F.N.B. Corporation Named a Leading U.S. Financial Services Company for Both Businesses and Consumers With 14 National Coalition Greenwich 2026 Awards and Exclusive Recognition from TIME [Accessibility Statement] Skip NavigationCompany Has Earned Approximately 130 Awards From Crisil Coalition Greenwich Since 2011PITTSBURGH, Feb. 26, 2026 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) strengthened its standing as a leading financial institution that excels across both commercial and personal banking sectors, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the transition period from to Commission file number 001-31940 F.N.B. CORPORATION | (Exact name of registrant as specified in its charter) | | | --- | --- | | Pennsylvania | 25-125540 ...

Core Viewpoint - The analysis indicates that F.N.B. Corp (FNB) has maintained a stable performance, suggesting that successful business models do not require frequent updates [1] Company Summary - F.N.B. Corp has not experienced significant changes recently, which is viewed positively as it reflects stability in its operations [1]

Core Viewpoint - F.N.B. Corporation (FNB) has shown strong performance with an 11% increase in shares over the past year, and recent Q4 results have led to a further 3% rise in share price [1] Financial Performance - The company reported strong Q4 results, contributing to the positive movement in share price [1] - F.N.B. Corporation maintains an excellent capital position, which supports ongoing balance [1]

Core Viewpoint - F.N.B. Corporation (FNB) has shown strong performance with an 11% increase in shares over the past year, and recent Q4 results have led to a further 3% rise in share price [1] Financial Performance - The company reported strong Q4 results, contributing to the positive movement in share price [1] - F.N.B. Corporation maintains an excellent capital position, which supports ongoing balance [1]

Financial Data and Key Metrics Changes - F.N.B. reported fourth quarter operating net income available to common shareholders of $182.50 per diluted common share, with full year 2025 operating performance reflecting revenue of $1.8 billion and operating net income of $577 million, marking a 14% year-over-year growth in operating EPS driven by a 9% growth in net interest income [5][13] - Return on average tangible common equity was 16%, and tangible book value per share increased by 13% to $11.87 from the year-ago quarter [5][20] - Fourth quarter net interest income reached a record $365.4 million, up 1.7% linked quarter and 13.4% year-over-year, with a net interest margin of $328, up 3 basis points linked quarter and 24 basis points year-over-year [16][20] Business Line Data and Key Metrics Changes - Average loans and leases increased by $169 million, or 1.9% annualized, with average consumer loans growing by $223 million, while average commercial loans and leases slightly decreased by $54 million [14][15] - The equipment finance business originated renewable energy financing transactions, contributing to total revenues of nearly $458 million, which grew 12.4% on an operating basis [13][14] - Operating non-interest income was $92.3 million, up 8.8% from the year-ago period, with wealth management revenues growing 15% [17][19] Market Data and Key Metrics Changes - Average deposits totaled $38.6 billion, an increase of $740 million, or 7.7% linked quarter annualized, driven by organic growth in new and existing customer relationships [15][16] - The mix of non-interest-bearing deposits to total deposits remained at 26%, with average non-interest-bearing deposits exceeding $10 billion, up 4.5% linked quarter annualized [15][16] Company Strategy and Development Direction - The company is focused on diversifying revenue streams, optimizing the balance sheet, and deploying capital thoughtfully, with a comprehensive digital strategy that includes early adoption of AI to enhance client acquisition and engagement [6][23] - F.N.B. has introduced innovative solutions such as Payment Switch and Direct Deposit Switch to improve customer experience and deepen relationships [7][8] - The company aims to achieve mid-single-digit growth in loans and deposits for 2026, with expectations for net interest income between $1.495 and $1.535 billion [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver meaningful loan and deposit growth, margin expansion, and further diversification of fee income in 2026 [23][24] - The company noted strong credit quality metrics, with total delinquency at 71 basis points and net charge-offs at 19 basis points, indicating continued strong performance despite economic uncertainties [9][10] - Management highlighted the importance of maintaining a strong capital position, with a CET1 ratio at 11.4%, and the potential for further capital deployment through buybacks and dividends [20][22][24] Other Important Information - The efficiency ratio remained solid at 53.8% for the fourth quarter, with expectations for improvement in 2026 [20] - The company has achieved annual cost savings of $10 million to $20 million since 2019, with expectations for higher levels of cost savings in 2026 through increased automation [8][19] Q&A Session Summary Question: Fee income growth expectations for 2026 - Management highlighted the importance of diversification in fee income, with all-time highs for several fee-based businesses and expectations for continued solid growth in 2026 [30][31] Question: Operating leverage outlook for 2026 - Management discussed the potential for meaningful increases in operating leverage, with expenses expected to grow in low single digits while investing in new initiatives [38][39] Question: Loan growth outlook for 2026 - Management indicated that C&I and CRE are expected to be the loan growth leaders, with strong production in the fourth quarter and a favorable loan-to-deposit ratio providing capacity for growth [47][49] Question: Capital management and dividend considerations - Management noted that while capital generation is strong, discussions regarding dividend increases and buybacks are ongoing, with a focus on optimizing shareholder value [62][64]

Financial Data and Key Metrics Changes - F.N.B. reported fourth quarter operating net income available to common shareholders of $182.50 per diluted common share, with full year 2025 operating performance reflecting revenue of $1.8 billion and operating net income of $577 million, marking a 14% year-over-year growth in operating EPS driven by a 9% growth in net interest income [5][13] - Return on average tangible common equity was 16%, and tangible book value per share increased by 13% year-over-year to $11.87 [5][20] - Fourth quarter net interest income reached a record $365.4 million, up 1.7% linked quarter and 13.4% year-over-year [16] Business Line Data and Key Metrics Changes - Average loans and leases for the fourth quarter totaled $35 billion, with average consumer loans growing by $223 million, while average commercial loans and leases slightly decreased by $54 million [14][15] - The equipment finance business originated renewable energy financing transactions, contributing to the overall revenue growth [13] - Operating non-interest income was $92.3 million, up 8.8% from the previous year, with wealth management revenues growing by 15% [17] Market Data and Key Metrics Changes - Average deposits totaled $38.6 billion, an increase of $740 million or 7.7% linked quarter annualized, driven by organic growth in customer relationships [15] - The loan-to-deposit ratio improved to 89.7%, a more than 170 basis point improvement from year-end 2024 [16] Company Strategy and Development Direction - F.N.B. is focused on diversifying revenue streams, optimizing the balance sheet, and deploying capital thoughtfully to enhance shareholder value [23] - The company continues to invest in technology and digital capabilities, including AI and data analytics, to drive efficiency and revenue growth [8][23] - The Clicks-to-Bricks strategy aims to enhance client experience and deepen relationships through innovative solutions [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving meaningful loan and deposit growth, margin expansion, and further diversification of fee income in 2026 [23][24] - The company anticipates mid-single-digit growth in loans and deposits for 2026, with net interest income expected between $1.495 and $1.535 billion [21][22] - Management noted that the macroeconomic environment is favorable for mortgage banking and treasury management activities [30][32] Other Important Information - The efficiency ratio remained solid at 53.8% for the fourth quarter, with expectations for improvement in 2026 [20] - The company achieved annual cost savings of $10 million to $20 million per year since 2019, with expectations for higher savings in 2026 [8] Q&A Session Summary Question: Fee income growth expectations for 2026 - Management highlighted the importance of diversification in fee-based businesses, projecting continued solid growth in 2026 with contributions from newer businesses and core fee-based services [30][31] Question: Operating leverage outlook for 2026 - Management indicated confidence in achieving meaningful operating leverage in 2026, with expectations for expenses to grow in the low single digits while investing in new initiatives [38][39] Question: Loan growth outlook for 2026 - Management expects mid-single-digit growth in loans, with C&I and CRE anticipated to outpace residential loans, supported by strong production and capacity for growth [47][49] Question: Capital management and CET1 ratio - Management noted that the CET1 ratio is at 11.4%, with sufficient capital generation to support high single-digit loan growth while considering buybacks and potential dividend increases [55][62] Question: M&A strategy - Management emphasized a focus on organic growth and internal capital generation, with M&A being a lower priority unless a compelling opportunity arises [90][91]

Financial Data and Key Metrics Changes - F.N.B. reported fourth quarter operating net income available to common shareholders of $182.50 per diluted common share, with full year 2025 operating performance reflecting revenue of $1.8 billion and operating net income of $577 million, marking a 14% year-over-year growth in operating EPS driven by a 9% growth in net interest income [5][14][25] - Return on average tangible common equity was 16%, and tangible book value per share increased by 13% year-over-year to $11.87 [5][22] - Fourth quarter net interest income reached a record $365.4 million, up 1.7% linked quarter and 13.4% year-over-year, with a net interest margin of 3.28% [18][19] Business Line Data and Key Metrics Changes - Average loans and leases increased by $169 million, or 1.9% annualized, with average consumer loans growing by $223 million, while average commercial loans slightly decreased by $54 million [16][17] - Operating non-interest income was $92.3 million, up 8.8% from the previous year, with wealth management revenues growing by 15% [19][20] - The efficiency ratio improved to 53.8%, 307 basis points better than the previous year, indicating effective expense management [21] Market Data and Key Metrics Changes - Average deposits totaled $38.6 billion, an increase of $740 million, or 7.7% linked quarter annualized, driven by organic growth in customer relationships [17] - The loan-to-deposit ratio improved to 89.7%, a significant improvement from year-end 2024 [18] Company Strategy and Development Direction - The company is focused on diversifying revenue streams, optimizing the balance sheet, and leveraging technology investments to enhance customer experience and drive growth [6][25] - F.N.B. has introduced innovative solutions such as PaymentSwitch to facilitate customer transitions to their banking services, enhancing competitive positioning [7][8] - The company aims to achieve mid-single-digit growth in loans and deposits for 2026, with expectations for net interest income between $1.495 billion and $1.535 billion [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver meaningful loan and deposit growth, margin expansion, and further diversification of fee income in 2026 [25][26] - The company anticipates continued strong performance in its loan portfolio, particularly in commercial and industrial (C&I) lending, supported by a favorable economic environment [13][50] Other Important Information - The company has achieved annual cost savings of $10 million to $20 million since 2019 and expects higher levels of cost savings in 2026 through increased automation [8][9] - F.N.B. has maintained strong asset quality metrics, with total delinquency at 71 basis points and net charge-offs at 19 basis points [10][11] Q&A Session Summary Question: Fee income growth expectations for 2026 - Management highlighted the importance of diversification in fee-based businesses, projecting continued solid growth driven by new initiatives and strong performance in core fee-based businesses [30][31][32] Question: Operating leverage outlook for 2026 - Management discussed expectations for meaningful increases in operating leverage, with expenses growing in low single digits while investing in new initiatives [37][39][40] Question: Loan growth outlook for 2026 - Management indicated that C&I and CRE are expected to lead loan growth, with a strong production quarter despite large payoffs impacting spot balances [47][50][51] Question: Capital management and CET1 ratio - Management noted that the CET1 ratio is at 11.4%, with sufficient capital generation to support high single-digit loan growth while considering buybacks and dividends [56][60][63] Question: M&A strategy - Management emphasized a focus on organic growth and internal capital generation, with M&A being a lower priority unless a compelling opportunity arises [89][90]

Core Viewpoint - F.N.B. Corporation (FNB) reported strong fourth-quarter 2025 operating earnings of 50 cents per share, exceeding expectations and reflecting a 31.6% year-over-year increase, driven by higher net interest income and non-interest income, despite rising non-interest expenses [1][11]. Financial Performance - Operating earnings per share for 2025 reached $1.59, a 14.4% increase year over year, surpassing the consensus estimate of $1.50 [3]. - Net income available to common shareholders was $168.7 million or 47 cents per share, up from $109.9 million or 30 cents per share in the prior-year quarter [2]. - Total revenue for the quarter was $457.8 million, a 22.7% increase from the previous year, exceeding the Zacks Consensus Estimate of $455.8 million [4]. Income Sources - Net interest income (NII) was $365.4 million, up 13.4% year over year, primarily due to growth in earning assets and a lower cost of funds, with net interest margin (NIM) expanding to 3.28% [5]. - Non-interest income surged to $92.3 million, an 81.3% increase year over year, driven by higher service charges and trust services, despite a decline in mortgage banking operations [6]. Expense Management - Non-interest expenses rose to $273.2 million, a 10.1% increase, with adjusted non-interest expenses up 3.4% to $256.5 million [7]. Loan and Deposit Growth - Average total loans and leases were $35.0 billion, a 3.4% increase year over year, while average total deposits reached $38.6 billion, up 4.5% [8]. Credit Quality - Provision for credit losses decreased to $18.9 million from $22.3 million in the prior-year quarter, with net charge-offs also declining to $16.4 million [9]. - The ratio of non-performing loans plus other real estate owned (OREO) to total loans and leases plus OREO decreased to 0.31% [9]. Capital Ratios - As of December 31, 2025, the common equity Tier 1 (CET1) ratio improved to 11.4% from 10.6% in the prior-year quarter, and the tangible common equity to tangible assets ratio increased to 8.9% from 8.2% [12]. Share Repurchase - During the fourth quarter of 2025, F.N.B. Corp repurchased $18 million worth of shares, totaling 1.1 million shares at an average price of $16.20 [13]. Future Outlook - The company is expected to benefit from increased fee income, diverse revenue streams, and strategic expansions, although rising expenses and significant commercial loan exposures present challenges [14].

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