El interés en corto de F N B da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de F N B. Los datos de interés en corto se actualizan cada dos semanas.

F N B (NYSE:FNB) Bolsa, Informe de interés en corto

F N B

F N B Corp provides a full range of financial services, principally to consumers, corporations, governments and small- to medium-sized businesses. It has three reportable business segments: Community Banking, Wealth Management and Insurance. The majority of revenue is from the Community banking segment. It offers commercial & consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets & lease financing. Consumer banking products & services include deposit products, mortgage lending, & consumer lending & a complete suite of mobile & online banking services.

F N B Corp

FINECOBANK SPA UNSP/ADR by Finecobank Banca Fineco SPA

FinecoBank SpA

FINBAR GROUP LTD by Finbar Group Ltd.

FINEMARK HOLDINGS INC by FineMark Holdings, Inc.

FineMark Holdings Inc

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has fallen 7.94% since its last report. The company recently reported that it has 6.34 million shares sold short, which is 2.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>F N B Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736183711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for F N B has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing F N B's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, F N B's peer group average for short interest as a percentage of float is 5.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(FNB) - Analyzing F N B's Short Interest

Wells Fargo analyst Timur Braziler maintains F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Overweight and lowers the price target from $19 to $18.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on F N B, Lowers Price Target to $18

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has fallen 5.12% since its last report. The company recently reported that it has 7.58 million shares sold short, which is 2.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>F N B Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733849116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for F N B has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing F N B's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, F N B's peer group average for short interest as a percentage of float is 5.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into F N B's Recent Short Interest

During the last three months, 4 analysts shared their evaluations of F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for F N B, presenting an average target of $18.5, a high estimate of $19.00, and a low estimate of $18.00. This current average reflects an increase of 13.85% from the previous average price target of $16.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1733342584_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of F N B among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kelly Motta</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Daniel Tamayo</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Russell Gunther</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to F N B. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of F N B compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of F N B's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of F N B's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FNB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on F N B analyst ratings.</a>
<h2>Delving into F N B's Background</h2>
F N B Corp provides a full range of financial services, principally to consumers, corporations, governments and small- to medium-sized businesses. It has three reportable business segments: Community Banking, Wealth Management and Insurance. The majority of revenue is from the Community banking segment. It offers commercial &amp; consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets &amp; lease financing. Consumer banking products &amp; services include deposit products, mortgage lending, &amp; consumer lending &amp; a complete suite of mobile &amp; online banking services.
<h3>F N B: Delving into Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: F N B's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 1.23%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.7%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.78%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): F N B's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.23%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: F N B's debt-to-equity ratio surpasses industry norms, standing at 0.57. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: Simplified</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 4 Analysts Discuss F N B Stock

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Market Perform and raises the price target from $16 to $18.

Keefe, Bruyette & Woods Maintains Market Perform on F N B, Raises Price Target to $18

Wells Fargo analyst Timur Braziler maintains F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Overweight and raises the price target from $16 to $19.

Wells Fargo Maintains Overweight on F N B, Raises Price Target to $19

Raymond James analyst Daniel Tamayo maintains F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Outperform and raises the price target from $17 to $19.

Raymond James Maintains Outperform on F N B, Raises Price Target to $19

WIIM

ALLY

ARES

BANC

CADE

COLB

FITB

FULT

HBAN

NTRS

SCHW

TROW

ZION

Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

Stephens &amp; Co. analyst Russell Gunther maintains F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) with a Overweight and raises the price target from $16 to $18.

Stephens & Co. Maintains Overweight on F N B, Raises Price Target to $18

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.35 by 2.86 percent. The company reported quarterly sales of $413.00 million which beat the analyst consensus estimate of $410.78 million by 0.54 percent. This is a 1.19 percent increase over sales of $408.13 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

F N B Q3 2024 Adj EPS $0.34 Misses $0.35 Estimate, Sales $413.00M Beat $410.78M Estimate

FNB Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) will release earnings results for its third quarter after the <a href="https://www.benzinga.com/quote/FNB/earnings">closing bell on Thursday, Oct. 17</a>,
Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at 35 cents per share. That&#8217;s down from 40 cents per share in the year-ago period. FNB projects to report revenue of $410.78 million for the recent quarter, compared to $403.35 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
With the recent buzz around FNB, some investors may be eyeing potential gains from the company's dividends. The firm currently offers an annual dividend yield of 3.33%, which is a quarterly dividend amount of 12 cents per share (48 cents a year).
To figure out how to earn $500 monthly from FNB, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by FNB&#8217;s dividend of 48 cents: $6,000 / $0.48 = 12,500 shares
So, an investor would need to own approximately $184,750 worth of FNB, or 12,500 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.48 = 2,500 shares, or $36,950 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
Price Action: Shares of FNB gained by 2.5% to close at $14.78 on Wednesday.
On Aug. 7, FNB said its Chief Audit Executive Christine Tvaroch is retiring after nearly 30 years of service to the company.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41366043/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image: Shutterstock

Long Ideas

Dividends

Markets

How To Earn $500 A Month From FNB Corp. Stock Ahead Of Q3 Earnings Results

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) will release its quarterly earnings report on Thursday, 2024-10-17. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate F N B to report an earnings per share (EPS) of $0.35.
Investors in F N B are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.01, leading to a 5.84% drop in the share price the following trading session.
Here's a look at F N B's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.34</td>
<td>0.35</td>
<td>0.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.34</td>
<td>0.38</td>
<td>0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-0.0%</td>
<td>2.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729090963_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/FNB/earnings">To track all earnings releases for F N B visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of F N B's Earnings

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has fallen 13.94% since its last report. The company recently reported that it has 6.73 million shares sold short, which is 2.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>F N B Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724246112_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for F N B has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing F N B's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, F N B's peer group average for short interest as a percentage of float is 3.47%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ACRE

ATCH

COHN

CRBG

FUTU

HIPO

HOOD

HSBC

HTGC

IBKR

JFIN

Janus Henderson Group plc Ordinary Shares

KSPI

LPLA

MOGO

MORN

NCPL

NDAQ

NRDS

PRAA

RILY

SHF Holdings, Inc. - Class A Common Stock

SHFS

SNEX

SPGI

STEP

TBBK

VCTR

VOYA

Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has fallen 3.81% since its last report. The company recently reported that it has 8.95 million shares sold short, which is 3.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>F N B Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721757611_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for F N B has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing F N B's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, F N B's peer group average for short interest as a percentage of float is 3.84%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Comerica Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cma#NYSE">CMA</a>) reported second-quarter 2024 adjusted earnings per share of $1.53, beating the Zacks Consensus Estimate of $1.19. However, the bottom line plunged 25.4% from the prior-year quarter.
Results benefited from increased loan demand and a strong capital position. Nil provisions recorded in the quarter were another supporting factor. However, a decline in net interest and fee income, along with increased expenses, was a major headwind. Probably due to these negative aspects, shares of the company lost more than 12% following the earnings release.
Net income attributable to common shareholders was $200 million, down 24.8% from the year-ago quarter.
<h3>Revenues Decline, Expenses Rise</h3>
Total quarterly revenues were $824 million, down 10.8% year over year. However, the top line surpassed the consensus estimate of $812.8 million.
Quarterly net interest income (NII) fell 14.2% on a year-over-year basis to $533 million. The net interest margin contracted 9 basis points year over year to 2.86%.
Total non-interest income was $291 million, down 4% on a year-over-year basis. The decrease was primarily due to a decline in card fees, fiduciary income, and other non-interest income.
Non-interest expenses totaled $555 million, up 3.7% year over year. An increase in salaries and benefits expenses, as well as FDIC insurance expenses, majorly led to the rise.
The efficiency ratio was 67.77% compared with the prior-year quarter&#39;s 57.50%. A rise in this ratio indicates lower profitability.
As of Jun 30, 2024, Total loans increased 2% on a sequential basis to $51.9 billion. However, total deposits decreased 1.8% from the previous quarter to $62.5 billion.
<h3>Credit Quality: Mixed Bag</h3>
The company did not record any provision for credit loss in the reported quarter compared with the year-ago quarter&#39;s provision for credit loss of $33 million.
The allowance for credit losses was $717 million, down 1.5% from the year-ago quarter.
Total non-performing assets increased 21.5% year over to $226 million.
Further, the allowance for credit losses to total loans ratio was 1.38% as of Jun 30, 2024, up from 1.31% as of Jun 30, 2023. Also, the company recorded net charge-offs of $11 million for the quarter under review.
<h3>Capital Position Improves</h3>
Total capital ratio was 14.02%, up from 12.79% reported in the year-ago quarter. The Common Equity Tier 1 capital ratio was 11.55%, up from 10.31% in the prior-year quarter.
Further, as of Jun 30, 2024, CMA&#39;s tangible common equity ratio was 6.49%, up from 5.06% in the prior-year quarter.
<h3>Our Viewpoint</h3>
The company&#39;s solid capital position will aid capital distribution activities in the upcoming period, boosting investors&#39; confidence in the stock. Also, an increase in loan balance and nil provisions is likely to support its financials. However, steadily mounting operating expenses and lower revenues remain a major concern.
<div class="chart_embed">
<h3>Comerica Incorporated Price, Consensus and EPS Surprise</h3>
<img alt="Comerica Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/cc/1721401194.png" style="height:265px; width:576px" title="" />
Comerica Incorporated price-consensus-eps-surprise-chart | Comerica Incorporated Quote
</div>
Currently, Comerica carries a Zacks Rank #5 (Strong Sell).
<h3>Performance of Other Finance Stocks</h3>
First Horizon Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) adjusted earnings per share (excluding notable items) of 36 cents missed the Zacks Consensus Estimate by a penny. Moreover, the figure declined 7.7% year over year.
FHN&#39;s results were adversely impacted by a fall in NII and non-interest income. Also, lower deposits and higher provisions were other negatives. Nonetheless, lower expenses and an increase in loan balances offered some relief.
F.N.B. Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnb#NYSE">FNB</a>) adjusted earnings per share of 34 cents lagged the Zacks Consensus Estimate by a penny. Moreover, the bottom line declined 12.8% from the prior-year quarter.
FNB&#39;s results were primarily affected by higher provisions, higher expenses and lower NII. Nonetheless, a higher non-interest income and a rise in average loans and deposit balances offered some support.
<a href="https://www.zacks.com/stock/news/2305540/comerica-cma-q2-earnings-beat-on-high-loan-demand-stock-falls?cid=CS-BENZ-FT-analyst_blog|earnings_article-2305540">To read this article on Zacks.com click here.</a>

Comerica Q2 Earnings Beat on High Loan Demand, Stock Falls

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Press Releases

F.N.B. Corporation Schedules Third Quarter 2024 Earnings Report and Conference Call

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F.N.B. Corporation Declares Cash Dividend of $0.12 on Common Stock

Offerings

F.N.B. Corporation Prices $500 Million Senior Notes Offering

Vincent J. Delie, Jr. Named CEO of the Year

Newly Opened FNB Financial Center Certified LEED Gold

F.N.B. Corporation Schedules Fourth Quarter 2024 Earnings Report and Conference Call

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