FNB (FNB) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 17, 2026 astatine 10:31 AM CDT 56 min read

Image source: The Motley Fool.

Friday, April 17, 2026 astatine 8:30 a.m. ET

• President & Chief Executive Officer — Vincent J. Delie

• Chief Financial Officer — Vincent J. Calabrese

• Chief Credit Officer — Gary L. Guerrieri

Need a punctuation from a Motley Fool analyst? Email [email protected]

Vincent J. Delie: Thank you, and invited to our archetypal 4th net call. Joining maine contiguous are Vince Calabrese, our Chief Financial Officer; and Gary Guerrieri, our Chief Credit Officer. FNB produced a coagulated 4th with nett income of $137 million. EPS accrued 19% implicit the archetypal 4th of 2025 to $0.38 a Pre-provision nett gross accrued 17% from the twelvemonth agone 4th arsenic we generated affirmative operating leverage of 4.9%. Our superior ratios remained beardown and proceed to determination favorably, each portion producing a beardown instrumentality connected mean tangible communal equity of 13.2%. Tangible publication worth per stock of $12.06 represents an 11% summation from the twelvemonth agone quarter.

Since 2009, we expands the tenure of our enactment team's absorption of the slope and holding company. We person focused connected a disciplined and strategical attack to processing and executing our semipermanent maturation plan. Our actions person resulted successful the company's robust superior accumulation sustainable, superior fiscal performance, investments and a resilient hazard absorption model and a beardown equilibrium sheet. Over time, we person grown our superior to grounds levels and efficaciously negociate the dividend payout ratio from astir 80% down to 31%, successful enactment with our peers. During that clip period, we besides grew the equilibrium expanse 477% and with an integrated compounded yearly maturation complaint of 8%.

We invested successful our endeavor hazard absorption framework, built retired our advisory and superior markets businesses to diversify our gross streams and established FMB arsenic an manufacture innovator with an award-winning integer and information analytics capability, including the eStore. These important investments occurred implicit clip portion maintaining an industry-leading ratio ratio successful the debased to mid-50% range. I can't stress capable the hard enactment and superior execution by our team. to get to wherever we are today. These efforts person produced sustained levels of accrued profitability, important returns and beardown superior generation. This strategy was afloat aligned with shareholders' interests.

We precocious announced an 8% summation to our quarterly currency dividend to $0.13 per share, starting with the dividend to beryllium paid successful June. Our Board of Directors besides unanimously approved our management's proposal for an further $250 cardinal for the repurchase of our communal banal connected apical of the $50 cardinal remaining successful our existing stock repurchase program. Inclusive of the March dividend, and $35 cardinal repurchased successful the archetypal 4th of 2026. FNB has returned a full of $2.4 cardinal successful superior to shareholders done some dividends and repurchases since 2009, demonstrating our semipermanent committedness to optimize worth for our shareholders portion besides increasing and reinvesting successful the institution for continued aboriginal success.