The financial results of F.N.B. Corporation for the first quarter of 2025 have been released, and the company is reporting a record CET1 ratio of 10.7% and a strong tangible book value per share. The company’s non-GAAP earnings per diluted common share (non-GAAP) grew by 12.3% to $0.32, driven by a significant increase in tangible book value per share. Additionally, the company’s non-GAAP net interest income grew by 1.5% to $323.8 million.
Key Highlights of the First Quarter 2025 Results
* **Record CET1 Regulatory Capital Ratio at 10.7%**: F.N.B. Corporation achieved a record CET1 regulatory capital ratio of 10.7% at the end of the first quarter of 2025, exceeding regulatory requirements. * **Tangible Book Value per Share Growth of 12.3%**: The company’s tangible book value per share (non-GAAP) increased by 12.3% to $10.83, driven by strong growth in book value. * **Net Interest Income Growth of 1.5%**: Non-GAAP net interest income grew by 1.5% to $323.8 million, reflecting the company’s ability to maintain its market position and expand its lending activities.
Operational Performance Metrics
* **Loan and Deposit Growth**: The company’s total loans and leases increased by 5.1% to $34.1 billion, while total deposits grew by 7.2% to $37.0 billion. * **Net Interest Margin**: The non-GAAP net interest margin remained stable at 3.03%, reflecting the company’s ability to maintain its pricing power and control costs. * **Asset Quality**: The ratio of non-performing loans and other real estate owned (OREO) to total loans and OREO remained stable at 0.48%, and total delinquency decreased 8 basis points to 0.75%.
Financial Highlights
* **Revenue Growth**: The company’s revenue grew by 2.6% to $923.8 million, driven by strong growth in interest-bearing deposits and loan growth. * **Non-Interest Income**: Non-interest income increased by 72.4% to $87.8 million, driven by strong growth in wealth management fees and insurance commissions. * **Non-Interest Expense**: Non-interest expense decreased by 0.6% to $246.8 million, driven by lower outside services and bank shares and franchise tax expenses.
Conference Call and Webcast Details
* **Conference Call**: F.N.B. Corporation will host a conference call on Thursday, April 17, 2025, at 8:30 AM ET to discuss the company’s financial results. * **Webcast**: The audio-only call and related presentation materials will be available on the company’s website at www.fnbcorporation.com.
About F.N.B. Corporation
* **Headquartered in Pittsburgh, Pennsylvania**: F.N.B. Corporation is a diversified financial services company operating in seven states and the District of Columbia. * **Full Range of Banking Services**: The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network. * **Market Coverage**: F.N.B. Corporation’s market coverage spans several major metropolitan areas, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham, and the Piedmont Triad (Winston-Salem, Greensboro, and High Point) in North Carolina; and Charleston, South Carolina.
| Quarter | Net Income Available to Common Shareholders | Net Interest Income | Tangible Book Value per Share |
|---|---|---|---|
| First Quarter 2025 | $116.5 million | $323.8 million | $10.83 |
| Fourth Quarter 2024 | $109.9 million | $322.2 million | $9.64 |
| First Quarter 2024 | $116.3 million | $322.2 million | $9.33 |
The financial results of F.N.B. Corporation for the first quarter of 2025 demonstrate the company’s ability to maintain its market position and expand its lending activities. The company’s record CET1 ratio and strong tangible book value per share position it well for long-term growth and profitability. The company’s operational performance metrics, such as loan and deposit growth, net interest margin, and asset quality, also demonstrate its ability to maintain its market position and expand its lending activities. The financial highlights, such as revenue growth, non-interest income, and non-interest expense, also demonstrate the company’s ability to maintain its pricing power and control costs. Overall, the financial results of F.N.B.
Use of Non-GAAP Financial Measures
The company uses non-GAAP financial measures, such as operating net income available to common shareholders, operating earnings per diluted common share, return on average tangible equity, and return on average tangible common equity, to supplement its reported financial results. These measures are used to provide information useful to investors in understanding the company’s operating performance and trends, and to facilitate comparisons with the performance of its peers. The company believes that these measures provide a more comprehensive view of its operating performance and trends, and help investors to better understand its financial position and results. The non-GAAP financial measures and key performance indicators used by the company may differ from those used by other financial institutions, and investors should not treat these measures as a substitute for the company’s reported results.
Cautionary Statement Regarding Forward-Looking Information
The company’s forward-looking statements are subject to risks and uncertainties, including changes in interest rates, economic conditions, and regulatory requirements. The company’s forward-looking statements should be viewed as speaking only as of the date they are made and based only on information then actually known to the company. The company does not undertake, and specifically disclaims any obligation to update or revise any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law. Corporation
F.N.B. The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network. The company has total assets of $49 billion and approximately 350 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. F.N.B. Corporation’s common stock trades on the New York Stock Exchange under the symbol “FNB” and is included in Standard & Poor’s MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders, and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com. The company’s financial results for the first quarter of 2025 demonstrate its ability to maintain its market position and expand its lending activities. The company’s use of non-GAAP financial measures, such as operating net income available to common shareholders, operating earnings per diluted common share, return on average tangible equity, and return on average tangible common equity, provides a more comprehensive view of its operating performance and trends. The company’s forward-looking statements are subject to risks and uncertainties, including changes in interest rates, economic conditions, and regulatory requirements.
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