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F.N.B.
(NYSE:FNB)
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Rating:74Outperform
Price Target:
$21.50
â–²(12.86% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (steady profitability, improving leverage, and a cash-flow rebound) and supportive technicals (price above key moving averages with positive momentum). Valuation is also favorable given the modest P/E and dividend yield. The latest earnings call is a net positive (strong operating leverage, capital strength, buybacks), but tempered by reduced net interest income guidance and ongoing funding/margin pressure.
Positive Factors
Improving leverage and capital ratios
Leverage has materially improved (debt-to-equity ~0.39 TTM), reflecting a stronger capital base that increases loss-absorption capacity and strategic optionality. Lower leverage supports regulatory ratios, allows continued buybacks or M&A flexibility, and reduces refinancing risk over the medium term.
Negative Factors
Deposit competition pressuring NII
Management trimmed NII guidance citing intensified deposit competition, a structural challenge that raises funding costs and compresses net interest spread. Persistent retail and regional bank deposit battles can erode long-term NII unless offset by pricing power, product mix shifts, or lower funding reliance.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and capital ratios
Leverage has materially improved (debt-to-equity ~0.39 TTM), reflecting a stronger capital base that increases loss-absorption capacity and strategic optionality. Lower leverage supports regulatory ratios, allows continued buybacks or M&A flexibility, and reduces refinancing risk over the medium term.
Read all positive factors
F.N.B. (FNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.73B
Dividend Yield2.59%
Average Volume (3M)5.87M
Price to Earnings (P/E)11.2
Beta (1Y)1.10
Revenue Growth2.69%
EPS Growth30.63%
CountryUS
Employees4,205
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.68
Shares Outstanding355,963,960
10 Day Avg. Volume8,814,138
30 Day Avg. Volume5,866,434
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.91
Price to Sales (P/S)2.28
P/FCF Ratio16.33
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.90Price Target Upside9.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.68
Revenue Forecast (FY)$1.90B
F.N.B. Business Overview & Revenue Model
Company Description
F.N.B. Corporation functions as a financial holding entity, delivering a broad spectrum of financial solutions. Its primary clientele includes individual consumers, corporate enterprises, governmental bodies, and small to mid-sized businesses. The...
How the Company Makes Money
FNB primarily makes money through net interest income and noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and other interest-earning assets and the interest paid on deposits and other ...
F.N.B. Earnings Call Summary
Earnings Call Date:Jul 16, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call communicated multiple meaningful positives — record revenue, solid EPS growth (17% YoY), strong loan growth (7.5% annualized linked-quarter), improved efficiency (efficiency ratio 53.7%), robust capital metrics (TCE ~9%, CET1 11.4%), active repurchases, improved asset quality, and tangible progress on AI/fee-income initiatives. Key challenges were a downward revision to net interest income guidance driven by deposit competition and one‑month SOFR volatility, flat NIM quarter-over-quarter with some loan-yield pressure, CRE payoffs reducing CRE balances near-term, and modestly higher operating costs. Overall, favorable earnings performance, credit quality, capital returns, and strategic investments outweigh the margin/funding headwinds and expense pressure.Positive Updates
Strong EPS and Net Income Growth
Earnings per share grew 17% year-over-year to $0.42; net income totaled $148.7 million ($149 million reported in prepared remarks).
Negative Updates
Net Interest Income Guidance Reduced
Full-year net interest income guidance revised downward to $1.485 billion–$1.515 billion, reflecting heightened deposit competition and interest-rate (one-month SOFR) volatility impacting loan yields.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong EPS and Net Income Growth
Earnings per share grew 17% year-over-year to $0.42; net income totaled $148.7 million ($149 million reported in prepared remarks).
Read all positive updates
Company Guidance
Management's guidance for 2026 (based on current expectations and assuming no Fed rate actions) calls for period‑end loans and deposits to grow mid‑single digits; full‑year net interest income of $1.485B–$1.515B (Q3 NII $375M–$385M); full‑year non‑interest income $370M–$390M (Q3 $93M–$98M); full‑year non‑interest expense narrowed to $1.01B–$1.02B (expected toward the high end; Q3 $255M–$260M); full‑year provision expense $80M–$95M (revised down from $85M–$105M); a full‑year effective tax rate of 21%–22%; and continued expectations for strong positive operating leverage.F.N.B. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.71B | 2.69B | 2.57B | 2.23B | 1.61B | 1.33B |
| Gross Profit | 1.75B | 1.68B | 1.52B | 1.50B | 1.38B | 1.24B |
| EBITDA | 780.74M | 746.36M | 622.00M | 662.00M | 626.00M | 513.00M |
| Net Income | 604.46M | 565.39M | 465.00M | 485.00M | 439.00M | 405.00M |
Balance Sheet | ||||||
| Total Assets | 51.00B | 50.23B | 48.63B | 46.16B | 43.73B | 39.51B |
| Cash, Cash Equivalents and Short-Term Investments | 426.00M | 6.22B | 5.39B | 4.83B | 4.95B | 6.92B |
| Total Debt | 2.68B | 3.92B | 4.27B | 4.48B | 2.46B | 2.22B |
| Total Liabilities | 44.16B | 43.47B | 42.32B | 40.11B | 38.07B | 34.36B |
| Stockholders Equity | 6.84B | 6.76B | 6.30B | 6.05B | 5.65B | 5.15B |
Cash Flow | ||||||
| Free Cash Flow | 755.00M | 376.00M | 503.00M | 335.00M | 1.12B | 472.00M |
| Operating Cash Flow | 855.00M | 482.00M | 642.00M | 423.00M | 1.22B | 530.00M |
| Investing Cash Flow | -1.82B | -1.49B | -1.70B | -2.26B | -3.06B | -153.00M |
| Financing Cash Flow | 1.07B | 1.08B | 1.90B | 1.74B | 18.00M | 1.73B |
F.N.B. Technical Analysis
Positive
19.05
Price Trends
18.57
Positive
17.83
Positive
17.27
Positive
Market Momentum
0.15
Positive
55.51
Neutral
76.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNB, the sentiment is Positive. The current price of 19.05 is above the 20-day moving average (MA) of 19.02, above the 50-day MA of 18.57, and above the 200-day MA of 17.27, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 76.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNB.
F.N.B. Risk Analysis
F.N.B. disclosed 38 risk factors in its most recent earnings report. F.N.B. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
F.N.B. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $6.26B | 12.73 | 11.01% | 2.68% | 1.86% | 10.69% | |
76 Outperform | $5.82B | 8.31 | 11.21% | 3.70% | 0.67% | 0.52% | |
74 Outperform | $6.73B | 11.18 | 8.94% | 2.57% | 2.69% | 30.63% | |
70 Outperform | $7.92B | 11.81 | 8.88% | 3.07% | 1.17% | 51.80% | |
69 Neutral | $6.68B | 13.20 | 9.39% | 3.15% | 7.90% | 29.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $6.41B | 19.96 | 7.61% | 2.63% | 20.01% | 26.97% |
* Financial Sector Average
FNB
F.N.B.
19.21
4.88
34.07%
OZK
Bank OZK
51.60
5.97
13.08%
GBCI
Glacier Bancorp
50.00
7.58
17.88%
HOMB
Home Bancshares
31.21
4.47
16.70%
UBSI
United Bankshares
49.08
15.02
44.09%
VLY
Valley National Bancorp
14.77
5.91
66.69%
F.N.B. Corporate Events
Business Operations and StrategyExecutive/Board Changes
F.N.B. Announces Retirement of Chief Wholesale Banking Officer
Neutral
May 19, 2026
On May 15, 2026, F.N.B. Corporation disclosed that its Chief Wholesale Banking Officer, David B. Mitchell, II, plans to retire from the company effective July 2, 2026. The departure of a key wholesale banking executive may prompt leadership realig...
Executive/Board ChangesShareholder Meetings
F.N.B. Shareholders Back Board, Pay and Auditor
Positive
May 8, 2026
At its annual meeting held on May 6, 2026, F.N.B. Corporation shareholders elected all ten board nominees to serve until the 2027 annual meeting, with most directors receiving strong majority support despite some variation in withhold votes. This ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.