NYSE$FNB
F.N.B. Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Net income decreased due to provision for credit losses and other unusual items.
F.N.B. Corporation reported lower earnings for the first quarter of 2020, with net income available to common stockholders of $45.4 million, or $0.14 per diluted common share, compared to $92.1 million, or $0.28 per diluted common share in the first quarter of 2019. The results were impacted by a provision for credit losses related to COVID-19, branch consolidation costs, mortgage servicing rights impairment, accelerated vesting of stock grants, and COVID-19 related expenses.
- Total average loans grew by $1.1 billion, or 5.0%, driven by commercial loan growth of $963 million.
- Total average deposits increased by $1.2 billion, or 5.2%, due to growth in interest-bearing and non-interest-bearing demand deposits.
- Net interest income increased 0.9%, driven by loan growth and reduced interest-bearing deposit rates.
- Non-interest income increased $3.1 million, or 4.8%, with growth in capital markets income, insurance commissions and fees, and trust income.
Headline financials
Revenue & EPS history
FNB · Revenue · Quarterly
$301M
Revenue by segment
FNB · $78.3M total across 9 segments · Q1 2022
- Service Charges$31.5M+13.2%40.2%
- Trust Services$10.3M+13.9%13.2%
- Insurance Commissions$7.61M+5.8%9.7%
- Capital Markets$7.13M-7.6%9.1%
- Mortgage Banking$6.67M-57.6%8.5%
- Securities Commissions$5.69M+1.3%7.3%
- Other Income$4.58M+4.5%5.8%
- Bank Owned Life Ins.$2.64M-10.4%3.4%
- Dividends on Equity Secs$2.15M-5.5%2.7%
Forward guidance
FNB is prepared for economic fluctuations, with ample liquidity and capital levels well above regulatory requirements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.3%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.4%
Avg return
30 days after
43%
30 / 69 earnings
Positive
+7.7%
Q1 2019
Best reaction
-12.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -0.6% | -3.8% | |
| Q4 2025 | +3.0% | +0.6% | +6.1% | |
| Q3 2025 | +2.9% | +4.5% | +8.3% | |
| Q2 2025 | -1.6% | -0.4% | +2.7% | |
| Q1 2025 | +3.1% | +5.6% | +18.0% | |
| Q4 2024 | -2.3% | -1.8% | -7.2% | |
| Q3 2024 | -1.0% | -2.8% | +11.8% | |
| Q2 2024 | -6.5% | -3.6% | -8.1% | |
| Q1 2024 | -0.2% | +4.3% | +10.6% | |
| Q4 2023 | +2.8% | +3.8% | +4.1% | |
| Q3 2023 | -2.1% | -5.9% | +6.0% | |
| Q2 2023 | +1.2% | +1.3% | -5.2% | |
| Q1 2023 | +3.7% | +1.0% | -1.9% | |
| Q4 2022 | +4.9% | +6.3% | +9.2% | |
| Q3 2022 | +5.3% | +6.5% | +5.5% | |
| Q2 2022 | +1.0% | +2.9% | +10.6% | |
| Q1 2022 | +2.6% | -0.2% | -5.0% | |
| Q4 2021 | -4.3% | -5.2% | -1.4% | |
| Q3 2021 | +2.8% | +1.3% | +4.2% | |
| Q2 2021 | -0.5% | +0.0% | +0.8% | |
| Q1 2021 | -4.9% | -0.5% | +2.8% | |
| Q4 2020 | -2.3% | -4.2% | +2.4% | |
| Q3 2020 | +0.4% | +4.7% | +17.1% | |
| Q2 2020 | -0.9% | +1.2% | +5.7% | |
| Q1 2020 | +1.7% | +12.1% | -0.8% | |
| Q4 2019 | -1.9% | -5.2% | -6.7% | |
| Q3 2019 | -0.2% | +0.9% | +4.2% | |
| Q2 2019 | +3.3% | +3.3% | -7.2% | |
| Q1 2019 | +7.7% | +8.1% | +2.5% | |
| Q4 2018 | +1.1% | +1.0% | +8.0% | |
| Q3 2018 | -1.3% | +0.2% | +7.6% | |
| Q2 2018 | -8.3% | -6.2% | -1.3% | |
| Q1 2018 | -0.9% | +0.0% | +2.1% | |
| Q4 2017 | -0.2% | -0.9% | -1.7% | |
| Q3 2017 | -2.6% | -1.9% | -5.0% | |
| Q2 2017 | -6.1% | -1.9% | -9.7% | |
| Q1 2017 | +2.1% | -2.0% | -6.2% | |
| Q4 2016 | -0.5% | -0.8% | +2.4% | |
| Q3 2016 | +4.8% | +6.7% | +21.5% | |
| Q2 2016 | -8.1% | -9.4% | -6.7% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | -0.3% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +2.9% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | +1.2% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q4 2011 | -2.8% | — | — | |
| Q4 2009 | -2.8% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q2 2011 | -12.1% | — | — | |
| Q1 2010 | +3.9% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2008 | -0.2% | — | — | |
| Q3 2009 | -0.5% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q2 2009 | -3.7% | — | — | |
| Q2 2010 | -3.7% | — | — |
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