F.N.B. Corporation (FNB) SEC Filings & Earnings Calls

Net charge-offs of $11M (0.12% annualized) and provision of $19.6M; NPL/OREO ratio increased 2bps to 0.33%; delinquency up 4bps to 0.75% — credit quality remains satisfactory but shows slight deterioration.

“net charge-offs of $11.0 million, or 0.12% annualized of total average loans; The ratio of non-performing loans and other real estate owned (OREO) to total loans and leases and OREO increased 2 basis points from the prior quarter to 0.33%, and total delinquency increased 4 basis points from the prior quarter to 0.75%”

AOCI reduced tangible book value by $0.53 per share due to higher interest rates impacting AFS securities fair value.

“Accumulated other comprehensive income/loss (AOCI) reduced the tangible book value per common share (non-GAAP) by $0.53 as of September 30, 2026, primarily due to the impact of higher interest rates on the fair value of available-for-sale (AFS) securities” · word for word

Interest rate risk from asset sensitivity

“Our current interest rate risk position is slightly asset sensitive.” · word for word

Commercial real estate concentration

“Our commercial real estate portfolio included $8.2 billion of non-owner-occupied loans of which 17.3% represented office loans.” · word for word

Mortgage servicing rights valuation risk

“The fair value of MSRs is highly sensitive to changes in assumptions and is determined by estimating the present value of the asset’s future cash flows utilizing market-based prepayment rates, discount rates and other assumptions validated through comparison to trade information, industry surveys and the use of independent third-party valuations.” · word for word

Provision for credit losses increased $2.9M linked-quarter to $21.4M, though net charge-offs remained low.

“Provision for credit losses was $21.4 million, an increase of $2.9 million from the prior quarter” · word for word

Asset quality remains solid; NPL ratio increased 3 bps linked-quarter to 0.34%, but still low.

“The ratio of non-performing loans and other real estate owned (OREO) to total loans and leases and OREO increased 3 basis points from the prior quarter to 0.34%” · word for word

Interest rate sensitivity and margin pressure

“The target was set deliberately to reflect the realities of a declining interest rate and uncertain economic and regulatory environment.” · word for word

Credit risk from loan portfolio

“The Board prioritized quality earnings, credit stability, and capital strength” · word for word

Regulatory compliance cost

“while continuing to invest in technology, talent, and compliance—critical drivers of long-term shareholder value.” · word for word

Cybersecurity and AI risk

“Our Board, which includes members with cybersecurity certificates and hands-on experience, provides oversight and governance of management's approach to policies, processes, and practices to address cybersecurity risk.” · word for word

Competitive pressure in financial services

“the competitive financial services industry environment” · word for word

Interest rate risk

“changes in interest rates or interest rate spreads can affect the difference between the interest earned on assets and the interest paid on liabilities, which impacts FNBPA’s overall net interest income and profitability” · word for word

Liquidity risk from uninsured deposits

“The proportion of our deposit account balances that exceed FDIC insurance limits may expose FNBPA to enhanced liquidity risk in times of financial distress.” · word for word

Credit risk

“The ACL also includes factors that may not be directly measured in the determination of individual or collective reserves. Such qualitative factors may include: Lending policies and procedures, changes in underwriting standards, and the effect of other external factors such as the regulatory, legal and technological environments.” · word for word

Loan-to-deposit ratio remains elevated at 89.7%, though improving.

“loan-to-deposit ratio was 89.7% at December 31, 2025” · word for word

Net charge-offs annualized 0.19% of total average loans, manageable but present.

“net charge-offs of $16.4 million, or 0.19% annualized of total average loans” · word for word

Credit risk from commercial loans

“the credit risk associated with the substantial amount of commercial loans and leases in our loan portfolio” · word for word

Interest rate sensitivity

“changes in market interest rates... the impact of changes in interest rates on the value of our investment securities portfolios”

Regulatory compliance cost

“the extensive federal and state regulations, supervision and examination governing almost every aspect of our operations, and potential expenses associated with complying with such regulations” · word for word