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 Video: What is a Stock Split?
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| First Commonwealth Financial Corporation is a financial holding company. Co.'s operating subsidiaries include First Commonwealth Bank (the Bank), First Commonwealth Insurance Agency, Inc. (FCIA) and FRAMAL. It provides a diversified array of consumer and commercial banking services through its bank subsidiary, FCB. It also provides trust and wealth management services through FCB and offer insurance products through FCIA. The Bank operated 126 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus, Canfield and Hudson, Ohio. According to our FCF split history records, First Commonwealth Financial has had 2 splits. | |
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First Commonwealth Financial (FCF) has 2 splits in our FCF split history database. The first split for FCF took place on February 11, 1994. This was a 2 for 1
split, meaning for each share of FCF owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FCF's second split took place on November 19, 1999. This was a 2 for 1
split, meaning for each share of FCF owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as First Commonwealth Financial splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FCF split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Commonwealth Financial shares, starting with a $10,000 purchase of FCF, presented on a split-history-adjusted basis factoring in the complete FCF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/12/2015 |
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| End date: |
02/10/2025 |
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| Start price/share: |
$8.72 |
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| End price/share: |
$16.48 |
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| Starting shares: |
1,146.79 |
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| Ending shares: |
1,580.64 |
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| Dividends reinvested/share: |
$4.07 |
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| Total return: |
160.49% |
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| Average Annual Total Return: |
10.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,038.72 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/12/2015 |
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| End date: |
02/10/2025 |
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| Start price/share: |
$8.72 |
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| End price/share: |
$16.48 |
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| Dividends collected/share: |
$4.07 |
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| Total return: |
135.67% |
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| Average Annual Total Return: |
8.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,570.80 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/11/1994 | 2 for 1
| | 11/19/1999 | 2 for 1
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