earnings
confidence high
sentiment neutral
materiality 0.50
FNB Q2 2024 EPS $0.34, net income $123M, down 12% YoY
FNB CORP/PA/
2024-Q2 EPS reported
$0.66
- Net income available to common stockholders $123.0M ($0.34 diluted EPS) vs $140.4M ($0.39) in Q2 2023.
- Period-end loans grew 7.7% YoY to $2.4B; deposits up 3.5% YoY; linked-quarter loan growth 3.6%.
- Tangible book value per share $9.88, up 12.4% YoY; CET1 ratio 10.2%; NPLs/OREO at 0.33% multiyear low.
- Net interest margin (FTE) 3.09%, down 9 bps linked quarter; provision for credit losses $20.2M (+$6.3M linked).
- Repurchased 250,000 shares at weighted avg price $13.56 during Q2 2024.