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F.N.B Corp. (FNB) Rides on Loans, Rates Amid Weak Asset Quality
Zacks Investment Research· 2024-05-13 12:41
F.N.B Corp. (FNB) is well-poised for revenue growth on the back of steady loan demand and efforts to bolster fee income. Higher interest rates and a strong balance sheet position are other tailwinds. However, rising expenses and weak asset quality are major concerns.F.N.B. Corp. is focused on its revenue growth strategy. The company’s revenues witnessed a five-year (2018-2023) CAGR of 5.4%. Net loans saw a CAGR of 7.8% over the same time frame. The company is strategizing to bolster non-interest income by e ...
FNB(FNB) - 2024 Q1 - Quarterly Report
2024-05-08 16:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the transition period from to Commission file number 001-31940 F.N.B. CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-1255406 (State or other jurisdictio ...
F.N.B. Corporation Declares Cash Dividend of $0.12 on Common Stock
Prnewswire· 2024-04-30 20:00
PITTSBURGH, April 30, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced its Board of Directors declared a quarterly cash dividend of $0.12 per share on its common stock. The dividend is payable on June 15, 2024, to shareholders of record as of the close of business on June 6, 2024. About F.N.B. CorporationF.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market cover ...
FNB's Workplace Culture Continues to Excel
Prnewswire· 2024-04-24 13:34
Additional National Awards Demonstrate Strength of Company, Leadership and Employee Experience PITTSBURGH, April 24, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that its banking subsidiary, First National Bank, has been honored as a Top Workplaces National Culture Excellence Awards winner by Energage, an independent research firm specializing in workplace engagement and organizational health. Based solely on internal feedback, the awards highlight the priority the Company places on e ...
F.N.B. Corp (FNB) Stock Slides 2.2% Despite Q1 Earnings Beat
Zacks Investment Research· 2024-04-18 12:56
F.N.B. Corporation’s (FNB) first-quarter 2023 adjusted earnings per share of 34 cents outpaced the Zacks Consensus Estimate by a penny. However, the bottom line reflects a decline of 15% from the prior-year quarter.The results were primarily aided by a decline in provisions and higher non-interest income. However, lower net interest income (NII), a fall in average loans and deposits balance and an increase in expenses were the undermining factors. Probably due to these concerns, shares of the company lost 2 ...
FNB(FNB) - 2024 Q1 - Quarterly Results
2024-04-18 11:31
F.N.B. Corporation Reports First Quarter 2024 Earnings Reports Record Tangible Common Equity Ratio (non-GAAP) of 8.0% and Strong Non-Interest Income of $87.9 Million On an operating basis, first quarter of 2024 earnings per diluted common share (non-GAAP) was $0.34, excluding $0.02 of significant items impacting earnings per diluted common share. By comparison, the first quarter of 2023 was $0.40 per diluted common share (non-GAAP) on an operating basis, excluding less than $0.01 of significant items impact ...
Compared to Estimates, F.N.B. (FNB) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-17 23:31
F.N.B. (FNB) reported $406.87 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.2%. EPS of $0.34 for the same period compares to $0.40 a year ago.The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $406.26 million. With the consensus EPS estimate being $0.33, the EPS surprise was +3.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...
F.N.B. (FNB) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-04-17 22:46
F.N.B. (FNB) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.03%. A quarter ago, it was expected that this financial holding company would post earnings of $0.35 per share when it actually produced earnings of $0.38, delivering a surprise of 8.57%.Over the last four quarters, the co ...
F.N.B. Corporation Reports First Quarter 2024 Earnings
Prnewswire· 2024-04-17 20:30
Reports Record Tangible Common Equity Ratio (non-GAAP) of 8.0% and Strong Non-Interest Income of $87.9 Million PITTSBURGH, April 17, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) reported earnings for the first quarter of 2024 with net income available to common stockholders of $116.3 million, or $0.32 per diluted common share. Comparatively, first quarter of 2023 net income available to common stockholders totaled $144.5 million, or $0.40 per diluted common share, and fourth quarter of 2023 net incom ...
Will F.N.B. (FNB) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-16 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? F.N.B. (FNB) , which belongs to the Zacks Banks - Southeast industry, could be a great candidate to consider.When looking at the last two reports, this financial holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 9.84%, on average, in the last two quarters.For the last reported quarter, F. ...