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

Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000037808-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q1 2024 EPS $0.32; operating EPS $0.34; net income down 20% YoY; record TCE ratio 8.0%
--------------------------------------------------------------------------------

- Net income available to common stockholders $116.3M ($0.32 diluted EPS) vs $144.5M ($0.40) in Q1 2023.
- Operating EPS (non-GAAP) $0.34, excluding $0.02 of significant items; prior year $0.40.
- Record non-interest income $87.9M, driven by Wealth Management, Capital Markets, and Mortgage Banking.
- Period-end loans +6.2% YoY to $1.9B; deposits +1.6% YoY; tangible book value $9.64, up 11.3% YoY.
- Record CET1 ratio 10.2% (est.); non-performing loan ratio 0.33%, down 5 bps YoY; FDIC special assessment $4.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780824000008/0000037808-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780824000008/fnb-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000037808-24-000008

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