F.N.B. Corp. (FNB) Stock Forecast & Price Target

F N B Corp reported a 4% annualized growth in deposits, attributed to the successful E-Store initiative that enhances cross-selling and account generation. The company's tangible book value per share (TBVPS) increased by 1.6% to $10.49, indicating positive performance despite a rise in expenses due to a tax credit impairment. Furthermore, the Common Equity Tier 1 (CET1) ratio improved modestly to 10.6%, reflecting a robust capital position that supports future growth initiatives.

F N B Corp reported a net interest income (NII) of $322 million, which, while above the guidance, showed a 0.3% decline quarter-over-quarter and was coupled with flat average loan balances that were below expectations, signaling potential weakness in loan growth. The core pre-provision net revenue (PPNR) of $159.2 million fell short of consensus estimates, primarily due to higher operating expenses and lower core fees, indicating operational challenges that may hinder profitability. Additionally, a slight decrease in the loan-to-deposit ratio from 92% to 91% raises concerns about the company's ability to effectively utilize its deposits for lending, further contributing to a negative outlook for F N B's stock.