F.N.B. Corporation Declares Cash Dividend on Non-Cumulative Perpetual Preferred Stock, Series E, and Dividend of 12 Cents on Common Stock

Rhea-AI Summary

F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE), payable on August 15, 2020. Additionally, a cash dividend of $0.12 per common share is set for payment on September 15, 2020. Shareholders must be on record by July 31, 2020, for the preferred stock and September 4, 2020, for the common stock. F.N.B. operates over 350 banking offices across multiple states, with total assets exceeding $35 billion.

Positive

• Quarterly cash dividend of $18.13 on preferred stock, enhancing income for preferred shareholders.
• Quarterly cash dividend of $0.12 on common stock, reflecting company confidence and cash flow sustainability.

Negative

• None.

PITTSBURGH, July 13, 2020 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) today announced that its Board of Directors declared a quarterly cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40^th interest per share) on F.N.B. Corporation's Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB PRE). The dividend is payable on August 15, 2020, to shareholders of record as of the close of business on July 31, 2020.

The Board of Directors also declared a quarterly cash dividend of $0.12 per share on F.N.B. Corporation's common stock. The dividend is payable on September 15, 2020, to shareholders of record as of the close of business on September 4, 2020.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of more than $35 billion and approximately 350 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

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SOURCE F.N.B. Corporation

FAQ

What is the dividend payment amount for F.N.B. Corporation's preferred stock?

The dividend payment amount is $18.13 per share for the Non-Cumulative Perpetual Preferred Stock, Series E.

When is the common stock dividend for F.N.B. Corporation payable?

The common stock dividend is payable on September 15, 2020.

What is the record date for the preferred stock dividend of F.N.B. Corporation?

The record date for the preferred stock dividend is July 31, 2020.

What are the total assets of F.N.B. Corporation?

F.N.B. Corporation has total assets exceeding $35 billion.

How many banking offices does F.N.B. Corporation operate?

F.N.B. Corporation operates approximately 350 banking offices.