Interactive Brokers shares jump as it secures spot in S&P 500
Investing.com - Raymond (NSE:RYMD) James raised its price target on F.N.B. Corporation (NYSE:FNB) to $18.00 from $15.00 while maintaining an Outperform rating on the stock. The regional bank, currently valued at $5.78 billion, appears undervalued according to InvestingPro analysis.
The price target increase follows F.N.B.’s second-quarter results, which showed strong core trends including lower funding costs and asset repricing that supported net interest margin and net interest income upside.
Raymond James noted that F.N.B. demonstrated improvements in capital levels and asset quality during the quarter, while fee revenues outperformed expectations.
The bank raised its 2025 net interest income guidance, which Raymond James suggests could prove conservative if improving commercial loan growth pipelines accelerate as anticipated.
Despite trading below peers, F.N.B. is expected to deliver solid profitability, credit quality, and capital, leading Raymond James to view the risk-reward profile positively at current share levels.
In other recent news, FMB Corporation reported its Q2 2025 earnings, which exceeded Wall Street forecasts. The company achieved an earnings per share (EPS) of $0.36, surpassing the expected $0.34, and recorded revenue of $438.21 million, beating the anticipated $425.41 million. This performance was driven by record levels of net interest and non-interest income, with net interest income reaching $347 million and non-interest income at $91 million. Additionally, FMB Corporation’s return on average tangible common equity was reported at 14%. Meanwhile, DA Davidson reiterated a Buy rating for F.N.B. Corporation, highlighting strong quarterly performance metrics. F.N.B. Corporation reported a 7% quarter-over-quarter growth in net interest income and a 5% increase in both loan and deposit growth. The company’s net interest margin expanded by 16 basis points, and tangible common equity rose to 8.5%. These recent developments reflect the financial health and strategic initiatives of both FMB Corporation and F.N.B. Corporation.
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