F.N.B. GAAP EPS of $0.30 in-line, revenue of $335.84M in-line

Jul. 20, 2022 4:42 PM ETF.N.B. Corporation (FNB)By: Urvi Shah, SA News Editor
  • F.N.B. press release (NYSE:FNB): Q2 GAAP EPS of $0.30 in-line.
  • Revenue of $335.84M (+1396.6% Y/Y) in-line.
  • Period-end total loans and leases, excluding Paycheck Protection Program (PPP) loans and Howard Bancorp, Inc. (Howard) acquired loans as of the January 22, 2022 acquisition date (non-GAAP), increased $2.6 billion, or 11.2%, as commercial loans and leases increased $1.3 billion, or 8.4%, and consumer loans increased $1.3 billion, or 16.4%. PPP loans totaled $85.8 million at June 30, 2022, compared to $1.6 billion as of June 30, 2021.
  • During the second quarter of 2022, the Company repurchased 1.1 million shares of common stock at a weighted average share price of $11.77 for a total of $13.0 million.

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