PITTSBURGH, Dec. 16, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank, announced it is among the first wave of banks to introduce Payment Switch, a service that enables customers to automatically move their recurring ACH or Debit Card payments to FNB using the FNB Direct Mobile Banking App. Payment Switch makes it easier for customers to establish a relationship with FNB, advancing the Company's strategy to become the primary bank for its clients. Continue Rea ...

Key Takeaways EWBC's earnings are forecast to grow 7.4% in 2026, backed by solid liquidity and loan demand.VLY earnings are expected to jump 28.1% in 2026, aided by margin expansion and fee income efforts.FNB earnings are set to rise 14.2% in 2026, supported by new branches and inorganic growth moves.This year brought a lot of twists and turns for investors. It began on an optimistic note as the new President, Donald Trump, was projected to be business-friendly. Then came the Liberation Day tariff spectacle ...

Group 1 - The article does not provide any specific content related to a company or industry [1]

Group 1 - The article emphasizes the importance of upgrading companies to a Buy or Strong Buy rating, reflecting a positive outlook on their potential for growth and shareholder returns [1] - The focus is on identifying companies in the oil and gas sector that are trading at significant discounts to their intrinsic value, utilizing a value-oriented investment approach [1] - The investment philosophy combines principles from Benjamin Graham with a contrarian market approach, aiming to uncover undervalued businesses [1]

Group 1 - The article emphasizes the importance of upgrading companies to a Buy or Strong Buy rating, reflecting a positive outlook for shareholders [1] - The focus is on identifying companies in the oil and gas sector that are trading at a significant discount to their intrinsic value, utilizing Benjamin Graham's investment philosophy and a contrarian market approach [1] Group 2 - The author runs a value-oriented newsletter called Crude Value Insights, which analyzes cash flows and assesses company values within the oil and gas industry [1]

Financial Performance - Net income for Q3 2025 was $150 million, a 36.36% increase from $110 million in Q3 2024[10] - Net income for the nine months ended September 30, 2025, increased to $397 million, up from $355 million in 2024, representing a growth of 11.9%[14] - Earnings per common share for Q3 2025 were $0.41, up from $0.30 in Q3 2024, representing a 36.67% increase[10] - Basic earnings per common share for the nine months ended September 30, 2025, was $1.10, compared to $0.97 for the same period in 2024[148] Income and Expenses - Total interest income for Q3 2025 reached $596 million, up from $583 million in Q3 2024, reflecting a 2.23% increase[10] - Net interest income after provision for credit losses was $335 million for Q3 2025, compared to $300 million in Q3 2024, marking an 11.67% increase[10] - Non-interest income totaled $98 million in Q3 2025, an increase from $89 million in Q3 2024, representing a 10.11% growth[10] - Total non-interest expense decreased to $243 million in Q3 2025 from $249 million in Q3 2024, a reduction of 2.41%[10] Assets and Liabilities - The total assets of the company increased to $6.636 billion by the end of Q3 2025, up from $6.524 billion at the end of Q3 2024[12] - Total assets as of September 30, 2025, were $49,889 million, compared to $47,976 million as of September 30, 2024, showing an increase of 4%[156] - Total liabilities measured at fair value on a recurring basis were $218 million, all classified under Level 2[159] Credit Losses and Provisions - The provision for credit losses was $24 million in Q3 2025, slightly higher than $23 million in Q3 2024, reflecting a 4.35% increase[10] - The total provision for credit losses for the three months ended September 30, 2025, was $24.0 million, compared to $23.5 million for the same period in 2024[77] - The allowance for credit losses (ACL) on loans and leases was $437.3 million as of September 30, 2025, reflecting an increase of $14.5 million, or 3.4%, from December 31, 2024[77] Loans and Leases - Total loans and leases, net of unearned income, increased to $34,957 million as of September 30, 2025, from $33,939 million on December 31, 2024, representing a growth of 3.0%[44] - Total commercial loans and leases amounted to $21,140 million, slightly down from $21,164 million at the end of 2024, indicating a decrease of 0.1%[44] - Total consumer loans increased to $13,817 million, up from $12,775 million, marking a growth of 8.2%[44] Non-Performing Loans - Non-performing loans and leases decreased to $125 million as of September 30, 2025, down from $159 million at December 31, 2024, reflecting a reduction of 21.4%[58] - The ratio of non-performing loans and leases to total loans and leases improved to 0.36% in September 2025, compared to 0.47% in December 2024[58] Market and Economic Conditions - The macroeconomic variables used for ACL modeling included a projected 3.4% increase in the Housing Price Index and a 4.0% decrease in the Commercial Real Estate Price Index over the forecast period[76] - The company continues to analyze payment and volume activity, FICO scores, and Debt-to-Income (DTI) scores monthly to assess consumer loan performance[54] Capital and Borrowings - Total short-term borrowings increased to $1,905 million as of September 30, 2025, compared to $1,256 million as of December 31, 2024, representing a 51.6% increase[102] - Long-term borrowings decreased to $2,099 million as of September 30, 2025, down from $3,012 million as of December 31, 2024, a decline of 30.4%[103] Tax and Regulatory - Total income taxes for the nine months ended September 30, 2025, amounted to $107 million, up from $98 million in 2024[142] - The effective tax rate for the nine months ended September 30, 2025, was 21.2%, compared to 21.5% for the same period in 2024[142] Stock and Compensation - The company issued 1,413,805 restricted stock units during the nine months ended September 30, 2025, compared to 1,271,502 units in the same period of 2024[137] - Stock-based compensation expense for the nine months ended September 30, 2025, was $15 million, compared to $16 million for the same period in 2024[140]

Core Viewpoint - F.N.B. Corporation (FNB) shares have performed well over the past year, with a gain of approximately 9% [1] Group 1: Performance Analysis - The significant gains in FNB shares occurred post-2024 election, driven by expectations of bank deregulation [1] - Since the initial surge, FNB shares have remained mostly range-bound [1] Group 2: Analyst Insights - The analyst has over fifteen years of experience making contrarian bets based on macro views and stock-specific turnaround stories [1]

Core Insights - First National Bank (FNB), a subsidiary of F.N.B. Corporation, has received multiple awards for its workplace culture, including three National Culture Excellence honors and a regional Top Workplaces award for Charlotte, NC in 2025 [1][3][4] Group 1: Awards and Recognition - FNB has been recognized for its strong workplace culture, receiving awards in Professional Development, Employee Appreciation, and Employee Well-Being for the third consecutive year in 2025 [3] - The company has also been awarded as one of America's Greatest Workplaces and America's Greatest Workplaces for Financial Services by Newsweek, as well as a Top Workplace USA by Energage and USA Today [5] - FNB has been selected for the Charlotte Top Workplaces award for the fourth consecutive year, highlighting its growth in the region since establishing a presence in 2017 [4] Group 2: Company Overview - F.N.B. Corporation, headquartered in Pittsburgh, operates in seven states and the District of Columbia, with total assets of $50 billion and approximately 350 banking offices [7] - The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network [8][9] - FNB's market coverage includes major metropolitan areas such as Pittsburgh, Baltimore, Cleveland, Washington, D.C., and various cities in North Carolina and South Carolina [7]

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on identifying undervalued companies through fundamental analysis [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, highlighting F.N.B. (FNB) as a strong value stock with a Zacks Rank of 2 (Buy) and an A for Value [3] Company Metrics - FNB has a PEG ratio of 0.82, which is lower than the industry average of 0.94, indicating potential undervaluation [4] - The P/B ratio for FNB is 0.9, significantly lower than the industry average of 1.74, suggesting a solid valuation compared to peers [5] - FNB's P/CF ratio stands at 10.95, which is also lower than the industry average of 15.52, reinforcing the notion of undervaluation [6] Comparison with Other Companies - Live Oak Bancshares (LOB) is another value stock with a Zacks Rank of 2 (Buy) and a Value score of A, with a P/B ratio of 1.59, close to the industry average [7] - Both FNB and LOB are highlighted as likely undervalued stocks, supported by their strong earnings outlooks [8]

Core Insights - F.N.B. Corporation's CEO, Vincent J. Delie, Jr., has been awarded CEO of the Year – USA by The Digital Banker for his leadership and innovation in the U.S. banking industry [1][2] - Delie's leadership has significantly impacted FNB's growth, digital transformation, and customer experience, positioning the bank as a technology-driven institution [3][4] Company Overview - F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, and operates in seven states and Washington, D.C., with total assets of $50 billion and approximately 350 banking offices [6] - The company provides a comprehensive range of financial services, including commercial banking, consumer banking, and wealth management solutions [7] Digital Innovation - Under Delie's leadership, FNB has implemented a Clicks-to-Bricks strategy and developed the award-winning eStore® digital platform, enhancing customer access to financial services [3][4] - The eStore Common application allows clients to apply for multiple banking products through a single digital application, improving onboarding and personalizing customer interactions [3] Recognition and Awards - Delie has received multiple accolades, including being named CEO of the Year by The CEO Magazine and one of the top 50 CEOs in the U.S. by Brand Finance, reflecting his influence in the banking sector [4] - FNB has been recognized for its strong financial performance and innovative technology use, earning titles such as one of the World's Best Companies by TIME and one of America's Best and Most Trusted Companies by Forbes [4]