Estados financieros detallados de F.N.B. Corporation (FNB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
F.N.B. Corporation registró ingresos de $2.69B en el último ejercicio fiscal, con un CAGR de 5 años del 13.3%. El beneficio neto alcanzó $565.4M, con un CAGR a 5 años del 14.6%.
Márgenes de los últimos 12 meses: margen bruto 64.4%, margen operativo 26.5%, margen neto 22.3%. El flujo de caja libre creció a un CAGR del 39.2% en 5 años.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $880.0M | $1.23B | $1.45B | $1.54B | $1.44B | $1.33B | $1.61B | $2.23B | $2.57B | $2.69B |
| Coste de Ventas | $123.0M | $195.0M | $299.0M | $374.0M | $331.0M | $99.0M | $229.0M | $728.0M | $1.05B | $1.02B |
| Beneficio Bruto | $757.0M | $1.04B | $1.15B | $1.17B | $1.11B | $1.24B | $1.38B | $1.50B | $1.52B | $1.68B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $294.6M | $395.7M | $403.0M | $411.0M | $439.0M | $450.0M | $462.0M | $540.0M | $566.0M | $715.8M |
| Gastos Operativos | $511.0M | $681.0M | $695.0M | $696.0M | $767.0M | $733.0M | $826.0M | $915.0M | $961.0M | $1.01B |
| Beneficio Operativo | $246.0M | $356.0M | $452.0M | $471.0M | $343.0M | $503.0M | $553.0M | $584.0M | $555.0M | $669.4M |
| EBITDA | $307.0M | $445.0M | $561.0M | $516.0M | $340.0M | $513.0M | $626.0M | $662.0M | $622.0M | $746.4M |
| Gastos por Intereses | $67.0M | $134.0M | $238.0M | $330.0M | $208.0M | $98.0M | $165.0M | $656.0M | $971.7M | $929.8M |
| Beneficio Antes de Impuestos | $246.0M | $356.0M | $452.0M | $471.0M | $343.0M | $503.0M | $553.0M | $584.0M | $555.0M | $669.4M |
| Impuestos | $75.0M | $157.0M | $79.0M | $84.0M | $57.0M | $98.0M | $114.0M | $99.0M | $90.0M | $104.0M |
| Beneficio Neto | $171.0M | $199.0M | $373.0M | $387.0M | $286.0M | $405.0M | $439.0M | $485.0M | $465.0M | $565.4M |
| BPA | $0.79 | $0.63 | $1.13 | $1.17 | $0.86 | $1.24 | $1.23 | $1.32 | $1.27 | $1.57 |
| BPA Diluido | $0.78 | $0.63 | $1.12 | $1.16 | $0.85 | $1.23 | $1.22 | $1.31 | $1.27 | $1.56 |
| Acciones en Circulación (Diluidas) | $207.8M | $303.9M | $325.6M | $326.1M | $325.5M | $323.5M | $354.1M | $362.9M | $362.6M | $362.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $694.0M | $679.8M | $660.3M | $675.0M |
| Beneficio Bruto | $433.0M | $438.9M | $431.8M | $441.3M |
| Beneficio Operativo | $190.0M | $165.7M | $173.9M | $188.1M |
| EBITDA | $208.0M | $187.7M | $196.9M | $188.1M |
| Beneficio Neto | $150.0M | $168.7M | $137.0M | $148.7M |
| BPA | $0.42 | $0.47 | $0.38 | $0.42 |
| BPA Diluido | $0.41 | $0.47 | $0.38 | $0.42 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $371.4M | $479.4M | $488.0M | $599.0M | $1.38B | $3.49B | $1.67B | $1.58B | $2.42B | $2.50B |
| Inversiones a Corto | $2.23B | $2.76B | $3.34B | $3.29B | $3.46B | $3.43B | $3.27B | $3.25B | $2.98B | $3.73B |
| Cuentas por Cobrar | $196.6M | $267.0M | $373.0M | $432.0M | $468.0M | $480.3M | $505.5M | $578.0M | $742.0M | $34.34B |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $2.80B | $3.51B | $4.20B | $4.32B | $5.31B | $7.41B | $5.45B | $5.41B | $6.14B | $41.08B |
| Inmovilizado Material | $244.0M | $336.5M | $330.0M | $333.0M | $332.0M | $345.0M | $432.0M | $461.0M | $536.0M | $568.0M |
| Fondo de Comercio | $1.03B | $2.25B | $2.25B | $2.26B | $2.26B | $2.26B | $2.48B | $2.48B | $2.48B | $2.48B |
| Activos Intangibles | $53.8M | $92.1M | $79.0M | $67.0M | $54.0M | $42.0M | $89.0M | $69.0M | $51.0M | $36.0M |
| Activos Totales | $21.84B | $31.42B | $33.10B | $34.62B | $37.35B | $39.51B | $43.73B | $46.16B | $48.62B | $50.23B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $2.38B | $3.54B | $4.02B | $3.11B | $1.68B | $1.41B | $1.25B | $2.39B | $1.12B | $2.02B |
| Pasivos Corrientes | $18.44B | $25.94B | $27.47B | $27.89B | $30.80B | $33.13B | $36.02B | $37.10B | $38.23B | $40.78B |
| Deuda a Largo | $667.4M | $806.0M | $740.0M | $1.45B | $1.22B | $812.0M | $1.22B | $2.08B | $3.15B | $1.90B |
| Pasivos Totales | $19.27B | $27.01B | $28.49B | $29.73B | $32.40B | $34.36B | $38.07B | $40.11B | $42.32B | $43.47B |
| Reservas | $304.4M | $368.0M | $576.0M | $798.0M | $869.0M | $1.11B | $1.37B | $1.67B | $1.95B | $2.34B |
| Patrimonio Neto | $2.57B | $4.41B | $4.61B | $4.88B | $4.96B | $5.15B | $5.65B | $6.05B | $6.30B | $6.76B |
| Deuda Total | $3.04B | $4.35B | $4.76B | $4.56B | $2.90B | $2.22B | $2.46B | $4.48B | $4.27B | $3.92B |
| Deuda Neta | $439.1M | $1.10B | $927.0M | $668.0M | -$1.95B | -$4.70B | -$2.48B | -$353.0M | -$1.13B | -$2.31B |
| Capital Circulante | -$15.64B | -$22.43B | -$23.27B | -$23.57B | -$25.49B | -$25.72B | -$30.56B | -$31.70B | -$32.09B | $302.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.41B | $2.50B | $452.0M | $426.0M |
| Activos Totales | $49.89B | $50.23B | $50.63B | $51.00B |
| Pasivos Totales | $43.25B | $43.47B | $43.83B | $44.16B |
| Patrimonio Neto | $6.64B | $6.76B | $6.80B | $6.84B |
| Deuda Total | $4.00B | $3.92B | $4.16B | $4.97B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $171.0M | $199.0M | $373.0M | $387.0M | $286.0M | $405.0M | $439.0M | $485.0M | $465.0M | $565.0M |
| Amortizaciones | $61.0M | $89.0M | $109.0M | $45.0M | -$3.0M | $10.0M | $73.0M | $78.0M | $67.0M | $77.0M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$10.0M | -$27.0M | -$9.0M | -$14.0M | $5.0M | $14.0M | -$27.0M | -$3.0M | -$9.0M | -$20.0M |
| Flujo de Caja Operativo | $293.0M | $279.0M | $611.0M | $259.0M | $113.0M | $530.0M | $1.22B | $423.0M | $642.0M | $482.0M |
| Inversiones (CapEx) | -$60.0M | -$57.0M | -$35.0M | -$46.0M | -$41.0M | -$58.0M | -$95.0M | -$88.0M | -$139.0M | -$106.0M |
| Adquisiciones | $245.8M | $197.0M | $134.0M | 0 | 0 | 0 | $188.0M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$38.0M | -$43.0M | -$43.0M | -$36.0M | -$3.0M | -$50.0M |
| Dividendos Pagados | -$110.0M | -$151.0M | -$165.0M | -$165.0M | -$165.0M | -$164.0M | -$179.0M | -$182.0M | -$177.0M | -$174.0M |
| Flujo de Caja Libre | $233.0M | $222.0M | $576.0M | $213.0M | $72.0M | $472.0M | $1.12B | $335.0M | $503.0M | $376.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $167.0M | $128.0M | $151.0M | $258.0M |
| Inversiones (CapEx) | -$18.0M | -$29.0M | -$18.0M | -$17.0M |
| Flujo de Caja Libre | $149.0M | $99.0M | $133.0M | $241.0M |
| Dividendos Pagados | -$44.0M | -$43.0M | -$43.0M | -$47.0M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +40.0% | +17.4% | +6.6% | -6.5% | -7.4% | +20.4% | +38.5% | +15.3% | +4.9% |
| Crecimiento Beneficio Neto (anual) | | +16.4% | +87.4% | +3.8% | -26.1% | +41.6% | +8.4% | +10.5% | -4.1% | +21.6% |
| Crecimiento BPA (anual) | | -20.3% | +79.4% | +3.5% | -26.5% | +44.2% | -0.8% | +7.3% | -3.8% | +23.6% |
| Cambio en Acciones (anual) | | +46.2% | +7.2% | +0.1% | -0.2% | -0.6% | +9.5% | +2.5% | -0.1% | -0.2% |
| Crecimiento FCF (anual) | | -4.7% | +159.5% | -63.0% | -66.2% | +555.6% | +137.9% | -70.2% | +50.1% | -25.2% |
| Margen Bruto | 86.0% | 84.2% | 79.3% | 75.7% | 77.0% | 92.6% | 85.8% | 67.3% | 59.0% | 62.3% |
| Margen Operativo | 28.0% | 28.9% | 31.3% | 30.6% | 23.8% | 37.7% | 34.4% | 26.2% | 21.6% | 24.8% |
| Margen EBITDA | 34.9% | 36.1% | 38.8% | 33.5% | 23.6% | 38.4% | 38.9% | 29.7% | 24.2% | 27.7% |
| Margen Neto | 19.4% | 16.2% | 25.8% | 25.1% | 19.8% | 30.3% | 27.3% | 21.8% | 18.1% | 21.0% |
| Margen FCF | 26.5% | 18.0% | 39.8% | 13.8% | 5.0% | 35.4% | 69.8% | 15.0% | 19.6% | 14.0% |
| Tasa Impositiva Efectiva | 30.5% | 44.1% | 17.5% | 17.8% | 16.6% | 19.5% | 20.6% | 17.0% | 16.2% | 15.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.12 | $0.73 | $1.77 | $0.65 | $0.22 | $1.46 | $3.17 | $0.92 | $1.39 | $1.04 |
| Dividendo por Acción | $0.53 | $0.50 | $0.51 | $0.51 | $0.51 | $0.51 | $0.51 | $0.50 | $0.49 | $0.48 |
| Acciones en Circulación (Básicas) | $206.1M | $303.4M | $322.8M | $324.9M | $323.4M | $319.8M | $350.0M | $361.2M | $361.3M | $359.1M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Margen bruto | 64.41% |
| Margen operativo | 26.49% |
| Margen neto | 22.31% |
Salud financiera
| Deuda / Patrimonio | 0.73 |
| Ratio corriente | 0.16 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 20.29 | 21.94 | 8.71 | 10.85 | 11.05 | 9.78 | 10.61 | 10.43 | 11.64 | 10.89 |
| P/VC | 1.28 | 0.95 | 0.69 | 0.85 | 0.62 | 0.75 | 0.81 | 0.82 | 0.85 | 0.91 |
| P/V | 3.76 | 3.40 | 2.20 | 2.68 | 2.13 | 2.91 | 2.84 | 2.23 | 2.08 | 2.28 |
| Margen Bruto | 86.0% | 84.2% | 79.3% | 75.7% | 77.0% | 92.6% | 85.8% | 67.3% | 59.0% | 62.3% |
| Margen Operativo | 28.0% | 28.9% | 31.3% | 30.6% | 23.8% | 37.7% | 34.4% | 26.2% | 21.6% | 24.8% |
| Margen Neto | 19.4% | 16.2% | 25.8% | 25.1% | 19.8% | 30.3% | 27.3% | 21.8% | 18.1% | 21.0% |