Monitor next quarter for NIM trajectory given the 25 bps Fed rate hike in September 2026 and its impact on deposit costs and loan yields. The 8.5% annualized loan growth and stable credit quality support the organic growth narrative, but in-line results provide no near-term catalyst.
Price Chart
Executive Summary
FNB reported Q3 2026 EPS of $0.43, in line with consensus of $0.43, on net income of $152.9M. Revenue (net interest income) rose 4.8% YoY to $376.5M, driven by record NII and NIM expansion to 3.29%, with annualized loan and deposit growth of 8.5% and 8.9%. The in-line quarter with stable credit quality and strong organic growth is a neutral read-through for the stock.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $0.43 in line with consensus of $0.43
- Net income $152.9M vs $149.5M in Q3 2025 (+2.2% YoY)
- Net interest income record $376.5M, up 4.8% YoY and 3.0% linked-quarter
- Net interest margin (FTE) expanded 4 bps QoQ to 3.29%
- Annualized loan growth 8.5% and deposit growth 8.9% linked-quarter
- Tangible book value per share $12.28, up 7.0% YoY
- Share repurchases of $51M in Q3, $133M YTD
- Provision for credit losses $19.6M, net charge-offs 0.12% annualized
- CET1 ratio 11.3% (estimated), stable vs prior quarter
Financial Impact
In-line EPS with modest YoY net income growth of 2.2%; record NII and NIM expansion offset by stable credit costs
Risk Factors
- Net interest margin compression if deposit costs rise faster than asset yields in a continued hiking cycle
- Mortgage banking income declined 39.4% YoY on tighter gain-on-sale margins
- AOCI reduction of $0.53 per share from higher rates weighs on tangible book value
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302913051 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $18.18 $18.33 | ▲ +0.83% | ▲ +0.11% | $18.25 (+0.36%) |
Oct 20, 2026 7d ago | 8-K | $17.66 $17.80 | ▼ −0.79% | ▼ −0.27% | $18.25 (−3.31%) |
Oct 19, 2026 7d ago | Press Release | $17.66 $17.80 | ▲ +0.79% | ▲ +0.27% | $18.25 (+3.31%) |
Sep 29, 2026 28d ago | Press Release | $17.32 $17.21 | ▼ −0.64% | ▼ −0.43% | $18.25 (+5.34%) |
Jul 29, 2026 12w ago | Press Release | $19.00 $18.99 | ▼ −0.05% | ▼ −1.73% | $18.25 (−3.97%) |
Jul 17, 2026 14w ago | 8-K | $19.16 $18.75 | ▲ +2.14% | ▲ +1.98% | $18.25 (+4.78%) |
Jul 16, 2026 14w ago | Press Release | $19.16 $18.75 | ▼ −2.14% | ▼ −1.98% | $18.25 (−4.78%) |
Apr 17, 2026 27w ago | 8-K | $17.94 $17.83 | ▲ +0.61% | ▲ +0.42% | $18.25 (−1.70%) |
Mar 25, 2026 30w ago | DEFA14A | $16.49 $16.54 | ▲ +0.30% | ▲ +2.07% | $18.25 (+10.64%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers