Emanuela Navis's questions to FNB Corp (FNB) leadership • Q1 2025
Question
Emanuela Navis of D.A. Davidson asked for details on the Raptor Partners acquisition, the broader M&A outlook, and the potential impact of the new direct deposit switch capability.
Answer
CEO Vincent J. Delie described the Raptor acquisition as a strategic cultural fit to build out advisory capabilities with a minimal initial earnings impact but significant long-term leverage potential. He noted bank M&A remains challenging. Regarding the new digital tool, Delie and another executive explained it is a powerful feature integrated into their onboarding process to eliminate a key barrier for customers switching banks, thereby driving client primacy and lower-cost deposits.