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PITTSBURGH - F.N.B. Corporation (NYSE:FNB) shares gained 3.9% in after-hours trading Thursday after the regional bank reported second quarter earnings that exceeded analyst expectations, driven by record revenue and expanding profit margins.
The Pittsburgh-based financial institution posted earnings of $0.36 per diluted share for the second quarter of 2025, surpassing the analyst consensus of $0.34. Revenue reached a record $438.2 million, beating estimates of $425.4 million and representing a 6.5% increase from the previous quarter.
Net interest income grew to $347.2 million, up 9.9% YoY, as the bank’s net interest margin expanded to 3.19%, an increase of 10 basis points from the same period last year. The improvement came despite lower Federal Reserve rates, as F.N.B. successfully managed its funding costs.
"F.N.B. Corporation reported strong second quarter results, generating earnings per diluted common share of $0.36 with record revenue of $438 million," said Chairman, President and CEO Vincent J. Delie, Jr. "Our sustained levels of profitability further strengthened capital to all-time highs."
Average loans grew 3.7% YoY to $34.5 billion, with consumer loans increasing $889 million and commercial loans rising $357.8 million. Average deposits climbed 7.3% to $37.1 billion compared to the year-ago quarter.
Asset quality metrics remained solid with non-performing loans at 0.34% of total loans. The bank’s Common Equity Tier 1 ratio strengthened to an estimated 10.8%, compared to 10.2% a year earlier.
The bank’s tangible book value per share increased 12.8% YoY to $11.14, while maintaining a 14% return on tangible common equity.
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