FNB, US3025201019

Wells Fargo cuts F.N.B. target to USD 21.00 for F.N.B. stock

Published on 10/07/2026 at 02:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FNB earned USD 0.42 per share in the second quarter, matching consensus. F.N.B. stock had a USD 6.2 billion market cap on October 6, 2026.

FNB, US3025201019, Illustration mit AI erstellt.

Wells Fargo lowered its F.N.B. target from USD 22.00 to USD 21.00 on September 29, 2026, while keeping an Overweight rating on F.N.B. stock, according to Markets Insider. The move puts the latest published target below Wells Fargo's earlier USD 22.00 level, while the bank cited rate concerns alongside longer-term industry considerations.

Second-quarter earnings set the baseline

F.N.B. reported diluted earnings per share of USD 0.42 for the second quarter of 2026, matching the consensus estimate, according to Zacks in its July 17, 2026 report. Net income available to common shareholders rose to USD 148.70 million from USD 130.70 million in the year-earlier quarter, a 13.77 percent increase.

Total revenue reached a record USD 462.70 million in the second quarter of 2026, up 5.60 percent from the year-earlier quarter, but missed the USD 468.00 million consensus estimate. Net interest income rose 5.30 percent to USD 365.70 million, while the net interest margin expanded to 3.25 percent from the year-earlier level.

Credit metrics and estimates matter next

The same Zacks report said F.N.B. repurchased 2.70 million shares for USD 47.00 million during the second quarter, at a weighted average price of USD 17.46. The common equity Tier 1 ratio was 11.40 percent as of June 30, 2026, up from 10.80 percent a year earlier, while provision for credit losses fell 16.60 percent to USD 21.40 million.

For the upcoming quarter, seven analysts forecast average revenue of USD 475.70 million, compared with USD 689.00 million in the year-earlier quarter, according to Finanzen. Eight analysts forecast earnings per share of USD 0.43, compared with USD 0.41 in the year-earlier quarter.

October results are the next test

F.N.B. plans to release third-quarter 2026 results after the market close on October 19, 2026 and hold its conference call on October 20 at 8:30 a.m. ET, according to Yahoo Finance. That calendar date gives investors a defined checkpoint for revenue, credit quality and margin trends after the second-quarter revenue miss.

F.N.B. had a market capitalization of USD 6.2 billion and a 52-week range of USD 14.46 to USD 19.59 as of October 6, 2026. The range places the bank's valuation in a measurable context as the next earnings report approaches.

Market value and upcoming catalyst

F.N.B. trades on the New York Stock Exchange under ticker FNB and had a USD 6.2 billion market capitalization as of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of FNB stock.