F.N.B. Corp Second Quarter Earnings Sneak Peek

F.N.B. Corp (NASDAQ:FNB) will unveil its latest earnings on Monday, July 25, 2011. F.N.B. Corporation through its subsidiaries, provides a range of financial services to consumers and small- to medium-sized businesses in its market areas.

F.N.B. Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 17 cents per share, a rise of 6.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 69 cents per share, a rise of 6.2% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported profit of 14 cents per share against a mean estimate of 15 cents. Two quarters ago, it beat expectations by 7 cents with net income of 21 cents.

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Wall St. Revenue Expectations: On average, analysts predict $108.6 million in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $437.5 million for the year, a rise of 9.1% from last year’s revenue of $401 million.

Analyst Ratings: Analysts seem relatively indifferent about F.N.B with six of 10 analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 7.5% while it rose more than fivefold in the fourth quarter of the last fiscal year and 67.1% in the third quarter of the last fiscal year.

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 1% to $125.8 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 5.3%.

Competitors to Watch: Univest Corp. of PA (NASDAQ:UVSP), Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), National Penn Bancshares, Inc. (NASDAQ:NPBC), ACNB Corporation (NASDAQ:ACNB), Regions Financial Corp. (NYSE:RF), Wells Fargo & Company (NYSE:WFC), Pinnacle Financial Partners (NASDAQ:PNFP), M&T Bank Corporation (NYSE:MTB), VIST Financial Corp. (NASDAQ:VIST), and Old National Bancorp (NYSE:ONB).

Stock Price Performance: During July 13, 2011 to July 19, 2011, the stock price had dropped 15 cents (-1.4%) from $10.36 to $10.21. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 6, 2010 when shares rose for five-straight days, rising 6.7% (+57 cents) over that span. It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six-straight days, falling 4.9% (-51 cents) over that span. Shares are up 62 cents (+6.5%) year to date.

(Source: Xignite Financials)

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