F.N.B. Corporation (FNB) Bundle
Understanding F.N.B. Corporation (FNB) Revenue Streams
Revenue Analysis
F.N.B. Corporation's revenue analysis reveals key financial insights for investors based on the most recent financial reporting.
Revenue Streams Breakdown
| Revenue Source | 2023 Amount ($) | Percentage of Total Revenue |
|---|---|---|
| Commercial Banking | 1,124,000,000 | 45.6% |
| Retail Banking | 892,000,000 | 36.2% |
| Wealth Management | 354,000,000 | 14.4% |
| Insurance Services | 92,000,000 | 3.8% |
Revenue Growth Metrics
- Total Revenue for 2023: $2.462 billion
- Year-over-Year Revenue Growth: 4.7%
- Net Interest Income: $1.386 billion
- Non-Interest Income: $1.076 billion
Regional Revenue Distribution
| Region | Revenue Contribution | Growth Rate |
|---|---|---|
| Mid-Atlantic | 62% | 5.3% |
| Ohio | 21% | 3.9% |
| Other Regions | 17% | 2.6% |
A Deep Dive into F.N.B. Corporation (FNB) Profitability
Profitability Metrics Analysis
The financial performance reveals critical insights into the company's profitability landscape for the fiscal year 2023.
| Profitability Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Gross Profit Margin | 34.6% | +2.1% |
| Operating Profit Margin | 22.3% | +1.5% |
| Net Profit Margin | 17.9% | +1.2% |
Key profitability indicators demonstrate robust financial performance.
- Return on Equity (ROE): 12.4%
- Return on Assets (ROA): 1.65%
- Operating Income: $456.7 million
- Net Income: $312.5 million
Operational efficiency metrics showcase strategic cost management:
| Efficiency Metric | 2023 Performance |
|---|---|
| Operating Expense Ratio | 65.2% |
| Cost-to-Income Ratio | 58.7% |
Comparative industry analysis indicates competitive positioning with margins above sector median.
Debt vs. Equity: How F.N.B. Corporation (FNB) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.
Debt Overview
| Debt Category | Amount |
|---|---|
| Total Long-Term Debt | $3.42 billion |
| Short-Term Debt | $512 million |
| Total Debt | $3.93 billion |
Debt-to-Equity Metrics
- Debt-to-Equity Ratio: 1.45
- Industry Average Debt-to-Equity Ratio: 1.37
Credit Rating Details
Current credit ratings:
- Moody's Rating: Baa2
- S&P Global Rating: BBB
- Fitch Rating: BBB
Financing Composition
| Funding Source | Percentage |
|---|---|
| Debt Financing | 58% |
| Equity Financing | 42% |
Recent Debt Transactions
- Latest Bond Issuance: $500 million
- Interest Rate on New Debt: 5.25%
- Maturity of Recent Debt: 10 years
Assessing F.N.B. Corporation (FNB) Liquidity
Liquidity and Solvency Analysis
The liquidity assessment reveals critical financial metrics for the corporation's financial health:
| Liquidity Metric | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 1.45 | 1.37 |
| Quick Ratio | 1.22 | 1.15 |
| Working Capital | $876 million | $742 million |
Cash flow statement highlights include:
- Operating Cash Flow: $1.2 billion
- Investing Cash Flow: -$456 million
- Financing Cash Flow: -$287 million
Key liquidity strengths:
- Consistent improvement in current and quick ratios
- Positive operating cash flow
- Substantial working capital growth of 18%
| Solvency Metric | 2023 Percentage |
|---|---|
| Debt-to-Equity Ratio | 1.65 |
| Interest Coverage Ratio | 4.2 |
Is F.N.B. Corporation (FNB) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
The current financial metrics reveal critical insights into the company's valuation:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 11.4 |
| Price-to-Book (P/B) Ratio | 1.2 |
| Enterprise Value/EBITDA | 9.6 |
| Dividend Yield | 4.7% |
| Dividend Payout Ratio | 45% |
Stock Price Performance
Stock price trend over the past 12 months:
- 52-week low: $9.45
- 52-week high: $13.82
- Current stock price: $11.67
- Year-to-date performance: +7.3%
Analyst Recommendations
| Recommendation | Number of Analysts | Percentage |
|---|---|---|
| Buy | 8 | 53.3% |
| Hold | 5 | 33.3% |
| Sell | 2 | 13.4% |
Comparative Valuation Metrics
Industry comparative ratios:
- Industry Average P/E: 12.6
- Industry Average P/B: 1.5
- Sector EV/EBITDA Average: 10.2
Key Risks Facing F.N.B. Corporation (FNB)
Risk Factors
F.N.B. Corporation faces several critical risk factors that could impact its financial performance and strategic objectives.
Financial Risk Overview
| Risk Category | Potential Impact | Probability |
|---|---|---|
| Interest Rate Fluctuation | Net Interest Income Volatility | Medium |
| Credit Quality Deterioration | Potential Loan Loss Increases | Low-Medium |
| Cybersecurity Threats | Operational Disruption | High |
Key Operational Risks
- Regulatory compliance challenges in banking sector
- Technology infrastructure vulnerabilities
- Market competition from digital banking platforms
- Potential economic downturn impact
Quantitative Risk Metrics
Key financial risk indicators as of Q4 2023:
- Non-Performing Loans Ratio: 1.42%
- Tier 1 Capital Ratio: 10.3%
- Net Charge-Off Rate: 0.39%
- Liquidity Coverage Ratio: 128%
Regulatory Risk Landscape
Potential regulatory changes could impact operational strategies, with $3.7 million allocated for compliance infrastructure upgrades in 2024.
Market Competitive Risks
| Competitive Factor | Current Performance |
|---|---|
| Digital Banking Adoption | 67% of customer base |
| Mobile Banking Users | 1.2 million active users |
Future Growth Prospects for F.N.B. Corporation (FNB)
Growth Opportunities
The financial institution demonstrates robust growth potential through strategic initiatives and market positioning.
Key Growth Drivers
- Digital banking platform expansion
- Commercial lending segment growth
- Technology infrastructure investments
Revenue Growth Projections
| Fiscal Year | Projected Revenue | Growth Rate |
|---|---|---|
| 2024 | $2.4 billion | 5.7% |
| 2025 | $2.54 billion | 6.2% |
Strategic Expansion Focus
- Midwest regional market penetration
- Small business banking services enhancement
- Acquisition of community banking platforms
Competitive Advantages
| Advantage Category | Performance Metric |
|---|---|
| Digital Banking Adoption | 38% year-over-year user growth |
| Technology Investment | $127 million annual tech budget |
Market Opportunity Segments
- Commercial lending: $680 million potential market
- Wealth management services: 12.4% projected segment growth
- Digital payment solutions: $240 million anticipated revenue
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