| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
FNB Stock Overview
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.
F.N.B Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.23 |
| 52 Week High | US$14.11 |
| 52 Week Low | US$9.79 |
| Beta | 1.29 |
| 1 Month Change | 11.74% |
| 3 Month Change | 8.80% |
| 1 Year Change | 27.58% |
| 3 Year Change | 15.65% |
| 5 Year Change | -13.81% |
| Change since IPO | 82.76% |
Recent News & Updates
F.N.B. Corporation: Acquisition Benefits To Support Earnings Later This Year
The acquisition of Howard Bancorp will likely increase the loan portfolio by more than 7%. The rising interest-rate environment and the acquisition of Howard Bancorp will likely improve the net interest margin this year. Merger-related expenses and the acquisition of Howard will increase the non-interest expenses in early 2022. Cost savings will likely materialize later this year. Further reserve releases are likely through early 2022. The provision expense will likely normalize by the mid of this year. The December 2022 target price suggests a high upside from the current market price. Further, FNB is offering a decent dividend yield.
F.N.B. Corporation: Solid Third Quarter Earnings Likely Support Another Move Higher
Solid third quarter results exceed consensus expectations, largely driven by well-rounded revenue growth and nearly pristine credit. Average earning assets successfully continue to power through PPP loan forgiveness headwinds. Operating leverage continues to improve as the cost base once again shows signs of solid expense management.
Shareholder Returns
| FNB | US Banks | US Market | |
|---|---|---|---|
| 7D | -4.5% | -5.8% | -4.6% |
| 1Y | 27.6% | 28.1% | 7.7% |
Return vs Industry: FNB underperformed the US Banks industry which returned 29.3% over the past year.
Return vs Market: FNB exceeded the US Market which returned 10.2% over the past year.
Price Volatility
| FNB volatility | |
|---|---|
| FNB Average Weekly Movement | 4.4% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: FNB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FNB's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1864 | 4,077 | Vince Delie | https://www.fnb-online.com |
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.
F.N.B Fundamentals Summary
| FNB fundamental statistics | |
|---|---|
| Market Cap | US$4.29b |
| Earnings (TTM) | US$396.56m |
| Revenue (TTM) | US$1.24b |
10.6x
P/E Ratio0.8x
P/B RatioIs FNB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FNB income statement (TTM) | |
|---|---|
| Revenue | US$1.24b |
| Cost of Revenue | US$0 |
| Gross Profit | US$1.24b |
| Expenses | US$839.71m |
| Earnings | US$396.56m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Jan 20, 2022
| Earnings per share (EPS) | 1.24 |
| Gross Margin | 100.00% |
| Net Profit Margin | 32.08% |
| Debt/Equity Ratio | 43.1% |
How did FNB perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield39%
Payout RatioValuation
Is F.N.B undervalued compared to its fair value and its price relative to the market?
36.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FNB ($13.45) is trading below our estimate of fair value ($18.74)
Significantly Below Fair Value: FNB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FNB is poor value based on its PE Ratio (11.6x) compared to the US Banks industry average (11.2x).
PE vs Market: FNB is good value based on its PE Ratio (11.6x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: FNB is poor value based on its PEG Ratio (2.4x)
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).
Future Growth
How is F.N.B forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNB's forecast earnings growth (4.9% per year) is above the savings rate (2%).
Earnings vs Market: FNB's earnings (4.9% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: FNB's earnings are forecast to grow, but not significantly.
Revenue vs Market: FNB's revenue (5.4% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FNB's revenue (5.4% 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 (7.3%).
Past Performance
How has F.N.B performed over the past 5 years?
12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNB has high quality earnings.
Growing Profit Margin: FNB's current net profit margins (30.4%) are higher than last year (26.9%).
Past Earnings Growth Analysis
Earnings Trend: FNB's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: FNB's earnings growth over the past year (22.9%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: FNB earnings growth over the past year (22.9%) underperformed the Banks industry 43.7%.
Return on Equity
High ROE: FNB's Return on Equity (7.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: FNB's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: FNB has a sufficient allowance for bad loans (317%).
Low Risk Liabilities: 92% of FNB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNB has an appropriate level of Loans to Assets ratio (62%).
Low Risk Deposits: FNB's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: FNB has an appropriate level of bad loans (0.4%).
Dividend
What is F.N.B current dividend yield, its reliability and sustainability?
3.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNB's dividend (3.57%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: FNB's dividend (3.57%) is in the top 25% of dividend payers in the US market (3.48%)
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 (41.6%), 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 (40.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Vince Delie (56 yo)
11yrs
Tenure
US$6,308,713
Compensation
Mr. Vincent J. Delie, Jr., also known as Vince, is the Board Chairman of F.N.B. Corporation since 2017. Mr. Delie serves as Chairman, President and CEO at First National Bank of Pennsylvania.Mr. Delie joi...
CEO Compensation Analysis
Compensation vs Market: Vince's total compensation ($USD6.31M) is about average for companies of similar size in the US market ($USD5.14M).
Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FNB's management team is seasoned and experienced (7 years average tenure).
Board Members
Experienced Board: FNB's board of directors are considered experienced (8.7 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 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
- Implied Market Cap: US$4.290b
- Shares outstanding: 318.93m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 23:11 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.