F.N.B. Corp. in Hermitage, Pa., reported that its second quarter earnings rose nearly 25% from a year earlier, to $22.4 million, up nearly 25%, due largely to lower credit costs.

The $9.8 billion-asset company said late Monday that it set aside $8.5 million in loan loss provisions, down 30% from a year earlier. Nonperforming assets fell 15% from a year earlier, to $127 million.

The results were also swayed by a 10% rise in net interest income, which totaled $80 million at the end of the quarter. That improvement was driven mostly by a reduction in interest expense. However, the company did report year-over-year growth of 11.5% in its loan portfolio, which totaled $6.6 billion. Loans were also up 1.3% from the first quarter.

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