F.N.B. Corporation (FNB): Business Model Canvas [Dec-2025 Updated]

Honestly, when you look at a bank with assets approaching $50 billion, you need to look past the size and see the engine driving it, and for F.N.B. Corporation (FNB), that engine is a relentless focus on being the client's primary financial partner. This relationship-first approach is clearly working; their Q3 2025 numbers are proof, showing record Net Interest Income of $359.3 million alongside a strong $98.2 million in non-interest income from services like advisory. We're talking about a firm that balances local decision-making across its 350 offices with serious digital investment. If you want to know the exact mechanics-from their key partnerships to how they structure costs against those revenue streams-the full Business Model Canvas breakdown is right below.

F.N.B. Corporation (FNB) - Canvas Business Model: Key Partnerships

You're looking at the strategic alliances F.N.B. Corporation relies on to execute its business model in late 2025. These aren't just casual agreements; they are foundational to expanding capabilities and hitting growth targets, like the record quarterly revenue of $457 million reported in Q3 2025.

Pittsburgh History & Landmark Foundation for the $1 million grant program

F.N.B. Corporation formalized a key community partnership by funding the FNB Main Street Revitalization Program. This initiative, announced on June 24, 2025, includes a direct $1 million contribution to the Pittsburgh History & Landmark Foundation (PHLF). PHLF administers a small business grant program to support facade improvements for qualifying small businesses. This partnership ensures that grant construction plans align with the Secretary of the Interior's Standards for the Treatment of Historic Properties, which is the prevailing framework for historic rehabilitation.

Raptor Partners LLC integration for investment banking and advisory services

The acquisition of Raptor Partners LLC, expected to close in the second quarter of 2025, significantly bolsters F.N.B. Corporation's Capital Markets segment. Raptor Partners brings a history of completing hundreds of transactions with an aggregate value approaching $40 billion across various industries. This integration is designed to grow and diversify non-interest income, rounding out offerings to provide advisory services across a client's entire business life cycle. To be fair, the Capital Markets division already showed strong execution, driving a $137\%$ increase in revenue over the past decade.

Technology vendors for digital platform and AI development

F.N.B. Corporation is clearly partnering with technology providers to maintain its digital edge. The eStore and the Common app are explicitly powered by AI and a massive data warehouse, allowing for automated, personalized product recommendations. The commitment to this area is underscored by the September 2025 hiring of a Director of AI and Innovation and a Director of Data Science to execute the AI strategy. Furthermore, F.N.B. Corporation secured a strategic investment in Atomic to facilitate the integration of direct deposit and recurring transaction switching capabilities by 2025.

Community organizations aiding veterans and promoting diversity

F.N.B. Corporation demonstrates its commitment to community through targeted financial support, though specific veteran-focused partnerships with 2025 dollar amounts weren't immediately clear. However, in February 2025, the company announced a $1 million gift to the UPMC Children's Hospital Foundation's This Moment fundraising campaign to support the FNB Hub for Family Support. Earlier, in 2021, F.N.B. Corporation invested $1 million in the Urban Redevelopment Authority (URA) Avenues of Hope Small Contractor Line of Credit program to support small contractors in the Hill District, which is part of a broader effort to reprioritize investments in diverse city neighborhoods. The bank's overall footprint serves 7 States and Washington D.C., indicating a broad regional partnership base.

Correspondent banks for specialized services and geographic reach

While specific correspondent bank names or transaction volumes aren't detailed here, these relationships are vital for extending specialized services and geographic reach beyond F.N.B. Corporation's approximately 350 banking offices. These partnerships help support the company's presence across its seven-state footprint and Washington D.C., ensuring comprehensive coverage for commercial and consumer banking needs. It's how a regional player maintains broad service availability.

Here's a quick look at the scale of some of these key relationships and F.N.B. Corporation's resulting financial strength:

These alliances support the operational structure F.N.B. Corporation is running right now. You can see the focus areas:

• Administering facade improvement grants through PHLF.
• Integrating investment banking expertise via Raptor Partners LLC.
• Driving digital experience using AI and a massive data warehouse.
• Enhancing transaction services through strategic investment in Atomic.
• Supporting small contractors in diverse neighborhoods via the URA program.
• Hiring specialized leadership for AI and Data Science in September 2025.

Finance: draft the Q4 2025 partnership impact analysis by next Tuesday.

F.N.B. Corporation (FNB) - Canvas Business Model: Key Activities

You're looking at how F.N.B. Corporation actually makes its money and manages its balance sheet as of late 2025. The core activities are all about disciplined growth and smart investment in technology to keep the engine running smoothly.

Generating Net Interest Income (NII) via high-quality loan growth

The primary activity centers on growing the earning asset base while keeping the cost of funds in check. For the third quarter of 2025, F.N.B. Corporation reported a record Net Interest Income (NII) of $359.3 million. This performance was supported by a Net Interest Margin (FTE, non-GAAP) that expanded to 3.25% in Q3 2025, up 17 basis points year-over-year. Management guided for full-year 2025 Net Interest Income to be between $1.37 billion and $1.39 billion, later increasing guidance to $1.405 billion. The company projects period-end loans and deposits to grow in the mid-single digits for the full year 2025.

Here's a quick look at the balance sheet metrics driving that NII:

Managing a diversified portfolio of commercial and consumer loans

F.N.B. Corporation actively manages its loan book, which shows a tie for the largest exposure. The largest chunks of the firm's loan portfolio are its residential mortgages and non-owner-occupied commercial real estate, both accounting for approximately 25% each. Still, commercial and industrial loans, owner-occupied commercial real estate, and home equity loans represent significant portions too. Proactive credit risk management is a constant activity. For Q3 2025, net charge-offs were $19.7 million, which translates to 0.22% annualized of total average loans. Total delinquency stood at 0.65%. The Allowance for Credit Losses (ACL) was $437.3 million, maintaining a ratio of the ACL to total loans and leases at a stable 1.25%.

Investing in digital capabilities, data analytics, and Artificial Intelligence (AI)

This is a major focus area for F.N.B. Corporation, aimed at creating a seamless omnichannel experience. The company consolidated its digital, e-commerce, data, and AI operations under a Chief Strategy Officer. A Generative AI Task Force started in Q2 2025 to manage AI use cases and risks. These technology investments are showing results; the use of AI and other tools helped achieve a 52% year-over-year reduction in online account fraud. The eStore Common Application, which allows simultaneous applications for over 40 banking products, saw a 108% increase in submissions between Q1 and Q2 2025. Business deposit products were added to this platform in July 2025, with plans to integrate business loan products in 2026. Technology-related investments contributed to a $2.3 million, or 5.2%, increase in Net Occupancy and Equipment costs in Q1 2025.

Executing capital markets and wealth management advisory services

Diversified fee income is a key lever, and advisory services are performing well. F.N.B. Corporation achieved a record Non-Interest Income of $98.2 million in the third quarter of 2025. This was supported by strong growth in specialized areas. Capital markets income specifically increased by $1.0 million, or 14.2%, from the prior quarter, driven by debt capital markets, syndications, and advisory services. Wealth Management revenues grew by $1.5 million, or 8.0%, over the prior quarter. Within Wealth Management, securities commissions and fees rose by 12.6%, and trust income increased by 4.7%. Full-year 2025 guidance for non-interest income was increased to $355 million to $365 million, and later to $370 million.

Maintaining regulatory compliance and proactive credit risk management

Capital strength is a non-negotiable activity supporting all other operations. F.N.B. Corporation's estimated Common Equity Tier 1 (CET1) regulatory capital ratio was 11.0% at September 30, 2025, up from 10.8% at June 30, 2025. The Tangible Common Equity to Tangible Assets Ratio (non-GAAP) stood at 8.7% in Q3 2025. The company's full-year 2025 guidance for the provision for credit losses is set between $85 million and $100 million. The provision expense recorded for the third quarter of 2025 was $24.0 million. The company also repurchased $12 million, or 0.8 million shares, of common stock during Q3 2025 at a weighted average share price of $15.50.

F.N.B. Corporation (FNB) - Canvas Business Model: Key Resources

The Key Resources for F.N.B. Corporation as of late 2025 are centered on its substantial financial scale, strong regulatory standing, physical footprint, and evolving technology stack.

Tangible Financial Scale: F.N.B. Corporation maintains total assets of nearly $50 billion as of Q3 2025, specifically reported at $49.889B as of September 30, 2025. This scale supports its operations across its multistate footprint.

The core financial metrics defining this resource base are summarized below:

Capital Strength: F.N.B. Corporation possesses a strong capital base, with the estimated Common Equity Tier 1 (CET1) regulatory capital ratio reported at 11.0% for the third quarter of 2025. This figure represents record capital levels. Some reporting indicates the CET1 ratio was 11.1% as of 3Q25. The bank has plenty of capacity to grow its balance sheet while returning capital to investors, given its ability to safely operate at an adjusted CET1 ratio of 9.5%-10.0%.

Physical and Digital Footprint: The physical network consists of approximately 350 banking offices. This network serves seven states and the District of Columbia. The states include Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, and Virginia, alongside Washington D.C..

Complementing the physical presence is the proprietary digital banking platform and technology infrastructure, which F.N.B. Corporation focuses on leveraging to enhance customer engagement. This infrastructure includes modern-concept designs for new branches featuring the eStore® Origination Platform.

Low-Cost Funding: A critical resource is the low-cost deposit base, which averaged $37.9 billion in Q3 2025. The funding mix shows that non-interest-bearing demand deposits comprised 26% of total deposits at September 30, 2025. This focus on generating low-cost deposits is part of F.N.B. Corporation's long-term strategy to be the primary operating bank for its customers.

The composition of the physical and digital assets includes:

• Geographic Reach: Operations spanning Pittsburgh, Baltimore, Cleveland, Washington, D.C., and key Carolinas markets.
• Branch Strategy: A 'Clicks-to-Bricks' strategy supports the omnichannel experience.
• Technology Use: Advanced digital tools aid in product bundling capabilities.
• Future Expansion: A plan to add nearly 30 new concept branch locations over the next five years.

Finance: draft 13-week cash view by Friday.

F.N.B. Corporation (FNB) - Canvas Business Model: Value Propositions

You're looking at what F.N.B. Corporation (FNB) offers its clients-the core reasons they choose them over the competition as of late 2025. It's a comprehensive offering built on local presence and significant community investment.

Full-service financial suite: commercial, consumer, and wealth management. F.N.B. Corporation supports clients across the entire financial spectrum, from large commercial needs to personal banking and complex wealth planning. As of the third quarter of 2025, the company managed total assets of nearly $50 billion, specifically $49.889B. This scale backs up the breadth of services offered across its approximately 350 banking offices in seven states and the District of Columbia.

Here's a look at the components that make up this full suite:

Relationship-based model focused on being the primary operating bank. F.N.B. Corporation is clearly positioning itself to be the main financial hub for its customers. Management noted that investments in digital capabilities, data analytics, and Artificial Intelligence are specifically intended to 'broaden household penetration and increasingly serve as the primary bank for new and existing consumer and commercial clients'. This focus is supported by solid organic growth; average deposits grew to $37.9 billion in the third quarter of 2025.

Local decision-making for faster, more responsive capital access. The value here is speed and relevance, which is crucial when you need capital to move fast. While specific metrics on decision turnaround time aren't public, the operational structure implies this benefit. The loan-to-deposit ratio stood at a healthy 91% at September 30, 2025, showing active deployment of funds. Furthermore, the company projected mid-single-digit loan and deposit growth for the full 2025 year, suggesting continued focus on lending activity.

Commitment to community via the $50 million Main Street Revitalization Program. F.N.B. Corporation launched a nearly $50 million community development initiative in June 2025, targeting economic growth in rural business districts and historic neighborhoods. This isn't just talk; it's a concrete deployment of capital designed to revitalize local appeal and foster business formation. The program is structured around tangible actions:

• A $1 million small business grant program for facade improvements, administered with the Pittsburgh History & Landmark Foundation (PHLF).
• A proprietary low-interest loan program designed to deploy more than $30 million in financing for small businesses.
• An approximately $15 million planned investment in the rehabilitation and restoration of several historic F.N.B. Corporation branches.

Diversified non-interest income services like investment banking. A key indicator of a diversified offering is the performance of non-interest income, which shows revenue not solely reliant on the net interest margin. F.N.B. Corporation achieved a record $98.2 million in non-interest income for the third quarter of 2025. This was up 7.9% from the prior quarter. Mortgage banking operations income specifically saw a significant boost, increasing by $2.9 million, or 45.6%, driven by strong sold loan volumes. The full-year 2025 projection for this revenue stream was between $355 million and $365 million. This performance helps contribute to a peer-leading efficiency ratio (non-GAAP) of 52% reported for Q3 2025. Finance: draft 13-week cash view by Friday.

F.N.B. Corporation (FNB) - Canvas Business Model: Customer Relationships

You're looking at how F.N.B. Corporation keeps its clients engaged, which is clearly tied to their organic growth metrics. The bank's stated mission is to be your primary operating bank, meaning they focus on deepening relationships to gather low-cost deposits and grow quality loans.

Dedicated private banking and asset management advisory.

F.N.B. Corporation's wealth management services include asset management, private banking, and insurance. This segment shows tangible growth; for the third quarter of 2025, Wealth Management revenues increased by $1.5 million, which is an 8.0% increase. Specifically, trust income grew by 4.7% during that period, showing continued client reliance on these advisory services.

High-touch, in-person service through the branch network.

F.N.B. Corporation is actively expanding its physical presence to support in-person service, even while pushing digital adoption. As of June 30, 2025, the company operated approximately 350 banking offices across seven states and the District of Columbia. The strategy involves adding nearly 30 new concept branch locations over the next five years, which will bring the total network to approximately 380 branches and more than 1,600 ATMs following completion. This expansion targets high-growth markets in the Southeast and Mid-Atlantic regions, like North Carolina and South Carolina, where strategic efforts have already more than doubled total deposit balances in the Palmetto state.

Here are some key metrics showing the impact of relationship-driven growth across the business:

Digital self-service and mobile banking for convenience.

The bank employs a "Clicks-to-Bricks" strategy, integrating digital tools with the physical network. The eStore® Common Application is central to this, allowing for seamless transitions between channels. Submissions for the eStore Common app increased by 108 percent between the first and second quarter of 2025. Furthermore, in the second quarter of 2025, F.N.B. Corporation introduced Business First, a bundled checking solution for small businesses, available through the Common app, which includes integrated reporting and fraud mitigation services. Data prefilling technology is included in the system to eliminate keystrokes for customers.

Relationship managers for commercial and corporate clients.

The focus on high-caliber front-line bankers and relationship depth is recognized externally. For 2025, F.N.B. Corporation earned National honors from Crisil Coalition Greenwich for Satisfaction with Relationship Manager and Advisory Capabilities of Relationship Manager for middle market clients, defined as those with $10-$500 million in sales. The bank received a total of 15 Best Bank Awards for 2025. Support roles, like the Commercial Relationship Representative 2, focus on assisting portfolio managers and relationship managers with administrative duties, loan/deposit administration, and CRM maintenance.

Focus on deepening existing customer relationships for organic growth.

Deepening relationships is explicitly cited as a driver for balance sheet expansion. For instance, the 14.7% increase in commercial leases in the third quarter of 2025 was directly attributed to deepening customer relationships. Management's focus is on organic growth across core markets, which contributed to average deposits increasing by $766.5 million in the third quarter of 2025. The bank's strategy is to grow high-quality loans and gather low-cost deposits through these deep customer connections.

• Organic growth in new and existing customer relationships drove linked-quarter average deposit increases of $155.6 million in Q2 2025.
• The loan-to-deposit ratio improved to 91% at September 30, 2025, from 92% at June 30, 2025, reflecting disciplined balance sheet management alongside relationship growth.
• The company aims for mid-single-digit period-end loan and deposit growth for the full year 2025.

F.N.B. Corporation (FNB) - Canvas Business Model: Channels

You're looking at how F.N.B. Corporation physically and digitally connects its value proposition to its customers. This is where the rubber meets the road for their 'Clicks-to-Bricks' strategy, blending a physical footprint with digital convenience. Honestly, for a regional player, their channel strategy is quite aggressive in the Mid-Atlantic and Southeast.

Physical Branch Network

F.N.B. Corporation maintains a significant physical presence, which serves as the anchor for relationship banking and complex transactions. As of late 2025, the network consists of about 350 banking offices across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia. This is set to grow, as First National Bank announced plans to add nearly 30 new branches over the next five years, targeting approximately 380 branches total.

Complete Suite of Mobile and Online Banking Services

The digital channel is clearly a major focus, evidenced by the investment in their proprietary eStore® platform. This platform aggregates product offerings across mobile, online, and in-branch kiosks. The results show traction:

• eStore interactions saw a 10% increase year-over-year as of March 2025.
• The eStore Common Application drove a 41% increase in average monthly loan applications and a 30% increase in average monthly deposit applications.
• Digital tools have helped reduce online account fraud by 52% year-over-year (as of March 2025).

This digital efficiency supports the overall financial performance; for instance, the non-GAAP efficiency ratio was a peer-leading 52% in the third quarter of 2025.

Extensive ATM Network

The ATM network is being strategically expanded to augment the branch system, aiming for broad geographic coverage and convenience. Following the planned branch additions, F.N.B. expects to operate more than 1,600 ATMs.

The Washington, D.C. subway system presence is a standout feature, establishing F.N.B. as the sole ATM provider for the Washington Metropolitan Area Transit Authority (Metro).

Here's a breakdown of the physical access points in the Mid-Atlantic region:

The bank is definitely using these high-traffic locations to increase reach.

Dedicated Contact Center for Customer Support and Operations

F.N.B. Corporation supports its channels with a dedicated Contact Center for customer support and operations. While I don't have the exact staff count or call volume for late 2025, this center works in tandem with the digital tools, such as the eStore, which allows customers to schedule appointments with bankers. This integration is part of their omnichannel approach.

Commercial Lending and Wealth Management Sales Teams

The physical channel also includes specialized sales teams embedded in key markets. For example, in Greenville and Charleston, South Carolina, downtown regional hubs house representatives for Commercial Banking, Commercial Real Estate, Small Business, Wealth Management, and Mortgage services. This structure ensures that relationship-focused services are accessible alongside standard teller and digital functions. The bank reported annualized average loan growth of 5.3% in Q2 2025, which reflects the activity of these relationship-based sales efforts.

Finance: draft 13-week cash view by Friday.

F.N.B. Corporation (FNB) - Canvas Business Model: Customer Segments

You're looking at the customer base of F.N.B. Corporation, a regional powerhouse with nearly $50 billion in total assets as of the third quarter of 2025. Their strategy is built on serving a diverse set of clients across a defined geographic footprint, which they are actively deepening.

Here's a quick look at the scale of the business supporting these segments as of September 30, 2025:

The customer segments are clearly delineated by the services F.N.B. Corporation offers, which span commercial, consumer, and wealth management solutions.

Commercial clients: corporate, small business, and investment real estate.

This group represents the larger portion of the lending activity, accounting for 63% of the total loan and lease portfolio as of the third quarter of 2025. The commercial banking solutions F.N.B. Corporation provides include:

• Corporate banking services.
• Small business banking solutions.
• Investment real estate financing.
• Government banking.

The focus on core Commercial & Industrial (C&I) lending activity is expected to continue driving growth for this segment.

Consumer clients: individuals needing deposit, mortgage, and lending products.

Consumer activity is significant, making up 37% of the loan portfolio in Q3 2025, and it was the primary driver of recent loan growth, contributing $994.7 million to the $1.0 billion increase in average loans and leases that quarter. This segment relies on the full line of consumer banking products, including:

• Deposit products, where non-interest-bearing demand deposits held a stable mix of 26% of total deposits on September 30, 2025.
• Mortgage lending.
• General consumer lending.

Wealth management clients: high-net-worth individuals and families.

F.N.B. Corporation serves this group through its dedicated Wealth Management segment, which includes asset management, private banking, and insurance offerings. This service line is a key part of their diversified financial services approach.

Government and public finance entities.

The commercial banking solutions explicitly list government banking, indicating a dedicated focus on serving public sector entities. Furthermore, F.N.B. Corporation has expanded into public finance services.

Customers across the Mid-Atlantic and Southeast (e.g., Charlotte, Pittsburgh, Baltimore).

F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, which anchors its presence in the Mid-Atlantic. The bank operates in seven states and the District of Columbia, with a major strategic focus on high-growth markets in the Southeast and Mid-Atlantic. Key metropolitan areas where customer segments are served include:

• Pittsburgh, Pennsylvania.
• Baltimore, Maryland.
• Charlotte, North Carolina.
• Charleston, South Carolina.

The bank is actively bolstering this footprint, planning to add nearly 30 new branches over the next five years, with the majority supporting expansion in North Carolina, South Carolina, Maryland, Virginia, and Washington, D.C., aiming for approximately 380 total locations. This expansion strategy is designed to rebalance the location mix, with about 50% of its offices expected to be in the Southeast region by the end of the rollout.

Finance: draft the next section's data requirements by next Tuesday.

F.N.B. Corporation (FNB) - Canvas Business Model: Cost Structure

You're looking at the expense side of F.N.B. Corporation's (FNB) engine, the costs that keep the lights on and the digital platforms running. For a bank, this structure is heavily weighted toward funding costs and the people who manage the money and relationships.

The single largest cost driver, interest expense on deposits and borrowings, isn't directly stated as an expense number in the latest reports, but we see its impact through the cost of funds. The total cost of funds for F.N.B. Corporation in Q3 2025 settled at 2.23%. Digging deeper into that funding mix, the cost for interest-bearing deposits was stable at 2.66%, while total borrowing costs declined 6 basis points to 4.65% in the third quarter of 2025. This cost structure directly impacts the Net Interest Income (NII), which hit a record $359.3 million in Q3 2025.

Operating expenses, which the prompt suggested were $2.029 billion for the TTM ending Q3 2025, are better represented by the more recent guidance. F.N.B. Corporation revised its full-year 2025 non-interest expense guidance to a range of $975 million to $985 million, signaling a disciplined approach to overhead, even while investing. The efficiency ratio for Q3 2025 was a strong 52.4%, down from 54.8% in the prior quarter, which shows they are managing these costs well relative to revenue.

Here's a breakdown of the key expense line items we can quantify from the Q3 2025 results and guidance:

Personnel costs, covering branch staff and relationship managers, are a major part of that non-interest expense. While we don't have the TTM figure, we know salaries and employee benefits increased $8.9 million year-over-year in Q2 2025, driven by strategic hiring. That's the human capital cost right there. It's a necessary investment to drive the loan and deposit growth they are seeing.

Technology and data processing expenses are clearly a focus area, as management noted investments in Artificial Intelligence and data analytics. In Q3 2025, 'Outside services' increased by $1.7 million, or 6.8%, specifically due to higher volume-related technology and third-party costs. This shows you where some of the operational spend is going to maintain that peer-leading efficiency ratio.

The PCL is a direct cost tied to risk management. For the third quarter of 2025, the provision for credit losses was set at $24.0 million. That compares to net charge-offs of $19.7 million in the same period. The allowance for credit losses (ACL) stood at $437.3 million at the end of Q3 2025.

Here are the key cost drivers that make up the non-interest expense bucket:

• Salaries and employee benefits (a major component).
• Technology and third-party costs (rising due to volume).
• General administrative and occupancy costs (implied in total OpEx).
• FDIC special assessment adjustments (a one-time item impacting Q3 2025).

If onboarding takes 14+ days, churn risk rises, which means higher replacement costs for personnel, so keeping that process tight is key.

Finance: draft 13-week cash view by Friday.

F.N.B. Corporation (FNB) - Canvas Business Model: Revenue Streams

You're looking at the core engine of F.N.B. Corporation's profitability as of late 2025, specifically focusing on the third quarter results which set several records. The revenue streams are clearly diversified, balancing traditional lending income with robust fee-based services, which is key to maintaining that peer-leading efficiency ratio of 52% (non-GAAP) in Q3 2025.

The primary driver remains the interest-earning side of the balance sheet. Net Interest Income (NII) from loans hit a record $359.3 million in Q3 2025. This represented an increase of $12.1 million, or 3.5%, compared to the linked quarter, driven by growth in earning assets and lower cost of funds. To be fair, the net interest margin (FTE) also expanded to 3.25%, up 6 basis points from Q2 2025.

Complementing this is the record Non-interest income, which totaled $98.2 million in Q3 2025. This was a 7.9% increase from the prior quarter, showing the success of their fee-based engines. Overall, these two components combined for a record total revenue of $457 million in the third quarter of 2025.

Here's a quick breakdown of how those non-interest income components contributed to that $98.2 million record:

• Mortgage banking operations income saw a 45.6% linked-quarter increase.
• Capital markets income grew by 27.1% linked-quarter.
• Wealth Management revenues were up 8.0% year-over-year.
• Other non-interest income saw a significant increase, largely due to a $5.4 million recovery on an asset previously written off.

You can see the specific growth drivers within the fee-based segments in the table below. These figures really highlight the success of their diversified business model.

Drilling down into the specialized services, F.N.B. Corporation generates substantial fees from its capital markets and wealth management operations. Capital markets income benefited from record debt capital markets and international banking income, plus activity in customer swaps, syndications, public finance, and advisory services. For instance, securities commissions and fees within Wealth Management saw a 12.6% increase.

The strength in mortgage banking operations income is explicitly tied to strong sold loan volumes, which is a direct indicator of their activity in that market segment. This is a critical part of their non-interest income mix, showing they are actively monetizing loan origination activity through sales, not just holding the loans for interest income. If onboarding takes 14+ days, churn risk rises, but here, strong sold loan volumes suggest efficient pipeline management.

The wealth management, asset management, and insurance fees are bundled into the Wealth Management revenue line, which showed consistent growth. Trust income specifically grew by 4.7%. This segment supports the overall strategy by providing sticky, fee-based revenue that is less sensitive to short-term interest rate fluctuations than pure NII. Finance: draft 13-week cash view by Friday.