F.N.B. Reports Q1 Earnings with Mixed Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FNB?
Source: seekingalpha
- Earnings and Revenue: F.N.B. reported a Q1 non-GAAP EPS of $0.38, meeting expectations, but its revenue of $431.8 million, reflecting a 4.9% year-over-year increase, fell short by $22.22 million, indicating a struggle in revenue growth.
- Loan and Lease Growth: Average loans and leases totaled $34.9 billion, an increase of $849.4 million, or 2.5%, driven by a $1.1 billion rise in consumer loans, demonstrating the effectiveness of the company's expansion strategy in consumer credit.
- Deposit Situation: Average deposits reached $38.4 billion, up $1.4 billion or 3.8%, with a $1.0 billion increase in money market deposits, indicating a customer preference for liquid products despite declines in savings deposits.
- Interest Income and Costs: Net interest income totaled $359.3 million, a decrease of $6.2 million linked-quarter, primarily due to fewer days in the current quarter and lower yields on earning assets, reflecting the impact of the prevailing interest rate environment on bank profitability.
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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: 17.890
Low
18.00
Averages
19.00
High
20.00
Current: 17.890
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. Reports Q1 Earnings with Mixed Results
- Earnings and Revenue: F.N.B. reported a Q1 non-GAAP EPS of $0.38, meeting expectations, but its revenue of $431.8 million, reflecting a 4.9% year-over-year increase, fell short by $22.22 million, indicating a struggle in revenue growth.
- Loan and Lease Growth: Average loans and leases totaled $34.9 billion, an increase of $849.4 million, or 2.5%, driven by a $1.1 billion rise in consumer loans, demonstrating the effectiveness of the company's expansion strategy in consumer credit.
- Deposit Situation: Average deposits reached $38.4 billion, up $1.4 billion or 3.8%, with a $1.0 billion increase in money market deposits, indicating a customer preference for liquid products despite declines in savings deposits.
- Interest Income and Costs: Net interest income totaled $359.3 million, a decrease of $6.2 million linked-quarter, primarily due to fewer days in the current quarter and lower yields on earning assets, reflecting the impact of the prevailing interest rate environment on bank profitability.
See More
F.N.B. Corporation Reports 19% Increase in Q1 2026 Net Income
- Net Income Growth: F.N.B. Corporation reported a net income of $137 million for Q1 2026, representing a 19% increase from $116.5 million in Q1 2025, with diluted earnings per share rising from $0.32 to $0.38, indicating a significant enhancement in profitability that boosts investor confidence.
- Sustainable Growth: The company achieved non-interest income of $91 million, a 3.7% year-over-year increase, with capital markets income surging by 27.8%, reflecting successful diversification of revenue sources and further solidifying its market position.
- Increased Shareholder Returns: F.N.B. announced an 8% increase in its quarterly cash dividend to $0.13 per share and initiated a $300 million share repurchase program, demonstrating its commitment to enhancing shareholder value while boosting market expectations for future growth.
- Strong Capital Ratios: As of March 31, 2026, the common equity tier 1 capital ratio stood at 11.4%, up from 10.7% in the prior year, showcasing robust capital management that provides a solid foundation for future expansion.
See More
F.N.B. Corporation Reports 19% Increase in Q1 2026 Net Income
- Net Income Growth: F.N.B. Corporation reported a net income of $137 million for Q1 2026, representing a 19% increase from $116.5 million in Q1 2025, with diluted earnings per share rising from $0.32 to $0.38, indicating a significant enhancement in profitability that boosts investor confidence.
- Strong Capital Returns: The return on average tangible common equity stood at 13.2%, while tangible book value per share increased to $12.06, an 11.4% rise from the previous year, reflecting effective strategies in capital management and shareholder returns.
- Loan and Deposit Growth: Average loans and leases totaled $34.9 billion, a 2.5% increase year-over-year, driven by a $1.1 billion rise in consumer loans, indicating strong market demand; concurrently, average deposits grew to $38.4 billion, up 3.8%, further solidifying the company's funding base.
- Dividend and Buyback Plans: The company announced an 8% increase in its quarterly cash dividend to $0.13 per share and authorized a new $300 million stock repurchase program, demonstrating confidence in future growth and commitment to shareholders.
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 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 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. Reports Q1 Earnings with Mixed Results
- Earnings and Revenue: F.N.B. reported a Q1 non-GAAP EPS of $0.38, meeting expectations, but its revenue of $431.8 million, reflecting a 4.9% year-over-year increase, fell short by $22.22 million, indicating a struggle in revenue growth.
- Loan and Lease Growth: Average loans and leases totaled $34.9 billion, an increase of $849.4 million, or 2.5%, driven by a $1.1 billion rise in consumer loans, demonstrating the effectiveness of the company's expansion strategy in consumer credit.
- Deposit Situation: Average deposits reached $38.4 billion, up $1.4 billion or 3.8%, with a $1.0 billion increase in money market deposits, indicating a customer preference for liquid products despite declines in savings deposits.
- Interest Income and Costs: Net interest income totaled $359.3 million, a decrease of $6.2 million linked-quarter, primarily due to fewer days in the current quarter and lower yields on earning assets, reflecting the impact of the prevailing interest rate environment on bank profitability.
See More
F.N.B. Corporation Reports 19% Increase in Q1 2026 Net Income
- Net Income Growth: F.N.B. Corporation reported a net income of $137 million for Q1 2026, representing a 19% increase from $116.5 million in Q1 2025, with diluted earnings per share rising from $0.32 to $0.38, indicating a significant enhancement in profitability that boosts investor confidence.
- Sustainable Growth: The company achieved non-interest income of $91 million, a 3.7% year-over-year increase, with capital markets income surging by 27.8%, reflecting successful diversification of revenue sources and further solidifying its market position.
- Increased Shareholder Returns: F.N.B. announced an 8% increase in its quarterly cash dividend to $0.13 per share and initiated a $300 million share repurchase program, demonstrating its commitment to enhancing shareholder value while boosting market expectations for future growth.
- Strong Capital Ratios: As of March 31, 2026, the common equity tier 1 capital ratio stood at 11.4%, up from 10.7% in the prior year, showcasing robust capital management that provides a solid foundation for future expansion.
See More
F.N.B. Corporation Reports 19% Increase in Q1 2026 Net Income
- Net Income Growth: F.N.B. Corporation reported a net income of $137 million for Q1 2026, representing a 19% increase from $116.5 million in Q1 2025, with diluted earnings per share rising from $0.32 to $0.38, indicating a significant enhancement in profitability that boosts investor confidence.
- Strong Capital Returns: The return on average tangible common equity stood at 13.2%, while tangible book value per share increased to $12.06, an 11.4% rise from the previous year, reflecting effective strategies in capital management and shareholder returns.
- Loan and Deposit Growth: Average loans and leases totaled $34.9 billion, a 2.5% increase year-over-year, driven by a $1.1 billion rise in consumer loans, indicating strong market demand; concurrently, average deposits grew to $38.4 billion, up 3.8%, further solidifying the company's funding base.
- Dividend and Buyback Plans: The company announced an 8% increase in its quarterly cash dividend to $0.13 per share and authorized a new $300 million stock repurchase program, demonstrating confidence in future growth and commitment to shareholders.
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 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 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
