F.N.B
Market Cap
US$4.0b
Last Updated
2020/01/23 23:37 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
No risks detected for FNB from our risk checks.
Snowflake Analysis
Flawless balance sheet with solid 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
Stable Share Price: FNB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.2%
FNB
-1.0%
US Banks
-0.09%
US Market
1 Year Return
8.2%
FNB
14.7%
US Banks
23.9%
US Market
Return vs Industry: FNB underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: FNB underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| FNB | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -1.0% | -0.09% |
| 30 Day | -2.6% | -3.0% | 3.1% |
| 90 Day | 0.7% | 4.5% | 10.4% |
| 1 Year | 12.8%8.2% | 18.0%14.7% | 26.6%23.9% |
| 3 Year | -9.8%-19.3% | 28.6%19.4% | 50.9%41.2% |
| 5 Year | 21.5%1.1% | 86.7%65.8% | 78.1%58.5% |
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
5 days ago | Simply Wall St
One Thing To Remember About The F.N.B. Corporation (NYSE:FNB) Share Price2 weeks ago | Simply Wall St
Do You Like F.N.B. Corporation (NYSE:FNB) At This P/E Ratio?1 month ago | Simply Wall St
If You Like EPS Growth Then Check Out F.N.B (NYSE:FNB) Before It's Too LateValuation
Is F.N.B undervalued compared to its fair value and its price relative to the market?
17.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FNB ($12.54) is trading below our estimate of fair value ($15.22)
Significantly Below Fair Value: FNB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FNB is good value based on its PE Ratio (10.6x) compared to the Banks industry average (12.8x).
PE vs Market: FNB is good value based on its PE Ratio (10.6x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: FNB is poor value based on its PEG Ratio (10.4x)
Price to Book Ratio
PB vs Industry: FNB is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is F.N.B forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNB's forecast earnings growth (1% per year) is below the savings rate (1.7%).
Earnings vs Market: FNB's earnings (1% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: FNB's earnings are forecast to grow, but not significantly.
Revenue vs Market: FNB's revenue (3.3% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: FNB's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FNB's Return on Equity is forecast to be low in 3 years time (7.7%).
Next Steps
Past Performance
How has F.N.B performed over the past 5 years?
25.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNB has high quality earnings.
Growing Profit Margin: FNB's current net profit margins (32.9%) are higher than last year (25.3%).
Past Earnings Growth Analysis
Earnings Trend: FNB's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: FNB's earnings growth over the past year (32.9%) exceeds its 5-year average (25% per year).
Earnings vs Industry: FNB earnings growth over the past year (32.9%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: FNB's Return on Equity (8.1%) is considered low.
Return on Assets
Return on Capital Employed
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 has a low level of unsold assets or inventory.
Debt Coverage by Assets: FNB's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: FNB's level of assets compared to its equity is low.
Allowance for Bad Loans: FNB has a sufficient allowance for bad loans.
Low Risk Liabilities: FNB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FNB's loans are broadly funded by customer deposits.
Level of Bad Loans: FNB 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?
3.88%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FNB's dividend (3.83%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: FNB's dividend (3.83%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: FNB's dividends per share have been stable in the past 10 years.
Growing Dividend: FNB's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.6%), FNB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FNB's dividends in 3 years are forecast to be well covered by earnings (40% 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?
5.0yrs
Average management tenure
CEO
Vince Delie (54yo)
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 ($USD4.99M).
Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.0yrs
Average Tenure
56yo
Average Age
Experienced Management: FNB's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
6.7yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FNB's board of directors are considered experienced (6.7 years average tenure).
Insider Trading
Insider Buying: FNB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 500 |
| Max Price | US$12.07 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$11.07 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,300 |
| Max Price | US$10.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$11.12 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$12.22 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$12.36 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$12.08 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 2,900 |
| Max Price | US$11.95 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | US$11.81 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$11.81 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Vince Calabrese (56yo)
Chief Financial Officer
- Tenure: 10.6yrs
- Compensation: US$2.06m
James Orie (61yo)
Chief Legal Officer & Corporate Secretary
- Tenure: 16yrs
- Compensation: US$277.03k
Gary Guerrieri (59yo)
Chief Credit Officer
- Tenure: 8.8yrs
- Compensation: US$1.27m
Vince Delie (54yo)
Chairman
- Tenure: 8yrs
- Compensation: US$5.96m
Barry Robinson (56yo)
Chief Consumer Banking Officer
- Tenure: 4.4yrs
- Compensation: US$1.08m
Robert Moorehead (64yo)
Chief Wholesale Banking Officer
- Tenure: 4.3yrs
- Compensation: US$1.23m
Jim Dutey (45yo)
Corporate Controller
- Tenure: 2.8yrs
Matthew Lazzaro
Manager of Investor Relations
- Tenure: 5yrs
Jennifer Reel
Director of Corporate Communications
Robert DeLisio
Chief Investment Officer
- Tenure: 1.3yrs
Board Members
Robert Hormell (71yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$127.53k
Bill Campbell (80yo)
Lead Director
- Tenure: 12yrs
- Compensation: US$164.48k
William Strimbu (58yo)
Independent Director
- Tenure: 24.7yrs
- Compensation: US$138.57k
Jim Chiafullo (61yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$135.03k
John Stanik (65yo)
Independent Director
- Tenure: 7yrs
- Compensation: US$128.36k
David Malone (64yo)
Independent Director
- Tenure: 14.9yrs
- Compensation: US$143.57k
Vince Delie (54yo)
Chairman
- Tenure: 8yrs
- Compensation: US$5.96m
David Motley (60yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$138.15k
Heidi Nicholas (64yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$148.57k
Frank Mencini (54yo)
Independent Director
- Tenure: 4yrs
- 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
- Exchange: NYSE
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.989b
- Shares outstanding: 322.18m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 1986 |
| FN2 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1986 |
| FNB.PRE | NYSE (New York Stock Exchange) | DEP SHS 1/40 PFD | US | USD | Nov 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 through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services. The company also provides consumer banking products and services, such as deposit products, mortgage and consumer lending services, and mobile and online banking services; and wealth management services comprising fiduciary and brokerage, asset management, private banking, and insurance services, as well as mezzanine financing options for small- to medium-sized businesses. As of July 23, 2019, it operated 380 community banking offices in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, and South Carolina. F.N.B. Corporation was founded in 1864 and is headquartered in Pittsburgh, Pennsylvania.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 23:37 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.