FNB · F.N.B. Corporation

F.N.B. Corporation delivered strong first quarter 2026 results, with diluted EPS increasing 18.8% year-over-year to $0.38, matching analyst consensus estimates. The performance was driven by solid revenue growth and disciplined expense management, resulting in positive operating leverage of 5%. Net interest income rose 10.9% from the prior year to $359.3 million, supported by growth in average earning assets and a 31 basis point decrease in the total cost of funds. The net interest margin (FTE) expanded 22 basis points year-over-year to 3.25%, reflecting the favorable impact of lower deposit costs amidst a declining rate environment. Non-interest income increased 3.7% year-over-year, led by a 27.8% jump in capital markets income and solid wealth management revenues. Asset quality metrics remained stable, with non-performing loans to total loans at 0.34% and net charge-offs at 0.18% annualized. The company maintained a robust capital position, with an estimated CET1 ratio of 11.4%. Management highlighted the successful execution of capital deployment strategies, including an 8% dividend increase and a new share repurchase authorization totaling $300 million. Tangible book value per share grew 11.4% year-over-year to $12.06, underscoring the firm's ability to generate shareholder value.