Core Insights - F.N.B. Corporation has been recognized with over 115 awards from Crisil Coalition Greenwich, emphasizing its exceptional service to small and middle market business clients over 14 consecutive years [1][3][4] - The 2025 Best Bank Awards highlight the ability of honorees to provide high-quality service, innovative digital banking tools, and insights for optimizing business performance [2][5] Company Performance - F.N.B. Corporation received a total of 15 Best Bank Awards for 2025, including 10 National and Regional Best Bank Awards for its service to small business clients with sales between $1 million and $10 million [3][4] - The company earned National honors for its quality service to middle market clients with sales ranging from $10 million to $500 million [4] Recognition and Awards - The awards were based on over 25,000 interviews with businesses across the United States, showcasing F.N.B.'s strong client satisfaction and service quality [5] - F.N.B. has been recognized for various aspects including Satisfaction with Relationship Manager, Overall Satisfaction, and Ease of Doing Business [8] Company Overview - F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, and operates in seven states and the District of Columbia, with total assets nearing $49 billion and approximately 350 banking offices [6][10] - The company offers a comprehensive range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network [7][9]

Group 1: FNB's Commitment and Contributions - FNB's donation aims to enhance behavioral health access for patients and families, serving as a model for pediatric hospitals nationwide [1] - The FNB Hub for Family Support will create a structure for Family Support Partners, who will assist families in navigating the behavioral health system [1] - FNB's gift contributes to the "This Moment" campaign, which has a goal of raising $200 million for advancements in pediatric health, with 71% of the goal achieved for behavioral health services [3] Group 2: UPMC Children's Hospital Foundation - UPMC Children's Hospital Foundation focuses on uniting communities to create healthier futures for children through care and research [5] - The foundation is the sole fundraising arm of UPMC Children's Hospital of Pittsburgh, aiming to be a leader in pediatric healthcare [5] - UPMC Children's Hospital is recognized for its excellence in treating childhood conditions and is consistently ranked in all 11 pediatric specialties by U.S. News & World Report [9] Group 3: F.N.B. Corporation Overview - F.N.B. Corporation is a diversified financial services company with total assets of nearly $49 billion and operates in seven states and the District of Columbia [6] - The company provides a full range of banking solutions, including commercial, consumer, and wealth management services [7] - F.N.B. Corporation's common stock trades on the New York Stock Exchange under the symbol "FNB" and is included in the S&P MidCap 400 Index [8]

Core Insights - FNB Financial Center's grand opening marks a significant milestone in Pittsburgh's economic development, representing a decade-long project that faced challenges due to the COVID-19 pandemic [1][2] - The center is expected to catalyze $1 billion in economic expansion in the Lower Hill District and surrounding areas, serving as an anchor for the redevelopment of the former Civic Arena site [8][9] Company Overview - F.N.B. Corporation, headquartered in Pittsburgh, operates in seven states and the District of Columbia, with total assets nearing $49 billion and approximately 350 banking offices [10][11] - The company provides a comprehensive range of financial services, including commercial banking, consumer banking, and wealth management solutions [11] Economic Impact - The FNB Financial Center is anticipated to create hundreds of high-quality jobs in Pittsburgh, enhancing the local economy and community [2][8] - FNB has committed over $235 million to the local community, including substantial participation from underrepresented businesses during construction [9] Facility Features - The FNB Financial Center is a state-of-the-art, 26-story building that includes modern workspaces designed to foster communication and collaboration among employees [3] - The center features an FNB Digital Branch, which offers a flexible banking experience through self-service kiosks and consultative personnel [4][6] Community Commitment - During the grand opening, FNB announced a $1 million contribution to the UPMC Children's Hospital Foundation to support families navigating healthcare resources [7] - The company has implemented initiatives to ensure local contractors have the necessary resources to participate in the project, further demonstrating its commitment to the community [9]

Core Viewpoint - F.N.B. Corporation reported fourth-quarter 2024 adjusted earnings per share (EPS) of 38 cents, exceeding the Zacks Consensus Estimate of 33 cents, while remaining flat compared to the prior-year quarter [1][2]. Financial Performance - The net income available to common stockholders was $109.9 million, a significant increase from $50.8 million year over year, although it fell short of the estimate of $114.7 million [3]. - For 2024, adjusted earnings were $1.39 per share, surpassing the Zacks Consensus Estimate of $1.34, but reflecting an 11.5% decline from 2023 [3]. - Quarterly net revenues reached $373.1 million, up 10.7% from the previous year, but missed the Zacks Consensus Estimate of $408 million [4]. - For 2024, net revenues totaled $1.60 billion, a 1.7% increase from 2023, yet also lagged behind the Zacks Consensus Estimate of $1.63 billion [4]. Income and Expenses - Net interest income (NII) was $322.2 million, slightly down from the prior-year quarter, primarily due to higher deposit costs, although it was better than the estimate of $318.9 million [5]. - Non-interest income improved to $50.9 million from $13.1 million in the prior year, driven by increases in various fee income components, despite declines in capital markets income and other areas [6]. - Non-interest expenses were $248.2 million, down 6.5% year over year, but adjusted expenses rose 13.4% after excluding significant items [7]. Credit Quality - The provision for credit losses was $22.3 million, a 68.1% increase from the prior-year quarter, which was lower than the estimate of $29.6 million [8]. - The ratio of non-performing loans and other real estate owned (OREO) to total loans and OREO increased by 14 basis points to 0.48% [8]. - Total delinquency rose by 13 basis points to 0.83% [8]. Future Outlook - The company's liquidity position is solid, and it is expected to benefit from efforts to increase fee income and diverse revenue streams [10]. - However, rising expenses, higher funding costs, and significant commercial loan exposures may negatively impact profits in the near term [10].

Financial Data and Key Metrics Changes - The company reported its fourth quarter earnings, with a focus on non-GAAP financial measures alongside GAAP results [3][4] - Reconciliations of GAAP to non-GAAP operating measures were provided in the presentation materials [3] Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not provided in the available content [5] Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the provided content [5] Company Strategy and Development Direction and Industry Competition - The company emphasized the importance of forward-looking statements and non-GAAP financial measures in its reporting [3][4] - The strategic direction and competitive landscape were not explicitly discussed in the available content [5] Management's Comments on Operating Environment and Future Outlook - Management has indicated that the earnings call will include forward-looking statements, suggesting a focus on future performance [3][4] - No specific comments on the operating environment or future outlook were detailed in the provided content [5] Other Important Information - The earnings call was recorded and will be available for replay until January 29 [4] - The webcast link for the call will be posted on the corporate website [4] Q&A Session Summary - No questions or answers from the Q&A session were included in the provided content [5]

Core Insights - F.N.B. reported revenue of $407.12 million for the quarter ended December 2024, reflecting a year-over-year increase of 20.8% [1] - The earnings per share (EPS) remained stable at $0.38, matching the previous year's figure, while the EPS surprise was +15.15% against a consensus estimate of $0.33 [1] Financial Performance Metrics - The efficiency ratio was reported at 56.9%, slightly higher than the estimated 55.7% [4] - The net interest margin was consistent at 3%, aligning with analyst expectations [4] - Total interest-earning assets averaged $42.67 billion, exceeding the estimate of $42.48 billion [4] - Total non-performing loans amounted to $159 million, significantly higher than the estimated $125.85 million [4] - Net charge-offs to average loans were reported at 0.2%, matching the analyst estimate [4] - Total non-interest income was $84.90 million, below the estimated $88.53 million [4] - Net interest income was reported at $322.22 million, slightly above the average estimate of $319.92 million [4] - Capital markets income reached $6.57 million, surpassing the estimate of $6.29 million [4] - Trust services income was $11.56 million, exceeding the estimated $11.02 million [4] - Insurance commissions and fees were reported at $4.53 million, below the estimate of $4.82 million [4] - Net interest income (FTE) was $325.15 million, compared to the average estimate of $321.23 million [4] Stock Performance - F.N.B. shares have returned +6.6% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Core Insights - F.N.B. reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, with a year-over-year comparison showing no change in earnings per share [1] - The company achieved an earnings surprise of 15.15% for the quarter, while the previous quarter saw a negative surprise of -5.56% [1][2] - F.N.B. posted revenues of $407.12 million for the quarter, slightly missing the Zacks Consensus Estimate by 0.21%, but showing an increase from $337.11 million year-over-year [2] Earnings Performance - Over the last four quarters, F.N.B. has surpassed consensus EPS estimates two times [2] - The current consensus EPS estimate for the upcoming quarter is $0.32, with expected revenues of $409.33 million, and for the current fiscal year, the estimate is $1.42 on $1.71 billion in revenues [7] Stock Performance - F.N.B. shares have increased approximately 7.7% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Banks - Southeast industry, to which F.N.B. belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - F.N.B. Corporation reported Q4 2024 net income of $109.9 million, or $0.30 per diluted common share, compared to $48.7 million, or $0.13 per diluted common share in Q4 2023[1][9] - For the full year 2024, net income available to common stockholders was $459.3 million, or $1.27 per diluted common share, down from $476.8 million, or $1.31 per diluted common share in 2023[3] - Net interest income for Q4 2024 was $322.2 million, a slight decrease of $1.1 million, or 0.3%, from the prior quarter[7][10] - Non-interest income totaled $50.9 million, a decrease of $38.8 million, or 43.2%, from the prior quarter, with operating non-interest income (non-GAAP) at $84.9 million, a 5.3% decrease from the record level in the prior quarter[23] - Net income for Q4 2024 was $109,861,000, a marginal decrease of 0.2% from Q3 2024 and an increase of 116.8% from Q4 2023[46] - Diluted earnings per share for Q4 2024 was $0.30, unchanged from Q3 2024 and up 130.8% from $0.13 in Q4 2023[46] Asset and Loan Growth - Total loans and leases increased by $1.6 billion, or 5.0%, with consumer loans up $949 million, or 8.0%, and commercial loans up $667.2 million, or 3.3%[5][12] - Average loans and leases totaled $33.8 billion, an increase of $27.7 million, or 0.1%, with average commercial loans and leases increasing $16.2 million, or 0.1%[20] - Net loans and leases rose by 0.7% quarter-over-quarter to $33,516 million, reflecting a 5.0% increase year-over-year[47] - Total loans and leases rose to $33,939 million in 4Q24, up 5.0% from $32,323 million in 4Q23[57] Deposit Growth - Total deposits rose by $2.4 billion, or 6.9%, driven by a $1.9 billion increase in interest-bearing demand deposits[7][13] - Average deposits totaled $37.0 billion, increasing $1.4 billion, or 3.8%, due to organic growth in new and existing customer relationships[21] - Total deposits grew by 0.9% from Q3 2024 to $37,107 million, and increased by 6.9% compared to Q4 2023[47] Credit Quality and Losses - The provision for credit losses was $22.3 million, with net charge-offs of $20.6 million, slightly down from $21.5 million in the prior quarter[7] - The ratio of non-performing loans and OREO to total loans and OREO increased 9 basis points to 0.48%, with total delinquency increasing 4 basis points to 0.83%[23] - Non-performing loans increased to $159 million in Q4 2024, up 23.3% from $129 million in Q3 2024 and 48.6% from $107 million in Q4 2023[61] - The allowance for credit losses on loans and leases was $422.8 million in Q4 2024, a slight increase of 0.6% from $420.2 million in Q3 2024 and 4.3% from $405.6 million in Q4 2023[63] Capital and Equity - The CET1 regulatory capital ratio was 10.6% at December 31, 2024, compared to 10.4% at September 30, 2024[25] - Tangible book value per common share (non-GAAP) was $10.49 at December 31, 2024, an increase of $0.16 per share from the prior quarter[25] - Stockholders' equity increased by 0.8% from Q3 2024 to $6,302 million, and by 4.2% from Q4 2023[47] - Total stockholders' equity for Q4 2024 was $6,301,650, up from $6,248,456 in Q3 2024 and $6,049,969 in Q4 2023[69] Operational Efficiency - The efficiency ratio for 2024 was 55.61%, compared to 51.19% in 2023, indicating a decline in operational efficiency[54] - The efficiency ratio (FTE) for Q4 2024 was 56.88%, an increase from 55.16% in Q3 2024 and from 52.51% in Q4 2023[70] Future Outlook - F.N.B. Corporation expects strong revenue growth and a return to positive operating leverage in 2025[4] - The company warns that actual results may differ materially from forward-looking statements due to various risks and uncertainties[35] Regulatory and Market Environment - The company emphasizes the importance of effective risk management to navigate uncertainties such as geopolitical instability and supply chain disruptions[8] - Legal and regulatory developments may affect F.N.B. Corporation's competitive position and ability to attract talent, including changes in consumer protection laws and accounting standards[8] - The company is subject to regulatory capital ratios that depend on financial performance and capital regulations, impacting its ability to return capital to shareholders[8] Miscellaneous - F.N.B. Corporation has total assets of nearly $49 billion and operates approximately 350 banking offices across seven states and the District of Columbia[42] - The company provides a full range of commercial and consumer banking services, including mortgage lending and mobile banking solutions[43] - F.N.B. Corporation is included in the S&P MidCap 400 Index, reflecting its significant market presence[44] - The company reported a realized loss on investment securities restructuring of $33,980 thousand in Q4 2024[70]

Financial Performance - FNB Corporation reported net income available to common stockholders of $109.9 million for Q4 2024, compared to $48.7 million in Q4 2023 and $110.1 million in Q3 2024 [1] - Operating earnings per diluted common share (non-GAAP) was $0.38 in Q4 2024, same as Q4 2023 and up from $0.34 in Q3 2024 [2] - Full-year 2024 net income available to common stockholders was $459.3 million, down from $476.8 million in 2023 [3] - Full-year 2024 operating earnings per diluted common share (non-GAAP) was $1.39, down from $1.57 in 2023 [3] Loan and Deposit Growth - Total loans and leases increased by $1.6 billion (5.0%) year-over-year in Q4 2024, driven by $949 million (8.0%) growth in consumer loans and $667.2 million (3.3%) growth in commercial loans [5] - Total deposits increased by $2.4 billion (6.9%) year-over-year in Q4 2024, with $1.9 billion growth in interest-bearing demand deposits and $1.3 billion in shorter-term time deposits [5] - Loan-to-deposit ratio improved to 91% at December 31, 2024 from 93% a year ago [13] Capital and Asset Quality - Tangible book value per share (non-GAAP) grew 11% year-over-year to $10.49 [4] - CET1 regulatory capital ratio improved to 10.6% (estimated) at December 31, 2024 from 10.0% a year ago [5] - Total delinquencies were 0.83% and net charge-offs were 0.19% for full-year 2024 [4] - Non-performing loans and OREO to total loans and OREO increased to 0.48% in Q4 2024 from 0.33% a year ago [16] Interest Income and Margin - Net interest income totaled $322.2 million in Q4 2024, a slight decrease of $1.1 million (0.3%) from Q3 2024 [5] - Net interest margin (FTE) (non-GAAP) declined to 3.04% in Q4 2024 from 3.08% in Q3 2024 and 3.21% in Q4 2023 [5] - Yield on earning assets (non-GAAP) increased to 5.34% in Q4 2024 from 5.25% a year ago, while cost of funds increased to 2.42% from 2.14% [11] Non-Interest Income and Expense - Non-interest income totaled $50.9 million in Q4 2024, including a $34.0 million realized loss on securities restructuring [5] - Operating non-interest income (non-GAAP) increased 5.6% year-over-year to $84.9 million in Q4 2024 [14] - Non-interest expense decreased 6.5% year-over-year to $248.2 million in Q4 2024 [15] - Efficiency ratio (non-GAAP) was 56.9% in Q4 2024, compared to 55.2% in Q3 2024 [26]

Analysts on Wall Street project that F.N.B. (FNB) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing a decline of 13.2% year over year. Revenues are projected to reach $407.99 million, increasing 21% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings rel ...