earnings
confidence high
sentiment positive
materiality 0.78
FNB reports record Q4 revenue $416M, operating EPS $0.44, completes UB Bancorp acquisition
FNB CORP/PA/
2022-FY EPS reported
$1.22
- Q4 2022 net income available to common $137.5M ($0.38 diluted EPS) vs $96.5M ($0.30) in Q4 2021.
- Operating EPS (non-GAAP) of $0.44; full-year 2022 operating EPS $1.40 on record revenue of $1.4B.
- Completed UB Bancorp acquisition Dec 9, adding estimated $651M loans and $956M deposits.
- Efficiency ratio (non-GAAP) improved to record 45.8% from 58.1% a year ago.
- Period-end loans up 21.2% YoY; net charge-offs remain low at 0.16% annualized.