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Jun 30, 2021

FNB Q2 2021 Earnings Report

F.N.B. Corporation reported solid fundamental performance resulting in record operating net income and increased total revenue due to accelerated customer activity.

Key Takeaways

F.N.B. Corporation reported a strong second quarter in 2021, with record operating net income available to common stockholders of $101.5 million, or $0.31 per share. Total revenue increased to $308 million, driven by accelerated customer activity and strong loan growth. The company benefited from strengthening economic conditions and continued expense discipline.

Operating net income available to common stockholders increased by 22.0% to a record $101.5 million.

Total revenue increased by 0.7% to $308 million.

Net interest income remained stable at $227.9 million.

Non-interest income increased by 2.8% to $79.8 million, driven by record wealth management revenue.

Total Revenue
$308M
Previous year: $306M
+0.7%
EPS
$0.31
Previous year: $0.26
+19.2%
Efficiency Ratio
56.8%
Previous year: 53.7%
+5.8%
Net Interest Margin
2.7%
Cash and Equivalents
$2.94B
Previous year: $931M
+216.2%
Free Cash Flow
$61M
Previous year: $35M
+74.3%
Total Assets
$38.4B
Previous year: $37.7B
+1.8%

FNB

FNB

FNB Revenue by Segment

Forward Guidance

As we head into the second half of 2021, we are extremely well-positioned to benefit from increased customer activity and are excited about the significant long-term growth opportunities.