Regional lender FNB's Q1 revenue, EPS rise as loan & deposits grow

FNB

16/04/2026 21:40

Overview

US regional bank's Q1 revenue rose 9.4%, while diluted EPS grew 18.8% yr/yr

Tangible book value per share increased 11.4% from a year earlier

Company raised quarterly dividend 8% and authorized new $250 mln buyback, total capacity $300 mln

Outlook

Company did not provide specific guidance for future quarters or the full year in press release

Result Drivers

NET INTEREST INCOME GROWTH - Co said net interest income rose 10.9% yr/yr, driven by growth in average earning assets and lower interest-bearing deposit costs

LOAN AND DEPOSIT GROWTH - Average loans and leases rose 2.5% and average deposits increased 3.8%, led by consumer loan and money market deposit growth

NON-INTEREST INCOME - Capital markets and wealth management revenues contributed to higher non-interest income yr/yr

Company press release: ID:nPnbJlnhwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.38
Q1 Net Income
$137 mln
Q1 Net Interest Income
$359.28 mln
Q1 CET1 Capital Ratio
11.40%
Q1 Credit Loss Provision
$18.46 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for FNB Corp is $20.00, about 11.8% above its April 15 closing price of $17.89

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)