F.N.B. Corporation (NYSE:FNB) Q3 2022 Earnings Conference Call October 19, 2022 8:30 AM ET

Company Participants

Lisa Constantine - Manager of Investor Relations

Vince Delie - Chairman, President and Chief Executive Officer

Gary Guerrieri - Chief Credit Officer

Vince Calabrese - Chief Financial Officer

Conference Call Participants

Jared Shaw - Wells Fargo Securities

Daniel Tamayo - Raymond James

Casey Haire - Jefferies

Michael Perito - KBW

Brandon King - Truist Securities

Brian Martin - Janney Montgomery

Operator

Good morning, everyone, and welcome to the F.N.B. Corporation’s Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note today’s event is being recorded.

At this time, I would now like to turn the floor over to Lisa Constantine, Manager of Investor Relations. Ma’am, you may begin.

Lisa Constantine

Thank you. Good morning and welcome to our earnings call. This conference call of F.N.B. Corporation and the reported files with the Securities and Exchange Commission also 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 compatible GAAP financial measures are included in our presentation material 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 available on our corporate website. A replay of this call will be available until Wednesday, October 26 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.

Vince Delie

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.

FNB’s third quarter operating earnings per share totaled a record $0.39, increasing 26% on a linked quarter basis. The success of this quarter was highlighted by record revenue, high quality loan and deposit growth, digital technology enhancements, and continued positive credit quality performance. We were also pleased to receive all regulatory approvals for our pending merger with UB Bancorp and anticipate the merger to close and convert in December of this year. We are looking forward to welcoming Union Bank employees and clients to FNB. We are confident that they will benefit from our deep product suite and robust digital tools.