- Total deposits at FNB Corp reached $36.77 billion, exceeding the estimated $35.5 billion.
- The company’s loans and leases totalled $33.72 billion, slightly below the estimate of $34.02 billion.
- Net interest income for the third quarter was reported at $323.3 million.
- The adjusted net interest margin was 3.08%, surpassing the expected 3.05%.
- FNB Corp held $2.08 billion in cash and cash equivalents during the period.
- Cash and due from banks amounted to $596 million.
- Earnings per share (EPS) were reported at 30 cents.
- Return on average equity was 7.1%, falling short of the 8.16% estimate.
- Return on average assets stood at 0.92%.
- The net charge-offs ratio was recorded at 0.25%, higher than the estimated 0.19%.
- FNB Corp’s credit metrics remained robust with a slight increase in reserve coverage ratio due to proactive credit risk management.
- Analyst ratings include 7 buy recommendations, 1 hold, and no sell ratings.
A look at Fnb Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing Smartkarma Smart Scores have provided insights into the long-term outlook for F.N.B. Corporation (Fnb Corp). With a strong Value score of 5, the company is deemed to be well-positioned in terms of valuation metrics. A respectable Dividend score of 4 indicates a healthy dividend payment to investors. However, the Growth score of 3 suggests moderate growth prospects for the company. In terms of Resilience, Fnb Corp received a score of 2, indicating some vulnerability to economic uncertainties. On a positive note, the Momentum score of 4 reflects a favorable trend in the company’s stock price.
F.N.B. Corporation is a financial services holding company that offers a range of financial services to consumers and small to medium-sized businesses. Operating through its subsidiaries in Pennsylvania, northern and central Tennessee, and eastern Ohio, Fnb Corp aims to cater to the financial needs of its target market efficiently.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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