earnings
confidence high
sentiment positive
materiality 0.75
FNB Q2 2023 EPS $0.39, up 30% YoY; efficiency ratio 50%
FNB CORP/PA/
2023-Q2 EPS reported
$0.78
- Net income $140.4M ($0.39 diluted) vs $107.1M ($0.30) YoY; operating EPS also $0.39.
- Net interest income $329.2M, +29.8% YoY; NIM (FTE) 3.37%, +61bp YoY, -19bp link-qtr.
- Period-end loans +11.8% YoY (+$3.3B); avg deposits +0.2% YoY.
- Efficiency ratio (non-GAAP) 50.0% vs 55.2% in Q2'22.
- CET1 ratio 10.0%; tangible book value $8.79 (+8.6% YoY); repurchased 2.3M shares at $10.80.