F.N.B. (FNB) Q2 2026 earnings summary

Executive summary

• Second quarter EPS rose 17% year-over-year to $0.42, with net income of $149 million and record revenue of $463 million, driven by net interest income of $366 million and non-interest income of $97 million.

• Tangible book value per share increased 10% year-over-year to $12.24, reflecting strong profitability and internal capital generation.

• Share repurchases totaled $47 million in Q2, with over $80 million repurchased in the first half of the year.

• The company received multiple third-party recognitions, including Lender of the Year by the Export-Import Bank and a top workplace award.

• Return on average tangible common equity reached 14.07%.

Financial highlights

• Net interest income grew 5.3% year-over-year to $365.7 million, with net interest margin (FTE) at 3.25%.

• Non-interest income increased 6.5% year-over-year to $97.0 million, led by wealth management and capital markets.

• Pre-provision net revenue (non-GAAP) rose 9% year-over-year to $209.4 million.

• Non-interest expense rose 2.9% year-over-year, mainly due to higher salaries, technology investments, and outside services.

• Efficiency ratio improved to 53.7%, down over 100 basis points year-over-year.

Outlook and guidance

• Full-year loan and deposit growth expected in the mid-single digits.

• Full-year net interest income guidance revised to $1.485–$1.515 billion, reflecting deposit competition and no Fed rate changes assumed.

• Non-interest income guidance remains $370–$390 million for the year.

• Non-interest expense guidance tightened to $1.01–$1.02 billion, with Q3 expected at $255–$260 million.

• Provision guidance lowered to $80–$95 million for the year due to favorable credit performance.