secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000037808-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q2 2023 EPS $0.39, up 30% YoY; efficiency ratio 50%
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- Net income $140.4M ($0.39 diluted) vs $107.1M ($0.30) YoY; operating EPS also $0.39.
- Net interest income $329.2M, +29.8% YoY; NIM (FTE) 3.37%, +61bp YoY, -19bp link-qtr.
- Period-end loans +11.8% YoY (+$3.3B); avg deposits +0.2% YoY.
- Efficiency ratio (non-GAAP) 50.0% vs 55.2% in Q2'22.
- CET1 ratio 10.0%; tangible book value $8.79 (+8.6% YoY); repurchased 2.3M shares at $10.80.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000017/0000037808-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780823000017/fnb-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000037808-23-000017

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