secwatch.observer — SEC 8-K summary
======================================

Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0000037808-22-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q4 EPS $0.30, full-year EPS $1.23; record revenue $1.2B; tangible book value up 9% YoY
--------------------------------------------------------------------------------

- Q4 net income $96.5M ($0.30/sh) vs $0.22/sh YoY; full-year $396.6M ($1.23/sh) vs $0.85/sh.
- Record full-year revenue $1.2B; non-interest income record $330M, up $36M YoY.
- Ex-PPP loans grew 5.7% YoY; tangible book value per share up 9% to $8.59.
- Net charge-offs very low at 0.02% annualized; provision for credit losses a net benefit of $2.4M.
- CEO cites growth initiatives: eStore digital platform, Howard Bank integration, Physicians First.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000002/0000037808-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000002/fnb-20220119.htm
  HTML page:      https://secwatch.observer/filing/0000037808-22-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer