FNB (FNB) Q3 2025 Earnings Call Transcript

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Mon, January 19, 2026 astatine 8:43 AM CST 46 min read

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Friday, October 17, 2025 astatine 8:30 a.m. ET

• Chairman, President, and Chief Executive Officer — Vincent J. Delie

• Chief Financial Officer — Vincent J. Calabrese

• Chief Credit Officer — Gary L. Guerrieri

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Vincent J. Delie: Thank you, and invited to our 3rd 4th net call. Joining maine contiguous are Vince Calabrese, our Chief Financial Officer; and Gary Guerrieri, our Chief Credit Officer. F.N.B.'s 3rd 4th net per stock grew 14% linked 4th to a grounds $0.41, and reported nett income disposable to communal shareholders accrued to $150 million. Operating pre-provision nett gross accrued 18% from the twelvemonth agone quarter, contributing to affirmative operating leverage and a peer-leading ratio ratio astatine 52%. F.N.B. produced different 4th of grounds gross totaling $457 cardinal with beardown contributions from fee-based businesses, astir notably successful superior markets and owe banking, driving full noninterest income to a grounds $98.2 million.

F.N.B.'s superior presumption has reached grounds levels with tangible communal equity astatine 8.7% and CET1 astatine 11%. Our increasing superior basal provided our institution with flexibility to instrumentality $162 cardinal to shareholders year-to-date done our progressive stock repurchase programme and quarterly dividends. The company's profitable 4th resulted successful a instrumentality connected mean tangible communal equity of 15% and tangible publication worth per stock maturation of 11% to $11.48. Period-end loans accrued 3% connected an annualized linked 4th basis, with maturation led by instrumentality finance, user lending and seasonal residential owe production. Commercial and concern loans grew 2% annualized linked quarter, impacted by little enactment utilization and higher-than-normal attrition driven by outsized lawsuit M&A activity.

Equipment concern had a beardown 4th with 21% annualized indebtedness growth, reflecting enactment crossed our footprint, apt driven by fiscal policy. We proceed to support our strict recognition subject with a superior absorption connected accepted C&I lending. We are not successful the concern of lending to backstage superior providers, peculiarly entities that prosecute successful nonstop user and tiny concern lending. As we've indicated connected anterior calls, 2 areas of absorption that presumption F.N.B. for aboriginal maturation are continuing to turn low-cost deposits and reducing our CRE concentration. This quarter, we made bully advancement connected some fronts with the loan-to-deposit ratio ending the 4th astatine 90.9% and our CRE attraction improving to 214%.