NYSE:FNB

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


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

3.5%

FNB

0.8%

US Banks

1.3%

US Market


1 Year Return

-39.3%

FNB

-28.4%

US Banks

15.8%

US Market

Return vs Industry: FNB underperformed the US Banks industry which returned -31.3% over the past year.

Return vs Market: FNB underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

FNBIndustryMarket
7 Day3.5%0.8%1.3%
30 Day-10.5%-7.5%-4.1%
90 Day-3.5%-1.9%8.4%
1 Year-35.9%-39.3%-25.8%-28.4%18.4%15.8%
3 Year-44.5%-51.2%-20.9%-27.4%38.2%29.0%
5 Year-34.8%-46.6%16.0%1.9%84.9%64.0%

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

Valuation

Is F.N.B undervalued compared to its fair value and its price relative to the market?

6.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FNB ($6.84) is trading above our estimate of fair value ($6.46)

Significantly Below Fair Value: FNB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FNB is good value based on its PE Ratio (6.9x) compared to the US Banks industry average (9.3x).

PE vs Market: FNB is good value based on its PE Ratio (6.9x) compared to the US market (17.6x).


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?

-0.9%

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 (-0.9% per year).

Earnings vs Market: FNB's earnings are forecast to decline over the next 3 years (-0.9% per year).

High Growth Earnings: FNB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FNB's revenue (0.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: FNB's revenue (0.8% 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 (5.1%).


Next Steps

Past Performance

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

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNB has high quality earnings.

Growing Profit Margin: FNB's current net profit margins (28.6%) are lower than last year (32.9%).


Past Earnings Growth Analysis

Earnings Trend: FNB's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: FNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FNB had negative earnings growth (-16%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: FNB's Return on Equity (6.7%) 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


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 (215%).

Low Risk Liabilities: 87% 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 (68%).

Low Risk Deposits: FNB's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: FNB has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

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

7.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FNB's dividend (7.02%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: FNB's dividend (7.02%) is in the top 25% of dividend payers in the US market (4.94%)


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 (48.5%), 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 covered by earnings (57.4% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Vince Delie (55 yo)

8.67yrs

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 ($USD6.43M) is above average for companies of similar size in the US market ($USD4.61M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Vincent Delie
Chairman8.67yrsUS$6.43m0.20%
$ 4.3m
Vincent Calabrese
Chief Financial Officer11.25yrsUS$2.31m0.082%
$ 1.8m
Gary Guerrieri
Chief Credit Officer9.42yrsUS$1.66m0.032%
$ 702.0k
Robert Moorehead
Chief Wholesale Banking Officer5yrsUS$1.45m0.019%
$ 412.4k
Barry Robinson
Chief Consumer Banking Officer5.08yrsUS$1.24m0.025%
$ 546.2k
Robert DeLisio
Chief Investment Officer1.92yrsno datano data
James Dutey
Corporate Controller3.5yrsno data0.0048%
$ 104.3k
Matthew Lazzaro
Manager of Investor Relations5.67yrsno datano data
James Orie
Chief Legal Officer & Corporate Secretary16.67yrsUS$277.03k0.011%
$ 248.1k
Barbara Cottrell
Director of Corporate Complianceno datano datano data
Jennifer Reel
Director of Corporate Communicationsno datano datano data
Thomas Whitesel
Chief Risk Officer4yrsno datano data

5.4yrs

Average Tenure

57yo

Average Age

Experienced Management: FNB's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vincent Delie
Chairman8.67yrsUS$6.43m0.20%
$ 4.3m
Robert Hormell
Independent Director5.67yrsUS$127.23k0.015%
$ 320.8k
William Campbell
Independent Lead Director12.67yrsUS$171.23k0.032%
$ 704.8k
William Strimbu
Independent Director25.33yrsUS$154.10k0.039%
$ 840.3k
James Chiafullo
Independent Director7.92yrsUS$136.23k0.029%
$ 643.0k
John Stanik
Independent Director7.67yrsUS$134.73k0.019%
$ 413.7k
David Malone
Independent Director15.5yrsUS$144.73k0.033%
$ 713.3k
Mary Dively
Independent Director2.67yrsUS$128.73k0.014%
$ 304.4k
David Motley
Independent Director7.08yrsUS$137.23k0.015%
$ 329.0k
Heidi Nicholas
Independent Director5.67yrsUS$158.73k0.078%
$ 1.7m
Frank Mencini
Independent Director4.67yrsUS$158.73k0.018%
$ 403.7k
Pamela Bena
Independent Director2.67yrsUS$134.73k0.012%
$ 272.1k

6.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FNB's board of directors are considered experienced (6.4 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$2.182b
  • Shares outstanding: 319.01m
  • 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 Analysis2020/09/29 00:10
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.