F.N.B. (FNB) Q4 2025 earnings summary

Executive summary

• Achieved record full-year revenue of $1.8 billion, net income of $577 million, and EPS of $1.59, with 14% year-over-year EPS growth and strong profitability metrics for 2025.

• Surpassed $50 billion in assets, with tangible book value per share rising 13% year-over-year to $11.87.

• Fourth quarter 2025 net income available to common shareholders was $168.7 million ($0.47 per diluted share), with operating EPS (non-GAAP) at $0.50.

• Strategic initiatives included reducing CRE concentration, transferring $200 million in residential mortgages to held for sale, and expanding digital and AI capabilities.

• $20 million contributed to the foundation and $37.2 million in investment tax credits recognized from renewable energy financing.

Financial highlights

• Net interest income for 4Q25 was $365.4 million, up 1.7% sequentially and 13.4% year-over-year; net interest margin rose to 3.28%.

• Non-interest income for 4Q25 was $92.3 million, up 81.3% year-over-year, with operating non-interest income up 8.8%.

• Efficiency ratio improved to 53.8% in 4Q25, 307 basis points better than Q4 2024.

• Total loans grew 3.4% and deposits 4.5% year-over-year; loan-to-deposit ratio improved to 89.7%.

• Provision for credit losses was $18.9 million in 4Q25, down from $22.3 million in 4Q24.

Outlook and guidance

• 2026 guidance targets mid-single digit growth in loans and deposits; net interest income projected at $1.495–$1.535 billion.

• Non-interest income expected at $370–$390 million; non-interest expense at $1–$1.02 billion.

• Provision expense for 2026 expected at $85–$105 million; effective tax rate between 21–22%.

• Efficiency ratio expected to reach low 50s by second half of 2026, driven by technology and process improvements.

• Focus on balance sheet positioning, loan concentration management, and technology investments for future growth.