FNB News & Events

With U.S.-Iran ceasefire holding and ongoing optimism regarding a second round of diplomacy between the two sides, U.S. equities continued to make news highs on Thursday, though this time, Energy was the best performing sector as investors bought the recent dip in the oil patch.  Mid-cap drillers like Sable Offshoreand Patternson-UTIwere especially well bid with 11% and 5% gains respectively while mega-caps - Exxon Mobil, Shell, and Chevron- each rallied about 2%.  Healthcare was the worst performing sector in the S&P 500 amid emboldened animal spirits boosting higher-beta areas of the market at the expense of the defensive sectors.In the opening hour of the evening session, S&P e-minis are up another decimal point at 7,085, with Nasdaq 100 trading flat.  In commodities, June - now the active contract for WTI Crude Oil - is below $90 per barrel while May is trading above $93.  The steepening backwardation in energy - lower prices down the timeline curve - reflects the extent to which the markets are anticipating a swift normalization of the geopolitical premium.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Cohen & Steersup 0.6%ALSO HIGHER -STMicroelectronics N.V.up 1.3% after being upgraded to Outperform at MizuhoTexas Instrumentsup 1.2% after being upgraded to Neutral at MizuhoF.N.B. Corporationup 0.9%DOWN AFTER EARNINGS -Netflixdown 9.0%Alcoadown 3.6%Simmons First Nationaldown 3.2%ALSO LOWER -Trevi Therapeuticsdown 7.9% after announcing equity offeringKnight-Swift Transportationdown 2.9% after Q1 guidance cutNXP Semiconductors N.V.down 1.5% after being cut to Underperform at Mizuho

Reports Q revenue $450.3M, consensus $454.0M. "F.N.B. Corporation's first quarter earnings increased 19% from the year-ago quarter to $0.38 per diluted common share. Pre-provision net revenue (non-GAAP) increased 17% as we generated positive operating leverage of 5% with continued solid non-interest income generation and growth in net interest income," said F.N.B. Corporation Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr. "Our key performance metrics and capital ratios remain strong with return on average tangible common equity (non-GAAP) equaling 13.2% and tangible book value per share (non-GAAP) of $12.06, an increase of 11% from the year-ago-quarter. Our Company's sustained superior financial performance, investments in a resilient risk management framework and a strong balance sheet have provided FNB with flexibility to efficiently deploy capital to benefit our shareholders. As we previously announced, we increased our quarterly cash dividend 8% to $0.13 per share and authorized a new share repurchase program with a total of $300 million now available for repurchase. FNB's award-winning digital and data analytics capabilities, including the eStore(R), as well as investments in our Advisory and Capital Markets businesses and differentiated product offerings have enabled our team to continue to sustain growth and win against competitors of all sizes."