F.N.B. Corporation Q1 Earnings Preview and Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FNB?
Source: seekingalpha
- Earnings Announcement Date: F.N.B. Corporation is set to release its Q1 earnings on April 16th after market close, with a consensus EPS estimate of $0.38, reflecting an 18.8% year-over-year increase, which could bolster investor confidence.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $454.02 million, representing a 10.3% year-over-year growth, and achieving this would further solidify the company's market position in the Southeast banking sector.
- Historical Performance Review: Over the past two years, F.N.B. has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 38% of the time, indicating a stable profitability profile.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced one upward revision and five downward revisions, reflecting a cautious market outlook on the company's future performance.
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Analyst Views on FNB
Wall Street analysts forecast FNB stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 17.730
Low
18.00
Averages
19.00
High
20.00
Current: 17.730
Low
18.00
Averages
19.00
High
20.00
About FNB
F.N.B. Corporation is a bank holding company and financial holding company. The Company operates through three segments: Community Banking, Wealth Management, and Insurance. The Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers commercial and consumer banking services. Its commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. The Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of the Community Banking segment, located primarily within its geographic markets. Its Wealth Management operations are conducted through three subsidiaries of FNBPA. The Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Company. FNIA is a full-service insurance brokerage agency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
F.N.B. Corporation Set to Report Earnings This Thursday
- Strong Revenue Growth: F.N.B. Corporation reported revenues of $460.9 million last quarter, reflecting a 12.4% year-on-year increase, which not only surpassed analyst expectations but also slightly exceeded estimates for EPS and tangible book value, indicating robust market performance.
- Optimistic Market Expectations: This quarter, the market anticipates F.N.B. Corporation's revenue to grow by 10.1% year-on-year, a significant improvement from the 1.2% increase recorded in the same quarter last year, suggesting heightened investor confidence in the company's future performance.
- Analysts Maintain Positive Outlook: Over the past 30 days, analysts covering F.N.B. Corporation have generally reaffirmed their estimates, indicating their belief that the company will continue to perform well in the upcoming earnings report, as F.N.B. rarely misses Wall Street's revenue estimates historically.
- Positive Stock Performance: F.N.B. Corporation's stock has risen by 10.8% over the past month, while the average stock price in the banking sector has increased by 9%, with the current average analyst price target set at $20.06, reflecting optimistic sentiment regarding its future growth.
See More
F.N.B. Corporation Q1 Earnings Preview and Estimates
- Earnings Announcement Date: F.N.B. Corporation is set to release its Q1 earnings on April 16th after market close, with a consensus EPS estimate of $0.38, reflecting an 18.8% year-over-year increase, which could bolster investor confidence.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $454.02 million, representing a 10.3% year-over-year growth, and achieving this would further solidify the company's market position in the Southeast banking sector.
- Historical Performance Review: Over the past two years, F.N.B. has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 38% of the time, indicating a stable profitability profile.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced one upward revision and five downward revisions, reflecting a cautious market outlook on the company's future performance.
See More
F.N.B. Corporation Announces Capital Deployment Plans
- Dividend Increase: F.N.B. Corporation has raised its quarterly cash dividend to $0.13 per share, reflecting a one-cent increase from the previous quarter, which underscores the company's sustained strong financial performance aimed at enhancing shareholder returns and boosting market confidence.
- Share Repurchase Program: The company has authorized a new $250 million share repurchase program, in addition to the remaining $50 million from the prior program, demonstrating management's confidence in future growth and aiming to enhance earnings per share by reducing the outstanding share count.
- Capital Return Achievement: Since 2009, F.N.B. has returned $2.3 billion in capital to shareholders, showcasing its long-term commitment to optimizing capital and shareholder value while maintaining an industry-leading efficiency ratio amidst economic challenges.
- Strategic Investments: The company's long-term investments in digital and data analytics capabilities, particularly the eStore® platform, have propelled organic growth and ensured a competitive edge in the market, further solidifying its position as a premier regional financial institution.
See More
F.N.B. Corporation Announces Strategic Capital Deployment Actions
- Dividend Increase: F.N.B. Corporation has announced an increase in its quarterly cash dividend to $0.13 per share, reflecting a one-cent rise from the previous quarter, which underscores the company's sustained strong financial performance aimed at enhancing shareholder returns.
- Share Repurchase Program: The company has authorized a new $250 million share repurchase program, adding to the existing $50 million from the prior program, demonstrating management's confidence in future growth and commitment to shareholder value.
- Capital Return Achievement: Since 2009, F.N.B. has returned $2.3 billion in capital to shareholders through dividends and repurchases, highlighting its long-term commitment to optimizing capital and enhancing shareholder value.
- Industry-Leading Efficiency: F.N.B. has maintained an efficiency ratio in the low-to-mid 50% range while consistently producing returns above its cost of capital, evidencing the strength of its business model and strategy, ensuring robust growth amid economic challenges.
See More
First National Bank Recognized for Workplace Excellence
- Award Recognition: First National Bank has earned its sixth consecutive Top Workplace USA award and added eight Culture Excellence awards, highlighting its ongoing commitment to employee experience and workplace culture, thereby reinforcing its leadership position in the financial services sector.
- Employee-Driven Feedback: These awards are based on employee feedback collected by independent research firm Energage, indicating significant achievements in employee engagement and satisfaction, which directly enhance client service quality and shareholder returns.
- Career Development Support: FNB is dedicated to supporting early-career employees through initiatives like the Emerging Leaders and Mentoring programs, helping staff recognize their potential and facilitating career advancement, ensuring success within the company.
- Comprehensive Benefits Package: The bank offers industry-leading 401(k) matching, mental health resources, and tuition reimbursement, demonstrating FNB's commitment to total wellness and career advancement, which further enhances employee loyalty and job satisfaction.
See More
First National Bank Recognized for Workplace Excellence
- Award Recognition: First National Bank has earned its sixth consecutive Top Workplace USA award and added eight Culture Excellence awards, highlighting its ongoing commitment to employee experience and workplace culture, thereby reinforcing its leadership position in the financial services sector.
- Employee Engagement: The bank's recognition in multiple regions as a Top Workplace indicates high employee satisfaction in markets like Pittsburgh and Baltimore, which directly enhances customer service quality and shareholder returns.
- Career Development Support: The company offers various resources for early-career employees, such as Emerging Leaders and Mentoring programs, ensuring that team members receive support and success at the start of their careers, thereby increasing employee loyalty and job satisfaction.
- Comprehensive Benefits Package: First National Bank provides an industry-leading 401(k) match, mental health resources, and tuition reimbursement, demonstrating its commitment to total wellness and career advancement, which further enhances its attractiveness as an employer.
See More
F.N.B. Corporation Set to Report Earnings This Thursday
- Strong Revenue Growth: F.N.B. Corporation reported revenues of $460.9 million last quarter, reflecting a 12.4% year-on-year increase, which not only surpassed analyst expectations but also slightly exceeded estimates for EPS and tangible book value, indicating robust market performance.
- Optimistic Market Expectations: This quarter, the market anticipates F.N.B. Corporation's revenue to grow by 10.1% year-on-year, a significant improvement from the 1.2% increase recorded in the same quarter last year, suggesting heightened investor confidence in the company's future performance.
- Analysts Maintain Positive Outlook: Over the past 30 days, analysts covering F.N.B. Corporation have generally reaffirmed their estimates, indicating their belief that the company will continue to perform well in the upcoming earnings report, as F.N.B. rarely misses Wall Street's revenue estimates historically.
- Positive Stock Performance: F.N.B. Corporation's stock has risen by 10.8% over the past month, while the average stock price in the banking sector has increased by 9%, with the current average analyst price target set at $20.06, reflecting optimistic sentiment regarding its future growth.
See More
F.N.B. Corporation Q1 Earnings Preview and Estimates
- Earnings Announcement Date: F.N.B. Corporation is set to release its Q1 earnings on April 16th after market close, with a consensus EPS estimate of $0.38, reflecting an 18.8% year-over-year increase, which could bolster investor confidence.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $454.02 million, representing a 10.3% year-over-year growth, and achieving this would further solidify the company's market position in the Southeast banking sector.
- Historical Performance Review: Over the past two years, F.N.B. has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 38% of the time, indicating a stable profitability profile.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced one upward revision and five downward revisions, reflecting a cautious market outlook on the company's future performance.
See More
F.N.B. Corporation Announces Capital Deployment Plans
- Dividend Increase: F.N.B. Corporation has raised its quarterly cash dividend to $0.13 per share, reflecting a one-cent increase from the previous quarter, which underscores the company's sustained strong financial performance aimed at enhancing shareholder returns and boosting market confidence.
- Share Repurchase Program: The company has authorized a new $250 million share repurchase program, in addition to the remaining $50 million from the prior program, demonstrating management's confidence in future growth and aiming to enhance earnings per share by reducing the outstanding share count.
- Capital Return Achievement: Since 2009, F.N.B. has returned $2.3 billion in capital to shareholders, showcasing its long-term commitment to optimizing capital and shareholder value while maintaining an industry-leading efficiency ratio amidst economic challenges.
- Strategic Investments: The company's long-term investments in digital and data analytics capabilities, particularly the eStore® platform, have propelled organic growth and ensured a competitive edge in the market, further solidifying its position as a premier regional financial institution.
See More
F.N.B. Corporation Announces Strategic Capital Deployment Actions
- Dividend Increase: F.N.B. Corporation has announced an increase in its quarterly cash dividend to $0.13 per share, reflecting a one-cent rise from the previous quarter, which underscores the company's sustained strong financial performance aimed at enhancing shareholder returns.
- Share Repurchase Program: The company has authorized a new $250 million share repurchase program, adding to the existing $50 million from the prior program, demonstrating management's confidence in future growth and commitment to shareholder value.
- Capital Return Achievement: Since 2009, F.N.B. has returned $2.3 billion in capital to shareholders through dividends and repurchases, highlighting its long-term commitment to optimizing capital and enhancing shareholder value.
- Industry-Leading Efficiency: F.N.B. has maintained an efficiency ratio in the low-to-mid 50% range while consistently producing returns above its cost of capital, evidencing the strength of its business model and strategy, ensuring robust growth amid economic challenges.
See More
First National Bank Recognized for Workplace Excellence
- Award Recognition: First National Bank has earned its sixth consecutive Top Workplace USA award and added eight Culture Excellence awards, highlighting its ongoing commitment to employee experience and workplace culture, thereby reinforcing its leadership position in the financial services sector.
- Employee-Driven Feedback: These awards are based on employee feedback collected by independent research firm Energage, indicating significant achievements in employee engagement and satisfaction, which directly enhance client service quality and shareholder returns.
- Career Development Support: FNB is dedicated to supporting early-career employees through initiatives like the Emerging Leaders and Mentoring programs, helping staff recognize their potential and facilitating career advancement, ensuring success within the company.
- Comprehensive Benefits Package: The bank offers industry-leading 401(k) matching, mental health resources, and tuition reimbursement, demonstrating FNB's commitment to total wellness and career advancement, which further enhances employee loyalty and job satisfaction.
See More
First National Bank Recognized for Workplace Excellence
- Award Recognition: First National Bank has earned its sixth consecutive Top Workplace USA award and added eight Culture Excellence awards, highlighting its ongoing commitment to employee experience and workplace culture, thereby reinforcing its leadership position in the financial services sector.
- Employee Engagement: The bank's recognition in multiple regions as a Top Workplace indicates high employee satisfaction in markets like Pittsburgh and Baltimore, which directly enhances customer service quality and shareholder returns.
- Career Development Support: The company offers various resources for early-career employees, such as Emerging Leaders and Mentoring programs, ensuring that team members receive support and success at the start of their careers, thereby increasing employee loyalty and job satisfaction.
- Comprehensive Benefits Package: First National Bank provides an industry-leading 401(k) match, mental health resources, and tuition reimbursement, demonstrating its commitment to total wellness and career advancement, which further enhances its attractiveness as an employer.
See More
