At a glance
F.N.B. Corp is worth $6.40B, about 12 times its fiscal 2025 earnings. Revenue grew 10.6% to $1.76B in fiscal 2025, with 32.0% kept as profit; over 5 years it has grown 7.7% a year. It pays a 2.76% dividend yield, and returned $1.02B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +19.4% over the past year with dividends reinvested and +12.8% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 52.4% in the 2020 crash (S&P 500: 33.7%) and 22.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 10 months and 4 months after the lows.
The business in plain English
F.N.B. Corporation is a bank holding company, meaning a company that owns a bank. It is based in Pittsburgh, Pennsylvania, and dates back to 1864. Through its main bank subsidiary, FNBPA, it serves consumers, small and medium-sized businesses, larger corporations and governments. As of December 31, 2025, it had total assets of $50 billion, loans of $35 billion and deposits of $39 billion. It ran 355 branches across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia and Washington, D.C.
Most of its money comes from net interest income. That is the gap between the interest it earns on loans and securities and the interest it pays on deposits. In 2025, net interest income was about $1.4 billion of its $1.77 billion in revenue. The other $369 million was noninterest income, meaning fees from services such as mortgage banking, wealth management and insurance.
Community Banking is the largest of its three reporting segments. It offers business loans, equipment financing, mortgages and consumer loans in metro areas such as Pittsburgh, Baltimore, Cleveland, Charlotte, Raleigh and Charleston, South Carolina. Wealth Management handles trusts, estates and investments. It had about $14.9 billion of trust assets under administration as of December 31, 2025. Insurance runs an agency offering business and personal coverage. The annual report does not give a simple revenue split by segment.
Price history
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FNB +19.4% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $463.0M, up 5.5% from a year earlier, and net income was $149.0M (+14.6%).
- For fiscal 2025, revenue was $1.76B (+10.6% year over year; +7.7% a year from FY2020 to FY2025) with a 32% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +7.7% good |
|---|---|
| Return on equity | 8.4% watch |
| Net income / revenue | 32% good |
| Deposits | $38.68B |
| Loans | $35.32B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.22B | $286.0M | — |
| FY2021 | $1.24B | $405.0M | — |
| FY2022 | $1.44B | $439.0M | — |
| FY2023 | $1.57B | $485.0M | — |
| FY2024 | $1.60B | $465.0M | — |
| FY2025 | $1.76B | $565.0M | — |
Valuation snapshot
| Market value | $6.40B |
|---|---|
| P/E ratio | 11.6 |
| Dividend yield | 2.76% |
Rank among 1514 US companies
Market value at each year end
F.N.B.’s market value went from $3.37B at the end of 2016 to $6.40B on Oct 28, 2026, up 90%; since the end of 2025 it is up 5%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $6.40B | +4.5% |
| 2025 | $6.12B | +15.2% |
| 2024 | $5.31B | +7.6% |
| 2023 | $4.94B | +7.9% |
| 2022 | $4.58B | +18.3% |
| 2021 | $3.87B | +26.2% |
| 2020 | $3.07B | -25.7% |
| 2019 | $4.13B | +29.3% |
| 2018 | $3.19B | -28.6% |
| 2017 | $4.47B | +32.4% |
| 2016 | $3.37B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| FNB price data to Oct 28, 2026 | +8.4% | +19.4% | +24.0% | +12.8% | +7.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +8.4% |
| 2025 | +19.4% |
| 2024 | +10.9% |
| 2023 | +9.7% |
| 2022 | +11.7% |
| 2021 | +32.8% |
| 2020 | -20.8% |
| 2019 | +34.6% |
| 2018 | -26.2% |
| 2017 | -7.8% |
| 2016 | +24.6% |
| 2015 | +3.8% |
| 2014 | +9.7% |
| 2013 | +23.7% |
| 2012 | -2.0% |
| 2011 | +20.9% |
| 2010 | +53.4% |
| 2009 | -44.7% |
| 2008 | -3.3% |
| 2007 | -14.8% |
| 2006 | +11.3% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 60.2% over that stretch · deepest drop along the way 68.6%, back to its old high 60.7 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 49.2% over that stretch · deepest drop along the way 52.4%, back to its old high 9.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 0.2% over that stretch · deepest drop along the way 22.9%, back to its old high 4.1 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 2 sales ($430K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 12, 2026 | Gary L Guerrieri Chief Credit Officer | sell | $352K |
| Aug 6, 2026 | Bryant Mitchell David Chief Wholesale Banking Office | sell | $78K |
Who owns it
Large shareholders (13G filings)
| FMR LLC | 7.2% | Jun 30, 2025 |
| Vanguard Portfolio Management | 5.57% | Mar 31, 2026 |
| Vanguard Capital Management | 5.28% | Mar 31, 2026 |
| Fuller & Thaler Asset Management, Inc. | 4.69% | Jun 30, 2026 |
| First Trust Portfolios L.P. | 3.02% | Sep 30, 2026 |
ETFs with the most weight in FNB
| RFV Invesco S&P MidCap 400® Pure Value ETF | 0.69% |
| DVY iShares Select Dividend ETF | 0.53% |
| RFDA RiverFront Dynamic US Dividend Advantage ETF | 0.52% |
| SEIS SEI Select Small Cap ETF | 0.48% |
| PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 0.46% |
| FNK First Trust Mid Cap Value AlphaDEX Fund | 0.44% |
| AUSF Global X Adaptive U.S. Factor ETF | 0.43% |
| IVOV Vanguard S&P Mid-Cap 400 Value ETF | 0.37% |
What could go wrong
- Justice Department consent orders add costs. FNB's bank agreed to consent orders, which are settlements with enforcement terms, with the U.S. and North Carolina justice departments. They add compliance costs, may hurt its reputation and may limit some activities and deals.
- Interest rate swings hit core earnings. Net interest income was about $1.4 billion of $1.77 billion revenue in 2025, so Federal Reserve rate moves matter. Higher rates can also shrink the value of bonds it holds, lowering shareholders' equity.
- Commercial borrowers may fail to repay. Commercial loans carry bigger balances and rise and fall with the economy. Some borrowers have several loans with FNB, so one troubled borrower can mean larger losses. Collateral such as inventory may not cover them.
- Uninsured deposits could leave in a panic. Some deposits are above FDIC insurance limits. The FDIC is the federal guarantee on bank accounts. In a financial scare, uninsured depositors have more reason to withdraw quickly, which could strain the bank's cash.
- Growth by acquisition brings integration risk. FNB grows partly by acquiring other banks and financial businesses. Each deal carries risks, from the transaction itself to combining the acquired company's systems, people and customers after closing.
- Heavy reliance on its regional economies. Most of its loans and deposits come from its seven states and Washington, D.C. A slowdown, severe weather or other trouble in those areas could raise loan losses and slow growth.
Recent events
- Quarterly results released
- Quarterly results released
- Executive or board change
- Executive or board change; Shareholder vote results
- Quarterly results released
- Other company announcement
- Quarterly results released
- Investor presentation or announcement
For income and retirement investors
FNB paid a regular dividend of $0.48 per share every year from 2020 through 2025, with no increases. The income has been steady but flat. In 2025 the dividend used about 30.8% of earnings of $1.56 per share, which leaves some cushion. The yield was 2.76% as of October 28, 2026. From 2021 to 2025, FNB paid about $850 million in dividends and spent $175 million on buybacks. Even so, its share count rose about 10.7% between October 2021 and July 2026, which diluted existing owners.
The stock has fallen hard in crises. It dropped 68.6% between September 2008 and February 2009 and took about five years from the low to recover. It fell 52.4% in the 2020 COVID crash and recovered about 10 months after the low. In the 2022 bear market it fell 22.9% and recovered in about four months. A single bank stock carries more risk than a diversified fund, because one company's troubles can hit both its share price and its dividend.
Questions investors ask
How does F.N.B. Corporation make money?
Mostly from lending. FNB earns more interest on loans and securities than it pays on deposits. That gap is called net interest income, and it was about $1.4 billion of the company's $1.77 billion revenue in 2025. The remaining $369 million was noninterest income, meaning fees from services such as mortgage banking, wealth management and insurance. As of December 31, 2025, it held loans of $35 billion and deposits of $39 billion.
Does FNB raise its dividend every year?
No. FNB paid a regular dividend of $0.48 per share every year from 2020 through 2025, with no increase over that period. In 2025 the dividend used about 30.8% of earnings of $1.56 per share, which leaves some room if profits dip. The dividend yield was 2.76% as of October 28, 2026. Investors who want income that grows each year may find it worth comparing FNB with companies that have long records of dividend increases.
Where does FNB Bank have branches?
In seven states and Washington, D.C. As of December 31, 2025, FNB ran 355 branches in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia and Washington, D.C. Its network covers metro areas including Pittsburgh, where it is headquartered, plus Baltimore, Cleveland, Washington, Charlotte, Raleigh and Durham. It also covers the Piedmont Triad (Winston-Salem, Greensboro and High Point) and Charleston, South Carolina. Most of its loans and deposits come from these markets.
How has FNB stock performed over the long term?
It has gained over time, with deep drops along the way. Based on share price, as of October 28, 2026, the stock returned about 7.7% a year over 10 years and 12.8% a year over five years. Over one year it returned 19.4%. The falls can be steep: it lost 68.6% in the 2008 financial crisis and 52.4% in the 2020 COVID crash. Its largest drop over the past three years was 32.6%.
What is FNB's P/E ratio?
FNB traded at about 11.6 times its 2025 earnings as of October 28, 2026, and the company's market value was roughly $6.4 billion. The P/E (price-to-earnings) ratio compares the share price with profit per share, which was $1.56 in 2025. Return on equity measures the profit a company makes from its shareholders' money, and it was 8.4% for 2025. Net income grew 21.5% that year, and revenue rose 10.6%.