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

Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000037808-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q3 2022 EPS $0.38 ($0.39 op); record revenue $380M; efficiency ratio 49%
----------------------------------------------------------------------------

- GAAP EPS $0.38 vs $0.34 year ago; operating EPS $0.39; revenue record $380M; net income $135.5M.
- Net interest income rose 28% to $297.1M; NIM (FTE) expanded 43 bps to 3.19% linked-quarter.
- Loans grew 16% YoY to $28.6B; deposits up 9% average YoY; period-end deposits +4.9% annualized linked-quarter.
- Efficiency ratio (non-GAAP) improved to 49.4%, down 600 bps; net charge-offs low at 0.04%.
- CET1 ratio 9.8%; tangible book value $8.02; AOCI impacted by higher rates, reducing tangible book by $1.08.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000020/0000037808-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780822000020/fnb-20221018.htm
  HTML page:      https://secwatch.observer/filing/0000037808-22-000020

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