Q2 2026 FNB Corp Earnings Call Transcript
Key Points
- F N B Corp (FNB) reported a 17% year-over-year increase in earnings per share to $0.42, with net income reaching $149 million.
- The company achieved record revenue of $463 million, driven by net interest income of $366 million and non-interest income of $97 million.
- Tangible book value per common share increased by 10% year-over-year, reflecting strong profitability and capital generation.
- FNB's capital levels remained robust, with a TCE ratio of nearly 9% and a return on average tangible common equity of 14%.
- The company demonstrated strong loan growth, with period-end loans increasing by 7.5% on an annualized linked-quarter basis, led by commercial and industrial, consumer lending, and residential mortgage production.
- Net interest income guidance was revised downward due to heightened deposit competition and tighter loan spreads.
- The competitive environment for deposits remains challenging, impacting the ability to reduce interest-bearing deposit costs.
- CRE balances were impacted by payoffs, resulting in a $129 million linked-quarter decline.
- The company faces ongoing geopolitical and economic volatility, which could impact credit quality and loan growth.
- Operating expenses increased by 2.9% from the year-ago quarter, driven by higher salaries, technology investments, and third-party costs.
Good morning, and welcome to the FNB Corporation second-quarter 2026 earnings 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 report that 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 in 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 Commission
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