F.N.B. Corporation Declares Cash Dividend on Non-Cumulative Perpetual Preferred Stock, Series E

Rhea-AI Summary

F.N.B. Corporation (NYSE: FNB) has announced a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE). The dividend is payable on November 15, 2022, to shareholders of record as of October 31, 2022. FNB Corporation operates in seven states and the District of Columbia, with total assets nearing $43 billion and approximately 340 banking offices. It offers a wide range of commercial and consumer banking services and is included in the S&P MidCap 400 Index.

Positive

• Quarterly cash dividend of $18.13 per share indicates strong shareholder value.
• Total assets of nearly $43 billion reflect a robust financial position.
• Wide range of banking services supports diverse income streams.

Negative

• None.

PITTSBURGH, Oct. 20, 2022 /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 November 15, 2022, to shareholders of record as of the close of business on October 31, 2022.

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.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of nearly $43 billion and approximately 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. 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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/fnb-corporation-declares-cash-dividend-on-non-cumulative-perpetual-preferred-stock-series-e-301655296.html

SOURCE F.N.B. Corporation

FAQ

What is the dividend amount declared by F.N.B. Corporation?

The dividend amount declared is $18.13 per share.

When is the dividend payment date for F.N.B. Corporation?

The dividend is payable on November 15, 2022.

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

The record date for the dividend payment is October 31, 2022.

What is the significance of the Non-Cumulative Perpetual Preferred Stock for investors?

It provides a stable income through dividends, enhancing shareholder returns.