A Business at a Glance
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FNB CORP/PA/
FNB
$6.9B
Mkt Cap
$19.05
+0.95%
FNB CORP/PA/ (FNB) has a current P/E ratio of 12.2, compared to its historical median P/E of 9.7. The stock is currently considered Fair based on its historical valuation range.
FNB CORP/PA/ (FNB) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
FNB CORP/PA/ (FNB) has a market capitalization of $7.1B. It is classified as a mid-cap stock.
Yes, FNB CORP/PA/ (FNB) pays a dividend with a trailing twelve-month yield of 2.42%. The company also returns capital through share buybacks, with a buyback yield of 1.05%.
Based on historical P/E analysis, FNB CORP/PA/ (FNB) appears fair. The current P/E of 12.2 is 26% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 5.3%.
FNB CORP/PA/ (FNB) operates in the National Commercial Banks industry, within the Financials sector.
FNB CORP/PA/ (FNB) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
F.N.B. Corporation is a diversified financial services holding company incorporated in Pennsylvania and operating since 1864, providing a full range of financial services to consumers, corporations, governments, and small- to medium-sized businesses across seven states and Washington, D.C. through its largest subsidiary, FNBPA, and 355 Community Banking branches. The company operates three reportable business segments—Community Banking (the largest), Wealth Management, and Insurance—with a business model centered on community-oriented, locally-managed operations supported by centralized functions including loan operations, treasury, and enterprise risk management to achieve economies of scale and consistent quality. As of December 31, 2025, F.N.B. held total assets of $50 billion, loans of $35 billion, and deposits of $39 billion, generating revenue through net interest income from lending and deposit-taking activities, non-interest income from wealth management, insurance, and fee-based services, and capital deployment through share repurchases and dividends. The company's competitive positioning is built on its diversified geographic footprint, technology investments in AI and data analytics, omnichannel capabilities, and a disciplined approach to credit risk management and capital allocation, enabling it to serve as a primary bank for its clients while maintaining operational efficiency and positive operating leverage.
【Balanced growth with operational leverage】 Management expects mid-single digit loan and deposit growth for full year 2026 driven by market share gains across its diverse geographic footprint, with commercial and industrial and commercial real estate anticipated to be the primary growth drivers while residential mortgage growth moderates. Net interest income is projected to benefit from earning asset growth and disciplined deposit cost management despite an environment with no expected Federal Reserve rate cuts, supported by maturing certificates of deposit and fixed-rate loan portfolio repricing opportunities. The company anticipates significant positive operating leverage in 2026 through continued investments in technology, AI, and data analytics that are expected to drive automation and process improvements, with efficiency ratio guidance targeting the low 50s by the second half of the year. Capital deployment remains a priority, with management planning to maintain or increase share repurchase activity from 2025 levels while considering dividend increases, supported by strong internal capital generation and capital ratios expected to continue building.
| Metric | Target | Period |
|---|---|---|
| Period-end loans and deposits | mid-single digits | FY2026 |
| Net interest income | $1.495 billion to $1.535 billion | FY2026 |
| Non-interest income | $370 million to $390 million | FY2026 |
| Non-interest expense | $1 billion to $1.02 billion | FY2026 |
| Provision expense | $85 million to $105 million | FY2026 |
| Effective tax rate | 21% to 22% | FY2026 |
Period-end loans and deposits (FY2026): “For full year 2026, period-end loans and deposits are expected to grow mid-single digits versus year-end 2025”
Net interest income (FY2026): “Full year 2026 net interest income is expected to be between $1.495 and $1.535 billion”
Non-interest income (FY2026): “Non-interest income for the year is expected to be between $370 and $390 million”
Non-interest expense (FY2026): “Full year guidance for non-interest expense is expected to be between $1 billion and $1.02 billion”
Provision expense (FY2026): “The 2026 provision expense is expected to be between $85 and $105 million”
Effective tax rate (FY2026): “Lastly, the full year effective tax rate should be between 21 and 22%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 2.7B | 2.6B | 2.2B | 1.6B | 1.3B |
| Net Income | 585M | 565M | 459M | 477M | 431M | 397M |
| EPS | $1.56 | $1.56 | $1.27 | $1.31 | $1.22 | $1.23 |
| Free Cash Flow | 466M | 376M | 503M | 335M | 1.1B | 472M |
| ROIC | 0.0% | 6.3% | 5.3% | 6.5% | 6.9% | 6.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.61 | 0.58 | 0.68 | 0.74 | 0.44 | 0.43 |
| Dividends/Share | $0.46 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 |
| Operating Income | 0 | 669M | 555M | 584M | 553M | 503M |
| Operating Margin | 0.0% | 24.8% | 21.6% | 26.2% | 34.4% | 37.7% |
| ROE | 8.6% | 8.7% | 7.4% | 8.2% | 8.0% | 7.9% |
| Shares Outstanding | 375M | 362M | 361M | 364M | 353M | 323M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 667M | 709M | 880M | 1.2B | 1.4B | 1.5B | 1.4B | 1.3B | 1.6B | 2.2B | 2.6B | 2.7B | 1.8B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 195M | 202M | 240M | 327M | 370M | 375M | 406M | 418M | 426M | 462M | 504M | 530M | 531M |
| EBIT | 207M | 230M | 246M | 356M | 452M | 471M | 343M | 503M | 553M | 584M | 555M | 669M | 0 |
| Op. Margin | 31.0% | 32.4% | 28.0% | 28.9% | 31.3% | 30.6% | 24.1% | 37.7% | 34.4% | 26.2% | 21.6% | 24.8% | 0.0% |
| Net Income | 136M | 152M | 163M | 191M | 365M | 379M | 278M | 397M | 431M | 477M | 459M | 565M | 585M |
| Net Margin | 20.3% | 21.4% | 18.5% | 15.5% | 25.2% | 24.6% | 19.5% | 29.7% | 26.8% | 21.4% | 17.9% | 21.0% | 32.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.1% | 5.7% | 5.6% | 4.7% | 7.1% | 6.6% | 4.5% | 6.7% | 6.9% | 6.5% | 5.3% | 6.3% | 0.0% |
| ROE | 7.1% | 7.4% | 7.0% | 5.5% | 8.1% | 8.0% | 5.6% | 7.9% | 8.0% | 8.2% | 7.4% | 8.7% | 8.6% |
| ROA | 0.9% | 0.9% | 0.8% | 0.7% | 1.1% | 1.1% | 0.8% | 1.0% | 1.0% | 1.1% | 1.0% | 1.1% | 1.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 447M | 223M | 293M | 279M | 611M | 259M | 113M | 530M | 1.2B | 423M | 642M | 482M | 569M |
| Free Cash Flow | 427M | 214M | 233M | 222M | 576M | 213M | 72M | 472M | 1.1B | 335M | 503M | 376M | 466M |
| Owner Earnings | 416M | 195M | 257M | 219M | 546M | 191M | 41M | 453M | 1.1B | 326M | 543M | 375M | 37M |
| CapEx | 20M | 9.7M | 60M | 57M | 35M | 46M | 41M | 58M | 95M | 88M | 139M | 106M | 103M |
| Maint. CapEx | 28M | 28M | 34M | 52M | 55M | 56M | 56M | 58M | 63M | 79M | 82M | 90M | 514M |
| Growth CapEx | 0 | 0 | 26M | 5.0M | 0 | 0 | 0 | 0 | 32M | 9.0M | 57M | 16M | 0 |
| D&A | 28M | 28M | 34M | 52M | 55M | 56M | 56M | 58M | 63M | 79M | 82M | 90M | 514M |
| CapEx/OCF | 4.5% | 4.4% | 20.3% | 20.4% | 5.7% | 17.8% | 36.3% | 10.9% | 7.8% | 20.8% | 21.7% | 22.0% | 18.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 81M | 85M | 102M | 143M | 157M | 157M | 157M | 156M | 171M | 174M | 175M | 174M | 173M |
| Dividend Yield | 6.0% | 5.4% | 5.5% | 4.7% | 5.0% | 5.4% | 7.1% | 4.8% | 4.4% | 4.4% | 3.6% | 3.3% | 2.4% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 38M | 43M | 43M | 36M | 3.0M | 50M | 75M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 1.5% | 1.3% | 1.1% | 0.8% | 0.1% | 0.8% | 1.0% |
| Stock-Based Comp | 2.7M | 28K | 2.0M | 8.0M | 10M | 12M | 16M | 19M | 17M | 18M | 17M | 17M | 18M |
| Debt Repayment | 97M | 35M | 173M | 199M | 77M | 239M | 574M | 438M | 231M | 352M | 341M | 1.8B | 1.8B |
| Balance Sheet | |||||||||||||
| Net Debt | 763M | 2.2B | 2.7B | 3.9B | 927M | 668M | -1.9B | -1.3B | 791M | 2.9B | 1.8B | 1.4B | 1.5B |
| Cash & Equiv. | 287M | 489M | 371M | 479M | 488M | 599M | 1.4B | 3.5B | 1.7B | 1.6B | 2.4B | 2.5B | 2.7B |
| Long-Term Debt | 541M | 641M | 539M | 668M | 627M | 1.3B | 1.1B | 682M | 1.1B | 2.0B | 3.0B | 1.9B | 2.0B |
| Debt/Equity | 1.28 | 1.28 | 1.18 | 0.99 | 1.03 | 0.93 | 0.58 | 0.43 | 0.44 | 0.74 | 0.68 | 0.58 | 0.61 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 2.0B | 2.1B | 2.6B | 4.4B | 4.6B | 4.9B | 5.0B | 5.2B | 5.7B | 6.0B | 6.3B | 6.8B | 6.8B |
| Total Assets | 16.1B | 17.6B | 21.8B | 31.4B | 33.1B | 34.6B | 37.4B | 39.5B | 43.7B | 46.2B | 48.6B | 50.2B | 50.6B |
| Total Liabilities | 14.1B | 15.5B | 19.3B | 27.0B | 28.5B | 29.7B | 32.4B | 34.4B | 38.1B | 40.1B | 42.3B | 43.5B | 43.8B |
| Intangibles | 48M | 46M | 54M | 92M | 79M | 67M | 54M | 42M | 89M | 69M | 51M | 36M | 33M |
| Retained Earnings | 176M | 243M | 304M | 368M | 576M | 798M | 869M | 1.1B | 1.4B | 1.7B | 2.0B | 2.3B | 2.4B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.80 | 0.86 | 0.78 | 0.63 | 1.12 | 1.16 | 0.85 | 1.23 | 1.22 | 1.31 | 1.27 | 1.56 | 1.56 |
| Owner EPS | 2.45 | 1.11 | 1.23 | 0.72 | 1.68 | 0.58 | 0.13 | 1.40 | 3.22 | 0.90 | 1.50 | 1.04 | 0.10 |
| Book Value | 11.92 | 11.89 | 12.31 | 14.54 | 14.14 | 14.95 | 15.16 | 15.96 | 16.00 | 16.62 | 17.44 | 18.66 | 18.13 |
| Cash Flow/Share | 2.63 | 1.27 | 1.40 | 0.92 | 1.87 | 0.79 | 0.35 | 1.64 | 3.45 | 1.16 | 1.78 | 1.33 | 2.93 |
| Dividends/Share | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.46 |
| Shares Out. | 169.6M | 176.3M | 209.0M | 303.2M | 325.9M | 326.7M | 327.1M | 322.8M | 353.3M | 364.1M | 361.4M | 362.2M | 375.0M |
| Valuation | |||||||||||||
| P/E Ratio | 10.8 | 10.6 | 14.5 | 16.1 | 6.6 | 8.5 | 9.3 | 8.5 | 9.5 | 9.9 | 11.2 | 11.2 | 12.2 |
| P/FCF | 3.4 | 7.5 | 10.1 | 13.8 | 4.2 | 15.1 | 35.9 | 7.2 | 3.6 | 14.0 | 10.2 | 16.8 | 15.3 |
| EV/EBIT | 14.8 | 13.3 | 15.4 | 13.5 | 4.9 | 121.5 | 74.6 | 48.1 | 6.2 | 6.7 | 243.0 | 5.2 | N/A |
| Price/Book | 0.7 | 0.8 | 0.9 | 0.7 | 0.5 | 0.7 | 0.5 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 1.1 |
| Price/Sales | 2.2 | 2.4 | 2.3 | 2.8 | 2.6 | 2.4 | 1.8 | 2.6 | 2.7 | 2.5 | 3.0 | 3.0 | 4.0 |
| FCF Yield | 29.2% | 13.3% | 9.9% | 7.2% | 24.0% | 6.6% | 2.8% | 13.9% | 27.5% | 7.1% | 9.8% | 6.0% | 6.5% |
| Market Cap | 1.5B | 1.6B | 2.4B | 3.1B | 2.4B | 3.2B | 2.6B | 3.4B | 4.1B | 4.7B | 5.1B | 6.3B | 7.1B |
| Avg. Price | 7.97 | 8.82 | 8.91 | 10.05 | 9.67 | 8.90 | 6.80 | 10.11 | 10.97 | 10.98 | 13.38 | 14.76 | 19.05 |
| Year-End Price | 8.61 | 9.15 | 11.27 | 10.12 | 7.35 | 9.86 | 7.90 | 10.50 | 11.56 | 12.91 | 14.19 | 17.44 | 19.05 |
FNB CORP/PA/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
FNB CORP/PA/ trades at 12.2x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.1x vs a median of 12.0x. The company's 5-year average ROIC is 6.3%. Total shareholder yield (dividends + buybacks) is 3.5%. At current prices, the estimated annualized return to fair value is +10.7%.
FNB CORP/PA/ (FNB) has a net profit margin of 21.0%. This is a strong margin indicating high profitability.
FNB CORP/PA/ (FNB) generated $376 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FNB CORP/PA/ (FNB) has a debt-to-equity ratio of 0.58. This indicates moderate leverage.
FNB CORP/PA/ (FNB) reported earnings per share (EPS) of $1.56 in its most recent fiscal year.
FNB CORP/PA/ (FNB) has a return on equity (ROE) of 8.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for FNB CORP/PA/ (FNB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FNB CORP/PA/ (FNB) has a book value per share of $18.66, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects mid-single digit loan and deposit growth for full year 2026 driven by market share gains across its diverse geographic footprint, with commercial and industrial and commercial real estate anticipated to be the primary growth drivers while residential mortgage growth moderates. Net interest income is projected to benefit from earning asset growth and disciplined deposit cost management despite an environment with no expected Federal Reserve rate cuts, supported by maturing certificates of deposit and fixed-rate loan portfolio repricing opportunities. The company anticipates significant positive operating leverage in 2026 through continued investments in technology, AI, and data analytics that are expected to drive automation and process improvements, with efficiency ratio guidance targeting the low 50s by the second half of the year. Capital deployment remains a priority, with management planning to maintain or increase share repurchase activity from 2025 levels while considering dividend increases, supported by strong internal capital generation and capital ratios expected to continue building.
Based on recent SEC filings and earnings calls, FNB CORP/PA/ (FNB) has provided the following forward guidance: Period-end loans and deposits: mid-single digits (FY2026); Net interest income: $1.495 billion to $1.535 billion (FY2026); Non-interest income: $370 million to $390 million (FY2026); Non-interest expense: $1 billion to $1.02 billion (FY2026); Provision expense: $85 million to $105 million (FY2026), plus 1 additional metric.
No recent press releases.