FNB CORP/PA/FNB
FNB CORP/PA/ Segments Disclosure
BUSINESS SEGMENTS
We operate in three reportable segments: Community Banking, Wealth Management and Insurance.
•The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and equipment financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.
•The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage (under a third-party arrangement) and investment advisory services, mutual funds and annuities.
•The Insurance segment includes a full-service insurance brokerage service offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.
Our Chief Operating Decision Maker (CODM) is our Chief Executive Officer. The CODM uses net interest income contributions, non-interest income, salary and employee benefits and net income for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis for these measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment income contributions for evaluating pricing strategies and segment operating income to assess the performance of each segment by comparing the results of each segment with one another and in determining the compensation of certain employees.
The following table provides financial information for these segments of FNB. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of FNB, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments to reconcile to the Consolidated Financial Statements.
TABLE 24.1
| (in millions) | Community Banking | Wealth Manage- ment | Insurance | Parent and Other | Consolidated | ||||||||||||||||||||||||
| At or for the Year Ended December 31, 2025 | |||||||||||||||||||||||||||||
| Interest income | $ | 2,320 | $ | — | $ | — | $ | 6 | $ | 2,326 | |||||||||||||||||||
| Interest expense | 881 | — | — | 49 | 930 | ||||||||||||||||||||||||
| Net interest income (loss) | 1,439 | — | — | (43) | 1,396 | ||||||||||||||||||||||||
| Provision for credit losses | 86 | — | — | — | 86 | ||||||||||||||||||||||||
| Non-interest income: | |||||||||||||||||||||||||||||
| Service charges | 92 | — | — | — | 92 | ||||||||||||||||||||||||
| Interchange and card transaction fees | 52 | — | — | — | 52 | ||||||||||||||||||||||||
| Trust services | — | 48 | — | — | 48 | ||||||||||||||||||||||||
| Insurance commissions and fees | — | — | 20 | — | 20 | ||||||||||||||||||||||||
| Securities commissions and fees | — | 36 | — | — | 36 | ||||||||||||||||||||||||
| Capital markets income | 23 | — | — | 4 | 27 | ||||||||||||||||||||||||
| Mortgage banking operations | 28 | — | — | — | 28 | ||||||||||||||||||||||||
| Other | 75 | — | — | (9) | 66 | ||||||||||||||||||||||||
| Total non-interest income | 270 | 84 | 20 | (5) | 369 | ||||||||||||||||||||||||
| Non-interest expense: | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 470 | 43 | 15 | 2 | 530 | ||||||||||||||||||||||||
| Other | 416 | 12 | 5 | 47 | 480 | ||||||||||||||||||||||||
| Total non-interest expense | 886 | 55 | 20 | 49 | 1,010 | ||||||||||||||||||||||||
| Income tax expense (benefit) | 119 | 6 | — | (21) | 104 | ||||||||||||||||||||||||
| Net income (loss) | $ | 618 | $ | 23 | $ | — | $ | (76) | $ | 565 | |||||||||||||||||||
| Total assets | $ | 49,909 | $ | 48 | $ | 30 | $ | 242 | $ | 50,229 | |||||||||||||||||||
| Total loans and leases | 34,739 | — | — | 38 | 34,777 | ||||||||||||||||||||||||
| Total deposits | 39,098 | — | — | (339) | 38,759 | ||||||||||||||||||||||||
Market value of assets under administration - FNTC and FNIS (1) | — | 14,885 | — | — | 14,885 | ||||||||||||||||||||||||
| (in millions) | Community Banking | Wealth Manage- ment | Insurance | Parent and Other | Consolidated | ||||||||||||||||||||||||
| At or for the Year Ended December 31, 2024 | |||||||||||||||||||||||||||||
| Interest income | $ | 2,246 | $ | — | $ | — | $ | 6 | $ | 2,252 | |||||||||||||||||||
| Interest expense | 941 | — | — | 31 | 972 | ||||||||||||||||||||||||
| Net interest income (loss) | 1,305 | — | — | (25) | 1,280 | ||||||||||||||||||||||||
| Provision for credit losses | 79 | — | — | 1 | 80 | ||||||||||||||||||||||||
| Non-interest income: | |||||||||||||||||||||||||||||
| Service charges | 91 | — | — | — | 91 | ||||||||||||||||||||||||
| Interchange and card transaction fees | 52 | — | — | — | 52 | ||||||||||||||||||||||||
| Trust services | — | 46 | — | — | 46 | ||||||||||||||||||||||||
| Insurance commissions and fees | 1 | — | 23 | (2) | 22 | ||||||||||||||||||||||||
| Securities commissions and fees | — | 31 | — | — | 31 | ||||||||||||||||||||||||
| Capital markets income | 21 | — | — | 3 | 24 | ||||||||||||||||||||||||
| Mortgage banking operations | 27 | — | — | — | 27 | ||||||||||||||||||||||||
| Other | 31 | — | — | (8) | 23 | ||||||||||||||||||||||||
| Total non-interest income | 223 | 77 | 23 | (7) | 316 | ||||||||||||||||||||||||
| Non-interest expense: | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 445 | 45 | 14 | — | 504 | ||||||||||||||||||||||||
| Other | 426 | 9 | 5 | 17 | 457 | ||||||||||||||||||||||||
| Total non-interest expense | 871 | 54 | 19 | 17 | 961 | ||||||||||||||||||||||||
| Income tax expense (benefit) | 97 | 5 | 1 | (13) | 90 | ||||||||||||||||||||||||
| Net income (loss) | $ | 481 | $ | 18 | $ | 3 | $ | (37) | $ | 465 | |||||||||||||||||||
| Total assets | $ | 48,295 | $ | 44 | $ | 31 | $ | 255 | $ | 48,625 | |||||||||||||||||||
| Total loans and leases | 33,895 | — | — | 44 | 33,939 | ||||||||||||||||||||||||
| Total deposits | 37,973 | — | — | (866) | 37,107 | ||||||||||||||||||||||||
Market value of assets under administration - FNTC, FNBIA and FNIS (1) | — | 14,217 | — | — | 14,217 | ||||||||||||||||||||||||
| (in millions) | Community Banking | Wealth Manage- ment | Insurance | Parent and Other | Consolidated | ||||||||||||||||||||||||
| At or for the Year Ended December 31, 2023 | |||||||||||||||||||||||||||||
| Interest income | $ | 1,967 | $ | — | $ | — | $ | 6 | $ | 1,973 | |||||||||||||||||||
| Interest expense | 624 | — | — | 32 | 656 | ||||||||||||||||||||||||
| Net interest income | 1,343 | — | — | (26) | 1,317 | ||||||||||||||||||||||||
| Provision for credit losses | 72 | — | — | — | 72 | ||||||||||||||||||||||||
| Non-interest income: | |||||||||||||||||||||||||||||
| Service charges | 82 | — | — | — | 82 | ||||||||||||||||||||||||
| Interchange and card transaction fees | 52 | — | — | — | 52 | ||||||||||||||||||||||||
| Trust services | — | 43 | — | — | 43 | ||||||||||||||||||||||||
| Insurance commissions and fees | 1 | — | 22 | — | 23 | ||||||||||||||||||||||||
| Securities commissions and fees | — | 28 | — | — | 28 | ||||||||||||||||||||||||
| Capital markets income | 25 | — | — | 2 | 27 | ||||||||||||||||||||||||
| Mortgage banking operations | 21 | — | — | — | 21 | ||||||||||||||||||||||||
| Other | (15) | — | — | (7) | (22) | ||||||||||||||||||||||||
| Total non-interest income | 166 | 71 | 22 | (5) | 254 | ||||||||||||||||||||||||
| Non-interest expense: | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 406 | 41 | 14 | 1 | 462 | ||||||||||||||||||||||||
| Other | 430 | 9 | 4 | 10 | 453 | ||||||||||||||||||||||||
| Total non-interest expense | 836 | 50 | 18 | 11 | 915 | ||||||||||||||||||||||||
| Income tax expense (benefit) | 106 | 5 | 1 | (13) | 99 | ||||||||||||||||||||||||
| Net income (loss) | $ | 495 | $ | 16 | $ | 3 | $ | (29) | $ | 485 | |||||||||||||||||||
| Total assets | $ | 45,924 | $ | 40 | $ | 29 | $ | 165 | $ | 46,158 | |||||||||||||||||||
| Total loans and leases | 32,281 | — | — | 42 | 32,323 | ||||||||||||||||||||||||
| Total deposits | 35,127 | — | — | (416) | 34,711 | ||||||||||||||||||||||||
Market value of assets under administration - FNTC, FNBIA and FNIS (1) | — | 12,853 | — | — | 12,853 | ||||||||||||||||||||||||
(1) The assets under administration are not held on our Consolidated Balance Sheets.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 26, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.