The EPS and revenue miss vs consensus is the primary negative; watch the earnings call for commentary on NIM trajectory and non-interest income recovery, particularly mortgage banking and capital markets. The record NII and stable credit quality provide a floor, but the top-line miss will pressure the stock near-term.
Price Chart
Executive Summary
FNB reported Q3 2026 EPS of $0.43, a miss vs consensus of $0.46 (-6.5%), though revenue of $469.1M also missed the $484.7M estimate (-3.2%). Net interest income grew to a record $376.5M (+4.8% YoY) driven by NIM expansion to 3.29%, but non-interest income declined 5.7% YoY. The EPS miss and revenue shortfall are the headline negatives, partially offset by solid loan/deposit growth and stable credit quality.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP diluted EPS $0.43 vs consensus $0.46 (miss of -6.5%)
- Revenue (net interest income + non-interest income) $469.1M vs consensus $484.7M (miss of -3.2%)
- Record net interest income of $376.5M, up 4.8% YoY and 3.0% linked-quarter
- Net interest margin (FTE) expanded 4 bps QoQ to 3.29%
- Non-interest income fell 5.7% YoY to $92.6M, driven by lower mortgage banking and capital markets income
- Average loans grew 3.7% YoY to $36.1B; average deposits grew 2.4% YoY to $38.8B
- Provision for credit losses decreased to $19.6M from $24.0M YoY; net charge-offs improved to 0.12% annualized
- Company repurchased $51M in stock during Q3, $133M YTD
- Tangible book value per share (non-GAAP) increased 7.0% YoY to $12.28
Financial Impact
EPS miss of $0.03 (-6.5%) and revenue miss of ~$15.6M (-3.2%) vs consensus; net income of $152.9M up 2.2% YoY
Risk Factors
- EPS and revenue both missed consensus estimates, likely driving negative price reaction
- Non-interest income declined 5.7% YoY, with mortgage banking down 39.4% and capital markets down 18.4%
- AOCI reduced tangible book value by $0.53 per share due to higher rates, pressuring book value
- Expense growth of 5.5% YoY outpaced revenue growth, pressuring operating leverage
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000037808-26-000027 |
| Document: fnb-20261019.htm | 0000037808-26-000027 |
| Document: 0000037808-26-000027-index-headers.html | 0000037808-26-000027 |
| Document: 0000037808-26-000027-index.html | 0000037808-26-000027 |
| Document: 0000037808-26-000027.txt | 0000037808-26-000027 |
| 8-K Data (Synthetic) | 0000037808-26-000027 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Institutional Cluster | $18.18 $18.33 | ▲ +0.83% | ▲ +0.11% | $18.25 (+0.39%) |
Oct 20, 2026 7d ago | 8-K | $17.66 $17.80 | ▼ −0.79% | ▼ −0.27% | $18.25 (−3.34%) |
Oct 19, 2026 7d ago | Press Release | $17.66 $17.80 | ▲ +0.79% | ▲ +0.27% | $18.25 (+3.34%) |
Sep 29, 2026 28d ago | Press Release | $17.32 $17.21 | ▼ −0.64% | ▼ −0.43% | $18.25 (+5.37%) |
Jul 29, 2026 12w ago | Press Release | $19.00 $18.99 | ▼ −0.05% | ▼ −1.73% | $18.25 (−3.95%) |
Jul 17, 2026 14w ago | 8-K | $19.16 $18.75 | ▲ +2.14% | ▲ +1.98% | $18.25 (+4.75%) |
Jul 16, 2026 14w ago | Press Release | $19.16 $18.75 | ▼ −2.14% | ▼ −1.98% | $18.25 (−4.75%) |
Apr 17, 2026 27w ago | 8-K | $17.94 $17.83 | ▲ +0.61% | ▲ +0.42% | $18.25 (−1.73%) |
Mar 25, 2026 30w ago | DEFA14A | $16.49 $16.54 | ▲ +0.30% | ▲ +2.07% | $18.25 (+10.67%) |
US Market Status
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