Monday, diversified financial services company F.N.B. Corp. (FNB) reported a profit for the fourth quarter compared to loss in the year ago period, mainly due to lower loan loss provision.
F.N.B Corp's fourth quarter net income available to common shareholders was $4.6 million or $0.04 per share, compared to net loss of $18.9 million or $0.21 per share in the same quarter last year.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the quarter. Analysts' estimates exclude one-time items.
The company said its recent quarter included $2.4 million after-tax in-cash other-than-temporary impairment charges primarily related to pooled trust preferred securities and $0.6 million in litigation settlement costs. Results for the quarter also included a $6.2 million increase in the provision for loan losses, primarily related to the Florida portfolio.
Net interest income for the quarter increased to $69.5 million from $68.3 million in the prior year quarter. Total non-interest income for the quarter increased to $25.3 million from $8.2 million in year-ago quarter, due to a successful fall sales campaign.
Analysts estimated revenue of $95.00 million for the quarter.
Non-interest expense was up to $65.7 million from $58.4 million in the same quarter last year. Net interest margin, includes a 7 basis point expansion of 3.85% for the fourth quarter.
Provision for loan and leases losses decreased to $25.9 million from $51.3 million in the year-ago period.
The company's total loans were $5.9 billion, an increase of $62.5 million, or 4.3% on an annualized basis, led by commercial loan growth.
For the full year, net income available to common shareholders declined to $32.8 million from $35.6 million last year. On a per share basis, income decreased to $0.32 from $0.44 last year. Net interest income for full year increased to $266.5 million from $251.7 million in the prior year. Total non-interest income increased to $106.0 million from $86.1 million a year ago.
Analysts expected the company to earn $0.39 per share on revenues of $375.24 million.
FNB closed Monday's regular trading session at $7.21, down $0.15 or 2.04% on a volume of 0.76 million shares on the NYSE. In the after hours the stock rose 0.36% or $0.03, trading at $7.24.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.