F.N.B. Corp (FNB) Stock Falls 1.8% After Q2 Earnings Miss
FNB(FNB) ZACKS·2024-07-19 00:50
Shares of F.N.B. Corporation (FNB) lost 1.8% in after-market trading following the release of its lower-than-expected second-quarter 2024 results. Adjusted earnings per share of 34 cents lagged the Zacks Consensus Estimate by a penny. Moreover, the bottom line reflected a decline of 12.8% from the prior-year quarter.The results were primarily affected by higher provisions, higher expenses and lower net interest income (NII). Nonetheless, a higher non-interest income and a rise in average loans and deposits’ ...