F.N.B. Corporation
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsF.N.B. Corporation is a diversified financial services holding company providing banking, wealth management, and insurance services to consumers and businesses primarily in the Mid-Atlantic and Southeast regions.
What they do
F.N.B. operates through three reportable segments: Community Banking, Wealth Management, and Insurance. Community Banking offers commercial and consumer lending and deposit products through 355 branches across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. Wealth Management and Insurance provide additional fee-based revenue streams.
Revenue drivers
- Community Banking — Core driver, generating net interest income from loans (average $35.5 billion in Q2 2026) and deposits (average $38.7 billion).
- Wealth Management — Fee-based revenue from wealth and trust services; noted as a segment but no specific figures in the provided excerpts.
- Insurance — Fee-based revenue from insurance products; part of the reportable segments, but no specific revenue figures provided.
Recent performance
In Q2 2026, F.N.B. reported net income of $148.7 million ($0.42 diluted EPS), up from $130.7 million ($0.36) in Q2 2025 and $137.0 million ($0.38) in Q1 2026. Revenue reached a record $462.7 million, with non-interest income of $97.0 million, up 6.6% linked-quarter. Net interest margin (FTE) was stable at 3.25% in Q2 2026. Average loans and leases grew 2.9% year-over-year, while average deposits grew 4.1%.
Strategy
Management emphasizes a technology-focused model, investing in digital capabilities, data analytics, and artificial intelligence to improve efficiency and deepen customer relationships. The strategy includes centralized operations and risk functions to achieve economies of scale while maintaining local decision-making autonomy. Growth is driven by high-quality asset origination and improved deposit mix (non-interest-bearing deposits at 26% of total). Management highlights positive operating leverage and solid capital metrics as outcomes of this approach.
Risks
- Credit risk on commercial loans — A substantial portion of the loan portfolio is commercial, and economic downturns could increase defaults.
- Interest rate and market volatility — Changes in market interest rates, tariffs, or trade wars could affect net interest margin and securities values.
- Regulatory and compliance burden — Consent orders with DOJ and North Carolina State DOJ impose compliance costs and potential reputational harm.
- Cybersecurity and third-party/AI risks — Interruptions or breaches in information systems, or reliance on vendors and AI, could disrupt operations.
Outlook
Management expects continued growth in average loans and deposits, with emphasis on consumer loan growth and expanding non-interest-bearing deposits. They anticipate stable net interest margin and positive operating leverage. Asset quality is expected to remain solid, with continued proactive management of the loan portfolio. The CET1 ratio is estimated at 11.4% for Q2 2026, suggesting ample capital to support growth.