High Rates & Strategic Buyouts Aid F.N.B. Corp., Asset Quality Weak
FNBFNB(FNB) ZACKS·2024-09-05 23:51

F.N.B. Corp. (FNB) remains well-poised for growth on the back of revenue growth, strategic buyouts, technological enhancements and higher rates. However, a mounting expense base, concentrated loan portfolio and deteriorating asset quality remain woes.FNB’s Growth DriversStrategic Efforts to Grow Revenues: F.N.B. Corp.’s revenues and loans witnessed a 5.4% and 7.8% compound annual growth rate (CAGR) over the five years ended 2023, respectively. While revenues witnessed a decline during the first half of 2024 ...