FNB CORP/PA/ FNB Income Statement

Fnb corp/pa/ (FNB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest Income
Loans and leases, including fees
266,000	266,000	274,000	276,000	269,000	265,000	260,000	258,000	239,000	239,446	232,834	221,091	168,629	155,887	154,272	150,720	137,121	124,012	120,875	119,460	117,739	119,395	116,468	109,542	104,097	104,827	97,499	95,682	92,975	95,082	94,545	95,037	93,138	85,331	86,038	85,189	84,710	80,888	81,507	81,092	79,286	81,957	82,674
Securities:
Taxable
31,000	31,000	30,000	32,000	33,000	33,000	30,000	29,000	27,000	24,742	24,763	25,029	22,466	19,099	18,432	17,976	16,493	14,891	14,576	14,467	14,214	14,320	13,693	13,577	12,287	11,363	10,888	10,656	10,597	10,817	11,470	12,515	12,037	9,723	10,744	10,975	10,514	10,050	10,524	11,323	11,253	12,765	12,546
Tax-exempt
8,000	8,000	8,000	8,000	8,000	7,000	8,000	6,000	7,000	6,325	5,597	4,677	3,401	2,599	2,254	2,129	2,018	1,841	1,707	1,484	1,373	1,348	1,356	1,287	1,291	1,331	1,377	1,443	1,516	1,597	1,682	1,680	1,721	1,793	1,847	1,882	1,947	1,810	1,779	1,819	1,891	1,836	1,659
Dividends
-	-	-	-	-	-	-	-	-	-	0	76	9	-	9	9	5	10	9	9	11	10	26	13	179	32	13	42	16	14	12	14	335	13	13	12	119	17	17	18	19	33	42
Other
1,000	1,000	2,000	1,000	0	-	0	1,000	-	331	320	161	188	-357	143	97	117	27	30	28	32	24	23	21	26	84	13	18	14	68	47	39	56	37	60	97	81	102	120	109	97	159	113
Total Interest Income
306,000	306,000	314,000	317,000	310,000	305,000	298,000	294,000	273,000	270,759	263,514	251,034	194,693	177,205	175,110	170,931	155,754	140,781	137,197	135,448	133,369	135,097	131,566	124,440	117,880	117,637	109,790	107,841	105,118	107,578	107,756	109,285	107,287	96,897	98,702	98,155	97,371	92,867	93,947	94,361	92,546	96,750	97,034
Interest Expense
Deposits
49,000	56,000	56,000	55,000	50,000	47,000	38,000	30,000	27,000	24,520	18,987	16,753	11,740	10,613	10,477	10,424	9,486	8,174	7,948	7,636	7,449	7,536	7,457	7,461	7,149	6,938	6,895	7,343	8,265	9,737	10,205	10,613	11,958	11,808	13,078	14,054	14,595	14,452	15,742	16,776	17,554	20,290	22,533
Short-term borrowings
14,000	14,000	18,000	22,000	26,000	21,000	20,000	19,000	15,000	11,980	14,387	10,959	6,674	3,473	3,607	2,559	2,361	1,727	1,786	1,794	1,768	1,627	1,459	1,333	1,219	1,119	1,122	1,075	1,107	1,201	1,182	1,335	1,444	1,600	1,644	1,634	1,833	1,952	2,029	2,031	2,131	2,072	2,011
Long-term borrowings
11,000	10,000	10,000	10,000	3,000	6,000	5,000	5,000	5,000	4,657	4,909	4,907	3,527	3,348	3,520	3,579	3,553	3,547	2,262	2,251	2,231	2,273	2,031	1,454	1,687	8,212	719	775	774	790	860	889	953	1,422	1,698	1,655	1,628	1,618	1,825	2,091	2,546	4,210	4,564
Junior subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	1,902	1,876	1,932	1,978	1,967	2,011	1,938	1,880	2,118	2,032	2,000	2,092	1,982	1,910	2,417	2,594
Total Interest Expense
74,000	80,000	84,000	87,000	79,000	74,000	63,000	54,000	47,000	41,157	38,283	32,619	21,941	17,434	17,604	16,562	15,400	13,448	11,996	11,681	11,448	11,436	10,947	10,248	10,055	10,691	10,536	11,095	12,022	13,660	14,225	14,804	16,366	16,768	18,300	19,461	20,088	20,022	21,688	22,880	24,141	28,989	31,702
Net Interest Income
232,000	226,000	230,000	230,000	231,000	231,000	235,000	240,000	226,000	229,602	225,231	218,415	172,752	159,771	157,506	154,369	140,354	127,333	125,201	123,767	121,921	123,661	120,619	114,192	107,825	106,946	99,254	96,746	93,096	93,918	93,531	94,481	90,921	80,129	80,402	78,694	77,283	72,845	72,259	71,481	68,405	67,761	65,332
Provision for credit losses
48,000	7,000	12,000	11,000	14,000	15,000	16,000	16,000	14,000	16,626	16,768	16,756	10,850	12,953	14,639	16,640	11,768	12,664	10,777	8,864	8,136	10,040	11,197	10,405	7,006	8,366	7,280	7,903	7,541	9,274	8,429	7,027	6,572	8,289	8,573	8,551	8,228	10,807	12,313	12,239	11,964	16,455	13,909
Net Interest Income After Provision for Credit Losses
184,000	219,000	218,000	219,000	217,000	216,000	219,000	224,000	212,000	212,976	208,463	201,659	161,902	146,818	142,867	137,729	128,586	114,669	114,424	114,903	113,785	113,621	109,422	103,787	100,819	98,580	91,974	88,843	85,555	84,644	85,102	87,454	84,349	71,840	71,829	70,143	69,055	62,038	59,946	59,242	56,441	51,306	51,423
Non-Interest Income
Service charges
30,000	29,000	33,000	32,000	30,000	33,000	32,000	31,000	30,000	31,117	32,212	32,090	24,581	24,651	25,411	25,804	21,134	17,918	18,628	17,514	15,817	17,815	17,742	17,441	15,269	16,805	16,427	18,564	16,425	17,127	17,666	17,588	17,165	15,300	16,057	15,666	14,335	14,146	14,250	14,662	13,722	14,760	14,596
Trust services
8,000	7,000	7,000	7,000	7,000	7,000	6,000	6,000	7,000	5,790	5,748	5,715	5,747	5,045	5,268	5,405	5,282	5,131	5,210	5,432	5,161	4,871	4,868	4,862	4,764	4,323	4,176	4,167	4,085	3,880	3,783	3,842	3,734	3,560	3,565	3,947	3,710	3,289	3,084	3,188	3,158	2,856	3,013
Impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	440	-	-	-	473	-	-	51	0	1,313	8,226	14,234	1,429
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	321	-	-	-	436	-	-	0	0	711	6,540	10,943	689
Net impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	-	-	-	37	-	-	51	0	602	1,686	3,291	740
Insurance commissions and fees
7,000	5,000	6,000	4,000	5,000	3,000	5,000	5,000	5,000	4,483	5,029	4,347	5,141	4,108	4,866	4,105	4,921	3,919	4,423	3,559	4,369	3,953	4,169	3,691	4,945	3,979	4,088	4,101	4,430	3,794	4,578	3,882	4,172	3,373	4,002	3,664	4,146	3,678	3,921	3,849	4,324	3,960	3,837
Securities commissions and fees
5,000	4,000	4,000	5,000	4,000	5,000	4,000	5,000	4,000	3,452	4,038	3,887	3,623	2,600	3,404	3,622	3,374	3,684	3,304	3,597	3,057	2,928	3,132	3,002	2,391	2,921	2,575	2,867	2,923	2,252	2,102	2,030	2,011	1,602	1,858	2,130	1,972	1,717	1,794	1,771	1,557	1,451	2,008
Capital markets income
11,000	8,000	9,000	10,000	6,000	5,000	5,000	6,000	5,000	5,327	2,822	5,004	3,847	4,507	4,497	4,147	2,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking operations
-1,000	11,000	9,000	8,000	4,000	5,000	6,000	5,000	6,000	5,600	5,437	5,173	3,790	4,088	3,564	2,753	1,595	1,880	2,424	2,516	1,799	1,485	1,078	928	214	369	885	1,114	1,084	1,457	1,176	711	809	1,301	657	376	767	1,423	964	808	567	666	1,139
Dividends on non-marketable equity securities
5,000	5,000	5,000	4,000	5,000	4,000	4,000	4,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
3,000	3,000	3,000	3,000	3,000	2,000	5,000	3,000	3,000	3,632	3,123	3,092	2,153	1,965	3,348	2,592	2,095	2,608	1,846	1,838	1,843	1,896	1,828	1,807	2,185	1,713	1,635	1,890	1,636	1,676	1,671	1,579	1,559	1,278	1,309	1,372	1,232	1,181	1,448	1,247	1,065	1,354	1,444
Net securities gains
-	-	-	-	-	-	-	-	-	105	2,777	493	2,625	404	299	226	71	503	314	14	-9	302	1,178	776	9,461	51	5	68	684	3	-66	260	108	3,511	49	38	54	443	80	47	2,390	154	66
Other
1,000	2,000	4,000	2,000	1,000	5,000	8,000	0	3,000	-3,851	4,965	6,277	3,609	-1,063	2,583	2,757	4,723	-2,772	5,210	5,282	6,145	468	3,557	6,683	2,841	2,525	3,019	3,926	2,345	1,820	4,022	2,886	2,187	2,514	2,170	2,065	2,216	3,674	2,213	3,473	5,178	1,835	3,087
Total Non-Interest Income
69,000	74,000	80,000	75,000	65,000	69,000	75,000	65,000	67,000	64,655	66,151	66,078	55,116	50,305	53,240	51,411	46,044	43,117	41,359	39,752	38,182	39,462	37,552	39,190	42,070	32,659	32,810	36,697	33,612	31,916	34,813	32,778	31,745	32,410	29,630	29,258	28,432	29,500	27,754	28,443	30,275	23,745	28,450
Non-Interest Expense
Salaries and employee benefits
104,000	96,000	93,000	95,000	91,000	92,000	90,000	99,000	89,000	86,140	82,383	84,899	73,578	61,319	60,927	61,329	56,425	50,509	51,859	50,431	49,269	48,008	49,590	48,465	48,953	47,710	45,155	43,201	43,905	40,964	41,579	41,070	44,606	37,758	37,149	36,528	38,382	25,911	33,831	33,392	33,125	31,377	31,617
Net occupancy
21,000	15,000	13,000	16,000	15,000	14,000	14,000	16,000	16,000	14,868	13,723	14,060	11,349	10,208	10,333	10,193	9,266	8,265	7,957	8,472	8,976	7,997	7,734	8,068	8,482	6,805	6,132	6,839	6,698	5,954	5,840	6,178	6,606	5,321	5,514	5,060	5,910	4,890	4,781	4,840	5,538	4,741	5,051
Equipment
16,000	17,000	15,000	15,000	15,000	14,000	14,000	13,000	14,000	13,239	13,711	12,420	9,630	9,396	10,034	10,014	8,556	8,286	8,237	7,698	7,648	7,544	7,625	7,177	6,899	7,201	6,415	6,106	5,492	5,722	5,728	5,684	5,186	4,884	4,749	4,925	4,475	4,587	4,486	4,606	4,533	4,517	4,406
Amortization of intangibles
3,000	3,000	4,000	3,000	4,000	4,000	4,000	4,000	4,000	5,284	4,805	4,813	3,098	1,392	3,571	3,388	2,649	2,157	2,034	1,999	2,115	2,518	2,455	2,461	2,283	2,344	2,067	2,071	1,925	2,032	2,242	2,369	2,281	1,631	1,808	1,805	1,796	1,673	1,675	1,679	1,687	1,732	1,813
Outside services
17,000	17,000	16,000	16,000	15,000	17,000	17,000	17,000	15,000	14,035	15,439	13,483	13,043	13,116	11,756	9,825	9,303	9,444	7,314	9,163	8,777	9,555	8,183	8,233	7,237	6,925	7,565	8,562	7,205	7,313	7,048	7,310	6,367	5,816	5,447	5,377	5,200	5,484	5,737	5,885	5,522	5,819	6,415
FDIC insurance
6,000	5,000	6,000	6,000	6,000	6,000	9,000	9,000	9,000	9,054	9,183	9,376	5,387	4,655	5,274	5,103	3,968	3,258	3,158	2,783	3,689	3,659	3,206	3,399	2,994	1,995	3,161	2,672	2,364	1,905	2,014	2,187	1,971	1,737	1,699	1,870	2,719	2,636	2,627	2,641	2,622	2,613	6,643
Supplies
-	-	-	-	-	-	-	-	-	-	-	-	2,196	-	2,787	2,754	2,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank shares and franchise taxes
4,000	2,000	4,000	3,000	3,000	2,000	3,000	4,000	3,000	1,464	2,814	2,742	2,980	1,066	2,404	2,913	2,617	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	997	2,023	2,019	1,936	-	-	-	-	-	-
Merger-related
-	-	-	-	-	-	-	-	-	1,541	1,381	1,354	52,724	1,210	299	10,551	24,940	-	1,312	371	-	1,557	1,904	832	5,318	3,999	913	2,946	352	-5	88	317	6,994	393	282	161	4,146	-	72	-	-	-	-
Other
24,000	22,000	27,000	21,000	17,000	21,000	20,000	21,000	21,000	22,559	20,304	20,567	13,570	29,506	13,665	13,559	16,270	-17,493	16,278	15,582	14,181	-21,106	15,150	13,949	12,000	-14,626	11,765	11,730	10,861	-17,426	12,543	13,367	12,662	-13,975	10,546	10,624	9,993	-18,234	11,038	10,041	12,416	11,522	10,320
Total Non-Interest Expense
195,000	177,000	178,000	175,000	166,000	170,000	171,000	183,000	171,000	165,988	163,743	163,714	187,555	123,673	121,050	129,629	136,648	101,246	98,149	96,499	94,655	96,656	95,847	92,584	94,166	92,068	83,173	84,127	78,802	76,381	77,082	78,482	86,673	71,403	69,217	68,369	74,557	58,329	64,247	63,084	65,443	62,321	66,265
Income Before Income Taxes
58,000	116,000	120,000	119,000	116,000	115,000	123,000	106,000	108,000	111,643	110,871	104,023	29,463	73,450	75,057	59,511	37,982	56,540	57,634	58,156	57,312	56,427	51,127	50,393	48,723	39,171	41,611	41,413	40,365	40,179	42,833	41,750	29,421	32,847	32,242	31,032	22,930	33,209	23,453	24,601	21,273	12,730	13,608
Income taxes
11,000	21,000	17,000	24,000	22,000	15,000	22,000	21,000	21,000	87,721	33,178	29,617	6,484	22,050	22,889	18,211	11,850	17,418	17,581	18,025	16,969	17,123	15,736	15,562	14,199	10,732	9,977	12,220	11,827	11,224	12,090	12,620	7,839	9,110	8,469	8,670	5,755	9,676	6,236	6,679	5,293	2,424	3,010
Net Income
47,000	95,000	103,000	95,000	94,000	100,000	101,000	85,000	87,000	23,922	77,693	74,406	22,979	51,400	52,168	41,300	26,132	39,122	40,053	40,131	40,343	39,304	35,391	34,831	34,524	28,439	31,634	29,193	28,538	28,955	30,743	29,130	21,582	23,737	23,773	22,362	17,175	23,533	17,217	17,922	15,980	10,306	10,598
Preferred stock dividends
2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	1,970	2,010	2,010	2,010	1,970	2,010	2,010	2,010	2,011	2,010	2,010	2,010	2,010	2,010	2,010	2,322	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	5,496	1,469
Net Income Available to Common Stockholders
45,000	93,000	101,000	93,000	92,000	98,000	99,000	83,000	85,000	21,952	75,683	72,396	20,969	49,430	50,158	39,290	24,122	37,111	38,043	38,121	38,333	37,294	33,381	32,821	32,202	28,439	31,634	29,193	28,538	-	-	-	-	-	-	-	-	-	-	-	-	4,810	9,129
Earnings per Common Share
Basic (in USD per share)
0.14	0.29	0.31	0.29	0.28	0.31	0.30	0.26	0.26	0.09	0.23	0.22	0.09	0.24	0.24	0.19	0.12	0.21	0.22	0.22	0.22	0.21	0.20	0.20	0.20	0.19	0.22	0.20	0.20	0.20	0.22	0.21	0.16	0.19	0.19	0.18	0.14	0.21	0.15	0.16	0.14	0.04	0.10
Diluted (in USD per share)
0.14	0.28	0.31	0.29	0.28	0.30	0.30	0.26	0.26	0.09	0.23	0.22	0.09	0.23	0.24	0.19	0.12	0.20	0.22	0.22	0.22	0.20	0.20	0.20	0.20	0.18	0.22	0.20	0.20	0.21	0.22	0.21	0.15	0.19	0.19	0.18	0.14	0.20	0.15	0.16	0.14	0.04	0.10
Cash Dividends per Common Share (in USD per share)
-	-	-	-	-	-	-	-	0.12	-	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,609	31,158	51,366	-	31,499	42,313	47,407	-	27,540	14,314	27,564	-	33,132	31,504	22,995	-	24,241	25,325	17,228	-	-	-	-	-	-