FNB CORPPA
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Acronyms and Terms
| Acronym | Description | Acronym | Description |
|---|---|---|---|
| ACL | Allowance for credit losses | FTC | Federal Trade Commission |
| AFS | Available for sale | FTE | Fully taxable equivalent |
| ALCO | Asset/Liability Committee | FVO | Fair value option |
| AOCI | Accumulated other comprehensive income | GAAP | U.S. generally accepted accounting principles |
| ASC | Accounting Standards Codification | GLB Act | Gramm-Leach Bliley Act of 1999 |
| ASU | Accounting Standards Update | HTM | Held to maturity |
| AULC | Allowance for unfunded loan commitments | Howard | Howard Bancorp, Inc. |
| BOLI | Bank owned life insurance | HUD | Department of Housing and Urban Development |
| Basel III | Basel III Capital Rules | IDI | Insured depository institution |
| BHC Act | Bank Holding Company Act of 1956, as amended | IRLC | Interest rate lock commitment |
| CECL | Current expected credit losses | LCR | Liquidity Coverage Ratio |
| CET1 | Common equity tier 1 | LGD | Loss given default |
| CFPB | Consumer Financial Protection Bureau | LIBOR | London Inter-bank Offered Rate |
| COVID-19 | Novel coronavirus disease of 2019 | LIHTC | Low income housing tax credit |
| CRA | Community Reinvestment Act of 1977 | MCH | Months of Cash on Hand |
| DIF | Deposit Insurance Fund | MD&A | Management's Discussion and Analysis of FinancialCondition and Results of Operations |
| Dodd-FrankAct | Dodd-Frank Wall Street Reform and ConsumerProtection Act of 2010 | MSA | Mortgage servicing asset |
| DOJ | U.S. Department of Justice | MSRs | Mortgage servicing rights |
| DTA | Deferred tax asset | NYSE | New York Stock Exchange |
| DTL | Deferred tax liability | OCI | Other comprehensive income |
| EconomicGrowth Act | Economic Growth, Regulatory Relief and Consumer Protection Act | OCC | Office of the Comptroller of the Currency |
| ERISA | Employee Retirement Income Security Act of 1974 | OREO | Other real estate owned |
| EVE | Economic value of equity | PCD | Purchase credit deteriorated |
| FASB | Financial Accounting Standards Board | Penn-Ohio | Penn-Ohio Life Insurance Company |
| FDI Act | Federal Deposit Insurance Act | RESPA | Real Estate Settlement Procedures Act |
| FDIC | Federal Deposit Insurance Corporation | RRR | Reference rate reform |
| FDICIA | Federal Deposit Insurance CorporationImprovement Act of 1991 | R&S | Reasonable and supportable |
| FHLB | Federal Home Loan Bank | SBA | Small Business Administration |
| FICO | Fair Isaac Corporation | SEC | Securities and Exchange Commission |
| FINRA | Financial Industry Regulatory Authority | SOFR | Secured Overnight Financing Rate |
| FNB | F.N.B. Corporation | SOX | Sarbanes-Oxley Act of 2002 |
| FNBIA | F.N.B. Investment Advisors, Inc. | TDR | Troubled debt restructuring |
| FNBPA | First National Bank of Pennsylvania | TILA | Truth in Lending Act |
| FNIA | First National Insurance Agency, LLC | TPS | Trust preferred securities |
| FNTC | First National Trust Company | Union | UB Bancorp |
| FOMC | Federal Open Market Committee | U.S. | United States of America |
| FRB | Board of Governors of the Federal ReserveSystem | UST | U.S. Department of the Treasury |
| FSOC | Financial Stability Oversight Council | VIE | Variable interest entity |
PART I
Forward-Looking Statements: From time to time F.N.B. Corporation has made and may continue to make written or oral forward-looking statements with respect to our outlook or expectations for earnings, revenues, expenses, capital and liquidity levels, asset quality or other future financial or business performance, strategies or expectations, or the impact of legal, regulatory or supervisory matters on our business operations or performance. This Annual Report on Form 10-K (the Report) also includes forward-looking statements. See Cautionary Statement Regarding Forward-Looking Information in Item 7 of this Report.
The terms “FNB,” “the Corporation,” “we,” “us” and “our” throughout this Report mean F.N.B. Corporation and its subsidiaries, when appropriate.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.