F.N.B Corp. (FNB) Banks on Loans, Rates Amid Weak Asset Quality [Yahoo! Finance]
F.N.B. Corporation (FNB)
Last f.n.b. corporation earnings: 4/23 05:59 am
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Source: Yahoo! Finance
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 lending scenario. Net loans saw a CAGR of 7.8% over the same time frame. The bank is strategizing to bolster non-interest income (16.2% of total net revenues in 2023) by enhancing its product suite and expanding services. In December 2023, the company implemented a balance sheet management strategy to further enhance future profitability and improve capital positioning. These efforts, along with decent loan demand, are likely to support the top line. We expect NII to decline slightly this year and then rebound and grow 1.9% in 2025. Also, our estimate for non-interest income suggests
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News
- FNB's Workplace Culture Continues to Excel [Yahoo! Finance]Yahoo! Finance
- FNB's Workplace Culture Continues to ExcelPR Newswire
- F.N.B. Corporation (NYSE:FNB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- F.N.B. Co. (NYSE: FNB) had its price target lowered by analysts at Stephens from $16.00 to $15.00. They now have an "overweight" rating on the stock.MarketBeat
- F.N.B. Corp (FNB) Stock Slides 2.2% Despite Q1 Earnings Beat [Yahoo! Finance]Yahoo! Finance
FNB
Earnings
- 4/17/24 - Beat
FNB
Sec Filings
- 4/26/24 - Form 13F-NT
- 4/23/24 - Form 4
- 4/18/24 - Form 8-K
- FNB's page on the SEC website