FNB CORP/PA/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FNB CORP/PA/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling and marketing	10.1	11.5
Interest expense	67	134	238	330	208	98	165	656
Pre-tax income	246	356	452	471	343	503	553	584	555	669
Income tax	75	157	79	84	57	98	114	99	90	104
Net income	171	199	373	387	286	405	439	485	465	565
EPS, basic	0.79	0.63	1.13	1.17	0.86	1.24	1.23	1.32	1.27	1.57
EPS, diluted	0.78	0.63	1.12	1.16	0.85	1.23	1.22	1.31	1.27	1.56
Shares, basic (weighted)	206	302	324	325	323	320	350	361	361	361
Shares, diluted (weighted)	208	304	326	326	325	323	354	363	363	362
Dividend per share	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	371	479	488	599	1,383	3,493	1,674	1,576	2,419	2,498
Property, plant and equipment	244	337	330	333	332	345	432	461	536	568
Lease right-of-use assets				121	127	140	135	185	196	195
Goodwill	1,032	2,249	2,255	2,262	2,262	2,262	2,477	2,477	2,478	2,480
Intangible assets	53.8	92	79	67	54	42	89	69	51	36
Total assets	21,845	31,418	33,102	34,615	37,354	39,513	43,725	46,158	48,625	50,229
Short-term debt	2,503	3,679	4,129	3,216	1,804	1,536	1,372	2,506	1,256	2,017
Total liabilities	19,273	27,009	28,494	29,732	32,395	34,363	38,072	40,108	42,323	43,470
Total debt	539	668	627	1,340	1,095	682	1,093	1,971	3,012	1,901
Paid-in capital	2,234	4,033	4,049	4,067	4,087	4,109	4,696	4,692	4,695	4,695
Retained earnings	304	368	576	798	869	1,110	1,370	1,669	1,952	2,343
Treasury stock	-14.8	-19	-21	-27	-68	-117	-167	-187	-180	-220
Other comprehensive income	-61.4	-83	-106	-65	-39	-62	-357	-235	-169	-63
Shareholders' equity	2,572	4,409	4,608	4,883	4,959	5,150	5,653	6,050	6,302	6,759
Total equity	2,572	4,409	4,608	4,883	4,959	5,150	5,653	6,050	6,302	6,759
Total liabilities and equity	21,845	31,418	33,102	34,615	37,354	39,513	43,725	46,158	48,625	50,229

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	171	199	373	387	286	405	439	485	465	565
Depreciation and amortization	61	89	109	45	-3	10	73	78	67	77
Deferred income tax	15	129	32	33	-19	15	11	-6	45	46
Cash from operations	293	279	611	259	113	530	1,218	423	642	482
Capital expenditures	-60	-57	-35	-46	-41	-58	-95	-88	-139	-106
Acquisitions	246
Purchases of investments			-1,200	-655	-2,360	-1,683	-880	-1,008	-1,280	-931
Sales and maturities of investments	544	570	592	770	2,244	1,634	735	517	860	774
Cash from investing	-1,260	-1,529	-1,920	-1,131	-1,822	-153	-3,055	-2,261	-1,703	-1,487
Debt issued	46	155	37	954	328	25	381	1,230	1,379	638
Debt repaid	-173	-199	-77	-239	-574	-438	-231	-352	-341	-1,751
Stock issued	18	11	14	12
Share buybacks			0	0	-38	-43	-43	-36	-3	-50
Dividends paid	-102	-143	-157	-157	-157	-156	-171	-174	-175	-174
Cash from financing	849	1,358	1,318	983	2,493	1,733	18	1,740	1,904	1,084
Net change in cash	-118	108	9	111	784	2,110	-1,819	-98	843	79
Free cash flow	233	222	576	213	72	472	1,123	335	503	376
Interest paid	67	129	230	329	216	101	144	619	973	942
Income taxes paid	60	53	19	40	57	74	81	94	58	-22.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $17.64 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	15.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	21.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	8.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	14.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	22.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	8.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	12.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-24.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-26.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	33.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-25.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-30.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	39.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	6.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.29x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	3.9%	Total debt / total assets.
Liabilities / assets	86.6%	Total liabilities / total assets.
Net debt	-$373.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	4.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.33B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	103.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	11.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.69	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$1.74	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.97	Cash from operations / diluted weighted shares.
Book value per share	$19.13	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$12.11	Tangible book value / shares outstanding.
Cash per share	$6.64	(Cash + short-term investments) / shares outstanding.
Payout ratio	29.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	28.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	18.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$6.23B	Share price x shares outstanding.
Enterprise value	$5.85B	Market cap + total debt - cash - short-term investments.
P/E	10.3x	Market cap / net income. Only when net income is positive.
P/B	0.91x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.44x	Market cap / tangible book value, when positive.
P/FCF	10.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.85x	Market cap / cash from operations, when positive.
EV/FCF	9.41x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.0%	Free cash flow / market cap.
Earnings yield	9.7%	Net income / market cap (the inverse of P/E).
Dividend yield	2.8%	Dividends paid over the period / market cap.
Shareholder yield	4.6%	(Dividends paid + share buybacks) / market cap.
PEG	1.21x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was FNB CORP/PA/ profitable in fiscal 2025?

Yes. Net income was $565.0M, a net margin of -.

How much free cash flow did FNB CORP/PA/ generate in fiscal 2025?

Cash from operations of $482.0M minus capital expenditures of $106.0M left free cash flow of $376.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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