Key Highlights

● Second-quarter net income rose to $148.7 million from $130.7 million a year earlier.

● Total revenue reached a record $462.7 million for the quarter.

● Average loans and leases rose 2.9 per cent year over year to $35.5 billion.

● The bank repurchased 2.7 million shares for $47 million during the quarter.

F.N.B. Corporation (NYSE:FNB), the Pittsburgh-based financial services company whose shares trade on the New York Stock Exchange as FNB, has scheduled its third-quarter 2026 results for after the market close on Monday 19 October 2026, with a conference call at 8:30 am Eastern time the following day.

Second-quarter earnings

Net income was $148.7 million, compared with $130.7 million a year earlier and $137.0 million in the first quarter. Diluted earnings per share were $0.42, against $0.36 in the second quarter of 2025, a rise of 16.7 per cent. Total revenue reached a record $462.7 million. Net interest income was $365.7 million, up 5.3 per cent year on year, and the fully taxable-equivalent net interest margin was 3.25 per cent, six basis points higher than a year earlier. Non-interest income rose 6.5 per cent to $97.0 million, while non-interest expense of $253.2 million was 2.9 per cent higher. The non-GAAP efficiency ratio was 53.7 per cent, down from 56.1 per cent in the first quarter. The yield on earning assets was 5.13 per cent and the total cost of funds 1.99 per cent, both non-GAAP, and the effective tax rate was 20.9 per cent against 21.5 per cent a year earlier.

Balance sheet and capital

Average loans and leases were $35.5 billion, up 2.9 per cent year on year, and average deposits were $38.7 billion, up 4.1 per cent. The loan-to-deposit ratio rose to 92.5 per cent from 90.3 per cent at the end of March. The estimated common equity tier 1 ratio was 11.4 per cent, unchanged from the previous quarter and higher than 10.8 per cent a year earlier. Tangible book value per share was $12.24, a non-GAAP measure, up 9.9 per cent on the year. The bank repurchased 2.7 million shares for $47 million during the quarter, at a weighted average price of $17.46. Non-interest-bearing deposits made up 26 per cent of the total. Book value per share was $19.34, and the tangible common equity to tangible assets ratio, a non-GAAP measure, was 8.93 per cent. Pre-provision net revenue, non-GAAP, was $209.4 million, up 8.8 per cent on the first quarter.

Credit Quality Still Looks Clean Heading Into Earnings

F.N.B. Corporation's second quarter showed broad-based improvement, with net interest margin widening, the efficiency ratio improving and common equity tier 1 capital rising to 11.4 per cent, while credit metrics including net charge-offs of just 0.19 per cent of average loans stayed low. With the loan-to-deposit ratio climbing to 92.5 per cent and third-quarter results due 19 October, the key question is whether that credit strength, and the margin gains behind it, carried into the next quarter.