First Commonwealth Financial Announces New $25 Million Share Repurchase Program Amidst Ongoing Challenges

First Commonwealth Financial (FCF) has authorized a new $25 million share repurchase program, following a previous buyback plan. This reflects the board's commitment to shareholder value and management's confidence in the company's ability to drive organic loan growth and diversify its revenue base. The new repurchase program does not change the company's immediate catalyst, continued expansion into fee-based businesses, or reduce the risk of regional economic stagnation impacting loan and deposit growth.