Overview

* FNB Q2 revenue of $438 mln beats analyst expectations, per LSEG data

* Earnings per diluted share reaches $0.36 in Q2, net income totals $130.7 mln

* Results driven by margin expansion and growth in net interest income

Result Drivers

* MARGIN EXPANSION - Record revenue driven by margin expansion, reflecting higher yields on earning assets and lower costs of funds

* NET INTEREST INCOME - Growth in net interest income contributed significantly to record revenue, with an increase of $23.4 mln from the prior quarter

* TECH INVESTMENTS - Tech-focused investments, including Clicks-to-Bricks strategy, support ongoing success

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $438 mln $425.20

Revenue mln (5

Analysts

)

Q2 EPS $0.36

Q2 Net $130.70

Income mln

Q2 Net $347.20

Interest mln

Income

Q2 CET1 10.8%

Capital

Ratio

Q2 $25.60

Credit mln

Loss

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for FNB Corp ( FNB ) is $17.00, about 8.8% above its July 16 closing price of $15.51

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)