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Mar 31

FNB Q1 2025 Earnings Report

FNB reported stable results with net income of $116.5M and maintained strong capital metrics.

Key Takeaways

F.N.B. Corporation delivered consistent Q1 2025 performance with stable EPS, modest revenue growth, and a record CET1 capital ratio. Tangible book value per share grew significantly, and asset quality remained strong with low charge-offs and delinquency.

Net income was $116.5 million, flat year-over-year.

EPS held steady at $0.32, with adjusted EPS also at $0.32.

CET1 capital ratio reached a record 10.7%, showing balance sheet strength.

Tangible book value per share rose 12.3% to $10.83.

Total Revenue
$412M
Previous year: $407M
+1.2%
EPS
$0.32
Previous year: $0.34
-5.9%
Efficiency Ratio
58.5%
Net Interest Margin
3.03%
Previous year: 3.18%
-4.7%
Loan to Deposit Ratio
92%
Previous year: 94%
-2.1%
Cash and Equivalents
$2.45B
Previous year: $1.49B
+64.4%
Total Assets
$49B
Previous year: $45.9B
+6.8%

FNB

FNB

FNB Revenue by Segment

Forward Guidance

FNB remains well-positioned for a range of economic outcomes, backed by strong capital, diversified deposits, and conservative credit risk practices.

Positive Outlook

  • Record CET1 capital ratio at 10.7%
  • Strong tangible book value growth
  • Steady EPS with no significant one-time impacts
  • Resilient asset quality with low charge-offs
  • Loan and deposit growth in a seasonally weak quarter

Challenges Ahead

  • Flat year-over-year EPS and net income
  • Net interest margin declined versus last year
  • Service charges slightly down quarter-over-quarter
  • Higher cost pressures in employee compensation and services
  • Non-interest income largely flat year-over-year