* Q4 EPS $0.04 vs est $0.11
* Provision for bad loans rose 57 pct sequentially
Jan 25 (Reuters) - Bank holding company F.N.B. Corp reported a fourth-quarter profit that missed analysts' estimates, hurt by a sequential rise in provision for loan losses and a charge related to its pooled trust preferred securities.
The company said net income was $4.6 million, or 4 cents a share, compared with a net loss of $18.9 million, or 21 cents a share, last year.
Analysts on average were expecting the bank to earn 11 cents a share, according to Thomson Reuters I/B/E/S.
The company incurred non-cash impairment charges of $2.4 million related to pooled trust preferred securities.
Provision for loan losses rose sequentially to $25.9 million from $16.5 million.
The company, which saw growth in its Pennsylvania commercial loan portfolio, said net interest income before provision for loan losses rose slightly to $69.6 million.
Shares of the company closed at $7.21 Monday on the New York Stock Exchange.
(Reporting by Abhinav Sharma in Bangalore; Editing by Anne Pallivathuckal) Keywords: FNBCORP/ (abhinav.sharma@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: abhinav.sharma.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Provision for bad loans rose 57 pct sequentially
Jan 25 (Reuters) - Bank holding company F.N.B. Corp reported a fourth-quarter profit that missed analysts' estimates, hurt by a sequential rise in provision for loan losses and a charge related to its pooled trust preferred securities.
The company said net income was $4.6 million, or 4 cents a share, compared with a net loss of $18.9 million, or 21 cents a share, last year.
Analysts on average were expecting the bank to earn 11 cents a share, according to Thomson Reuters I/B/E/S.
The company incurred non-cash impairment charges of $2.4 million related to pooled trust preferred securities.
Provision for loan losses rose sequentially to $25.9 million from $16.5 million.
The company, which saw growth in its Pennsylvania commercial loan portfolio, said net interest income before provision for loan losses rose slightly to $69.6 million.
Shares of the company closed at $7.21 Monday on the New York Stock Exchange.
(Reporting by Abhinav Sharma in Bangalore; Editing by Anne Pallivathuckal) Keywords: FNBCORP/ (abhinav.sharma@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: abhinav.sharma.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.