# FNB earnings call intelligence LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/FNB) · [Earnings tab](https://www.lopjlb.com/stock/FNB?tab=earnings) Updated: 2026-10-19T02:08:52 Quarters analyzed: 8 ## Cross-quarter narrative Across 8 calls for FNB, management tone moved from +0.70 (2024 Q3) to +0.30 (2026 Q2). Latest guidance stance: lowered. Latest desk line: FNB Q2 EPS +17% YoY to $0.42, record revenue $463M; loans +7.5% annualized, deposits +3% annualized, NIM flat 3.25%; NII guidance lowered on deposit competition and SOFR decline; Insight 360 AI tool on track for year-end launch; aggressive buybacks continue. ## Latest CallCard · Q2 FNB Q2 EPS +17% YoY to $0.42, record revenue $463M; loans +7.5% annualized, deposits +3% annualized, NIM flat 3.25%; NII guidance lowered on deposit competition and SOFR decline; Insight 360 AI tool on track for year-end launch; aggressive buybacks continue. **Guidance:** lowered — Full-year net interest income guidance lowered to $1.485B-$1.515B from prior range due to deposit competition and SOFR decline; loan/deposit growth guidance maintained at mid-single digits; non-interest expense range tightened; provision guidance lowered. **Tone:** mgmt 0.3 · Q&A pressure 0.4 · divergence -0.1 Management highlighted record revenue, loan growth, deposit stability, and AI investments, but acknowledged NIM pressure from SOFR decline and deposit competition, revising NII guidance lower. ### Demand visibility Loan pipelines at record highs with broad-based commercial momentum; deposit pipelines strong with seasonal public funds inflows expected. Total loan pipeline at record levels, up nearly 10% QoQ; CRE production ramping in desired asset classes; C&I growth driven by high-quality borrowers; residential mortgage seasonal peak in Q2; treasury management deposit pipeline over $1B; public funds deposits typically surge $500M in H2. ### Margins / costs NIM stable at 3.25% with deposit costs declining 3bps QoQ; loan yields pressured by SOFR decline; exit margin 3.27% suggests slight improvement. Net interest margin 3.25% flat QoQ; loan yields down 4bps linked quarter due to lower 1-month SOFR on adjustable loans and tighter spreads; investment securities yields up 7bps; interest-bearing deposit costs down 4bps; total cost of funds down 2bps to 1.99%; June exit margin 3.27%; management expects gradual NIM drift higher. ### Capital allocation Aggressive share repurchases ($47M in Q2, $80M H1) and dividend increase reflect strong capital generation; $250M buyback authorization remains; TCE ~9%, CET1 11.4%. Repurchased 2.7M shares at $17.46 avg; H1 buybacks up 300% YoY; quarterly dividend increased; capital ratios strong with TCE near 9% and CET1 11.4%; ROATCE 14%; management intends to manage capital denominator via buybacks and invest in high-return businesses. ### Milestones - **Insight 360 AI tool** [on_track]: AI-enabled customer aggregation and insight tool expected to go live by end of 2026. - **Common App and eStore** [delivered]: Proprietary digital platforms leveraged for data analytics and customer insights. - **Wingspan mortgage bundling** [on_track]: Bundling of mortgage services with low-cost DDA accounts to drive primacy. - **De novo branch expansion** [on_track]: Five-year branch expansion program with lumpy timing. - **Capital markets expansion (investment banking, public finance)** [on_track]: Early contributions from newer businesses noted in capital markets income. - **Wealth management digital tools** [delivered]: New tools for financial planning visuals and portfolio analysis driving record brokerage fee income. - **Data hub and machine learning investments** [on_track]: Significant investments in data hub and ML for deposit pricing and customer insights. - **AI and data analytics integration** [on_track]: Disciplined approach to implementing AI through resource reallocation and efficiency analysis. ### Fears / risks - **Deposit competition**: Continued heightened deposit competition within the industry pressuring NII guidance and deposit costs. - **SOFR volatility** ## Quarter one-liners - **2026 Q2:** FNB Q2 EPS +17% YoY to $0.42, record revenue $463M; loans +7.5% annualized, deposits +3% annualized, NIM flat 3.25%; NII guidance lowered on deposit competition and SOFR decline; Insight 360 AI tool on track for year-end launch; aggressive buybacks continue. - **2026 Q1:** FNB Q1 2026: Solid earnings with EPS +19% YoY, loan growth accelerating, dividend hike +8%, $250M buyback added; guidance maintained but assumes no Fed cuts, expense guide raised for tech/AI investments. - **2025 Q4:** FNB posted record revenue and earnings, strong credit metrics and a solid balance sheet, and reaffirmed mid‑single‑digit loan‑to‑deposit growth for 2026 while highlighting digital initiatives and fee‑income upside. - **2025 Q3:** F.N.B. posted record revenue and earnings, raised net interest income guidance, highlighted strong deposit growth and AI initiatives while noting economic uncertainty and a focus on expense efficiency. - **2025 Q2:** F.N.B. posted record revenue and margin expansion in Q2 2025, reinforced capital strength, and highlighted digital/AI initiatives while raising NII guidance amid economic uncertainty. - **2025 Q1:** F.N.B. posted solid Q1 2025 earnings with net income $116.5M, modest loan and deposit growth and record capital ratios, while flagging tariff and macro uncertainty and keeping full‑year guidance unchanged. - **2024 Q4:** FNB Q4 2024: operating EPS $0.38, full-year $1.39; loan growth 5%, deposit growth 6.9%; record CET1 10.6%, TBV up 11%; non-interest income record $350M; 2025 guidance: mid-single-digit loan/deposit growth, NII $1.345-1.385B, positive operating leverage H2. - **2024 Q3:** FNB posted Q3 2024 net income of $122M, drove strong deposit growth and improved loan‑to‑deposit ratio, highlighted a $431M indirect auto loan sale and maintained Q4 guidance amid rate‑cut and election uncertainty. ## Theme arcs - **Management tone** (deteriorating): Δ mgmt=-0.40 ## Fear persistence - **deposit rate pressure** [recurring]: 2024 Q3, 2025 Q1 - **interest‑rate environment** [resolved]: 2024 Q3 - **election uncertainty** [resolved]: 2024 Q3 - **credit risk** [recurring]: 2024 Q3, 2025 Q2 - **expense growth** [resolved]: 2024 Q3 - **competitive deposit pricing** [resolved]: 2024 Q3 - **loan growth sustainability** [resolved]: 2024 Q3 - **regulatory capital constraints** [resolved]: 2024 Q3 - **interest rate uncertainty** [resolved]: 2024 Q4 - **deposit cost competition** [resolved]: 2024 Q4 ## Guidance path 2024 Q3:maintained → 2024 Q4:maintained → 2025 Q1:maintained → 2025 Q2:raised → 2025 Q3:raised → 2025 Q4:maintained → 2026 Q1:maintained → 2026 Q2:lowered --- Research context only. Not personalized investment advice. API: `GET /bff/api/bigfive/earnings-intel/FNB`