Consumers and Small Businesses Now Able to Apply for More Than 40 Banking Products Simultaneously with One Universal ProcessPITTSBURGH, July 24, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, today announced the addition of business deposit products to the eStore® Common application (Common app). Customers can now use one universal application for both business and personal bank accounts — affirming the Company's leadership in digital innovation that is ...

Core Viewpoint - F.n.b. reported strong Q2 2025 earnings that exceeded analyst expectations, showcasing profitability and capital growth driven by a wider net interest margin, increased loans and deposits, and record fee income [1][5][12] Financial Performance - Non-GAAP earnings per share (EPS) for Q2 2025 were $0.36, surpassing the $0.34 estimate and reflecting a 5.9% year-over-year increase [2] - GAAP revenue reached $438 million, exceeding the forecast of $424.17 million and marking an 8.4% increase from $403.8 million in Q2 2024 [2] - Net income available to common shareholders (GAAP) was $130.7 million in Q2 2025 [5] - Average loan and lease balances rose to $34.5 billion, up 3.7%, while average deposits grew 7.3% to $37.1 billion [5] Profitability Metrics - The net interest margin (non-GAAP) expanded to 3.19%, up from 3.09% in the previous year, indicating improved lending profitability [6] - Non-interest income reached a record $91.0 million, with capital markets income increasing by 34.1% year-over-year [7] Strategic Developments - The bank is focusing on expanding its market reach through both traditional branches and digital channels, alongside investing in new technology platforms [4] - The acquisition of Raptor Partners introduced a new advisory product line, enhancing fee income diversity [7] - Continued investment in technology includes AI-driven digital onboarding and a Clicks-to-Bricks approach to streamline customer interactions [8] Credit Quality and Capital - Credit quality remained robust, although the provision for credit losses (GAAP) increased by 26.8% compared to Q2 2024 [11] - The Common Equity Tier 1 (CET1) regulatory capital ratio was 10.8%, well above regulatory minimums, with tangible book value per share climbing 12.8% to $11.14 [12] Future Guidance - Management maintained full-year guidance for 2025, projecting net interest income between $1.345 billion and $1.385 billion and non-interest income between $350 million and $370 million [13] - Loan growth pipelines are expected to pick up seasonally in the second half of 2025, with ongoing investments in technology and compliance being key areas to monitor [14]

Core Insights - F.N.B. Corporation (FNB) reported second-quarter 2025 earnings of 36 cents per share, exceeding the Zacks Consensus Estimate of 33 cents and up from adjusted earnings of 34 cents in the prior-year quarter [1][10] - The company's net income available to common stockholders was $130.7 million, reflecting a year-over-year increase of 5.7% [2] Financial Performance - Quarterly net revenues reached $438.2 million, an increase of 8.5% from the same quarter last year, surpassing the Zacks Consensus Estimate of $420.8 million [3] - Net interest income (NII) was $347.2 million, up 9.9% year over year, driven by growth in earning assets and lower interest-bearing deposit costs, with a net interest margin (NIM) of 3.19%, expanding 10 basis points [4] - Non-interest income totaled $91 million, a 3.5% increase, with growth in most components except for service charges and mortgage banking operations [5] - Non-interest expenses rose to $246.2 million, an 8.7% increase year over year, with adjusted expenses rising 9% when excluding one-time costs from the previous year [5] Loan and Deposit Growth - At the end of the second quarter, net loans and leases were $34.2 billion, up 1.3% sequentially, while total deposits increased to $37.7 billion, up 1.4% [6] Credit Quality - The provision for credit losses was $25.6 million, a significant increase of 26.7% from the prior-year quarter, with the ratio of non-performing loans and other real estate owned (OREO) to total loans and OREO increasing to 0.34% [7] Capital and Profitability Ratios - As of June 30, 2025, the Tier I leverage ratio improved to 8.78% from 8.63% a year ago, and the common equity Tier 1 (CET1) ratio increased to 10.8% from 10.2% [8] - Return on total average assets was 1.07%, slightly up from 1.06% in the prior-year period, while return on average equity decreased to 8.09% from 8.20% [9] Share Repurchase Activity - During the reported quarter, F.N.B. Corp repurchased 0.7 million shares at an average price of $13.85 [11] Future Outlook - The company's solid liquidity position is expected to support future growth, with anticipated benefits from increased fee income and diverse revenue streams, although rising expenses and significant commercial loan exposures may pose challenges [12]

F.N.B. (FNB) Q2 2025 Earnings Call July 18, 2025 08:30 AM ET Company ParticipantsLisa Hajdu - Manager - IRVincent J. Delie - Chairman, President & CEOGary Guerrieri - Chief Credit OfficerVincent J. Calabrese - CFODaniel Tamayo - Vice PresidentRussell Gunther - Managing DirectorTimur Braziler - Director - Mid-Cap Bank Equity ResearchKelly Motta - Managing DirectorBrian Martin - Director - Banks & ThriftsNone - ExecutiveConference Call ParticipantsCasey Haire - Senior Analyst - US Mid-Cap BanksManuel Navas - ...

Financial Data and Key Metrics Changes - The company reported a net income available to common shareholders of $130.7 million, or $0.36 per share, with a linked quarter revenue growth of 6.5% [4][18] - Pre-provision net revenue rose 16% from the prior quarter to $192 million, and the CET1 ratio approached 11% [4][24] - The tangible common equity ratio stood at 8.5%, with tangible book value per share increasing by 13% year over year to $11.14 [4][24] Business Line Data and Key Metrics Changes - Net interest income reached a record $347 million, while non-interest income totaled $91 million, marking the highest level in the company's history [4][22] - Average loans and leases totaled $34.5 billion, reflecting a 5.3% annualized linked quarter increase, driven by consumer loans and commercial loans [19] - Non-interest income grew significantly, with capital markets income showing strong performance due to record debt capital markets income [22] Market Data and Key Metrics Changes - Average total deposits grew to over $37 billion, with a non-interest bearing demand deposit level maintained at 26% [5][20] - The loan-to-deposit ratio ended the quarter at 91.9%, down slightly from the last quarter [5][20] - The company experienced organic growth across its diverse geographic footprint, with average annualized loan growth totaling 5.3% [5][20] Company Strategy and Development Direction - The company is focused on expanding its capabilities to gain market share, particularly in non-interest income and diversifying revenue streams [6][10] - Recent expansions into public finance and corporate investment banking services are part of the strategy to enhance high-value business lines [7][10] - The integration of the eStore common application into the branch origination platform is aimed at improving customer onboarding and experience [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a pickup in commercial loan growth in 2025, supported by a strong increase in the short-term commercial loan pipeline [19] - The company is closely monitoring the economic environment, including tariff impacts and geopolitical events, while maintaining strong liquidity and capital positions [11][12] - Management highlighted the importance of maintaining a disciplined approach to credit risk management, resulting in improved asset quality metrics [12][13] Other Important Information - The efficiency ratio remained favorable at 54.8%, with expectations for positive operating leverage in the second half of 2025 [24] - The company is actively managing its capital position, with a CET1 ratio of 10.8% and ongoing share repurchase activities [24][100] - The down payment assistance program costs are expected to taper off after fulfilling commitments from a settlement agreement [23][94] Q&A Session Summary Question: Margin guidance for the third quarter - Management indicated expectations for a flattish to slightly up margin in the next two quarters, with a significant increase in net interest income contributing to this outlook [31][32] Question: Increase in expenses due to the Payment Assistance Program - The increase in expenses was primarily due to the down payment assistance program, which is expected to stabilize in the coming quarters [37][38] Question: Deposit cost perspective and competition - Management noted that total interest-bearing deposit costs are expected to remain stable until the Federal Reserve makes a move, with confidence in their ability to gather deposits due to a diverse geographic footprint [46][47] Question: Future loan growth composition - The company anticipates a shift towards commercial loan growth while tapering off residential mortgage lending, with a strong short-term pipeline in commercial lending [80][84] Question: Confidence in deposit growth - Management expressed confidence in deposit growth, supported by a strong pipeline of commercial deposit prospects and a focus on non-interest bearing deposits [114]

Financial Performance - Net income available to common shareholders increased by 121% linked-quarter to $1307 million or $036 per diluted common share[10] - Revenue grew by 65% linked-quarter driven by record net interest income and non-interest income[10] - Pre-provision net revenue totaled $1920 million a 165% increase from the prior quarter[10] Balance Sheet and Asset Quality - Average total loans and leases increased by $4517 million or 53% annualized linked-quarter[10] - Average total deposits increased by $1556 million or 17% annualized linked-quarter with non-interest-bearing deposits stable at 26% of total deposits[10] - The ratio of non-performing loans and OREO to total loans and OREO decreased 14 basis points to 034% from the prior quarter[10] - Allowance for Credit Losses totaled $4321 million or 125% of loans stable with the prior quarter[10] Capital and Shareholder Returns - Record tangible book value of $1114 per share with year-over-year growth of $126 or 128%[10] - Record capital metrics CET1 ratio of 108% and tangible common equity to tangible assets of 85%[10] - The company repurchased 07 million shares of common stock at a weighted average share price of $1385 during the second quarter of 2025[10] Guidance - The company expects mid-single-digit growth for both spot loans and spot deposits[65]

F.N.B. Corporation Reports Second Quarter Earnings Record Revenue of $438 Million Grew 6.5% Linked-Quarter With Increased Profitability Driving Record Capital Levels PITTSBURGH, PA – July 17, 2025 – F.N.B. Corporation (NYSE: FNB) reported earnings for the second quarter of 2025 with net income available to common shareholders of $130.7 million, or $0.36 per diluted common share. Comparatively, second quarter of 2024 net income available to common shareholders totaled $123.0 million ($123.7 million on an ope ...

Core Insights - F.N.B. reported revenue of $438.21 million for Q2 2025, an 8.5% year-over-year increase, with EPS of $0.36 compared to $0.34 a year ago, exceeding Zacks Consensus Estimates [1] - The revenue surprise was +4.13% over the estimated $420.82 million, while the EPS surprise was +9.09% over the consensus estimate of $0.33 [1] Financial Performance Metrics - Efficiency Ratio stood at 54.8%, better than the average estimate of 56.3% from three analysts [4] - Net Interest Margin was 3.2%, surpassing the average estimate of 3.1% from three analysts [4] - Average Balance of Total Interest Earning Assets was $44.04 billion, exceeding the average estimate of $43.87 billion from two analysts [4] - Total Non-Performing Loans were reported at $117 million, significantly lower than the estimated $171.33 million [4] - Net charge-offs to average loans were 0.3%, slightly above the estimated 0.2% [4] - Mortgage banking operations generated $6.31 million, below the average estimate of $7.62 million [4] - Total Non-Interest Income was $91.02 million, exceeding the average estimate of $89.16 million [4] - Insurance commissions and fees were $5.11 million, slightly below the estimated $5.43 million [4] - Net Interest Income reached $347.2 million, higher than the average estimate of $332.4 million [4] - Bank owned life insurance income was $3.84 million, below the average estimate of $5.14 million [4] - Capital markets income was $6.9 million, exceeding the average estimate of $5.13 million [4] - Trust services income was $11.59 million, slightly below the average estimate of $11.82 million [4] Stock Performance - F.N.B. shares returned +12.6% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for near-term outperformance against the broader market [3]

Company Performance - F.N.B. reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and showing an increase from $0.34 per share a year ago, resulting in an earnings surprise of +9.09% [1] - The company posted revenues of $438.21 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.13% and up from $403.81 million year-over-year [2] - Over the last four quarters, F.N.B. has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Outlook - F.N.B. shares have increased approximately 4.9% since the beginning of the year, compared to the S&P 500's gain of 6.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.36 on revenues of $435.17 million, and for the current fiscal year, it is $1.41 on revenues of $1.72 billion [7] Industry Context - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the top 23% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Core Viewpoint - F.N.B. Corporation reported strong second quarter results for 2025, achieving record revenue of $438 million, a 6.5% increase from the previous quarter, driven by margin expansion and growth in both net interest and non-interest income [2][3] Financial Performance - Net income available to common shareholders reached $130.7 million, or $0.36 per diluted common share, compared to $123.0 million ($0.34 per diluted common share) in the second quarter of 2024 and $116.5 million ($0.32 per diluted common share) in the first quarter of 2025 [1][3] - Pre-provision net revenue (non-GAAP) grew significantly with a linked-quarter increase of 16% [2] - Non-interest income totaled a record $91.0 million, up from $87.9 million, with capital markets income increasing by 34.1% [11][21] Capital and Asset Quality - The Common Equity Tier 1 (CET1) ratio was estimated at 10.8%, up from 10.2% a year ago, indicating strong capital levels [4][15] - Tangible book value per common share (non-GAAP) increased to $11.14, a 12.8% rise year-over-year [15][24] - The ratio of non-performing loans and other real estate owned (OREO) to total loans decreased to 0.34%, reflecting solid asset quality metrics [13][23] Loan and Deposit Growth - Average loans and leases totaled $34.5 billion, an increase of $1.2 billion, or 3.7%, with notable growth in consumer loans and commercial loans [5][9] - Average deposits reached $37.1 billion, a rise of $2.5 billion, or 7.3%, driven by increases in interest-bearing demand deposits [10][19] Expense Management - Non-interest expense totaled $246.2 million, an increase of $19.6 million, or 8.7%, primarily due to strategic hiring and technology investments [12][22] - The efficiency ratio (non-GAAP) improved to 54.8%, down from 58.5% in the previous quarter [22]