Can F.N.B. Corp Sustain the Momentum in Its Top-Line in 2026?

F.N.B. Corporation FNB has maintained solid top-line growth in recent years, supported by steady organic expansion, geographic diversification and a broader revenue mix. Total revenues saw a compound annual growth rate (CAGR) of 7.7% from 2020 through 2025, with momentum extending into 2026. Notably, second-quarter 2026 revenues reached a record $462.7 million, reflecting continued strength across the company’s core businesses.

Growth in the lending portfolio has been a key contributor to revenue expansion. Net loans and leases witnessed a CAGR of 6.5% over 2020-2025, helping net interest income (NII) see a CAGR of 8.7%. At the same time, non-interest income witnessed a CAGR of 4.6%, underscoring the benefit of FNB’s efforts to diversify its revenue streams beyond traditional spread income.

Looking ahead, the company’s expansion strategy should provide additional support to its top line. FNB plans to open 30 de novo branches by 2030 across high-growth markets in the Southeast and Mid-Atlantic regions. Investments in digital capabilities, data analytics and artificial intelligence should further enhance client acquisition and operating efficiency. Meanwhile, initiatives such as Payment Switch and the enhanced family wealth offering for ultra-high-net-worth clients and business owners are expected to support fee-income growth.

Management expects non-interest income of $93-$98 million in the third quarter of 2026 and $370-$390 million for the full year, compared with $369 million in 2025. Loan growth is also expected to remain healthy, with period-end loans projected to increase year over year at a mid-single-digit rate. Combined with the prevailing interest-rate environment, this should support further expansion in NII, which management expects to reach $1.485-$1.515 billion in 2026, implying a rise from the $1.40 billion reported in 2025.

Overall, FNB appears well-positioned to sustain its top-line momentum through the remainder of 2026. Continued loan growth, higher NII, resilient fee income and expansion into attractive markets should remain key revenue drivers, although the pace of revenue expansion will remain sensitive to interest-rate movements and broader economic conditions. The Zacks Consensus Estimate for 2026 revenues is pegged at $1.87 billion, suggesting year-over-year growth of 6.1%.

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Revenue Trajectory of FNB’s Peers

Let us look at the revenue trend of two of FNB’s peer banks, Associated Banc-Corp ASB and Commerce Bancshares CBSH.

Associated Banc-Corp’s revenues have seen a CAGR of 3.1% over the five years ended 2025, with the uptrend continuing in the first half of 2026. The expansion of lending capabilities under Associated Banc-Corp’s strategic plan, addition of “higher-margin” lending portfolios and continued digital investments are expected to keep strengthening its revenue generation. The acquisition of American National Corporation should broaden Associated Banc-Corp’s scale, customer base and earnings opportunities.

Commerce Bancshares’ expansion strategy gained scale with the January 2026 acquisition of FineMark, which added private banking and wealth management operations in Florida, Arizona and South Carolina. Moreover, the pending acquisition of Nolan & Associates will broaden the company’s middle-market advisory capabilities and connect commercial banking, capital markets and wealth services. These initiatives diversify revenue sources and provide several avenues for top-line growth beyond traditional spread income. Though Commerce Bancshares’ revenues declined in 2020, the metric witnessed a six-year (2019-2025) CAGR of 4.6%.

FNB’s Price Performance & Zacks Rank

Over the past six months, FNB shares have gained 5.8% compared with the industry’s 9.5% growth.

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Currently, F.N.B. Corp carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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