F.N.B.: 2Q Earnings Snapshot
Jul. 24, 2018
PITTSBURGH (AP) _ F.N.B. Corp. (FNB) on Tuesday reported second-quarter net income of $83.2 million.
The bank, based in Pittsburgh, said it had earnings of 26 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.
The financial holding company posted revenue of $359 million in the period. Its revenue net of interest expense was $304.2 million, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $305 million.
F.N.B. shares have decreased slightly since the beginning of the year. The stock has climbed roughly 4 percent in the last 12 months.