Every material Form 8-K FNB filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
F.N.B. Corporation completed a $500 million offering of senior notes due December 11, 2030, receiving net proceeds of $498.25 million before estimated transaction expenses. The company plans to use the proceeds for general corporate purposes, including holding company investments, capital for First National Bank of Pennsylvania, and refinancing existing debt, which adds to its outstanding debt obligations.
Principal amount of $500 million, sold at 100% of par, with a 5.722% fixed rate until December 11, 2029
Floating rate after December 11, 2029 equal to Compounded SOFR plus 1.93%
Net proceeds of $498.25 million after underwriting discount, before estimated transaction expenses
Notes issued under a third supplemental indenture dated December 11, 2024 with Wilmington Trust, National Association, as trustee
F.N.B. Corporation entered into an underwriting agreement on December 4, 2024 to sell $500 million of its 5.722% fixed-to-floating rate senior notes due 2030. The offering is being made under an existing shelf registration, and the company expects it to close on December 11, 2024, subject to customary conditions. The filing does not state the intended use of proceeds.
Notes: $500 million aggregate principal amount of 5.722% Fixed Rate/Floating Rate Senior Notes due 2030
Underwriting agreement dated December 4, 2024, with Morgan Stanley & Co. LLC and BofA Securities, Inc. as representatives of the underwriters
Expected closing date: December 11, 2024, subject to customary closing conditions
Offering made under Form S-3 shelf registration (File No. 333-281868)
F.N.B. Corporation reported third-quarter 2024 net income available to common stockholders of $110.1 million, or $0.30 per diluted share, down from $143.3 million, or $0.40, a year earlier and $123.0 million, or $0.34, in the second quarter. Non-interest income reached a record $89.7 million, but net interest income fell 1.0% from a year earlier and the company booked $15.3 million of pre-tax significant items, so shareholders see lower reported earnings despite growth in some revenue lines.
Net income to common stockholders was $110.1 million, or $0.30 per diluted share, versus $143.3 million, or $0.40, in Q3 2023 and $123.0 million, or $0.34, in Q2 2024.
Operating EPS was $0.34, excluding $0.04 per share of significant items, including an $11.6 million pre-tax loss on an indirect auto loan sale and a $3.7 million software impairment.
Non-interest income was a record $89.7 million, up 10.0% from the year-ago quarter.
Period-end total deposits rose $2.2 billion, or 6.2%, year over year, and the loan-to-deposit ratio was 92% at September 30, 2024.
F.N.B. Corporation reported second quarter 2024 net income available to common stockholders of $123.0 million, or $0.34 per diluted share, down from $140.4 million, or $0.39 per share, a year earlier but up from $116.3 million, or $0.32 per share, in the first quarter. Net interest income fell 4.1% from a year earlier to $315.9 million, while period-end total loans and leases rose 7.7% year over year. Tangible book value per common share reached $9.88, up 12.4% from a year earlier, and the filing gives no updated earnings guidance.
Q2 2024 net income available to common stockholders was $123.0 million, or $0.34 per diluted share, versus $140.4 million, or $0.39, in Q2 2023 and $116.3 million, or $0.32, in Q1 2024.
Net interest income was $315.9 million, down 4.1% from a year earlier and down $3.1 million from the prior quarter.
Period-end total loans and leases increased $2.4 billion, or 7.7%, year over year.
Tangible book value per common share was $9.88 at June 30, 2024, up $1.09, or 12.4%, from a year earlier.
F.N.B. Corporation reported first-quarter 2024 net income available to common stockholders of $116.3 million, or $0.32 per diluted share, down from $144.5 million, or $0.40, in the first quarter of 2023 but up from $48.7 million, or $0.13, in the fourth quarter of 2023. Excluding significant items, operating EPS was $0.34, compared with $0.40 a year earlier and $0.38 in the prior quarter.
Net income available to common stockholders was $116.3 million, or $0.32 per diluted share, versus $144.5 million, or $0.40, in Q1 2023.
Operating EPS (non-GAAP) was $0.34, versus $0.40 in Q1 2023 and $0.38 in Q4 2023.
Non-interest income rose 10.7% year over year to $87.9 million.
Tangible book value per common share (non-GAAP) reached $9.64, up 11.3% from $8.66 a year earlier; the estimated CET1 ratio was a record 10.2%.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every FNB filing is on SEC EDGAR ↗. 8-K briefs of other companies →