FNB Q2 EPS Jumps 17% on Record Revenue, $47M Buyback
FNB sits 32% above its 52-week low of $14.455.
Summary
FNB Corp delivered a strong Q2 with EPS of $0.42, up 17% year-over-year, driven by record revenue. Net interest income rose 5.3% to $365.7 million, supported by loan and deposit growth, while non-interest income climbed 6.5% from wealth management and capital markets fees. The company repurchased $47 million in stock during the quarter, signaling confidence and returning capital to shareholders. This follows a $300 million buyback authorization announced in May, with the Q2 activity representing a meaningful initial deployment. The CET1 ratio remained solid at 11.4%, and credit loss provisions were modest at $21.4 million, reflecting stable credit quality. With shares trading near a 52-week high and a consensus buy rating, the results reinforce the bank's positive trajectory.
At the time of this announcement, FNB was trading at $19.05 on NYSE in the Finance sector, with a market capitalization of approximately $6.9B. The 52-week trading range was $14.46 to $19.59. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.