F.N.B. Corp ( (FNB) ) has released its Q4 earnings. Here is a breakdown of the information F.N.B. Corp presented to its investors.
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F.N.B. Corporation, a diversified financial services company headquartered in Pittsburgh, operates in commercial banking, consumer banking, and wealth management across seven states and the District of Columbia. The company reported strong financial performance for the fourth quarter and full year of 2024, with notable growth in tangible book value per share and a record tangible common equity ratio. F.N.B. achieved net income available to common stockholders of $109.9 million for the fourth quarter, which represented a significant increase from the same period in the previous year. This growth was driven by a 5.0% increase in loans and a 6.9% rise in deposits, reflecting the company’s robust customer acquisition strategy and geographic expansion. The company also reported a record full-year operating non-interest income of $350 million, emphasizing its diversified business model and extensive product offerings. Despite challenges such as the Federal Open Market Committee’s rate cuts leading to a slight decrease in net interest income, F.N.B. maintained strong asset quality metrics, with a stable loan-to-deposit ratio and a CET1 regulatory capital ratio of 10.6%. Looking ahead, F.N.B. Corporation expects continued robust revenue growth and aims to achieve positive operating leverage in 2025, building on the momentum gained in the previous year.
