F.N.B. Corp (FNB) Tops Q4 EPS by 1c

F.N.B. Corp (NYSE: FNB) reported Q4 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $305.34 million versus the consensus estimate of $303.92 million.

"We are very pleased with the record earnings and the significant revenue milestones our team achieved this year. The team continued to drive solid loan and deposit growth while maintaining our controlled approach to risk management," commented Chairman, President, and Chief Executive Officer, Vincent J. Delie, Jr. "During the second half of 2018, we created additional operating leverage through disciplined expense management while also investing in technology, infrastructure, and most importantly, our people. We begin 2019 in a more favorable capital position after a successful 2018 where we generated record earnings of $365 million that enabled us to return $165 million directly to our shareholders, while increasing our capital ratios and building tangible book value per share. As we move forward, we are better-positioned to establish new customer relationships in our existing markets and deepen existing customer relationships as we serve their financial needs. Our commitment to driving organic growth, focusing on improving efficiency, and building a strong and differentiated brand, will create incremental value for all of our constituencies."

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

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