earnings
confidence high
sentiment negative
materiality 0.75
FNB Q1 2024 EPS $0.32; operating EPS $0.34; net income down 20% YoY; record TCE ratio 8.0%
FNB CORP/PA/
2024-Q1 EPS reported
$0.32
- Net income available to common stockholders $116.3M ($0.32 diluted EPS) vs $144.5M ($0.40) in Q1 2023.
- Operating EPS (non-GAAP) $0.34, excluding $0.02 of significant items; prior year $0.40.
- Record non-interest income $87.9M, driven by Wealth Management, Capital Markets, and Mortgage Banking.
- Period-end loans +6.2% YoY to $1.9B; deposits +1.6% YoY; tangible book value $9.64, up 11.3% YoY.
- Record CET1 ratio 10.2% (est.); non-performing loan ratio 0.33%, down 5 bps YoY; FDIC special assessment $4.4M.