F.N.B. Corp (FNB)
NYSE:FNB
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F.N.B.
(NYSE:FNB)
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Rating:71Outperform
Price Target:
$17.50
â–²(8.16% Upside)
Action:ReiteratedDate:02/25/26
The score is driven primarily by solid fundamentals (profitability, improving leverage, steady balance-sheet growth) and a constructive earnings-call outlook with clear efficiency and growth targets. Valuation is supportive (P/E ~11 and ~2.74% yield). Offsetting factors are choppy cash-flow consistency and softer near-term technicals with below-neutral momentum.
Positive Factors
Multi-year revenue growth & profitability
F.N.B. has delivered durable top-line expansion and consistent operating profitability over multiple years. Sustained revenue growth and mid-teens-plus EPS momentum support reinvestment in technology, fee-based businesses and the capacity to fund capital returns, making earnings less dependent on single-period rate moves.
Negative Factors
Volatile cash flow conversion
While earnings convert to cash in 2025, multi-year volatility in operating and free cash flow reduces predictability for capital allocation. Inconsistent cash generation complicates funding of growth initiatives, dividends and buybacks, and impairs resilience to extended economic or rate shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth & profitability
F.N.B. has delivered durable top-line expansion and consistent operating profitability over multiple years. Sustained revenue growth and mid-teens-plus EPS momentum support reinvestment in technology, fee-based businesses and the capacity to fund capital returns, making earnings less dependent on single-period rate moves.
Read all positive factors
F.N.B. (FNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.78B
Dividend Yield2.73%
Average Volume (3M)8.31M
Price to Earnings (P/E)10.9
Beta (1Y)1.15
Revenue Growth4.54%
EPS Growth27.56%
CountryUS
Employees4,104
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.50
Shares Outstanding357,389,000
10 Day Avg. Volume9,914,750
30 Day Avg. Volume8,314,600
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 Cap1.25
Enterprise Value/Revenue2.67
Enterprise Value/Gross Profit4.29
Enterprise Value/Ebitda9.94
Forecast
1Y Price Target
$19.63Price Target Upside21.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.72
Revenue Forecast (FY)$1.90B
F.N.B. Business Overview & Revenue Model
Company Description
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealt...
How the Company Makes Money
F.N.B. Corporation primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned on the spread between interest income generated from interest-earning assets (such as commercial loans, consumer loa...
F.N.B. Earnings Call Summary
Earnings Call Date:Jan 20, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum: record annual revenue, earnings, net interest income, margin expansion, improved capital metrics, robust deposit growth, and solid asset quality with high coverage ratios. Management highlighted digital and AI investments, expected cost savings and positive guidance for 2026 (mid-single-digit loan/deposit growth, modest margin improvement, and targeted efficiency improvement to low 50s). Lowlights were largely tactical or one-time (mortgage portfolio transfer, discrete charitable and impairment items), sensitivity to assumed Fed rate cuts, and near-term loan balance pressure from payoffs and secondary market exits. Overall, the highlights materially outweigh the lowlights, leaving a constructive outlook but with execution and macro risks to monitor.Positive Updates
Record Annual Revenue and Earnings
Full year 2025 operating revenue of $1.8 billion, operating net income available to common shareholders of $577 million, and operating EPS of $1.59 (full-year operating EPS grew 14% year-over-year).
Negative Updates
Mortgage Portfolio Actions and MSR Headwinds
Transferred approximately $200 million of performing residential mortgage loans to held-for-sale in Q4 (sale expected Q1 2026) and mortgage banking income declined due to higher MSR amortization and a net MSR fair value recovery in Q4 2024, tempering mortgage-related fee income.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Revenue and Earnings
Full year 2025 operating revenue of $1.8 billion, operating net income available to common shareholders of $577 million, and operating EPS of $1.59 (full-year operating EPS grew 14% year-over-year).
Read all positive updates
Company Guidance
FNB guided to period‑end loans and deposits growing mid‑single digits in 2026, with full‑year net interest income of $1.495–$1.535 billion and first‑quarter NII of $355–$365 million (guidance assumes 225 bps of Fed cuts in April and October); full‑year noninterest income $370–$390 million (Q1 $90–$95 million) and full‑year noninterest expense $1.00–$1.02 billion (Q1 $255–$260 million), with provision expense expected $85–$105 million (dependent on net loan growth and charge‑offs) and an effective tax rate of 21–22% (excludes potential ITC). Management expects a relatively stable NIM in Q1 with modest quarter‑by‑quarter margin improvement into year‑end, total spot deposit beta falling toward ~30% by year‑end (mid‑30s terminal), continued cost‑savings (above the historical $10–20 million run‑rate), an efficiency ratio moving into the low‑50s by H2, continued capital flexibility (CET1 11.4%, tangible common equity 8.9%), and the potential for sustained buyback activity at least at 2025 levels.F.N.B. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.69B | 2.57B | 2.23B | 1.61B | 1.33B |
| Gross Profit | 1.68B | 1.52B | 1.50B | 1.38B | 1.24B |
| EBITDA | 669.36M | 622.00M | 662.00M | 626.00M | 513.00M |
| Net Income | 565.39M | 465.00M | 485.00M | 439.00M | 405.00M |
Balance Sheet | |||||
| Total Assets | 50.23B | 48.63B | 46.16B | 43.73B | 39.51B |
| Cash, Cash Equivalents and Short-Term Investments | 6.22B | 5.39B | 4.83B | 4.95B | 6.92B |
| Total Debt | 3.92B | 4.27B | 4.48B | 2.46B | 2.22B |
| Total Liabilities | 43.47B | 42.32B | 40.11B | 38.07B | 34.36B |
| Stockholders Equity | 6.76B | 6.30B | 6.05B | 5.65B | 5.15B |
Cash Flow | |||||
| Free Cash Flow | 376.00M | 503.00M | 335.00M | 1.12B | 472.00M |
| Operating Cash Flow | 482.00M | 642.00M | 423.00M | 1.22B | 530.00M |
| Investing Cash Flow | -1.49B | -1.70B | -2.26B | -3.06B | -153.00M |
| Financing Cash Flow | 1.08B | 1.90B | 1.74B | 18.00M | 1.73B |
F.N.B. Technical Analysis
Negative
16.18
Price Trends
17.21
Negative
16.94
Negative
16.14
Positive
Market Momentum
-0.28
Negative
41.27
Neutral
73.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNB, the sentiment is Negative. The current price of 16.18 is below the 20-day moving average (MA) of 16.37, below the 50-day MA of 17.21, and above the 200-day MA of 16.14, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 73.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.05B | 7.10 | 11.93% | 3.68% | 2.79% | 2.11% | |
71 Outperform | $5.78B | 10.86 | 8.58% | 2.73% | 4.54% | 27.56% | |
69 Neutral | $6.64B | 8.34 | 7.82% | 3.69% | -1.94% | 41.35% | |
68 Neutral | $5.20B | 11.51 | 11.43% | 2.85% | 1.43% | 19.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $5.65B | 22.44 | 6.53% | 2.89% | 8.73% | 26.19% | |
61 Neutral | $5.63B | 11.61 | 8.60% | 3.77% | 8.83% | 15.49% |
* Financial Sector Average
FNB
F.N.B.
16.18
3.13
23.99%
OZK
Bank OZK
44.52
2.72
6.49%
GBCI
Glacier Bancorp
43.47
0.57
1.33%
HOMB
Home Bancshares
26.43
-1.05
-3.81%
UBSI
United Bankshares
40.36
7.03
21.09%
VLY
Valley National Bancorp
11.95
3.42
40.09%
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.