F.N.B. 3Q profit rises
Send this to a friend
- Patty Tascarella
- Senior Reporter- Pittsburgh Business Times
- Email | Twitter | Google+ | LinkedIn
F.N.B. Corp., Wednesday reported third-quarter net income of $33.4 million, or 20 cents per share, compared to $31.6 million, or 22 cents, a year ago. Pittsburgh-based F.N.B. (NYSE:FNB), the region's fourth-largest financial institution by deposit market share, was a penny short of Wall Street's average EPS estimate.
"This was another very good quarter with record net income," President and CEO Vincent Delie Jr. said in a prepared statement. "We remain focused on building long-term value for our shareholders as we continue to successfully manage through the current regulatory and economic environment."
During the three-month period, F.N.B. completed its acquisition of OBA Financial Services, its third deal in Maryland and fourth acquisition in 18 months. Delie said expansion into the metropolitan markets of Baltimore and Cleveland "continues to gain momentum and contribute to F.N.B.'s results."
Average loans totaled $10.5 billion and increased $436 million, or 17.1 percent annualized.
F.N.B. shares closed at $12.20 Tuesday, up 1.75 percent.
Patty Tascarella covers accounting, banking, finance, legal, marketing and advertising and foundations. Contact her at ptascarella@bizjournals.com or 412-208-3832. .
Most Popular
- Most popular
- Emailed
- Mobile
- South Side chocolate maker to expand
- Southwestern Energy signs deal for Marcellus acreage, wells
- Bill's Bar & Burger coming to 'burgh
- Allegheny County restaurant health code violations
- Cabot Oil & Gas moving to new office on Parkway West
- Highmark contractor gets pushback from care providers
- First Niagara consolidating branches
- Two EDMC execs paid six-figure bonuses despite loss
- Sears to close Pittsburgh Mills store in January
- Buchanan Ingersoll & Rooney taps new CFO
Email Subscriptions
-
BRIDGE & HIGHWAY ENGINEERS Mackin Engineering Company | Pittsburgh, PA
-
Manufacturing Engineer Gregg Staffing Solutions | Pittsburgh, PA
-
EXPERIENCED LANDSCAPE ARCHITECT Mackin Engineering Company | Pittsburgh, PA
-
Underwriting Specialist PNC | Pittsburgh, PA
-
Senior Java Developer Mindteck | Pittsburgh, PA
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.