Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
alleged, backdrop, constructing, construction, energy, Gaza, isolated, Israel, linked, military, solar, supplier, uncovered, UNREGISTERED
Removed:
added, ARRC, assist, back, composed, created, deduction, group, newly, nonperforming, outpaced, preliminary, recommended, retail, transitioning, York
Financial report summary
?Risks
- Recent volatility in the banking sector, triggered by the failures of Silicon Valley Bank and Signature Bank, may result in legislative initiatives, agency rulemaking activities, or changes in agency policies and priorities that could subject FNB and FNBPA to enhanced government regulation and supervision.
- We may experience increases in FDIC insurance assessments.
- Liquidity risk could impair our ability to fund operations and meet our obligations as they become due.
- We are subject to supervision and examination by U.S. government authorities which could result in investigations, enforcement actions, fines, and other adverse effects.
Management Discussion
- Net income available to common stockholders for the three months ended September 30, 2023 was $143.3 million or $0.40 per diluted common share, compared to $135.5 million or $0.38 per diluted common share for the three months ended September 30, 2022. On an operating basis, third quarter of 2023 earnings per diluted common share (non-GAAP) was $0.40. By comparison, third quarter of 2022 earnings per diluted common share (non-GAAP) was $0.39 on an operating basis, excluding $2.1 million (pre-tax) in merger-related significant items. The second quarter of 2023 earnings per diluted common share (non-GAAP) was $0.39 on an operating basis, excluding $0.2 million (pre-tax) of merger-related significant items.