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

Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000037808-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB reports record Q4 revenue $416M, operating EPS $0.44, completes UB Bancorp acquisition
--------------------------------------------------------------------------------

- Q4 2022 net income available to common $137.5M ($0.38 diluted EPS) vs $96.5M ($0.30) in Q4 2021.
- Operating EPS (non-GAAP) of $0.44; full-year 2022 operating EPS $1.40 on record revenue of $1.4B.
- Completed UB Bancorp acquisition Dec 9, adding estimated $651M loans and $956M deposits.
- Efficiency ratio (non-GAAP) improved to record 45.8% from 58.1% a year ago.
- Period-end loans up 21.2% YoY; net charge-offs remain low at 0.16% annualized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000002/0000037808-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000002/fnb-20230123.htm
  HTML page:      https://secwatch.observer/filing/0000037808-23-000002

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