F.N.B. Corporation (NYSE:FNB) Q2 2022 Earnings Conference Call July 21, 2022 8:30 AM ET

Company Participants

Lisa Constantine - Investor Relations

Vince Delie - Chairman, President & Chief Executive Officer

Gary Guerrieri - Chief Credit Officer

Vince Calabrese - Chief Financial Officer

Conference Call Participants

Timur Braziler - Wells Fargo Securities

Daniel Tamayo - Raymond James

Michael Perito - KBW

Russell Gunther - D.A. Davidson

Brian Martin - Janney

Operator

Good morning and welcome to the F.N.B. Corporation Second 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. Please note this event is being recorded.

I would now like to turn the conference over to Lisa Constantine with Investor Relations. Please go ahead.

Lisa Constantine

Thank you. Good morning and welcome to our second quarter 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 measure -- 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 Thursday, July 28th 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. Welcome to our second quarter earnings call. Joining me today are Vince Calabrese, our Chief Financial Officer; and Gary Guerrieri, our Chief Credit Officer.

The second quarter's earnings per share totaled $0.31 on an operating basis, up 19% linked-quarter. FNB continued to execute its strategic plan in the second quarter with record loan growth of $1.3 billion on a spot basis excluding PPP.

We maintained a favorable deposit mix in a rising rate environment even as seasonal outflows occurred this quarter. We achieved record revenue of $336 million with 8% linked-quarter growth in net interest income and our fee businesses continue to exhibit the benefits of diversification with 5% net growth.