F.N.B. Corp. Continues Its Steady, Reliable Performance In Q2 Earnings

F.N.B. Corporation remains a buy, supported by disciplined growth, strong credit quality, and a robust capital position.

Q2 results were solid: EPS of $0.42, revenue up 6% to $463M, and 17% earnings growth, with prudent loan and deposit growth.

FNB’s conservative underwriting, low CRE and private credit exposure, and high reserves position it well against credit risks.

Shares trade at ~11.3x earnings, with a $21 price target, moderate upside, and a secure 2.7% dividend yield.

Shares of F.N.B. Corporation (FNB), which operates the First National Bank, have been a strong performer over the past year, gaining about 26%.

FNB has been something of a “hidden gem” in the financial sector, in my view, as the