F N B (NYSE:FNB) Stock, Quote.Headers.trade-ideas

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.

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Comerica Incorporated (NYSE: CMA) 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.

Comerica Q2 Earnings Beat on High Loan Demand, Stock Falls

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Commercial real estate (&#34;CRE&#34;) continues to be an area of concern amid the high-interest-rate environment.

6 Regional Banks&#39; Ratings on Review for Downgrade by Moody&#39;s

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US financial stocks surge to record highs post-Fed meeting on expectations of economic growth and reduced borrowing costs, with Bank of America predicting a &#39;1995 soft landing scenario&#39; for bank stocks.

Bank Stocks Hit All-Time Highs: Analyst Points To Further Rally On &#39;A 1995 Soft Landing Scenario&#39;

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 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.

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

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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>

Piper Sandler analyst Frank Schiraldi 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 $15 to $17.

Price Target

Piper Sandler Maintains Overweight on F N B, Raises Price Target to $17

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

Reiteration

Stephens & Co. Reiterates Overweight on F N B, Maintains $16 Price Target

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. This is a 12.82 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $406.73 million which missed the analyst consensus estimate of $408.11 million by 0.34 percent. This is a 0.69 percent decrease over sales of $409.55 million the same period last year.

Earnings Misses

F N B Q2 Adj $0.34 Misses $0.35 Estimate, Sales $406.73M Miss $408.11M Estimate

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 maintains $16 price target.

Keefe, Bruyette & Woods Maintains Market Perform on F N B, Maintains $16 Price Target

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has risen 10.55% since its last report. The company recently reported that it has 7.16 million shares sold short, which is 2.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.69 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/2024/1718901920_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 grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more 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 3.53%, 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.

Justin Kurth Leads Streamlined Operations Organization Focused on Risk Management, Efficiency and Innovation
PITTSBURGH, June 17, 2024 /PRNewswire/ --&nbsp;F.N.B. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>), the parent Company of First National Bank, today announced it has enhanced its Bank Operations with a single, streamlined reporting structure. The updates are designed to enable FNB to more effectively apply automation, drive efficiency and innovation, further strengthen FNB's focus on risk management and create a superior customer experience.

FNB Announced It Has Enhanced Its Bank Operations With A Single, Streamlined Reporting Structure

Commercial real estate (&quot;CRE&quot;) continues to be an area of concern amid the high-interest-rate environment. Because of their significant exposure to CRE loans, the long-term ratings of at least six regional banks in the United States have been placed under review for downgrade by Moody&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mco#NYSE">MCO</a>). 
The banks are Old National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/onb#NASDAQ">ONB</a>), Fulton Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fult#NASDAQ">FULT</a>), F.N.B. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnb#NYSE">FNB</a>), WaFd, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>), First Merchants Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frme#NASDAQ">FRME</a>) and Peapack-Gladstone Financial Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgc#NASDAQ">PGC</a>). 
Notably, at the time when interest rates were low in the United States, various regional banks increased their concentrations in CRE, which, by nature, is a volatile asset class. 
Now, amid the higher interest rate environment (the Federal Reserve increased interest rates last year at the fastest pace in decades to contain the stubborn inflation, which slowed down credit demand), banks with a substantial concentration in CRE loans face ongoing credit quality and profitability issues. This is because higher rates have increased the longstanding risks of CRE for banks&#39; creditworthiness, particularly during cycle downturns. 
Moreover, unlike the largest regional banks, the above-mentioned banks are not subject to heightened prudential regulatory standards. Thus, these banks&#39; credit weaknesses are enlarged by lower regulatory requirements in relation to the larger banks. 
Accordingly, since CRE loans have a lower value now amid higher rates, these banks face heightened risks. 
According to Moody&#39;s, bank funding is under pressure now because depositors continue to switch to accounts with higher interest rates, which has been leading to a compression in banks&#39; net interest margins. 
Moody&#39;s said that its review for downgrade will focus on the extent to which the above-mentioned regional banks can maintain sufficient qualitative and quantitative risk mitigants to offset the dangers associated with their CRE loan exposures, especially with respect to their policy toward the amount of capital and liquidity that they retain. 
Particularly for FULT, Moody&#39;s will also consider the impact that the recent acquisition of Republic Bank will have on the bank&#39;s creditworthiness. 
Likewise, for WAFD, Moody&#39;s will consider the impact that the bank&#39;s loan sale (WAFD recently entered an agreement to sell a large pool of multi-family loans that it acquired as part of its acquisition of Luther Burbank) will have on its capital, liquidity and profitability profiles. 
Currently, WAFD, ONB, and FULT carry a Zacks Rank #3 (Hold). FNB carries a Zacks Rank #4 (Sell). 
<a href="https://www.zacks.com/stock/news/2285392/6-regional-banks-ratings-on-review-for-downgrade-by-moody-s?cid=CS-BENZ-FT-analyst_blog|industry_focus-2285392">To read this article on Zacks.com click here.</a>

6 Regional Banks' Ratings on Review for Downgrade by Moody's

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has fallen 23.79% since its last report. The company recently reported that it has 6.48 million shares sold short, which is 2.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.36 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/2024/1717434020_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 3.62%, 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

F N B's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) short percent of float has risen 9.04% since its last report. The company recently reported that it has 10.53 million shares sold short, which is 3.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.2 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/2024/1714050924_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 grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more 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 3.77%, which means the company has more 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.

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 lowers the price target from $16 to $15.

Stephens & Co. Maintains Overweight on F N B, Lowers Price Target to $15

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) reported quarterly Adj earnings of $0.34 per share which met the analyst consensus estimate. This is a 15 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $406.87 million which missed the analyst consensus estimate of $406.96&nbsp;million. This is a 2.20 percent decrease over sales of $416.04 million the same period last year.

F N B Q1 Adj EPS $0.34, Inline, Sales $406.87M Miss $406.96M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
&bull; VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is expected to report earnings for its first quarter.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $1.86 billion.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $9.89 billion.
&bull; First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $809.71 million.
&bull; U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $6.72 billion.
&bull; Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is estimated to report quarterly earnings at $4.81 per share on revenue of $10.49 billion.
&bull; BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $240.01 million.
&bull; Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $1.96 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) is likely to report earnings for its first quarter.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $28.45 million.
&bull; Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $122.32 million.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $2.94 billion.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is estimated to report quarterly earnings at $0.71 per share on revenue of $127.43 million.
&bull; Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $4.47 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $129.70 million.
&bull; First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $161.53 million.
&bull; Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $1.40 billion.
&bull; Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is projected to report quarterly loss at $0.43 per share on revenue of $2.58 billion.
&bull; Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $207.33 million.
&bull; Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $106.01 million.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $158.04 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is likely to report quarterly earnings at $0.46 per share on revenue of $69.80 million.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $47.52 million.
&bull; Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $0.99 per share on revenue of $548.06 million.
&bull; F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $407.30 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.09 billion.
&bull; Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is expected to report quarterly earnings at $2.99 per share on revenue of $4.05 billion.
&bull; Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is projected to report quarterly earnings at $1.46 per share on revenue of $397.07 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $3.67 billion.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is estimated to report quarterly earnings at $2.44 per share on revenue of $579.20 million.
&bull; Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $135.76 million.
&bull; Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $197.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.63 billion.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $272.17 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ASML

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HBCP

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MCRI

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OSBC

REXR

TFIN

WTFC

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Earnings Scheduled For April 17, 2024

FFWM

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Shares of stocks in the broader financial sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

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 $14 to $16.

Wells Fargo Maintains Overweight on F N B, Raises Price Target to $16

Shares of major U.S. financial stocks, as represented by the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), surged to record highs, in the wake of the March Federal Open Market <a href="https://www.benzinga.com/topic/fomc">Committee (FOMC) meeting.</a> 
This rally was fueled by anticipations of stronger economic growth and a reduction in borrowing costs, potentially boosting loan <a href="https://www.benzinga.com/topic/banks">demands for U.S. banks.</a>
Equity analyst Ebrahim H. Poonawala from Bank of America highlighted the market&#8217;s optimistic outlook in a note on Thursday, noting the Fed&#8217;s projection of three 25 basis point rate cuts in 2024 and its &#8220;fairly soon&#8221; reference to the commencement of the quantitative tightening (QT) taper represent bullish signals for bank stocks.
Following the FOMC&#8217;s latest meeting and comments by Fed Chair Jerome Powell, regional bank stocks, as indicated by the SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), witnessed a sharp increase of over 4%, and surged by a further 3% on Thursday&#8217;s morning trading. 
Chart: US Financial Stocks Soar To Record Highs Post-Fed Meeting 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="476" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1024x476.png" alt="" class="wp-image-260811" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1024x476.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-768x357.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1536x714.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">A Shift In Market Sentiment: Toward A 1995 Scenario?</h3>
Poonawala&#8217;s analysis suggests that the increased confidence in a more lenient monetary policy has led markets to reassess the likelihood of tail risk events negatively impacting the economy. 
Instead, there&#8217;s a growing belief of &#8220;a 1995&nbsp;soft landing scenario for bank stocks,&#8221; where the sector could experience significant growth. 
Reflecting on history, the analysis recalled the year 1995, when bank stocks soared by 54% following a pause in Federal Reserve rate hikes, significantly outperforming the S&amp;P 500&#8217;s 34% gain.
<h3 class="wp-block-heading">Bank of America&#8217;s Bullish Outlook On Major Banks</h3>
The report further emphasized Bank of America&#8217;s continued positive stance on leading financial institutions such as Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), propelled by the expectation of an upturn in capital market activities. 
This optimistic view was reinforced by the stellar debut of Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) and the high-end pricing of Reddit&#8216;s IPO, suggesting a favorable risk/reward scenario for Goldman Sachs and Morgan Stanley.
<h3 class="wp-block-heading">Potential For &#8216;Super-Regional Banks&#8217; To Narrow The Gap Versus Major Players</h3>
Despite potential challenges such as increasing regulatory pressures and commercial real estate concerns, there appears to be room for regional banks to reduce the valuation gap with their Global Systemically Important Banks (GSIB) counterparts. 
Bank of America highlighted that super-regional banks – an elite group represented by U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>), F.N.B. Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>), First Bancorp. New (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) – are trading at an 8% discount relative to GSIBs, a notable shift from their historical 14% premium.
<h3 class="wp-block-heading">Goldman Sachs Is Bullish On First Citizens Bancshares</h3>
In a related analysis, Goldman Sachs equity analyst Ryan M. Nash initiated coverage on First Citizens Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>) with a Buy rating and <a href="https://www.benzinga.com/news/24/03/37864877/goldman-sachs-initiates-coverage-on-first-citizens-bancshares-with-buy-rating-announces-price-target">a $1,950 price target. </a>
Described as a leading regional bank, First Citizens Bancshares is well-positioned to return more than 20% of its market capitalization to shareholders through buybacks in the near term. Despite concerns over credit impairments linked to commercial real estate. 
Nash believes that the bank&#8217;s reserves are sufficient and anticipates an improvement in potential losses over time.
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37859344/s-p-500-closes-at-record-high-after-fed-charts-interest-rate-path-markets-continue-">S&amp;P 500 Closes At Record High After Fed Charts Interest Rate Path: &#8216;Markets Continue To Have A Green Light To Run Higher,&#8217; CIO Says</a>
Image created using artificial intelligence with Midjourney.

Bank Stocks Hit All-Time Highs: Analyst Points To Further Rally On 'A 1995 Soft Landing Scenario'

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>F.N.B. Corporation </h3>
<ul>
<li>The Trade: F.N.B. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnb#NYSE">FNB</a>) Director William B Campbell <a href="https://www.benzinga.com/quote/FNB/analyst-ratings"> acquired a total of 1,500 shares </a> an average price of $13.52. To acquire these shares, it cost around $20,274.</li>
<li>What&rsquo;s Happening: On Feb. 13, F.N.B. declared a cash dividend of 12 cents per share on common stock.</li>
<li>What F.N.B. Corporation Does: F N B Corp provides a full range of financial services, principally to consumers, corporations, governments and small- to medium-sized businesses.</li>
</ul>
<h3>Mercury Systems </h3>
<ul>
<li>The Trade: Mercury Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrcy#NASDAQ">MRCY</a>) 10% owner Jana Partners Management, LP acquired a total of 377,913 shares at an average price of $29.26. To acquire these shares, it cost around $11.06 million.</li>
<li>What&rsquo;s Happening: On Feb. 6, Mercury Systems reported worse-than-expected second-quarter financial results.</li>
<li>What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Enphase Energy </h3>
<ul>
<li>The Trade: Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) President and CEO Badrinarayanan Kothandaraman <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 4,000 shares </a> at an average price of $120.54. To acquire these shares, it cost around $482,154.</li>
<li>What&rsquo;s Happening: On Feb. 14, RBC Capital initiated coverage on the stock with an Outperform rating and $140 price target.</li>
<li>What Enphase Energy Does: Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37384925/fear-greed-index-remains-in-extreme-greed-zone-pce-data-in-focus"> Fear &amp; Greed Index Remains In &#39;Extreme Greed&#39; Zone; PCE Data In Focus </a>

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$11M Bet On This Industrial Stock? Check Out These 3 Stocks Insiders Are Buying

In a report released today, Manuel Navas from D.A. Davidson maintained a Buy rating on F.N.B. (FNB – Research Report). The company's shares closed ...

F.N.B. (FNB) Gets a Buy from D.A. Davidson

F.N.B. Corporation (FNB) Q2 2024 Earnings Call Transcript

Warning: FNB is at high risk of performing badly

Bank of America Securities analyst Brandon Berman maintained a Buy rating on F.N.B. (FNB – Research Report) today. The company's shares opened toda...

F.N.B. (FNB) Receives a Buy from Bank of America Securities

F.N.B. declares $0.12 dividend

F.N.B. files automatic mixed securities shelf

F.N.B. goes ex dividend today

F.N.B. Corporation: Limited Upside Given Weaker NIM Potential (Rating Downgrade)

Fintech

Press Releases

FNB's eStore® Named Best Digital Initiative Nationally

FNB Enhances Bank Operations With New Structure

Governor Shapiro Tours New FNB Headquarters in Pittsburgh

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

FNB Expands National and Regional Recognition as a Top Workplace

F.N.B. Corporation Reports Second Quarter 2024 Earnings

Dividends

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

F.N.B. Corporation Promotes Insider to Chief Audit Executive

FNB Named a Pittsburgh-Area Top Workplace for 14 Consecutive Years

FNB Earns Worldwide, National Recognition for Exceptional Performance and Workplace Experience

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