F.N.B. (NYSE:FNB) reported stronger second-quarter 2026 earnings, record revenue and continued balance sheet growth, while management lowered its full-year net interest income outlook, citing deposit competition and the impact of changes in short-term rates.
Chairman, President and CEO Vince Delie said earnings per share rose 17% from a year earlier to $0.42, with net income of $149 million
Total revenue reached a record $463 million, including net interest income of $366 million and non-interest income of $97 million. Delie said the results helped drive a 9% year-over-year increase in pre-provision net revenue and positive operating leverage. The company also reported tangible book value per common share of $12.24, up 10% from a year earlier.
F.N.B. repurchased $47 million, or 2.7 million shares, during the quarter at a weighted average price of $17.46. Management said capital remained strong, with a tangible common equity ratio near 9% and return on average tangible common equity of 14%. Loan Growth Led by C&I, Consumer Lending Period-end loans rose at a 7.5% annualized rate from the prior quarter, with Delie pointing to growth in commercial and industrial lending, consumer lending and seasonal residential mortgage production.