F.N.B. CorpF.N.B. reported Q1 revenue up 9.4% but missed estimates by 0.7%; EPS in line; stock up 10.2% since report.
F.N.B. Corporation reported first-quarter revenues of $453.4 million, a 9.4% increase year on year, but fell short of analysts' expectations by 0.7%. Earnings per share were in line with estimates, while net interest income slightly missed. Chairman, President and CEO Vincent J. Delie, Jr. noted that earnings increased 19% from the year-ago quarter to $0.38 per diluted common share, with pre-provision net revenue up 17%. The stock has risen 10.2% since the report and currently trades at $19.18. Among the 91 regional banks tracked, UMB Financial posted the strongest results with a 5.4% revenue beat, while BankUnited had the weakest quarter, missing revenue estimates by 5.1%.
F.N.B. CorpF.N.B. reported Q1 revenue up 9.4% but missed estimates by 0.7%; EPS in line; stock up 10.2% since report.
BankUnited IncBankUnited had the weakest quarter among tracked regional banks, missing revenue estimates by 5.1%.
UMB Financial CorporationUMB Financial posted the strongest results among tracked regional banks with a 5.4% revenue beat.
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