secwatch.observer — SEC 8-K summary
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Issuer:     FNB CORP/PA/ (FNB)
CIK:        0000037808
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000037808-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FNB Q2 2024 EPS $0.34, net income $123M, down 12% YoY
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- Net income available to common stockholders $123.0M ($0.34 diluted EPS) vs $140.4M ($0.39) in Q2 2023.
- Period-end loans grew 7.7% YoY to $2.4B; deposits up 3.5% YoY; linked-quarter loan growth 3.6%.
- Tangible book value per share $9.88, up 12.4% YoY; CET1 ratio 10.2%; NPLs/OREO at 0.33% multiyear low.
- Net interest margin (FTE) 3.09%, down 9 bps linked quarter; provision for credit losses $20.2M (+$6.3M linked).
- Repurchased 250,000 shares at weighted avg price $13.56 during Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37808/000003780824000018/0000037808-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37808/000003780824000018/fnb-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000037808-24-000018

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