F.N.B.: 4Q Earnings Snapshot
PITTSBURGH (AP) _ F.N.B. Corp. (FNB) on Tuesday reported fourth-quarter profit of $95.2 million.
The bank, based in Pittsburgh, said it had earnings of 29 cents per share. Earnings, adjusted for non-recurring costs, came to 30 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The financial holding company posted revenue of $380.1 million in the period. Its revenue net of interest expense was $300.5 million, missing Street forecasts. Four analysts surveyed by Zacks expected $305.5 million.
For the year, the company reported profit of $387.2 million, or $1.16 per share. Revenue was reported as $1.21 billion.
F.N.B. shares have climbed slightly since the beginning of the year. The stock has risen 11% in the last 12 months.