F.N.B. Corp. reported second-quarter 2026 net income of $148.7 million, up from $130.7 million a year earlier and from $137.0 million in the first quarter. Earnings per diluted share rose to $0.42 from $0.36 in the prior-year quarter and $0.38 in the prior quarter.
Revenue reached a record $462.7 million. Net interest income increased to $365.7 million, up $6.4 million, or 1.8%, from the first quarter, while non-interest income climbed to $97.0 million, up $6.0 million, or 6.6%, quarter over quarter. Pre-provision net revenue rose to $209.4 million, an 8.8% increase from the first quarter.
Average loans and leases totaled $35.5 billion, up $1.0 billion, or 2.9%, from a year earlier. On a linked-quarter basis, average loans and leases increased $601.2 million, or 6.9% annualized, led by $362.6 million of growth in consumer loans and $238.6 million in commercial loans and leases.
Average deposits rose to $38.7 billion, up $1.5 billion, or 4.1%, from the second quarter of 2025. Compared with the first quarter, average deposits increased $293.3 million, or 3.1% annualized, with time deposits up $119.3 million, non-interest-bearing demand deposits up $114.0 million and interest-bearing demand deposits up $75.8 million. The loan-to-deposit ratio was 92.5% at June 30, 2026, compared with 90.3% at March 31, 2026 and 91.9% a year earlier.
Provision for credit losses was $21.4 million, up from $18.5 million in the first quarter. Net charge-offs increased to $17.0 million from $15.9 million, while the ratio of net charge-offs to average loans edged up to 0.19% annualized from 0.18%. Non-performing loans and other real estate owned fell to 0.31% of total loans and leases plus OREO, down 3 basis points from the prior quarter, and total delinquency also declined 3 basis points to 0.71%. The allowance for credit losses to total loans and leases slipped to 1.25% from 1.26%.
The CET1 ratio ended the quarter at 11.4%, unchanged from the first quarter and up from 10.8% a year earlier. Tangible common equity to tangible assets was 8.9%, also unchanged from the prior quarter and up from 8.5% a year earlier.
Tangible book value per common share increased to $12.24, up $1.10, or 9.9%, from June 30, 2025, and up $0.18, or 1.5%, from March 31, 2026. During the quarter, the company repurchased $47 million of stock, representing 2.7 million shares at an average price of $17.46. The market has reacted to these announcements by moving the company's shares -2.9% to a price of $18.925. If you want to know more, read the company's complete 8-K report here.
