F.N.B. Corp

F.N.B. Corporation has revised its full-year 2026 net interest income guidance to a range of $1.485 billion to $1.515 billion, down from the prior outlook of $1.495 billion to $1.535 billion. For the third quarter, net interest income is projected between $375 million and $385 million. The company also tightened its full-year noninterest expense guidance to $1.01 billion to $1.02 billion and lowered its provision range to $80 million to $95 million from $85 million to $105 million. Second quarter net income totaled $148.7 million, or $0.42 per share, with record revenue of $463 million driven by net interest income of $366 million and noninterest income of $97 million. Management cited a decline in one-month SOFR, a competitive deposit environment, and tighter loan spreads as factors behind the reduced net interest income outlook.

F.N.B. Corporation lowered its full-year net interest income guidance to a range of $1.485 billion to $1.515 billion, citing heightened deposit competition and the impact of short-term rate changes, even as it reported record second-quarter revenue. Total revenue reached $463 million, including net interest income of $366 million and non-interest income of $97 million, while earnings per share rose 17% from a year earlier to $0.42. Period-end loans grew at a 7.5% annualized rate to $35.8 billion, driven by commercial and industrial lending and consumer loans, and average total deposits increased at a 3% annualized pace. The company maintained its full-year guidance for mid-single-digit loan and deposit growth, with non-interest income expected between $370 million and $390 million and non-interest expense tightened to $1.01 billion to $1.02 billion. Asset quality improved, with delinquencies and nonperforming loans each declining three basis points from the prior quarter, and the provision guidance was lowered to $80 million to $95 million.