secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000037808-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F.N.B. Corp Q2 earnings: $0.30 GAAP EPS; record revenue $336M; announces UB Bancorp acquisition
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- Net income $107.1M ($0.30 diluted EPS); operating EPS $0.31, up 19% linked quarter.
- Record revenue $336M; net interest income $253.7M (+11.3%); NIM 2.76% (+15 bps).
- Spot loan growth $1.3B (19.5% annualized) excl. PPP; net recoveries (0.01% NCO ratio).
- Efficiency ratio 55.2%; pre-provision net revenue $145.1M, up 23.2% linked quarter.
- Announced all-stock acquisition of UB Bancorp for ~$117M; CET1 9.7%; T/BV $8.10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000016/0000037808-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000016/fnb-20220720.htm
  HTML page:      https://secwatch.observer/filing/0000037808-22-000016

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