NYSE$FNB

F.N.B. Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported earnings for the fourth quarter with strong performance.

F.N.B. Corporation reported a strong fourth quarter in 2021, with earnings per share of $0.30. The company's full-year revenue reached a record $1.2 billion, and non-interest income also reached a record level of $330 million.

  • Net income available to common stockholders was $96.5 million, or $0.30 per diluted common share.
  • Total average deposits grew by $2.7 billion, or 9.4%.
  • Non-interest income increased by $10.6 million, or 15.5%.
  • Tangible book value per common share increased by 9.0% to $8.59.

Headline financials

Total Revenue

$302M

Previous: $303M-0.2%
EPS (adj)

$0.30

Previous: $0.28+7.1%
Efficiency Ratio

58.1%

Previous: 56.5%+2.8%
Capital Expenditures

$15M

Previous: $8M+87.5%
Free Cash Flow

$131M

Previous: $186M-29.6%
Net Income

$98.5M

Previous: $72.2M+36.4%
Operating Income

$123M

Previous: $85.9M+43.3%
Cash & Equivalents

$3.49B

Previous: $1.38B+152.6%
Total Assets

$39.5B

Previous: $37.4B+5.8%

Revenue & EPS history

FNB · Revenue · Quarterly

$302M

Q4 2021-0.2%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

FNB · $79M total across 9 segments · Q4 2021

  • Service Charges
    $32.5M
  • Capital Markets
    $9.55M
  • Trust Services
    $9.53M
  • Mortgage Banking
    $5.96M-61.1%
  • Securities Commissions
    $5.38M
  • Insurance Commissions
    $5.33M
  • Other Income
    $4.83M
  • Bank Owned Life Ins.
    $3.87M
  • Dividends on Equity Secs
    $2.07M

Forward guidance

FNB enters 2022 ready to capitalize on several growth initiatives, such as the rollout of our eStore digital banking platform, our enhanced Physicians First program and the integration of Howard Bank.

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 2021

Historical avgQ4 2021

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro