Exhibit 99 - First CommonwealthFinancial Corporation Press Release dated July 21, 2006

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***** NEWS RELEASE *****

| TO:    | All Area News Agencies | **For More  Information Contact:**            |
|--------|------------------------|-----------------------------------------------|
|   |                   |                                          |
| FROM:  | First Commonwealth     | **John Dolan,  Executive Vice President and** |
|   | Financial Corporation  | **Chief Financial  Officer**                  |
|   |                   | **First  Commonwealth Financial Corporation** |
| DATE:  | July 21, 2006          | **(724) 349-7220**                            |

 

**FirstCommonwealth Announces Second Quarter 2006 Financial Results***ContinuesExpansion in Pittsburgh Region*

Indiana, PA., July 21, 2006-First Commonwealth Financial Corporation (NYSE:FCF)reported financial results for the second quarter ended June 30, 2006.**SecondQuarter Results**Net income was $12.2 million for the second quarter of 2006 compared to netincome of $17.8 million for the second quarter of 2005.  Basic and diluted earnings per share were$0.18 for the second quarter of 2006 compared to $0.26 for the comparableperiod of 2005.  Return on equity was9.39% and return on assets was 0.83% for the second quarter of 2006 compared to13.55% and 1.15%, respectively for the second quarter of 2005.  The decrease in net income in the secondquarter 2006 was due in large part to certain gains that were included in thesecond quarter 2005 results.  The secondquarter of 2005 included a $3.1 million pre-tax gain on the sale of a branchoffice ($2.0 million after tax) and a $2.0 million gain on the sale of FirstCommonwealth's merchant services business ($1.3 million after tax).  Additionally, net interest income was $2.3million lower in the second quarter 2006 than that of the 2005 period.  The provision for credit losses increased$1.3 million in the second quarter of 2006 compared to the second quarter of2005 largely due to the deterioration of a single large commercial loan.  Total other expenses declined $1.9 millionin the second quarter 2006 when compared to the second quarter of 2005.   In the second quarter of 2006, First Commonwealth continued its expansion inthe Pittsburgh region through:

| *-  * | An agreement to acquire Laurel Capital Group, Inc.,  with total assets of $314 million, headquartered in Allison Park,  Pennsylvania.  Laurel Capital Group is  the parent company of Laurel Savings Bank which operates eight retail  branches in Allegheny and Butler Counties, Pennsylvania.  The agreement was entered into in April  2006 and the merger is expected to be completed during the third quarter of  2006. |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

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| *-  * | Opening a new branch office in the Pittsburgh-area  market as well as beginning construction on two new branch offices and  launching a significant renovation on an existing branch. |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

**Year-to-DateResults**Net income for the first six months of 2006 was $25.2 millioncompared to $33.1 million for the same period of 2005.  The decline in net income resulted primarilyfrom the reduction in net interest income as well as the inclusion of the gainsmentioned above in the results for the six months of 2005.  The provision for credit losses increased$462 thousand in the first six months of 2006 compared to the same period of2005 largely as the deterioration of a large commercial loan offset someimprovements experienced elsewhere in the loan portfolio.  Total other expenses declined $2.5 millionin the first six months of 2006 when compared to the first six months of2005.  Basic and diluted earnings pershare were $0.36 for the first six months of 2006 compared to $0.48 and $0.47,respectively for the first six months of 2005. Return on equity and return on assets for the six months ended June 30,2006 were 9.67% and 0.85% compared to 12.51% and 1.07%, respectively in the2005 period.**NetInterest Income**Net interest income for the second quarter of 2006 decreased $2.3million to $41.3 million from $43.6 million in the second quarter of 2005.  Second quarter 2006 net interest margin (netinterest income as a percentage of average earning assets on a fully taxequivalent basis) increased three basis points (0.03%) to 3.31%, compared to3.28% in the corresponding period last year. The improvement in net interest margin was primarily due to a reductionin the average volume of interest bearing liabilities.  Due to the relatively flat yield curve FirstCommonwealth has limited the reinvestment of investment securities proceeds andreduced borrowings.  Additionally netinterest margin improved in the second quarter of 2006 on lower earning assetlevels due to the balance sheet changes that occurred in the fourth quarter of2005.Net interest income for the first six months of 2006 was $82.7 million comparedto $88.6 million for the first six months of 2005.  Net interest margin decreased three basis points (0.03%) to 3.31%in the first six months of 2006 compared to the same period of 2005 on lowerearning asset levels.**OtherIncome**Total other income for the second quarter of 2006 declined $6.0 million to$11.1 million from $17.1 million in the second quarter 2005 largely as a resultof the above-mentioned gains on the branch sale, and on the sale of themerchant services business, as well as the absence of income generated frommerchant services business during the first six months of 2005.    While year-to-date total other income decreased in 2006 primarily due to theabove mentioned gains occurring in 2005, as well as the reduction in merchantdiscount income, service charges on deposits improved and are expected tocontinue to improve as fee schedules are increasing beginning September 2006.

2

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**OtherExpenses**Total other expenses for the second quarter of 2006 decreased $1.9 million to$33.2 million from $35.1 million in the corresponding quarter last year.  Salaries and employee benefits declined $629thousand in the second quarter 2006 from the second quarter 2005 level,reflecting a previously planned reduction of the workforce.Other operating expenses declined $1.4 million with interchange expensedeclining $733 thousand in the second quarter of 2006 when compared to thesecond quarter of 2005 as a result of the sale of the merchant servicesbusiness.  Advertising, promotion andprofessional fees comprised the majority of the remaining decreases.Total other expenses decreased $1.7 million during the first six months of 2006to $68.8 million.  While salaries andwages were lower in the 2006 period than those of the first six months of 2005,the decline was offset by the increased cost of certain benefits, mostlyoccurring in the first three months of 2006. Other operating expenses decreased $2.5 million year-to-date in 2006when compared to the same period of 2005. Interchange expense totaling $1.4 million during the first six months of2005 was eliminated in the 2006 period as a result of the above mentioned saleof First Commonwealth's merchant processing business in 2005.  **CreditQuality and Provision for Credit Losses**As of June 30, 2006, total nonperforming loans (including loans past due 90days but still accruing) increased to $30.9 million from the $26.6 million atJune 30, 2005.  While nonaccrual loansincreased $3.6 million since June 30, 2005, the increase in nonaccrual loansresulted primarily from one commercial credit relationship during the firstquarter of 2006.  The remaining recordedbalance is believed to be well secured, including partial government agencyguarantees.  Included in the allowance for credit losses at June 30, 2006 was $2.6 millionallocated for a large commercial loan that experienced unexpecteddeterioration.  Additionally FirstCommonwealth reclassified a $5.7 million watch list credit relationship toloans held for sale.  Thisreclassification resulted in a charge to the allowance for credit losses of$1.4 million to adjust the loan to fair value. Net charge-offs reduced the allowance for credit losses by $1.9 millionin the second quarter of 2006. Consequently, the provision for credit losses was $4.3 million for thesecond quarter of 2006 compared to $3.0 million in the second quarter of 2005.Management believes that the allowance for credit losses is adequate to coverprobable inherent losses at June 30, 2006.Year-to-date provision for credit losses increased by $462 thousand from $4.7million in the 2005 period compared to $5.2 million in the first six months of2006.  Net charge-offs reduced theallowance by $4.3 million in addition to the above mentioned reduction relatedto the reclassification of the relationship to loans held for sale.  

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**About First Commonwealth Financial Corporation**First Commonwealth Financial Corporation is a $5.9 billion bank holding companyheadquartered in Indiana, Pennsylvania. It operates 101 retail branch offices in 15 counties in western andcentral Pennsylvania through First Commonwealth Bank, a Pennsylvania charteredbank and trust company.  Financialservices and insurance products are also provided through First CommonwealthFinancial Advisors, Inc. and First Commonwealth Insurance Agency.**Forward-LookingStatements**This release contains "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995.  Forward-looking statements describe FirstCommonwealth's future plans, strategies and expectations and are based onassumptions and involve risks and uncertainties, many of which are beyond thecontrol of First Commonwealth and which may cause actual results, performanceor achievements to differ materially from the results, performance orachievements contemplated by the forward-looking statements.  Forward-looking statements can be identifiedby the fact that they do not relate strictly to historical or currentfacts.  They often include words such as"believe," "expect," "anticipate,""intend," "plan," "estimate" or words of similarmeaning, or future or conditional verbs such as "will,""would," "should," "could" or"may."  Forward-lookingstatements speak only as of the date they are made.  Such risks and uncertainties include among other things:

| ***-*** | Adverse changes in the economy or business  conditions, either nationally or in First Commonwealth's market areas, could  increase credit-related losses and expenses and/or limit growth.           |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ***-*** | Increases in defaults by borrowers and other  delinquencies could result in increases in First Commonwealth's provision for  losses on loans and related expenses.                                   |
| ***-*** | Fluctuations in interest rates and market prices  could reduce net interest margin and asset valuations and increase expenses.                                                                       |
| ***-*** | Changes in legislative or regulatory requirements  applicable to First Commonwealth and its subsidiaries could increase costs,  limit certain operations and adversely affect results of operations. |
| ***-*** | Other risks and uncertainties described in First  Commonwealth's reports filed with the Securities and Exchange Commission,  including its most recent Annual Report on Form 10-K.                   |

 

 

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| FIRST COMMONWEALTH  FINANCIAL CORPORATION                                            |                  |                   |       |       |   |   |   |
|--------------------------------------------------------------------------------------|-----------------------|------------------------|------------|------------|--------|--------|--------|
| CONSOLIDATED SELECTED  FINANCIAL DATA                                                |                  |                   |       |       |   |   |   |
| (Dollar Amounts in  Thousands, except per share data)                                |                  |                   |       |       |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
|                                                                                 | For the Quarter Ended | For the 6 Months Ended |       |       |   |
|                                                                                 | June 30,              | June 30,               |       |       |   |
|                                                                                 | 2006                  | 2005                   | 2006       | 2005       |   |   |   |
| Interest income                                                                      | $81,693               | $77,540                | $161,474   | $153,177   |   |   |   |
| Interest expense                                                                     | 40,400                | 33,900                 | 78,734     | 64,605     |   |   |   |
|      Net  interest income                                   | 41,293                | 43,640                 | 82,740     | 88,572     |   |   |   |
| Provision for credit  losses                                                         | 4,298                 | 3,000                  | 5,206      | 4,744      |   |   |   |
|      Net  interest income after provision for credit losses | 36,995                | 40,640                 | 77,534     | 83,828     |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
| Net securities gains                                                                 | 19                    | 0                      | 82         | 485        |   |   |   |
| Trust income                                                                         | 1,481                 | 1,456                  | 2,875      | 2,781      |   |   |   |
| Service charges on  deposits                                                         | 4,144                 | 4,009                  | 8,013      | 7,549      |   |   |   |
| Gain on sale of branch                                                               | 0                     | 3,090                  | 0          | 3,090      |   |   |   |
| Gain on sale of merchant  services business                                          | 0                     | 1,991                  | 0          | 1,991      |   |   |   |
| Insurance commissions                                                                | 595                   | 903                    | 1,314      | 1,743      |   |   |   |
| Income from bank owned  life insurance                                               | 1,414                 | 1,355                  | 2,789      | 2,676      |   |   |   |
| Merchant discount income                                                             | 0                     | 882                    | 0          | 1,721      |   |   |   |
| Card related interchange  income                                                     | 1,391                 | 1,216                  | 2,689      | 2,303      |   |   |   |
| Other income                                                                         | 2,022                 | 2,247                  | 3,600      | 4,250      |   |   |   |
|      Total  other income                                    | 11,066                | 17,149                 | 21,362     | 28,589     |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
| Salaries and employee  benefits                                                      | 17,235                | 17,864                 | 36,592     | 36,162     |   |   |   |
| Net occupancy expense                                                                | 2,785                 | 2,715                  | 6,187      | 5,707      |   |   |   |
| Furniture and equipment  expense                                                     | 2,915                 | 2,759                  | 5,682      | 5,629      |   |   |   |
| Data processing expense                                                              | 820                   | 981                    | 1,615      | 1,920      |   |   |   |
| Pennsylvania shares tax  expense                                                     | 1,358                 | 1,237                  | 2,708      | 2,503      |   |   |   |
| Intangible amortization                                                              | 566                   | 566                    | 1,131      | 1,131      |   |   |   |
| Other operating expense                                                              | 7,543                 | 8,950                  | 14,900     | 17,413     |   |   |   |
|      Total  other expenses                                  | 33,222                | 35,072                 | 68,815     | 70,465     |   |   |   |
| Income before income taxes                                                           | 14,839                | 22,717                 | 30,081     | 41,952     |   |   |   |
| Applicable income taxes                                                              | 2,613                 | 4,879                  | 4,917      | 8,895      |   |   |   |
|      Net  income                                            | $12,226               | $17,838                | $25,164    | $33,057    |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
| Average shares outstanding                                                           | 69,653,432            | 69,129,387             | 69,562,078 | 69,237,454 |   |   |   |
| Average shares outstanding  assuming dilution                                        | 70,037,609            | 69,693,693             | 69,978,210 | 69,858,133 |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
| ***Per Share Data:***                                                                |                  |                   |       |       |   |   |   |
| Basic earnings per share                                                             | $0.18                 | $0.26                  | $0.36      | $0.48      |   |   |   |
| Diluted earnings per share                                                           | $0.17                 | $0.26                  | $0.36      | $0.47      |   |   |   |
| Cash dividends per share                                                             | $0.170                | $0.165                 | $0.340     | $0.330     |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |
|                                                                                 |                  |                   |       |       |   |   |   |

 

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| FIRST COMMONWEALTH  FINANCIAL CORPORATION                                                               |       |       |   |   |   |   |   |
|---------------------------------------------------------------------------------------------------------|------------|------------|--------|--------|--------|--------|--------|
| CONSOLIDATED SELECTED  FINANCIAL DATA                                                                   |       |       |   |   |   |   |   |
| (Dollar Amounts in  Thousands, except per share data)                                                   |       |       |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|                                                                                                    | JUNE 30,   | DEC 31,    |   |   |   |   |   |
|                                                                                                    | 2006       | 2005       |   |   |   |   |   |
| Assets                                                                                                  |       |       |   |   |   |   |   |
|   Cash and due  from banks on demand                                                          | $89,688    | $84,555    |   |   |   |   |   |
|   Interest-bearing  bank deposits                                                             | 905        | 473        |   |   |   |   |   |
|   Federal funds  sold                                                                         | 0          | 1,575      |   |   |   |   |   |
|   Securities  available for sale, at market                                                   | 1,681,139  | 1,851,986  |   |   |   |   |   |
|   Securities  held to maturity, at amortized cost                                             |       |       |   |   |   |   |   |
|    (Market  value $83,400 in 2006 and $89,804 in 2005)                                   | 82,720     | 87,757     |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|   Loans held for  sale                                                                        | 4,436      | 1,276      |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|   Loans:                                                                                      |       |       |   |   |   |   |   |
|     Portfolio  loans                                                                | 3,680,070  | 3,623,102  |   |   |   |   |   |
|     Unearned  income                                                                | (83)       | (119)      |   |   |   |   |   |
|     Allowance  for credit losses                                                    | (39,020)   | (39,492)   |   |   |   |   |   |
|         Net  loans                                              | 3,640,967  | 3,583,491  |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|   Premises and  equipment                                                                     | 63,832     | 60,860     |   |   |   |   |   |
|   Other real  estate owned                                                                    | 1,930      | 1,655      |   |   |   |   |   |
|   Goodwill                                                                                    | 122,702    | 122,702    |   |   |   |   |   |
|   Amortizing  intangibles, net                                                                | 14,120     | 15,251     |   |   |   |   |   |
|   Other assets                                                                                | 222,947    | 214,739    |   |   |   |   |   |
|         Total  assets                                           | $5,925,386 | $6,026,320 |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
| Liabilities                                                                                             |       |       |   |   |   |   |   |
|   Deposits (all  domestic):                                                                   |       |       |   |   |   |   |   |
|     Noninterest-bearing                                                             | $507,021   | $491,644   |   |   |   |   |   |
|     Interest-bearing                                                                | 3,491,784  | 3,504,908  |   |   |   |   |   |
|       Total  deposits                                                     | 3,998,805  | 3,996,552  |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|   Short-term  borrowings                                                                      | 654,315    | 665,665    |   |   |   |   |   |
|   Other  liabilities                                                                          | 38,662     | 43,314     |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|   Subordinated  debentures                                                                    | 108,250    | 108,250    |   |   |   |   |   |
|   Other  long-term debt                                                                       | 613,991    | 691,494    |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
|       Total  long-term debt                                               | 722,241    | 799,744    |   |   |   |   |   |
|         Total  liabilities                                      | 5,414,023  | 5,505,275  |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
| Shareholders' Equity                                                                                    |       |       |   |   |   |   |   |
|   Common stock  $1 par value per share                                                        | 71,978     | 71,978     |   |   |   |   |   |
|   Additional  paid-in capital                                                                 | 172,707    | 173,967    |   |   |   |   |   |
|   Retained  earnings                                                                          | 319,740    | 318,569    |   |   |   |   |   |
|   Accumulated  other comprehensive income (loss)                                              | (23,515)   | (9,655)    |   |   |   |   |   |
|   Treasury stock                                                                              | (16,947)   | (20,214)   |   |   |   |   |   |
|   Unearned ESOP  shares                                                                       | (12,600)   | (13,600)   |   |   |   |   |   |
|         Total  shareholders' equity                             | 511,363    | 521,045    |   |   |   |   |   |
|           Total  liabilities and shareholders' equity | $5,925,386 | $6,026,320 |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |
| Shares issued                                                                                           | 71,978,568 | 71,978,568 |   |   |   |   |   |
| Shares outstanding                                                                                      | 70,636,584 | 70,377,916 |   |   |   |   |   |
| Treasury shares                                                                                         | 1,341,984  | 1,600,652  |   |   |   |   |   |
| Book value per share                                                                                    | $7.24      | $7.40      |   |   |   |   |   |
| Market value per share                                                                                  | $12.70     | $12.93     |   |   |   |   |   |
|                                                                                                    |       |       |   |   |   |   |   |

 

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| FIRST COMMONWEALTH  FINANCIAL CORPORATION                                                                                                                                   |            |           |              |   |            |           |              |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|----------------|-------------------|--------|-----------------|----------------|-------------------|
| CONSOLIDATED SELECTED  FINANCIAL DATA                                                                                                                                       |            |           |              |   |            |           |              |
| (Dollar Amounts in Thousands)                                                                                                                                               |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| ***Quarter To Date Average Balance Sheets  and***                                                                                                                           |            |           |              |   |            |           |              |
| ***Net Interest Analysis At June 30,***                                                                                                                                     |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            | 2006           |              |   |            | 2005           |              |
|                                                                                                                                                                        | Average Balance | Income/Expense | Yield or Rate (a) |   | Average Balance | Income/Expense | Yield or Rate (a) |
| Assets                                                                                                                                                                      |            |           |              |   |            |           |              |
| Interest-earning assets:                                                                                                                                                    |            |           |              |   |            |           |              |
|   Time deposits  with banks                                                                                                                                       | $813            | $10            | 5.10%             |   | $746            | $7             | 3.46%             |
|   Tax free  investment securities                                                                                                                                 | 281,696         | 3,230          | 7.08%             |   | 277,395         | 3,129          | 6.96%             |
|   Taxable  investment securities                                                                                                                                  | 1,501,812       | 17,953         | 4.79%             |   | 1,873,475       | 19,586         | 4.19%             |
|   Federal funds  sold                                                                                                                                             | 1,098           | 13             | 4.81%             |   | 15,768          | 120            | 3.04%             |
|   Loans, net of  unearned income (b)(c)(d)                                                                                                                        | 3,650,617       | 60,487         | 6.85%             |   | 3,593,934       | 54,698         | 6.30%             |
|       Total  interest-earning assets                                                                                                          | 5,436,036       | 81,693         | 6.29%             |   | 5,761,318       | 77,540         | 5.64%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Noninterest-earning  assets:                                                                                                                                                |            |           |              |   |            |           |              |
|   Cash                                                                                                                                                            | 76,139          |           |              |   | 81,091          |           |              |
|   Allowance for  credit losses                                                                                                                                    | (38,685)        |           |              |   | (41,419)        |           |              |
|   Other assets                                                                                                                                                    | 436,011         |           |              |   | 433,934         |           |              |
|       Total  noninterest-earning assets                                                                                                       | 473,465         |           |              |   | 473,606         |           |              |
|         Total  Assets                                                                                                               | $5,909,501      |           |              |   | $6,234,924      |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Liabilities and  Shareholders' Equity                                                                                                                                       |            |           |              |   |            |           |              |
| Interest-bearing  liabilities:                                                                                                                                              |            |           |              |   |            |           |              |
|   Interest-bearing  demand deposits (e)                                                                                                                           | $580,267        | $2,463         | 1.70%             |   | $560,321        | $1,150         | 0.82%             |
|   Savings  deposits (e)                                                                                                                                           | 1,129,949       | 5,140          | 1.82%             |   | 1,341,923       | 4,892          | 1.46%             |
|   Time deposits                                                                                                                                                   | 1,788,520       | 17,579         | 3.94%             |   | 1,607,808       | 13,037         | 3.25%             |
|   Short-term  borrowings                                                                                                                                          | 594,735         | 6,622          | 4.47%             |   | 821,458         | 5,867          | 2.86%             |
|   Long-term debt                                                                                                                                                  | 783,921         | 8,596          | 4.40%             |   | 859,624         | 8,954          | 4.18%             |
|     Total  interest-bearing liabilities                                                                                                                 | 4,877,392       | 40,400         | 3.32%             |   | 5,191,134       | 33,900         | 2.62%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Noninterest-bearing  liabilities and capital:                                                                                                                               |            |           |              |   |            |           |              |
|   Noninterest-bearing  demand deposits (e)                                                                                                                        | 483,062         |           |              |   | 487,724         |           |              |
|   Other  liabilities                                                                                                                                              | 26,941          |           |              |   | 27,856          |           |              |
|   Shareholders'  equity                                                                                                                                           | 522,106         |           |              |   | 528,210         |           |              |
|       Total  noninterest-bearing funding sources                                                                                              | 1,032,109       |           |              |   | 1,043,790       |           |              |
|         Total  Liabilities and Shareholders' Equity                                                                                 | $5,909,501      |           |              |   | $6,234,924      |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Net Interest Income and  Net Yield on Interest-Earning Assets                                                                                                               |            | $41,293        | 3.31%             |   |            | $43,640        | 3.28%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| (a) Yields on  interest-earning assets have been computed on a tax equivalent basis using  the 35% Federal income tax statutory rate.                                       |            |           |              |
| (b) Average balance  includes loans held for sale.                                                                                                                          |            |           |              |   |            |           |              |
| (c) Income on nonaccrual  loans is accounted for on the cash basis, and the loan balances are included  in interest-earning assets.                                         |            |           |              |
| (d) Loan income includes  net loan fees.                                                                                                                                    |            |           |              |   |            |           |              |
| (e) Average balances do  not include reallocations from noninterest-bearing demand deposits and  interest-bearing demand deposits into savings deposits which were made for |
|       regulatory purposes.                                                                                                                    |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |

 

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| FIRST COMMONWEALTH  FINANCIAL CORPORATION                                                                                                                                   |            |           |              |   |            |           |              |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|----------------|-------------------|--------|-----------------|----------------|-------------------|
| CONSOLIDATED SELECTED  FINANCIAL DATA                                                                                                                                       |            |           |              |   |            |           |              |
| (Dollar Amounts in  Thousands)                                                                                                                                              |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| ***Year To Date Average Balance Sheets and***                                                                                                                               |            |           |              |   |            |           |              |
| ***Net Interest Analysis At June 30,***                                                                                                                                     |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            | 2006           |              |   |            | 2005           |              |
|                                                                                                                                                                        | Average Balance | Income/Expense | Yield or Rate (a) |   | Average Balance | Income/Expense | Yield or Rate (a) |
| Assets                                                                                                                                                                      |            |           |              |   |            |           |              |
| Interest-earning assets:                                                                                                                                                    |            |           |              |   |            |           |              |
|   Time deposits  with banks                                                                                                                                       | $926            | $24            | 5.22%             |   | $854            | $14            | 3.25%             |
|   Tax free  investment securities                                                                                                                                 | 281,187         | 6,449          | 7.12%             |   | 274,188         | 6,182          | 7.00%             |
|   Taxable  investment securities                                                                                                                                  | 1,537,970       | 36,141         | 4.74%             |   | 1,898,552       | 39,568         | 4.20%             |
|   Federal funds  sold                                                                                                                                             | 2,622           | 59             | 4.59%             |   | 8,255           | 124            | 3.02%             |
|   Loans, net of  unearned income (b)(c)(d)                                                                                                                        | 3,650,784       | 118,801        | 6.77%             |   | 3,568,436       | 107,289        | 6.25%             |
|       Total  interest-earning assets                                                                                                          | 5,473,489       | 161,474        | 6.21%             |   | 5,750,285       | 153,177        | 5.61%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Noninterest-earning  assets:                                                                                                                                                |            |           |              |   |            |           |              |
|   Cash                                                                                                                                                            | 76,968          |           |              |   | 80,050          |           |              |
|   Allowance for  credit losses                                                                                                                                    | (39,479)        |           |              |   | (41,720)        |           |              |
|   Other assets                                                                                                                                                    | 431,393         |           |              |   | 428,366         |           |              |
|       Total  noninterest-earning assets                                                                                                       | 468,882         |           |              |   | 466,696         |           |              |
|         Total  Assets                                                                                                               | $5,942,371      |           |              |   | $6,216,981      |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Liabilities and  Shareholders' Equity                                                                                                                                       |            |           |              |   |            |           |              |
| Interest-bearing  liabilities:                                                                                                                                              |            |           |              |   |            |           |              |
|   Interest-bearing  demand deposits (e)                                                                                                                           | $569,245        | $4,376         | 1.55%             |   | $561,231        | $2,099         | 0.75%             |
|   Savings  deposits (e)                                                                                                                                           | 1,154,828       | 10,122         | 1.77%             |   | 1,301,972       | 8,538          | 1.32%             |
|   Time deposits                                                                                                                                                   | 1,781,022       | 34,068         | 3.86%             |   | 1,594,207       | 24,944         | 3.16%             |
|   Short-term  borrowings                                                                                                                                          | 612,287         | 12,986         | 4.28%             |   | 868,478         | 11,425         | 2.65%             |
|   Long-term debt                                                                                                                                                  | 790,405         | 17,182         | 4.38%             |   | 849,060         | 17,599         | 4.18%             |
|     Total  interest-bearing liabilities                                                                                                                 | 4,907,787       | 78,734         | 3.24%             |   | 5,174,948       | 64,605         | 2.52%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Noninterest-bearing  liabilities and capital:                                                                                                                               |            |           |              |   |            |           |              |
|   Noninterest-bearing  demand deposits (e)                                                                                                                        | 481,904         |           |              |   | 483,214         |           |              |
|   Other  liabilities                                                                                                                                              | 27,850          |           |              |   | 26,017          |           |              |
|   Shareholders'  equity                                                                                                                                           | 524,830         |           |              |   | 532,802         |           |              |
|       Total  noninterest-bearing funding sources                                                                                              | 1,034,584       |           |              |   | 1,042,033       |           |              |
|         Total  Liabilities and Shareholders' Equity                                                                                 | $5,942,371      |           |              |   | $6,216,981      |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| Net Interest Income and  Net Yield on Interest-Earning Assets                                                                                                               |            | $82,740        | 3.31%             |   |            | $88,572        | 3.34%             |
|                                                                                                                                                                        |            |           |              |   |            |           |              |
| (a) Yields on  interest-earning assets have been computed on a tax equivalent basis using  the 35% Federal income tax statutory rate.                                       |            |           |              |
| (b) Average balance  includes loans held for sale.                                                                                                                          |            |           |              |   |            |           |              |
| (c) Income on nonaccrual  loans is accounted for on the cash basis, and the loan balances are included  in interest-earning assets.                                         |            |           |              |
| (d) Loan income includes  net loan fees.                                                                                                                                    |            |           |              |   |            |           |              |
| (e) Average balances do  not include reallocations from noninterest-bearing demand deposits and  interest-bearing demand deposits into savings deposits which were made for |
|       regulatory purposes.                                                                                                                    |            |           |              |   |            |           |              |
|                                                                                                                                                                        |            |           |              |   |            |           |              |

 

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| FIRST COMMONWEALTH  FINANCIAL CORPORATION                                                                                                                        |                  |                   |   |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|------------------------|--------|--------|--------|--------|--------|
| CONSOLIDATED SELECTED  FINANCIAL DATA                                                                                                                            |                  |                   |   |   |   |   |   |
| (Dollar Amounts in  Thousands)                                                                                                                                   |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
| ***Asset Quality Data At June 30,***                                                                                                                             |                  |                   |   |   |   |   |   |
|                                                                                                                                                             | 2006                  | 2005                   |   |   |   |   |   |
| Loans on nonaccrual basis                                                                                                                                        | $14,785               | $11,149                |   |   |   |   |   |
| Past due more than 90 days                                                                                                                                       | 15,928                | 15,258                 |   |   |   |   |   |
| Renegotiated loans                                                                                                                                               | 166                   | 179                    |   |   |   |   |   |
|      Total  nonperforming loans                                                                                                         | $30,879               | $26,586                |   |   |   |   |   |
| Loans outstanding at end  of period (a)                                                                                                                          | $3,684,423            | $3,601,314             |   |   |   |   |   |
| Average loans outstanding  (year-to-date) (a)                                                                                                                    | $3,650,784            | $3,568,436             |   |   |   |   |   |
| Allowance for credit  losses                                                                                                                                     | $39,020               | $41,404                |   |   |   |   |   |
| Nonperforming loans as  percent of total loans                                                                                                                   | 0.84%                 | 0.74%                  |   |   |   |   |   |
| Net charge-offs  (year-to-date)                                                                                                                                  | $4,291                | $4,403                 |   |   |   |   |   |
| Reduction in allowance for  credit losses due to transfer of                                                                                                     |                  |                   |   |   |   |   |   |
|    credit  to held for sale                                                                                                                       | $1,387                | $0                     |   |   |   |   |   |
| Net charge-offs as percent  of average loans (annualized)                                                                                                        | 0.31%                 | 0.25%                  |   |   |   |   |   |
| Allowance for credit  losses as percent of average loans                                                                                                         |                  |                   |   |   |   |   |   |
|    outstanding                                                                                                                                    | 1.07%                 | 1.16%                  |   |   |   |   |   |
| Allowance for  credit losses as percent of nonperforming                                                                                                    |                  |                   |   |   |   |   |   |
|    loans                                                                                                                                          | 126.36%               | 155.74%                |   |   |   |   |   |
| Other real estate owned                                                                                                                                          | $1,930                | $1,226                 |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
| (a) Includes loans held  for sale                                                                                                                                |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
| ***Profitability Ratios***                                                                                                                                       |                  |                   |   |   |   |   |   |
|                                                                                                                                                             | For the Quarter Ended | For the 6 Months Ended |   |   |   |
|                                                                                                                                                             | June 30,              | June 30,               |   |   |   |
|                                                                                                                                                             | 2006                  | 2005                   | 2006   | 2005   |   |   |   |
| Return on average assets                                                                                                                                         | 0.83%                 | 1.15%                  | 0.85%  | 1.07%  |   |   |   |
| Return on average equity                                                                                                                                         | 9.39%                 | 13.55%                 | 9.67%  | 12.51% |   |   |   |
| Efficiency ratio (FTE) (b)                                                                                                                                       | 59.36%                | 54.64%                 | 61.84% | 56.90% |   |   |   |
| Fully tax equivalent  adjustment                                                                                                                                 | $3,608                | $3,404                 | $7,178 | $6,671 |   |   |   |
|                                                                                                                                                             |                  |                   |   |   |   |   |   |
| (b) Efficiency ratio is "total  other expenses" as a percentage of total revenue.                                                                      |                  |                   |   |
|      Total  revenue consists of "net interest income, on a fully tax-equivalent  basis," plus "total other income." |                  |                   |   |