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Sep 30, 2024

FNB Q3 2024 Earnings Report

Reported net income available to common stockholders of $110.1 million and non-GAAP operating earnings per diluted common share of $0.34, excluding significant items.

Key Takeaways

F.N.B. Corporation reported Q3 2024 earnings with a net income available to common stockholders of $110.1 million, or $0.30 per diluted common share. On an operating basis, earnings per diluted common share (non-GAAP) was $0.34, excluding $0.04 per share of significant items impacting earnings. Deposit growth was strong at $1.8 billion, or 5%, linked-quarter.

Operating earnings per diluted common share (non-GAAP) totaled $0.34.

Tangible book value per share (non-GAAP) grew 15% year-over-year.

Sequential annualized revenue growth reached 9% with record non-interest income of $90 million.

Operating return on average tangible common equity (non-GAAP) was 14%.

Total Revenue
$413M
Previous year: $408M
+1.2%
EPS
$0.34
Previous year: $0.4
-15.0%
Efficiency Ratio
55.2%
Previous year: 51.7%
+6.8%
Loan to Deposit Ratio
92%
Cash and Equivalents
$2.08B
Previous year: $1.64B
+26.9%
Free Cash Flow
-$25.1M
Previous year: $283M
-108.9%
Total Assets
$48B
Previous year: $45.5B
+5.5%

FNB

FNB

Forward Guidance

FNB is well-positioned to continue execution of our proven strategies for ongoing success