F.N.B. Corporation (NYSE: FNB) reported financial results for the third quarter of 2026, announcing net income of $152.9 million, or $0.43 per diluted common share. This figure represents a 4.9% increase compared to the same period in 2025, when net income was $149.5 million, or $0.41 per share. The company also reported year-to-date earnings of $1.23 per diluted common share, a 13% increase over the same period in 2025.
The filing highlights record net interest income for the quarter, driven by an expansion in the net interest margin and growth in loans and deposits. Average loans and leases totaled $36.1 billion, an increase of $1.3 billion, or 3.7%, compared to the prior year. Average deposits reached $38.8 billion, an increase of $914.1 million, or 2.4%. The loan-to-deposit ratio stood at 92.4% as of September 30, 2026.
On the capital side, the company reported a Common Equity Tier 1 (CET1) regulatory capital ratio of 11.3% (estimated) at the end of the quarter. Tangible book value per common share (non-GAAP) increased to $12.28, a gain of $0.80, or 7.0%, compared to the prior year. During the third quarter, F.N.B. repurchased $51 million of common stock, representing 2.7 million shares at a weighted average price of $18.69.
Asset quality metrics remained stable, with the ratio of non-performing loans and other real estate owned (OREO) to total loans and leases and OREO increasing 2 basis points to 0.33%. The provision for credit losses was $19.6 million, a decrease of $1.7 million from the prior quarter. Non-interest income totaled $92.6 million, a decrease of $5.6 million, or 5.7%, driven by a decrease in mortgage banking operations income and capital markets income.
