Investing
F.N.B. Corp. surpasses EPS estimates but misses on Q4 revenue
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/LYNXNPEC0K08U_L.jpg)
© Reuters.
PITTSBURGH – F.N.B. Corp. (NYSE:) announced its fourth-quarter earnings, reporting a profit of $50.7 million and an adjusted earnings per share (EPS) of $0.38, which exceeded the Zacks consensus estimate by $0.03. However, the company fell short of revenue expectations, with figures reaching $337.1 million against projections of $399.7 million.
Despite the revenue miss, F.N.B. Corp. highlighted some positive financial metrics for the quarter. The bank’s Efficiency Ratio, a measure of a bank’s overhead as a percentage of its revenue, was noted as favorable, indicating effective cost management.
Additionally, the Net Interest Margin, which gauges the difference between the interest income generated by banks and the amount of interest paid out to their lenders, was in line with analyst consensus.
For the full year, F.N.B. Corp.’s annual revenue was reported at $1.57 billion, marking a decrease from the previous year’s figures. The bank currently holds a Zacks Rank #3 (Hold), reflecting a neutral position recommended by Zacks investment research.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/pf-logo.png)
-
Personal Finance5 days ago
Americans reveal their biggest financial regret about potential retirement
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.88% By Investing.com
-
Side Hustles6 days ago
5 Key Strategies for Attracting and Retaining Top Talent
-
Passive Income4 days ago
5 Ways to Push Past Your Comfort Zone
-
Make Money6 days ago
A Labor Day Salute to You — the American Worker
-
Personal Finance6 days ago
Fed interest rate cuts won't help your credit card debt
-
Passive Income6 days ago
Work Smarter with 12 Months of Microsoft 365 for Just $45
-
Side Hustles5 days ago
Don’t Wait to Fire That Toxic Client — It’s Vital For Your Business Health