F.N.B. Corp (FNB) Stock Slides 2.2% Despite Q1 Earnings Beat [Yahoo! Finance]
F.N.B. Corporation (FNB)
Last f.n.b. corporation earnings: 4/23 05:59 am
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US:NYSE Investor Relations:
fnb-online.com/about-us/investor-relations-shareholder-services
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Source: Yahoo! Finance
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 2.2% in the after-market trading following the earnings release. After considering significant items, net income available to common stockholders was $116.3 million, down 19.5% year over year. Our estimate for the metric was $115 million. Revenues Decline, Expenses Rise Quarterly net revenues were $406.9 million, down 2.2% from the year-earlier quarter. The top line marginally beat the Zacks Consensus Estimate of $406.3 million. NII was $319 million, down 5.3%. The fall was mainly due to higher deposit costs, partly offset by growth in earning assets and higher earning asset yields. Our estimate for NII wa
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News
- F.N.B. Corporation Declares Cash Dividend of $0.12 on Common StockPR Newswire
- 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
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