F.N.B. Corp (NYSE: FNB) reported Q4 EPS of $0.24, in-line with the analyst estimate of $0.24. Revenue for the quarter came in at $295 million versus the consensus estimate of $296.72 million.

Fourth Quarter 2017 Highlights(All comparisons refer to the third quarter of 2017, except as noted)

• Growth in total average loans was $158 million, or 3.0% annualized, with average commercial loan growth of $44 million, or 1.3% annualized, and average consumer loan growth of $114 million, or 5.9% annualized.
• Average total deposits increased $1.0 billion, or 19.0% annualized, which included an increase in average non-interest bearing deposits of $106 million, or 7.6% annualized, and an increase in time deposits of $748 million.
• The loan to deposit ratio ended December 31, 2017 at 93.7%, compared to 94.9% at September 30, 2017.
• The net interest margin (FTE) (non-GAAP) expanded 5 basis points to 3.49% from 3.44%, reflecting $2.5 million of increased incremental purchase accounting accretion and $1.0 million of increased cash recoveries.
• Total revenue increased 1.3% to $295 million, reflecting a 2.1% increase in net interest income and a 1.6% decrease in non-interest income.
• Non-interest income declined $1.0 million or 1.6%, attributable to $2.8 million of lower net securities gains.
• The efficiency ratio on an operating basis (non-GAAP) was stable at 53.1%, compared to 53.1%.
• Annualized net charge-offs were 0.22% of total average loans, compared to 0.24% in the third quarter of 2017 and 0.31% in the year-ago quarter.

For earnings history and earnings-related data on F.N.B. Corp (FNB) click here.