F.N.B. Corp (FNB) has disclosed a new risk, in the Costs category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
F.N.B. Corp has faced heightened financial burdens as a consequence of the recent bank failures, notably those of SIVB and SBNY. The firm incurred a special assessment fee levied by the FDIC, designed to recuperate the losses of the Deposit Insurance Fund, amounting to $29.9 million, based on an assessment base of $11.1 billion. With the FDIC’s final rule in place and the potential for additional shortfall assessments, F.N.B. Corp confronts the risk of further financial strain. Such additional expenses could significantly impair the company’s future earnings and overall financial stability.
Overall, Wall Street has a Moderate Buy consensus rating on FNB stock based on 5 Buys and 2 Holds.
To learn more about F.N.B. Corp’s risk factors, click here.
