F.N.B. Corp Earnings: Profit Up

The Cheat Sheet

F.N.B. Corporation reported its results for the fourth quarter. F.N.B. Corporation through its subsidiaries, provides a range of financial services to consumers and small- to medium-sized businesses in its market areas.

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F.N.B Earnings Cheat Sheet for the Fourth Quarter .

Results: Net income for F.N.B. Corporation rose to $23.7 million (19 cents per share) vs. $23.5 million (21 cents per share) in the same quarter a year earlier. This marks a rise of 0.9% from the year earlier quarter.

Actual vs. Wall St. Expectations: FNB fell in line with the mean analyst estimate of 19 cents per share.

Quoting Management: Vincent J. Delie, Jr., President and Chief Executive Officer of F.N.B. Corporation commented, “The fourth quarter of 2011 proved to be a strong finish to a successful year for FNB, with financial results demonstrating our consistent positive momentum. The fourth quarter includes continued strong loan growth, solid deposit growth, a stable net interest margin and credit quality reflecting further improvement from previous good levels. We are very pleased to deliver these results for our shareholders.”

Key Stats:

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the third quarter, it topped the mark by one cent, and in the second quarter, it was ahead by one cent.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 19 cents a share to 20 cents over the last thirty days. For the fiscal year, the average estimate has been unchanged at 71 cents a share.

Competitors to Watch: Univest Corp. of PA , Susquehanna Bancshares, Inc. , National Penn Bancshares, Inc. , ACNB Corporation , Regions Financial Corp. , Wells Fargo & Company , Pinnacle Financial Partners , M&T Bank Corporation , VIST Financial Corp. , and Old National Bancorp .

Stock Performance: Shares of FNB were down 0.8% from the previous close.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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