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F.N.B. Seeing Signs Of Improving Loan Demand, But Execution Still Needs To Improve

Aug. 03, 2021 4:04 AM ETF.N.B. Corporation (FNB)
Stephen Simpson profile picture
Stephen Simpson


  • F.N.B. managed to post a decent beat relative to Street expectations for pre-provision profits, and the improved loan growth and conservative-looking guidance were likewise welcome.
  • The announcement of the Howard Bancorp acquisition has led to questions on the premium paid, the real need for the deal, and whether management can hit their post-deal goals.
  • Mid-single-digit growth can support a double-digit long-term annualized return, but F.N.B.'s business is still heavily reliant on mature markets where growth could be more challenging absent ongoing share gains.
Urban Waterfront with Sunset Pittsburgh Pennsylvania
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Bank stocks have been on quite the rollercoaster since my last article on Pittsburgh’s F.N.B. (NYSE:FNB), and while the stock has fared better than most in its peer group (and has outperformed regional banks by about five points), the

This article was written by

Stephen Simpson profile picture
Stephen Simpson is a freelance financial writer and investor. Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds); now a semi-retired raccoon rancher. That last part isn't entirely true. Probably.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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