F.N.B Profit Down, But Progress in Florida

F.N.B's Earnings Press Release (PDF)
2Q '09 Earnings Scorecard

Tracking the performance of 24 of the largest financial services companies against analysts' estimates, with links to relevant coverage, filings, releases, and bank benchmark profile data.

July 24

F.N.B. Corp. in Hermitage, Pa., said Friday it made progress on reducing its troubled Florida loans.

F.N.B.'s second-quarter net income available to common shareholders shrunk by 37% from a year earlier, to $9.1 million. The $8.7 billion-asset company said its Florida exposure declined by $21.6 million, or 7%, since March 31. Half of the reduction came from cash payments and half from chargeoffs.

Bonnie McGeer

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