Earnings of FNB Corporation (FNB) are likely to plunge this year mostly due to the Fed funds rate cut. The company’s net interest margin will suffer as assets will reprice faster than liabilities following the interest rate decline. FNB’s assets are quite sensitive to interest rates because the company has a high proportion of floating-rate loans in total loans. Moreover, the COVID-19 pandemic is likely to drive up provisions charge which will further pressurize the bottom-line. Furthermore, non-interest expenses are likely to modestly increase on the back of investment plans. Consequently, I’m expecting