secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000037808-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q1 2023 EPS $0.40 ($0.40 operating); net income $144.5M; ROAA 1.4%, ROTCE 20%
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- Net income available to common stockholders $144.5M, diluted EPS $0.40; Q1 2022 $51.0M, $0.15.
- Return on avg tangible common equity 20%; return on avg assets 1.4%; efficiency ratio 50.6%.
- Net interest income $336.7M (+43.8% YoY); net interest margin (FTE) 3.56%, up 95 bps YoY.
- Tangible book value per share $8.66, up $0.39 from Dec 2022; CET1 ratio 10.0% (estimated).
- Average deposits up $1.2B YoY; period-end deposits down $579.7M linked-quarter due to seasonal declines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000007/0000037808-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000007/fnb-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000037808-23-000007

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