F.N.B. Corporation Reports Second Quarter Earnings

F.N.B. Corporation, headquartered in Pittsburgh, Pennsylvania, has released its financial results for the second quarter of 2025. The company reported record revenue and increased profitability, reflecting strong performance across various financial metrics.

Financial Highlights

For the second quarter of 2025, F.N.B. Corporation reported net income available to common shareholders of $130.7 million, or $0.36 per diluted common share. This represents an increase from $123.0 million, or $0.34 per diluted common share, in the second quarter of 2024, and $116.5 million, or $0.32 per diluted common share, in the first quarter of 2025.

Revenue for the quarter reached a record $438 million, a 6.5% increase from the previous quarter. Net interest income also hit a record $347.2 million, up 7.2% from the prior quarter, driven by higher yields on earning assets and lower cost of funds.

The net interest margin (FTE) increased by 16 basis points to 3.19%, reflecting improvements in asset yields and a decline in funding costs. The provision for credit losses was $25.6 million, up from $17.5 million in the previous quarter, with net charge-offs of $21.8 million.

Business and Operational Highlights

Average loans and leases totaled $34.5 billion, an increase of $1.2 billion, or 3.7%, from the same period last year. This growth included $889.0 million in consumer loans and $357.8 million in commercial loans and leases. Average deposits increased by $2.5 billion, or 7.3%, to $37.1 billion, driven by growth in interest-bearing demand deposits and time deposits.

Non-interest income reached a record $91.0 million, with significant contributions from capital markets income and wealth management revenues. Non-interest expense totaled $246.2 million, reflecting strategic investments in technology and market expansion.

Strategic Initiatives and Corporate Developments

During the second quarter, F.N.B. Corporation repurchased 0.7 million shares of common stock at a weighted average share price of $13.85. The company maintained strong capital levels, with a Common Equity Tier 1 (CET1) regulatory capital ratio of 10.8% and a tangible common equity ratio of 8.5%.

F.N.B. Corporation continued to invest in its tech-focused Clicks-to-Bricks strategy, enhancing its digital tools and leveraging data-driven analyses and artificial intelligence to drive future growth.

Management's Perspective

Vincent J. Delie, Jr., Chairman, President, and CEO of F.N.B. Corporation, commented on the results, stating, "Our sustained levels of profitability further strengthened capital to all-time highs. The tech-focused investment in our Clicks-to-Bricks strategy and expanded utilization of our digital tools position FNB for ongoing success."

Future Outlook

F.N.B. Corporation remains optimistic about its future performance, with continued focus on margin expansion, credit risk management, and strategic investments in technology and market growth. The company aims to maintain its strong financial position and deliver value to shareholders.

SEC Filing: FNB CORP/PA/ [ FNB ] - 8-K - Jul. 18, 2025