F.N.B. Corp. (FNB) announced that its third-quarter net income available to common shareholders was $4.81 million or $0.04 per common share, compared to $23.51 million or $0.27 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Results for the third quarter of 2009 included $5.5 million in costs associated with F.N.B.'s redemption of the preferred stock it sold to the U.S. Treasury pursuant to the Capital Purchase Program. Results for the third quarter also included $3.3 million in non-cash other-than-temporary impairment charges primarily related to pooled trust preferred securities.
Net interest income for the quarter declined to $67.54 million from $68.91 million in the prior year quarter. Total non-interest income was $23.96 million, down from $28.23 million in year ago quarter.
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