets rose from $383.4 million to $400.2 million; the listed impairment triggers and potential impact remain unchanged.

All 31 risk factors

Headings as the filing states them, in filing order.

Risks Related To Our Business

  1. 01We Are Subject to Interest Rate Risk
  2. 02We Are Subject to Lending Risk
  3. 03Our Allowance for Credit Losses may be Insufficient
  4. 04We Are Subject to Risk Arising from Conditions in the Commercial Real Estate Market
  5. 05We Are Subject to Liquidity Risk
  6. 06Unrealized Losses in Our Securities Portfolio Could Affect Liquidity

Operational Risks

  1. 07Labor Shortages and Constraints in the Supply Chain Could Adversely Affect Our Customers’ Operations as well as Our Operations
  2. 08Our Accounting Estimates and Risk Management Processes Rely On Analytical and Forecasting Models
  3. 09The Value of Our Goodwill and Other Intangible Assets May Decline in the Future20% rewritten
  4. 10We Are Subject to Risk Arising from Failure or Circumvention of Our Controls and Procedures
  5. 11New Lines of Business, Products or Services and Technological Advancements May Subject Us to Additional Risks
  6. 12Our Reputation and Our Business Are Subject to Negative Publicity Risk
  7. 13Our Business, Financial Condition and Results of Operations Are Subject to Risk from Changes in Customer Behavior
  8. 14First Commonwealth Relies on Dividends from its Subsidiary Bank for Most of Its Revenue
  9. 15Increasing Fraud Risk Could Adversely Affect Our Business, Financial Condition, and ReputationNew
  10. 16Our Operations Rely On Certain External Vendors
  11. 17We Depend on the Accuracy and Completeness of Information About Customers and Counterparties
  12. 18We are Subject to Risk Arising from The Soundness of Other Financial Institutions and Counterparties
  13. 19The Proliferation of Stablecoins May Adversely Impact Our BusinessNew
  14. 20We are Subject to Extensive Government Regulation and Supervision
  15. 21We Are Subject To the Potential Adverse Effects of a U.S. Federal Government ShutdownNew

Risks Related to Acquisition Activity

  1. 22Potential Acquisitions May Disrupt Our Business and Dilute Stockholder Value
  2. 23Acquisitions May Be Delayed, Impeded, or Prohibited Due to Regulatory Issues
  3. 24The Trading Volume in Our Common Stock Is Less Than That of Other Larger Financial Services Companies
  4. 25First Commonwealth May Not Continue to Pay Dividends on Its Common Stock in The Future
  5. 26An Investment in Our Common Stock Is Not an Insured Deposit
  6. 27We are Subject to Risk from Fluctuating Conditions in the Financial Markets and Economic and Political Conditions Generally
  7. 28We May Need to Raise Additional Capital in The Future, and Such Capital May Not Be Available When Needed or at All
  8. 29Our Stock Price Can Be Volatile
  9. 30Changes in Accounting Standards Could Materially Impact Our Financial Statements
  10. 31We May Not Be Able to Attract and Retain Skilled People

Other First Commonwealth Financial 10-Ks

  • FY2024 10-K risk factors
    28 risks

    Commercial real estate mortgage loans represent 35% of the loan portfolio as of December 31, 2024. Goodwill and other intangible assets total $383.4 million as of December 31, 2024. Core processing operations rely on an external vendor contract.

    Filed Mar 03, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.