F.N.B
Market Cap
US$2.2b
Last Updated
2020/04/04 00:25 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
Earnings are forecast to decline by an average of -4.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet, undervalued 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.3%
FNB
-7.1%
US Banks
-2.0%
US Market
1 Year Return
-40.5%
FNB
-32.9%
US Banks
-15.1%
US Market
Return vs Industry: FNB underperformed the US Banks industry which returned -33.7% over the past year.
Return vs Market: FNB underperformed the US Market which returned -14.9% over the past year.
Shareholder returns
| FNB | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | -7.1% | -2.0% |
| 30 Day | -32.0% | -30.6% | -19.7% |
| 90 Day | -46.5% | -42.5% | -23.2% |
| 1 Year | -37.8%-40.5% | -30.9%-32.9% | -13.4%-15.1% |
| 3 Year | -47.1%-52.9% | -21.7%-27.5% | 10.9%3.7% |
| 5 Year | -38.0%-48.6% | 3.5%-8.4% | 28.4%14.4% |
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
1 week ago | Simply Wall St
What Is F.N.B's (NYSE:FNB) P/E Ratio After Its Share Price Tanked?1 week ago | Simply Wall St
Why Dividend Hunters Love F.N.B. Corporation (NYSE:FNB)3 weeks ago | Simply Wall St
How Does F.N.B's (NYSE:FNB) P/E Compare To Its Industry, After The Share Price Drop?Valuation
Is F.N.B undervalued compared to its fair value and its price relative to the market?
45.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FNB ($6.75) is trading below our estimate of fair value ($12.29)
Significantly Below Fair Value: FNB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FNB is good value based on its PE Ratio (5.8x) compared to the Banks industry average (8.6x).
PE vs Market: FNB is good value based on its PE Ratio (5.8x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: FNB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FNB is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is F.N.B forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNB's earnings are forecast to decline over the next 3 years (-4.4% per year).
Earnings vs Market: FNB's earnings are forecast to decline over the next 3 years (-4.4% per year).
High Growth Earnings: FNB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FNB's revenue (3.5% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: FNB's revenue (3.5% 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 (6.9%).
Next Steps
Past Performance
How has F.N.B performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNB has high quality earnings.
Growing Profit Margin: FNB's current net profit margins (32.4%) are higher than last year (31.7%).
Past Earnings Growth Analysis
Earnings Trend: FNB's earnings have grown significantly by 25.2% per year over the past 5 years.
Accelerating Growth: FNB's earnings growth over the past year (3.8%) is below its 5-year average (25.2% per year).
Earnings vs Industry: FNB earnings growth over the past year (3.8%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: FNB's Return on Equity (7.9%) is considered low.
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 (0.44%)
Next Steps
Dividend
What is F.N.B's current dividend yield, its reliability and sustainability?
7.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNB's dividend (7.11%) is higher than the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: FNB's dividend (7.11%) is in the top 25% of dividend payers in the US market (5.7%)
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 (41.2%), 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 (45.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Vince Delie (54yo)
8.25s
Tenure
US$6,434,071
Compensation
Mr. Vincent J. Delie, Jr., also known as Vince, is the Board Chairman, President and CEO of F.N.B. Corporation. Mr. Delie joined F.N.B. in 2005 as President and CEO of the Company’s Pittsburgh Region. Begi ...
CEO Compensation Analysis
Compensation vs Market: Vince's total compensation ($USD6.43M) is above average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.25yrs | US$6.43m | 0.16% $3.5m | |
| Chief Financial Officer | 10.83yrs | US$2.31m | 0.067% $1.5m | |
| Chief Credit Officer | 9yrs | US$1.66m | 0.029% $629.3k | |
| Chief Wholesale Banking Officer | 4.58yrs | US$1.45m | 0.015% $330.0k | |
| Chief Consumer Banking Officer | 4.67yrs | US$1.24m | 0.022% $471.4k | |
| Chief Investment Officer | 1.5yrs | no data | no data | |
| Corporate Controller | 3.08yrs | no data | 0.0020% $43.4k | |
| Manager of Investor Relations | 5.25yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 16.25yrs | US$277.03k | 0.010% $219.8k | |
| Director of Corporate Compliance | no data | no data | no data |
5.3yrs
Average Tenure
56yo
Average Age
Experienced Management: FNB's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.25yrs | US$6.43m | 0.16% $3.5m | |
| Independent Director | 5.25yrs | US$127.23k | 0.024% $524.6k | |
| Independent Lead Director | 12.25yrs | US$171.23k | 0.028% $615.5k | |
| Independent Director | 24.92yrs | US$154.10k | 0.034% $749.5k | |
| Independent Director | 7.5yrs | US$136.23k | 0.025% $556.6k | |
| Independent Director | 7.25yrs | US$134.73k | 0.015% $328.7k | |
| Independent Director | 15.17yrs | US$144.73k | 0.029% $624.3k | |
| Independent Director | 6.67yrs | US$137.23k | 0.011% $245.2k | |
| Independent Director | 5.25yrs | US$158.73k | 0.045% $989.5k | |
| Independent Director | 4.25yrs | US$158.73k | 0.014% $307.2k |
7.0yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FNB's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FNB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$2.190b
- Shares outstanding: 324.40m
- 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 | 2020/04/04 00:25 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.