F.N.B. Corporation has released its fourth-quarter financial results, showcasing a significant year-over-year increase in earnings that surpasses Wall Street expectations.
In this period, the company reported earnings of $109.9 million, translating to $0.30 per share, a notable rise from the previous year's $48.7 million, or $0.13 per share.
On an adjusted basis, and when excluding certain items, F.N.B. Corporation's earnings were $136.7 million, or $0.38 per share.
Market analysts had, on average, projected the company's earnings per share to be around $0.33, typically omitting any exceptional items in their forecasts.
Key highlights of F.N.B. Corporation's earnings (according to GAAP standards):
- Earnings: $109.9 million compared to last year's $48.7 million.
- Earnings Per Share (EPS): $0.30 in contrast to last year's $0.13.
