F.N.B. stock fell following a Bank of America downgrade despite Q2 earnings matching analyst estimates.
F.N.B. (FNB) shares dropped 2.56% to $18.67 in Monday morning trading after Bank of America Securities downgraded the stock. The regional bank reported second-quarter GAAP earnings per share of $0.42, aligning with consensus estimates.
The downgrade followed the earnings release, though revenue figures were not fully detailed in the report. Prior to the downgrade, FNB had traded near $19.10, reflecting a modest pullback in regional bank stocks this quarter.
No immediate market reaction beyond the price decline was reported.