PITTSBURGH, Pa. – F.N.B. Corp., the parent company of First National Bank, on Thursday reported net income of $137 million, or 38 cents per diluted common share, available to common stockholders in the first quarter. 

Comparatively, first quarter 2025 net income totaled $116.5 million, or 32 cents per diluted common share, and fourth quarter 2025 net income totaled $168.7 million, or 47 cents per diluted common share.

“Our company’s sustained superior financial performance, investments in a resilient risk management framework and a strong balance sheet have provided F.N.B. with flexibility to efficiently deploy capital to benefit our shareholders,” said Vincent J. Delie Jr., F.N.B. Corp. chairman, president and chief executive officer. “As we previously announced, we increased our quarterly cash dividend 8% to 13 cents per share and authorized a new share repurchase program with a total of $300 million now available for repurchase.”

Other first quarter highlights include:

  • Average loans and leases totaled $34.9 billion, an increase of $849.4 million, or 2.5%, driven by consumer loan growth of $1.1 billion. In December 2025, F.N.B. transferred approximately $200 million of performing residential mortgage loans to held-for-sale in anticipation of a loan sale that closed in the first quarter of 2026 as part of balance sheet management actions.
  • On a linked-quarter basis, period-end total consumer loans and commercial loans and leases increased $198.2 million and $136 million, respectively, as loan activity began to accelerate late in the quarter.
  • Average deposits totaled $38.4 billion, an increase of $1.4 billion, or 3.8%, as the growth in average money market deposits of $1 billion, average interest-bearing demand deposits of $241 million and average noninterest-bearing demand deposits of $180.3 million more than offset the declines in average savings deposits of $42 million and average time deposits of $30 million.
  • On a linked-quarter basis, period-end total deposits increased $141.8 million, with deposit growth more than offsetting seasonal outflows during the quarter.
  • The loan-to-deposit ratio was 90.3% on March 31, compared with 89.7% on Dec. 31, 2025, and 91.9% on March 31, 2025.
  • Net interest income totaled $359.3 million, a decrease of $6.2 million, or 1.7%, linked-quarter, primarily due to the impact of two less days in the current quarter and lower yields on earning assets, partially offset by a lower cost of funds.

The full report can be viewed HERE.