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F.N.B. Corporation Earnings: What To Look For From FNB

FNB Cover Image

Regional banking company F.N.B. Corporation (NYSE: FNB) will be announcing earnings results this Thursday after market hours. Here’s what you need to know.

F.N.B. Corporation beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $438.2 million, up 8.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

Is F.N.B. Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting F.N.B. Corporation’s revenue to grow 7.8% year on year to $445.4 million, improving from the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.

F.N.B. Corporation Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F.N.B. Corporation has missed Wall Street’s revenue estimates four times over the last two years.

Looking at F.N.B. Corporation’s peers in the banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FB Financial delivered year-on-year revenue growth of 94.2%, beating analysts’ expectations by 4.2%, and Citigroup reported revenues up 9.3%, topping estimates by 4.6%.

Read our full analysis of FB Financial’s results here and Citigroup’s results here.

Investors in the banks segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. F.N.B. Corporation’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $18.50 (compared to the current share price of $16.20).

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