NYSE:FNB.PRE

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has F.N.B's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

FNB.PRE

1.4%

US Banks

1.0%

US Market


1 Year Return

6.2%

FNB.PRE

0.2%

US Banks

6.7%

US Market

Return vs Industry: FNB.PRE exceeded the US Banks industry which returned 0.2% over the past year.

Return vs Market: FNB.PRE exceeded the US Market which returned 6.7% over the past year.


Share holder returns

FNB.PREIndustryMarket
7 Day-1.2%1.4%1.0%
30 Day2.4%-2.6%-1.8%
90 Day2.8%0.8%-1.8%
1 Year13.3%6.2%3.1%0.2%9.1%6.7%
3 Year21.4%0.6%52.0%41.5%46.0%36.6%
5 Year45.4%6.2%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is F.N.B's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is F.N.B undervalued based on future cash flows and its price relative to the stock market?

9.88x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: FNB.PRE ($29.61) is trading above our estimate of fair value ($12.23)

Significantly Undervalued: FNB.PRE is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: FNB.PRE is good value based on its PE Ratio (9.9x) compared to the Banks industry average (12.5x).

PE vs Market: FNB.PRE is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: FNB.PRE is poor value based on its PEG Ratio (9.2x)


Price Based on Value of Assets

PB vs Industry: FNB.PRE is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is F.N.B expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: FNB.PRE's forecast earnings growth (1.1% per year) is below the savings rate (2.7%).

Earnings vs Market: FNB.PRE's earnings (1.1% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: FNB.PRE's earnings are forecast to grow, but not significantly.

Revenue vs Market: FNB.PRE's revenue (3.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: FNB.PRE's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: FNB.PRE's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has F.N.B performed over the past 5 years?

24.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FNB.PRE's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: FNB.PRE's earnings growth over the past year (43.8%) exceeds its 5-year average (24% per year).

Earnings vs Industry: FNB.PRE earnings growth over the past year (43.8%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: FNB.PRE's Return on Equity (8.2%) is considered low.


Return on Assets

ROA vs Industry: FNB.PRE has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FNB.PRE's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is F.N.B's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FNB.PRE has a low level of unsold assets or inventory.

Debt Coverage by Assets: FNB.PRE's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: FNB.PRE's level of assets compared to its equity is low.

Allowance for Bad Loans: FNB.PRE has a sufficient allowance for bad loans.

Low Risk Liabilities: FNB.PRE's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNB.PRE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FNB.PRE's loans are broadly funded by customer deposits.

Level of Bad Loans: FNB.PRE has an appropriate level of bad loans (0.41%)


Next Steps

Dividend

What is F.N.B's current dividend yield, its reliability and sustainability?

4.15%

Expected Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years4.1%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: FNB.PRE's dividend (4.13%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FNB.PRE's dividend (4.13%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: FNB.PRE's dividend payments have been volatile in the past 10 years.

Growing Dividend: FNB.PRE's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.8%), FNB.PRE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FNB.PRE's dividends in 3 years are forecast to be well covered by earnings (40.6% payout ratio).


Next Steps

Management

What is the CEO of F.N.B's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Vince Delie (54yo)

7.8yrs

Tenure

US$5,961,689

Compensation

Mr. Vincent J. Delie, Jr., also known as Vince, is the Board Chairman, President and CEO of F.N.B. Corporation. Mr. Delie joined F.N.B. in 2005 as President and CEO of the Company’s Pittsburgh Region. Begi ...


CEO Compensation Analysis

Compensation vs. Market: Vince's total compensation ($USD5.96M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

Experienced Management: FNB.PRE's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FNB.PRE's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Vince Calabrese (56yo)

    Chief Financial Officer

    • Tenure: 10.3yrs
    • Compensation: US$2.06m
  • James Orie (61yo)

    Chief Legal Officer & Corporate Secretary

    • Tenure: 15.8yrs
    • Compensation: US$277.03k
  • Gary Guerrieri (59yo)

    Chief Credit Officer

    • Tenure: 8.5yrs
    • Compensation: US$1.27m
  • Vince Delie (54yo)

    Chairman

    • Tenure: 7.8yrs
    • Compensation: US$5.96m
  • Barry Robinson (56yo)

    Chief Consumer Banking Officer

    • Tenure: 4.2yrs
    • Compensation: US$1.08m
  • Robert Moorehead (64yo)

    Chief Wholesale Banking Officer

    • Tenure: 4.1yrs
    • Compensation: US$1.23m
  • Jim Dutey (45yo)

    Corporate Controller

    • Tenure: 2.6yrs
  • Matthew Lazzaro

    Manager of Investor Relations

    • Tenure: 4.8yrs
  • Jennifer Reel

    Director of Corporate Communications

    • Tenure: 0yrs
  • Robert DeLisio

    Chief Investment Officer

    • Tenure: 1yrs

Board Members

  • Robert Hormell (71yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$127.53k
  • Bill Campbell (80yo)

    Lead Director

    • Tenure: 11.8yrs
    • Compensation: US$164.48k
  • William Strimbu (58yo)

    Director

    • Tenure: 24.4yrs
    • Compensation: US$138.57k
  • Jim Chiafullo (61yo)

    Director

    • Tenure: 7yrs
    • Compensation: US$135.03k
  • John Stanik (65yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$128.36k
  • David Malone (64yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$143.57k
  • Vince Delie (54yo)

    Chairman

    • Tenure: 7.8yrs
    • Compensation: US$5.96m
  • David Motley (60yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$138.15k
  • Heidi Nicholas (64yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$148.57k
  • Frank Mencini (54yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$153.15k

Company Information

F.N.B. Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: F.N.B. Corporation
  • Ticker: FNB.PRE
  • Exchange: NYSE
  • Founded: 1864
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.743b
  • Shares outstanding: 322.09m
  • Website: https://www.fnb-online.com

Number of Employees


Location

  • F.N.B. Corporation
  • One North Shore Center
  • 12 Federal Street
  • Pittsburgh
  • Pennsylvania
  • 15212
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNBNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 1986
FN2DB (Deutsche Boerse AG)YesCommon StockDEEURSep 1986
FNB.PRENYSE (New York Stock Exchange)DEP SHS 1/40 PFDUSUSDNov 2013

Biography

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 throug ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:59
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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