F.N.B. Corp reported a 31.6% year-over-year increase in fourth-quarter net income, driven by a 12.4% rise in net interest income. Interest income from loan portfolios expanded by 14%, reflecting higher yields on both commercial and consumer lending. The company’s net interest margin widened by 15 basis points to 3.60%, outperforming the consensus estimate by 10 basis points and underscoring the bank’s ability to capitalize on rising rate environments.

Loan balances grew by 8.7% from the prior year to reach $22.4 billion, led by a 10.2% uptick in commercial real estate loans and a 9.1% rise in equipment finance. Core deposits increased by 6.3%, totaling $28.7 billion, supported by continued retail and small-business inflows. The loan-to-deposit ratio moved modestly higher to 78.1%, reflecting disciplined asset deployment while maintaining ample liquidity buffers.

Provision for credit losses declined by 42% to $18 million, as net charge-offs fell to 0.25% of total loans compared with 0.42% a year ago. Nonperforming assets decreased by 22%, representing 0.45% of total loans and leases. The reserve coverage ratio stood at 1.55%, well above peer medians, signaling continued coverage strength. Management highlighted that the credit environment remains stable, supporting a conservative provisioning approach.

F.N.B. ended the quarter with a Common Equity Tier 1 capital ratio of 10.8%, exceeding regulatory requirements by 180 basis points. Tangible book value per share rose by 9.3% year-over-year. For full-year 2026, the bank projects mid-single-digit loan growth, a net interest margin expansion of 5 to 10 basis points, and credit costs below 30 basis points of average loans. Leadership reiterated its commitment to a 40% to 50% dividend payout ratio and continued share repurchases to enhance shareholder value.