F.N.B. (FNB) investor relations material

Executive summary

• Q3 net income was $152.9M, or $0.43 per diluted share; YTD diluted EPS rose 12.8% to $1.23.

• Revenue was $469.1M; record net interest income of $376.5M and NIM of 3.29%, up 4 bps QoQ, supported results.

• Loans and deposits grew 8.5% and 8.9% annualized QoQ, respectively; tangible book value per share increased 7.0% YoY to $12.28.

Financial highlights

• Net interest income rose 3.0% QoQ and 4.8% YoY; pre-provision net revenue was $212.2M, up 1.3% QoQ.

• Non-interest income was $92.6M, down 5.7% YoY; service charges rose 5.7%, while mortgage banking and capital markets income fell 39.4% and 18.4%, respectively.

• Non-interest expense was $256.9M, up 4.5% on an operating basis excluding the prior-year FDIC assessment reduction; efficiency ratio was 53.71%.

• Provision for credit losses was $19.6M; net charge-offs were $11.0M, or 0.12% annualized, versus 0.22% a year earlier.

Outlook and guidance

• FY26 period-end loan and deposit growth targets are mid-single digits, supported by market-share gains and deeper customer relationships.

• FY26 net interest income guidance is $1.485B–$1.500B; non-interest income guidance is $370M–$380M.

• FY26 provision guidance is $80M–$90M; non-interest expense is $1.01B–$1.02B, expected toward the high end; tax-rate guidance is 21%–22%.

• Q4 NIM is expected to rise by low-to-mid-single-digit bps QoQ; CRE balances are expected to return to growth in early 2027.

• Guidance assumes a 25-bp Fed rate hike in December 2026, with no material impact expected given its timing; strong positive operating leverage is expected.