S&P Global Market Intelligence has recently acknowledged First Commonwealth Financial Corp. as one of the leading performers in the U.S. banking sector. This recognition comes through First Commonwealth’s inclusion in S&P’s Top 100 list, which specifically highlights the financial prowess of U.S. public banks with assets surpassing $10 billion and trading on prominent exchanges like Nasdaq, NYSE, or NYSE as of March 6.
First Commonwealth came in at No. 21 on the list, and the ranking is attributed to its robust performance throughout the 2023 calendar year across three fundamental metrics: growth, profitability, and safety and soundness. Notably, the company’s outstanding performance surpassed that of all other banks within its operational domain. The recognition also reinforces First Commonwealth’s dedication to excellence and strategic financial management, as highlighted by S&P Global Market Intelligence.
First Commonwealth CEO Mike Price said they are “honored to be recognized among the top 25 banks in this prestigious compilation of U.S. public banks.” He adds “our consistent growth, especially in the corporate banking sector, reflects our unwavering commitment to enhancing the financial well-being of our communities and businesses.”
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