NYSE$FNB
F.N.B. Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported earnings per share of $0.22 and non-GAAP EPS of $0.28, driven by growth in total average loans and deposits, and an increase in mortgage banking income.
F.N.B. Corporation reported a decrease in net income available to common stockholders to $70.2 million, or $0.22 per diluted common share, compared to $93.2 million, or $0.29 per diluted common share in Q4 2019. However, on an operating basis, earnings per diluted common share (non-GAAP) was $0.28, up 8% from Q4 2019, excluding significant items. The company achieved record total non-interest income and maintained an efficiency ratio of 56%.
- Total average loans grew by $2.4 billion, or 10.4%, driven by commercial loan growth.
- Total average deposits increased by $4.1 billion, or 16.6%, primarily due to growth in non-interest-bearing deposits.
- Net interest income rose by $8.0 million, or 3.5%, supported by asset growth and reduced deposit costs.
- Mortgage banking income increased by $4.9 million, or 47.0%, due to strong production and expanded gain-on-sale margins.
Headline financials
Revenue & EPS history
FNB · Revenue · Quarterly
$303M
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
While the earnings report does not explicitly provide forward guidance, the CEO expresses optimism for improved results in 2021.
Tailwinds
- Commitment to drive long-term shareholder value.
- Focus on stated objectives and improving efficiency.
- Continuous investments in customer experience.
- Strong financial performance and progress.
- Dedication and determination of employees.
Headwinds
- Challenging interest rate environment.
- Impact of COVID-19 pandemic.
- Lower customer transaction volumes.
- Increase in non-interest expense.
- Exit of commercial loans in COVID-19 sensitive industries.
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 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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