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F.N.B. (FNB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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F.N.B. (FNB - Free Report) reported $408.13 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.5%. EPS of $0.40 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $403.07 million, representing a surprise of +1.26%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how F.N.B. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 51.7% versus 51.7% estimated by five analysts on average.
Net Interest Margin: 3.3% versus 3.3% estimated by five analysts on average.
Average Balance - Total interest earning assets: $40.17 billion versus the four-analyst average estimate of $39.69 billion.
Total Non-Performing Loans: $113 million compared to the $141.01 million average estimate based on two analysts.
Net charge-offs to average loans: 0.5% versus 0.2% estimated by two analysts on average.
Total Non-Interest Income: $81.55 million compared to the $80.24 million average estimate based on five analysts.
Mortgage banking operations: $3.91 million compared to the $4.69 million average estimate based on five analysts.
Service charges: $34.77 million versus the four-analyst average estimate of $34.27 million.
Trust services: $10.53 million versus $10.55 million estimated by four analysts on average.
Securities commissions and fees: $6.58 million versus the four-analyst average estimate of $6.89 million.
Capital markets income: $7.08 million versus the four-analyst average estimate of $6.62 million.
Net Interest Income: $326.58 million versus the four-analyst average estimate of $321.98 million.
Shares of F.N.B. have returned +2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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F.N.B. (FNB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
F.N.B. (FNB - Free Report) reported $408.13 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.5%. EPS of $0.40 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $403.07 million, representing a surprise of +1.26%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $0.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how F.N.B. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 51.7% versus 51.7% estimated by five analysts on average.
- Net Interest Margin: 3.3% versus 3.3% estimated by five analysts on average.
- Average Balance - Total interest earning assets: $40.17 billion versus the four-analyst average estimate of $39.69 billion.
- Total Non-Performing Loans: $113 million compared to the $141.01 million average estimate based on two analysts.
- Net charge-offs to average loans: 0.5% versus 0.2% estimated by two analysts on average.
- Total Non-Interest Income: $81.55 million compared to the $80.24 million average estimate based on five analysts.
- Mortgage banking operations: $3.91 million compared to the $4.69 million average estimate based on five analysts.
- Service charges: $34.77 million versus the four-analyst average estimate of $34.27 million.
- Trust services: $10.53 million versus $10.55 million estimated by four analysts on average.
- Securities commissions and fees: $6.58 million versus the four-analyst average estimate of $6.89 million.
- Capital markets income: $7.08 million versus the four-analyst average estimate of $6.62 million.
- Net Interest Income: $326.58 million versus the four-analyst average estimate of $321.98 million.
View all Key Company Metrics for F.N.B. here>>>Shares of F.N.B. have returned +2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.