FNB CORPPA
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
FNB$18.24+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(Dollars in millions)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income | $122 | $147 |
| Adjustments to reconcile net income to net cash flows provided by (used in) operating activities: | ||
| Depreciation, amortization and accretion | 14 | 21 |
| Provision for credit losses | 14 | 14 |
| Deferred tax expense (benefit) | 15 | 2 |
| Loans originated for sale | (313) | (215) |
| Loans sold | 356 | 221 |
| Net (gain) loss on sale of loans | (3) | 3 |
| Net change in: | ||
| Interest receivable | (15) | (4) |
| Interest payable | (5) | 5 |
| Bank owned life insurance, excluding purchases | (3) | (2) |
| Other, net | 63 | (173) |
| Net cash flows provided by operating activities | 245 | 19 |
| Investing Activities | ||
| Net change in loans and leases, excluding sales and transfers | (261) | (415) |
| Debt securities available for sale: | ||
| Purchases | (460) | — |
| Maturities/payments | 473 | 116 |
| Debt securities held to maturity: | ||
| Purchases | (96) | (75) |
| Maturities/payments | 117 | 90 |
| Increase in premises and equipment | (29) | (33) |
| Net proceeds from sales of portfolio loans | 332 | — |
| Net cash flows provided by (used in) investing activities | 76 | (317) |
| Financing Activities | ||
| Net change in: | ||
| Demand (non-interest bearing and interest bearing) and savings accounts | (446) | (1,717) |
| Time deposits | 469 | 1,136 |
| Short-term borrowings | (432) | 776 |
| Proceeds from issuance of long-term borrowings | 161 | 512 |
| Repayment of long-term borrowings | (11) | (306) |
| Redemption of preferred stock | (111) | — |
| Repurchases of common stock | — | (12) |
| Cash dividends paid: | ||
| Preferred stock | (2) | (2) |
| Common stock | (44) | (44) |
| Other, net | 6 | 4 |
| Net cash flows provided by (used in) financing activities | (410) | 347 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (89) | 49 |
| Cash and cash equivalents at beginning of period | 1,576 | 1,674 |
| Cash and Cash Equivalents at End of Period | $1,487 | $1,723 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.