NYSE$FNB

F.N.B. Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

FNB's net income available to common stockholders decreased, with solid loan and deposit growth, favorable asset quality, and diversified revenue growth.

F.N.B. Corporation reported Q4 2019 earnings with a net income available to common stockholders of $93.2 million, or $0.29 per diluted common share. The company saw growth in total average loans and deposits. However, net interest income declined due to pressure on variable-rate loan yields and competitive pressures on interest-bearing deposit rates.

  • Total average loans grew by $1.3 billion, or 5.9%, driven by commercial and consumer loan growth.
  • Total average deposits increased by $1.3 billion, or 5.7%, primarily due to growth in non-interest-bearing and interest-bearing demand deposits.
  • Non-interest income increased by $5.6 million, or 8.2%, with growth in capital markets and mortgage banking operations income.
  • The annualized net charge-offs to total average loans ratio decreased to 0.09% from 0.24%.

Headline financials

Total Revenue

$300M

Previous: $301M-0.1%
EPS (adj)

$0.30

Previous: $0.30+0.0%
Efficiency Ratio

56.0%

No prior period
Net Interest Margin

3.1%

No prior period
Loan to Deposit Ratio

94.0%

No prior period
Effective Tax Rate

17.6%

No prior period
TCE to Tangible Assets

7.6%

No prior period
Capital Expenditures

$15M

Previous: $15.7M-4.7%
Free Cash Flow

$107M

Previous: $78.4M+36.4%
Net Income

$95.2M

Previous: $100M-4.9%
Operating Income

$116M

No prior period
Cash & Equivalents

$599M

Previous: $488M+22.7%
Total Assets

$34.6B

Previous: $33.1B+4.6%

Revenue & EPS history

FNB · Revenue · Quarterly

$300M

Q4 2019-0.1%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

FNB · $74M total across 10 segments · Q4 2019

  • Service Charges
    $28.8M
  • Mortgage Banking
    $10.4M
  • Capital Markets
    $8.61M
  • Trust Services
    $7.15M
  • Insurance Commissions
    $5.01M
  • Dividends on Equity Secs
    $4.92M
  • Securities Commissions
    $3.96M
  • Bank Owned Life Ins.
    $3.13M
  • Other Income
    $1.97M
  • Net Securities Gains
    $35K

Forward guidance

I am sorry, but I cannot provide forward guidance as it is not available in this document.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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