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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. ...
Why Earnings Season Could Be Great for F.N.B. Corp (FNB)
Zacks Investment Research· 2024-04-16 13:41
Investors are always looking for stocks that are poised to beat at earnings season and F.N.B. Corporation (FNB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because F.N.B. Corp is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...
F.N.B. (FNB) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Zacks Investment Research· 2024-04-10 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when F.N.B. (FNB) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 17. On the othe ...
F.N.B. Corporation Schedules First Quarter 2024 Earnings Report and Conference Call
Prnewswire· 2024-04-02 19:00
PITTSBURGH, April 2, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that it plans to issue financial results for the first quarter of 2024 after the market close on Wednesday, April 17, 2024. Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr., Chief Financial Officer, Vincent J. Calabrese, Jr., and Chief Credit Officer, Gary L. Guerrieri, plan to host a conference call to discuss the Company's financial results on Thursday, April 18, 2024, at 8:30 AM ET. Participants ...
F.N.B. Corporation Has Further Upside Thanks To Shrewd Interest Rate Actions
Seeking Alpha· 2024-03-31 10:07
PaulMcKinnon Shares of F.N.B. Corporation (NYSE:FNB) are trading near a 52-week high, up 19% from a year ago, which has lagged the S&P 500’s 30+% return over this period. Most regional banks have been underperformers over the past 12-18 months, given the challenges caused by the Q1 2023 banking crisis, though FNB has acquitted itself fairly well. Additionally, since recommending shares as a buy in November, FNB has returned over 18%, a bit ahead of the S&P 500’s 15% return. I have been impressed by rece ...
FNB Achieves Fourth Consecutive Top Workplace USA Honor
Prnewswire· 2024-03-20 13:30
National Awards Highlight Strength of Employee Experience PITTSBURGH, March 20, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today that its largest subsidiary, First National Bank, has been named a Top Workplace USA for a fourth consecutive year. Presented by Energage and USA Today, FNB has now appeared on the Top Workplaces USA list each year since it was launched in 2021. Energage, an independent research firm specializing in workplace engagement and organizational health, compiles its a ...
F.N.B Corp. (FNB) Banks on Loans, Rates Amid Weak Asset Quality
Zacks Investment Research· 2024-03-07 15:31
F.N.B Corp. (FNB) is well-poised for revenue growth on the back of steady loan demand and strong fee income. Higher interest rates and a strong balance sheet position will continue to support its financials. However, rising expenses and weak asset quality remain major near-term concerns.F.N.B. Corp. is focused on its revenue growth strategy. The company’s revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 5.4%, despite recording a decline in 2021 due to lower rates and a dismal ...