FNB Earnings Prediction
The chart below shows how FNB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FNB sees a -3.56% change in stock price 10 days leading up to the earnings, and a +2.50% change 10 days following the report. On the earnings day itself, the stock moves by +0.19%. This data can give you a slight idea of what to expect for the next quarter's release.
FNB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
408.00M
--
3.55%
Gross Margin
--
--
--
Operating Margin
34.31%
--
-14.33%
Net Margin
26.96%
--
-13.65%
EPS
0.30
--
-11.76%
No Data Available
FNB Earnings Analysis
F.N.B. Corp Corporation (FNB.N) Earnings Conference Call
Positive
Third Quarter Operating Income: FNB reported third quarter operating net income available to common shareholders of $122 million, or $0.34 per diluted common share after adjusting for $15 million of significant items impacting earnings.
Quality Loan Production: The third quarter's results demonstrate our ability to produce quality loans and significant deposits throughout our footprint, while maintaining stable, non-interest-bearing deposit balances at approximately $10 billion.
Quarterly Revenue and Value Growth: We generated linked quarter revenue growth, strengthened our balance sheet with the record CET1 ratio of 10.4% and drove shareholder value with tangible book value growth of 15% year-over-year and an operating return on average tangible common equity of 14%.
Auto Loan Sale Impact: During the quarter, FNB completed a $431 million indirect auto loan sale, allowing us to remove lower yielding assets from our balance sheet with minimal impact to forward earnings, while improving capital and loan to deposit ratio.
Deposit Growth Increase: Total deposits ended the quarter at $36.8 billion, an increase of 5.1% or $1.8 billion from the second quarter, benefiting from new production that was generated through successful deposit initiatives, as well as seasonal deposit inflows.
Negative
Operating Net Income Analysis: Third quarter operating net income totaled $122 million, or $0.34 per share excluding the $11.6 million loss on the indirect auto loan sale and $3.7 million of software impairment.
Non-Interest Expense Increase: Operating non-interest expense totaled $234 million, an $8.4 million increase from the prior quarter after adjusting for the significant items.
Loan Growth Increase: Total loans ended the quarter at nearly $33.7 billion, a 4.6% annualized linked quarter increase when excluding the loan sale.
Increased Operating Expenses: Operating non-interest expense was driven by higher salaries and benefits partially associated with strategic hiring necessary to grow market share and our continued investment in our risk management infrastructure.
Provision Expense Overview: Total funded provision expense for the quarter stood at $22.9 million and covered charge-offs.
FNB FAQs
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FNB Earning Call Sentiment
F.N.B. Corporation (FNB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FNB.N
-2.25%Positive
The earnings call reveals stable financial performance with record-high non-interest income and strong CET1 ratio. Despite some concerns about deposit growth impacting interest rate positions, the management shows flexibility in reducing rates. Analysts expressed mild concerns but were generally positive. The strategic positioning for interest rate benefits and strong capital deployment strategy contribute to a positive outlook. The market cap indicates a moderate reaction, leading to a prediction of a 2% to 8% stock price increase.
