F.N.B.: Q1 Earnings Snapshot
By AP News
Published - Apr 17, 2024, 04:43 PM ET
Last Updated - Apr 17, 2024, 04:43 PM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — F.N.B. Corp. (FNB) on Wednesday reported first-quarter profit of $122.3 million.
The Pittsburgh-based bank said it had earnings of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The financial holding company posted revenue of $631.4 million in the period. Its revenue net of interest expense was $406.9 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $406.3 million.
