earnings
confidence high
sentiment positive
materiality 0.70
FNB Q2 2021 net income $99.4M ($0.31 EPS), up 22% YoY; record operating net income
FNB CORP/PA/
2021-Q2 EPS reported
$0.59
- Net income available to common stockholders $99.4M ($0.31 diluted EPS); operating EPS $0.31, up 22% YoY.
- Total revenue $308M; net interest income $227.9M stable; non-interest income $79.8M (+2.8%) on record wealth management.
- Provision for credit losses net benefit $1.1M (vs $30.2M expense YoY); net charge-offs 0.06% annualized.
- Loans ex-PPP grew 9% annualized linked-quarter; PPP loans $1.6B with $2.0B forgiveness processed.
- Tangible book value $8.20 (+$0.19 QoQ); CET1 10.0%; efficiency ratio 56.8%.