Overview

* FNB Q3 adjusted EPS of $0.41 beats analyst expectations

* Company reports record Q3 revenue of $457 mln, driven by net interest income growth

* Net income for Q3 rises 37% yr/yr to $149.5 mln

* Company repurchased $12 mln of common stock, indicating financial confidence

Outlook

* Company did not provide specific future guidance

Result Drivers

* NET INTEREST INCOME GROWTH - Record net interest income driven by increased earning assets and lower cost of funds

* RECORD NON-INTEREST INCOME - Non-interest income reached record levels, benefiting from diversified business model

* TECHNOLOGY INVESTMENTS - Investments in digital capabilities and AI broaden household penetration and strengthen client relationships

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.41 $0.37 (8

ADJUSTED Analysts

EPS )

Q3 EPS $0.41

Q3 Net $149.50

Income mln

Q3 Net $359.27

Interest mln

Income

Q3 CET1 11%

Capital

Ratio

Q3 $23.99

Credit mln

Loss

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $18.50, about 14.6% above its October 15 closing price of $15.79

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(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.)