PITTSBURGH (AP) - First National Bank, F.N.B. Corp. (FNB), on Thursday reported second-quarter earnings of $83.6 million.
The bank, based in Pittsburgh, said it had earnings of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The financial holding company posted revenue of $358.5 million in the period. Its revenue net of interest expense was $305.6 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $297.2 million.
F.N.B. shares have decreased 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.55, a drop of 35% in the last 12 months.