F.N.B. Corporation lowered its full-year net interest income guidance to a range of $1.485 billion to $1.515 billion, citing heightened deposit competition and the impact of short-term rate changes, even as it reported record second-quarter revenue. Total revenue reached $463 million, including net interest income of $366 million and non-interest income of $97 million, while earnings per share rose 17% from a year earlier to $0.42. Period-end loans grew at a 7.5% annualized rate to $35.8 billion, driven by commercial and industrial lending and consumer loans, and average total deposits increased at a 3% annualized pace. The company maintained its full-year guidance for mid-single-digit loan and deposit growth, with non-interest income expected between $370 million and $390 million and non-interest expense tightened to $1.01 billion to $1.02 billion. Asset quality improved, with delinquencies and nonperforming loans each declining three basis points from the prior quarter, and the provision guidance was lowered to $80 million to $95 million.
F.N.B. CorpF.N.B. lowered its full-year net interest income guidance due to deposit competition and rate changes.
ASML Holding N.V.