PITTSBURGH, Jan. 6, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that it plans to issue financial results for the fourth quarter of 2024 before the market open on Wednesday, January 22, 2025. Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr., Chief Financial Officer, Vincent J. Calabrese, Jr., and Chief Credit Officer, Gary L. Guerrieri, plan to host a conference call to discuss the Company's financial results the same day at 8:30 AM ET. Participants are encourage ...

New FNB Headquarters a Cornerstone For One Of the Largest, Most Socially Responsible Development Projects in the U.S. PITTSBURGH, Dec. 16, 2024 /PRNewswire/ -- FNB Financial Center, the new Pittsburgh-based corporate headquarters for F.N.B. Corporation (NYSE: FNB), was recently certified LEED Gold by the U.S. Green Building Council (USGBC). LEED, the world's most widely used green building rating system, provides a framework for energy-efficient, sustainable design, construction and operations. Projects ach ...

Adds to Global Recognition Earned by FNB Under Delie's LeadershipPITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation (NYSE: FNB) and First National Bank, was named CEO of the Year by global business media outlet The CEO Magazine as part of its 2024 Executive of the Year Awards. Delie is the first U.S. CEO to win the award. Vincent J. Delie, Jr. is The CEO Magazine’s first United States CEO of the Year. The CEO of the Year ...

PITTSBURGH, Dec. 4, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) ("FNB" or the "Company") today announced the pricing of its offering of $500 million aggregate principal amount of its fixed rate / floating rate senior notes due 2030 (the "Notes"). The Notes will bear interest at 5.722% per annum, payable semi-annually in arrears on June 11 and December 11, of each year, commencing on June 11, 2025, and ending on December 11, 2029. Starting on December 11, 2029, the Notes will bear interest at a float ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the transition period from to Commission file number 001-31940 F.N.B. CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------------- ...

PITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced today it has hired Kelly Trombetta as Chief Operational Risk Officer. Kelly Trombetta Trombetta is responsible for proactively assessing FNB's operational risk management program and ensuring that appropriate systems and processes are in place to comply with regulatory rules that will apply to the Company as it approaches $50 billion in assets. She joins FNB with more than ...

Shares of F.N.B. Corporation (FNB) lost 5.7% in after-market trading following the release of its lower-than-expected third-quarter 2024 results. Adjusted earnings per share of 34 cents lagged the Zacks Consensus Estimate of 36 cents. Moreover, the bottom line reflected a decline of 15% from the prior-year quarter’s level.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results were primarily affected by higher expenses and lower net interest income (NII). Nonetheless, a higher n ...

Financial Data and Key Metrics - Q3 operating net income available to common shareholders was $122 million, or $0.34 per diluted share, after adjusting for $15 million of significant items impacting earnings [3] - Record CET1 ratio of 10.4% and tangible book value growth of 15% YoY [4] - Total loans increased 4.6% annualized linked quarter to $33.7 billion, excluding a $431 million indirect auto loan sale [5] - Total deposits increased 5.1% or $1.8 billion linked quarter to $36.8 billion [5] - Loan-to-deposit ratio improved to 91.7%, down nearly 5 percentage points from last quarter [6] - Net interest income increased 2.4% linked quarter to $323.3 million [16] - Efficiency ratio was 55.2%, a peer-leading level [7] Business Line Performance - Consumer loan growth of $299 million, led by residential mortgage originations [14] - Commercial loans and leases grew $93 million linked quarter [14] - Non-interest income reached an all-time high of $89.7 million, driven by capital markets and mortgage banking [18] - Mortgage banking income decreased $1.4 million due to MSR impairment [19] Market Performance - Gained market share in multiple MSAs, ranking 2 in traditional retail deposit share in Pittsburgh [4] - Grew or maintained deposits in nearly 90% of MSAs over the past year, ranking in the top 5 in nearly 50% of MSAs across seven states [23] - Double-digit deposit growth in the Carolinas and strong performance in central Pennsylvania and Pittsburgh [82][83] Strategy and Industry Competition - Focus on being customers' primary operating bank through digital tools, clicks-to-bricks strategy, and product bundling [6] - Diversifying revenue streams and expanding capital markets business [7] - Proactive credit risk management with comprehensive stress testing and underwriting guidelines [8][11] - Maintaining a conservative approach to M&A, focusing on in-market acquisitions with cost savings and immediate earnings accretion [51][52] Management Commentary on Operating Environment and Outlook - Expects loan demand to pick up post-election, particularly in C&I lending [32] - Anticipates continued deposit growth and stable loan-to-deposit ratio in Q4 [15] - Guidance for Q4 includes mid-single-digit loan and deposit growth, non-interest income of $85-90 million, and non-interest expense of $225-235 million [21] - Expects deposit beta of 15% by year-end, with potential to outperform [29] Other Important Information - Completed a $431 million indirect auto loan sale to improve capital and loan-to-deposit ratio [4][13] - Increased marketing expenses by $2 million to support deposit initiatives [7] - Recognized as one of Times World's Best Companies and Newsweek's America's Most Admired Workplaces [24] Q&A Summary Deposit Growth and Pricing - New deposit inflows averaged 4.25%, with flexibility to reduce rates as market conditions change [26] - Expects deposit beta of 15% by year-end, with potential to outperform [29] Loan Growth and Portfolio Management - Indirect auto loan sale was not a credit play but a balance sheet management strategy [30][31] - Expects mid-single-digit loan growth for the full year, with potential for acceleration in 2025 [41][42] Expense Management - Q3 operating expenses of $234 million were driven by marketing and strategic hiring [36] - Expects Q4 expenses to be lower sequentially, with ongoing cost-saving initiatives for 2025 [37] Credit Quality - Credit metrics remained stable, with net charge-offs at 25 bps and criticized loans down 22 bps linked quarter [9] - Proactive credit risk management and stress testing support portfolio stability [11][58] Margin and Interest Rate Sensitivity - Expects flattish margin in Q4, with potential for improvement as rates stabilize [56] - Moving towards a more neutral interest rate position, with flexibility to reprice liabilities [77] M&A and Capital Deployment - Focused on in-market acquisitions with cost savings and immediate earnings accretion [51][52] - Capital levels at all-time highs, providing flexibility for shareholder value creation [20]

Shares of F.N.B. Corporation (FNB) lost 5.7% in after-market trading following the release of its lower-thanexpected third-quarter 2024 results. Adjusted earnings per share of 30 cents lagged the Zacks Consensus Estimate of 36 cents. Moreover, the bottom line reflected a decline of 15% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results were primarily affected by higher expenses and lower net interest income (NII). Nonetheless, a higher non-inte ...

| --- | --- | |-------------------------|-------| | | | | Earnings Presentation | | | Third Quarter 2024 | | | October 18, 2024 | | | | | Cautionary Statement Regarding Forward-Looking Information This document may contain statements regarding F.N.B. Corporation's outlook for earnings, revenues, expenses, tax rates, capital and liquidity levels and ratios, asset quality levels, financial position and other matters regarding or affecting our current or future business and operations. These statements can be ...