FNB Q4 GAAP net income $48.7M ($0.13/diluted); operating EPS $0.38; balance sheet actions taken

FNB CORP/PA/

2023-FY EPS reported $1.31

GAAP diluted EPS $0.13 vs $0.38 in Q4 2022; operating (non-GAAP) diluted EPS $0.38 vs $0.44.
Record full-year revenue $1.6B; tangible book value per share grew 14.5% YoY to $9.47.
Sold $650M AFS securities with realized loss $67.4M; reinvested at ~350bps higher yield; transferred $355M indirect auto loans to HFS.
CET1 ratio 10.1% (estimated); NIM (FTE) 3.21%, down 5bps QoQ; non-performing loans ratio 0.34%.
FDIC special assessment of $29.9M included in Q4 expenses; effective tax rate 13.1% due to solar project tax credits.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FNB CORP/PA/ reported Fourth quarter of 2023 results: net income 48.7 million, EPS 0.13.

Period: Fourth quarter of 2023
Net income: 48.7 million
EPS: 0.13
Result: reported results

Exact text from the filing

On January 18, 2024 , F.N.B. Corporation announced financial results for the quarter ended December 31, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

FNB CORP/PA/ filing history →

Source: SEC EDGAR

accession 0000037808-24-000002

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