F.N.B. Corporation (FNB) Financial Statements (2024 and earlier)

Company Profile

Business Address F.N.B. CORPORATION
PITTSBURGH, PA 15212
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,637,0001,704,0001,723,0001,674,0002,276,0002,029,000
Cash and cash equivalents1,637,0001,704,0001,723,0001,674,0002,276,0002,029,000
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss13,40014,80013,600   
Total current assets:1,650,4001,718,8001,736,6001,674,0002,276,0002,029,000
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization31,90028,70025,50022,20022,50020,800
Operating lease, right-of-use asset158,600134,700135,100135,300134,200136,200
Property, plant and equipment   744,000  
Intangible assets, net (including goodwill)2,551,0002,556,0002,561,0002,566,0002,487,0002,489,000
Goodwill2,477,0002,477,0002,477,0002,477,0002,435,0002,434,000
Intangible assets, net (excluding goodwill)74,00079,00084,00089,00052,00055,000
Total noncurrent assets:2,741,5002,719,4002,721,6003,467,5002,643,7002,646,000
Other undisclosed assets41,104,10040,339,80039,687,80038,583,50037,670,30037,006,000
TOTAL ASSETS:45,496,00044,778,00044,146,00043,725,00042,590,00041,681,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,066,0002,391,0002,149,0001,372,0001,395,0001,391,000
Total current liabilities:2,066,0002,391,0002,149,0001,372,0001,395,0001,391,000
Noncurrent Liabilities
Long-term debt and lease obligation80,00079,00075,00070,00066,00067,000
Long-term debt, excluding current maturities80,00079,00075,00070,00066,00067,000
Total noncurrent liabilities:80,00079,00075,00070,00066,00067,000
Other undisclosed liabilities37,456,00036,490,00036,134,00036,630,00035,723,00034,787,000
Total liabilities:39,602,00038,960,00038,358,00038,072,00037,184,00036,245,000
Equity
Equity, attributable to parent5,894,0005,818,0005,788,0005,653,0005,406,0005,436,000
Preferred stock107,000107,000107,000107,000107,000107,000
Common stock4,0004,0004,0004,0004,0004,000
Treasury stock, value(188,000)(188,000)(172,000)(167,000)(167,000)(167,000)
Additional paid in capital4,689,0004,686,0004,693,0004,696,0004,565,0004,562,000
Accumulated other comprehensive loss(382,000)(355,000)(315,000)(357,000)(378,000)(252,000)
Retained earnings1,664,0001,564,0001,471,0001,370,0001,275,0001,182,000
Total equity:5,894,0005,818,0005,788,0005,653,0005,406,0005,436,000
TOTAL LIABILITIES AND EQUITY:45,496,00044,778,00044,146,00043,725,00042,590,00041,681,000

Income Statement (P&L) ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues518,000490,000452,000412,000349,000286,000
Net investment income513,000484,000444,000408,000343,000280,000
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(25,000)(19,000)(14,100)(28,200)(12,000)(6,000)
Gross profit:493,000471,000437,900383,800337,000280,000
Operating expenses(53,000)(50,000)(52,000)(61,000)(47,000)(48,000)
Operating income:440,000421,000385,900322,800290,000232,000
Nonoperating income
(Bank Owned Life Insurance Income)
3,0003,0003,0003,0002,0004,000
Interest and debt expense(187,000)(155,000)(107,000)(73,000)(46,000)(26,000)
Income from continuing operations before equity method investments, income taxes:256,000269,000281,900252,800246,000210,000
Other undisclosed loss from continuing operations before income taxes(92,000)(90,000)(99,900)(76,800)(73,000)(73,000)
Income from continuing operations before income taxes:164,000179,000182,000176,000173,000137,000
Income tax expense(19,000)(37,000)(35,000)(37,000)(35,000)(28,000)
Income from continuing operations:145,000142,000147,000139,000138,000109,000
Income before gain (loss) on sale of properties:138,000109,000
Net income attributable to parent:145,000142,000147,000139,000138,000109,000
Other undisclosed net loss available to common stockholders, basic(2,000)(2,000)(2,000)(2,000)(2,000)(2,000)
Net income available to common stockholders, diluted:143,000140,000145,000137,000136,000107,000

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:145,000142,000147,000139,000138,000109,000
Other undisclosed comprehensive income (loss)  42,00021,000(126,000)(50,000)
Comprehensive income:145,000142,000189,000160,00012,00059,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(27,000)(40,000)    
Comprehensive income, net of tax, attributable to parent:118,000102,000189,000160,00012,00059,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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