Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

F.N.B. Corporation Earnings Presentation Third Quarter 2025 October 17, 2025 Cautionary Statement Regarding Forward-Looking Information This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate to historical facts and that are based on current assumptions, beliefs, estimates, expectations and projections, many of which, by their nature, are inherently uncertain and beyond our control ...

[Executive Summary & Third Quarter 2025 Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Third%20Quarter%202025%20Highlights) F.N.B. Corporation reported strong third-quarter 2025 earnings with record diluted EPS and revenue, driven by growth in net interest income and non-interest income, alongside improved capital levels and stable asset quality [Overall Financial Performance](index=1&type=section&id=Overall%20Financial%20Performance) F.N.B. Corporation reported strong third-quarter 2025 earnings, achieving record diluted EPS and revenue, driven by growth in net interest income, margin expansion, and non-interest income. The company also strengthened its capital levels and maintained solid asset quality | Metric | 3Q25 (GAAP) | 3Q24 (GAAP) | YoY Change | 3Q25 (Operating non-GAAP) | 3Q24 (Operating non-GAAP) | YoY Change (Operating) | | :----------------------------------- | :---------- | :---------- | :--------- | :------------------------ | :------------------------ | :----------------------- | | Net Income Available to Common Shareholders | $149.5 million | $110.1 million | +35.8% | $147.7 million | $122.2 million | +20.9% | | Earnings per Diluted Common Share | $0.41 | $0.30 | +36.7% | $0.41 | $0.34 | +20.6% | | Revenue | $457 million | N/A | N/A | N/A | N/A | N/A | | Tangible Book Value Per Common Share (non-GAAP) | $11.48 | $10.33 | +11.1% | N/A | N/A | N/A | - Pre-provision net revenue (non-GAAP) grew **11% linked-quarter**, contributing to positive operating leverage and a peer-leading efficiency ratio (non-GAAP) of **52%**[4](index=4&type=chunk) - Capital levels reached all-time highs with an estimated CET1 regulatory capital ratio of **11%** and a return on tangible common equity ratio (non-GAAP) of **15%**[4](index=4&type=chunk) [Key Financial Highlights](index=1&type=section&id=Key%20Financial%20Highlights) The third quarter saw significant growth in average loans and deposits, record net interest income and non-interest income, and improved capital ratios, while maintaining stable asset quality | Metric | 3Q25 | 2Q25 | 3Q24 | YoY Change (3Q25 vs 3Q24) | QoQ Change (3Q25 vs 2Q25) | | :----------------------------------- | :----- | :----- | :----- | :------------------------ | :------------------------ | | Average Loans and Leases | $34.8 billion | N/A | $33.8 billion | +3.0% | +3.6% annualized | | Average Deposits | $37.9 billion | N/A | $35.6 billion | +6.4% | +8.2% annualized | | Loan-to-Deposit Ratio | 91% | 92% | 92% | -1 pp | -1 pp | | Net Interest Income | $359.3 million | $347.2 million | $323.3 million | +11.1% | +3.5% | | Net Interest Margin (FTE, non-GAAP) | 3.25% | 3.19% | 3.08% | +17 bps | +6 bps | | Non-Interest Income | $98.2 million | $91.0 million | $89.7 million | +9.5% | +7.9% | | Pre-provision Net Revenue (non-GAAP) | $213.9 million | $192.0 million | $163.6 million | +30.7% | +11.4% | | Provision for Credit Losses | $24.0 million | $25.6 million | $23.4 million | +2.6% | -6.3% | | CET1 Regulatory Capital Ratio (estimated) | 11.0% | 10.8% | 10.4% | +60 bps | +20 bps | | Tangible Common Equity to Tangible Assets (non-GAAP) | 8.7% | 8.5% | 8.2% | +50 bps | +20 bps | | Tangible Book Value per Common Share (non-GAAP) | $11.48 | $11.14 | $10.33 | +11.1% | +3.1% | | Common Stock Repurchased | $12 million (0.8M shares) | N/A | N/A | N/A | N/A | - Asset quality metrics remained solid, with the allowance for credit losses (ACL) to total loans and leases stable at **1.25%**[7](index=7&type=chunk) [Financial Performance Analysis - Comparison to Prior-Year Quarter (3Q24)](index=3&type=section&id=Financial%20Performance%20Analysis%20-%20Comparison%20to%20Prior-Year%20Quarter%20(3Q24)) This section details F.N.B. Corporation's year-over-year financial performance, highlighting growth in net interest income, loans, and deposits, alongside changes in expenses, credit quality, and capital ratios [Net Interest Income and Margin](index=3&type=section&id=Net%20Interest%20Income%20and%20Margin_YoY) Net interest income increased significantly year-over-year, driven by earning asset growth and lower interest-bearing deposit costs, despite a decrease in earning asset yields | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Net Interest Income | $359.3 million | $323.3 million | +11.1% | | Net Interest Margin (FTE, non-GAAP) | 3.25% | 3.08% | +17 bps | | Yield on Earning Assets (non-GAAP) | 5.36% | 5.51% | -15 bps | | Yields on Loans | 5.79% | 6.03% | -24 bps | | Yields on Investment Securities | 3.58% | 3.13% | +45 bps | | Total Cost of Funds | 2.23% | 2.56% | -33 bps | | Interest-Bearing Deposit Costs | 2.66% | 3.08% | -42 bps | [Loan and Deposit Growth](index=3&type=section&id=Loan%20and%20Deposit%20Growth_YoY) Average loans and leases grew, primarily from consumer loans, while average deposits also increased, with a slight shift in funding mix towards interest-bearing products | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Average Loans and Leases | $34.8 billion | $33.8 billion | +3.0% | | - Consumer Loans | +$994.7 million | N/A | N/A | | - Residential Mortgage Loans | +$1.1 billion | N/A | N/A | | - Commercial Leases | +$100.9 million | N/A | +14.7% | | - Indirect Auto Loans | -$222.3 million | N/A | N/A | | Average Deposits | $37.9 billion | $35.6 billion | +6.4% | | - Interest-Bearing Demand Deposits | +$2.1 billion | N/A | N/A | | - Time Deposits | +$261.3 million | N/A | N/A | | - Non-Interest-Bearing Demand Deposits | +$38.2 million | N/A | N/A | | - Savings Deposits | -$155.9 million | N/A | N/A | | Non-Interest-Bearing Demand Deposits as % of Total Deposits | 26% | 27% | -1 pp | | Loan-to-Deposit Ratio | 91% | 92% | -1 pp | [Non-Interest Income](index=3&type=section&id=Non-Interest%20Income_YoY) Non-interest income reached a record high, driven by strong performance in mortgage banking, capital markets, wealth management, and a significant recovery in other non-interest income | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Total Non-Interest Income | $98.2 million | $89.7 million | +9.5% | | Mortgage Banking Operations Income | +$3.6 million | N/A | +65.8% | | Capital Markets Income | +$1.7 million | N/A | +27.1% | | Wealth Management Revenues | +$1.5 million | N/A | +8.0% | | Other Non-Interest Income | +$5.3 million | N/A | +135.6% | [Non-Interest Expense](index=4&type=section&id=Non-Interest%20Expense_YoY) Total non-interest expense decreased, but operating non-interest expense increased due to strategic hiring, risk management investments, and higher production-related compensation | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Total Non-Interest Expense | $243.5 million | $249.4 million | -2.4% | | Operating Non-Interest Expense (non-GAAP) | N/A | N/A | +5.0% | | Salaries and Employee Benefits | N/A | N/A | +4.4% | | Outside Services | N/A | N/A | +6.8% | | Other Non-Interest Expense (operating basis) | N/A | N/A | +17.4% | [Credit Quality and Provision for Credit Losses](index=4&type=section&id=Credit%20Quality%20and%20Provision%20for%20Credit%20Losses_YoY) The provision for credit losses slightly increased, while net charge-offs decreased, reflecting proactive loan portfolio management. Asset quality metrics remained solid, with a stable ACL ratio | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Provision for Credit Losses | $24.0 million | $23.4 million | +2.6% | | Net Charge-Offs | $19.7 million | $21.5 million | -8.4% | | Net Charge-Offs (annualized % of total average loans) | 0.22% | 0.25% | -3 bps | | Allowance for Credit Losses (ACL) | $437.3 million | $420.2 million | +4.1% | | ACL to Total Loans and Leases | 1.25% | 1.25% | Stable | | Non-Performing Loans and OREO to Total Loans and OREO | 0.37% | 0.39% | -2 bps | | Total Delinquency | 0.65% | 0.79% | -14 bps | [Capital and Shareholder Value](index=4&type=section&id=Capital%20and%20Shareholder%20Value_YoY) Capital ratios improved significantly year-over-year, with a notable increase in the CET1 ratio and tangible book value per common share, despite the impact of AOCI | Metric | 3Q25 | 3Q24 | YoY Change | | :-------------------------------- | :----- | :----- | :--------- | | Effective Tax Rate | 21.3% | 21.4% | -0.1 pp | | CET1 Regulatory Capital Ratio (estimated) | 11.0% | 10.4% | +60 bps | | Tangible Book Value per Common Share (non-GAAP) | $11.48 | $10.33 | +11.1% | | AOCI Reduction to TBV per Share (non-GAAP) | $0.22 | $0.43 | -$0.21 | [Financial Performance Analysis - Comparison to Prior Quarter (2Q25)](index=4&type=section&id=Financial%20Performance%20Analysis%20-%20Comparison%20to%20Prior%20Quarter%20(2Q25)) This section analyzes F.N.B. Corporation's quarter-over-quarter financial performance, focusing on trends in net interest income, loan and deposit growth, non-interest items, credit quality, and capital [Net Interest Income and Margin](index=4&type=section&id=Net%20Interest%20Income%20and%20Margin_QoQ) Net interest income and margin both increased linked-quarter, driven by earning asset growth, lower cost of funds, and the impact of an additional day in the quarter | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Net Interest Income | $359.3 million | $347.2 million | +3.5% | | Net Interest Margin (FTE, non-GAAP) | 3.25% | 3.19% | +6 bps | | Total Yield on Earning Assets (non-GAAP) | 5.36% | 5.33% | +3 bps | | Total Cost of Funds | 2.23% | 2.26% | -3 bps | | Cost of Interest-Bearing Deposits | 2.66% | 2.66% | Stable | | Total Borrowing Costs | 4.65% | 4.71% | -6 bps | [Loan and Deposit Trends](index=4&type=section&id=Loan%20and%20Deposit%20Trends_QoQ) Average loans and leases increased, primarily due to consumer loan growth, while average deposits also saw organic growth across all categories, leading to an improved loan-to-deposit ratio | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Average Loans and Leases | $34.8 billion | $34.5 billion | +0.9% (+3.6% annualized) | | - Average Consumer Loans | +$431.2 million | N/A | +13.0% annualized | | - Average Residential Mortgages | +$384.4 million | N/A | N/A | | - Average Commercial Loans and Leases | -$119.4 million | N/A | -2.2% annualized | | Average Deposits | $37.9 billion | $37.1 billion | +$766.5 million | | - Interest-Bearing Demand Deposits | +$375.2 million | N/A | N/A | | - Time Deposits | +$254.2 million | N/A | N/A | | - Non-Interest-Bearing Deposits | +$92.7 million | N/A | N/A | | - Savings Deposit Balances | +$44.4 million | N/A | N/A | | Non-Interest-Bearing Demand Deposits as % of Total Deposits | 26% | 26% | Stable | | Loan-to-Deposit Ratio | 91% | 92% | -1 pp | [Non-Interest Income](index=5&type=section&id=Non-Interest%20Income_QoQ) Non-interest income reached a new record, driven by strong increases in mortgage banking operations, capital markets income, and a significant recovery in other non-interest income | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Total Non-Interest Income | $98.2 million | $91.0 million | +7.9% | | Mortgage Banking Operations Income | +$2.9 million | N/A | +45.6% | | Capital Markets Income | +$1.0 million | N/A | +14.2% | | Other Non-Interest Income | +$3.2 million | N/A | +53.3% | [Non-Interest Expense](index=5&type=section&id=Non-Interest%20Expense_QoQ) Total non-interest expense decreased, and operating non-interest expense saw a slight decrease, contributing to an improved efficiency ratio | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Total Non-Interest Expense | $243.5 million | $246.2 million | -1.1% | | Operating Non-Interest Expense (non-GAAP) | N/A | N/A | -0.2% | | Salaries and Employee Benefits | N/A | N/A | +1.3% | | Net Occupancy and Equipment | N/A | N/A | -5.2% | | Efficiency Ratio (non-GAAP) | 52.4% | 54.8% | -2.4 pp | [Credit Quality and Provision for Credit Losses](index=5&type=section&id=Credit%20Quality%20and%20Provision%20for%20Credit%20Losses_QoQ) The provision for credit losses decreased, and net charge-offs also declined, reflecting continued proactive management. While non-performing loans and delinquency slightly increased, overall asset quality remained solid | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Provision for Credit Losses | $24.0 million | $25.6 million | -6.3% | | Net Charge-Offs | $19.7 million | $21.8 million | -9.6% | | Net Charge-Offs (annualized % of total average loans) | 0.22% | 0.25% | -3 bps | | Allowance for Credit Losses (ACL) | $437.3 million | $432.1 million | +1.2% | | ACL to Total Loans and Leases | 1.25% | 1.25% | Stable | | Non-Performing Loans and OREO to Total Loans and OREO | 0.37% | 0.34% | +3 bps | | Total Delinquency | 0.65% | 0.62% | +3 bps | [Capital and Shareholder Value](index=5&type=section&id=Capital%20and%20Shareholder%20Value_QoQ) Capital ratios continued to improve linked-quarter, with increases in the CET1 ratio and tangible book value per common share, despite a minor reduction from AOCI | Metric | 3Q25 | 2Q25 | QoQ Change | | :-------------------------------- | :----- | :----- | :--------- | | Effective Tax Rate | 21.3% | 21.5% | -0.2 pp | | CET1 Regulatory Capital Ratio (estimated) | 11.0% | 10.8% | +20 bps | | Tangible Book Value per Common Share (non-GAAP) | $11.48 | $11.14 | +$0.34 | | AOCI Reduction to TBV per Share (non-GAAP) | $0.22 | $0.26 | -$0.04 | [Consolidated Financial Statements](index=9&type=section&id=Consolidated%20Financial%20Statements) This section presents F.N.B. Corporation's consolidated financial statements, including income, balance sheets, average balances, key performance and capital ratios, and detailed loan portfolio and asset quality data [Consolidated Statements of Income](index=9&type=section&id=Consolidated%20Statements%20of%20Income) The consolidated statements of income show a significant increase in net interest income and total non-interest income for both the quarter and year-to-date periods, leading to higher net income available to common shareholders | Metric (in thousands) | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :-------------------------------- | :----- | :----- | :----- | :----- | :----- | | Total Interest Income | $595,972 | $582,641 | $582,772 | $1,738,050 | $1,683,457 | | Total Interest Expense | $236,700 | $235,445 | $259,443 | $707,737 | $725,230 | | Net Interest Income | $359,272 | $347,196 | $323,329 | $1,030,313 | $958,227 | | Provision for Credit Losses | $23,991 | $25,601 | $23,438 | $67,081 | $57,517 | | Total Non-Interest Income | $98,170 | $91,015 | $89,688 | $276,951 | $265,472 | | Total Non-Interest Expense | $243,535 | $246,225 | $249,431 | $736,571 | $713,139 | | Income Before Income Taxes | $189,916 | $166,385 | $140,148 | $503,612 | $453,043 | | Net Income Available to Common Shareholders | $149,509 | $130,670 | $110,103 | $396,694 | $349,466 | | Earnings per Diluted Common Share | $0.41 | $0.36 | $0.30 | $1.09 | $0.96 | [Consolidated Balance Sheets](index=10&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheet shows growth in total assets, primarily driven by increases in loans and leases and interest-bearing deposits with banks. Total deposits also increased, while long-term borrowings decreased | Metric (in millions) | 3Q25 | 2Q25 | 3Q24 | QoQ Change | YoY Change | | :-------------------------------- | :----- | :----- | :----- | :--------- | :--------- | | Total Assets | $49,889 | $49,725 | $47,976 | +0.3% | +4.0% | | Cash and Cash Equivalents | $2,413 | $2,427 | $2,078 | -0.6% | +16.1% | | Loans and Leases, net | $34,520 | $34,247 | $33,297 | +0.8% | +3.7% | | Total Deposits | $38,441 | $37,748 | $36,771 | +1.8% | +4.5% | | - Non-Interest-Bearing Demand | $9,969 | $9,872 | $9,870 | +1.0% | +1.0% | | - Interest-Bearing Demand | $17,803 | $17,292 | $15,999 | +3.0% | +11.3% | | Short-term Borrowings | $1,905 | $1,876 | $1,562 | +1.5% | +22.0% | | Long-term Borrowings | $2,099 | $2,692 | $2,515 | -22.0% | -16.5% | | Total Liabilities | $43,253 | $43,201 | $41,727 | +0.1% | +3.7% | | Total Shareholders' Equity | $6,636 | $6,524 | $6,249 | +1.7% | +6.2% | [Average Balances and Interest Rates](index=11&type=section&id=Average%20Balances%20and%20Interest%20Rates) Average interest-earning assets and total deposits and borrowings increased, with a notable improvement in net interest margin and spread for both the quarter and year-to-date periods | Metric (in thousands) | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :-------------------------------- | :----- | :----- | :----- | :----- | :----- | | Average Total Interest Earning Assets | $44,479,767 | $44,043,377 | $42,307,326 | $43,992,566 | $41,464,410 | | Yield on Earning Assets (FTE) | 5.36% | 5.33% | 5.51% | 5.31% | 5.45% | | Average Total Deposits and Borrowings | $42,085,678 | $41,742,880 | $40,259,839 | $41,670,033 | $39,442,596 | | Cost of Funds | 2.23% | 2.26% | 2.56% | 2.27% | 2.46% | | Net Interest Income (FTE) | $362,421 | $350,269 | $326,259 | $1,039,472 | $966,982 | | Net Interest Spread | 2.44% | 2.37% | 2.12% | 2.34% | 2.17% | | Net Interest Margin (FTE) | 3.25% | 3.19% | 3.08% | 3.16% | 3.11% | [Performance and Capital Ratios](index=13&type=section&id=Performance%20and%20Capital%20Ratios) Key performance ratios, including return on average equity and tangible equity, showed improvement, alongside stronger capital ratios like CET1 and tangible common equity to tangible assets | Metric | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :-------------------------------- | :----- | :----- | :----- | :----- | :----- | | Return on average equity | 9.02% | 8.09% | 7.10% | 8.19% | 7.81% | | Return on average tangible common equity (non-GAAP) | 14.94% | 13.57% | 12.43% | 13.74% | 13.63% | | Return on average assets | 1.20% | 1.07% | 0.92% | 1.08% | 1.02% | | Efficiency ratio (non-GAAP) | 52.38% | 54.83% | 55.16% | 55.13% | 55.18% | | Common equity tier 1 (estimated) | 11.0% | 10.8% | 10.4% | N/A | N/A | | Tangible common equity / tangible assets (non-GAAP) | 8.69% | 8.47% | 8.17% | N/A | N/A | | Book value per common share | $18.52 | $18.17 | $17.38 | N/A | N/A | | Tangible book value per common share (non-GAAP) | $11.48 | $11.14 | $10.33 | N/A | N/A | | Dividend payout ratio (common) | 29.05% | 33.34% | 39.58% | 33.02% | 37.51% | [Loan and Lease Portfolio Details](index=14&type=section&id=Loan%20and%20Lease%20Portfolio%20Details) The loan and lease portfolio showed overall growth, driven by consumer loans, particularly residential mortgages, while commercial real estate saw a slight decrease | Loan Type (in millions) | 3Q25 (Period End) | 2Q25 (Period End) | 3Q24 (Period End) | QoQ Change | YoY Change | | :-------------------------------- | :---------------- | :---------------- | :---------------- | :--------- | :--------- | | Total Loans and Leases | $34,957 | $34,679 | $33,717 | +0.8% | +3.7% | | Commercial Loans and Leases | $21,140 | $21,198 | $21,182 | -0.3% | -0.2% | | - Commercial Real Estate | $12,568 | $12,686 | $12,812 | -0.9% | -1.9% | | - Commercial Leases | $829 | $774 | $709 | +7.1% | +16.9% | | Consumer Loans | $13,817 | $13,481 | $12,535 | +2.5% | +10.2% | | - Residential Mortgages | $8,888 | $8,595 | $7,789 | +3.4% | +14.1% | | - Indirect Installment | $767 | $780 | $706 | -1.7% | +8.6% | | Loan Type (in millions) | 3Q25 (Average) | 2Q25 (Average) | 3Q24 (Average) | QoQ Change | YoY Change | | :-------------------------------- | :------------- | :------------- | :------------- | :--------- | :--------- | | Total Loans and Leases | $34,814 | $34,502 | $33,803 | +0.9% | +3.0% | | Commercial Loans and Leases | $21,174 | $21,294 | $21,158 | -0.6% | +0.1% | | Consumer Loans | $13,640 | $13,209 | $12,645 | +3.3% | +7.9% | [Asset Quality Data](index=15&type=section&id=Asset%20Quality%20Data) Asset quality metrics remained solid, with non-performing assets and delinquency ratios showing minor fluctuations but overall stability | Metric (in millions) | 3Q25 | 2Q25 | 3Q24 | QoQ Change | YoY Change | | :-------------------------------- | :----- | :----- | :----- | :--------- | :--------- | | Non-Performing Assets | $128 | $119 | $131 | +7.6% | -2.3% | | Non-performing loans / total loans and leases | 0.36% | 0.34% | 0.38% | +2 bps | -2 bps | | Non-performing loans plus OREO / total loans and leases plus OREO | 0.37% | 0.34% | 0.39% | +3 bps | -2 bps | | Past due and non-accrual loans | $227 | $216 | $265 | +5.1% | -14.3% | | Past due and non-accrual loans / total loans and leases | 0.65% | 0.62% | 0.79% | +3 bps | -14 bps | [Allowance for Credit Losses Rollforward](index=16&type=section&id=Allowance%20for%20Credit%20Losses%20Rollforward) The Allowance for Credit Losses (ACL) on loans and leases increased, reflecting overall loan growth, while the ratio of ACL to total loans remained stable. Net loan charge-offs decreased quarter-over-quarter | Metric (in millions) | 3Q25 | 2Q25 | 3Q24 | QoQ Change | YoY Change | | :-------------------------------- | :----- | :----- | :----- | :--------- | :--------- | | ACL on Loans and Leases (End of Period) | $437.3 | $432.1 | $420.2 | +1.2% | +4.1% | | Provision for Credit Losses | $24.9 | $25.0 | $22.9 | -0.3% | +8.9% | | Net Loan (Charge-offs) / Recoveries | ($19.7) | ($21.8) | ($21.5) | -9.6% | -8.2% | | ACL on Loans and Leases / Total Loans and Leases | 1.25% | 1.25% | 1.25% | Stable | Stable | | ACL on Loans and Leases / Total Non-Performing Loans | 349.9% | 370.7% | 326.7% | -20.8 pp | +23.2 pp | | Net Loan Charge-offs (annualized) / Total Average Loans and Leases | 0.22% | 0.25% | 0.25% | -3 bps | -3 bps | [Non-GAAP Financial Measures Reconciliation](index=17&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation) This section provides reconciliations of F.N.B. Corporation's non-GAAP financial measures to their most directly comparable GAAP equivalents, offering insights into operating performance and tangible metrics [Operating Net Income and EPS Reconciliation](index=17&type=section&id=Operating%20Net%20Income%20and%20EPS%20Reconciliation) This section reconciles GAAP net income and EPS to operating (non-GAAP) figures by adjusting for significant items such as FDIC special assessment, software impairment, and loss related to indirect auto loan sales | Metric (in thousands, except per share) | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :--------------------------------------- | :----- | :----- | :----- | :----- | :----- | | Net income available to common shareholders (GAAP) | $149,509 | $130,670 | $110,103 | $396,694 | $349,466 | | Adjustments (after-tax) | ($1,795) | $0 | $12,047 | ($1,795) | $19,056 | | Operating net income available to common shareholders (non-GAAP) | $147,714 | $130,670 | $122,160 | $394,899 | $368,522 | | Earnings per diluted common share (GAAP) | $0.41 | $0.36 | $0.30 | $1.09 | $0.96 | | Adjustments (per share) | ($0.01) | $0.00 | $0.04 | ($0.01) | $0.06 | | Operating earnings per diluted common share (non-GAAP) | $0.41 | $0.36 | $0.34 | $1.09 | $1.02 | [Return on Average Tangible Equity/Common Equity/Assets Reconciliation](index=18&type=section&id=Return%20on%20Average%20Tangible%20Equity%2FCommon%20Equity%2FAssets%20Reconciliation) This section provides reconciliations for various return metrics, adjusting for intangible assets to present tangible returns on equity, common equity, and assets, which are key non-GAAP performance indicators | Metric | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :--------------------------------------- | :----- | :----- | :----- | :----- | :----- | | Return on average tangible equity (non-GAAP) | 14.94% | 13.57% | 12.43% | 13.74% | 13.79% | | Return on average tangible common equity (non-GAAP) | 14.94% | 13.57% | 12.43% | 13.74% | 13.63% | | Return on average tangible assets (non-GAAP) | 1.29% | 1.15% | 1.01% | 1.17% | 1.11% | [Tangible Book Value and Tangible Common Equity to Tangible Assets Reconciliation](index=19&type=section&id=Tangible%20Book%20Value%20and%20Tangible%20Common%20Equity%20to%20Tangible%20Assets%20Reconciliation) This section reconciles GAAP shareholders' equity and total assets to their tangible counterparts by excluding intangible assets, providing tangible book value per common share and the tangible common equity to tangible assets ratio | Metric (in thousands, except per share) | 3Q25 | 2Q25 | 3Q24 | | :--------------------------------------- | :----- | :----- | :----- | | Total shareholders' equity (GAAP) | $6,635,620 | $6,523,791 | $6,248,456 | | Less: Intangible assets | ($2,520,013) | ($2,524,005) | ($2,533,856) | | Tangible common equity (non-GAAP) | $4,115,607 | $3,999,786 | $3,714,600 | | Tangible book value per common share (non-GAAP) | $11.48 | $11.14 | $10.33 | | Total assets (GAAP) | $49,888,522 | $49,724,837 | $47,975,574 | | Less: Intangible assets | ($2,520,013) | ($2,524,005) | ($2,533,856) | | Tangible assets (non-GAAP) | $47,368,509 | $47,200,832 | $45,441,718 | | Tangible common equity to tangible assets (non-GAAP) | 8.69% | 8.47% | 8.17% | [Pre-provision Net Revenue and Efficiency Ratio Reconciliation](index=20&type=section&id=Pre-provision%20Net%20Revenue%20and%20Efficiency%20Ratio%20Reconciliation) This section reconciles reported pre-provision net revenue and the efficiency ratio to their operating (non-GAAP) equivalents by adjusting for specific non-recurring or non-core items | Metric (in thousands) | 3Q25 | 2Q25 | 3Q24 | 9M25 | 9M24 | | :--------------------------------------- | :----- | :----- | :----- | :----- | :----- | | Pre-provision net revenue (reported) (non-GAAP) | $213,907 | $191,986 | $163,586 | $570,693 | $510,560 | | Operating pre-provision net revenue (non-GAAP) | $211,635 | $191,986 | $178,848 | $568,421 | $529,625 | | Efficiency ratio (FTE) (non-GAAP) | 52.38% | 54.83% | 55.16% | 55.13% | 55.18% | [Corporate Information & Disclosures](index=5&type=section&id=Corporate%20Information%20%26%20Disclosures) This section outlines F.N.B. Corporation's use of non-GAAP measures, cautionary statements regarding forward-looking information, conference call details, and a brief overview of the company's operations [Use of Non-GAAP Financial Measures](index=5&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) F.N.B. Corporation uses non-GAAP financial measures to provide investors with a clearer understanding of underlying business performance and trends, emphasizing that these are supplemental and not substitutes for GAAP results. Reconciliations are provided for transparency - Non-GAAP measures like operating net income, operating EPS, tangible book value, and efficiency ratio are used by management to assess core business activities and facilitate peer comparisons[23](index=23&type=chunk)[24](index=24&type=chunk) - Certain items, such as the FDIC special assessment, are excluded from operating results as they are considered significant and outside ordinary banking activities[25](index=25&type=chunk) - Net interest margin and efficiency ratio are calculated on a taxable-equivalent basis for peer comparison, adjusting tax-exempt income to be equivalent to taxable investments[26](index=26&type=chunk) [Cautionary Statement Regarding Forward-Looking Information](index=6&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Information) This section warns investors about forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially. It advises against undue reliance on these statements and refers to detailed risk factors in SEC filings - Forward-looking statements are based on current assumptions and are inherently uncertain, covering financial condition, results of operations, plans, and future performance[27](index=27&type=chunk) - Key risk factors include credit risk, volatility of mortgage banking, changes in interest rates, liquidity, regulatory limits, and economic conditions[28](index=28&type=chunk)[34](index=34&type=chunk) - Investors should consult the company's 2024 Annual Report on Form 10-K and subsequent 2025 Quarterly Reports on Form 10-Q for a comprehensive list of risk factors[29](index=29&type=chunk) [Conference Call Details](index=7&type=section&id=Conference%20Call%20Details) F.N.B. Corporation announced details for its third-quarter 2025 earnings conference call, including webcast access, dial-in information for Q&A, and replay availability - A live listen-only webcast of the conference call will be available on the Corporation's website under the Investor Relations section[32](index=32&type=chunk) - Participants can pre-register for the Q&A portion of the call to receive a conference passcode and unique PIN[33](index=33&type=chunk) - Presentation slides and the earnings release will be available on the website, and a replay of the call will be accessible via the webcast link[35](index=35&type=chunk) [About F.N.B. Corporation](index=8&type=section&id=About%20F.N.B.%20Corporation) F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, operating across seven states and the District of Columbia, offering a full range of commercial banking, consumer banking, and wealth management solutions - FNB operates in major metropolitan areas including Pittsburgh, Baltimore, Cleveland, Washington D.C., Charlotte, Raleigh, Durham, and Charleston[36](index=36&type=chunk) - The company has total assets of **$50 billion** and approximately **350 banking offices**[36](index=36&type=chunk) - Services include corporate banking, small business banking, investment real estate financing, deposit products, mortgage lending, consumer lending, asset management, private banking, and insurance[37](index=37&type=chunk)

Financial Performance - FNB reported earnings per share (EPS) of $0.41, surpassing the estimated $0.37, resulting in a 10.81% earnings surprise [1][6] - Revenue for Q3 2025 was approximately $457.4 million, exceeding the estimated $446.7 million, marking a 3.23% revenue surprise and a significant increase from $413.02 million in the same period last year [2][6] - Net income available to common shareholders increased to $149.5 million from $110.1 million in Q3 2024, reflecting strong financial performance [3][6] Valuation Metrics - The company has a price-to-earnings (P/E) ratio of approximately 11.26 and a price-to-sales ratio of about 2.01, indicating reasonable market valuation [4] - FNB's debt-to-equity ratio is approximately 0.66, suggesting a balanced approach to financing [4] - The current ratio is around 0.16, indicating the company's ability to meet short-term liabilities [4] Market Position - F.N.B. Corporation (NYSE:FNB) operates primarily in the United States, providing a range of banking, trust, and insurance services, competing with other financial institutions like PNC Financial Services and Citizens Financial Group [6]

Core Insights - F.N.B. reported revenue of $457.44 million for the quarter ended September 2025, reflecting a year-over-year increase of 10.8% and surpassing the Zacks Consensus Estimate of $443.13 million by 3.23% [1] - Earnings per share (EPS) for the quarter was $0.41, up from $0.34 in the same quarter last year, resulting in an EPS surprise of 10.81% compared to the consensus estimate of $0.37 [1] Financial Metrics - Efficiency Ratio stood at 52.4%, better than the average estimate of 54.5% from four analysts [4] - Net Interest Margin was reported at 3.3%, exceeding the average estimate of 3.2% from four analysts [4] - Net charge-offs to average loans were 0.2%, matching the average estimate from three analysts [4] - Average Balance of Total Interest Earning Assets was $44.48 billion, slightly above the estimated $44.13 billion from two analysts [4] - Total Non-Performing Loans amounted to $125 million, close to the average estimate of $126.12 million from two analysts [4] - Total Non-Interest Income reached $98.17 million, surpassing the average estimate of $90.07 million from four analysts [4] - Mortgage Banking Operations generated $9.18 million, significantly higher than the average estimate of $6.24 million from three analysts [4] - Net Interest Income was reported at $359.27 million, exceeding the average estimate of $353.08 million from three analysts [4] - Bank Owned Life Insurance income was $4.21 million, slightly below the average estimate of $4.22 million from two analysts [4] - Capital Markets Income was $7.88 million, above the estimated $7.03 million from two analysts [4] - Trust Services income was $11.65 million, compared to the average estimate of $11.46 million from two analysts [4] - Other Non-Interest Income was reported at $9.17 million, significantly higher than the average estimate of $4.61 million from two analysts [4] Stock Performance - F.N.B. shares have returned -2.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - F.N.B. reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, and up from $0.34 per share a year ago, representing an earnings surprise of +10.81% [1] - The company achieved revenues of $457.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.23% and increasing from $413.02 million year-over-year [2] - F.N.B. shares have increased approximately 6.8% year-to-date, while the S&P 500 has gained 13.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.39 on revenues of $451.28 million, and for the current fiscal year, it is $1.44 on revenues of $1.74 billion [7] - The estimate revisions trend for F.N.B. was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Southeast industry, to which F.N.B. belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - National Bankshares, another company in the same industry, is expected to report quarterly earnings of $0.66 per share, reflecting a year-over-year increase of +57.1% [9]

Core Insights - F.N.B. Corporation reported a record earnings per diluted common share of $0.41, marking a 37% increase year-over-year and a 14% increase from the previous quarter, driven by record revenue of $457 million [1][3] - The company achieved a tangible book value per common share growth of 11% year-over-year, with a Common Equity Tier 1 (CET1) regulatory capital ratio estimated at 11% [3][15] Financial Performance - Net income available to common shareholders for Q3 2025 was $149.5 million, compared to $110.1 million in Q3 2024 and $130.7 million in Q2 2025 [1][4] - Operating earnings per diluted common share (non-GAAP) for Q3 2025 was $0.41, up from $0.34 in Q3 2024 [2][4] - Pre-provision net revenue (non-GAAP) grew 11% linked-quarter to $213.9 million, contributing to a peer-leading efficiency ratio of 52% [3][4] Revenue Breakdown - Net interest income reached a record $359.3 million, an increase of $35.9 million or 11.1% year-over-year, primarily due to growth in earning assets and lower interest-bearing deposit costs [8][17] - Non-interest income also set a record at $98.2 million, reflecting a 7.9% increase from the prior quarter, driven by strong performance in mortgage banking and capital markets [11][20] Asset Quality and Credit Management - The provision for credit losses was $24.0 million, with net charge-offs of $19.7 million, or 0.22% annualized of total average loans, indicating effective credit risk management [14][22] - The ratio of non-performing loans and other real estate owned (OREO) to total loans and OREO increased slightly to 0.37%, while total delinquency rose to 0.65% [13][22] Capital and Shareholder Returns - The tangible book value per common share (non-GAAP) was $11.48, an increase of $1.15 or 11.1% from the previous year [15][23] - During Q3 2025, the company repurchased $12 million worth of common stock, maintaining capital levels above operational requirements [6][15]

Core Insights - Analysts project F.N.B. (FNB) will announce quarterly earnings of $0.37 per share, an increase of 8.8% year over year, with revenues expected to reach $443.38 million, up 7.3% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable outlook from analysts [1][2] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2] - Analysts' forecasts for key metrics provide a more comprehensive understanding of the company's performance [3] Key Financial Metrics - The estimated 'Efficiency Ratio' is 54.3%, down from 55.2% in the same quarter last year [4] - 'Net Interest Margin' is projected to be 3.2%, compared to 3.1% in the same quarter last year [4] - 'Average Balance - Total interest earning assets' is estimated at $44.13 billion, up from $42.31 billion in the same quarter last year [5] - 'Total Non-Performing Loans' are expected to reach $126.12 million, slightly down from $129.00 million in the same quarter last year [5] Income Projections - 'Mortgage banking operations' are forecasted at $6.24 million, up from $5.54 million in the same quarter last year [6] - 'Total Non-Interest Income' is expected to be $90.09 million, compared to $89.69 million in the same quarter last year [6] - 'Net Interest Income' is projected to reach $352.12 million, an increase from $323.33 million year-over-year [7] - 'Insurance commissions and fees' are expected to be $4.96 million, down from $5.12 million in the same quarter last year [7] - 'Capital markets income' is estimated at $7.03 million, up from $6.19 million in the same quarter last year [8] - 'Trust services' are projected to reach $11.46 million, compared to $11.12 million in the same quarter last year [8] - 'Other Non-Interest Income' is expected to be $4.61 million, up from $3.89 million year-over-year [8] Stock Performance - F.N.B. shares have decreased by 7% in the past month, contrasting with the Zacks S&P 500 composite's increase of 0.4% [9] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [9]

Core Points - F.N.B. Corporation plans to release its financial results for Q3 2025 on October 16, 2025, after market close [1] - A conference call to discuss the financial results will be held on October 17, 2025, at 8:30 AM ET [1] - The company operates in seven states and the District of Columbia, with total assets nearing $50 billion and approximately 350 banking offices [4][5] Company Overview - F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania [4] - The company provides a full range of commercial banking, consumer banking, and wealth management solutions [5] - F.N.B. Corporation's common stock trades on the NYSE under the symbol "FNB" and is included in the S&P MidCap 400 Index [6]

Core Insights - First National Bank, a subsidiary of F.N.B. Corporation, has appointed Santosh Sinha and Sundeep Tangirala as Senior Vice Presidents to enhance its AI and data science capabilities [1][3] - The focus on innovation and digital technology is aimed at driving growth and improving client experience [1] - Sinha will lead the AI strategy with an emphasis on ethical practices, while Tangirala will oversee strategic decisioning systems and regulatory models [1][3] Group 1: Company Developments - Santosh Sinha has over 10 years of experience in financial services and has previously worked as a cofounder of a technology startup and an AI researcher for the U.S. government [1][2] - Sundeep Tangirala has more than 20 years of technology experience, including nearly 15 years in the financial services sector, and previously served as Senior Vice President at PNC Bank [3][4] - F.N.B. Corporation operates in seven states and the District of Columbia, with total assets nearing $50 billion and approximately 350 banking offices [5][6] Group 2: Strategic Focus - The company aims to leverage AI, data science, and quantitative modeling to inform strategic planning and service delivery [1] - Tangirala's team will focus on identifying insights to drive revenue, efficiency, and process improvements across various departments [3] - The bank's services include commercial banking, consumer banking, and wealth management solutions, indicating a diversified service offering [6]