6. F.N.B. Corporation Company Profile Shares of F.N.B. Corporation ( FNB) of Hermitage, Pa. closed at $10.09 Monday, up 58% year-to-date. Based on a quarterly payout of 12 cents, the shares have a dividend yield of 4.76%. On December 21, the company received regulatory approval for its acquisition of Comm Bancorp ( CCBP) of Clarks Summit, Pa., which is expected to be completed on January 1 for about $67.7 million in cash and stock. As of September 30, Comm Bancorp had $653 million in total assets and 15 branches in northeastern Pennsylvania. Income Statement Third-quarter net income was $17.2 million, or 15 cents a share, improving from net income to common shareholders a year earlier of $4.8 million, or 4 cents a share, when F.N.B paid $5.5 million in dividends and amortization while fully repaying the government $100 million in bailout funds received through the Troubled Assets Relief Program, or TARP. Third-quarter 2009 results also included $3.3 million in impairment charges on investments in pooled trust-preferred securities. F.N.B.'s third-quarter net interest margin was 3.78%, improving from 3.66% a year earlier, which the company said reflected "lower deposit and borrowing costs driven by an improved funding mix in a low interest rate environment partially offset by lower yields on earning assets." The third-quarter ROA was 0.77% and the dividend payout ratio was 80%. Balance Sheet Total assets were $9 billion as of September 30, and the NPA ratio was 1.96%. The third-quarter net charge-off ratio was a relatively low 0.65% reserves covered 1.94% of total loans as of September 30. The company's Tier 1 leverage ratio was 12.88% and its total risk-based capital ratio was 12.88% as of September 30. The tangible common equity ratio was 5.96% according to SNL Financial - the lowest among the 10 companies listed here. Stock Ratios The shares trade for 2.3 times tangible book value according to SNL and 14 times the 2011 consensus earnings estimate of 72 cents a share. Analyst Ratings Two out of eight analysts covering the company rate F.N.B. a buy, while the remaining analysts all recommend investors hold the shares.