F.N.B. Corporation

Good day and welcome to the FNB third quarter 2026 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchtone phone. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would now like to turn the conference over to Lisa Hajdu, Manager of Investor Relations. Please go ahead.

Good morning and welcome to our earnings call. This conference call of N.B. Corporation and the reports it files with the Securities and Exchange Commission often contain forward-looking statements and non-GAAP financial measures. Non-GAAP financial measures should be viewed in addition to and not as an alternative for our reported results prepared in accordance with GAAP. Reconciliations of GAAP to non-GAAP operating measures to the most directly comparable GAAP financial measures are included in our presentation materials and in our earnings release. Please refer to these non-GAAP and forward-looking statement disclosures contained in our related materials, reports, and registration statements filed with the Securities and Exchange Commission and are available on our website. A replay of this call will be available until Tuesday, October 27th, and the webcast link will be posted to the About Us Investor Relations section of our corporate website. I will now turn the call over to Vince Delie, Chairman, President, and CEO.

Thank you and welcome to our third quarter earnings call. Joining me today are Vince Calabrese, our chief financial officer, and Gary Guerrieri, our chief credit officer. FMB reported third quarter net income of $153 million, or 43 cents per share. This brings year-to-date earnings per share to $1.23, a 13% increase over the same period in 2025. FMB produced solid revenue of $469 million, benefiting from a diverse income stream with record net interest income of $377 million. This quarter, FMB repurchased 51 million or 2.7 million shares of common stock, bringing the year-to-date buyback to 133 million or 7.4 million shares, representing 2.1% of total shares at the beginning of the year. Tangible book value per common share increased 7% year-over-year to $12.28, even with the buyback activity and negative impact of AOCI, demonstrating strong profitability levels and peer-leading internal capital generation. Total loans ended the quarter at $36.5 billion, an 8.5% annualized link order increase, FMB's loan growth has once again exceeded the published H-8 data as we continue to gain market share across our geography, led by commercial and industrial, equipment finance, consumer lending, and seasonal residential mortgage production. Annualized link quarter deposit growth of 9% also outpaced the industry, benefiting from deepening customer relationships, as well as seasonal deposit inflows. Even with the strong deposit growth and increased competition, the cost of interest-bearing deposits was stable with only a one basis point increase. Non-interest-bearing deposits ended the quarter over $10 billion, an annualized increase of 3%. The mix of non-interest-bearing deposits to total deposits ended the quarter at 26%, a level we have held for eight straight quarters. As we have frequently discussed, we utilize all our tools, including data science, to price our deposits and support our client base while protecting net interest margin. This quarter, net interest margin increased four basis points to 3.29%. The FDIC deposit market share data released in September revealed that FNB outperformed overall market deposit growth to maintain strong market share positions. We now rank in the top 10 in over 80% of our MSAs, top 5 in 50%, and top 3 in 30%. We continue to build out our fee-based platform, including our recent announcement to expand our Family Wealth program to serve ultra-high net worth clients with additional investments in specialized, sophisticated advisory services and advanced solutions. This elite wealth advisory office aligns with our strategic approach to develop and expand new high-value business units that complement our existing products and services, driving a larger percentage share of total revenue. Our leadership team has established or significantly expanded 11 business lines, including two added last year, investment banking and public finance. with both contributing to fee income this year. Investment banking has closed several deals with many opportunities in the pipeline. Public finance has participated in a number of large bond underwritings and was recently awarded a significant left lead opportunity this quarter. We remain steadfast in our approach to consistent underwriting and managing credit risk to maintain a balanced, well-positioned portfolio, enabling us to serve our customers through various business cycles. I would now like to turn the call over to Gary to discuss our credit results for the quarter. Gary?