**************F.N.B. (FNB) — Q1 Earnings Preview + Dividend Hike & $250M Buyback**************
Key Questions
What are the expected Q1 earnings figures for F.N.B. (FNB)?
FNB is projected to report Q1 EPS of $0.38, up 19% year-over-year, and revenue of $455M, up 10.5% YoY. Net interest margin is expected to improve to 3.3%, with an efficiency ratio in the low 50s.
What capital allocation actions did F.N.B. announce?
FNB raised its dividend by 8% to $0.13 per share, offering a 2.74% yield. The company also authorized a $250 million share buyback program.
Is F.N.B. stock considered undervalued, and what is the DCF fair value?
FNB trades at a P/E ratio of 11. A new DCF analysis estimates a fair value of $20.06, suggesting 10.8% undervaluation after recent gains.
FNB NYSE mid-cap ~$6B Q1 EPS $0.38 +19% YoY, rev $455M +10.5%, NIM 3.3% improving; cap alloc: 8% div to $0.13 (2.74% yield), $250M buyback, low-50s eff ratio, P/E 11; new DCF FV $20.06 (10.8% undervalue) post-gains. Fits earnings quality/cap alloc prefs like FHN/RPM/ITT/ALLE; pending full earnings/DCF.