FNB FY 2021 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-7.4%
Op. Income	$503M	—	$343M	—	46.6%
Gross Margin	92.6%	—	77.0%	—	15.6pp
Net Margin	30.3%	—	19.8%	—	10.5pp
EPS (Diluted)	$1.23	—	$0.85	—	44.7%
Free Cash Flow	$472M	—	$72M	—	555.6%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$99M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$436M
SG&A Expenses	$450M
Other Expenses	$283M
Operating Expenses	$733M
Cost & Expenses	$832M
OPERATING INCOME	$503M
Interest Income	$1.0B
Interest Expense	$98M
Other Income/Expenses	$0
INCOME BEFORE TAX	$503M
Income Tax Expense	$98M
Net Income from Continuing Ops	$405M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$405M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$10M
EBIT	$503M
EBITDA	$513M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$99M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$436M
SG&A Expenses	$450M
Other Expenses	$283M
Operating Expenses	$733M
Cost & Expenses	$832M
OPERATING INCOME	$503M
Interest Income	$1.0B
Interest Expense	$98M
Other Income/Expenses	$0
INCOME BEFORE TAX	$503M
Income Tax Expense	$98M
Net Income from Continuing Ops	$405M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$405M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$10M
EBIT	$503M
EBITDA	$513M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$405M
Depreciation & Amortization	$10M
Stock-Based Compensation	$0
Deferred Income Tax	$15M
Other Non-Cash Items	$86M
Change in Working Capital	$14M
OPERATING CASH FLOW	$530M
Capital Expenditure	-$58M
Acquisitions (Net)	$0
Purchases of Investments	-$3.1B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$558M
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	-$680M
Common Stock Repurchased	-$43M
Common Dividends Paid	-$156M
Other Financing Activities	$2.6B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$472M
Net Change in Cash	$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.5B
Short-Term Investments	$3.4B
Net Receivables	$480M
Inventory	$0
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$7.4B
PP&E (Net)	$345M
Goodwill	$2.3B
Intangible Assets	$42M
Long-Term Investments	$27.9B
Tax Assets	$0
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$32.1B
TOTAL ASSETS	$39.5B
Account Payables	$0
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$31.7B
TOTAL CURRENT LIABILITIES	$33.1B
Long-Term Debt	$812M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$419M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$34.4B
Common Stock	$3M
Additional Paid-In Capital	$4.1B
Retained Earnings	$1.1B
Treasury Stock	-$117M
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$0
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$39.5B
Total Debt	$2.2B
Net Debt	-$1.3B