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F.N.B. Corp (FNB)
NYSE:FNB
Holding FNB?
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.33Last Year’s EPS
$0.38Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -1.60%
|Next Earnings Date:Jan 28, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong deposit growth, improved loan-to-deposit and CET1 ratios, and market share gains. However, it also noted increased noninterest expenses and a slight rise in delinquency rates. Despite the challenges, the overall performance was positive, driven by strategic initiatives and balance sheet improvements.Company Guidance
During the FNB Corporation third-quarter 2024 earnings call, the company provided a comprehensive overview of its financial performance and future guidance. Key metrics included an operating net income of $123 million, or $0.34 per diluted common share, after adjusting for significant items impacting earnings. The company reported a record CET1 ratio of 10.4% and achieved a tangible book value growth of 15% year-over-year. FNB also highlighted a $431 million indirect auto loan sale that improved their capital and loan-to-deposit ratio, which stood at 91.7% by quarter-end. Total loans ended the quarter at nearly $33.7 billion, marking a 4.6% annualized linked-quarter increase, while total deposits grew to $36.8 billion, a 5.1% increase from the previous quarter. The company maintained a peer-leading efficiency ratio of 55.2% and an operating return on average tangible common equity of 14%. Looking ahead, FNB expects mid-single-digit loan growth for the full year and provided guidance for the fourth quarter, projecting net interest income between $310 million and $320 million, and noninterest income between $85 million and $90 million.Strong Deposit Growth
Total deposits increased by $1.8 billion or 5.1% from the second quarter, reaching $36.8 billion. This growth was driven by successful deposit initiatives and seasonal inflows.
Record CET1 Ratio
F.N.B. achieved a record CET1 ratio of 10.4%, strengthening its balance sheet.
Loan-to-Deposit Ratio Improvement
The loan-to-deposit ratio improved significantly to 91.7%, a decrease of nearly 5 percentage points from the previous quarter.
Tangible Book Value Growth
Tangible book value grew by 15% year-over-year, demonstrating shareholder value enhancement.
Market Share Gains
F.N.B. gained market share in multiple MSAs, achieving a #2 traditional retail deposit share position in Pittsburgh.
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FNB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $14.74 | $14.53 | -1.42% |
| Jul 17, 2024 | $15.02 | $14.14 | -5.86% |
| Apr 17, 2024 | $12.49 | $12.45 | -0.32% |
| Jan 18, 2024 | $12.62 | $12.88 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does F.N.B. Corp (FNB) report earnings?
F.N.B. Corp (FNB) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is F.N.B. Corp (FNB) earnings time?
F.N.B. Corp (FNB) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNB EPS forecast?
FNB EPS forecast for the fiscal quarter 2024 (Q4) is $0.33.
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