- FNB Corp reported total deposits of $37.24 billion, closely matching the estimate of $37.4 billion.
- Loans and leases at the end of the period stood at $34.24 billion, surpassing the estimate of $34.14 billion.
- Net interest income was recorded at $323.8 million.
- The adjusted net interest margin (FTE) was 3.03%, slightly below the estimate of 3.05%.
- Cash and cash equivalents totaled $2.45 billion.
- Cash and due from banks amounted to $524 million.
- Earnings per share (EPS) were 32 cents.
- Return on average equity achieved 7.42%, exceeding the 6.76% estimate.
- Return on average assets was 0.97%.
- The net charge-offs ratio was 0.15%, better than the estimated 0.23%.
- FNB Corp experienced both sequential and year-over-year revenue growth driven by net interest income expansion and strong non-interest income.
- The company is well-positioned for various economic scenarios due to its diversified deposit base and strong risk management practices.
- Analyst recommendations include 8 buys, 1 hold, and 0 sells.
A look at Fnb Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores for F.N.B. Corporation see a promising long-term outlook for the financial services holding company. With a top score of 5 in the Value category, F.N.B. Corp is believed to offer sound value for investors. The company also scores well in Dividend at 4, indicating a favorable dividend policy. However, Growth, Resilience, and Momentum scores sit at 3, suggesting areas where F.N.B. Corp may have room for improvement.
F.N.B. Corporation, a financial services holding company with operations mainly serving consumers and small to medium-sized businesses, appears to have a solid foundation for continued success. The company’s subsidiaries, with a strong presence in Pennsylvania, northern and central Tennessee, and eastern Ohio, position F.N.B. well within its target markets. Despite some middling scores in certain areas, overall Smartkarma Smart Scores point towards a positive trajectory for F.N.B. Corp in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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