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

F.N.B. Corp (NYSE:FNB) will unveil its latest earnings on Wednesday, October 19, 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 net income of 18 cents per share, a rise of 20% 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. It also has not changed during the last month. Analysts are projecting profit to rise by 7.7% versus last year to 70 cents.

Last quarter, the company came in at profit of 18 cents per share against a mean estimate of net income of 17 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $109.7 million in revenue this quarter, a rise of 22.8% from the year ago quarter. Analysts are forecasting total revenue of $435 million for the year, a rise of 8.5% from last year’s revenue of $401 million.

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

A Look Back: In the second quarter, profit rose 24.8% to $22.4 million (18 cents a share) from $17.9 million (16 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.2% to $127.4 million from $123.4 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 7.5% in the first quarter and more than fivefold in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 1%.

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 20, 2011 to October 13, 2011, the stock price had fallen 88 cents (-8.7%) from $10.11 to $9.23. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 15, 2011 when shares rose for five-straight days, rising 9.4% (+78 cents) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 9.8% (-89 cents) over that span. Shares are down 23 cents (-2.4%) year to date.

(Source: Xignite Financials)

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