NYSE : FNB
F.N.B. Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 18.32 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.43B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.99B | 2.00B | 1.99B | 1.75B | 1.12B | 886.00M |
| Interest Income on Investments | 339.14M | 330.00M | 267.00M | 219.00M | 168.00M | 119.00M |
| Total Interest Income | 2.33B | 2.33B | 2.25B | 1.97B | 1.28B | 1.00B |
| Interest Paid on Deposits | 692.33M | 737.00M | 754.00M | 495.00M | 108.00M | 47.00M |
| Interest Paid on Borrowings | 171.68M | 193.00M | 218.00M | 161.00M | 57.00M | 51.00M |
| Total Interest Expense | 864.01M | 930.00M | 972.00M | 656.00M | 165.00M | 98.00M |
| Net Interest Income | 1.47B | 1.40B | 1.28B | 1.32B | 1.12B | 907.00M |
| Trust Income | 49.92M | 48.00M | 46.00M | 43.00M | 39.00M | 37.00M |
| Mortgage Banking Activities | 22.75M | 28.00M | 26.90M | 21.20M | 18.50M | 32.20M |
| Gain (Loss) on Sale of Investments | 29.00K | -34.00M | -67.00M | 48.00K | 193.00K | |
| Other Non-Interest Income | 299.89M | 293.00M | 277.00M | 257.00M | 262.95M | 255.81M |
| Total Non-Interest Income | 372.58M | 369.00M | 315.90M | 254.20M | 320.50M | 325.20M |
| Revenues Before Loan Losses | 1.84B | 1.76B | 1.60B | 1.57B | 1.44B | 1.23B |
| Provision for Loan Losses | 78.38M | 86.00M | 80.00M | 72.00M | 64.00M | 1.00M |
| Revenue | 1.76B | 1.68B | 1.52B | 1.50B | 1.38B | 1.23B |
| Salaries and Employee Benefits | 520.61M | 513.00M | 487.00M | 444.00M | 404.00M | 397.00M |
| Occupancy Expenses | 83.87M | 78.00M | 79.00M | 70.00M | 68.00M | 58.00M |
| Federal Deposit Insurance | 28.65M | 28.00M | 41.00M | 61.00M | 20.00M | 18.00M |
| Amortization of Goodwill & Intangibles | 12.00M | |||||
| Selling, General & Administrative | 264.68M | 253.00M | 232.00M | 210.00M | 187.00M | 176.00M |
| Other Non-Interest Expense | 143.68M | 138.00M | 122.00M | 130.00M | 147.00M | 70.00M |
| Total Non-Interest Expense | 1.04B | 1.01B | 961.00M | 915.00M | 826.00M | 731.00M |
| EBT Excluding Unusual Items | 719.93M | 669.00M | 554.90M | 584.20M | 550.50M | 500.20M |
| Asset Writedown | 100.00K | -200.00K | 2.50M | 4.80M | ||
| Pretax Income | 719.93M | 669.00M | 555.00M | 584.00M | 553.00M | 503.00M |
| Income Tax Expense | 112.99M | 104.00M | 90.00M | 99.00M | 114.00M | 98.00M |
| Net Income | 606.93M | 565.00M | 465.00M | 485.00M | 439.00M | 405.00M |
| Preferred Dividends & Other Adjustments | 6.00M | 8.00M | 8.00M | 8.00M | ||
| Net Income to Common | 606.93M | 565.00M | 459.00M | 477.00M | 431.00M | 397.00M |
| Basic Shares Outstanding | 357.82M | 360.84M | 361.44M | 360.74M | 349.98M | 319.79M |
| Diluted Shares Outstanding | 358.35M | 361.95M | 362.64M | 362.90M | 354.05M | 323.48M |
| EPS (Basic) | 1.70 | 1.57 | 1.27 | 1.32 | 1.23 | 1.24 |
| EPS (Diluted) | 1.70 | 1.56 | 1.27 | 1.31 | 1.22 | 1.23 |
| Dividend Per Share | 0.50 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Effective Tax Rate | 15.70% | 15.55% | 16.22% | 16.95% | 20.61% | 19.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.53B | 2.50B | 2.42B | 1.58B | 1.67B | 3.49B |
| Investment Securities | 1.84B | 1.82B | 1.97B | 1.85B | 1.69B | |
| Trading Asset Securities | 239.00M | 233.00M | 116.00M | 96.00M | 185.00M | |
| Mortgage-Backed Securities | 8.15B | 6.11B | 5.72B | 5.28B | 5.60B | 5.28B |
| Total Investments | 8.15B | 8.19B | 7.78B | 7.36B | 7.54B | 7.16B |
| Gross Loans | 36.54B | 34.86B | 34.05B | 32.41B | 30.32B | 25.00B |
| Allowance for Loan Losses | -456.00M | -439.00M | -423.00M | -406.00M | -402.00M | -344.00M |
| Other Adjustments to Gross Loans | -87.00M | -106.00M | -91.00M | -69.00M | -36.00M | |
| Net Loans | 36.08B | 34.34B | 33.52B | 31.92B | 29.85B | 24.62B |
| Property, Plant & Equipment | 585.00M | 763.20M | 536.00M | 461.00M | 432.00M | 345.00M |
| Goodwill | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B | 2.26B |
| Other Intangible Assets | 27.00M | 36.00M | 51.00M | 69.00M | 89.00M | 42.00M |
| Loans Held for Sale | 237.00M | 515.00M | 218.00M | 488.00M | 124.00M | 295.00M |
| Accrued Interest Receivable | 31.90M | 28.90M | 152.90M | 122.20M | 68.50M | |
| Other Real Estate Owned & Foreclosed | 2.00M | 3.00M | 3.00M | 3.00M | 6.00M | 8.00M |
| Other Long-Term Assets | 1.96B | 1.18B | 1.41B | 1.43B | 1.28B | 1.09B |
| Total Assets | 52.05B | 50.23B | 48.62B | 46.16B | 43.73B | 39.51B |
| Interest Bearing Deposits | 29.42B | 25.12B | 23.28B | 21.27B | 21.00B | 19.62B |
| Institutional Deposits | 3.73B | 4.07B | 3.22B | 1.85B | 1.32B | |
| Non-Interest Bearing Deposits | 10.13B | 9.91B | 9.76B | 10.22B | 11.92B | 10.79B |
| Total Deposits | 39.55B | 38.76B | 37.11B | 34.71B | 34.77B | 31.73B |
| Short-Term Borrowings | 3.00B | 2.23B | 1.57B | 2.83B | 1.78B | 1.58B |
| Current Portion of Leases | 38.00M | |||||
| Long-Term Debt | 1.80B | 727.00M | 1.19B | 698.00M | 1.02B | 615.00M |
| Federal Home Loan Bank Debt, Long-Term | 1.10B | 1.75B | 1.20B | |||
| Long-Term Leases | 234.00M | |||||
| Trust Preferred Securities | 74.00M | 73.00M | 73.00M | 72.00M | 67.00M | |
| Other Long-Term Liabilities | 886.00M | 313.00M | 635.00M | 592.00M | 426.00M | 374.00M |
| Total Liabilities | 45.24B | 43.47B | 42.32B | 40.11B | 38.07B | 34.36B |
| Preferred Stock, Redeemable | 107.00M | 107.00M | 107.00M | |||
| Common Stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M | 3.00M |
| Additional Paid-In Capital | 4.69B | 4.70B | 4.70B | 4.69B | 4.70B | 4.11B |
| Retained Earnings | 2.65B | 2.34B | 1.95B | 1.67B | 1.37B | 1.11B |
| Treasury Stock | -344.00M | -220.00M | -180.00M | -187.00M | -167.00M | -117.00M |
| Comprehensive Income & Other | -187.00M | -63.00M | -169.00M | -235.00M | -357.00M | -62.00M |
| Total Common Equity | 6.81B | 6.76B | 6.30B | 5.94B | 5.55B | 5.04B |
| Shareholders' Equity | 6.81B | 6.76B | 6.30B | 6.05B | 5.65B | 5.15B |
| Total Liabilities & Equity | 52.05B | 50.23B | 48.62B | 46.16B | 43.73B | 39.51B |
| Total Debt | 4.80B | 4.40B | 4.58B | 4.80B | 2.88B | 2.26B |
| Net Cash (Debt) | -2.28B | -1.66B | -1.93B | -3.11B | -1.11B | 1.42B |
| Net Cash Per Share | -6.36 | -4.59 | -5.32 | -8.58 | -3.12 | 4.37 |
| Filing Date Shares Outstanding | 350.84M | 357.39M | 359.72M | 358.95M | 360.63M | 353.10M |
| Total Common Shares Outstanding | 350.84M | 357.30M | 359.62M | 358.83M | 360.47M | 318.93M |
| Book Value Per Share | 19.42 | 18.92 | 17.52 | 16.56 | 15.39 | 15.81 |
| Tangible Book Value | 4.31B | 4.24B | 3.77B | 3.40B | 2.98B | 2.74B |
| Tangible Book Value Per Share | 12.27 | 11.88 | 10.49 | 9.47 | 8.27 | 8.59 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 565.00M | 465.00M | 485.00M | 439.00M | 405.00M | |
| Depreciation & Amortization | 77.00M | 67.00M | 78.00M | 73.00M | 10.00M | |
| Gain (Loss) on Sale of Investments | 34.00M | 67.00M | ||||
| Provision for Credit Losses | 86.00M | 80.00M | 72.00M | 64.00M | 1.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -83.00M | -64.00M | -43.00M | 197.00M | -88.00M | |
| Accrued Interest Receivable | 1.00M | -4.00M | -34.00M | -42.00M | 14.00M | |
| Change in Other Net Operating Assets | -7.00M | -7.00M | -6.00M | 3.00M | ||
| Other Operating Activities | -125.00M | 87.00M | -228.00M | 510.00M | 241.00M | |
| Operating Cash Flow | 482.00M | 642.00M | 423.00M | 1.22B | 530.00M | |
| Capital Expenditures | -106.00M | -139.00M | -88.00M | -95.00M | -58.00M | |
| Cash Acquisitions | 188.00M | |||||
| Investment in Securities | -285.00M | -250.00M | 269.00M | -317.00M | -653.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.09B | -1.31B | -2.44B | -2.83B | 558.00M | |
| Other Investing Activities | -2.00M | |||||
| Investing Cash Flow | -1.49B | -1.70B | -2.26B | -3.06B | -153.00M | |
| Short-Term Debt Issued | 761.00M | 1.13B | ||||
| Long-Term Debt Issued | 638.00M | 1.38B | 1.23B | 381.00M | 25.00M | |
| Total Debt Issued | 1.40B | 1.38B | 2.36B | 381.00M | 25.00M | |
| Short-Term Debt Repaid | -1.25B | -179.00M | -267.00M | |||
| Long-Term Debt Repaid | -1.75B | -341.00M | -352.00M | -231.00M | -438.00M | |
| Total Debt Repaid | -1.75B | -1.59B | -352.00M | -410.00M | -705.00M | |
| Net Debt Issued (Repaid) | -352.00M | -211.00M | 2.01B | -29.00M | -680.00M | |
| Repurchase of Common Stock | -50.00M | -3.00M | -36.00M | -43.00M | -43.00M | |
| Preferred Share Repurchases | -111.00M | |||||
| Common Dividends Paid | -174.00M | -175.00M | -174.00M | -171.00M | -156.00M | |
| Preferred Dividends Paid | -2.00M | -8.00M | -8.00M | -8.00M | ||
| Total Dividends Paid | -174.00M | -177.00M | -182.00M | -179.00M | -164.00M | |
| Net Increase (Decrease) in Deposit Accounts | 1.65B | 2.39B | -62.00M | 258.00M | 2.60B | |
| Other Financing Activities | 10.00M | 12.00M | 8.00M | 11.00M | 16.00M | |
| Financing Cash Flow | 1.08B | 1.90B | 1.74B | 18.00M | 1.73B | |
| Net Cash Flow | 79.00M | 843.00M | -98.00M | -1.82B | 2.11B | |
| Free Cash Flow | 376.00M | 503.00M | 335.00M | 1.12B | 472.00M | |
| Free Cash Flow Margin | 22.39% | 33.18% | 22.35% | 81.58% | 38.34% | |
| Free Cash Flow Per Share | 1.04 | 1.39 | 0.92 | 3.17 | 1.46 | |
| Cash Interest Paid | 942.00M | 973.00M | 619.00M | 144.00M | 101.00M | |
| Cash Income Tax Paid | -23.00M | 58.00M | 94.00M | 81.00M | 74.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.34B | 6.12B | 5.31B | 4.94B | 4.58B | 3.87B |
| Last Close Price | 18.06 | 16.73 | 14.02 | 12.63 | 11.51 | 10.30 |
| PE Ratio | 10.65 | 10.84 | 11.58 | 10.36 | 10.62 | 9.74 |
| PS Ratio | 3.60 | 3.65 | 3.51 | 3.30 | 3.33 | 3.14 |
| PB Ratio | 0.93 | 0.91 | 0.84 | 0.82 | 0.81 | 0.75 |
| P/FCF Ratio | 10.19 | 16.29 | 10.57 | 14.75 | 4.08 | 8.20 |
| P/OCF Ratio | 9.00 | 12.71 | 8.28 | 11.68 | 3.76 | 7.30 |
| Debt / Equity Ratio | 0.70 | 0.65 | 0.73 | 0.79 | 0.51 | 0.44 |
| Debt / FCF Ratio | 11.70 | 9.11 | 14.34 | 2.56 | 4.79 | |
| Net Debt / Equity Ratio | 0.33 | 0.25 | 0.31 | 0.52 | 0.20 | -0.28 |
| Net Debt / FCF Ratio | 4.42 | 3.83 | 9.29 | 0.98 | -3.00 | |
| Return on Equity (ROE) | 9.03% | 8.65% | 7.53% | 8.29% | 8.13% | 8.01% |
| Return on Assets (ROA) | 1.19% | 1.14% | 0.98% | 1.08% | 1.05% | 1.05% |
| Earnings Yield | 9.39% | 9.23% | 8.75% | 9.82% | 9.59% | 10.47% |
| FCF Yield | 9.82% | 6.14% | 9.46% | 6.78% | 24.53% | 12.20% |
| Dividend Yield | 2.88% | 2.80% | 3.25% | 3.49% | 3.78% | 3.96% |
| Payout Ratio | 30.66% | 30.80% | 38.06% | 37.53% | 40.77% | 40.49% |
| Buyback Yield / Dilution | 1.13% | 0.19% | 0.07% | -2.50% | -9.45% | 0.62% |
| Total Shareholder Return | 4.01% | 2.99% | 3.32% | 0.99% | -5.67% | 4.57% |