Welcome to our dedicated page for F.N.B. news (Ticker: FNB), a resource for investors and traders seeking the latest updates and insights on F.N.B. stock.
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a leading diversified financial services company operating across seven states and the District of Columbia. With a robust presence in key metropolitan areas such as Pittsburgh, Baltimore, Cleveland, and Charlotte, F.N.B. boasts total assets exceeding $45 billion and approximately 350 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C., and Virginia.
F.N.B. provides an extensive suite of financial services primarily through its largest affiliate, First National Bank of Pennsylvania, which was founded in 1864. The company operates through three main business segments: Community Banking, Wealth Management, and Insurance. The Community Banking segment generates the majority of FNB's revenue, offering a full range of commercial and consumer banking services including corporate banking, small business banking, investment real estate financing, business credit, capital markets, mortgage lending, and online banking solutions.
Notably, F.N.B. holds a top retail deposit market share in major areas like Pittsburgh, Baltimore, and Cleveland. The corporation's recent achievements include a significant increase in net income available to common stockholders, robust loan and deposit growth, and a reinforced capital position. F.N.B. has also been proactive in enhancing its digital capabilities, as exemplified by the launch of the FNB eStore® Common account application, which allows consumers to apply for both loan and deposit products simultaneously.
Financially, F.N.B. has reported impressive figures, such as net income available to common stockholders of $140.4 million in Q2 2023 and $143.3 million in Q3 2023. The company's net interest income and net interest margin (FTE) have shown positive trends, driven by higher yields on loans and investment securities. The corporation remains committed to maintaining a strong balance sheet, with key capital ratios and liquidity metrics reflecting its prudent risk management approach.
F.N.B. continues to invest in technology and data science to enhance customer experience and operational efficiency. The company's strategic initiatives, such as the expansion of its digital platform and ongoing investments in AI, are designed to drive market share growth and deliver long-term shareholder value.
FNB has expanded its Affordable Mortgage offerings with two new refinance programs, Fannie Mae RefiNow™ and Freddie Mac Refi PossibleSM, targeting homeowners with incomes at or below the area median income. These programs facilitate refinancing at lower rates and include up to $500 in appraisal cost credits. Additionally, the Closing Cost Assistance Grant will increase to $5,000 starting April 2022, supporting low- to moderate-income borrowers. These initiatives aim to enhance economic equality and improve access to homeownership.
F.N.B. Corporation (NYSE: FNB) was honored with Greenwich Excellence and Best Brand Awards for 2021, receiving 17 awards for excellence in middle market and small business banking. Recognized as a top 10 bank, FNB's innovative Clicks-to-Bricks strategy has improved client service and technology integration. FNB is commended for its strong cash management services and client satisfaction in various categories, including likelihood to recommend. With over 80 awards in the last decade, FNB continues to reinforce its reputation as a leading commercial bank.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has been recognized as a 2021 Best Places to Work in Western Pennsylvania in the extra-large category. This marks the tenth time FNB has received this honor since 2011, being the only bank in the ranking by the Pittsburgh Business Times. The award is based on employee satisfaction surveys conducted by Quantum, highlighting FNB's commitment to its workforce. The bank operates over 80 branches in the region and has received more than 35 awards for workplace excellence.
F.N.B. Corporation (NYSE: FNB) has successfully completed its merger with Howard Bancorp, Inc. on January 22, 2022. Following the merger, FNB's total assets stand at approximately $42 billion, with total loans at $27 billion and deposits at $33 billion. The integration will provide Howard customers enhanced digital banking services and an expanded suite of financial products. This acquisition solidifies FNB's position in the Mid-Atlantic market, increasing its retail deposit share in Baltimore. The branding transition is set to conclude on February 7, 2022.
F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $18.13 per share, equivalent to $0.45325 per depositary share of its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE). The dividend is scheduled for payment on February 15, 2022, to shareholders on record as of January 31, 2022. FNB operates over 330 banking offices and has total assets of $40 billion, providing a comprehensive range of financial services across several states and major metropolitan areas including Pittsburgh, Baltimore, and Charlotte.
F.N.B. Corporation (NYSE: FNB) reported a strong fourth quarter of 2021, with net income available to common stockholders at $96.5 million or $0.30 per diluted share, up from $70.2 million in Q4 2020. Full-year net income reached $396.6 million, marking an increase of 42.6% compared to 2020. The company achieved record total revenue of $1.2 billion and a return on tangible common equity of 15%. Loan growth, excluding PPP loans, was 6% for the year, driven by increases in both commercial and consumer loans. The tangible book value per share rose 9% to $8.59.
F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $0.12 per share on its common stock, payable on March 15, 2022. Shareholders of record as of March 4, 2022 will receive the dividend. Headquartered in Pittsburgh, Pennsylvania, FNB is a diversified financial services company with over $39 billion in total assets and more than 330 banking offices across several states and the District of Columbia. FNB offers a wide range of commercial and consumer banking services, as well as wealth management solutions.
F.N.B. Corporation (NYSE: FNB) has launched Physicians First, a fully digital solution catering to the financial needs of healthcare professionals such as physicians, dentists, and veterinarians. This program offers a bundle of loan and deposit products tailored to the medical field, including a new Education Refinance Loan for medical school debt. FNB's initiative supports over 250,000 healthcare professionals in its operational states and aims to strengthen client relationships through enhanced digital banking capabilities.
F.N.B. Corporation (NYSE: FNB) will release its fourth quarter 2021 financial results after market close on January 19, 2022. A conference call to discuss these results is scheduled for January 20, 2022, at 8:30 AM ET. Participants can pre-register to access the call at their convenience. The company, headquartered in Pittsburgh, operates across several states with assets exceeding $39 billion and over 330 banking offices. FNB provides a wide range of financial services, including commercial and consumer banking, investment real estate financing, and wealth management.
FAQ
What is the current stock price of F.N.B. (FNB)?
What is the market cap of F.N.B. (FNB)?
What services does F.N.B. Corporation provide?
Where is F.N.B. Corporation headquartered?
What are the main business segments of F.N.B. Corporation?
How many banking offices does F.N.B. Corporation operate?
What is the total asset value of F.N.B. Corporation?
What recent technological advancements has F.N.B. Corporation made?
How did F.N.B. Corporation perform financially in recent quarters?
What are F.N.B. Corporation's key markets?
What are some of the products offered by F.N.B. Corporation in the consumer banking segment?
How does F.N.B. Corporation ensure strong financial health?
