Key Takeaways Moody's put six regional banks on a review for possible downgrades because of their exposure to potentially risky real estate loans. Those under review are First Merchants, F.N.B., Fulton Financial, Old National Bancorp, Peapack-Gladstone Financial, and WaFd. Moody's said "higher-for-longer interest rates" highlight the risk banks face holding commercial real estate paper. Shares of six regional banks declined Friday, a day after Moody's placed them on a long-term ratings review for possible d ...

It has been about a month since the last earnings report for F.N.B. (FNB) . Shares have added about 10.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is F.N.B. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. F.N.B. Corp Q1 Earnings Beat, Provisions Decline Y/Y F.N ...

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 ...

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 ...

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 ...

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 ...

Company Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Kelly Motta - KBW Nick Lorenzoni - Stephens Brian Martin - Janney Montgomery Lisa Hajdu I will now turn the call over to Vince Delie, Chairman, President and CEO. In addition, our company reported solid loan growth of 6% and deposit growth of 2% on a year-over-year basis. Deposit mix remained similar to the prior quarter with a favorable total deposit cost of less than 2%, which is This past decade also included the launch of ...

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 ...

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 ...

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 ...