DA Davidson's analyst Manuel Navas has elevated the price target for F.N.B. (FNB, Financial) from $17 to $19, maintaining a Buy rating for the stock. The optimism around FNB is driven by expectations of improved net interest margin and net interest income. This positive outlook stems from the company's neutral balance sheet positioning and the anticipated acceleration in commercial loan growth, according to the analyst's recent communication to investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for F N B Corp (FNB, Financial) is $17.63 with a high estimate of $19.00 and a low estimate of $15.00. The average target implies an upside of 9.68% from the current price of $16.07. More detailed estimate data can be found on the F N B Corp (FNB) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, F N B Corp's (FNB, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for F N B Corp (FNB, Financial) in one year is $15.71, suggesting a downside of 2.24% from the current price of $16.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the F N B Corp (FNB) Summary page.
FNB Key Business Developments
Release Date: July 18, 2025
- Net Income: $130.7 million, or $0.36 per share.
- Revenue Growth: 6.5% linked-quarter increase.
- Net Interest Income: $347 million.
- Noninterest Income: $91 million.
- Pre-Provision Net Revenue: $192 million, up 16% from the prior quarter.
- CET1 Ratio: Approaching 11%.
- Tangible Common Equity: 8.5%.
- Tangible Book Value Per Share: $11.14, up 13% year-over-year.
- Net Interest Margin: 3.19%, up 16 basis points linked-quarter.
- Average Total Deposits: Over $37 billion.
- Loan-to-Deposit Ratio: 91.9%.
- Return on Average Tangible Common Equity: 14%.
- Asset Quality Metrics: Total delinquency at 62 basis points, down 13 bps from the prior quarter.
- Net Charge-Offs: 25 basis points.
- Funded Provision Expense: $24.9 million.
- Operating Noninterest Expense: $246.2 million.
- Efficiency Ratio: 54.8%.
- Guidance for Net Interest Income 2025: $1.37 billion to $1.39 billion.
- Guidance for Noninterest Income 2025: $355 million to $365 million.
- Guidance for Noninterest Expense 2025: $975 million to $985 million.
- Effective Tax Rate Guidance: 21% to 22%.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- F N B Corp (FNB, Financial) reported strong financial performance with net income available to common shareholders of $130.7 million, or $0.36 per share.
- The company achieved record levels of net interest income at $347 million and noninterest income at $91 million, contributing to a 6.5% linked-quarter revenue growth.
- FNB's CET1 ratio approached 11%, with tangible common equity at 8.5%, and tangible book value per share increased by 13% year-over-year.
- The company successfully expanded its capital base, allowing for the repurchase of 725,000 shares and maintaining a return on average tangible common equity at 14%.
- FNB continues to invest in digital and data capabilities, including the integration of the eStore common application into its in-branch origination platform, enhancing customer experience and operational efficiency.
Negative Points
- Despite strong performance, FNB faces a volatile economic environment, which poses challenges in forecasting future financial outcomes.
- The company anticipates a potential contraction in net interest margin in the third quarter due to expected rate cuts by the Federal Reserve.
- FNB's noninterest expense increased, partly due to strategic hiring and investments in risk management infrastructure, impacting overall cost management.
- The company is experiencing a decline in commercial real estate loans, which may affect future loan growth prospects.
- FNB's down payment assistance program costs are expected to remain elevated in the near term, impacting noninterest expenses.
