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 ...

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 ...

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 ...

For the quarter ended September 2024, F.N.B. (FNB) reported revenue of $413.02 million, up 1.2% over the same period last year. EPS came in at $0.34, compared to $0.40 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $409.8 million, representing a surprise of +0.78%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $0.36. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

F.N.B. (FNB) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this financial holding company would post earnings of $0.35 per share when it actually produced earnings of $0.34, delivering a surprise of -2.86%. Over the last four quarters, the ...