Valuation, from the filing
| Public float | $5.04B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $14.11 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 8.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
8.9× earnings today, against a median of 9.5× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $5.04B | 8.9× | |
| 2024-06-30 | $4.74B | 10.2× | |
| 2023-06-30 | $3.97B | 8.2× | |
| 2022-06-30 | $3.69B | 8.4× | |
| 2021-06-30 | $3.81B | 9.4× | |
| 2020-06-30 | $2.36B | 8.3× | |
| 2019-06-30 | $3.73B | 9.6× | |
| 2018-06-30 | $4.25B | 11.4× | |
| 2017-06-30 | $4.46B | 22.4× | |
| 2016-06-30 | $2.53B | 14.8× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the National Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Effective tax rate | 15.5% | 8th | |
| Long-term debt / equity | 0.28x | 46th |
FNB CORP/PA/ (FNB) reported net income of $565.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FNB CORP/PA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under National Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $565.00M | $465.00M | $485.00M | $439.00M | $405.00M | $286.00M | $387.00M | $373.00M | $199.00M | $171.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 361.95M | shares 362.64M | shares 362.90M | shares 354.05M | shares 323.48M | shares 325.49M | shares 326.06M | shares 325.62M | shares 303.86M | shares 207.77M |
| Pretax income | $669.00M | $555.00M | $584.00M | $553.00M | $503.00M | $343.00M | $471.00M | $452.00M | $356.00M | $246.00M |
| Income tax expense | $104.00M | $90.00M | $99.00M | $114.00M | $98.00M | $57.00M | $84.00M | $79.00M | $157.00M | $75.00M |
| Diluted EPS | $1.56 | $1.27 | $1.31 | $1.22 | $1.23 | $0.85 | $1.16 | $1.12 | $0.63 | $0.78 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.50B | $2.42B | $1.58B | $1.67B | $3.49B | $1.38B | $599.00M | $488.00M | $479.00M | $371.00M |
| Total assets | $50.23B | $48.62B | $46.16B | $43.72B | $39.51B | $37.35B | $34.62B | $33.10B | $31.42B | $21.84B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $43.47B | $42.32B | $40.11B | $38.07B | $34.36B | $32.40B | $29.73B | $28.49B | $27.01B | $19.27B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $6.76B | $6.30B | $6.05B | $5.65B | $5.15B | $4.96B | $4.88B | $4.61B | $4.41B | $2.57B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $2.48B | $2.48B | $2.48B | $2.48B | $2.26B | $2.26B | $2.26B | $2.26B | $2.25B | $1.03B |
| Long-term debt | $1.90B | $3.01B | $1.97B | $1.09B | $682.00M | $1.10B | $1.34B | $627.00M | $668.00M | $539.49M |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $482.00M | $642.00M | $423.00M | $1.22B | $530.00M | $113.00M | $259.00M | $611.00M | $279.00M | $293.00M |
| Capital expenditures | $106.00M | $139.00M | $88.00M | $95.00M | $58.00M | $41.00M | $46.00M | $35.00M | $57.00M | $60.00M |
| Investing cash flow | -$1.49B | -$1.70B | -$2.26B | -$3.06B | -$153.00M | -$1.82B | -$1.13B | -$1.92B | -$1.53B | -$1.26B |
| Financing cash flow | $1.08B | $1.90B | $1.74B | $18.00M | $1.73B | $2.49B | $983.00M | $1.32B | $1.36B | $849.00M |
| Net change in cash | $79.00M | $843.00M | -$98.00M | -$1.82B | $2.11B | $784.00M | $111.00M | $9.00M | $108.00M | -$118.00M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $174.00M | $175.00M | $174.00M | $171.00M | $156.00M | $157.00M | $157.00M | $157.00M | $143.00M | $102.00M |
| Common share repurchases | $50.00M | $3.00M | $36.00M | $43.00M | $43.00M | $38.00M | $0 | $0 | Unavailable | Unavailable |
| Depreciation & amortization | $77.00M | $67.00M | $78.00M | $73.00M | $10.00M | -$3.00M | $45.00M | $109.00M | $89.00M | $61.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $376.00M | $503.00M | $335.00M | $1.12B | $472.00M | $72.00M | $213.00M | $576.00M | $222.00M | $233.00M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.28x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 15.5% | 16.2% | 17.0% | 20.6% | 19.5% | 16.6% | 17.8% | 17.5% | 44.1% | 30.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FNB in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.