FNB CORPPA
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 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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Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except share and per share data)
| June 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $448 | $447 |
| Interest-bearing deposits with banks | 1,432 | 1,129 |
| Cash and Cash Equivalents | 1,880 | 1,576 |
| Debt securities available for sale (amortized cost of $3,585 and $3,460; allowance for credit losses of $0 and $0) | 3,364 | 3,254 |
| Debt securities held to maturity (fair value of $3,532 and $3,593; allowance for credit losses of $0 and $0) | 3,893 | 3,911 |
| Loans held for sale (includes $128 and $150 measured at fair value) (1) | 132 | 488 |
| Loans and leases, net of unearned income of $100 and $91 (includes $47 and $45 measured at fair value) (1) | 33,757 | 32,323 |
| Allowance for credit losses on loans and leases | (419) | (406) |
| Net Loans and Leases | 33,338 | 31,917 |
| Premises and equipment, net | 489 | 461 |
| Goodwill | 2,477 | 2,477 |
| Core deposit and other intangible assets, net | 60 | 69 |
| Bank owned life insurance | 667 | 660 |
| Other assets | 1,415 | 1,345 |
| Total Assets | $47,715 | $46,158 |
| Liabilities | ||
| Deposits: | ||
| Non-interest-bearing demand | $10,062 | $10,222 |
| Interest-bearing demand | 14,697 | 14,809 |
| Savings | 3,348 | 3,465 |
| Certificates and other time deposits | 6,887 | 6,215 |
| Total Deposits | 34,994 | 34,711 |
| Short-term borrowings | 3,616 | 2,506 |
| Long-term borrowings | 2,016 | 1,971 |
| Other liabilities | 999 | 920 |
| Total Liabilities | 41,625 | 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 – 374,982,366 and 374,939,537 shares | 4 | 4 |
| Additional paid-in capital | 4,690 | 4,692 |
| Retained earnings | 1,820 | 1,669 |
| Accumulated other comprehensive loss | (243) | (235) |
| Treasury stock – 15,424,340 and 16,110,120 shares at cost | (181) | (187) |
| Total Stockholders’ Equity | 6,090 | 6,050 |
| Total Liabilities and Stockholders’ Equity | $47,715 | $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.