F.N.B (FNB) Could Be 39% Undervalued Following Its Crypto Investing Launch

F.N.B (FNB) has moved into cryptocurrency investing, giving its banking clients access to assets like Bitcoin, Ethereum, Ripple, Solana, and USDT through its existing share trading platform.

F.N.B shares have been steady overall in 2026, with the price at US$17.28 after a modest 1-day share price return of 1.23%. The 30-day share price return declined 5.68%, and the 1-year total shareholder return reached 11.52%, building on a very strong 3-year total shareholder return of 73.36% and 5-year total shareholder return of 71.21%. These figures frame this crypto move as part of a longer shift in how the bank is trying to grow fee income and keep clients engaged on its trading platform.

Scan how F.N.B's pivot into crypto compares with other listed plays in digital assets by reviewing the curated 20 cryptocurrency and blockchain stocks shaping this theme in the equity market.

F.N.B is leaning into higher fee potential with crypto at a time when its share price has cooled in recent months. The key question is whether that reset leaves the risk reward tilted toward buyers or toward caution in a valuation check next.

Price-to-Earnings of 10.1x for F.N.B: Is it justified?

F.N.B trades on a P/E of 10.1x, which screens as inexpensive relative to peers and the broader US Banks industry given the latest $17.28 share price.