F.N.B. Corporation Reports Third Quarter 2026 Earnings

F.N.B. Corporation posts record net interest income and 13% YTD EPS growth in Q3 2026.

What the company is saying

F.N.B. Corporation reports third quarter 2026 net income of $152.9 million, or $0.43 per diluted common share, emphasizing record net interest income and a 13% year-to-date EPS increase to $1.23. The company highlights 8.5% annualized loan growth and 8.9% annualized deposit growth, framing these as aligned with its long-term organic growth strategy. Chairman, President, and CEO Vince Delie attributes the strong quarter to technology investments, disciplined underwriting, and a focus on growing fee-based businesses. The narrative stresses stable credit quality, a 7% year-over-year increase in tangible book value per share to $12.28, and continued capital returns through $51 million in Q3 share repurchases. The tone is confident, with management presenting the results as evidence of a resilient and growing franchise. The company also notes that accumulated other comprehensive income reduced tangible book value per share by $0.53 due to higher interest rates impacting available-for-sale securities.

What the data suggests

The disclosed figures show F.N.B. Corporation's net income rose to $152.9 million in Q3 2026 from $149.5 million in Q3 2025 and $148.7 million in Q2 2026, with EPS increasing to $0.43 from $0.41 and $0.42, respectively. Year-to-date EPS reached $1.23, up 13% over the prior year. Average loans and leases grew to $36.1 billion, up $1.3 billion or 3.7% year-over-year, with consumer loans up $1.2 billion and commercial loans and leases up $115.4 million. Average deposits increased to $38.8 billion, a $914.1 million or 2.4% rise, with gains in all categories except time deposits, which declined by $334.8 million. Net interest income hit $376.5 million, up $10.8 million or 3.0% from the prior quarter, and net interest margin improved to 3.29%. The loan-to-deposit ratio was 92.4%, and the CET1 capital ratio was 11.3%. Provision for credit losses fell to $19.6 million, with net charge-offs at $11.0 million, or 0.12% annualized. Tangible book value per share increased to $12.28, up $0.80 or 7% year-over-year, though AOCI reduced this by $0.53. The company repurchased $51 million in shares during the quarter and $133 million year-to-date. Non-interest income declined by $5.6 million, while non-interest expense rose by $13.4 million. The data supports management's claims of improved profitability, balance sheet growth, and capital return, with no material gaps between narrative and evidence.

Analysis

The announcement is a standard quarterly financial results release, with all key claims supported by realised, audited figures for the third quarter of 2026. The data includes net income, EPS, loan and deposit growth, capital ratios, and share repurchase activity, all of which are current and measurable. There is no reliance on forward-looking projections or aspirational statements, with the only minor forward-looking language being a generic reference to 'create sustainable value for the future,' which is not paired with any specific, unsubstantiated claims. The capital outlays disclosed (share repurchases) are already completed and quantified, with no indication of large, uncertain future investments. The tone is positive but fully proportionate to the reported results, and there is no evidence of narrative inflation or overstatement.

Risk flags

• ●Credit quality remains satisfactory, but the ratio of non-performing loans and OREO to total loans and OREO increased 2 basis points to 0.33% quarter-over-quarter, and total delinquency rose 4 basis points to 0.75%. Continued increases could pressure future earnings.
• ●Non-interest income declined by $5.6 million, or 5.7%, in the quarter, reflecting vulnerability to volatility in fee-based businesses such as mortgage banking and capital markets. Sustained weakness here could offset gains in net interest income.
• ●Accumulated other comprehensive income reduced tangible book value per share by $0.53, primarily due to higher interest rates impacting the fair value of available-for-sale securities. Further rate increases could continue to pressure book value.
• ●Non-interest expense increased by $13.4 million, or 5.5%, driven by technology investments and higher outside services costs. If expense growth outpaces revenue gains, margin improvement could stall.
• ●Loan and deposit growth remain strong, but any slowdown in these core drivers would impact both net interest income and overall profitability.

Bottom line

F.N.B. Corporation delivered a strong third quarter, with net income of $152.9 million, EPS of $0.43, and a 13% year-to-date EPS increase, all supported by record net interest income and robust loan and deposit growth. The company is executing on its strategy of technology investment and capital return, as shown by $51 million in Q3 share repurchases and a 7% rise in tangible book value per share. While credit quality and capital ratios remain solid, rising non-performing loans and declining non-interest income are watchpoints. The impact of higher interest rates on book value and the sustainability of expense control will be key for future quarters. The results are credible, with all major claims substantiated by detailed financial disclosures. Investors should focus on whether F.N.B. can maintain loan and deposit momentum, stabilize fee income, and manage credit risk in a changing rate environment. The most important takeaway is that F.N.B. is currently delivering profitable growth with strong capital and risk metrics, but must continue to navigate sector headwinds to sustain this trajectory.

Announcement summary

(NYSE:FNB) F.N.B. Corporation reported third quarter 2026 net income of $152.9 million, or $0.43 per diluted common share. Third quarter 2025 net income was $149.5 million, or $0.41 per diluted common share, and second quarter 2026 net income was $148.7 million, or $0.42 per diluted common share. Year-to-date earnings per diluted common share reached $1.23, a 13% increase over the same period in 2025. Average loans and leases for the third quarter 2026 totaled $36.1 billion, up $1.3 billion or 3.7% year-over-year, with $1.2 billion growth in average consumer loans and $115.4 million in average commercial loans and leases. On a linked-quarter basis, period-end total loans and leases increased $768.0 million, or 8.5% annualized, with consumer loans up $435.3 million and commercial loans and leases up $332.7 million. Average deposits were $38.8 billion, an increase of $914.1 million or 2.4%, with growth in average interest-bearing demand deposits of $640.6 million, average money market deposits of $443.8 million, average non-interest-bearing demand deposits of $134.0 million, and average savings deposits of $30.6 million, offsetting a decline in average time deposits of $334.8 million. Period-end total deposits increased $870.6 million, or 8.9% annualized, with money market deposits up $710.9 million, interest-bearing demand deposits up $239.0 million, and non-interest-bearing demand deposits up $77.5 million, offsetting a decline in time deposits of $121.4 million. The loan-to-deposit ratio was 92.4% at September 30, 2026, compared to 92.5% at June 30, 2026, and 90.9% at September 30, 2025. Net interest income for the quarter was $376.5 million, a linked-quarter increase of $10.8 million or 3.0%. Net interest margin (FTE) (non-GAAP) was 3.29%, up 4 basis points from the prior quarter. Pre-provision net revenue (non-GAAP) totaled $212.2 million. Provision for credit losses was $19.6 million, a decrease of $1.7 million from the prior quarter, with net charge-offs of $11.0 million, or 0.12% annualized of total average loans. The ratio of non-performing loans and OREO to total loans and OREO increased 2 basis points from the prior quarter to 0.33%, and total delinquency increased 4 basis points to 0.75%. The allowance for credit losses to total loans and leases ratio remained stable at 1.25%. The Common Equity Tier 1 (CET1) regulatory capital ratio was 11.3% (estimated) at September 30, 2026. The tangible common equity to tangible assets ratio (non-GAAP) was 8.7%. Tangible book value per common share (non-GAAP) was $12.28, up $0.80 or 7.0% from September 30, 2025, and up $0.04 or 0.3% from June 30, 2026. Accumulated other comprehensive income/loss (AOCI) reduced tangible book value per common share (non-GAAP) by $0.53 as of September 30, 2026. During the third quarter of 2026, the company repurchased $51 million, or 2.7 million shares, of common stock at a weighted average share price of $18.69. Year-to-date, the company repurchased $133 million, or 7.4 million shares, at a weighted average share price of $17.90, representing 2.1% of shares outstanding at the beginning of the year. Non-interest income for the quarter was $92.6 million, a decrease of $5.6 million or 5.7%. Non-interest expense was $256.9 million, up $13.4 million or 5.5%. The effective tax rate was 20.6%.

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