F.N.B. Corporation Second‑Quarter 2026 Results

F.N.B. Corporation (NYSE:FNB) announced its second‑quarter 2026 financial results, reporting adjusted earnings per share of $0.42, which met analyst expectations. Revenue for the quarter totaled $462.6 million, representing a 4.7% year‑over‑year increase from $441.2 million in the comparable period of 2025, but it fell short of the consensus estimate of $467.3 million.

Net income climbed 13.8% year‑over‑year to $148.7 million, up from $130.7 million in the second quarter of 2025. The increase was supported by net interest income of $365.7 million, a 5.3% rise from the prior year, and an expansion of the net interest margin by six basis points to 3.25%.

Average loans and leases grew 2.9% year‑over‑year to $35.5 billion, while average deposits rose 4.1% to $38.7 billion. Non‑interest income reached $97.0 million, up 6.5% year‑over‑year, driven by a $1.6 million (7.8%) increase in wealth‑management revenue and a $1.1 million (16.2%) rise in capital‑markets income.

The provision for credit losses decreased to $21.4 million from $25.6 million in the prior‑year quarter. Net charge‑offs amounted to $17.0 million, representing 0.19% annualized of total average loans, compared with $21.8 million (0.25% annualized) in the second quarter of 2025. The ratio of non‑performing loans and other real‑estate‑owned assets to total loans fell three basis points to 0.31%.

During the quarter, the company repurchased $47 million of common stock, equivalent to 2.7 million shares, at a weighted‑average price of $17.46 per share. Tangible book value per common share increased 9.9% year‑over‑year to $12.24.

Shares edged higher by 0.6% following the release. Chairman, President and Chief Executive Officer Vincent J. Delie, Jr. said the results reflect the successful execution of the bank’s technology‑focused strategic business model, highlighting a 17% year‑over‑year increase in EPS and a record revenue of $463 million that drove a 9% year‑over‑year rise in pre‑provision net revenue and another quarter of positive operating leverage.