Why F.N.B. Corporation (FNB) Stock Is Up Today

Regional banking company F.N.B. Corporation met Wall Streets revenue expectations in Q4 CY2025, with sales up 11.6% year on year to $457.8 million. Its non-GAAP profit of $0.50 per share was 22.7% above analysts’ consensus estimates.

F.N.B. Corporation (FNB) Q4 CY2025 Highlights:

• Net Interest Income: $365.4 million vs analyst estimates of $367.2 million (13.5% year-on-year growth, in line)
• Net Interest Margin: 3.3% vs analyst estimates of 3.3% (in line)
• Revenue: $457.8 million vs analyst estimates of $458.3 million (11.6% year-on-year growth, in line)
• Efficiency Ratio: 53.8% vs analyst estimates of 53.3% (54.7 basis point miss)
• Adjusted EPS: $0.50 vs analyst estimates of $0.41 (22.7% beat)
• Tangible Book Value per Share: $11.87 vs analyst estimates of $11.78 (13.1% year-on-year growth, 0.8% beat)
• Market Capitalization: $6.22 billion

"F.N.B. Corporation delivered an exceptional fourth quarter with operating earnings per diluted common share (non-GAAP) of $0.50 and a return on average tangible common equity (non-GAAP) of 16%. FNB's strong profitability and capital generation resulted in tangible book value per share (non-GAAP) of $11.87, a 13% increase from the year-ago quarter. Our company achieved multiple records for the full-year 2025, including all-time revenue highs for seven of our fee-based businesses, total revenue of $1.8 billion, operating net income available to common shareholders (non-GAAP) of $577 million and operating earnings per diluted common share (non-GAAP) of $1.59," said F.N.B. Corporation Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr.

Company Overview

Tracing its roots back to 1864 during the Civil War era, F.N.B. Corporation is a diversified financial services holding company that provides banking, wealth management, and insurance services to consumers and businesses across seven states and Washington, D.C.

Sales Growth

In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investing banking, and trading fees. Over the last five years, F.N.B. Corporation grew its revenue at a tepid 7.3% compounded annual growth rate. This fell short of our benchmark for the banking sector and is a poor baseline for our analysis.

We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. F.N.B. Corporation’s recent performance shows its demand has slowed as its annualized revenue growth of 3.7% over the last two years was below its five-year trend.

This quarter, F.N.B. Corporation’s year-on-year revenue growth was 11.6%, and its $457.8 million of revenue was in line with Wall Street’s estimates.

Net interest income made up 77.2% of the company’s total revenue during the last five years, meaning lending operations are F.N.B. Corporation’s largest source of revenue.

While banks generate revenue from multiple sources, investors view net interest income as the cornerstone - its predictable, recurring characteristics stand in sharp contrast to the volatility of non-interest income.

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Tangible Book Value Per Share (TBVPS)

Banks profit by intermediating between depositors and borrowers, making them fundamentally balance sheet-driven enterprises. Market participants emphasize balance sheet quality and sustained book value growth when evaluating these institutions.

When analyzing banks, tangible book value per share (TBVPS) takes precedence over many other metrics. This measure isolates genuine per-share value by removing intangible assets of debatable liquidation worth. On the other hand, EPS is often distorted by mergers and flexible loan loss accounting. TBVPS provides clearer performance insights.

F.N.B. Corporation’s TBVPS grew at an excellent 8.5% annual clip over the last five years. TBVPS growth has also accelerated recently, growing by 12% annually over the last two years from $9.47 to $11.87 per share.

Over the next 12 months, Consensus estimates call for F.N.B. Corporation’s TBVPS to grow by 9.5% to $12.99, paltry growth rate.

Key Takeaways from F.N.B. Corporation’s Q4 Results

It was good to see F.N.B. Corporation beat analysts’ EPS expectations this quarter. We were also happy its tangible book value per share narrowly outperformed Wall Street’s estimates. On the other hand, its net interest income was in line. Overall, this print had some key positives. The stock traded up 1.9% to $17.60 immediately after reporting.

Sure, F.N.B. Corporation had a solid quarter, but if we look at the bigger picture, is this stock a buy? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).

Regional banking company F.N.B. Corporation will be reporting results this Tuesday afternoon. Here’s what to look for.

F.N.B. Corporation beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $460.6 million, up 10.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue and EPS estimates.

Is F.N.B. Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting F.N.B. Corporation’s revenue to grow 11.8% year on year to $458.3 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F.N.B. Corporation has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.

Looking at F.N.B. Corporation’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded down 39.1% following the results.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. F.N.B. Corporation is down 2.7% during the same time and is heading into earnings with an average analyst price target of $19.19 (compared to the current share price of $17.35).

What Happened?

A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official boosted hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Regional Banks company Merchants Bancorp jumped 3.9%. Is now the time to buy Merchants Bancorp? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company First Financial Bankshares jumped 3.8%. Is now the time to buy First Financial Bankshares? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company First Commonwealth Financial jumped 3.9%. Is now the time to buy First Commonwealth Financial? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company F.N.B. Corporation jumped 3.9%. Is now the time to buy F.N.B. Corporation? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company 1st Source jumped 3.9%. Is now the time to buy 1st Source? Access our full analysis report here, it’s free for active Edge members.

Zooming In On 1st Source (SRCE)

1st Source’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 28 days ago when the stock gained 3.4% on the news that a cooler-than-expected inflation report fueled optimism for potential Federal Reserve interest rate cuts. 

The September Consumer Price Index (CPI) report indicated a 3.0% year-over-year increase in prices, just below the 3.1% that economists had forecast. While still above the Federal Reserve's 2% target, investors interpreted this softer inflation reading as a sign that price pressures are easing. This development increases the likelihood that the central bank may move to cut interest rates. Lower interest rates can benefit banks by reducing their cost of funding and potentially stimulating loan demand from businesses and consumers. The positive sentiment was widespread, contributing to a broader market rally that saw the S&P 500, Dow, and Nasdaq all reach new record highs.

1st Source is up 7.6% since the beginning of the year, and at $62.18 per share, it is trading close to its 52-week high of $67.65 from February 2025. Investors who bought $1,000 worth of 1st Source’s shares 5 years ago would now be looking at an investment worth $1,617.

Let’s dig into the relative performance of Trustmark and its peers as we unravel the now-completed Q3 regional banks earnings season.

Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges.

The 94 regional banks stocks we track reported a satisfactory Q3. As a group, revenues missed analysts’ consensus estimates by 1.1%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Trustmark

Tracing its roots back to 1889 in Mississippi, Trustmark is a financial services organization providing banking, wealth management, insurance, and mortgage services across five southeastern states.

Trustmark reported revenues of $202.4 million, up 5.3% year on year. This print exceeded analysts’ expectations by 0.7%. Despite the top-line beat, it was still a mixed quarter for the company with a narrow beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.

Duane A. Dewey, President and CEO, stated, “Our momentum continues to build as reflected in Trustmark’s solid financial performance in the third quarter. Diversified loan growth and stable credit quality continued along with cost-effective core deposit growth. Our wealth management business performed well while our mortgage business continued to execute well in a challenging operating environment. We continued to implement organic growth initiatives and make investments to capitalize on opportunities in our marketplace. During the quarter, we added established relationship managers and production talent to accelerate profitable growth in key markets across our franchise. We will continue to add seasoned professionals with proven performance records to supplement our teams and expand and deepen customer relationships. These investments are designed to further enhance our financial performance and create long-term value for our shareholders.”

Unsurprisingly, the stock is down 2.6% since reporting and currently trades at $37.62.

Is now the time to buy Trustmark? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Customers Bancorp

Originally founded with a "high-tech, high-touch" branch-light banking strategy, Customers Bancorp is a bank holding company that provides commercial and consumer banking services through its Customers Bank subsidiary, with a focus on business lending and digital banking.

Customers Bancorp reported revenues of $232.1 million, up 38.5% year on year, outperforming analysts’ expectations by 7%. The business had a stunning quarter with an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

The market seems content with the results as the stock is up 4.4% since reporting. It currently trades at $68.45.

Is now the time to buy Customers Bancorp? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: The Bancorp

Operating behind the scenes of many popular fintech apps and prepaid cards you might use daily, The Bancorp is a bank holding company that specializes in providing banking services to fintech companies and offering specialty lending products.

The Bancorp reported revenues of $174.6 million, up 38.8% year on year, falling short of analysts’ expectations by 10%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.

As expected, the stock is down 19.3% since the results and currently trades at $62.15.

Read our full analysis of The Bancorp’s results here.

F.N.B. Corporation

Tracing its roots back to 1864 during the Civil War era, F.N.B. Corporation is a diversified financial services holding company that provides banking, wealth management, and insurance services to consumers and businesses across seven states and Washington, D.C.

F.N.B. Corporation reported revenues of $457.4 million, up 10.8% year on year. This result surpassed analysts’ expectations by 2.7%. It was a strong quarter as it also produced a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

The stock is up 10% since reporting and currently trades at $16.12.

Read our full, actionable report on F.N.B. Corporation here, it’s free for active Edge members.

Axos Financial

Originally founded as Bank of Internet USA in 1999 before rebranding in 2018, Axos Financial is a diversified financial services company that provides digital banking, securities clearing, and investment advisory solutions to retail and business customers nationwide.

Axos Financial reported revenues of $323.4 million, flat year on year. This number beat analysts’ expectations by 1.4%. Zooming out, it was a satisfactory quarter as it also produced a beat of analysts’ EPS estimates but a slight miss of analysts’ tangible book value per share estimates.

The stock is up 3.6% since reporting and currently trades at $81.94.

Read our full, actionable report on Axos Financial here, it’s free for active Edge members.

Market Update

In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.