PITTSBURGH, Aug. 14, 2025 /PRNewswire/ -- F.N.B Corporation (NYSE: FNB) announced today that Frank Schiraldi has joined its banking subsidiary, First National Bank, as Director of Corporate Strategy. Frank Schiraldi Reporting to Chief Strategy Officer Christopher Chan, Schiraldi leads a team responsible for executing growth strategies and developing strategic analysis and presentations to assist in guiding corporate decision-making and business operations in addition to other projects assigned to the g ...

Overview - The author, Avi Chawla (@_avichawla), shares tutorials and insights on Data Science (DS), Machine Learning (ML), Large Language Models (LLMs), and Retrieval-Augmented Generation (RAGs) daily [1] - The author has been using Jupyter Notebooks for over 9 years [1] Jupyter Notebook Features - The author highlights 5 hidden features of Jupyter Notebooks that most users are unaware of [1]

Core Argument - Numbers, while seemingly precise, are incomplete without human context and qualitative understanding [6][14][20] - Over-reliance on quantitative metrics can lead to unintended negative consequences and ethical compromises within organizations [6][7][8][9][10] - The presentation advocates for a balanced approach, integrating human insights and values alongside data-driven decision-making [14][15][19] Case Studies & Examples - The failure of a predictive model during Brexit highlights the limitations of data in capturing irrational human behavior and market reactions [3][4][5] - Wells Fargo's account creation scandal illustrates how aggressive targets can incentivize unethical behavior, resulting in millions of fake accounts [7] - Amazon's "Time of Task" KPI demonstrates how efficiency metrics can dehumanize employees, leading to health issues and a loss of dignity [8][9] Alternative Approaches & Solutions - New Zealand's "wellbeing budget," allocating 19 billion New Zealand dollars to mental health, and Bhutan's Gross National Happiness index exemplify prioritizing citizen well-being alongside economic growth [17] - Integrating qualitative feedback, such as patient understanding and communication quality, alongside quantitative metrics improves outcomes in healthcare [16] - The presentation encourages organizations to consider what is being left out, who is affected but not measured, and what qualitative stories complement the data [14][15]

Technology & Development - Open-source tools enable building production-grade LLM web apps rapidly [1] - Interactive apps are more suitable for users focused on results rather than code [1] Data Science & Machine Learning - Data scientists and machine learning engineers commonly use Jupyter for data exploration and model building [1] - Tutorials and insights on DS, ML, LLMs, and RAGs are shared regularly [1]

Financial Data and Key Metrics Changes - The company reported net income available to common shareholders of $130.7 million, or $0.36 per share, with a linked quarter revenue growth of 6.5% [5][19] - Pre-provision net revenue rose 16% from the prior quarter to $192 million, with total revenues reaching a quarterly record of $438 million [5][19] - The CET1 ratio approached 11%, tangible common equity stood at 8.5%, and tangible book value per share increased by 13% year over year to $11.14 [5][25] Business Line Data and Key Metrics Changes - Net interest income was $347 million, while non-interest income reached a record $91 million, more than doubling over the last ten years [5][24] - Average loans and leases totaled $34.5 billion, reflecting a 5.3% annualized linked quarter increase, driven by consumer and commercial loan growth [20] - Non-interest expense totaled $246.2 million, with increases primarily due to strategic hiring and technology investments [24][25] Market Data and Key Metrics Changes - Average total deposits grew to over $37 billion, with a loan-to-deposit ratio of 91.9%, down slightly from the last quarter [6][21] - The company maintained a non-interest-bearing demand deposit level of 26% [6][21] - The cumulative total deposit beta since interest rate cuts began in September was 28% at quarter end [21] Company Strategy and Development Direction - The company is focused on organic growth and diversifying revenue streams, particularly in non-interest income [8][9] - Recent expansions into public finance and corporate investment banking services are part of the strategy to enhance high-value business lines [9] - The integration of the eStore common application into the branch origination platform aims to improve customer onboarding and experience [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a pickup in commercial loan growth in 2025, supported by a strong short-term commercial loan pipeline [20] - The company is closely monitoring the impact of tariffs and geopolitical events on its loan portfolio while managing strong liquidity and capital positions [12][17] - Management highlighted the importance of maintaining a disciplined approach to credit risk management amid a volatile economic environment [12][17] Other Important Information - The company repurchased 725,000 shares at a weighted average price of $13.85 during the quarter [6] - The efficiency ratio remained favorable at 54.8%, with expectations for positive operating leverage in the second half of 2025 [25] - The company has created a generative AI task force to explore new use cases and ensure responsible risk management around AI usage [12] Q&A Session Summary Question: Margin guidance and expectations - Management indicated that the margin is expected to be flattish to slightly up in the next two quarters, with a significant contribution from growth in earning assets and lower cost of funds [33][34] Question: Expense guidance and investments - The increase in guidance was primarily due to the down payment assistance program, with expectations for higher commissions tied to revenue performance [38][39] Question: Deposit cost perspective and competition - Management noted that total interest-bearing deposit costs are expected to remain stable until the Fed moves, with confidence in their ability to gather deposits due to a diverse geographic footprint [48][49] Question: Future loan growth composition - The company anticipates a shift towards commercial loan growth while the mortgage lending business is expected to taper off, with a focus on high-quality deposits [91][92] Question: Capital management strategy - The company views its capital position as a buffer for funding loan growth, with active share repurchase programs and potential dividend considerations [111][113]

Company Overview - Aware, Inc. is a leading global biometrics company that utilizes data science and machine learning to address business and identity challenges through biometrics [3] - The company has over 30 years of experience in the field and is recognized for its ethical and responsible approach to biometric technology [3] Upcoming Financial Event - Aware will hold a webcast on July 30, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025 [1][2] - Financial results will be released in a press release prior to the webcast, which will include a presentation followed by a question-and-answer session [1] Investor Engagement - Interested parties can submit questions in advance of the webcast via email [2] - The presentation will be available for replay in the investor relations section of the company's website for approximately 90 days after the live event [2]

Product Overview - MindsDB is presented as a federated query engine with a built-in MCP server [1] - The platform supports querying data from over 200 sources, including Slack, Gmail, and social platforms [1] - MindsDB offers query capabilities in both SQL and natural language [1] - The platform is 100% open-source and has over 33 thousand stars [1]

Company Overview - Nu Holdings (NYSE: NU) is a digital fintech bank primarily operating in Latin America, with additional presence in Germany and the U.S. [1] Financial Products - The company offers a wide range of financial products similar to traditional banking services [1]

Core Insights - WTW has appointed Alena Kharkavets as the North American Head of Claims in its Insurance Consulting and Technology (ICT) business, indicating a strategic move to enhance its claims analytics capabilities [1][3]. Company Overview - WTW is a global advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries [5]. Leadership Background - Alena Kharkavets joins WTW from Intact Financial Corporation, where she spent nearly twenty years in various senior roles, gaining extensive expertise in pricing, claims, underwriting, M&A, digital distribution, and strategy [2]. Strategic Focus - Kharkavets will focus on advancing claims analytics by integrating data science and AI into claims processes, aiming to improve outcomes for both carriers and customers [3]. - She will also provide strategic advice on the effective use of data and analytics to enhance decision-making across client organizations [3]. Industry Positioning - Laura Doddington, Head of Personal and Commercial Lines at WTW, emphasized that Kharkavets' expertise in insurance pricing and claims analytics will be a significant asset as WTW aims to strengthen its position as a leading consulting and technology solutions provider in the insurance industry [4].

Data Science Definitions - Data science focuses on mathematical definitions [1] - The field highlights 25 key mathematical definitions [1] Resource Sharing - A question is posed regarding additional definitions to include [1] - A link is provided for further exploration of mathematical definitions in data science [1]