secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0000037808-22-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q1 GAAP EPS $0.15 vs $0.28 YoY; operating EPS $0.26; completes Howard Bancorp deal; $150M buyback
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- GAAP net income available to common stockholders $51.0M ($0.15 diluted EPS) vs $91.2M ($0.28) in Q1 2021.
- Operating diluted EPS (non-GAAP) $0.26, excluding $47.8M merger-related items and $4.2M branch consolidation costs.
- Completed acquisition of Howard Bancorp on Jan 22, 2022, adding $1.8B in loans and deposits at fair value.
- Board authorized new $150M share repurchase program; repurchased 2.2M shares at avg $13.25 in Q1.
- Period-end loans ex-PPP up $3.6B (15.7% YoY); net charge-offs remained low at 0.03% annualized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000007/0000037808-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000007/fnb-20220418.htm
  HTML page:      https://secwatch.observer/filing/0000037808-22-000007

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