•
Jun 30, 2023

FNB Q2 2023 Earnings Report

Reported earnings with increased net interest income and maintained a strong capital position.

Key Takeaways

F.N.B. Corporation reported a solid performance for the second quarter of 2023, with earnings per diluted common share growing 30% compared to the prior year. The company's liquidity metrics remain favorable, and the capital position is strong, with CET1 at the targeted operating level of 10%.

Earnings per diluted common share grew 30% compared to the prior year.

Liquidity metrics continue to be favorable.

Capital position remains strong with CET1 at the targeted operating level of 10%.

Efficiency ratio (non-GAAP) equaled 50%.

Total Revenue
$410M
Previous year: $336M
+21.9%
EPS
$0.39
Previous year: $0.31
+25.8%
Efficiency Ratio
50%
Previous year: 55.2%
-9.4%
Net Interest Margin
3.37%
Cash and Equivalents
$1.7B
Previous year: $2.03B
-16.0%
Free Cash Flow
$103M
Previous year: $311M
-66.9%
Total Assets
$44.8B
Previous year: $41.7B
+7.4%

FNB

FNB

Forward Guidance

FNB is positioned to drive continued shareholder value in the second half of the year.