The market expects F.N.B. (FNB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 16, 2025, might help the stock move higher if these key numbers are better t ...

PITTSBURGH, April 8, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) and its wholly owned broker dealer subsidiary announced today that it has entered into a definitive agreement to acquire Raptor Partners LLC (Raptor), an independent investment banking firm focused on delivering financial advisory services to public and private companies. Raptor, a Pittsburgh-based company, is comprised of a team of experienced professionals with an emphasis in mergers and acquisitions, corporate finance, valuation adv ...

PITTSBURGH, March 27, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that it plans to issue financial results for the first quarter of 2025 after the market close on Wednesday, April 16, 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 on Thursday, April 17, 2025, at 8:30 AM ET. Participant ...

National Award Based on Employee Feedback Highlights Company's Strong Leadership and People-Centric Culture PITTSBURGH, March 20, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced that its largest subsidiary, First National Bank, has been named a Top Workplace USA for a fifth consecutive year. FNB has received the national award, which is presented by Energage and USA Today, each year since it was launched in 2021. Energage, an independent research firm specializing in workplace engagement and o ...

Earnings of F.N.B. Corporation (NYSE: FNB ) will likely rebound this year, mainly on the back of below-average loan growth. Compared to my last report on the company, I’m reducing my loan growth estimate because the outlook on commercialAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensa ...

Financial Performance - Net income for 2024 was $465 million, a decrease of 4.13% compared to $485 million in 2023[430]. - Comprehensive income for 2024 was $531 million, down from $607 million in 2023, a decrease of 12.5%[431]. - Earnings per common share for 2024 were $1.27, a slight decrease from $1.32 in 2023[430]. - Total interest income rose to $2,252 million in 2024, an increase of 14.14% from $1,973 million in 2023[430]. - Non-interest income reached $316 million in 2024, up 24.41% from $254 million in 2023[430]. - Total non-interest expense increased to $961 million in 2024, up from $915 million in 2023, marking a growth of 5.03%[430]. - Net cash flows provided by operating activities were $642 million in 2024, up 51.8% from $423 million in 2023[433]. - Total cash and cash equivalents at the end of 2024 were $2,419 million, an increase of 53.7% from $1,576 million at the end of 2023[433]. Loan and Lease Portfolio - As of December 31, 2024, F.N.B. Corporation's net loan and lease portfolio was $33.9 billion, with an associated allowance for credit losses (ACL) of $422.8 million[416]. - Net loans and leases increased to $33,516 million in 2024, compared to $31,917 million in 2023, reflecting a growth of 5.02%[429]. - Total loans and leases, net of unearned income, increased to $33,939 million as of December 31, 2024, up from $32,323 million in 2023[533]. - The total outstanding modified loans amounted to $53.3 million in 2024, with various modifications including term extensions and rate reductions[554]. - The total commercial loans and leases portfolio increased by 3.3% from 2023 to 2024[533]. - The commercial real estate loan segment reached $12,705 million as of December 31, 2024, compared to $12,305 million in 2023[533]. Credit Losses and Allowance - The ACL is based on management's evaluation of lifetime credit losses, incorporating quantitative reserves, asset-specific reserves, and qualitative reserves[416]. - The provision for credit losses was $80 million in 2024, compared to $72 million in 2023, indicating an 11.11% increase[430]. - The allowance for credit losses (ACL) on loans and leases increased to $422.8 million by the end of 2024, up from $405.6 million at the beginning of the year, reflecting a net charge of $62.7 million[564]. - The total provision for credit losses for the year ended December 31, 2024 was $79.8 million, compared to $71.8 million in 2023[569]. - Net charge-offs were $62.7 million during 2024, compared to $67.7 million during 2023, which included a $31.9 million commercial loan charge-off due to fraud allegations[569]. Internal Controls and Audit - Management assessed the effectiveness of internal control over financial reporting as of December 31, 2024, concluding it was effective based on the COSO criteria[421]. - Ernst & Young LLP expressed an unqualified opinion on the consolidated financial statements for the years ended December 31, 2024, 2023, and 2022[410]. - The internal control over financial reporting includes policies and procedures to ensure accurate financial statement preparation in accordance with U.S. GAAP[426]. - The audit included evaluating the design and operating effectiveness of controls over the ACL process, ensuring compliance with management's assessments[417]. Deposits and Funding - Total deposits grew to $37,107 million in 2024, up 6.87% from $34,711 million in 2023[429]. - Non-interest-bearing demand deposits decreased to $9,761 million in 2024, down from $10,222 million in 2023, a decline of 4.5%[598]. - Interest-bearing demand deposits rose to $16,668 million in 2024, compared to $14,809 million in 2023, reflecting an increase of 12.5%[598]. - Total short-term borrowings decreased from $2,506 million in 2023 to $1,256 million in 2024, a reduction of 50.2%[600]. - Federal Home Loan Bank advances dropped significantly from $1,900 million in 2023 to $585 million in 2024, a decline of 69.1%[600]. Securities and Investments - As of December 31, 2024, the total amortized cost of Available for Sale (AFS) debt securities was $3,620 million, with a fair value of $3,466 million, reflecting unrealized losses of $158 million[517]. - The amortized cost of Held to Maturity (HTM) debt securities was $3,979 million, with a fair value of $3,644 million, indicating unrealized losses of $338 million[519]. - The company sold $231.4 million of AFS securities during 2024, resulting in a realized loss of $34.0 million, while reinvesting proceeds into securities yielding 4.78%[519]. - The fair value of AFS debt securities in an unrealized loss position totaled $2,774 million as of December 31, 2024, with unrealized losses of $158 million[522]. - The municipal bond portfolio had a carrying amount of $1.0 billion as of December 31, 2024, with 99% rated A or better and an average rating of AA[524]. Goodwill and Intangible Assets - Goodwill represents the excess of the acquisition cost over the fair value of net assets acquired, subject to annual impairment testing[477]. - The company performs a quarterly goodwill impairment assessment, considering qualitative factors to determine if the fair value of a reporting unit is less than its carrying value[479]. - The net carrying amount of core deposit intangibles decreased to $49 million in 2024 from $66 million in 2023, a decline of 25.8%[581]. - Total amortization expense for intangible assets was $18 million in 2024, down from $20 million in 2023, a decrease of 10%[582]. Risk Management - The company employs an internal risk rating system to monitor credit quality, with ongoing reviews of loan performance and borrower conditions[540]. - Non-performing loans and leases increased to $159 million in 2024 from $107 million in 2023, representing a rise of 48.6%[550]. - The ratio of non-performing loans and leases to total loans and leases increased to 0.47% in 2024 from 0.33% in 2023[550]. - The company utilizes delinquency transition matrices to forecast credit risk based on various factors including FICO scores and unemployment[546].

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].