F.N.B. (NYSE:FNB) Q4 2025 Earnings call January 21, 2026 08:30 AM ET Company ParticipantsVincent Delie - Chairman, President and CEOVincent Calabrese - CFOGary L. Guerrieri - Chief Credit OfficerNone - Company RepresentativeLisa Hajdu - Head of Investor RelationsConference Call ParticipantsNone - AnalystDaniel Tamayo - AnalystKelly Motta - AnalystBrian Martin - AnalystRussell Gunther - AnalystOperatorGood morning, everyone. Thank you for joining this morning's F.N.B. Corporation conference call. The call wi ...

Core Insights - Invesco Ltd.'s QQQ Trust, Series 1, has transitioned to an open-end exchange-traded fund (ETF) structure, approved by its shareholders, along with a new governance model featuring a board of trustees [1][7]. Group 1: Rationale and Benefits of the Move - The QQQ Trust has been operating under a unit investment trust (UIT) structure since its inception in 1999, which has become less efficient compared to modern ETFs, limiting capabilities such as reinvesting dividends and securities lending [2]. - The reclassification aims to align QQQ with contemporary ETF models, enhancing operational efficiencies and reducing the expense ratio, which is expected to drive revenue growth [2][3]. - The total expense ratio for Invesco QQQ will decrease from 0.20% to 0.18%, providing direct benefits to shareholders [3]. Group 2: Strategic Implications - The new structure will enable the fund to reinvest income and engage in securities lending without tax consequences for investors, while still tracking the Nasdaq-100 Index [3][7]. - Invesco's CEO highlighted the transformation as a means to enhance flexibility and improve outcomes for investors, while also aiming to grow assets under management, which would subsequently increase revenues [4]. Group 3: Market Performance - Invesco's shares have experienced a significant increase of 80.8% over the past six months, contrasting with a 2.1% decline in the industry [5]. - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence [8].

Core Insights - Truist Financial Corp (TFC) has launched an electronic direct deposit switching feature to enhance the digital onboarding process for clients, resulting in 19% of new digital applicants completing the switch since its introduction in August [1][6] Group 1: Truist's Digital Strategy - The introduction of the direct deposit switching feature aligns with Truist's strategy to invest in a digitally enabled client experience and support long-term financial success [2] - Truist plans to add 100 insights-driven branches and renovate over 300 branches in high-growth markets over the next five years, alongside hiring additional Premier advisors for complex financial needs [2] - The firm is enhancing its digital platform with smarter appointment scheduling, self-service onboarding, and digital planning tools, while also expanding AI-driven solutions like Truist Assist and Truist Insights [3] Group 2: Client Experience and Growth Strategy - Sherry Graziano, head of digital, emphasized the importance of a faster onboarding experience, allowing clients to choose Truist as their primary financial partner through various channels [4] - Truist's strategy focuses on disciplined growth through physical expansion and digital innovation, aiming to boost fee income, loan growth, and operational efficiency [4] Group 3: Market Performance - Truist's shares have increased by 10% over the past three months, outperforming the industry average rise of 7.6% [5]

Core Insights - F.N.B. Corp. (FNB) has launched Payment Switch, a service for automatic transfer of recurring ACH and debit card payments via the FNB Direct Mobile Banking App [1][10] Group 1: Payment Switch Service - Payment Switch simplifies customer onboarding and aligns with FNB's strategy to become the primary bank for clients [2] - The service allows near-real-time updates of payments across multiple merchants, covering approximately 80-90% of total recurring payment volumes nationwide [3] - Payment Switch enhances FNB's digital onboarding capabilities, allowing instant transfers of direct deposits and recurring payments, thus reducing account-switching hurdles [4] Group 2: Digital Payment Strategy - FNB is investing in digital payments and implementing an omnichannel Clicks-to-Bricks strategy to provide a seamless experience across physical and digital channels [5] - Recent enhancements include instant payments that enable fund transfers in under 15 seconds, with plans for outgoing instant payments for business clients [5] Group 3: Competitive Landscape - FNB's peers, Hancock Whitney (HWC) and SouthState Corp (SSB), are also focusing on market share growth through acquisitions and strategic expansions [6] - Hancock Whitney's acquisition of Sabal Trust aims to support fee income growth and expand its presence in Florida and Texas [7] - SouthState's acquisition of Independent Bank has significantly increased its total assets to $65.1 billion and enhanced its footprint in rapidly growing U.S. metropolitan areas [8] Group 4: Performance Metrics - Over the past six months, FNB's shares have increased by 26.9%, outperforming the industry's growth of 11.8% [9]

Core Viewpoint - F.N.B. Corporation has launched the Payment Switch feature, allowing customers to easily transfer their recurring ACH or Debit Card payments to FNB through the FNB Direct Mobile Banking App, enhancing customer engagement and positioning FNB as a primary banking choice for clients [1][4]. Group 1: Payment Switch Feature - The Payment Switch feature enables customers to automatically move their recurring payments to FNB in a few simple steps, streamlining the process of establishing a banking relationship [2][3]. - This service addresses common challenges faced by consumers when switching banks, allowing them to update payment methods across multiple merchants in near real-time, thus saving time and effort [3][4]. - Payment Switch is designed to manage approximately 80 to 90 percent of all total recurring payment volumes nationwide, covering services like streaming, food delivery, and utilities [4]. Group 2: Digital Strategy and Innovations - F.N.B. Corporation's digital strategy aims to enhance client primacy and market share through a comprehensive banking experience, starting with a simplified onboarding process [4]. - The company has made strategic investments in fintech, including a partnership with Atomic, to enhance its digital capabilities and improve customer service [5]. - Recent innovations also include instant payment capabilities, allowing clients to receive funds in under 15 seconds, available 24/7 [7]. Group 3: eStore and Omnichannel Experience - The Payment Switch feature complements FNB's Direct Deposit Switch service, further enhancing the eStore onboarding process, which allows consumers and small businesses to open multiple accounts simultaneously [6]. - FNB's omnichannel Clicks-to-Bricks strategy focuses on unifying customer experiences across digital and traditional banking networks, with the eStore platform providing a range of banking solutions and resources [8]. - Upcoming features will include temporary digital debit cards issued at account opening, enhancing digital convenience for customers [9]. Group 4: Company Overview - F.N.B. Corporation operates in seven states and the District of Columbia, with total assets of $50 billion and approximately 350 banking offices [10]. - The company offers a full range of commercial and consumer banking services, including wealth management solutions through its subsidiary network [11]. - F.N.B. Corporation is publicly traded on the New York Stock Exchange under the symbol "FNB" and is part of the S&P MidCap 400 Index [12].