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F.N.B.
(NYSE:FNB)
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Rating:69Neutral
Price Target:
$18.50
â–²(0.71% Upside)
Action:Downgraded
Date:10/20/26
The score is driven primarily by solid underlying financial performance (profitability, improving leverage, and a cash-flow rebound) and a constructive earnings outlook with strong operating and capital metrics. Valuation adds support via a low P/E and a ~3% dividend yield. These positives are tempered by weak technical trends (bearish momentum and trading below key moving averages) and call-out risks around expenses, deposit competition, and emerging credit/CRE monitoring factors.
Positive Factors
Strong Market Position
Leading deposit-market positions across its footprint indicate meaningful local franchise strength and customer reach. This supports more durable funding access, relationship expansion, and resilience in competing for deposits and loans over the next several quarters.
Negative Factors
CRE Exposure and Runoff
Declining commercial real estate balances can reduce loan growth and remove higher-yielding assets from the portfolio. The elevated concentration also leaves earnings and credit performance more sensitive to property-market conditions and upcoming CRE maturities.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Market Position
Leading deposit-market positions across its footprint indicate meaningful local franchise strength and customer reach. This supports more durable funding access, relationship expansion, and resilience in competing for deposits and loans over the next several quarters.
Read all positive factors
F.N.B. (FNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.23B
Dividend Yield2.81%
Average Volume (3M)5.28M
Price to Earnings (P/E)10.5
Beta (1Y)1.03
Revenue Growth2.48%
EPS Growth21.10%
CountryUS
Employees4,205
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.68
Shares Outstanding353,000,980
10 Day Avg. Volume6,546,295
30 Day Avg. Volume5,276,696
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.91
Price to Sales (P/S)2.28
P/FCF Ratio16.33
Enterprise Value/Market Cap1.68
Enterprise Value/Revenue3.87
Enterprise Value/Gross Profit6.02
Enterprise Value/Ebitda13.03
Forecast
1Y Price Target
$20.50Price Target Upside11.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.7
Revenue Forecast (FY)$1.88B
F.N.B. Business Overview & Revenue Model
Company Description
F.N.B. Corporation functions as a financial holding entity, delivering a broad spectrum of financial solutions. Its primary clientele includes individual consumers, corporate enterprises, governmental bodies, and small to mid-sized businesses. The...
How the Company Makes Money
FNB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as securities) and paying interest on funding sources (prim...
F.N.B. Earnings Call Summary
Earnings Call Date:Oct 19, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 20, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. F.N.B. reported 13% year-to-date EPS growth, record net interest income, strong loan and deposit growth, stable deposit mix, improved net charge-offs, solid capital ratios, accelerated buybacks, and expanding fee-based and technology initiatives. The main challenges were modest increases in delinquency and criticized loans, declining CRE balances, higher operating expenses in selected categories, mortgage and capital-markets pressure from higher rates, continued deposit competition, and macroeconomic and geopolitical uncertainty. Management nevertheless maintained a constructive outlook for loan growth, positive operating leverage, fee income, and capital deployment.Positive Updates
Year-to-Date Earnings Growth
Third quarter net income was $153 million, or $0.43 per share. Year-to-date earnings per share reached $1.23, a 13% increase over the same period in 2025.
Negative Updates
Slight Increase in Delinquencies and NPLs
Total delinquency was 75 basis points, up slightly during the quarter. NPLs and OREO totaled 33 basis points, up two basis points sequentially, although the level remained near historical lows.
Read all updates
Q3-2026 Updates
Positive
Negative
Year-to-Date Earnings Growth
Third quarter net income was $153 million, or $0.43 per share. Year-to-date earnings per share reached $1.23, a 13% increase over the same period in 2025.
Read all positive updates
Company Guidance
For full year 2026, all guidance is based on current expectations while remaining cognizant of the highly uncertain macroeconomic and geopolitical environments: period end loans and deposits are projected to grow mid-single digits on a full-year basis; net interest income guidance is $1.485 billion-$1.5 billion; non-interest income guidance is $370 million-$380 million; non-interest expense guidance remains $1.01 billion-$1.02 billion, with results expected to be toward the higher end of the range; F.N.B. continues to expect strong positive operating leverage; provision guidance is $80 million-$90 million, down $5 million at the high end and dependent on net loan growth and charge-off activity in the last quarter; and the full-year effective tax rate should be between 21% and 22%, which does not assume any investment tax credit activity that may occur.F.N.B. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.71B | 2.69B | 2.57B | 2.23B | 1.61B | 1.33B |
| Gross Profit | 1.75B | 1.68B | 1.52B | 1.50B | 1.38B | 1.24B |
| EBITDA | 805.74M | 746.36M | 622.00M | 662.00M | 626.00M | 513.00M |
| Net Income | 604.46M | 565.39M | 465.00M | 485.00M | 439.00M | 405.00M |
Balance Sheet | ||||||
| Total Assets | 51.00B | 50.23B | 48.63B | 46.16B | 43.73B | 39.51B |
| Cash, Cash Equivalents and Short-Term Investments | 426.00M | 6.22B | 5.39B | 4.83B | 4.95B | 6.92B |
| Total Debt | 4.97B | 3.92B | 4.27B | 4.48B | 2.46B | 2.22B |
| Total Liabilities | 44.16B | 43.47B | 42.32B | 40.11B | 38.07B | 34.36B |
| Stockholders Equity | 6.84B | 6.76B | 6.30B | 6.05B | 5.65B | 5.15B |
Cash Flow | ||||||
| Free Cash Flow | 622.00M | 376.00M | 503.00M | 335.00M | 1.12B | 472.00M |
| Operating Cash Flow | 704.00M | 482.00M | 642.00M | 423.00M | 1.22B | 530.00M |
| Investing Cash Flow | -1.52B | -1.49B | -1.70B | -2.26B | -3.06B | -153.00M |
| Financing Cash Flow | 764.00M | 1.08B | 1.90B | 1.74B | 18.00M | 1.73B |
F.N.B. Technical Analysis
Positive
18.37
Price Trends
17.91
Positive
18.26
Negative
17.67
Positive
Market Momentum
-0.07
Negative
61.75
Neutral
96.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNB, the sentiment is Positive. The current price of 18.37 is above the 20-day moving average (MA) of 17.33, above the 50-day MA of 17.91, and above the 200-day MA of 17.67, indicating a bullish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 96.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNB.
F.N.B. Risk Analysis
F.N.B. disclosed 38 risk factors in its most recent earnings report. F.N.B. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
F.N.B. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.43B | 12.86 | 9.37% | 3.22% | 7.96% | 29.54% | |
74 Outperform | $3.61B | 10.58 | 8.88% | 4.04% | 31.11% | 107.51% | |
73 Outperform | $2.07B | 12.51 | 10.83% | 2.68% | 4.87% | 25.01% | |
70 Outperform | $4.32B | 14.44 | 11.39% | 3.37% | 0.30% | 22.36% | |
69 Neutral | $6.23B | 10.47 | 8.93% | 2.81% | 2.48% | 21.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $5.46B | 10.54 | 0.04% | 3.83% | 20.79% | 94.69% |
* Financial Sector Average
FNB
F.N.B.
18.18
3.29
22.08%
FCF
First Commonwealth
21.06
5.33
33.88%
FULT
Fulton Financial
23.35
6.29
36.84%
AUB
Atlantic Union Bankshares
40.10
8.44
26.65%
UBSI
United Bankshares
48.46
14.55
42.91%
WSBC
WesBanco
39.13
9.73
33.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.