F.N.B
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 last earnings update was 12 days ago. More info.
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FNB Share Price and Events
7 Day Returns
1 Year Returns
FNB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| F.N.B (FNB) | -3.4% | -8.3% | -6.6% | -20% | -12.7% | -12.9% |
| US Banks | -2.6% | -6.3% | -3.5% | -14.2% | 32.4% | 36.7% |
| US Market | -1% | -3.3% | 0.8% | -0.4% | 30.4% | 37.1% |
1 Year Return vs Industry and Market
- FNB underperformed the Banks industry which returned -14.2% over the past year.
- FNB underperformed the Market in United States of America which returned -0.4% over the past year.
Value
Is F.N.B undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
F.N.B
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for F.N.B.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity = $15.11 * 8% |
$1.21 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 9 analysts. | $15.11 |
| Discount Rate (Cost of Equity) | See below | 10% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (149.87%)) |
1.214 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.21 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.214 * 5.96%) |
9.96% |
Discounted Cash Flow Calculation for NYSE:FNB using Excess Returns Model Model
The calculations below outline how an intrinsic value for F.N.B is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8% – 9.96%) * $15.11) |
$-0.29 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.29 / (9.96% - 2.73%) |
$-4.03 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $15.11 + $-4.03 |
$11.08 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $11.08 |
| Current discount | Discount to share price of
$10.76
= -1 x ($10.76 - $11.08) / $11.08 |
2.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- F.N.B's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- F.N.B's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for F.N.B's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
F.N.B's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-06-30) in USD | $1.18 |
| NYSE:FNB Share Price ** | NYSE (2019-08-16) in USD | $10.76 |
| United States of America Banks Industry PE Ratio | Median Figure of 598 Publicly-Listed Banks Companies | 12.29x |
| United States of America Market PE Ratio | Median Figure of 3,096 Publicly-Listed Companies | 17.26x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of F.N.B.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:FNB Share Price ÷ EPS (both in USD) = 10.76 ÷ 1.18 |
9.14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.N.B is good value based on earnings compared to the US Banks industry average.
- F.N.B is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
F.N.B's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
2.4%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 274 Publicly-Listed Banks Companies | 1.12x |
| United States of America Market PEG Ratio | Median Figure of 2,126 Publicly-Listed Companies | 1.4x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.14x ÷ 2.4% |
3.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.N.B is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
F.N.B's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-06-30) in USD | $14.43 |
| NYSE:FNB Share Price * | NYSE (2019-08-16) in USD | $10.76 |
| United States of America Banks Industry PB Ratio | Median Figure of 601 Publicly-Listed Banks Companies | 1.16x |
| United States of America Market PB Ratio | Median Figure of 5,273 Publicly-Listed Companies | 1.7x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:FNB Share Price ÷ Book Value per Share (both in USD) = 10.76 ÷ 14.43 |
0.75x |
* Primary Listing of F.N.B.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.N.B is good value based on assets compared to the US Banks industry average.
Value checks
We assess F.N.B's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) F.N.B has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is F.N.B expected to perform in the next 1 to 3 years based on estimates from 9 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- F.N.B's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- F.N.B's earnings growth is positive but not above the United States of America market average.
- F.N.B's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:FNB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 2.4% |
| NYSE:FNB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 4.2% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 1.5% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,335 | 406 | 1 | |
| 2020-12-31 | 1,264 | 387 | 8 | |
| 2019-12-31 | 1,223 | 378 | 8 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-06-30 | 1,161 | 175 | 382 |
| 2019-03-31 | 1,158 | 418 | 372 |
| 2018-12-31 | 1,153 | 611 | 365 |
| 2018-09-30 | 1,143 | 670 | 289 |
| 2018-06-30 | 1,124 | 714 | 266 |
| 2018-03-31 | 1,099 | 470 | 255 |
| 2017-12-31 | 1,037 | 279 | 191 |
| 2017-09-30 | 954 | 228 | 218 |
| 2017-06-30 | 876 | 107 | 193 |
| 2017-03-31 | 800 | 217 | 160 |
| 2016-12-31 | 752 | 293 | 163 |
| 2016-09-30 | 715 | 228 | 151 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from F.N.B Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.25 | 1.25 | 1.25 | 1.00 |
| 2020-12-31 | 1.18 | 1.23 | 1.14 | 9.00 |
| 2019-12-31 | 1.16 | 1.18 | 1.13 | 9.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-06-30 | 1.18 |
| 2019-03-31 | 1.15 |
| 2018-12-31 | 1.13 |
| 2018-09-30 | 0.89 |
| 2018-06-30 | 0.82 |
| 2018-03-31 | 0.79 |
| 2017-12-31 | 0.63 |
| 2017-09-30 | 0.80 |
| 2017-06-30 | 0.79 |
| 2017-03-31 | 0.74 |
| 2016-12-31 | 0.79 |
| 2016-09-30 | 0.76 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess F.N.B's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
F.N.B has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has F.N.B performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- F.N.B has delivered over 20% year on year earnings growth in the past 5 years.
- F.N.B's 1-year earnings growth exceeds its 5-year average (43.8% vs 24%)
- F.N.B's earnings growth has exceeded the US Banks industry average in the past year (43.8% vs 33.3%).
Earnings and Revenue History
All data from F.N.B Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-06-30 | 1,161.32 | 381.96 | 549.48 | |
| 2019-03-31 | 1,157.85 | 371.96 | 551.66 | |
| 2018-12-31 | 1,152.68 | 364.96 | 550.08 | |
| 2018-09-30 | 1,143.34 | 288.64 | 540.89 | |
| 2018-06-30 | 1,123.92 | 265.57 | 531.62 | |
| 2018-03-31 | 1,098.98 | 254.98 | 510.20 | |
| 2017-12-31 | 1,037.00 | 190.96 | 486.00 | |
| 2017-09-30 | 954.48 | 218.33 | 471.36 | |
| 2017-06-30 | 875.92 | 192.80 | 441.94 | |
| 2017-03-31 | 799.90 | 159.70 | 413.39 | |
| 2016-12-31 | 751.99 | 163.00 | 362.00 | |
| 2016-09-30 | 714.84 | 150.68 | 375.35 | |
| 2016-06-30 | 674.52 | 138.57 | 354.88 | |
| 2016-03-31 | 637.45 | 137.40 | 336.53 | |
| 2015-12-31 | 620.19 | 151.61 | 325.00 | |
| 2015-09-30 | 612.79 | 151.79 | 319.54 | |
| 2015-06-30 | 603.98 | 147.13 | 317.31 | |
| 2015-03-31 | 592.30 | 141.83 | 313.49 | |
| 2014-12-31 | 583.21 | 135.70 | 310.39 | |
| 2014-09-30 | 563.78 | 126.84 | 303.59 | |
| 2014-06-30 | 541.59 | 125.10 | 295.72 | |
| 2014-03-31 | 522.55 | 121.47 | 288.49 | |
| 2013-12-31 | 499.13 | 117.80 | 280.22 | |
| 2013-09-30 | 484.45 | 118.32 | 269.76 | |
| 2013-06-30 | 479.58 | 117.43 | 264.69 | |
| 2013-03-31 | 475.87 | 117.37 | 260.82 | |
| 2012-12-31 | 472.80 | 110.41 | 260.28 | |
| 2012-09-30 | 460.68 | 105.19 | 253.25 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- F.N.B has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- F.N.B used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if F.N.B improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess F.N.B's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
F.N.B has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from F.N.B Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-06-30 | 4,753.00 | 5,076.00 | 648.00 |
| 2019-03-31 | 4,680.00 | 4,814.00 | 572.00 |
| 2018-12-31 | 4,608.00 | 4,795.00 | 531.00 |
| 2018-09-30 | 4,524.86 | 4,381.47 | 456.60 |
| 2018-06-30 | 4,473.24 | 5,029.53 | 454.59 |
| 2018-03-31 | 4,433.45 | 4,514.26 | 406.62 |
| 2017-12-31 | 4,409.00 | 4,376.00 | 510.00 |
| 2017-09-30 | 4,435.92 | 4,556.51 | 558.82 |
| 2017-06-30 | 4,392.44 | 5,108.71 | 566.78 |
| 2017-03-31 | 4,355.80 | 4,312.00 | 483.37 |
| 2016-12-31 | 2,571.62 | 3,089.77 | 425.63 |
| 2016-09-30 | 2,570.58 | 2,917.12 | 546.28 |
| 2016-06-30 | 2,545.34 | 3,018.07 | 507.18 |
| 2016-03-31 | 2,518.02 | 2,303.55 | 433.95 |
| 2015-12-31 | 2,096.18 | 2,741.98 | 542.32 |
| 2015-09-30 | 2,094.75 | 1,892.76 | 325.06 |
| 2015-06-30 | 2,065.77 | 2,093.48 | 280.53 |
| 2015-03-31 | 2,055.28 | 2,336.41 | 291.80 |
| 2014-12-31 | 2,021.46 | 2,629.26 | 333.29 |
| 2014-09-30 | 2,005.13 | 2,181.24 | 272.60 |
| 2014-06-30 | 1,908.08 | 1,941.12 | 309.96 |
| 2014-03-31 | 1,884.99 | 1,561.06 | 279.55 |
| 2013-12-31 | 1,774.38 | 1,503.74 | 247.30 |
| 2013-09-30 | 1,481.65 | 1,496.67 | 321.55 |
| 2013-06-30 | 1,469.00 | 1,361.66 | 267.74 |
| 2013-03-31 | 1,413.26 | 1,293.59 | 213.34 |
| 2012-12-31 | 1,402.07 | 1,434.73 | 297.05 |
| 2012-09-30 | 1,395.00 | 1,376.15 | 429.82 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- F.N.B has an acceptable proportion of non-loan assets held.
- F.N.B's liabilities are made up of primarily low risk sources of funding.
- Loans at F.N.B are broadly funded by customer deposits.
- F.N.B's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- F.N.B has a sufficient allowance for bad loans.
- F.N.B has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess F.N.B's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) F.N.B has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is F.N.B's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
F.N.B
shares you are expected to receive
$89
in your first year as a dividend.
Dividend Amount
- F.N.B's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- F.N.B's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 481 Stocks | 3.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2010 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.48 | 1.00 |
| 2020-12-31 | 0.49 | 8.00 |
| 2019-12-31 | 0.48 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-15 | 0.480 | 4.188 |
| 2019-02-20 | 0.480 | 4.136 |
| 2018-10-17 | 0.480 | 4.232 |
| 2018-08-15 | 0.480 | 3.675 |
| 2018-05-16 | 0.480 | 3.565 |
| 2018-02-21 | 0.480 | 3.518 |
| 2017-10-18 | 0.480 | 3.458 |
| 2017-08-16 | 0.480 | 3.630 |
| 2017-05-17 | 0.480 | 3.488 |
| 2017-02-15 | 0.480 | 3.235 |
| 2016-10-19 | 0.480 | 3.232 |
| 2016-08-17 | 0.480 | 3.902 |
| 2016-05-18 | 0.480 | 3.796 |
| 2016-02-17 | 0.480 | 3.722 |
| 2015-10-22 | 0.480 | 3.673 |
| 2015-08-19 | 0.480 | 3.759 |
| 2015-05-20 | 0.480 | 3.449 |
| 2015-02-18 | 0.480 | 3.655 |
| 2014-10-15 | 0.480 | 3.807 |
| 2014-08-20 | 0.480 | 3.907 |
| 2014-05-21 | 0.480 | 3.861 |
| 2014-02-19 | 0.480 | 3.800 |
| 2013-10-16 | 0.480 | 3.865 |
| 2013-08-21 | 0.480 | 3.947 |
| 2013-05-15 | 0.480 | 3.937 |
| 2013-02-20 | 0.480 | 4.143 |
| 2012-10-17 | 0.480 | 4.352 |
| 2012-08-15 | 0.480 | 4.258 |
| 2012-05-23 | 0.480 | 4.453 |
| 2012-02-15 | 0.480 | 4.123 |
| 2011-11-16 | 0.480 | 4.225 |
| 2011-08-17 | 0.480 | 5.235 |
| 2011-05-18 | 0.480 | 4.792 |
| 2011-02-16 | 0.480 | 4.587 |
| 2010-11-17 | 0.480 | 4.861 |
| 2010-08-18 | 0.480 | 5.599 |
| 2010-05-19 | 0.480 | 5.750 |
| 2010-02-17 | 0.480 | 5.697 |
| 2009-11-18 | 0.480 | 6.948 |
| 2009-08-19 | 0.480 | 6.869 |
| 2009-05-20 | 0.480 | 7.274 |
| 2009-02-18 | 0.480 | 6.743 |
| 2009-01-26 | 0.480 | 6.277 |
| 2008-11-19 | 0.960 | 8.761 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of
F.N.B's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.5x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
Income/ dividend checks
We assess F.N.B's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can F.N.B afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) F.N.B has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $6,071,741 |
| AGE | 54 |
| TENURE AS CEO | 7.6 years |
CEO Bio
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. Beginning in 2008, he was promoted into a number of key executive leadership roles, including Chief Revenue Officer; President of the Banking Group, where he was largely responsible for all revenue-producing lines of business including commercial banking, consumer banking and wealth management; and President and CEO of FNBPA. In 2011, Mr. Delie was additionally named President of F.N.B. Corporation and in 2012, he became CEO and elected to the Board of Directors. Mr. Delie serves as Chairman of Board, Chair of Executive Committee, and as ex officio of the Credit Risk and CRA Committee. Under Mr. Delie’s leadership as CEO, the Company has experienced significant growth, nearly tripling its market capitalization while maintaining strong revenue growth and profitability. Despite the difficult economic environment, this was accomplished in large part through the execution of a unique business model centered on organic growth, strategic acquisitions, and strong risk management. In its largest market, the Pittsburgh metropolitan statistical area, F.N.B. has grown to a number three retail deposit market share position and a leading market share position in Small Business and Middle Market Banking. Today F.N.B. is the second largest bank based in the city of Pittsburgh by total assets. An industry-leading expert on mergers and acquisitions, Mr. Delie has played a significant role in the completion and seamless integration of the last 15 bank acquisitions by F.N.B. Under Mr. Delie’s leadership as CEO, F.N.B. has expanded into five new major metropolitan markets, including the Washington, D.C., MSA, and has completed eight acquisitions. F.N.B. maintains a significant retail deposit market share position in Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; and Charlotte, Raleigh-Durham, and the Piedmont Triad in North Carolina. Mr. Delie has more than 30 years of extensive experience in the financial services industry, which includes executive roles at National City Bank, in addition to capital markets and investment banking positions held at several prominent financial institutions. Mr. Delie earned a degree in Business Administration and Finance from the Pennsylvania State University’s Smeal College of Business. Active in the community and the financial services industry, he currently serves as a member of the Board of Directors of the United Way of Allegheny County, the Allegheny Conference on Community Development and Team Pennsylvania. Mr. Delie is also involved in a number of trade associations including the Pennsylvania, Maryland, and West Virginia Bankers Associations and the American Bankers Association. Mr. Delie has received a number of honors, including the Society of Industrial and Office Realtors® Industrialist of the Year Award in 2016 in recognition of his contributions to economic, cultural and civic development in Western Pennsylvania. He also received the prominent Adam Smith Distinguished Leadership Award in 2015 from Economics Pennsylvania. Under Mr. Delie’s leadership, F.N.B. has been a recipient of Greenwich Associates Excellence in Banking Awards for seven consecutive years, receiving ten national and regional awards in 2016 for client satisfaction in Middle Market and Small Business Banking. Also, under Mr. Delie’s leadership, F.N.B. has been honored as a leading workplace a total of 18 times based on employee feedback, and in 2016 he was individually recognized for leadership in the large company category by the Pittsburgh Post-Gazette Top Workplaces. Mr. Delie has also made multiple appearances on Pennsylvania Business Central’s ranking of the Top 100 People in Central Pennsylvania.
CEO Compensation
- Vince's compensation has been consistent with company performance over the past year, both up more than 20%.
- Vince's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the F.N.B management team in years:
- The tenure for the F.N.B management team is about average.
Management Team
Vince Delie
Chairman
$6M
54
7.6 yrs
Vince Calabrese
Chief Financial Officer
$2M
56
10.2 yrs
Gary Guerrieri
Chief Credit Officer
$1M
59
8.3 yrs
Robert Moorehead
Chief Wholesale Banking Officer
$1M
64
3.9 yrs
Barry Robinson
Chief Consumer Banking Officer
$1M
56
4 yrs
Robert DeLisio
Chief Investment Officer
0.8 yrs
Jim Dutey
Corporate Controller
45
2.4 yrs
Matthew Lazzaro
Manager of Investor Relations
4.6 yrs
James Orie
Chief Legal Officer & Corporate Secretary
$277K
61
15.6 yrs
Jennifer Reel
Director of Corporate Communications
Board of Directors Tenure
Average tenure and age of the F.N.B board of directors in years:
- The tenure for the F.N.B board of directors is about average.
Board of Directors
Vince Delie
Chairman
$6M
54
1.7 yrs
Bill Campbell
Lead Director
$164K
80
11.6 yrs
William Strimbu
Director
$139K
58
24.3 yrs
David Malone
Director
$144K
64
14.5 yrs
Jim Chiafullo
Director
$135K
61
6.8 yrs
Heidi Nicholas
Director
$149K
64
4.6 yrs
Frank Mencini
Director
$153K
54
3.6 yrs
Robert Hormell
Director
$128K
71
4.6 yrs
John Stanik
Director
$128K
65
6.6 yrs
David Motley
Director
$138K
60
6 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by F.N.B individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Aug 19 | Buy | James Chiafullo | Individual | 12. Aug 19 | 13. Aug 19 | 3,300 | $10.99 | $35,841 | ||
| 13. Aug 19 | Buy | Frank Mencini | Individual | 13. Aug 19 | 13. Aug 19 | 2,000 | $11.07 | $22,140 | ||
| 12. Aug 19 | Buy | David Motley | Individual | 09. Aug 19 | 09. Aug 19 | 2,500 | $11.12 | $27,799 | ||
| 31. Jul 19 | Buy | Pamela Bena | Individual | 31. Jul 19 | 31. Jul 19 | 500 | $12.22 | $6,109 | ||
| 13. May 19 | Buy | Mary Dively | Individual | 06. May 19 | 06. May 19 | 4,000 | $12.36 | $49,426 | ||
| 01. May 19 | Buy | Pamela Bena | Individual | 29. Apr 19 | 29. Apr 19 | 500 | $12.08 | $6,040 | ||
| 08. Feb 19 | Sell | William Campbell | Individual | 07. Feb 19 | 07. Feb 19 | -2,900 | $11.95 | $-34,657 | ||
| 06. Feb 19 | Buy | Mary Dively | Individual | 05. Feb 19 | 05. Feb 19 | 3,000 | $11.81 | $35,441 | ||
| 31. Jan 19 | Buy | Pamela Bena | Individual | 29. Jan 19 | 29. Jan 19 | 1,000 | $11.81 | $11,810 | ||
| 14. Nov 18 | Buy | Mary Dively | Individual | 12. Nov 18 | 12. Nov 18 | 3,000 | $12.24 | $36,732 | ||
| 05. Nov 18 | Buy | Barry Robinson | Individual | 05. Nov 18 | 05. Nov 18 | 2,500 | $12.09 | $30,223 | ||
| 01. Nov 18 | Buy | Pamela Bena | Individual | 30. Oct 18 | 30. Oct 18 | 1,000 | $11.69 | $11,687 | ||
| 30. Oct 18 | Buy | James Dutey | Individual | 29. Oct 18 | 29. Oct 18 | 2,500 | $11.48 | $28,692 | ||
| 30. Oct 18 | Buy | James Chiafullo | Individual | 26. Oct 18 | 26. Oct 18 | 5,000 | $11.23 | $56,150 | ||
| 29. Oct 18 | Buy | Vincent Calabrese | Individual | 26. Oct 18 | 26. Oct 18 | 5,000 | $11.21 | $56,050 | ||
| 29. Oct 18 | Buy | Barry Robinson | Individual | 26. Oct 18 | 26. Oct 18 | 2,500 | $11.21 | $28,025 | ||
| 29. Oct 18 | Buy | Robert Moorehead | Individual | 26. Oct 18 | 26. Oct 18 | 5,000 | $11.21 | $56,050 | ||
| 29. Oct 18 | Buy | Gary Guerrieri | Individual | 29. Oct 18 | 29. Oct 18 | 1,000 | $11.49 | $11,486 | ||
| 29. Oct 18 | Buy | Vincent Delie | Individual | 26. Oct 18 | 26. Oct 18 | 6,500 | $11.21 | $72,865 | ||
| 29. Oct 18 | Buy | Frank Mencini | Individual | 26. Oct 18 | 26. Oct 18 | 2,000 | $11.26 | $22,514 | ||
Management checks
We assess F.N.B's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) F.N.B has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Should You Worry About F.N.B. Corporation's (NYSE:FNB) CEO Pay Cheque?
First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for F.N.B How Does Vince Delie's Compensation Compare With Similar Sized Companies? … Given the total loss of 3.5% over three years, many shareholders in F.N.B.
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most F.N.B. Corporation (NYSE:FNB) Stock?
We also tend to see lower insider ownership in companies that were previously publicly owned. … Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. … Insider Ownership Of F.N.B While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.
Simply Wall St - – Full articleVolatility 101: Should F.N.B (NYSE:FNB) Shares Have Dropped 14%?
One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Even though the F.N.B share price is down over the year, its EPS actually improved. … We note that for F.N.B the TSR over the last year was -10%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleDo You Like F.N.B. Corporation (NYSE:FNB) At This P/E Ratio?
Corporation's (NYSE:FNB) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for F.N.B: P/E of 10.03 = $11.5 ÷ $1.15 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … That means even if the current P/E is high, it will reduce over time if the share price stays flat.
Simply Wall St - – Full articleWhat Is F.N.B. Corporation's (NYSE:FNB) Share Price Doing?
Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … Will you have enough confidence to invest in the company should the price drop below its fair value? … However, the positive outlook means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Simply Wall St - – Full articleIs F.N.B. Corporation's (NYSE:FNB) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … While we always look at total compensation first, we note that the salary component is less, at US$1.1m. … Given the total loss of 1.4% over three years, many shareholders in F.N.B.
Simply Wall St - – Full articleDo Institutions Own Shares In F.N.B. Corporation (NYSE:FNB)?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleRisk Factors To Consider Before Investing In F.N.B. Corporation (NYSE:FNB)
Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … This is because growth determines the stability of a borrower’s salary as well as the level of interest rates. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk.
Simply Wall St - – Full articleDid You Manage To Avoid F.N.B's (NYSE:FNB) 14% Share Price Drop?
Corporation (NYSE:FNB) share price is down 14% in the last year. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Even though the F.N.B share price is down over the year, its EPS actually improved.
Simply Wall St - – Full articleCan These Factors Give You An Edge In F.N.B. Corporation (NYSE:FNB)?
Corporation’s (NYSE:FNB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$3.3b. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … A way to measure this risk is to look at three leverage and liquidity metrics which I will take you through today.
Simply Wall St - – Full articleCompany Info
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, 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.
Details
| Name: | F.N.B. Corporation |
| FNB | |
| Exchange: | NYSE |
| Founded: | 1864 |
| $3,465,708,811 | |
| 322,091,897 | |
| Website: | http://www.fnb-online.com |
| Address: |
F.N.B. Corporation One North Shore Center, 12 Federal Street, Pittsburgh, Pennsylvania, 15212, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | FNB | Common Stock | New York Stock Exchange | US | USD | 02. Sep 1986 | |
| DB | FN2 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Sep 1986 | |
| NYSE | FNB.PRE | DEP SHS 1/40 PFD | New York Stock Exchange | US | USD | 06. Nov 2013 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/08/18 23:38 |
| End of day share price update: | 2019/08/16 00:00 |
| Last estimates confirmation: | 2019/07/25 |
| Last earnings filing: | 2019/08/06 |
| Last earnings reported: | 2019/06/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
