F.N.B. Corporation Reports Steady Net Income and Revenue Growth in Q1 2025

F.N.B. Corporation reported its financial results for the first quarter of 2025, revealing a net income of $117 million, or $0.32 per diluted share, which remained consistent with the same period in 2024. Total revenue for the quarter reached $559 million, an increase from $543 million in the prior year, driven by a slight rise in net interest income to $324 million, up from $319 million. The provision for credit losses increased to $17.5 million from $13.9 million, reflecting the company's proactive approach to managing credit risk amid a growing loan portfolio.

The company's total assets grew to $49 billion, up from $48.6 billion at the end of 2024, primarily due to an increase in loans and leases, which rose to $34.2 billion from $33.9 billion. Deposits also saw a modest increase, totaling $37.2 billion, compared to $37.1 billion in the previous quarter. The growth in deposits was attributed to a rise in interest-bearing demand deposits, which increased by $252 million, while time deposits decreased by $195 million. The loan-to-deposit ratio stood at 92%, reflecting a stable funding position.

Strategically, F.N.B. Corporation has focused on enhancing its customer experience through technology and digital banking initiatives, which contributed to a 3.5% annualized growth in loans during the quarter. The company also reported a strong capital position, with a Common Equity Tier 1 (CET1) capital ratio of 10.7%, exceeding regulatory requirements. The tangible book value per common share increased by 12.3% year-over-year to $10.83, indicating solid shareholder value growth.

Operationally, F.N.B. Corporation maintained a conservative approach to credit risk management, with non-performing loans remaining stable at 0.47% of total loans. The allowance for credit losses on loans and leases was $429 million, representing 1.25% of total loans. The company continues to monitor economic conditions closely, particularly in light of potential impacts from tariffs and other regulatory changes, ensuring it is well-positioned to navigate various market scenarios.

Looking ahead, F.N.B. Corporation expressed confidence in its ability to sustain growth and profitability, supported by a diversified deposit base and a commitment to strategic investments in technology and customer service. The company remains focused on maintaining strong asset quality and capital levels while adapting to evolving market conditions.