PITTSBURGH, Pa. – F.N.B. Corp., the parent company of First National Bank, on Wednesday reported net income of $116.5 million, or 32 cents per diluted common share, available to common stockholders in the first quarter of 2025. 

That is up slightly from $116.3 million, or 32 cents per diluted common share, in the first quarter of 2024, and up from $109.9 million, or 30 cents per diluted common share, in the fourth quarter of 2024.

“During the first quarter, we generated sequential and year-over-year revenue growth with net interest income expansion and solid noninterest income, which benefited from the continuous strategic investments made to develop and expand high-value advisory businesses,” said Vincent J. Delie Jr., F.N.B. Corp. chairman, president and CEO. “The first quarter’s annualized loan and deposit growth of 3.5% and 1.4%, respectively, in a seasonally slower quarter, demonstrates our successful focus on leveraging our technology and digital banking platform to enhance the customer experience and drive primacy.”

Other highlights: 

  • Period-end total loans and leases increased $1.7 billion, or 5.1%. Consumer loans increased $964.6 million, or 8%, net of a $431 million indirect auto loan sale that closed in the third quarter of 2024; and commercial loans and leases increased $686.6 million, or 3.3%.
  • On a linked-quarter basis, period-end total loans and leases increased $296.4 million, or 3.5% annualized, with an increase of $224.3 million in consumer loans and $72.1 million in commercial loans and leases.
  • Period-end total deposits increased $2.5 billion, or 7.2%, driven by an increase of $2.2 billion in interest-bearing demand deposits and $0.6 billion in shorter-term time deposits, offsetting the decline of $0.2 billion in savings deposits and $0.1 billion in noninterest-bearing demand deposits.
  • Net interest income totaled $323.8 million, an increase of $1.6 million, or 0.5%, from the prior quarter, primarily due to lower cost of funds more than offsetting the impact of lower yields on earning assets and two less days in the current quarter.

The full report can be viewed HERE.