F.N.B. Corporation (FNB) vs United Bankshares, Inc. (UBSI)

F.N.B. Corporation and United Bankshares, Inc. are both Banks Regional companies. F.N.B. Corporation and United Bankshares, Inc. are of similar size ($6.3B and $6.2B). F.N.B. Corporation trades at the lower P/E: 10.5× against 12.7×. United Bankshares, Inc. grew revenue faster over the last twelve months: 7.97% against 3.67%. United Bankshares, Inc. has the higher net margin (28.0% vs 22.3%) and the higher return on invested capital (10.2% vs 6.93%). Both pay a dividend; United Bankshares, Inc. yields more (4.32% vs 3.78%). Across the 20 metrics below, F.N.B. Corporation leads on 10 and United Bankshares, Inc. on 10.

Valuation

Metric FNB UBSI Banks Regional median
P/E 10.51 12.73 12.15
P/S 2.32 3.51 2.37
P/B 0.92 1.17 1.21
Price to free cash flow 10.12 11.81 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.19 2.67 2.27
Earnings yield 9.52% 7.85% 8.11%
Free cash flow yield 9.88% 8.47% 8.98%

Profitability

Metric FNB UBSI Banks Regional median
Gross margin 67.48% 69.61% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.30% 27.97% 18.66%
Free cash flow margin 22.96% 29.05% 21.18%
Return on equity 9.04% 9.47% 10.64%
Return on assets 1.20% 1.55% 1.13%
Return on invested capital 6.93% 10.17% 8.33%

Growth

Metric FNB UBSI Banks Regional median
Revenue growth (TTM) 3.67% 7.97% 6.61%
EPS growth (last fiscal year) 22.83% 18.91% —
Revenue growth, 5-year CAGR 13.61% 9.57% 12.30%
Net income growth, 5-year CAGR 15.24% 9.96% 9.71%

Health

Metric FNB UBSI Banks Regional median
Debt to equity 0.29 0.10 0.22
Current ratio 0.92 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FNB UBSI Banks Regional median
Dividend yield 3.78% 4.32% 3.75%
Payout ratio 0.31 0.49 0.27

Size

Metric FNB UBSI Banks Regional median
Market cap 6.16b 6.34b 921.07m

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