F.N.B. in Pittsburgh said Thursday that its fourth-quarter profit fell 0.5% from a year earlier, to $37.1 million.

Earnings per share at the $17.5 billion-asset company were 22 cents, 1 cent lower than the average estimate of analysts polled by Bloomberg.

Net interest income, after a provision for credit losses, rose 1.2% to $116.7 million. Net loans and leases rose 8.1% to $12 billion. Average earning assets rose 8.5% to $15.2 billion and the net interest margin fell to 3.38% from 3.54%.

Commercial real estate loans rose 7.8% to $4.1 billion; commercial and industrial loans rose 13% to $2.6 billion.

Fee income rose 9.3% to $43.1 million, mortgage banking revenue rose 28.5% to $1.8 million and trust income rose 6.2% to $5.1 million.

Noninterest expense rose 4.7% to $101.2 million. Salary and employee benefit costs rose 5.2% to $50.5 million and occupancy and equipment expenses rose 6.4% to $16.5 million.

F.N.B. said marketing costs and outside professional services contributed to a 13.2% increase in other expense, to $26.5 million.

The efficiency ratio was 56.3%; it was better, at 55.6%, in the year-earlier quarter.

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