F.N.B. Corporation (FNB) Stock Analysis

F.N.B. Corporation’s competitive edge rests on a combination of regional scale, digital innovation, and a stable, low-cost deposit base. With approximately $49 billion in assets¹ and 350+ branches², FNB is a top-five deposit holder in nearly half its metropolitan markets³, outpacing many regional peers in deposit growth and retention. Its non-interest-bearing deposits comprise roughly 29% of total deposits⁴, supporting a cost of funds that is over 50 basis points lower than the peer average—an important advantage in a rising rate environment⁵.

FNB’s digital banking platform, eStore, has won industry awards and drives high engagement: 62% of customer interactions are digital, and digital banking revenue reached $214 million in 2023.⁶ This digital focus enables FNB to compete effectively with larger banks such as PNC and KeyBank, while maintaining a cost structure and customer intimacy more typical of smaller institutions.⁷

The company’s conservative risk management and capital strength—evidenced by a Common Equity Tier 1 ratio of 10.7%⁸ and tangible book value per share growth of 12% year-over-year⁹—provide resilience against industry shocks. FNB’s culture is recognized externally, with over 80 workplace awards and high employee engagement, supporting service quality and client retention. However, FNB faces intense competition from both national banks and fintechs, and its regional focus limits national scale.