earnings
confidence high
sentiment neutral
materiality 0.70
FNB Q1 GAAP EPS $0.15 vs $0.28 YoY; operating EPS $0.26; completes Howard Bancorp deal; $150M buyback
FNB CORP/PA/
2022-Q1 EPS reported
$0.15
- GAAP net income available to common stockholders $51.0M ($0.15 diluted EPS) vs $91.2M ($0.28) in Q1 2021.
- Operating diluted EPS (non-GAAP) $0.26, excluding $47.8M merger-related items and $4.2M branch consolidation costs.
- Completed acquisition of Howard Bancorp on Jan 22, 2022, adding $1.8B in loans and deposits at fair value.
- Board authorized new $150M share repurchase program; repurchased 2.2M shares at avg $13.25 in Q1.
- Period-end loans ex-PPP up $3.6B (15.7% YoY); net charge-offs remained low at 0.03% annualized.