- The provision expense will likely decline as FNB has already built large allowances for credit losses. Further, the credit risk will likely continue to decline next year.
- Lower reinvestment rates will likely pressurize the average portfolio yield for next year.
- Repricing down of deposits and loan growth will partly offset the yield impact on net interest income.
- The target price for December 2021 suggests a high upside. Further, FNB is offering an attractive dividend yield.
For further details see:
F.N.B. Corporation: Undervalued With Outlook Of Only A Small Dip In Earnings