F.N.B. (FNB) Financials

$15.42 +0.33 (+2.15%)

As of 11:58 AM Eastern

Annual Income Statements for F.N.B.

This table shows F.N.B.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	152	163	191	365	379	278	397	431	477	459
Consolidated Net Income / (Loss)	160	171	199	373	387	286	405	439	485	465
Net Income / (Loss) Continuing Operations	160	171	199	373	387	286	405	439	485	465
Total Pre-Tax Income	230	246	356	452	471	343	503	553	584	555
Total Revenue	661	813	1,098	1,208	1,211	1,216	1,237	1,443	1,571	1,596
Net Interest Income / (Expense)	498	612	846	932	917	922	907	1,120	1,317	1,280
Total Interest Income	547	679	980	1,170	1,247	1,130	1,005	1,285	1,973	2,252
Loans and Leases Interest Income	482	598	862	1,022	1,085	990	886	1,117	1,754	1,985
Investment Securities Interest Income	65	81	117	147	158	138	115	144	178	224
Other Interest Income	0.12	0.00	1.00	1.00	4.00	2.00	4.00	24	41	43
Total Interest Expense	49	67	134	238	330	208	98	165	656	972
Deposits Interest Expense	31	41	72	142	217	133	47	108	495	754
Short-Term Borrowings Interest Expense	7.08	12	44	75	80	38	27	25	78	99
Long-Term Debt Interest Expense	10	14	18	21	33	37	24	32	83	119
Total Non-Interest Income	162	201	252	276	294	294	330	323	254	316
Service Charges on Deposit Accounts	-	118	143	26	28	31	-	39	43	137
Other Service Charges	109	39	50	160	153	146	210	180	169	89
Net Realized & Unrealized Capital Gains on Investments	0.82	1.00	6.00	0.00	0.00	-17	0.00	0.00	-67	-34
Investment Banking Income	14	13	15	18	17	17	22	24	28	31
Other Non-Interest Income	18	30	38	72	96	117	61	80	81	93
Provision for Credit Losses	40	56	61	61	44	123	1.00	64	72	80
Total Non-Interest Expense	391	511	681	695	696	750	733	826	915	961
Salaries and Employee Benefits	202	240	327	370	375	406	418	426	462	504
Net Occupancy & Equipment Expense	66	78	103	115	121	137	128	144	161	177
Marketing Expense	8.40	-	-	-	13	13	14	16	17	21
Property & Liability Insurance Claims	13	19	33	33	23	20	18	20	61	41
Other Operating Expenses	90	126	143	161	150	161	141	220	214	218
Income Tax Expense	70	75	157	79	84	57	98	114	99	90
Preferred Stock Dividends Declared	8.04	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	6.00
Basic Earnings per Share	$0.87	$0.79	$0.63	$1.13	$1.17	$0.86	$1.24	$1.23	$1.32	$1.27
Weighted Average Basic Shares Outstanding	174.97M	206.24M	302.20M	324.21M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Diluted Earnings per Share	$0.86	$0.78	$0.63	$1.12	$1.16	$0.85	$1.23	$1.22	$1.31	$1.27
Weighted Average Diluted Shares Outstanding	174.97M	206.24M	302.20M	324.21M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Weighted Average Basic & Diluted Shares Outstanding	174.97M	206.24M	302.20M	324.21M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Cash Dividends to Common per Share	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48

This table shows F.N.B.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	136	137	145	140	143	49	116	123	110	110	117
Consolidated Net Income / (Loss)	138	139	147	142	145	51	122	123	110	110	117
Net Income / (Loss) Continuing Operations	138	139	147	142	145	51	122	123	110	110	117
Total Pre-Tax Income	173	176	182	179	164	59	156	157	140	102	148
Total Revenue	380	415	416	410	407	338	407	404	412	373	411
Net Interest Income / (Expense)	297	335	337	329	326	325	319	316	323	322	323
Total Interest Income	343	408	444	484	513	532	543	557	583	569	559
Loans and Leases Interest Income	297	357	394	429	455	476	481	494	516	494	480
Investment Securities Interest Income	38	42	43	42	45	48	53	55	55	61	62
Other Interest Income	8.00	9.00	7.00	13	13	8.00	9.00	8.00	12	14	17
Total Interest Expense	46	73	107	155	187	207	224	241	260	247	236
Deposits Interest Expense	31	54	84	112	139	160	170	180	199	205	186
Short-Term Borrowings Interest Expense	6.00	8.00	10	22	23	23	28	32	30	9.00	14
Long-Term Debt Interest Expense	9.00	11	13	21	25	24	26	29	31	33	36
Total Non-Interest Income	83	80	79	81	81	13	88	88	89	51	88
Service Charges on Deposit Accounts	10	-22	31	30	33	-51	32	35	35	35	35
Other Service Charges	47	76	22	24	22	101	25	22	22	20	21
Investment Banking Income	6.00	6.00	7.00	7.00	7.00	7.00	8.00	8.00	8.00	7.00	9.00
Other Non-Interest Income	20	20	19	20	19	23	23	23	24	23	23
Provision for Credit Losses	12	28	14	19	25	14	14	20	23	23	17
Total Non-Interest Expense	195	211	220	212	218	265	237	227	249	248	246
Salaries and Employee Benefits	107	103	120	114	114	114	129	121	126	128	135
Net Occupancy & Equipment Expense	36	38	39	38	42	42	44	43	46	44	46
Marketing Expense	3.00	5.00	4.00	4.00	5.00	4.00	5.00	4.00	6.00	6.00	5.00
Property & Liability Insurance Claims	5.00	5.00	7.00	8.00	8.00	38	13	10	10	8.00	8.00
Other Operating Expenses	39	103	43	43	44	84	42	44	57	75	52
Income Tax Expense	35	37	35	37	19	8.00	34	34	30	-8.00	31
Preferred Stock Dividends Declared	2.00	2.00	2.00	2.00	2.00	2.00	6.00	0.00	0.00	-	0.00
Basic Earnings per Share	$0.39	$0.39	$0.40	$0.39	$0.40	$0.13	$0.32	$0.34	$0.30	$0.31	$0.32
Weighted Average Basic Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Diluted Earnings per Share	$0.38	$0.39	$0.40	$0.39	$0.40	$0.12	$0.32	$0.34	$0.30	$0.31	$0.32
Weighted Average Diluted Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Weighted Average Basic & Diluted Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.12	-	$0.12	$0.12	$0.12	-	$0.12

This table details how cash moves in and out of F.N.B.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	202	-118	108	9.00	111	784	2,110	-1,819	-98	843
Net Cash From Operating Activities	223	293	279	611	259	113	530	1,218	423	642
Net Cash From Continuing Operating Activities	223	293	279	611	259	113	530	1,218	423	642
Net Income / (Loss) Continuing Operations	160	171	199	373	387	286	405	439	485	465
Consolidated Net Income / (Loss)	160	171	199	373	387	286	405	439	485	465
Provision For Loan Losses	40	56	61	61	44	123	1.00	64	72	80
Depreciation Expense	44	61	89	109	45	-3.00	10	73	78	67
Non-Cash Adjustments to Reconcile Net Income	-5.30	0.00	44	61	15	-127	-123	164	6.00	-3.00
Changes in Operating Assets and Liabilities, net	-15	5.00	-114	7.00	-232	-166	237	478	-218	33
Net Cash From Investing Activities	-1,143	-1,260	-1,529	-1,920	-1,131	-1,822	-153	-3,055	-2,261	-1,703
Net Cash From Continuing Investing Activities	-1,143	-1,260	-1,529	-1,920	-1,131	-1,822	-153	-3,055	-2,261	-1,703
Purchase of Property, Leasehold Improvements and Equipment	-9.72	-60	-57	-35	-46	-41	-58	-95	-88	-139
Purchase of Investment Securities	-1,946	-2,962	-3,478	-1,587	-1,158	-2,661	-3,131	-2,080	-1,198	-1,699
Sale of Property, Leasehold Improvements and Equipment	-	-	-	-	-	-2,604	558	-	-	-2,113
Divestitures	-	-	-	-	-	0.00	0.00	188	0.00	0.00
Sale and/or Maturity of Investments	813	1,762	1,809	962	1,500	3,484	2,478	1,763	1,467	2,248
Net Cash From Financing Activities	1,121	849	1,358	1,318	983	2,493	1,733	18	1,740	1,904
Net Cash From Continuing Financing Activities	1,121	849	1,358	1,318	983	2,493	1,733	18	1,740	1,904
Net Change in Deposits	1,093	814	1,163	1,059	1,334	4,337	2,604	258	-62	2,394
Issuance of Debt	142	298	534	487	41	-1,084	25	202	2,364	1,379
Repayment of Debt	-35	-173	-199	-77	-239	-574	-705	-231	-352	-1,590
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-111
Repurchase of Common Equity	-	-	-	0.00	0.00	-38	-43	-43	-36	-3.00
Payment of Dividends	-93	-110	-151	-165	-165	-165	-164	-179	-182	-177
Other Financing Activities, Net	0.03	2.00	-	14	12	17	16	11	8.00	12

This table details how cash moves in and out of F.N.B.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	247	-602	49	-19	-67	-61	-89	393	198	341	26
Net Cash From Operating Activities	349	177	19	130	294	-20	245	85	-14	326	64
Net Cash From Continuing Operating Activities	349	177	19	130	295	-21	245	85	-14	326	64
Net Income / (Loss) Continuing Operations	138	139	147	142	145	51	122	123	110	110	117
Consolidated Net Income / (Loss)	138	139	147	142	145	51	122	123	110	110	117
Provision For Loan Losses	12	28	14	19	26	13	14	20	23	23	17
Depreciation Expense	19	19	21	21	19	17	14	18	17	18	18
Non-Cash Adjustments to Reconcile Net Income	13	13	9.00	-13	-19	29	52	-30	-52	27	29
Changes in Operating Assets and Liabilities, net	167	-22	-172	-39	124	-131	43	-46	-112	148	-117
Net Cash From Investing Activities	-825	-642	-317	-636	-771	-537	76	-1,340	31	-470	-335
Net Cash From Continuing Investing Activities	-825	-642	-317	-636	-771	-537	76	-1,340	31	-470	-335
Purchase of Property, Leasehold Improvements and Equipment	-28	-17	-33	-27	-11	-17	-29	-30	-32	-48	-21
Purchase of Investment Securities	-355	-316	-75	-135	-156	-832	-556	-342	-153	-648	-244
Sale of Property, Leasehold Improvements and Equipment	-	-	-415	-677	-	-	-261	-1,188	-	-	-300
Sale and/or Maturity of Investments	295	397	206	203	221	837	922	220	624	482	230
Net Cash From Financing Activities	723	-137	347	487	410	496	-410	1,648	181	485	297
Net Cash From Continuing Financing Activities	723	-137	347	487	410	496	-410	1,648	181	485	297
Net Change in Deposits	413	-79	-581	-366	790	95	23	258	1,777	336	132
Issuance of Debt	361	-10	1,288	951	-319	444	-271	1,652	-1,448	1,446	718
Repayment of Debt	-9.00	-8.00	-306	-26	-19	-1.00	-11	-216	-108	-1,255	-504
Repurchase of Preferred Equity	-	-	0.00	-	-	-	-111	-	-	-	0.00
Repurchase of Common Equity	-	-	-12	-25	-	1.00	0.00	-3.00	-	-	-10
Payment of Dividends	-45	-44	-46	-45	-45	-46	-46	-43	-44	-44	-44
Other Financing Activities, Net	3.00	4.00	4.00	-2.00	3.00	3.00	6.00	-	4.00	2.00	5.00

This table presents F.N.B.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	17,558	21,845	31,418	33,102	34,615	37,354	39,513	43,725	46,158	48,625
Cash and Due from Banks	207	304	408	451	407	369	337	443	447	416
Interest Bearing Deposits at Other Banks	282	68	71	37	192	1,014	3,156	1,231	1,129	2,003
Trading Account Securities	3,268	4,581	6,100	6,617	6,564	6,331	3,426	7,362	7,165	7,445
Loans and Leases, Net of Allowance	12,048	14,739	20,824	21,973	23,093	25,096	24,624	29,853	31,917	33,516
Loans and Leases	12,190	14,897	20,999	22,153	23,289	25,459	24,968	30,255	32,323	33,939
Allowance for Loan and Lease Losses	142	158	175	180	196	363	344	402	406	423
Premises and Equipment, Net	159	244	337	330	333	332	345	432	461	536
Goodwill	833	1,032	2,249	2,255	2,262	2,262	2,262	2,477	2,477	2,478
Intangible Assets	46	54	92	79	67	54	42	89	69	51
Other Assets	710	823	1,337	1,360	1,646	1,742	29,650	1,714	2,005	1,962
Total Liabilities & Shareholders' Equity	17,558	21,845	31,418	33,102	34,615	37,354	39,513	43,725	46,158	48,625
Total Liabilities	15,461	19,273	27,009	28,494	29,732	32,395	34,363	38,072	40,108	42,323
Non-Interest Bearing Deposits	3,060	4,205	5,720	6,000	6,384	9,042	10,789	11,916	10,222	9,761
Interest Bearing Deposits	9,564	11,860	16,680	17,455	18,402	20,080	20,937	22,854	24,489	27,346
Short-Term Debt	2,049	2,503	3,679	4,129	3,216	1,804	1,536	1,372	2,506	1,256
Long-Term Debt	641	539	668	627	1,340	1,095	682	1,093	1,971	3,012
Other Long-Term Liabilities	148	165	262	283	390	374	419	837	920	948
Total Equity & Noncontrolling Interests	2,096	2,572	4,409	4,608	4,883	4,959	5,150	5,653	6,050	6,302
Total Preferred & Common Equity	2,096	2,572	4,409	4,608	4,883	4,959	5,150	5,653	6,050	6,302
Preferred Stock	107	107	107	107	107	107	107	107	107	0.00
Total Common Equity	1,989	2,465	4,302	4,501	4,776	4,852	5,043	5,546	5,943	6,302
Common Stock	1,810	2,236	4,036	4,052	4,070	4,090	4,112	4,700	4,696	4,699
Retained Earnings	243	304	368	576	798	869	1,110	1,370	1,669	1,952
Treasury Stock	-13	-15	-19	-21	-27	-68	-117	-167	-187	-180
Accumulated Other Comprehensive Income / (Loss)	-51	-61	-83	-106	-65	-39	-62	-357	-235	-169

This table presents F.N.B.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	42,590	44,146	44,778	45,496	45,896	47,715	47,976	49,020
Cash and Due from Banks	458	445	449	409	351	448	596	524
Interest Bearing Deposits at Other Banks	1,818	1,278	1,255	1,228	1,136	1,432	1,482	1,921
Trading Account Securities	7,212	3,201	7,165	7,067	7,119	7,257	7,314	7,506
Loans and Leases, Net of Allowance	28,395	30,270	30,941	31,750	32,178	33,338	33,297	33,806
Loans and Leases	28,780	30,673	31,354	32,151	32,584	33,757	33,717	34,235
Allowance for Loan and Lease Losses	385	403	413	401	406	419	420	429
Premises and Equipment, Net	421	452	465	460	474	489	505	539
Goodwill	2,435	2,477	2,477	2,477	2,477	2,477	2,478	2,478
Intangible Assets	52	84	79	74	65	60	56	48
Other Assets	1,650	36,109	1,853	1,921	1,989	2,082	2,055	2,008
Total Liabilities & Shareholders' Equity	42,590	44,146	44,778	45,496	45,896	47,715	47,976	49,020
Total Liabilities	37,184	38,358	38,960	39,602	39,890	41,625	41,727	42,602
Non-Interest Bearing Deposits	11,752	11,297	10,914	10,704	9,982	10,062	9,870	9,867
Interest Bearing Deposits	22,141	22,893	22,911	23,911	24,753	24,932	26,901	27,372
Short-Term Debt	1,395	2,149	2,391	2,066	2,074	3,616	1,562	1,969
Long-Term Debt	1,059	1,298	1,981	1,968	2,121	2,016	2,515	2,514
Other Long-Term Liabilities	837	721	763	953	960	999	879	880
Total Equity & Noncontrolling Interests	5,406	5,788	5,818	5,894	6,006	6,090	6,249	6,418
Total Preferred & Common Equity	5,406	5,788	5,818	5,894	6,006	6,090	6,249	6,418
Total Common Equity	5,299	5,681	5,711	5,787	6,006	6,090	6,249	6,418
Common Stock	4,569	4,697	4,690	4,693	4,698	4,694	4,697	4,700
Retained Earnings	1,275	1,471	1,564	1,664	1,740	1,820	1,886	2,025
Treasury Stock	-167	-172	-188	-188	-182	-181	-180	-186
Accumulated Other Comprehensive Income / (Loss)	-378	-315	-355	-382	-250	-243	-154	-121

This table displays calculated financial ratios and metrics derived from F.N.B.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.77%	23.06%	35.06%	10.02%	0.25%	0.41%	1.73%	16.65%	8.87%	1.59%
EBITDA Growth	10.86%	12.21%	44.95%	26.07%	-8.02%	-34.11%	50.88%	22.03%	5.78%	-6.04%
EBIT Growth	11.12%	7.12%	44.72%	26.97%	4.20%	-27.18%	46.65%	9.94%	5.64%	-4.96%
NOPAT Growth	10.83%	7.11%	16.37%	87.44%	3.75%	-26.10%	41.61%	8.40%	10.48%	-4.12%
Net Income Growth	10.83%	7.11%	16.37%	87.44%	3.75%	-26.10%	41.61%	8.40%	10.48%	-4.12%
EPS Growth	7.50%	-9.30%	-19.23%	77.78%	3.57%	-26.72%	44.71%	-0.81%	7.38%	-3.05%
Operating Cash Flow Growth	-49.98%	31.11%	-4.78%	119.00%	-57.61%	-56.37%	369.03%	129.81%	-65.27%	51.77%
Free Cash Flow Firm Growth	98.18%	-2,837.38%	-348.22%	92.01%	232.77%	498.40%	-52.06%	-134.75%	-518.65%	121.93%
Invested Capital Growth	3.95%	17.29%	55.96%	6.94%	0.80%	-16.75%	-6.24%	10.18%	29.67%	0.41%
Revenue Q/Q Growth	1.12%	5.12%	8.30%	0.48%	0.00%	0.16%	0.08%	8.41%	-4.67%	2.24%
EBITDA Q/Q Growth	0.57%	7.09%	12.92%	0.31%	-2.64%	-13.04%	12.50%	10.80%	-15.27%	7.78%
EBIT Q/Q Growth	0.05%	7.38%	12.02%	0.75%	0.21%	-8.29%	8.17%	10.60%	-16.72%	8.59%
NOPAT Q/Q Growth	-0.11%	7.74%	-12.13%	25.62%	-1.28%	-7.44%	7.14%	10.03%	-15.36%	14.53%
Net Income Q/Q Growth	-0.11%	7.74%	-12.13%	25.62%	-1.28%	-7.44%	7.14%	10.03%	-15.36%	14.53%
EPS Q/Q Growth	0.00%	4.00%	-18.18%	23.08%	-1.69%	-7.61%	7.89%	7.96%	-17.09%	17.59%
Operating Cash Flow Q/Q Growth	-11.74%	28.23%	22.15%	-8.90%	12.12%	175.61%	-8.30%	2.61%	-31.77%	116.89%
Free Cash Flow Firm Q/Q Growth	-105.84%	49.91%	12.06%	-154.32%	486.58%	36.68%	-16.98%	-461.63%	-28.70%	5,175.00%
Invested Capital Q/Q Growth	21.96%	4.08%	-2.35%	6.03%	1.45%	-4.72%	-2.37%	3.28%	6.03%	2.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	41.41%	37.76%	40.53%	46.44%	42.61%	27.96%	41.47%	43.38%	42.15%	38.99%
EBIT Margin	34.76%	30.26%	32.42%	37.42%	38.89%	28.21%	40.66%	38.32%	37.19%	34.79%
Profit (Net Income) Margin	24.17%	21.03%	18.12%	30.88%	31.96%	23.52%	32.74%	30.42%	30.87%	29.14%
Tax Burden Percent	69.52%	69.51%	55.90%	82.52%	82.17%	83.38%	80.52%	79.39%	83.05%	83.78%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.97%	99.96%
Effective Tax Rate	30.48%	30.49%	44.10%	17.48%	17.83%	16.62%	19.48%	20.61%	16.95%	16.22%
Return on Invested Capital (ROIC)	3.40%	3.29%	2.77%	4.12%	4.12%	3.31%	5.32%	5.67%	5.20%	4.41%
ROIC Less NNEP Spread (ROIC-NNEP)	3.40%	3.29%	2.77%	4.12%	4.12%	3.31%	5.32%	5.67%	5.20%	4.41%
Return on Net Nonoperating Assets (RNNOA)	4.35%	4.04%	2.93%	4.16%	4.04%	2.50%	2.69%	2.46%	3.09%	3.12%
Return on Equity (ROE)	7.75%	7.33%	5.70%	8.27%	8.16%	5.81%	8.01%	8.13%	8.29%	7.53%
Cash Return on Invested Capital (CROIC)	-0.48%	-12.63%	-40.96%	-2.59%	3.32%	21.59%	11.76%	-4.02%	-20.64%	4.00%
Operating Return on Assets (OROA)	1.36%	1.25%	1.34%	1.40%	1.39%	0.95%	1.31%	1.33%	1.30%	1.17%
Return on Assets (ROA)	0.95%	0.87%	0.75%	1.16%	1.14%	0.79%	1.05%	1.05%	1.08%	0.98%
Return on Common Equity (ROCE)	7.35%	6.99%	5.53%	8.08%	7.97%	5.69%	7.84%	7.97%	8.14%	7.46%
Return on Equity Simple (ROE_SIMPLE)	7.62%	6.65%	4.51%	8.09%	7.93%	5.77%	7.86%	7.77%	8.02%	7.38%
Net Operating Profit after Tax (NOPAT)	160	171	199	373	387	286	405	439	485	465
NOPAT Margin	24.17%	21.03%	18.12%	30.88%	31.96%	23.52%	32.74%	30.42%	30.87%	29.14%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.78%	39.11%	39.16%	40.15%	42.03%	45.72%	45.27%	40.61%	40.74%	43.99%
Operating Expenses to Revenue	59.12%	62.85%	62.02%	57.53%	57.47%	61.68%	59.26%	57.24%	58.24%	60.21%
Earnings before Interest and Taxes (EBIT)	230	246	356	452	471	343	503	553	584	555
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	274	307	445	561	516	340	513	626	662	622
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.81	0.98	0.79	0.56	0.71	0.55	0.70	0.77	0.80	0.84
Price to Tangible Book Value (P/TBV)	1.45	1.75	1.74	1.17	1.39	1.06	1.28	1.43	1.41	1.41
Price to Revenue (P/Rev)	2.44	2.96	3.11	2.09	2.81	2.20	2.84	2.95	3.04	3.33
Price to Earnings (P/E)	10.62	14.78	17.87	6.93	8.99	9.64	8.86	9.88	10.02	11.58
Dividend Yield	5.23%	4.19%	8.84%	6.16%	4.58%	5.78%	4.35%	3.96%	3.60%	3.25%
Earnings Yield	9.41%	6.77%	5.60%	14.44%	11.13%	10.38%	11.29%	10.12%	9.98%	8.64%
Enterprise Value to Invested Capital (EV/IC)	0.82	0.92	0.84	0.74	0.79	0.55	0.32	0.64	0.74	0.68
Enterprise Value to Revenue (EV/Rev)	5.93	6.38	6.73	5.71	6.17	3.54	1.90	3.57	4.96	4.49
Enterprise Value to EBITDA (EV/EBITDA)	14.32	16.90	16.60	12.30	14.48	12.65	4.58	8.24	11.76	11.51
Enterprise Value to EBIT (EV/EBIT)	17.07	21.08	20.75	15.27	15.86	12.54	4.67	9.32	13.33	12.90
Enterprise Value to NOPAT (EV/NOPAT)	24.55	30.33	37.13	18.51	19.30	15.04	5.80	11.74	16.06	15.41
Enterprise Value to Operating Cash Flow (EV/OCF)	17.54	17.70	26.48	11.30	28.84	38.07	4.43	4.23	18.41	11.16
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	23.94	2.30	2.62	0.00	0.00	16.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.28	1.18	0.99	1.03	0.93	0.58	0.43	0.44	0.74	0.68
Long-Term Debt to Equity	0.31	0.21	0.15	0.14	0.27	0.22	0.13	0.19	0.33	0.48
Financial Leverage	1.28	1.23	1.06	1.01	0.98	0.76	0.51	0.43	0.59	0.71
Leverage Ratio	8.18	8.44	7.63	7.16	7.13	7.31	7.60	7.71	7.68	7.67
Compound Leverage Factor	8.18	8.44	7.63	7.16	7.13	7.31	7.60	7.71	7.68	7.67
Debt to Total Capital	56.21%	54.19%	49.65%	50.79%	48.27%	36.89%	30.10%	30.36%	42.53%	40.38%
Short-Term Debt to Total Capital	42.81%	44.58%	42.02%	44.09%	34.07%	22.96%	20.85%	16.90%	23.81%	11.88%
Long-Term Debt to Total Capital	13.40%	9.61%	7.63%	6.70%	14.20%	13.93%	9.26%	13.46%	18.72%	28.50%
Preferred Equity to Total Capital	2.23%	1.90%	1.22%	1.14%	1.13%	1.36%	1.45%	1.32%	1.02%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.56%	43.90%	49.13%	48.07%	50.60%	61.75%	68.44%	68.32%	56.45%	59.62%
Debt to EBITDA	9.83	9.91	9.77	8.48	8.83	8.53	4.32	3.94	6.76	6.86
Net Debt to EBITDA	8.05	8.70	8.69	7.61	7.67	4.46	-2.49	1.26	4.38	2.97
Long-Term Debt to EBITDA	2.34	1.76	1.50	1.12	2.60	3.22	1.33	1.75	2.98	4.84
Debt to NOPAT	16.85	17.79	21.84	12.75	11.77	10.14	5.48	5.62	9.23	9.18
Net Debt to NOPAT	13.79	15.62	19.44	11.44	10.22	5.30	-3.15	1.80	5.98	3.98
Long-Term Debt to NOPAT	4.02	3.15	3.36	1.68	3.46	3.83	1.68	2.49	4.06	6.48
Noncontrolling Interest Sharing Ratio	5.19%	4.58%	3.06%	2.37%	2.25%	2.17%	2.12%	1.98%	1.83%	0.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-22	-657	-2,943	-235	312	1,867	895	-311	-1,924	422
Operating Cash Flow to CapEx	2,298.47%	488.33%	489.47%	1,745.71%	563.04%	4.27%	0.00%	1,282.11%	480.68%	28.51%
Free Cash Flow to Firm to Interest Expense	-0.46	-9.80	-21.96	-0.99	0.95	8.98	9.13	-1.88	-2.93	0.43
Operating Cash Flow to Interest Expense	4.60	4.37	2.08	2.57	0.78	0.54	5.41	7.38	0.64	0.66
Operating Cash Flow Less CapEx to Interest Expense	4.40	3.48	1.66	2.42	0.65	-12.17	10.51	6.81	0.51	-1.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.04	0.03
Fixed Asset Turnover	4.03	4.03	3.78	3.62	3.65	3.66	3.65	3.71	3.52	3.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,787	5,614	8,756	9,364	9,439	7,858	7,368	8,118	10,527	10,570
Invested Capital Turnover	0.14	0.16	0.15	0.13	0.13	0.14	0.16	0.19	0.17	0.15
Increase / (Decrease) in Invested Capital	182	828	3,142	608	75	-1,581	-490	750	2,409	43
Enterprise Value (EV)	3,919	5,187	7,388	6,903	7,471	4,302	2,349	5,155	7,788	7,164
Market Capitalization	1,611	2,409	3,413	2,528	3,407	2,679	3,517	4,257	4,780	5,315
Book Value per Share	$11.34	$11.71	$13.31	$13.88	$14.70	$15.04	$15.81	$15.81	$16.56	$17.53
Tangible Book Value per Share	$6.33	$6.55	$6.07	$6.68	$7.53	$7.86	$8.59	$8.50	$9.47	$10.49
Total Capital	4,787	5,614	8,756	9,364	9,439	7,858	7,368	8,118	10,527	10,570
Total Debt	2,690	3,043	4,347	4,756	4,556	2,899	2,218	2,465	4,477	4,268
Total Long-Term Debt	641	539	668	627	1,340	1,095	682	1,093	1,971	3,012
Net Debt	2,201	2,671	3,868	4,268	3,957	1,516	-1,275	791	2,901	1,849
Capital Expenditures (CapEx)	9.72	60	57	35	46	2,645	-500	95	88	2,252
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,690	3,043	4,347	4,756	4,556	2,899	2,218	2,465	4,477	4,268
Total Depreciation and Amortization (D&A)	44	61	89	109	45	-3.00	10	73	78	67
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.87	$0.79	$0.63	$1.13	$1.17	$0.86	$1.24	$1.23	$1.32	$1.27
Adjusted Weighted Average Basic Shares Outstanding	209.45M	211.10M	323.52M	324.49M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Adjusted Diluted Earnings per Share	$0.86	$0.78	$0.63	$1.12	$1.16	$0.85	$1.23	$1.22	$1.31	$1.27
Adjusted Weighted Average Diluted Shares Outstanding	209.45M	211.10M	323.52M	324.49M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	209.45M	211.10M	323.52M	324.49M	325.02M	321.52M	353.10M	360.63M	358.95M	359.72M
Normalized Net Operating Profit after Tax (NOPAT)	162	197	231	373	387	286	407	439	485	465
Normalized NOPAT Margin	24.49%	24.20%	21.03%	30.88%	31.96%	23.52%	32.87%	30.42%	30.87%	29.14%
Pre Tax Income Margin	34.76%	30.26%	32.42%	37.42%	38.89%	28.21%	40.66%	38.32%	37.17%	34.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.73	3.67	2.66	1.90	1.43	1.65	5.13	3.35	0.89	0.57
NOPAT to Interest Expense	3.29	2.55	1.49	1.57	1.17	1.38	4.13	2.66	0.74	0.48
EBIT Less CapEx to Interest Expense	4.53	2.78	2.23	1.75	1.29	-11.07	10.23	2.78	0.76	-1.75
NOPAT Less CapEx to Interest Expense	3.09	1.66	1.06	1.42	1.03	-11.34	9.23	2.08	0.61	-1.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.97%	64.33%	75.88%	44.24%	42.64%	57.69%	40.49%	40.77%	37.53%	38.06%
Augmented Payout Ratio	57.97%	64.33%	75.88%	44.24%	42.64%	70.98%	51.11%	50.57%	44.95%	38.71%

This table displays calculated financial ratios and metrics derived from F.N.B.'s official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.75%	36.96%	33.33%	22.02%	7.11%	-18.55%	-2.16%	-1.46%	1.23%	10.36%	0.98%
EBITDA Growth	42.22%	45.52%	147.56%	27.71%	-4.69%	-61.18%	-16.26%	-12.82%	-14.21%	59.05%	-2.35%
EBIT Growth	25.36%	43.09%	171.64%	31.02%	-5.20%	-66.65%	-14.29%	-12.65%	-14.63%	74.45%	-5.13%
NOPAT Growth	24.32%	40.40%	177.36%	30.28%	5.07%	-63.31%	-17.01%	-13.38%	-24.14%	115.69%	-4.10%
Net Income Growth	24.32%	40.40%	177.36%	30.28%	5.07%	-63.31%	-17.01%	-13.38%	-24.14%	115.69%	-4.10%
EPS Growth	11.76%	30.00%	166.67%	30.00%	5.26%	-69.23%	-20.00%	-12.82%	-25.00%	158.33%	0.00%
Operating Cash Flow Growth	315.48%	21.23%	-94.69%	-61.08%	-15.76%	-111.30%	1,189.47%	-34.62%	-104.76%	1,730.00%	-73.88%
Free Cash Flow Firm Growth	-121.58%	-203.74%	-762.72%	-1,830.34%	-998.86%	-285.92%	44.14%	43.84%	85.02%	102.84%	30.92%
Invested Capital Growth	4.15%	10.18%	21.88%	35.16%	26.31%	29.67%	10.46%	15.03%	4.01%	0.41%	6.86%
Revenue Q/Q Growth	13.10%	9.21%	0.24%	-1.44%	-0.73%	-16.95%	20.41%	-0.74%	1.98%	-9.47%	10.19%
EBITDA Q/Q Growth	22.29%	1.56%	4.10%	-1.23%	-8.73%	-58.63%	125.17%	2.82%	-10.18%	-23.31%	37.87%
EBIT Q/Q Growth	26.28%	1.73%	3.41%	-1.37%	-8.64%	-64.21%	166.67%	0.51%	-10.71%	-26.86%	44.53%
NOPAT Q/Q Growth	26.61%	0.72%	5.76%	-3.40%	2.11%	-64.83%	139.22%	0.82%	-10.57%	0.00%	6.36%
Net Income Q/Q Growth	26.61%	0.72%	5.76%	-3.40%	2.11%	-64.83%	139.22%	0.82%	-10.57%	0.00%	6.36%
EPS Q/Q Growth	26.67%	2.63%	2.56%	-2.50%	2.56%	-70.00%	166.67%	6.25%	-11.76%	3.33%	3.23%
Operating Cash Flow Q/Q Growth	4.49%	-49.28%	-89.27%	584.21%	126.15%	-106.80%	1,325.00%	-65.31%	-116.47%	2,428.57%	-80.37%
Free Cash Flow Firm Q/Q Growth	-220.69%	-249.14%	-147.30%	-66.05%	23.36%	-22.62%	64.21%	-66.94%	79.56%	123.26%	-970.15%
Invested Capital Q/Q Growth	4.26%	3.28%	13.76%	10.34%	-2.57%	6.03%	-3.10%	14.91%	-11.91%	2.36%	3.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	50.53%	46.99%	48.80%	48.90%	44.96%	22.40%	41.77%	43.27%	38.11%	32.28%	40.39%
EBIT Margin	45.53%	42.41%	43.75%	43.78%	40.29%	17.37%	38.33%	38.81%	33.98%	27.45%	36.01%
Profit (Net Income) Margin	36.32%	33.49%	35.34%	34.63%	35.63%	15.09%	29.98%	30.45%	26.70%	29.49%	28.47%
Tax Burden Percent	79.77%	78.98%	80.77%	79.33%	88.41%	86.44%	78.21%	78.34%	78.57%	107.84%	79.05%
Interest Burden Percent	100.00%	100.00%	100.00%	99.72%	100.00%	100.51%	100.00%	100.13%	100.00%	99.61%	100.00%
Effective Tax Rate	20.23%	21.02%	19.23%	20.67%	11.59%	13.56%	21.79%	21.66%	21.43%	-7.84%	20.95%
Return on Invested Capital (ROIC)	6.27%	6.24%	6.50%	6.33%	6.60%	2.54%	4.82%	4.32%	4.12%	4.46%	4.32%
ROIC Less NNEP Spread (ROIC-NNEP)	6.27%	6.24%	6.50%	6.33%	6.60%	2.54%	4.82%	4.32%	4.12%	4.46%	4.32%
Return on Net Nonoperating Assets (RNNOA)	2.93%	2.71%	3.24%	3.64%	3.79%	1.51%	3.12%	3.63%	2.75%	3.16%	3.02%
Return on Equity (ROE)	9.20%	8.95%	9.74%	9.98%	10.39%	4.05%	7.94%	7.96%	6.86%	7.62%	7.33%
Cash Return on Invested Capital (CROIC)	1.12%	-4.02%	-13.38%	-23.52%	-16.81%	-20.64%	-5.21%	-9.96%	0.08%	4.00%	-2.27%
Operating Return on Assets (OROA)	1.48%	1.47%	1.57%	1.64%	1.51%	0.61%	1.33%	1.31%	1.14%	0.92%	1.21%
Return on Assets (ROA)	1.18%	1.16%	1.27%	1.30%	1.33%	0.53%	1.04%	1.02%	0.89%	0.99%	0.96%
Return on Common Equity (ROCE)	9.02%	8.77%	9.55%	9.79%	10.19%	3.98%	7.87%	7.89%	6.80%	7.55%	7.33%
Return on Equity Simple (ROE_SIMPLE)	7.38%	0.00%	9.21%	9.73%	9.72%	0.00%	7.66%	7.24%	6.50%	0.00%	7.17%
Net Operating Profit after Tax (NOPAT)	138	139	147	142	145	51	122	123	110	110	117
NOPAT Margin	36.32%	33.49%	35.34%	34.63%	35.63%	15.09%	29.98%	30.45%	26.70%	29.49%	28.47%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	38.42%	35.18%	39.18%	38.05%	39.56%	47.34%	43.73%	41.58%	43.20%	47.72%	45.26%
Operating Expenses to Revenue	51.32%	50.84%	52.88%	51.71%	53.56%	78.40%	58.23%	56.19%	60.44%	66.49%	59.85%
Earnings before Interest and Taxes (EBIT)	173	176	182	180	164	59	156	157	140	102	148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	192	195	203	201	183	76	170	175	157	120	166
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.72	0.77	0.70	0.70	0.65	0.80	0.83	0.81	0.81	0.84	0.75
Price to Tangible Book Value (P/TBV)	1.35	1.43	1.28	1.26	1.15	1.41	1.45	1.39	1.37	1.41	1.24
Price to Revenue (P/Rev)	2.86	2.95	2.58	2.45	2.27	3.04	3.21	3.16	3.25	3.33	3.02
Price to Earnings (P/E)	20.93	9.88	7.59	7.13	6.61	10.02	11.19	11.42	12.75	11.58	10.52
Dividend Yield	4.42%	3.96%	4.35%	4.36%	4.61%	3.60%	3.44%	3.51%	3.40%	3.25%	3.57%
Earnings Yield	4.78%	10.12%	13.18%	14.03%	15.13%	9.98%	8.93%	8.76%	7.84%	8.64%	9.51%
Enterprise Value to Invested Capital (EV/IC)	0.52	0.64	0.63	0.66	0.63	0.74	0.76	0.74	0.68	0.68	0.63
Enterprise Value to Revenue (EV/Rev)	3.08	3.57	3.76	4.17	3.79	4.96	4.94	5.57	4.53	4.49	4.30
Enterprise Value to EBITDA (EV/EBITDA)	7.25	8.24	7.78	8.54	7.98	11.76	12.28	14.38	12.25	11.51	11.12
Enterprise Value to EBIT (EV/EBIT)	8.19	9.32	8.70	9.50	8.89	13.33	13.84	16.20	13.83	12.90	12.57
Enterprise Value to NOPAT (EV/NOPAT)	10.26	11.74	10.91	11.93	10.89	16.06	16.79	19.67	17.42	15.41	14.95
Enterprise Value to Operating Cash Flow (EV/OCF)	3.45	4.23	6.61	10.00	10.06	18.41	11.90	14.36	23.89	11.16	14.92
Enterprise Value to Free Cash Flow (EV/FCFF)	47.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	884.07	16.98	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.44	0.60	0.75	0.68	0.74	0.70	0.92	0.65	0.68	0.70
Long-Term Debt to Equity	0.20	0.19	0.22	0.34	0.33	0.33	0.35	0.33	0.40	0.48	0.39
Financial Leverage	0.47	0.43	0.50	0.58	0.57	0.59	0.65	0.84	0.67	0.71	0.70
Leverage Ratio	7.80	7.71	7.68	7.68	7.80	7.68	7.63	7.77	7.70	7.67	7.64
Compound Leverage Factor	7.80	7.71	7.68	7.66	7.80	7.72	7.63	7.78	7.70	7.64	7.64
Debt to Total Capital	31.22%	30.36%	37.33%	42.90%	40.63%	42.53%	41.12%	48.05%	39.48%	40.38%	41.12%
Short-Term Debt to Total Capital	17.75%	16.90%	23.27%	23.46%	20.81%	23.81%	20.33%	30.85%	15.13%	11.88%	18.06%
Long-Term Debt to Total Capital	13.47%	13.46%	14.06%	19.44%	19.82%	18.72%	20.79%	17.20%	24.36%	28.50%	23.06%
Preferred Equity to Total Capital	1.36%	1.32%	1.16%	1.05%	1.08%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.42%	68.32%	61.52%	56.05%	58.29%	56.45%	58.88%	51.95%	60.52%	59.62%	58.88%
Debt to EBITDA	4.34	3.94	4.61	5.53	5.16	6.76	6.67	9.34	7.06	6.86	7.25
Net Debt to EBITDA	0.32	1.26	2.31	3.38	3.07	4.38	4.31	6.22	3.46	2.97	3.30
Long-Term Debt to EBITDA	1.87	1.75	1.74	2.51	2.52	2.98	3.37	3.34	4.36	4.84	4.07
Debt to NOPAT	6.15	5.62	6.47	7.72	7.04	9.23	9.12	12.77	10.04	9.18	9.75
Net Debt to NOPAT	0.45	1.80	3.23	4.71	4.18	5.98	5.89	8.51	4.92	3.98	4.43
Long-Term Debt to NOPAT	2.65	2.49	2.44	3.50	3.43	4.06	4.61	4.57	6.19	6.48	5.47
Noncontrolling Interest Sharing Ratio	2.04%	1.98%	1.91%	1.90%	1.89%	1.83%	0.91%	0.90%	0.88%	0.87%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-175	-611	-1,511	-2,509	-1,923	-2,358	-844	-1,409	-288	67	-583
Operating Cash Flow to CapEx	1,246.43%	1,041.18%	4.24%	18.47%	2,672.73%	-117.65%	84.48%	6.98%	-43.75%	679.17%	19.94%
Free Cash Flow to Firm to Interest Expense	-3.80	-8.37	-14.12	-16.19	-10.28	-11.39	-3.77	-5.85	-1.11	0.27	-2.47
Operating Cash Flow to Interest Expense	7.59	2.42	0.18	0.84	1.57	-0.10	1.09	0.35	-0.05	1.32	0.27
Operating Cash Flow Less CapEx to Interest Expense	6.98	2.19	-4.01	-3.70	1.51	-0.18	-0.20	-4.70	-0.18	1.13	-1.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	3.49	3.71	3.66	3.73	3.74	3.52	3.37	3.26	3.24	3.20	3.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,860	8,118	9,235	10,190	9,928	10,527	10,201	11,722	10,326	10,570	10,901
Invested Capital Turnover	0.17	0.19	0.18	0.18	0.19	0.17	0.16	0.14	0.15	0.15	0.15
Increase / (Decrease) in Invested Capital	313	750	1,658	2,651	2,068	2,409	966	1,532	398	43	700
Enterprise Value (EV)	4,094	5,155	5,814	6,752	6,239	7,788	7,722	8,673	7,073	7,164	6,876
Market Capitalization	3,809	4,257	3,983	3,977	3,735	4,780	5,014	4,921	5,074	5,315	4,838
Book Value per Share	$15.11	$15.81	$15.75	$15.82	$16.13	$16.56	$16.69	$16.93	$17.38	$17.53	$17.84
Tangible Book Value per Share	$8.02	$8.50	$8.65	$8.74	$9.02	$9.47	$9.63	$9.88	$10.33	$10.49	$10.82
Total Capital	7,860	8,118	9,235	10,190	9,928	10,527	10,201	11,722	10,326	10,570	10,901
Total Debt	2,454	2,465	3,447	4,372	4,034	4,477	4,195	5,632	4,077	4,268	4,483
Total Long-Term Debt	1,059	1,093	1,298	1,981	1,968	1,971	2,121	2,016	2,515	3,012	2,514
Net Debt	178	791	1,724	2,668	2,397	2,901	2,708	3,752	1,999	1,849	2,038
Capital Expenditures (CapEx)	28	17	448	704	11	17	290	1,218	32	48	321
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,454	2,465	3,447	4,372	4,034	4,477	4,195	5,632	4,077	4,268	4,483
Total Depreciation and Amortization (D&A)	19	19	21	21	19	17	14	18	17	18	18
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.39	$0.40	$0.39	$0.40	$0.13	$0.32	$0.34	$0.30	$0.31	$0.32
Adjusted Weighted Average Basic Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Adjusted Diluted Earnings per Share	$0.38	$0.39	$0.40	$0.39	$0.40	$0.12	$0.32	$0.34	$0.30	$0.31	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	350.78M	360.63M	361.07M	358.82M	358.83M	358.95M	359.75M	359.57M	359.59M	359.72M	359.81M
Normalized Net Operating Profit after Tax (NOPAT)	140	139	149	142	145	51	122	123	110	71	117
Normalized NOPAT Margin	36.74%	33.49%	35.72%	34.63%	35.63%	15.09%	29.98%	30.45%	26.70%	19.14%	28.47%
Pre Tax Income Margin	45.53%	42.41%	43.75%	43.66%	40.29%	17.46%	38.33%	38.86%	33.98%	27.35%	36.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.76	2.41	1.70	1.16	0.88	0.28	0.70	0.65	0.54	0.41	0.63
NOPAT to Interest Expense	3.00	1.90	1.37	0.92	0.78	0.25	0.54	0.51	0.42	0.45	0.50
EBIT Less CapEx to Interest Expense	3.15	2.18	-2.49	-3.38	0.82	0.20	-0.60	-4.40	0.42	0.22	-0.73
NOPAT Less CapEx to Interest Expense	2.39	1.67	-2.81	-3.63	0.72	0.16	-0.75	-4.54	0.30	0.25	-0.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.11%	40.77%	33.77%	31.80%	31.41%	37.53%	39.57%	40.82%	44.09%	38.06%	38.04%
Augmented Payout Ratio	54.89%	50.57%	38.46%	38.34%	37.87%	44.95%	44.78%	41.27%	44.58%	38.71%	40.87%

Financials Breakdown Chart

Key Financial Trends

F.N.B. (NYSE: FNB) has shown consistent growth and operational improvements over the past several quarters, with certain fluctuations indicative of normal banking sector dynamics. Here's a summary of key financial trends based on the last four years of quarterly data:

Steady Net Interest Income: Net interest income has remained strong, reaching $323 million in Q1 2025, slightly up from $322 million in Q4 2024. This stability demonstrates effective interest rate management and loan portfolio strength.
Increasing Loans and Leases: The loans and leases portfolio has grown from $30.27 billion in Q1 2024 to $34.2 billion in Q1 2025, indicating expanding lending activities that support revenue generation.
Profit Growth: Net income attributable to common shareholders increased steadily, with $117 million reported in Q1 2025 compared to $110 million in Q4 2024 and consistent growth over prior years. Earnings per share also rose to $0.32 in Q1 2025 from $0.31 in Q4 2024.
Strong Operating Cash Flow: Net cash from continuing operating activities in Q1 2025 was $64 million, supporting the company's ability to fund operations and growth internally.
Capital Position Improvement: Total common equity rose to $6.42 billion in Q1 2025 from $6.25 billion in Q4 2024, reflecting retained earnings growth and capital management.
Effective Cost Control: Total non-interest expense slightly declined from $248 million in Q4 2024 to $246 million in Q1 2025 despite business growth, indicating controlled overhead costs.
Diversified Non-Interest Income: Non-interest income increased significantly to $88 million in Q1 2025, up from $51 million in Q4 2024, driven by higher service charges and other income sources, contributing to revenue diversification.
Modest Increase in Credit Loss Provision: Provision for credit losses decreased to $17 million in Q1 2025 from $22.6 million in Q4 2024 but remains a relevant cost factor impacting earnings.
Leveraged Debt Financing: The company increased issuance of debt in Q1 2025 to $718 million from $1.446 billion in Q4 2024 but also repaid $504 million, maintaining a substantial offsetting debt refinancing program.
Significant Investing Cash Outflows: Net cash used in investing activities reached -$335 million in Q1 2025 due to the purchase of securities and property. This sizable outflow may constrain short-term liquidity but likely supports future growth or risk management.

Summary: F.N.B. continues to demonstrate solid financial health with increased loan growth and stable net interest income, contributing to consistent net income improvements. The company manages expenses effectively and shows expansion in non-interest income, signifying diversification of revenue streams. However, careful monitoring of credit loss provisions and investing cash outflows is warranted. Overall, F.N.B. appears well-positioned for sustainable growth while maintaining capital strength and operational efficiency.

10/20/25 11:59 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About F.N.B.'s Financials

When does F.N.B.'s financial year end?

According to the most recent income statement we have on file, F.N.B.'s fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has F.N.B.'s net income changed over the last 9 years?

F.N.B.'s net income appears to be on an upward trend, with a most recent value of $465 million in 2024, rising from $159.65 million in 2015. The previous period was $485 million in 2023. Find out what analysts predict for F.N.B. in the coming months.

How has F.N.B.'s revenue changed over the last 9 years?

Over the last 9 years, F.N.B.'s total revenue changed from $660.63 million in 2015 to $1.60 billion in 2024, a change of 141.6%.

How much debt does F.N.B. have?

F.N.B.'s total liabilities were at $42.32 billion at the end of 2024, a 5.5% increase from 2023, and a 173.7% increase since 2015.

How much cash does F.N.B. have?

In the past 9 years, F.N.B.'s cash and equivalents has ranged from $207.40 million in 2015 to $451 million in 2018, and is currently $416 million as of their latest financial filing in 2024.

How has F.N.B.'s book value per share changed over the last 9 years?

Over the last 9 years, F.N.B.'s book value per share changed from 11.34 in 2015 to 17.53 in 2024, a change of 54.5%.

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This page (NYSE:FNB) was last updated on 10/20/2025 by MarketBeat.com Staff

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F.N.B. (FNB) Financials

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F.N.B. (FNB) Financials

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