F.N.B. reported second-quarter 2026 results with net income of $148.7 million, or $0.42 per diluted common share, up from $130.7 million, or $0.36, in Q2 2025. The company posted record revenue of approximately $462.7–463.0 million and reported pre-provision net revenue (non‑GAAP) of $209.4 million. Management highlighted EPS growth, tangible book value per share improvement and continued loan and deposit expansion while maintaining asset quality.
Financial Highlights
- Net income: $148.7 million for Q2 2026 (Q2 2025: $130.7 million).
- Earnings per diluted common share: $0.42 in Q2 2026 (Q2 2025: $0.36).
- Reported (record) revenue: approximately $462.7–$463.0 million for Q2 2026.
- Pre-provision net revenue (non-GAAP): $209.4 million for Q2 2026.
- Tangible book value per common share (non-GAAP): $12.24 at June 30, 2026, up 9.9% year-over-year.
Business Highlights
- Average loans and leases grew to $35.5 billion, driven by consumer loan growth (including a 10.3% increase in residential mortgage loans) and gains in commercial and industrial lending.
- Average deposits totaled $38.7 billion with a stable mix of non‑interest-bearing deposits at 26% and growth across money market, interest-bearing demand and time deposits.
- Net interest income totaled $365.7 million; net interest margin (FTE) was 3.25%, stable sequentially.
- Non-interest income was $97.0 million, supported by increases in wealth management, capital markets and bank-owned life insurance revenues.
- Asset quality remained solid: provision for credit losses $21.4 million, net charge-offs $17.0 million (0.19% annualized), non-performing loans ratio 0.31% and ACL to loans 1.25%.
Original SEC Filing:
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