earnings
confidence high
sentiment positive
materiality 0.70
FNB Q1 2023 EPS $0.40 ($0.40 operating); net income $144.5M; ROAA 1.4%, ROTCE 20%
FNB CORP/PA/
2023-Q1 EPS reported
$0.40
- Net income available to common stockholders $144.5M, diluted EPS $0.40; Q1 2022 $51.0M, $0.15.
- Return on avg tangible common equity 20%; return on avg assets 1.4%; efficiency ratio 50.6%.
- Net interest income $336.7M (+43.8% YoY); net interest margin (FTE) 3.56%, up 95 bps YoY.
- Tangible book value per share $8.66, up $0.39 from Dec 2022; CET1 ratio 10.0% (estimated).
- Average deposits up $1.2B YoY; period-end deposits down $579.7M linked-quarter due to seasonal declines.