FNB Corporation delivered a solid QQ2 2024 with net income of $123 million ($0.34 per diluted share) and continued loan and deposit growth against a backdrop of rising funding costs and a volatile rate environment. Pre-provision net revenue grew more than 4% linked-quarter, supported by disciplined cost management and sustained non-interest income near record levels. The company demonstrated its ability to gain market share through diversified revenue streams, notably in mortgage banking, wealth management, treasury management, and commercial financing, while maintaining a strong capital base (CET1 10.2%) and ample liquidity (cash and equivalents of $1.88B). Management signaled the second half of 2024 would be marked by deposit initiatives and funding moves designed to improve funding mix and bring the loan-to-deposit ratio back toward historical levels, with NII positioned to trough in Q2 and improve modestly in Q3–Q4. The long-term opportunity set remains compelling, particularly in the Carolinas, Pittsburgh, Cleveland, and equipment finance, but the firm faces ongoing interest-rate and funding-cost headwinds that could influence near-term earnings trajectories. The balance sheet remains resilient, with loan growth of 3.6% QoQ and a 96% loan-to-deposit ratio, supported by non-interest bearing deposits above $10B and a 29% mix of NIB deposits, which should help protect margins if rate cuts persist.