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

Executive summary

• Net income for Q1 2026 was $137 million ($0.38 per diluted share), up 18.8% year-over-year, with EPS up 19% and operating net income matching reported results.

• Pre-provision net revenue rose 17% year-over-year, driven by growth in both net interest and non-interest income.

• Tangible book value per share increased 11.4% year-over-year to $12.06, a record high.

• Announced an 8% increase in the quarterly dividend to $0.13 per share and a new $250 million share repurchase program, bringing total capacity to $300 million.

• Total loans and leases grew $334.2 million (3.9% annualized) linked-quarter, with both consumer and commercial segments contributing.

Financial highlights

• Total revenues grew 9.4% year-over-year; net interest income up 10.9% to $359.3 million.

• Non-interest income rose 3.7% to $91 million, with capital markets income up 27.8%.

• Non-interest expense increased 4.5% year-over-year to $257.9 million, driven by technology investments and higher fraud/litigation costs.

• Efficiency ratio improved to 56.1% from 58.5% a year ago.

• Loan and lease balances ended at $35.1 billion, up 3.9% annualized linked quarter.

• Spot total deposits were $38.9 billion, with non-interest-bearing deposits stable at 26%.

Outlook and guidance

• Full-year 2026 guidance targets mid-single digit growth in loans and deposits.

• Net interest income guidance: $1.495–$1.535 billion for 2026; Q2 projected at $370–$380 million.

• Non-interest income guidance: $370–$390 million for the year; Q2 expected at $90–$95 million.

• Non-interest expense guidance: $1.0–$1.02 billion, now expected at the higher end due to strategic investments.

• Provision guidance: $85–$105 million for the year; effective tax rate 21–22%.