F.N.B. Declares Cash Dividends on Non-Perpetual Preferred Stock, Series E and Cash Dividend of $0.12 on Common Stock

Rhea-AI Summary

On January 15, 2021, 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, payable on February 15, 2021. Additionally, a cash dividend of $0.12 per common share was announced, to be paid on March 15, 2021. Shareholders of record for both dividends must be on record by January 29 and March 5 respectively. F.N.B. Corporation, headquartered in Pittsburgh, operates in seven states and the District of Columbia, with total assets exceeding $37 billion.

Positive

• Quarterly cash dividend of $18.13 per share on Non-Cumulative Perpetual Preferred Stock, Series E.
• Common stock dividend of $0.12 per share reflects ongoing shareholder value.

Negative

• None.

PITTSBURGH, Jan. 15, 2021 /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 February 15, 2021, to shareholders of record as of the close of business on January 29, 2021.

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 March 15, 2021, to shareholders of record as of the close of business on March 5, 2021.

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 $37 billion and approximately 350 banking offices with operations throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia and the District of Columbia.

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 amount for FNB's preferred stock?

F.N.B. Corporation declared a dividend of $18.13 per share for its Non-Cumulative Perpetual Preferred Stock, Series E.

When will the dividend for FNB's common stock be paid?

The dividend for F.N.B. Corporation's common stock will be paid on March 15, 2021.

What is the record date for FNB's preferred stock dividend?

The record date for the preferred stock dividend is January 29, 2021.

How often does F.N.B. Corporation pay dividends?

F.N.B. Corporation pays dividends quarterly on both its preferred and common stock.