FNB CORPPA
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except share and per share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $351 | $447 |
| Interest-bearing deposits with banks | 1,136 | 1,129 |
| Cash and Cash Equivalents | 1,487 | 1,576 |
| Debt securities available for sale (amortized cost of $3,449 and $3,460; allowance for credit losses of $0 and $0) | 3,226 | 3,254 |
| Debt securities held to maturity (fair value of $3,547 and $3,593; allowance for credit losses of $0 and $0) | 3,893 | 3,911 |
| Loans held for sale (includes $93 and $150 measured at fair value) (1) | 107 | 488 |
| Loans and leases, net of unearned income of $95 and $91 (includes $46 and $45 measured at fair value) (1) | 32,584 | 32,323 |
| Allowance for credit losses on loans and leases | (406) | (406) |
| Net Loans and Leases | 32,178 | 31,917 |
| Premises and equipment, net | 474 | 461 |
| Goodwill | 2,477 | 2,477 |
| Core deposit and other intangible assets, net | 65 | 69 |
| Bank owned life insurance | 663 | 660 |
| Other assets | 1,326 | 1,345 |
| Total Assets | $45,896 | $46,158 |
| Liabilities | ||
| Deposits: | ||
| Non-interest-bearing demand | $9,982 | $10,222 |
| Interest-bearing demand | 14,679 | 14,809 |
| Savings | 3,389 | 3,465 |
| Certificates and other time deposits | 6,685 | 6,215 |
| Total Deposits | 34,735 | 34,711 |
| Short-term borrowings | 2,074 | 2,506 |
| Long-term borrowings | 2,121 | 1,971 |
| Other liabilities | 960 | 920 |
| Total Liabilities | 39,890 | 40,108 |
| Stockholders’ Equity | ||
| Preferred stock | ||
| Issued – 0 and 110,877 shares - $0.01 par value | — | 107 |
| Common stock - $0.01 par value | ||
| Authorized – 500,000,000 shares | ||
| Issued – 374,970,621 and 374,939,537 shares | 4 | 4 |
| Additional paid-in capital | 4,694 | 4,692 |
| Retained earnings | 1,740 | 1,669 |
| Accumulated other comprehensive loss | (250) | (235) |
| Treasury stock – 15,604,305 and 16,110,120 shares at cost | (182) | (187) |
| Total Stockholders’ Equity | 6,006 | 6,050 |
| Total Liabilities and Stockholders’ Equity | $45,896 | $46,158 |
(1)Amount represents loans for which we have elected the fair value option. See Note 18.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.