F.N.B. Corporation Reports $149 Million Net Income and 5.6% Revenue Growth in Q2 2026

F.N.B. Corporation reported a net income of $149 million, or $0.42 per diluted share, for the second quarter of 2026, marking a 13.8% increase from the $130 million, or $0.36 per diluted share, recorded in the same period last year. The company’s total revenue reached $463 million, a 5.6% increase year-over-year, driven by a 5.3% rise in net interest income to $366 million, attributed to growth in average earning assets and lower interest-bearing deposit costs. The net interest margin improved by 6 basis points to 3.25%, reflecting a decrease in the cost of funds.

In comparison to the previous fiscal period, F.N.B. Corporation's provision for credit losses decreased by 16.6% to $21.4 million, with net charge-offs of $17 million, or 0.19% annualized of total average loans, down from 0.25% in the prior year. Non-interest income also saw a positive trend, totaling $97 million, up 6.5% from the previous year, bolstered by increases in wealth management revenue and capital markets income. However, non-interest expenses rose by 2.9% to $253 million, primarily due to higher salaries and employee benefits.

Strategically, F.N.B. Corporation has continued to focus on enhancing its technology-driven business model, which has contributed to a 7% annualized growth in average loans and leases. The company also repurchased $47 million worth of its common stock during the quarter, reflecting its commitment to optimizing capital deployment. As of June 30, 2026, the company maintained a common equity tier 1 (CET1) capital ratio of 11.4%, consistent with the previous quarter.

Operationally, F.N.B. Corporation reported total loans and leases of $35.8 billion, a 2.9% increase from the end of 2025, with notable growth in residential mortgages and commercial loans. The company’s total deposits slightly decreased to $38.7 billion, with a stable mix of non-interest-bearing deposits at 26%. The allowance for credit losses on loans and leases stood at $447.3 million, reflecting a stable ratio of 1.25% to total loans.

Looking ahead, F.N.B. Corporation expressed confidence in its ability to navigate the current economic landscape, emphasizing its proactive management of credit risk and commitment to maintaining strong capital levels. The company plans to continue leveraging its diversified business model to drive growth and enhance shareholder value, while remaining vigilant in monitoring market conditions and adjusting strategies as necessary.