F.N.B. reports Q1 net interest margin 3.25% vs. 3.28% in Q4

Net interest margin equaled 3.25%, a decrease of 3 basis points from the fourth quarter of 2025, reflecting an 8 basis point decline in the total cost of funds offset by an 11 basis point decline in the total yield on earning assets which were impacted by the Federal Open Market Committee lowering the target federal funds rate in December 2025. Provision for credit losses was $18.5 million, a decrease of $0.4 million from the prior quarter, with net charge-offs of $15.9 million, or 0.18% annualized of total average loans, compared to $16.4 million, or 0.19% annualized, in the prior quarter.