F.n.b. Corporation · NYSE:FNB
F.n.b — Q1 2025 Earnings Presentation
31 slides from F.n.b's earnings presentation, Apr 17, 2025
Slide 1: F.N.B. Corporation Earnings Presentation First Quarter 2025
F.N.B. Corporation Earnings Presentation First Quarter 2025 April 17, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate to historical facts and that are based on current assumpt
Slide 3: Use of Non-GAAP Financial Measures and Key Performance Indicators
Use of Non-GAAP Financial Measures and Key Performance Indicators To supplement our Consolidated Financial Statements presented in accordance with GAAP, we use certain non-GAAP financial measures, such as operating net income available to common shareholders, operating earnings per diluted common sh
Slide 4: Financial Highlights
Financial Highlights First Quarter 2025 Highlights ❖ Net income available to common shareholders of $116.5 million, or $0.32 per diluted common share. ❖ Total deposits (period-end) increased $131.7 million, or 1.4% annualized, linked-quarter, with the mix of non-interest-bearing deposits to total de
Slide 5: Strong Financial Performance
Strong Financial Performance Solid Profitability Metrics 12.6% 1.06% 58.5% 3.03% Quarter Ended March 31, 2025 ROATCE(1) ROATA(1) Efficiency Ratio(1)(2) Net Interest Margin(1)(2) Significant Capital, 8.4% 10.7% 1.25% 91.9% Reserves & Liquidity Loan-to-Deposit as of March 31, 2025 TCE/TA(1) CET1(4) AC
Slide 6: First Quarter Financial Highlights
First Quarter Financial Highlights 1Q25 4Q24 1Q24 Net income available to common shareholders (millions) $116.5 $109.9 $116.3 Reported Earnings per diluted common share $0.32 $0.30 $0.32 Results Book value per common share $17.86 $17.52 $16.71 Operating net income available to common shareholders (m
Slide 7: Asset Quality
Asset Quality $ in millions, unless otherwise stated 1Q25 4Q24 1Q24 1Q25 Highlights o Credit quality remains at solid levels Delinquency 0.75% 0.83% 0.64% across all portfolios. o Provision for credit losses NPLs+OREO/Total loans and leases + OREO 0.48% 0.48% 0.33% decreased $4.8 million from the pr
Slide 8: Asset Quality Ratios
Asset Quality Ratios Asset quality metrics remain at solid levels and FNB will continue to manage risk proactively as part of our core credit philosophy. NCO’s (Annualized) to Average Loans NPL’s and OREO to Loans and OREO 0.25% 0.24% 0.48% 0.48% 0.33% 0.33% 0.39% 0.16% 0.15% 0.09% 1Q24 2Q24 3Q24 4Q
Slide 9: Loan Portfolio Mix
Loan Portfolio Mix Highly diversified, commercial-focused loan portfolio. Loan Portfolio (as of March 31, 2025) Owner-Occupied C&I 11% 20% Other 2% Equip Finance/Commercial Leasing Group Non-Owner CRE 4% 26% Indirect 2% HELOC 4% Home Equity 7% Residential Mortgage 24% Total Loan Portfolio: $34.2 bil
Slide 10: Non-Owner Occupied CRE Portfolio
Non-Owner Occupied CRE Portfolio Non-Owner Occupied CRE Portfolio(1) CRE - Office Loan Statistics Retail as of March 31, 2025 20.5% ❖ Long history of working with well-established sponsors with a Office focus on strong global cash flows. Other 5.7% 18.4% ❖ The top 25 loans average $22 million in exp
Slide 11: Non-Owner Occupied CRE Portfolio (1)
Non-Owner Occupied CRE Portfolio(1) NOO-CRE Loans1 to Capital NOO-CRE Loan Statistics as of March 31, 2025 275% ❖ Strong diversification across property types and geographies. 250% ❖ No outsized risk to any one property. 225% o Average loan size is $1 million. 200% o One funded loan over $50 million
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Average, $ in millions 1Q25 4Q24 1Q24 QoQ ∆(1) YoY ∆ 1Q25 Highlights Securities $7,448 $7,315 $7,163 1.8% 4.0% o Total securities duration decreased to 3.8 years with AFS comprising ~46% of the portfolio. Total Loans 34,051 33,830 32,381 0.7% 5.2% o Organic linked-quarter to
Slide 13: Deposit Composition
Deposit Composition FNB Maintains a Favorable Deposit Mix while Continuing to Grow Deposits. Total Period-End Deposits(1) (2009 – 1Q25) $37.2 $37.1 ($ amount in billions) 2009 1Q25 Δ $34.8 $34.7 NIB Deposits 16% 26% +10% $31.7 26% 26% $29.1 Time Deposits 35% 20% -15% 29% 34% $24.8 34% $23.5 $22.4 31
Slide 14: Revenue Highlights
Revenue Highlights $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Total interest income $559,437 $568,693 $543,497 (1.6%) 2.9% o Net interest income increased $1.6 million from the prior quarter primarily due to lower cost of Total interest expense 235,592 246,
Slide 15: Balance Sheet Repricing
Balance Sheet Repricing Cumulative Total Deposit Betas(1) Commentary 39.8% 45.0% 38.1% 36.5% 40.0% 34.3% ❖ ~47% of loans reprice within 3 months. 35.0% 31.0% 30.0% 26.6% 28.0% ❖ ~$1.1 billion annual cash Other flow from the investment 25.0% 21.8% portfolio with a roll-off rate of ~3.22%. 20.0% 16.6%
Slide 16: Non-Interest Income
Non-Interest Income $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Service charges $22,355 $23,071 $20,569 (3.1%) 8.7% o Record Wealth Management revenues totaled $21.2 million, Interchange and card transaction fees 12,370 12,912 12,700 (4.2%) (2.6%) reflecting
Slide 17: Strategic Objective to Drive Diversified Fee Income Growth
Strategic Objective to Drive Diversified Fee Income Growth ❖ Priority to continuously make strategic investments to develop and expand new high-value business units that complement our existing products and services. ❖ FNB has established or significantly expanded 8 business lines that are now multi
Slide 18: Non-Interest Expense
Non-Interest Expense $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Salaries and employee benefits(1) $135,135 $127,992 $129,120 5.6% 4.7% o Salaries and employee benefits increased linked-quarter primarily due to normal seasonal long-term Occupancy and equipme
Slide 19: Strong Capital Position
Strong Capital Position FNB’s capital levels reached all-time highs, providing ample flexibility to grow the balance sheet and optimize shareholder returns while appropriately managing risk. TCE Ratio(1) CET1 Ratio (5) 8.4% 10.7% 10.6% 8.2% 7.8% 10.0% 9.8% 9.9% 9.8% 7.6% 7.4% 7.2% 7.2% 9.4% 2019 202
Slide 20: 2025 Financial Objectives
2025 Financial Objectives 2Q25 Guidance FY 2025 Guidance Commentary Loan growth driven by increasing market share and our diverse Spot Loans Mid-single digit growth geographic footprint. Balance Sheet(1) Deposit growth driven by deepening customer relationships and Spot Deposits Mid-single digit gro
Slide 21: 2025 Peer Group Listing
2025 Peer Group Listing Ticker Institution Ticker Institution ASB Associated Banc-Corp. RF Regions Financial Corp. BKU BankUnited, Inc. SFNC Simmons First National Corp. BOKF BOK Financial Corp. SNV Synovus Financial Corp. CBSH Commerce Bancshares, Inc. SSB SouthState Corp. CFR Cullen/Frost Bankers,
Slide 22: Non-GAAP to GAAP Reconciliation
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Slide 23: Non-GAAP to GAAP Reconciliation
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Slide 24: Non-GAAP to GAAP Reconciliation
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Slide 25: Non-GAAP to GAAP Reconciliation
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Slide 26: Non-GAAP to GAAP Reconciliation
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Slide 27: Non-GAAP to GAAP Reconciliation
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Slide 28: Non-GAAP to GAAP Reconciliation
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Slide 29: Non-GAAP to GAAP Reconciliation
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Slide 30: Non-GAAP to GAAP Reconciliation
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Slide 31: Non-GAAP to GAAP Reconciliation
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