F.N.B. Corporation Expands Capital Markets Capabilities with the Addition of Corporate Investment Banking and Advisory Services
F.N.B. (NYSE: FNB) announced a definitive agreement to acquire Raptor Partners , an independent investment banking firm. Raptor specializes in mergers and acquisitions, corporate finance, valuation advisory, and private capital raising. This acquisition aims to enhance FNB's capital markets capabilities and diversify its non-interest income. Over the past decade, FNB has seen a 137% increase in revenue due to its capital markets investments. Upon closing, Raptor's founder and president, Craig Wolfanger, will join FNB as Managing Director and Head of Investment Banking. The transaction is expected to close in Q2 2025, pending customary conditions.
F.N.B. (NYSE: FNB) ha annunciato un accordo definitivo per acquisire Raptor Partners , una società di investimento indipendente. Raptor si specializza in fusioni e acquisizioni, finanza aziendale, consulenza per la valutazione e raccolta di capitali privati. Questa acquisizione mira a migliorare le capacità di FNB nei mercati dei capitali e a diversificare il suo reddito non da interessi. Negli ultimi dieci anni, FNB ha registrato un aumento del 137% dei ricavi grazie ai suoi investimenti nei mercati dei capitali. Al termine della transazione, il fondatore e presidente di Raptor, Craig Wolfanger, entrerà in FNB come Direttore Generale e Responsabile della Banca d'Investimento. Si prevede che la transazione si concluda nel secondo trimestre del 2025, a condizione del rispetto delle consuete condizioni.
F.N.B. (NYSE: FNB) anunció un acuerdo definitivo para adquirir Raptor Partners , una firma de banca de inversión independiente. Raptor se especializa en fusiones y adquisiciones, finanzas corporativas, asesoramiento en valoración y recaudación de capital privado. Esta adquisición tiene como objetivo mejorar las capacidades de FNB en los mercados de capitales y diversificar sus ingresos no relacionados con intereses. En la última década, FNB ha visto un aumento del 137% en los ingresos debido a sus inversiones en mercados de capitales. Al cierre de la transacción, el fundador y presidente de Raptor, Craig Wolfanger, se unirá a FNB como Director General y Jefe de Banca de Inversión. Se espera que la transacción se cierre en el segundo trimestre de 2025, sujeto a las condiciones habituales.
F.N.B. (NYSE: FNB)는 독립 투자은행인 Raptor Partners 를 인수하기 위한 최종 계약을 발표했습니다. Raptor는 인수합병, 기업 금융, 가치 평가 자문 및 사모 자본 조달을 전문으로 합니다. 이번 인수는 FNB의 자본 시장 능력을 강화하고 비이자 수익을 다각화하는 것을 목표로 하고 있습니다. 지난 10년 동안 FNB는 자본 시장 투자 덕분에 137%의 수익 증가를 경험했습니다. 거래가 완료되면 Raptor의 창립자이자 회장인 Craig Wolfanger가 FNB에 합류하여 투자은행 부문 이사 및 책임자로 활동하게 됩니다. 거래는 일반적인 조건이 충족될 경우 2025년 2분기에 마무리될 것으로 예상됩니다.
F.N.B. (NYSE: FNB) a annoncé un accord définitif pour acquérir Raptor Partners , une société de banque d'investissement indépendante. Raptor se spécialise dans les fusions et acquisitions, la finance d'entreprise, le conseil en évaluation et la levée de capital privé. Cette acquisition vise à améliorer les capacités de FNB sur les marchés des capitaux et à diversifier ses revenus non liés aux intérêts. Au cours de la dernière décennie, FNB a enregistré une augmentation de 137 % de ses revenus grâce à ses investissements sur les marchés des capitaux. À la clôture de la transaction, le fondateur et président de Raptor, Craig Wolfanger, rejoindra FNB en tant que Directeur Général et Responsable de la Banque d'Investissement. La transaction devrait se clôturer au deuxième trimestre 2025, sous réserve des conditions habituelles.
F.N.B. (NYSE: FNB) hat eine endgültige Vereinbarung zur Übernahme von Raptor Partners , einer unabhängigen Investmentbank, bekannt gegeben. Raptor ist auf Fusionen und Übernahmen, Unternehmensfinanzierung, Bewertungsberatung und private Kapitalbeschaffung spezialisiert. Diese Übernahme zielt darauf ab, die Kapitalmarktfähigkeiten von FNB zu verbessern und dessen nichtzinsabhängige Einnahmen zu diversifizieren. In den letzten zehn Jahren hat FNB aufgrund seiner Investitionen in die Kapitalmärkte einen Umsatzanstieg von 137% verzeichnet. Nach Abschluss der Transaktion wird der Gründer und Präsident von Raptor, Craig Wolfanger, als Geschäftsführer und Leiter der Investmentbank zu FNB stoßen. Der Abschluss der Transaktion wird für das zweite Quartal 2025 erwartet, vorbehaltlich der üblichen Bedingungen.
- Acquisition of Raptor Partners enhances FNB's capital markets capabilities.
- FNB's capital markets investments have driven a 137% increase in revenue over the past decade.
- Raptor Partners has completed transactions worth nearly $40 billion, bringing substantial expertise to FNB.
- The transaction is subject to customary closing conditions, which may introduce uncertainties.
Insights
FNB 's definitive agreement to acquire Raptor Partners marks a strategic expansion of its capital markets capabilities by adding investment banking and advisory services. This acquisition directly supports FNB's strategy to grow and diversify non-interest income, a critical focus for regional banks looking to reduce dependence on interest rate-sensitive revenue streams.
The investment banking sector brings higher-margin fee income compared to traditional banking services, which is particularly valuable in today's banking environment. FNB has already demonstrated success in this area, with the company reporting a
Raptor Partners brings substantial credentials to the table, having completed hundreds of transactions with an aggregate value of nearly
The timing appears deliberate, with management citing "the changing economic outlook" as creating an opportune environment for investment banking services. By bringing Raptor's founder onboard as Managing Director and Head of Investment Banking, FNB ensures continuity of expertise and client relationships.
This acquisition represents a disciplined approach to expanding service offerings rather than a high-risk transformative deal, aligning well with FNB's market cap of approximately
Raptor, a
"FNB has continually invested in its Capital Markets capabilities, which positions us as a trusted advisor for our clients and has driven a
"We are excited to join with FNB to offer financial advisory services to new and existing clients," said Raptor Partners LLC Founder and President, Craig Wolfanger. "Raptor Partners has completed hundreds of transactions with an aggregate value of nearly
Upon closing of the acquisition, Wolfanger will join FNB as Managing Director and Head of Investment Banking. The transaction is expected to close in the second quarter of 2025, subject to the satisfaction of customary closing conditions.
Cautionary Statement Regarding Forward-Looking Information
Certain statements contained in this press release may not be based upon historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release contains "forward-looking statements" which may include, but are not limited to, statements regarding the outlook and expectations of FNB and with respect to its acquisition of Raptor, the strategic benefits and financial benefits of the acquisition, including the expected impact of the transaction on FNB's future financial performance.
Forward-looking statements are typically identified by words such as "believe," "plan," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "will," "should," "project," "goal" and other similar words and expressions. Forward-looking statements are subject to risks, uncertainties and assumptions which may change over time or as a result of unforeseen circumstances. Future events or circumstances may change our expectations or outlook and may affect the nature of the assumptions, risks and uncertainties to which forward-looking statements are subject. The forward-looking statements in this press release pertain only to the date of this press release, and FNB disclaims any obligation to update or revise any forward-looking statements, except as required by law. FNB cautions readers not to place undue reliance on such forward-looking statements in this press release, in that actual results or future events may differ, possibly materially, from those that are anticipated in these forward-looking statements because of a variety of factors, many beyond the control of FNB. These forward-looking statements include, without limitation, those relating to the benefits and synergies expected from the acquisition.
Forward-looking statements contained in this press release are subject to, among others, certain risks, uncertainties, factors and assumptions which may include, but are not limited to, the ability of FNB to obtain the anticipated benefits and synergies, prospects, fee income and operating results of the acquisition.
These forward-looking statements are also subject to the principal risks and uncertainties applicable to FNB's businesses and activities generally that are disclosed in FNB's 2024 Annual Report on Form 10-K and other documents FNB files with the SEC. FNB's SEC filings are accessible on the SEC website at www.sec.gov.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in
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
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.
About Raptor Partners LLC
Raptor Partners is a leading independent investment banking firm focused on delivering thoughtful, insightful and actionable financial advisory services to
Raptor Partners' professionals have nearly
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SOURCE F.N.B. Corporation
FAQ
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