FNB

Recognition of Leadership: Vincent J. Delie, Jr., CEO of F.N.B. Corporation, has been named one of the top 50 CEOs in the U.S. by Brand Finance, ranking among the top five bank CEOs due to his leadership qualities and commitment to innovation, particularly in Artificial Intelligence.

Workplace Culture Excellence: Under Delie's leadership, FNB has received multiple awards for workplace culture, including recognition for leadership, innovation, purpose and values, and work-life flexibility, highlighting the company's focus on employee success and engagement.

Top Stock Picks: Analysts recommend three stocks as Strong Buys: Walt Disney (DIS) with a 49.36% upside, Lam Research (LRCX) with a 50.91% upside, and FNB Corp. (FNB) with a 30.85% upside based on recent ratings from top analysts.

Analyst Rankings: TipRanks provides real-time rankings of financial analysts, highlighting their success rates and profitability, with the featured analysts earning five-star ratings for their accurate stock recommendations.

Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including Wolverine World Wide, F.N.B. Corporation, Banner Corporation, Norwegian Cruise Line Holdings, and Innospec Inc., with price targets set for each stock.

Current Stock Performance: The closing prices of the stocks mentioned show varying performance, with Wolverine World Wide at $10.79, F.N.B. Corporation at $12.61, Banner Corporation at $60.49, Norwegian Cruise Line at $16.38, and Innospec Inc. at $85.92.

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Analyst Upgrade: Keefe Bruyette has upgraded F.N.B. (FNB) to Outperform from Market Perform, maintaining a price target of $16.50, citing a favorable risk/reward profile due to the company's growth outlook and strong capital position.

Stock Performance Insight: Despite a 15% decline year-to-date, the analyst believes the stock's downside is limited, supported by F.N.B.'s diversified loan portfolio and record capital levels.

U.S. Stock Market Overview: U.S. stock futures rose ahead of the long weekend, with major indices showing gains in premarket trading despite a recent sell-off in the semiconductor sector due to export restrictions on Nvidia. The Federal Reserve Chairman indicated that there would be no immediate "Fed put" to support the market.

Economic Indicators and Gold Prices: While U.S. industrial production fell slightly, retail sales exceeded expectations. Gold prices reached an all-time high, attributed to a shift away from the U.S. dollar by foreign central banks, raising concerns about the dollar's status as the world's reserve currency.

Earnings Reports: Major companies like Netflix, UnitedHealth Group, F.N.B. Corp., Taiwan Semiconductor Manufacturing Co., and D.R. Horton are set to release their quarterly earnings, with expectations for Netflix at $5.72 per share and UnitedHealth at $7.29 per share.

Market Reactions: Following these earnings announcements, stock movements were noted, including a 5% increase in F.N.B. shares and a slight decline in shares of Netflix and UnitedHealth in after-hours trading.

Q1 Financial Performance: F.N.B. reported a Q1 loan loss provision of $17.5 million, an increase from $13.9 million the previous year, and an EPS of 32 cents, surpassing the consensus estimate of 30 cents.

Stock Price Adjustments: Wells Fargo and BofA have lowered F.N.B.'s price targets to $16 and $17 respectively, while the company has entered into an agreement to acquire Raptor Partners, with undisclosed terms.

Q1 Financial Performance: F.N.B. Corporation reported Q1 revenue of $411.6M, exceeding consensus estimates, with earnings per share at $0.32 and notable growth in tangible book value and capital ratios.

Strategic Growth Initiatives: The company experienced loan and deposit growth of 3.5% and 1.4%, respectively, attributed to investments in technology and digital banking, while maintaining strong asset quality and a conservative approach to credit risk management.

Earnings Performance: F.N.B. Corporation reported a Q1 Non-GAAP EPS of $0.32, exceeding expectations by $0.02, with revenue of $411.6 million, reflecting a 1.2% year-over-year increase and beating estimates by $1.94 million.

Investment Outlook: The company is being upgraded to a "Buy" rating, although there are concerns regarding potential risks associated with tariffs.

Financial Performance Overview: F.N.B. Corporation reported a net income of $116.5 million for Q1 2025, showing slight growth from the previous year and quarter, with stable operating earnings per share at $0.32. The bank also achieved a record Common Equity Tier 1 capital ratio of 10.7% and experienced growth in loans and deposits.

Asset Quality and Expenses: Asset quality remained strong with low net charge-offs and stable delinquency rates, while non-interest expenses increased by 4.1% due to strategic hiring and technology investments. The efficiency ratio rose slightly, indicating a minor decline in operational efficiency despite overall positive financial trends.

New Digital Feature Launch: F.N.B. Corporation has introduced an automated Direct Deposit Switch service to simplify the bank onboarding process, allowing customers to easily move their payroll direct deposits to FNB accounts through Online or Mobile Banking.

Enhanced Customer Experience: This feature is part of FNB's broader digital strategy aimed at improving client acquisition and engagement, with expectations to further enable clients to transfer recurring debit transactions later in 2025.

Acquisition Announcement: F.N.B. has announced the acquisition of Raptor Partners, an investment bank specializing in financial advisory services, with the deal expected to close in the second quarter.

Leadership Transition: Craig Wolfanger, the founder and president of Raptor Partners, will join F.N.B. as managing director and head of investment banking following the acquisition.

Acquisition Announcement: F.N.B. Corporation has entered into a definitive agreement to acquire Raptor Partners LLC, an independent investment banking firm, to enhance its financial advisory services and diversify non-interest income.

Strategic Benefits: The acquisition is expected to bolster FNB's capital markets capabilities and provide comprehensive advisory services to clients throughout their business life cycle, with the transaction anticipated to close in the second quarter of 2025.

Earnings Report: F N B|FL reported quarterly earnings of $0.32 per share, surpassing estimates of $0.30, but revenue of $411.61 million fell short of expectations by approximately $2.71 million.

Insider Trading and Analyst Ratings: In the past six months, there have been three insider trades (one purchase and two sales), while 184 institutional investors increased their holdings in $FNB stock, with one firm issuing a buy rating and none issuing sell ratings.

Earnings Report Announcement: F.N.B. Corporation plans to release its financial results for the first quarter of 2025 on April 16, followed by a conference call on April 17 at 8:30 AM ET to discuss the results.

Company Overview: F.N.B. Corporation is a diversified financial services company based in Pittsburgh, operating across seven states and the District of Columbia, with total assets nearing $49 billion and approximately 350 banking offices.

Recognition of F.N.B. Corporation: F.N.B. Corporation's subsidiary, First National Bank, has been named a Top Workplace USA for the fifth consecutive year, based on employee feedback, highlighting its strong leadership and people-centric culture.

Awards and Achievements: The company has received over 70 workplace and cultural excellence awards, including recognition as one of Newsweek's America's Most Admired Workplaces for 2025, showcasing its commitment to innovation, employee well-being, and community responsibility.

ETF Analyst Target Prices: The iShares Select Dividend ETF (DVY) has an implied analyst target price of $149.94, indicating a potential upside of 12.59% from its current trading price of $133.17.

Notable Holdings with Upside: Key holdings within DVY, such as Chemours Co, Smurfit Westrock plc, and FNB Corp, show significant upside potential based on analysts' target prices, ranging from approximately 37.44% to 55.56%.

Price Target Adjustment: BofA analyst Brandon Berman has lowered the price target for F.N.B. (FNB) from $18 to $17 while maintaining a Buy rating, reflecting a 6% average decrease in price targets across bank coverage due to worsening growth and rising capital costs.

Economic Outlook: The firm acknowledges heightened recession risks amid equity market selloffs but does not anticipate an outright recession as its base case; it suggests potential investment in strong banking franchises if economic adjustments lead to improved growth.

F.N.B. Corporation Awards: F.N.B. Corporation has received 15 Best Bank Awards from Crisil Coalition Greenwich for its exceptional service to small and middle market business clients, marking a total of over 115 awards in 14 years.

Recognition Criteria: The awards recognize banks that excel in providing high-quality service, innovative digital tools, and insights to optimize business performance, based on feedback from over 25,000 business interviews across the U.S.