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F.N.B. Corp (FNB)
NYSE:FNB
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: -15.01%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong financial performance, record noninterest income, and significant loan and deposit growth. Despite challenges in managing deposit costs and increased noninterest expenses, F.N.B. has optimized its balance sheet and improved its capital position. The company continues to expand its digital capabilities and maintain strong credit quality.Company Guidance
During the FNB Fourth Quarter 2024 earnings call, the management provided comprehensive guidance for the upcoming year. They reported an operating net income of $136.7 million, or $0.38 per diluted share, contributing to a full-year 2024 operating EPS of $1.39. The company achieved notable growth, with year-over-year loan growth of 5% and deposit growth of 6.9%, alongside record noninterest income of $350 million. The balance sheet was further strengthened with a record CET1 ratio of 10.6% and a tangible book value per share increased by 11% to $10.49. The guidance for 2025 expects mid-single-digit growth in loans and deposits, net interest income between $1.345 billion and $1.385 billion, noninterest income of $350 to $370 million, and noninterest expenses between $965 million and $985 million. The effective tax rate is projected to be between 21% and 22%. These projections consider two anticipated Federal Reserve rate cuts in March and June, highlighting FNB's strategic focus on optimizing its balance sheet, driving shareholder value, and expanding its capital markets and technology offerings.Strong Financial Performance
F.N.B. reported fourth quarter operating net income of $136.7 million, or $0.38 per diluted common share, with a full year 2024 operating EPS of $1.39. This reflects successful execution of strategic objectives.
Record Noninterest Income
Noninterest income achieved a record level of $350 million, highlighting F.N.B.'s diversified business model.
Loan and Deposit Growth
F.N.B. generated year-over-year loan growth of 5% and robust deposit growth of 6.9%, outpacing the industry.
Balance Sheet Optimization
F.N.B. completed the sale of securities yielding 1.41% and reinvested the proceeds into securities yielding 4.78%, a 337 basis point improvement.
Improved Capital Position
Achieved a record CET1 ratio of 10.6% and increased tangible book value per share by 11% to a record of $10.49.
Expansion of Digital and Fintech Capabilities
Invested in fintech to enhance consumer onboarding and financial product offerings, improving customer acquisition and primacy.
Credit Quality and Risk Management
Asset quality metrics remained stable with strong credit performance and proactive credit risk management.
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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 |
|---|---|---|---|
| Jan 22, 2025 | $15.79 | $15.42 | -2.34% |
| Oct 17, 2024 | $14.62 | $14.41 | -1.44% |
| Jul 17, 2024 | $14.90 | $14.03 | -5.84% |
| Apr 17, 2024 | $12.39 | $12.35 | -0.32% |
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 Apr 16, 2025, TBA Not Confirmed.
What is F.N.B. Corp (FNB) earnings time?
F.N.B. Corp (FNB) earnings time is at Apr 16, 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 2025 (Q1) is 0.3.
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