FNB (FNB) Q3 FY2025 earnings: revenue $457 million, up 10.9% on the year
FNB Corp. (FNB) reported revenue of $457 million for Q3 FY2025, the quarter ended 30 September 2025, up 10.9% on the same quarter a year earlier. Net income was $150 million, up 36.4% on the year, and diluted earnings per share $0.41. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2025.
Revenue$457 millionup 10.9%
Net income$150 millionup 36.4%
Diluted EPS$0.41
QuarterQ3 FY2025ended 30 September 2025
The quarter, against the one before and a year earlier
| Line | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue | 457 | 439 | 412 | +10.9% |
| Pre-tax income | 190 | 166 | 140 | +35.7% |
| Income tax | 40.0 | 36.0 | 30.0 | +33.3% |
| Effective tax rate | 21.1% | 21.7% | 21.4% | |
| Net income | 150 | 130 | 110 | +36.4% |
| Net margin | 32.8% | 29.6% | 26.7% | |
| Diluted EPS | $0.41 | $0.36 | $0.30 | +36.7% |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow and capital returned
| Line | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 167 | 123 | -14.0 | n/a |
| Capital expenditure | 18.0 | 38.0 | 32.0 | -43.8% |
| Free cash flow | 149 | 85.0 | -46.0 | n/a |
| Cash from investing | -256 | -681 | 31.0 | n/a |
| Cash from financing | 75.0 | 540 | 181 | -58.6% |
| Depreciation and amortisation | 18.0 | 19.0 | 17.0 | +5.9% |
| Buybacks | 12.0 | 10.0 | 0.0 | n/a |
| Dividends paid | 44.0 | 43.0 | 44.0 | +0.0% |
| Dividend per share | $0.12 | $0.12 | $0.12 | +0.0% |
| Diluted shares, weighted | 362m | 362m | 362m | -0.2% |
| Shares outstanding at period end | 358m | 359m | 360m | -0.4% |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 6,636 | 6,524 | 6,249 | +6.2% |
| Deposits | 38,441 | 37,748 | 36,771 | +4.5% |
| Short-term borrowings | 1,905 | 1,876 | 1,562 | +22.0% |
| Debt | 2,099 | 2,692 | 2,515 | -16.5% |
| Other liabilities | 808 | 885 | 879 | -8.1% |
| Total liabilities and equity | 49,889 | 49,725 | 47,976 | +4.0% |
| Goodwill | 2,480 | 2,480 | 2,478 | +0.1% |
| Intangible assets | 40.0 | 44.0 | 56.0 | -28.6% |
| Securities held for sale or to maturity | 3,620 | 3,580 | 3,494 | +3.6% |
| Loans | 34,520 | 34,247 | 33,297 | +3.7% |
| Cash and equivalents | 2,413 | 2,427 | 2,078 | +16.1% |
| Other assets | 6,816 | 6,947 | 6,573 | +3.7% |
| Total assets | 49,889 | 49,725 | 47,976 | +4.0% |
Quarterly results, the last 12 quarters
| Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 407 | 338 | 407 | 404 | 412 | 373 | 411 | 439 | 457 | 458 | 450 | 463 |
| Interest expense | 187 | 207 | 224 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | 164 | 59.0 | 156 | 157 | 140 | 102 | 148 | 166 | 190 | 165 | 174 | 188 |
| Tax rate | 12% | 14% | 22% | 22% | 21% | -8% | 21% | 22% | 21% | -2% | 21% | 21% |
| Net income | 145 | 51.0 | 122 | 123 | 110 | 110 | 117 | 130 | 150 | 168 | 137 | 149 |
| Net margin | 36% | 15% | 30% | 30% | 27% | 29% | 28% | 30% | 33% | 37% | 30% | 32% |
| Diluted EPS | $0.40 | $0.12 | $0.32 | $0.34 | $0.30 | $0.31 | $0.32 | $0.36 | $0.41 | $0.47 | $0.38 | $0.42 |
| Operating cash flow | 294 | -20.0 | 245 | 85.0 | -14.0 | 326 | 64.0 | 123 | 167 | 128 | 151 | 258 |
| Capital expenditure | 11.0 | 17.0 | 29.0 | 30.0 | 32.0 | 48.0 | 21.0 | 38.0 | 18.0 | 29.0 | 18.0 | 17.0 |
| Free cash flow | 283 | -37.0 | 216 | 55.0 | -46.0 | 278 | 43.0 | 85.0 | 149 | 99.0 | 133 | 241 |
| Buybacks | 0.0 | -1.0 | 0.0 | 3.0 | 0.0 | 0.0 | 10.0 | 10.0 | 12.0 | 18.0 | 35.0 | 47.0 |
| Dividends paid | 43.0 | 44.0 | 44.0 | 43.0 | 44.0 | 44.0 | 44.0 | 43.0 | 44.0 | 43.0 | 43.0 | 47.0 |
| Shares outstanding | 359m | 359m | 360m | 360m | 360m | 360m | 360m | 359m | 358m | 357m | 356m | 353m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Source
10-Q for the period ended 30 September 2025, filed 5 November 2025, accession 0000037808-25-000135: the filing on EDGAR. All of FNB Corp.'s filings: EDGAR company page.
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