NYSE:  FCF
 NYSE: FCF
 First Commonwealth 
 Financial Corporation 
 Announces Another Step in 
 Building its Ohio Business
 July 27, 2016
 NYSE:  FCF
 Forward‐looking Statements
 This presentation contains forward‐looking statements about First Commonwealth’s future plans, strategies and financial performance that 
 may be considered forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the 
 Securities Exchange Act of 1934. These forward‐looking statements are intended to be covered by the safe harbor provisions of the Private 
 Securities Litigation Reform Act of 1995, and this statement is included for purposes of complying with these safe harbor provisions.  These 
 statements can be identified by the fact that they do not relate strictly to historical or current facts and often include words such as 
 "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," 
 "would," "should," "could" or "may."  These forward‐looking statements are based on current plans and expectations, which are subject to 
 a number of risk factors and uncertainties that could cause future results to differ materially from historical performance or future 
 expectations. These differences may be the result of various factors, including, among others: (1) failure of the parties to satisfy the closing 
 conditions in the purchase and assumption agreement in a timely manner or at all; (2) failure to obtain governmental approvals for the 
 acquisition of the branches; (3) disruptions to the parties’ businesses as a result of the announcement and pendency of the branch 
 acquisition; (4) costs or difficulties related to the integration of the business of the acquired branches following the closing of the 
 transaction; (5) the risk that the anticipated benefits, cost savings and any other savings from the transaction may not be fully realized or 
 may take longer than expected to realize; (6) changes in general business, industry or economic conditions or competition; (7) adverse 
 changes or conditions in the capital and financial markets; (8) changes in interest rates; (9) the inability to realize expected cost savings or 
 achieve other anticipated benefits in connection with the proposed transaction; (10) changes in the quality or composition of loan and 
 investment portfolios; (11) adequacy of loan loss reserves and changes in loan default and charge‐off rates; (12) increased competition 
 and its effect on pricing and revenues; (13) deposit attrition, necessitating increased borrowings to fund loans and investments; (14) 
 rapidly changing technology; (15) unanticipated regulatory or judicial proceedings and liabilities and other costs; (16) changes in the cost 
 of funds, demand for loan products or demand for financial services; and (17) other economic, competitive, governmental or technological 
 factors affecting operations, markets, products, services and prices. 
 In addition, risk factors include but are not limited to, the risk factors described in First Commonwealth’s Annual Report on Form 10‐K for 
 the year ended December 31, 2015.  Forward‐looking statements speak only as of the date on which they are made.  First Commonwealth 
 undertakes no obligation to update any forward‐looking statements to reflect circumstances or events that occur after the date the 
 forward‐looking statements are made.
 NYSE:  FCF
 Successful Strategy in Ohio
 3
 Measured Buildout in Ohio
  Leveraging significant management experience in Ohio market
  Opened a business center in Cleveland in April 2014
  Targeting commercial customers in northeastern OH
  Acquired First Community Bank in Columbus, OH in October 
 2015
  ~$100 million in assets and ~$90 million in deposits at 
 time of acquisition
  Cost savings fully achieved
  Less than 2% deposit attrition since close
  Opened two mortgage production offices in central and 
 northeast OH in 2016
  Continue to build‐out mortgage delivery in central and 
 northeastern OH 
  Today’s announced acquisition provides important core deposit 
 funding to support First Commonwealth’s growth opportunities 
 in Ohio
  With today’s announced acquisition, First Commonwealth’s Ohio 
 franchise is comprised of:
  107 employees
  $680 million loans
  $827 million deposits
  17 banking branches
  3 loan production offices
 Ohio Loan Portfolio ($MM)(1)
 First Commonwealth’s presence in Ohio presents significant opportunity for growth
 (1): Includes all OH based consumer loans, Commercial Real Estate loans with properties located in OH and C&I loans with borrowers headquartered in OH 
 $146
 $177
 $202
 $232
 $284
 $332
 $424
 $502
 $565
 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
 NYSE:  FCF
 Canton
 Ashtabula
 Columbus
 PA
 OH Pittsburgh
 Altoona
 Cleveland
 Real Estate 
 Lines
 52%Commercial
 38%
 Real Estate 
 Loans
 8%
 Auto / 
 Vehicle
 2%
 Other 
 Consumer
 0%
 Small 
 Business
 0%
 Savings
 57%
 Demand / 
 NOW
 36%
 CDs
 4%
 IRAs
 3%
 Another Step in Building Our Ohio Business
 4
 Note: Acquired loan and deposit data as of May 31, 2016.
 (1): As of June 30, 2015, pro forma for announced M&A through July 26, 2016.
  Acquisition of 13 FirstMerit branches in Northeast Ohio in 
 conjunction with Huntington’s previously announced acquisition 
 of FirstMerit
  $56 million average deposits per branch
  $735 million of deposits at an average cost of 0.22%
  $115 million of loans yielding 4.05%
  Top 10 pro forma deposit market share(1) in target markets 
 provides meaningful market presence
  First Commonwealth will become the largest community 
 bank in the Canton market
  #3 in Canton, OH MSA
  #6 in Ashtabula, OH MSA
  Northeast Ohio markets complement existing Cleveland loan 
 production office and Columbus presence
  Financially compelling
  4.5% deposit premium
  Immediately accretive to GAAP and Cash earnings per 
 share
  IRR significantly exceeds cost of capital
 First Commonwealth Pro Forma Footprint
 Acquired Deposits Acquired Loans
 Total Deposits: $735MM
 Cost of Deposits: 0.22%
 Total Loans: $115MM
 Yield on Loans: 4.05%
 Acquired FirstMerit Branches First Commonwealth
 First Commonwealth Commercial Loan Production Office
 First Commonwealth Mortgage Loan Production Office
 NYSE:  FCF
 Pro Forma Deposit Market Share
 5
 Note: Branch and deposit data as of June 30, 2015, pro forma for M&A announced through July 26, 2016, except acquired branches and deposits, which are as of May 31, 2016.
 Source: SNL Financial.
 Top 10 Banks in Canton, OH MSA Top Banks in Ashtabula, OH MSA
 Deposit
 Deposits Market
 Rank Institution Branches ($MM) Share
 1. Huntington / FirstMerit (ex. divestiture) 31 $2,542 39.4%
 2. JPMorgan 13 815 12.6
 3. First Commonwealth 11 676 10.5
 4. Citizens Financial 14 601 9.3
 5. KeyCorp 13 561 8.7
 6. PNC Financial 12 425 6.6
 7. Consumers Bancorp 9 236 3.7
 8. Ohio Legacy Corp 2 188 2.9
 9. Fifth Third 5 109 1.7
 10. Magnolia Bancorp 3 66 1.0
 Deposit
 Deposits Market
 Rank Institution Branches ($MM) Share
 1. Huntington / FirstMerit (ex. divestiture) 9 $274 27.4%
 2. Andover Bancorp 8 271 27.1
 3. KeyCorp 6 182 18.1
 4. U.S. Bancorp 3 85 8.4
 5. Conneaut Bancorp 2 63 6.3
 6. First Commonwealth 2 59 5.9
 7. Northwest Bancshares 2 30 3.0
 8. Middlefield Banc Corp. 1 29 2.9
 9. Cortland Bancorp 1 10 1.0
 NYSE:  FCF
 Key Transaction Terms
 6
 Note: Acquired branches, deposit and loan data as of May 31, 2016.
 (1): Net book value as of May 31, 2016.
 Purchase Price 
  4.5% premium on deposits 
  $33.1 million based on $735 million of deposits as of May 31, 2016
  Premium will be calculated based on average daily balance of deposits for the 30 days prior to and inclusive
 of the 5th business day prior to closing
 Loans
  $115 million of loans as of May 31, 2016
  62% consumer
  38% commercial
 Branches
  13 branches in Canton and Ashtabula markets
  Canton: 11 branches with $676 million deposits
  Ashtabula: 2 branches with $59 million deposits
 Fixed Assets
  Fixed assets to be acquired at net book value at close
  Approximately $4.6 million in aggregate(1)
 One‐Time Costs  $2.7 million pre‐tax one‐time restructuring charges
 EPS
 Accretion
  Immediately accretive to EPS
  ~5% GAAP EPS accretive by year 3
  ~8% Cash EPS accretive by year 3
 Tangible Book Value
 Dilution
  ~5.0% tangible book value dilution at close including the impact of all one‐time restructuring charges
  <5 year tangible book value per share earn back period (crossover method)
 Purchase Accounting
 Marks
  2.4% credit mark on loan portfolio ($2.8 million)
  $1.4 million interest rate mark on loans
  CDI equal to 2.07% of core deposits 
 Capital  Remaining capacity under January 2016 common stock repurchase program not expected to be executed
 Closing Conditions  Customary regulatory approvals
 Expected Closing  4Q16
 NYSE:  FCF
 NYSE: FCF
 For more information, please contact:
 Ryan M. Thomas
 Vice President / Finance & Investor Relations
 First Commonwealth Financial Corporation
 654 Philadelphia Street
 Indiana, Pennsylvania 15701
 (724) 463‐1690
 InvestorRelations@fcbanking.com