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First BanCorp (FBP) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.62%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.54 per share when it actually produced earnings of $0.62, delivering a surprise of +14.81%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First BanCorp, which belongs to the Zacks Banks - Foreign industry, posted revenues of $260.12 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 3.75%. This compares to year-ago revenues of $248.71 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First BanCorp shares have added about 31.9% since the beginning of the year versus the S&P 500's gain of 13.3%. While First BanCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First BanCorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.62 on $273.86 million in revenues for the coming quarter and $2.40 on $1.07 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Foreign is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Nu Holdings Ltd. (NU), has yet to report results for the quarter ended September 2026. This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +35.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Nu Holdings Ltd.'s revenues are expected to be $5.73 billion, up 37.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First BanCorp. (FBP) : Free Stock Analysis Report Nu Holdings Ltd. (NU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Financial services giant PNC (NYSE:PNC) met Wall Street's revenue expectations in Q3 2026, with sales up 10.7% year on year to $6.62 billion. Its non-GAAP profit of $5.09 per share was 2.2% above analysts' consensus estimates. Is now the time to buy PNC? Find out in our full research report (it's free). - Revenue: $6.62 billion vs analyst estimates of $6.61 billion (10.7% year-on-year growth, in line) - Adjusted EPS: $5.09 vs analyst estimates of $4.98 (2.2% beat) - Market Capitalization: $85.75 billion Management attributed the results to continued strong momentum in client growth and loan origination, particularly in expansion markets and through the successful integration of FirstBank. CEO William Demchak highlighted, "All of our businesses are experiencing robust growth, in part driven by the high growth rates of our expansion markets and most recently, the successful conversion of FirstBank." Growth in corporate and institutional banking, as well as increased client relationships in retail banking, were key drivers this quarter. Looking ahead, PNC's outlook is shaped by anticipated further loan growth, the repricing of fixed-rate assets, and ongoing investments in technology and client capabilities. Management expects continued positive operating leverage, supported by higher net interest income and growth across fee-generating businesses. CFO Robert Reilly emphasized, "the fixed rate asset repricing and the mechanical nature of that is real...it continues for PNC and the magnitude is big." The company is also focused on leveraging its technology infrastructure and digital platforms to sustain client acquisition and deepen relationships, while remaining attentive to expense management and prudent risk controls. Management identified several business-specific factors that influenced third quarter performance and the company's forward strategy. - Expansion market gains: PNC's expansion markets delivered strong client growth, adding roughly 500 new commercial relationships year-to-date. These newer geographies are now growing 2 to 3 times faster than legacy markets, with the Southwest, California, and Florida highlighted as areas of particular strength. Management attributes much of its above-industry loan growth to share gains in these regions. - Corporate lending momentum: Loan growth was concentrated in corporate and institutional banking, with average C&I (commercial and industrial) loan balances up 5% during the quarter and 17% year-over-year. The majority of growth was in high-quality, lower-spread loans, which, while pressuring net interest margin, contributed to fee income and broader client engagement. The successful integration of the FirstBank acquisition also contributed to loan growth. - Fee income trends mixed: While capital markets fees were up 40% year-to-date, third quarter fee income was impacted by lower capital markets activity compared to an elevated second quarter, as well as integration-related fee waivers in cash management. Asset management fees and brokerage assets continued to grow, supported by favorable market conditions and client activity. - Deposit mix and costs: Deposit growth was driven by commercial interest-bearing balances and brokered certificates of deposit (CDs). This shift in deposit mix, along with increased competition for deposits, led to a modest rise in interest expense. Noninterest-bearing deposits remained stable, but management expects further pressure on deposit costs, especially as rate hikes continue. - Technology and branch investments: PNC continued to invest in digital capabilities, rolling out a new mobile app and total rewards program while expanding its branch footprint. These initiatives are designed to support ongoing client acquisition and deepen existing relationships, particularly in growth markets. Management also discussed ongoing investments in artificial intelligence infrastructure as a foundation for long-term efficiency and product development. Management expects future growth to be driven by continued expansion in new markets, loan repricing, and disciplined investment in technology and client relationships. - Fixed-rate asset repricing: The repricing of fixed-rate loans and securities is expected to be a significant driver of net interest income in the coming quarters and into next year. CFO Robert Reilly noted this provides "some certainty that you typically wouldn't have this far in advance," allowing management to project net interest income growth above current run rates. - Expense and efficiency focus: PNC's continuous improvement program aims to reduce costs by $350 million this year, funding investments in technology and business growth. Management cautioned that technology investments—particularly related to artificial intelligence—will be ongoing, but expects productivity gains and operational efficiencies to eventually offset cost increases. - Deposit dynamics and market risk: Management expects deposit costs to rise in line with historical rate cycles as the Federal Reserve continues tightening. The shift towards more interest-bearing deposits, especially from commercial clients, will impact funding costs. CEO Demchak also acknowledged the long-term competitive risks posed by technological changes in deposit management, though PNC is investing in its own digital infrastructure to remain competitive. In upcoming quarters, the StockStory team will be watching (1) whether expansion market momentum continues to drive above-industry loan and client growth, (2) the pace and impact of fixed-rate asset repricing on net interest income and margins, and (3) execution on technology-driven efficiency gains and digital client engagement initiatives. Credit quality trends and the competitive landscape for deposits will also be key signposts. PNC Financial Services Group currently trades at $214.30, in line with $215.80 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

PNC delivered a third quarter that saw revenue growth but missed Wall Street's top-line expectations, while adjusted earnings per share were slightly above consensus. Management attributed the results to continued strong momentum in client growth and loan origination, particularly in expansion markets and through the successful integration of FirstBank. CEO William Demchak highlighted, "All of our businesses are experiencing robust growth, in part driven by the high growth rates of our expansion markets and most recently, the successful conversion of FirstBank." Growth in corporate and institutional banking, as well as increased client relationships in retail banking, were key drivers this quarter. Is now the time to buy PNC? Find out in our full research report (it's free). - Revenue: $6.62 billion vs analyst estimates of $6.61 billion (10.7% year-on-year growth, in line) - Adjusted EPS: $5.09 vs analyst estimates of $4.98 (2.2% beat) - Market Capitalization: $86.36 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. - John Pancari (Evercore ISI) asked about the sustainability of net interest margin given loan mix and deposit cost trends. CEO William Demchak said, "We're confident with the momentum and where we're going and the growth and all of the above," but stopped short of providing specific margin guidance beyond Q4. - Robert Scott Siefers (TD Cowen) inquired about client sentiment and the potential impact of rising rates on lending demand. Demchak responded that higher rates might eventually slow borrowing, but "we're not seeing any instance of that yet, and our pipelines remain strong." - L. Erika Penala (UBS) pressed management on net interest income growth outlook for 2027. CFO Robert Reilly stated, "the fixed rate asset repricing...continues for PNC and the magnitude is big," suggesting confidence in future NII growth above 2026's levels. - Manan Gosalia (Morgan Stanley) questioned deposit beta and dynamics as rates rise. Reilly stated that PNC expects betas in the mid-50s, consistent with past cycles, and acknowledged that commercial deposit growth is driving higher funding costs. - Ebrahim Poonawala (Bank of America) asked about the balance between AI-driven productivity gains and rising cyber risk costs. Demchak explained that foundational investments in infrastructure should create long-term cost savings and competitive advantages, even as cyber spending increases in the short term. In upcoming quarters, the StockStory team will be watching (1) whether expansion market momentum continues to drive above-industry loan and client growth, (2) the pace and impact of fixed-rate asset repricing on net interest income and margins, and (3) execution on technology-driven efficiency gains and digital client engagement initiatives. Credit quality trends and the competitive landscape for deposits will also be key signposts. PNC Financial Services Group currently trades at $216.30, in line with $215.80 just before the earnings. Is there an opportunity in the stock? The answer lies in our full research report (it's free for active Edge members). WHILE YOU'RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

- Interested in Regions Financial Corporation? Here are five stocks we like better. - Regions Financial reported strong third-quarter results, with net income of $611 million, adjusted earnings of $622 million, and a 22% adjusted return on tangible common equity. - Loan growth moderated but remained supported by commercial lending, while net interest margin improved to 3.68%. Regions expects fourth-quarter net interest income to rise 1%–2% and margin to reach approximately 3.70%. - Credit quality and capital strengthened: net charge-offs declined to 29 basis points, the CET1 ratio was estimated at 10.8%, and the bank repurchased $95 million in shares while paying $255 million in dividends. - FB Financial's Southern Expansion and Buybacks Drive Analyst Optimism Regions Financial (NYSE:RF) reported third-quarter 2026 net income of $611 million, or $0.71 per share, while adjusted earnings totaled $622 million, or $0.73 per share. The company reported adjusted pre-tax, pre-provision income of $870 million and an adjusted return on tangible common equity of 22%. Chairman, President and CEO John Turner said the quarter reflected continued customer engagement, investments in talent and technology, and strength in the company's credit and fee-based businesses. He said Regions continued to grow consumer households and checking accounts, while commercial clients remained active in business, technology and long-term investments. → Don't Get NVIDIA's Reflection AI Interest Wrong: Its Moat Could Deepen - 3 Regional Bank Stocks to Buy on Relaxed Regulations CFO Anil Chadha said both average and ending loan balances increased modestly from the second quarter, though growth slowed from the pace seen in the first half of the year. Growth was driven by commercial lending, including government and public-sector lending and wholesale and financial-services clients. Loan growth remained concentrated among investment-grade commercial borrowers, although Regions said production trends were healthy in emerging commercial and middle-market businesses following recent hiring investments. Consumer loan balances declined modestly as growth in credit card and home equity balances was offset by softer residential mortgage and home-improvement financing activity. → Tesla Wants to Make Its Own Chips—What Could Go Wrong? - New York Community Bank stock plummets amid real estate risks Regions maintained its outlook for average loans to rise by a low-single-digit percentage in 2026 compared with 2025. Turner said third-quarter production rose about $4 billion year over year, representing a 60% increase. He added that businesses were continuing to invest and expressed a generally positive view of the economy. The company did note that higher rates were affecting investor real estate activity. Turner said new activity in that portfolio was slowing because rising costs made transaction economics more difficult, though multifamily lending continued to benefit from previously committed projects that were funding. → Birkenstock's Strong Growth Creates a Buying Opportunity Net interest income increased 2% from the prior quarter, while net interest margin rose 2 basis points to 3.68%. Interest-bearing deposit costs increased just 1 basis point to 1.70% during the quarter. Chadha said Regions expects interest-bearing deposit beta to remain in the mid- to high-30% range through the current rising-rate cycle. The company expects fourth-quarter net interest income to increase between 1% and 2%, assuming the next Federal Reserve rate increase occurs in December. Regions expects fourth-quarter net interest margin to be about 3.70%. The company cited several factors supporting the outlook, including fixed-rate asset repricing, deposit-cost discipline, balance-sheet growth and a seasonal HR asset dividend. During the third quarter, yields on newly originated fixed-rate assets were about 100 basis points above yields on maturities. Regions expects that repricing advantage to expand to between 100 and 125 basis points in the fourth quarter. Deposits declined modestly during the quarter, primarily because several large commercial customers used institutional investment services for specific strategies and because of seasonal public-funds outflows. Regions said it manages about $16 billion of excess commercial client balances through liquid off-balance-sheet investment products. Still, commercial non-interest-bearing balances increased, and small-business account openings reached their highest year-to-date level in a decade, excluding the pandemic period. Regions expects average deposits for 2026 to increase by a low-single-digit percentage from the prior year. Turner said the company is prioritizing customer acquisition and operational account growth rather than using pricing as its primary deposit-growth strategy. Adjusted non-interest income increased 3% from the second quarter, supported by record revenue in capital markets and treasury management, as well as higher commercial credit fees, bank-owned life insurance income and other non-interest income. Those gains were partly offset by a $28 million decline in the market value of employee benefit assets. Capital markets income increased 23% from the previous quarter, driven by stronger merger-and-acquisition advisory work, securities underwriting and placement fees, commercial swap income and syndications revenue. Regions expects fourth-quarter capital markets revenue between $90 million and $105 million, with client activity and market conditions determining where results fall within that range. Wealth management revenue declined from record second-quarter levels but remained above the prior-year period. Turner said the company still expects to finish 2026 with a record year in wealth management. For the full year, Regions continues to expect adjusted non-interest income growth of 3% to 5% from 2025, with results tracking toward the lower end of that range. Credit quality strengthened during the quarter. Annualized net charge-offs fell 13 basis points from the previous quarter to 29 basis points of average loans. The business-services criticized ratio declined 30 basis points to 4.71%, while the nonperforming loan ratio fell 8 basis points to 59 basis points. The allowance for credit losses ratio declined 2 basis points to 1.61%. Regions continues to expect full-year net charge-offs of 40 to 50 basis points, now trending toward the lower end of that range. Turner said the company expects credit conditions to remain stable, though it continues to monitor multifamily exposure in Texas, as well as office and transportation portfolios. The company ended the quarter with an estimated common equity Tier 1 ratio of 10.8%. Including the impact of accumulated other comprehensive income and proposed Basel III endgame risk-weighted asset changes, Regions estimated its CET1 ratio at about 10%, above its stated target range of 9.25% to 9.75%. During the quarter, Regions repurchased $95 million of shares and paid $255 million in common dividends. Chadha said the company generates roughly 50 basis points of capital per quarter and remains positioned to invest in growth while returning capital to shareholders when appropriate. Regions said it is making progress on its cloud-based deposit platform and broader modernization program. Turner described the initiative as one of the company's largest technology projects and said an initial pilot involving associates, friends and family would begin within weeks. A broader pilot is planned for the first quarter of 2027, followed by phased customer conversions through 2027, with completion expected near the end of the second quarter or early in the third quarter. The company said the platform is expected to provide real-time capabilities and enable faster product and pricing changes. Regions also expects technology spending, including cybersecurity investments related to evolving artificial-intelligence risks, to remain elevated for several years before declining as revenue grows. Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions. Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Regions Financial Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

- Interested in First Horizon Corporation? Here are five stocks we like better. - First Horizon plans to sell approximately $4.5 billion of lower-yielding residential mortgage loans at an estimated 10% discount, aiming to improve margins, reduce its loan-to-deposit ratio to about 88%, and generate roughly 4% EPS accretion in 2027. - The company reported third-quarter adjusted EPS of $0.53, up 4% year over year, while net interest margin reached 3.48%. Client deposits grew strongly, with more than $1 billion added during the quarter, despite lower period-end deposits due to reduced brokered CDs. - First Horizon expects to resume share repurchases in the fourth quarter, supported by a 10.3% CET1 ratio and more than $660 million in remaining buyback capacity; management also anticipates positive operating leverage in 2027. - FB Financial's Southern Expansion and Buybacks Drive Analyst Optimism First Horizon (NYSE:FHN) reported adjusted earnings per share of $0.53 for the third quarter of 2026, up 4% from a year earlier, while outlining a planned sale of approximately $4.5 billion of lower-yielding residential mortgage loans as part of a broader balance-sheet and mortgage-business realignment. Chairman, President and CEO Bryan Jordan said the company has grown its commercial loan portfolio by nearly $2 billion over the past year and remains focused on expanding full client relationships. The mortgage loan sale is intended to create capacity for relationship-based lending, improve profitability and provide greater flexibility in managing deposits and wholesale funding. → Don't Get NVIDIA's Reflection AI Interest Wrong: Its Moat Could Deepen - Banking and trucking: Is the economy rolling toward troubles? "We sized the portfolio based on trying to extract out or sell what was essentially non-relationship portfolio assets," Jordan said during the earnings call. The loans being sold have about $200 million in associated deposits, he said, and were selected to exclude relationships tied to private-client and wealth businesses. Chief Financial Officer Hope Dmuchowski said the company entered into a sale agreement in October and expects to settle the transaction early in the fourth quarter. The transaction involves mortgage loans with an overall weighted-average coupon of 3.85% and is expected to be completed at an approximate 10% all-in discount. → Tesla Wants to Make Its Own Chips—What Could Go Wrong? - PacWest, First Horizon Shares Plummet On Continued Bank Worries First Horizon expects the sale to reduce its loan-to-deposit ratio to roughly 88%, improve net interest margin immediately and produce approximately 4% earnings-per-share accretion in 2027, excluding potential benefits from redeploying proceeds into new loans. The company also expects the transaction to improve adjusted return on tangible common equity by about 150 basis points. Dmuchowski said the immediate use of proceeds will include paying down wholesale funding and investing in short-term floating-rate securities. Over time, management expects to redeploy a portion of the proceeds into higher-yielding lending opportunities. → Birkenstock's Strong Growth Creates a Buying Opportunity Jordan said he expects the company could deploy roughly half of the $4.5 billion in proceeds, or a little more than $2 billion, into incremental loan growth over the next two to three years, depending on economic conditions, interest rates and inflation. The restructuring also includes reductions within the mortgage line of business to more closely align mortgage production with core clients. Jordan said the company does not expect additional major balance-sheet-profile changes following the transaction, instead emphasizing execution in treasury management, wealth management and broader client relationship efforts. First Horizon's net interest margin was 3.48% in the third quarter, down 1 basis point from the prior quarter. Net interest income increased $7 million, supported by higher loan yields and customer deposit growth that replaced brokered deposits during the period. The company said it expects net interest margin to move into the 3.50% range in the fourth quarter. Dmuchowski said the mortgage transaction should support continued margin strength through 2027, particularly as the balance sheet becomes more asset sensitive. Client deposits rose by more than $1 billion during the quarter, although period-end total deposits declined by $400 million as brokered certificates of deposit decreased. New client deposits grew approximately $1.5 billion, management said. The average rate paid on interest-bearing deposits increased 12 basis points sequentially to 2.45%, reflecting higher average brokered deposits, increased customer deposit costs and the resetting of indexed client deposits. Dmuchowski said First Horizon is targeting a deposit beta of approximately 60% through an interest-rate-increase cycle, while noting that quarterly outcomes may vary depending on the timing and number of rate moves. Management said it was not seeing broad deposit mix shifts, arguing that rate-sensitive customers had largely already adjusted their balances. Dmuchowski said inflation has instead contributed to customers maintaining lower average operating and checking-account balances as they spend funds more quickly. Period-end loans declined $5.5 billion from the prior quarter, primarily because of the reclassification of mortgage loans associated with the planned portfolio sale. Loans to mortgage companies declined $891 million, while commercial and industrial loans excluding mortgage-company lending fell $96 million. Commercial real estate loans increased $97 million. Jordan said commercial loan demand remained steady overall, though he acknowledged that rising rates and inflation could slow activity as the company enters 2027. He pointed to specialty businesses including mortgage warehouse lending, franchise finance, equipment leasing, and trucking and transportation as sources of asset-generation capacity. Chief Credit Officer Thomas Hung said credit performance in commercial real estate has remained solid, citing disciplined underwriting and an average commercial real estate net charge-off rate of 17 basis points since the beginning of 2023. He said the company continues to see a robust refinancing market for development deals, including activity from commercial banks and private-credit providers. - Nonperforming loans were unchanged at 81 basis points, with nonaccrual balances declining $49 million. - Net charge-offs increased $3 million sequentially to $36 million, or 22 basis points of loans. - Excluding the mortgage restructuring impact, provision for credit losses was $20 million. - The allowance for credit losses-to-loans ratio increased 1 basis point to 1.25%, primarily due to loan mix changes tied to the mortgage reclassification. First Horizon ended the quarter with a common equity tier 1 ratio of 10.3%, while tangible book value per share was $13.84, down 5% from the prior quarter due to the mortgage transaction's impact. Tangible common equity to total assets stood at 7.93%. Jordan said the company expects to resume share repurchases in the fourth quarter and remains comfortable operating with a CET1 ratio in the 10.25% to 10.5% range. He said the company had more than $660 million of remaining repurchase capacity and would remain opportunistic. The company continues to pursue a previously discussed opportunity to generate more than $100 million of pre-provision net revenue, with management saying it is about 40% of the way toward that goal. Jordan said the expected $45 million after-tax benefit from the mortgage transaction is incremental to that initiative. Dmuchowski said First Horizon does not anticipate the significant reinvestment levels seen several years ago and expects expense growth to be inflationary on a year-over-year basis. Management expects positive operating leverage in 2027 while continuing to invest in banking centers, technology, artificial intelligence initiatives and hiring. First Horizon Corporation (NYSE:FHN) is a financial services company headquartered in Memphis, Tennessee. Through its banking subsidiary, First Horizon Bank, the company provides a range of financial products and services to consumers, businesses, and institutions. Its main activities include consumer and commercial banking, lending, deposit accounts, treasury and cash-management services, mortgage banking, and investment and wealth-management services. First Horizon also offers capital-markets and investment-banking services through its specialized businesses, serving clients across various industries and market segments. The company traces its roots to First Tennessee Bank, which was founded in Memphis in 1864. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "What First Horizon (FHN) Said on Its Q3 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

The PNC Financial Services Group, Inc. PNC has delivered adjusted earnings per share of $5.09 in the third quarter of 2026, beating the Zacks Consensus Estimate of $4.97. The bottom line increased 17% from $4.35 in the year-ago quarter. Results reflected higher net interest income (NII), solid loan and deposit growth and improved operating efficiency. However, higher expenses and increased net loan charge-offs were headwinds. Results excluded FirstBank integration costs and certain significant items. After considering those, net income (GAAP basis) was $2.10 billion, up 15.1% from the year-ago quarter. Quarterly revenues were $6.56 billion, up 10.9% year over year. The top line missed the Zacks Consensus Estimate of $6.60 billion. NII rose 15.3% year over year to $4.21 billion, benefiting from commercial loan growth, the FirstBank acquisition and lower funding costs. The company's net interest margin (NIM) improved to 2.94%, expanding 15 basis points year over year. Non-interest income totaled $2.36 billion, up 3.9% from the third quarter of 2025. Within fee income categories, asset management and brokerage revenues increased 10.6%, card and cash management revenues rose 4.3%, and lending and deposit services revenues grew 6.9%. Capital markets and advisory revenues remained relatively stable, while residential and commercial mortgage revenues declined 16.1%. Non-interest expenses increased 8.4% year over year to $3.75 billion. The rise reflected continued investments to support business growth and the addition of FirstBank operating expenses. The efficiency ratio fell to 57% from 59% in the year-ago quarter. A decline in the efficiency ratio indicates rising profitability. Total loans increased 16% year over year to $378.8 billion as of Sept. 30, 2026, driven by commercial loan growth and the addition of FirstBank loans. Average loans grew 14% year over year to $372.2 billion. Total deposits rose 7.8% year over year to $466.4 billion, reflecting growth in commercial interest-bearing deposits, new and expanded client relationships, and the FirstBank acquisition. Average deposits increased 6.8% year over year to $461.2 billion. Total non-performing loans were $2.19 billion, up 2.7% from the year-ago quarter. However, the non-performing-loans-to-total-loans ratio declined to 0.58% from 0.65% a year ago. Net loan charge-offs were $257 million, up 43.6% from the year-ago quarter. The figure included $35 million related to the transfer of the student loan portfolio to held-for-sale. The net charge-offs to average loans ratio was 0.28%, up from 0.22% in the prior-year quarter. The company reported a provision for credit losses of $189 million, up 13.2% year over year. The allowance for credit losses increased to $5.4 billion from $5.3 billion as of Sept. 30, 2025. However, the allowance for the credit-losses-to-total-loans ratio declined to 1.42% from 1.61% in the year-ago quarter. As of Sept. 30, 2026, the Basel III common equity tier 1 capital ratio was 9.8% compared with 10.7% as of Sept. 30, 2025. Return on average assets and average common shareholders' equity were 1.32% and 13.89%, respectively, compared with 1.27% and 13.24% in the year-ago quarter. In the third quarter of 2026, PNC returned $1.4 billion of capital to shareholders. This included $0.8 billion in common stock dividends and $0.6 billion in common share repurchases. The company expects share repurchase activity in the fourth quarter of 2026 to be in line with the third-quarter level. PNC also declared a quarterly common stock dividend of $2 per share compared with $1.70 in the year-ago quarter. For 2026, the company raised its average loan growth outlook to 13.5% from the previously stated 12.5%. PNC also raised its NII growth outlook to 15.5% from the prior mentioned 15-15.5%. The company expects non-interest income and total revenues to increase 10.5% and 13.7%, respectively, compared with the earlier mentioned 9% and 13%. The company raised its non-interest expense growth expectation, excluding integration costs and significant items, to 9.5% from 8.5%, while maintaining its effective tax rate outlook of 19.5%. PNC Financial's strong commercial loan growth, higher NII, expanding year-over-year NIM and improving operating efficiency are likely to support its financial performance. The company's diversified businesses, growing client relationships and the FirstBank acquisition provide opportunities for sustained revenue growth. The bank's capital position and profitability also support continued shareholder returns. However, higher net loan charge-offs and increasing funding costs remain concerning. Moreover, volatility in capital markets-related revenues could weigh on the near-term performance. The PNC Financial Services Group, Inc price-consensus-eps-surprise-chart | The PNC Financial Services Group, Inc Quote Currently, PNC carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Truist Financial TFC is slated to announce third-quarter 2026 results on Oct. 16. Over the past seven days, the Zacks Consensus Estimate for TFC's quarterly earnings has been unchanged at $1.17. The figure implies 12.5% growth from the prior-year quarter's actual. KeyCorp KEY is slated to announce third-quarter 2026 results on Oct. 20. Over the past seven days, the Zacks Consensus Estimate for KEY's quarterly earnings has been unchanged at 46 cents. The figure implies 12.2% growth from the prior-year quarter's actual. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report KeyCorp (KEY) : Free Stock Analysis Report Truist Financial Corporation (TFC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First BanCorp (FBP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This holding company for FirstBank Puerto Rico is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of +13.7%. Revenues are expected to be $270.24 million, up 8.7% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For First BanCorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.16%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that First BanCorp will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that First BanCorp would post earnings of $0.54 per share when it actually produced earnings of $0.62, delivering a surprise of +14.81%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. First BanCorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First BanCorp. (FBP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. - Performance was driven by robust client momentum across all business segments, particularly in expansion markets where AUM is growing 5x faster than legacy markets. - Corporate & Institutional Banking (C&IB) growth was fueled by approximately 500 new client relationships year-to-date, contributing to a 17% year-over-year loan increase. - Management attributed the modest net interest margin (NIM) compression to a mix shift toward high-credit-quality, lower-spread loans that generate attractive fee income and broader engagement. - The successful conversion of FirstBank and organic growth in Southwest markets (up 6% in checking accounts) have accelerated the firm's national scale. - Operational efficiency remains a priority, with the company on track to achieve $350 million in cost reductions for 2026 through its continuous improvement program. - Management emphasized that recent loan growth was concentrated in the final two weeks of the quarter, delaying the full realization of net interest income (NII) benefits. - Management expects net interest margin to reach 3% or above in the fourth quarter, driven by fixed-rate asset repricing and loan yield increases. - The 2027 NII outlook anticipates growth of $1 billion to $1.1 billion above 2026 levels, supported by the mechanical nature of fixed-rate asset repricing. - Capital allocation strategy includes approximately $560 million in share repurchases for the fourth quarter, maintaining a target CET1 ratio of around 10%. - Economic assumptions include two additional Fed rate hikes (December 2026 and March 2027) and GDP growth above 2% for the full year 2026. - Strategic focus is shifting toward an 'agentic workforce' transformation using AI, prioritizing core infrastructure over 'bells and whistles' to drive long-term efficiency. - The student loan portfolio was transferred to held-for-sale, marking the final step in exiting this nonstrategic business with a de minimis financial impact. - Nonperforming loans increased 8% to $2.2 billion, primarily due to the 'pull-through' of previously reserved CRE office loans and one large commercial credit. - Tangible book value declined 3% linked-quarter, entirely attributed to the decline in Accumulated Other Comprehensive Income (AOCI). - Management expressed caution regarding third-party AI agents transacting in bank accounts, citing significant liability and authentication risks. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management expressed high confidence in 2027 NII growth, projecting a $1 billion to $1.1 billion increase over 2026 based on the certainty of fixed-rate asset repricing. - NIM is expected to benefit from the delta between rising loan yields and the repricing of the securities portfolio, even as deposit costs increase. - Management is focused on reengineering the company using AI harnesses to speed development and lower maintenance costs rather than just adding 'bells and whistles.' - The strategy involves building core infrastructure to allow for internal AI deployment without heavy reliance on third-party compute costs or vendors. - CEO Bill Demchak indicated a hesitation toward large-scale M&A, stating that integrating a major acquisition could distract from the strategically critical AI transformation. - The firm currently prioritizes its 'fantastic' organic momentum and share gains in expansion markets over bulk acquisition. - Growth in new markets is occurring at 2 to 3 times the rate of legacy markets, representing pure share gain rather than just industry tailwinds. - Expansion markets now represent the majority of in-market loans for the C&IB segment, excluding national businesses.

FB Financial has given shareholders a strong ride over the past few years, and the recent pullback now puts the spotlight on a different issue for you as an investor. The question is whether the current share price is properly supported by the earnings the bank is generating today and is expected to produce in the future. - FB Financial has delivered a return of 85.1% over the past 3 years, which puts real pressure on the current earnings profile to carry that track record forward. - The business is closely tied to the health of its loan book and fee income, so the quality and stability of those earnings streams can shape how much investors are willing to pay for each dollar of profit. - There is a second opinion on FB Financial worth weighing. See what analysts think FB Financial's shares could be worth. The issue now is whether FB Financial's current valuation can be justified by its earnings when judged against the Fair Ratio benchmark. If you want to explore the same earnings-based valuation question you are asking of FB Financial across a broader set of companies, consider reviewing 32 high quality undervalued stocks. The P/E ratio fits FB Financial well because earnings remain a key lens for banks that rely heavily on interest income and fees. FB Financial trades on a P/E of 12.9x, compared with a Banks industry average of 11.4x and a peer set around 10.7x. That puts the stock on a richer multiple than a typical banking group and suggests the market is willing to ascribe a higher price to each dollar of the company's profit. The Fair Ratio model, which adjusts the benchmark P/E for FB Financial's own return on equity profile, risk and size, points to a level slightly below the current 12.9x. On this framework the shares look about right, with the valuation leaning just above what that tailored yardstick would imply rather than screening as obviously cheap or stretched. For an investor, the key question is whether the quality and durability of FB Financial's earnings stream justify paying near the upper end of this modelled fair band. Explore the numbers behind FB Financial's P/E valuation. FB Financial's Narratives pick up where the P/E puzzle leaves off by explaining which combinations of future growth, profitability and earnings power would need to hold for the stock to be worth materially more or less than today's price. They appear on Simply Wall St's Community page as structured viewpoints that treat FB Financial's fair value as a thesis about the business you can track over time, rather than a one-off snapshot. One of the top community narratives on FB Financial: 24% undervalued "Strong capital ratios near 11% common equity Tier 1 and the active US$175 million share repurchase authorization through mid 2027..." Discover why this Narrative puts FB Financial at 24% undervalued. Valuation tells you what the market is paying today, but the next layer is how professionals see FB Financial's earnings profile a few years from now and how that lines up with your own view. Explore where analysts expect FB Financial to be in a few years. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FBK. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

FB Financial (FBK) came out with quarterly earnings of $1.21 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.07 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $1.14 per share when it actually produced earnings of $1.14, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. FB Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $174.49 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 3.14%. This compares to year-ago revenues of $173.88 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FB Financial shares have lost about 5.1% since the beginning of the year versus the S&P 500's gain of 14.1%. While FB Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FB Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.21 on $181.3 million in revenues for the coming quarter and $4.67 on $709.49 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Norwood Financial Corp. (NWFL), another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 27. This company is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +1.1%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. Norwood Financial Corp.'s revenues are expected to be $29.95 million, up 30.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FB Financial Corporation (FBK) : Free Stock Analysis Report Norwood Financial Corp. (NWFL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

FB Financial Corporation (NYSE:FBK) reported third-quarter 2026 adjusted earnings per share of $1.21, matching analyst expectations, although revenue fell short of Wall Street forecasts. The Nashville-based bank holding company generated quarterly revenue of $174.49 million, below the consensus estimate of $181.55 million. Despite the revenue shortfall, the figure represented a 0.4% increase from $173.88 million in the corresponding period of 2025. Shares in FB Financial advanced 1.34% in pre-market trading following the earnings announcement. The company reported higher profitability, continued growth in loans and deposits, and a substantial reduction in credit loss provisions compared with both the previous quarter and the same period last year. However, its net interest margin narrowed as higher funding costs affected lending profitability. FB Financial reported net income of $60.2 million for the third quarter, equivalent to $1.20 per diluted share. This compared with diluted earnings of $0.43 per share in the third quarter of 2025. On an adjusted basis, net income reached $60.9 million, or $1.21 per diluted share, compared with $1.07 per diluted share a year earlier. The adjusted earnings figure was in line with analyst expectations. Revenue increased modestly year on year but missed the market forecast by approximately $7.06 million. The results indicate that FB Financial maintained earnings growth despite a relatively limited increase in quarterly revenue. FB Financial continued to report growth in its lending operations during the quarter. Loans held for investment reached $13.18 billion at the end of September, representing a 7.17% increase from the corresponding period of 2025. Compared with the second quarter, the loan portfolio expanded at an annualised rate of 9.68%. The growth reflects continued lending activity across the bank's operations and contributed to the expansion of its balance sheet. Loans held for investment generally represent credit facilities that a bank intends to retain rather than sell in the secondary market. The company highlighted its lending performance as an important component of its organic growth strategy. President and Chief Executive Officer Christopher T. Holmes said the results demonstrated continued business momentum alongside solid profitability. "Our results reflect continued organic growth momentum and solid profitability metrics," Holmes said. Customer funding also increased during the third quarter, with total deposits reaching $14.67 billion. The figure represented growth of 6.18% compared with the previous year and an annualised increase of 8.82% from the second quarter. Holmes highlighted annualised client deposit growth of 11.0%, alongside the expansion in the company's overall deposit base. "Annualized loan growth (HFI) was 9.68% for the quarter, annualized client deposit growth was 11.0%, and annualized total deposit growth was 8.82% when we net out the decline in brokered deposits," he said. Brokered deposits are funds obtained through intermediaries rather than directly from customers. Changes in the composition of a bank's deposit base can affect its funding costs and overall profitability. The continued expansion in client deposits provides FB Financial with additional funding to support lending activity. Despite higher lending and deposit balances, FB Financial experienced pressure on its net interest margin during the quarter. Net interest margin declined to 3.83%, compared with 3.95% in both the second quarter of 2026 and the third quarter of 2025. The 12-basis-point reduction reflected higher funding costs. Net interest margin measures the difference between interest income generated from assets such as loans and the interest expense associated with funding those assets, relative to average interest-earning assets. The quarterly decline also included a three-basis-point impact from the reversal of $1.0 million in previously accrued interest on a nonaccrual loan. A nonaccrual loan is generally a credit exposure for which the lender has stopped recognising interest income because collection is uncertain. The margin contraction indicates that funding expenses remained a challenge despite continued balance sheet growth. FB Financial reported a significant reduction in provision expense during the third quarter. The company recorded provisions of $1.4 million, compared with $10.1 million in the previous quarter and $34.4 million in the third quarter of 2025. Provision expense reflects amounts recognised to account for expected credit losses within a bank's loan portfolio. The lower quarterly charge contributed to the company's improved profitability. Net charge-offs represented 0.04% of average loans on an annualised basis, indicating a relatively low level of realised credit losses during the period. However, nonperforming loans increased slightly as a proportion of total lending. The nonperforming loan ratio reached 1.18%, compared with 1.17% in the second quarter and 0.94% a year earlier. The increase suggests that some credit quality pressures remain, even as the bank reported lower provision expenses and limited net charge-offs. Future credit performance will depend on borrower conditions, loan portfolio trends and broader economic developments. FB Financial also undertook capital management activities during the quarter. The company repurchased 545,214 shares, reducing the number of outstanding shares through its buyback activity. Share repurchases can return capital to shareholders and may influence per-share financial measures, depending on the number of shares retired and the company's earnings performance. In addition, FB Financial completed a $125.0 million subordinated debt issuance. The debt was priced at a spread of 180 basis points above the five-year US Treasury yield. Subordinated debt ranks below senior obligations in the event of liquidation and can form part of a bank holding company's broader funding and capital structure. The issuance provides an additional source of financing, although the company did not specify the intended use of the proceeds in the reported announcement. FB Financial's third-quarter results presented a combination of earnings growth, expanding loan and deposit balances, and continued pressure on net interest margin. Adjusted earnings met analyst forecasts, while revenue was approximately 3.9% below consensus expectations. The bank's profitability benefited from a substantial reduction in credit loss provisions, although its nonperforming loan ratio increased compared with the previous year. The 1.34% pre-market share price increase suggested a positive initial market reaction despite the revenue miss. For investors, the key areas to monitor include the sustainability of loan and deposit growth, changes in funding costs, net interest margin performance and developments in credit quality. FB Financial's latest results demonstrate continued balance sheet expansion, while highlighting the importance of managing funding expenses and maintaining asset quality as lending activity grows. FB Financial Corporation stock price