F.N.B. Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported interest income was $117,637,000 compared to $107,578,000 a year ago. Net interest income was $106,946,000 compared to $93,918,000 a year ago. Income before income taxes was $40,875,000 compared to $41,977,000 a year ago. Net income available to common stockholders was $28,439,000 or $0.18 per basic and diluted share against net income was $28,955,000 or $0.21 per basic and diluted share a year ago. Return on average equity was 6.66% compared to 8.23% a year ago. Return on average tangible equity was 13.35% compared to 17.65% a year ago. Return on average assets was 0.84% compared to 0.96% a year ago. Return on average tangible assets was 0.94% compared to 1.07% a year ago. Book value per share as at December 31, 2013 was $10.49. Adjusted operating net income available to common stockholders was $32,450,000 or $0.21 per diluted share compared to $32,116,000 or $0.23 per diluted share a year ago.

For the full year, the company reported interest income was $440,386,000 compared to $431,906,000 a year ago. Net interest income was $396,042,000 compared to $372,851,000 a year ago. Income before income taxes was $169,529,000 compared to $161,565,000 a year ago. Net income available to common stockholders was $117,804,000 or $0.80 per basic and diluted share against net income available to common stockholders was $110,410,000 or $0.79 per basic and diluted share a year ago. Return on average equity was 7.78% compared to 8.02% a year ago. Return on average tangible equity was 16.19% compared to 17.62% a year ago. Return on average assets was 0.93% compared to 0.94% a year ago. Return on average tangible assets was 1.04% compared to 1.05% a year ago. Book value per share as at December 31, 2013 was $10.49.

Net charge-offs for the fourth quarter totaled $7.6 million, or 0.32% annualized, compared to $5.5 million or 0.25% annualized. For the originated portfolio, net charge-offs were 0.30% annualized compared to 0.26% annualized of average originated loans.

For the full year 2013, net interest margin is expected to narrow several basis points from 2013 due to the expectations for a continued historically low interest rate environment. Net interest income is expected to see solid growth due to the benefit of the strong organic loan and transaction deposit growth and the completed acquisitions.