F.N.B. Corporation announced on December 16 2025 the launch of its Payment Switch service, a new feature that lets customers move recurring ACH or debit‑card payments directly into F.N.B. accounts through the bank’s Direct Mobile Banking App. The switch automatically updates payment details with merchants, allowing a single change to propagate across multiple recurring‑payment relationships in near real‑time.
The service is built on a partnership with fintech firm Atomic, in which F.N.B. holds an ownership stake. Payment Switch is projected to cover roughly 80‑90 % of all recurring‑payment volumes nationwide, including streaming, food delivery, ride‑share, car‑leasing, and utilities. By eliminating the need for customers to log into each merchant’s site, the feature is designed to increase customer primacy and accelerate new account openings as part of F.N.B.’s broader omnichannel strategy.
CEO Vincent J. Delie, Jr. said the launch is a key step in the bank’s “Clicks‑to‑Bricks” strategy, which seeks to make F.N.B. the primary operating bank for consumers by blending digital onboarding with physical branch support. The Payment Switch is expected to deepen customer engagement, streamline the banking experience, and create cross‑sell opportunities across the bank’s product suite.
F.N.B.’s Q3 2025 results—revenue of $457 million and net income of $149.5 million—beat analyst expectations, driven by strong net‑interest income and non‑interest income growth. The earnings beat reflects disciplined cost management and a favorable mix of high‑margin retail and commercial banking activities, providing the financial foundation for investing in digital initiatives like Payment Switch.
Comparing to prior periods, Q3 2024 net income was $110.1 million and Q2 2025 net income was $130.7 million, showing a clear acceleration in profitability. The new service builds on the existing Direct Deposit Switch, which already allows customers to move payroll deposits to F.N.B. accounts, further consolidating the bank’s payment‑processing capabilities.
The launch positions F.N.B. to compete more effectively in the digital banking space, offering a seamless, friction‑free way for customers to manage recurring payments. By simplifying the process, the bank expects to increase customer retention, attract new accounts, and strengthen its omnichannel footprint.
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