F.N.B. Corporation Declares Preferred and Common Dividends

Rhea-AI Summary

F.N.B. Corporation declares quarterly dividends for Q3 2023

Positive

• FNB declares cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E
• Dividend payable on August 15, 2023
• FNB declares cash dividend of $0.12 per share on its common stock
• Dividend payable on September 15, 2023

Negative

• None.

PITTSBURGH, July 18, 2023 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced its Board of Directors declared quarterly preferred and common dividends for the third quarter of 2023.

On its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB PRE), FNB declared a cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40^th interest per share). The dividend is payable on August 15, 2023, to shareholders of record as of the close of business on July 28, 2023.

On its common stock, FNB declared a cash dividend of $0.12 per share. The dividend is payable on September 15, 2023, to shareholders of record as of the close of business on September 5, 2023.

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 more than $44 billion and approximately 350 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.

 

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SOURCE F.N.B. Corporation

FAQ

What dividends did F.N.B. Corporation declare for Q3 2023?

F.N.B. Corporation declared a cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E and a cash dividend of $0.12 per share on its common stock for the third quarter of 2023.

When are the dividends payable?

The cash dividend on the Non-Cumulative Perpetual Preferred Stock, Series E is payable on August 15, 2023, and the cash dividend on the common stock is payable on September 15, 2023.

Who is eligible to receive the dividends?

Shareholders of record as of the close of business on July 28, 2023, are eligible to receive the cash dividend on the Non-Cumulative Perpetual Preferred Stock, Series E. Shareholders of record as of the close of business on September 5, 2023, are eligible to receive the cash dividend on the common stock.