Notable News Spotlight: F.N.B. Corporation (NYSE:FNB)

F.N.B. Corporation (NYSE:FNB) changed -1.33% to recent value of $7.4. The stock transacted 3608248 shares during most recent day however it has an average volume of 2.37M shares. It spotted trading -42.77% off 52-week high price. On the other end, the stock has been noted 46.53% away from the low price over the last 52-weeks.

On Oct. 19, 2020, F.N.B. Corporation (NYSE:FNB) revealed earnings for the third quarter of 2020 with net income available to common stockholders of $80.8 million, or $0.25 per diluted common share. Comparatively, third quarter of 2019 net income available to common stockholders totaled $100.7 million, or $0.31 per diluted common share and second quarter of 2020 net income available to common shareholders totaled $81.6 million, or $0.25 per diluted common share. On an operating basis, the third quarter of 2020 earnings per diluted common share (non-GAAP) was $0.26, excluding $0.01 for significant items. Operating earnings per diluted common share (non-GAAP) for the third quarter of 2019 was $0.31 and $0.26 for the second quarter of 2020, excluding $0.01 for significant items in the second quarter of 2020.

Vincent J. Delie, Jr., Chairman, President, and Chief Executive Officer of F.N.B. Corporation, said of its results, In this challenging economic environment prompted by the global pandemic, FNB continues to produce positive results built on employee protection and assistance, operational response and preparedness, continued customer and community support, and stringent risk management. Our performance is directly attributable to our resilient business model, which is based upon the deployment of technology and expansion into attractive new markets. Revenue continued to increase and operating EPS totaled $0.26, resulting in an operating return on tangible equity of 14%. These results reflect continued average loan and deposit growth of 2% and 4%, respectively, strong capital markets activity and record mortgage banking levels of $19 million. On a linked-quarter basis, tangible book value per share increased $0.18 to $7.81, as we strengthened our capital ratios while sustaining our quarterly dividend of $0.12 per share. We are encouraged by this quarter’s positive results as FNB remains profitable while building capital and reserves.

FNB has an operating margin of 72.50% while its profit margin remained 26.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 3.20% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

The company has 323.30M of outstanding shares and 320.75M shares were floated in the market. The price moved ahead of 4.82% from the mean of 20 days, 0.77% from mean of 50 days SMA and performed -11.57% from mean of 200 days price. Company’s performance for the week was -4.15%, 4.37% for month and YTD performance remained -41.73%.

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