Q1 2026 FNB Corp Earnings Call Transcript
Key Points
- F N B Corp (FNB) reported a solid quarter with net income of $137 million and a 19% increase in EPS to $0.38.
- The company achieved a 17% increase in pre-provision net revenue and generated positive operating leverage of 4.9%.
- FNB's tangible book value per share increased by 11% from the previous year, reaching $12.06.
- The company announced an 8% increase in its quarterly cash dividend to $0.13 per share.
- FNB has returned a total of $2.4 billion in capital to shareholders through dividends and repurchases since 2009.
- Delinquency, non-performing loans (NPLs), and other real estate owned (OREO) increased slightly, each up 3 basis points compared to the prior quarter.
- The net interest margin (NIM) decreased by 3 basis points sequentially to 3.25%, impacted by the timing of the Fed rate cut.
- Non-interest expense increased by 4.5% from the previous year, driven by higher fraud losses, litigation-related expenses, and mortgage down payment assistance program costs.
- CRE balances were down $110 million linked quarter due to expected payoffs.
- The company expects to be at the higher end of its non-interest expense guidance range due to increased investments in franchise growth and new strategic initiatives.
Good day, and welcome to the FNB first-quarter 2026 earnings conference call.
(Operator Instructions).
Please note this event is being recorded. I would now like to turn the conference over to Lisa Hajdu, Manager of Investor Relations. Please go ahead.
Good morning, and welcome to our earnings call. This conference call of FNB Corporation and the reports it files with the Securities and Exchange Commission often contain forward-looking statements and non-GAAP financial measures. Non-GAAP financial measures should be viewed in addition to and not as an alternative for our reported results prepared in accordance with GAAP. Reconciliations of GAAP to non-GAAP operating measures to the most directly comparable GAAP financial measures are included in our presentation materials and our earnings release.
Please refer to these non-GAAP and forward-looking statement disclosures contained in our related materials, reports and registration statements filed with the Securities and Exchange
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
