F.N.B. Corporation (FNB) reported fourth quarter net income of $4.6 million or $0.04 per share, compared to a net loss of $18.9 million or $0.21 per share in the prior year period.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share. Analysts' estimates typically exclude special items.
Results for the fourth quarter of 2009 included $2.4 million in non-cash other-than-temporary impairment charges primarily related to pooled trust preferred securities and $0.6 million in litigation settlement costs.
Net interest income on a fully taxable equivalent basis for the fourth quarter totaled $71.2 million, compared to $70.0 million in the prior year period. Non-interest income increased to $25.4 million from $8.2 million in the year-ago quarter.
Five Wall Street analysts expected revenues of $95.04 million.
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