F.N.B. Corp
FNB
ISIN US3025201019 / Valor 931177
F.N.B. Corp
UMushroom community rating:
About company
F.N.B. Corp is a leading bank holding company in the U.S. that has experienced significant growth under the leadership of its executives. The company has expanded its geographic footprint, enhanced its digital platform, and increased its product capabilities through acquisitions and organic growth strategies. With a focus on sustained revenue growth and profitability, F.N.B. Corp has become one of the 50 largest bank holding companies in the U.S. by total assets. Key executives like James G. Orie and Vincent J. Calabrese bring decades of experience in legal, regulatory, and financial services to their respective roles, overseeing critical decision-making processes and ensuring the company's success in various areas such as legal, compliance, finance, and operations.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (26.12.2024):
Net Income
F.N.B. Corporation reported net income available to common stockholders of $110.1 million, or $0.30 per diluted common share, for the third quarter of 2024. This represents a decrease compared to the third quarter of 2023, where net income was $143.3 million, or $0.40 per diluted common share. The second quarter of 2024 saw net income of $123.0 million, or $0.34 per diluted common share.
Operating Earnings
On an operating basis, F.N.B. Corporation's earnings per diluted common share (non-GAAP) for the third quarter of 2024 were $0.34, excluding $0.04 per share of significant items impacting earnings. This is a decrease from the third quarter of 2023, which was $0.40 per diluted common share (non-GAAP) on an operating basis.
Deposit Growth
F.N.B. Corporation experienced a robust linked-quarter deposit growth of $1.8 billion, or 5%, in the third quarter of 2024. This growth highlights the company's ability to leverage its client relationships and digital capabilities, improving the loan-to-deposit ratio by nearly 500 basis points to 91.7%.
Loan and Lease Changes
Period-end total loans and leases for F.N.B. Corporation increased by $1.6 billion, or 4.9%, in the third quarter of 2024 compared to the same period in 2023. However, on a linked-quarter basis, total loans and leases decreased by $39.6 million, or 0.1%, due to strategic balance sheet management actions, including the sale of indirect auto loans.
Net Interest Income
F.N.B. Corporation's net interest income for the third quarter of 2024 totaled $323.3 million, marking an increase of $7.4 million, or 2.4%, from the previous quarter. This increase was primarily driven by improved earning asset yields and loan growth, despite the higher cost of interest-bearing deposits.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5293 M
Market cap (USD)
1,880,415
Daily traded volume (Shares)
14.83 / 14.51
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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