Fnb Stock Earnings Reports

F.N.B. reported a strong Q2 2026: EPS of $0.42 (+17% YoY) and net income of $149 million driven by record total revenue of $463 million (NII $366M, non-interest income $97M). Tangible book value per share rose 10% YoY to $12.24. Loan growth was robust (period-end spot loans $35.8B; 7.5% annualized linked-quarter), led by C&I, consumer (seasonal mortgage/HELOC) and capital-markets-related relationships. Deposit mix remains a strength with non-interest-bearing balances >$10B (26% of deposits) and modestly lower total deposit cost. Asset quality remained strong: NPLs, delinquencies and net charge-offs at low levels; funded reserve $447M (1.25% of loans) with NPL coverage ~420% including discounts. Management highlighted investments in data, AI and new digital tools (Insight 360, Common App, eStore) to improve customer primacy, pricing and fee revenue; wealth, brokerage and capital markets revenues showed YoY growth and record brokerage fees. Q2 efficiency ratio 53.7% with continued disciplined expense management and targeted strategic hires. Capital management: $47M repurchases in Q2 ($80M+ YTD) and remaining repurchase authorization ~ $250M; TCE ~9% and CET1 11.4%. Guidance updates: full-year spot loans/deposits expected mid-single-digit growth; full-year NII revised to $1.485B–$1.515B (reduction driven by one-month SOFR weakness and competitive funding); 3Q NII $375M–$385M. Non-interest income guidance unchanged; non-interest expense guided to $1.01B–$1.02B (expect toward high end). Provision guidance tightened to $80M–$95M. Management expects continued positive operating leverage and a constructive second half backed by a record pipeline across C&I, CRE and treasury management, while continuing conservative underwriting and monitoring macro/geopolitical risks.