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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.
F.N.B. Corporation (NYSE: FNB) reported a third quarter 2021 net income of $109.5 million, or $0.34 per diluted share, up from $80.8 million in Q3 2020. The total revenue reached a record $321 million, a 4.6% increase year-over-year. The operating net income was $110.2 million, a 29.0% rise. Key metrics included a return on tangible equity of 17% and an increase in tangible book value per share to $8.42. Notably, non-interest income saw an 11.0% increase due to growth in capital markets and wealth management.
F.N.B. Corporation (NYSE: FNB) has announced a quarterly cash dividend of $0.12 per share, payable on December 15, 2021. Shareholders must be on record by the close of business on December 3, 2021. Headquartered in Pittsburgh, FNB operates in seven states and the District of Columbia, boasting total assets exceeding $38 billion and nearly 340 banking offices. The bank provides comprehensive commercial and consumer banking solutions, as well as wealth management services.
F.N.B. Corporation (NYSE: FNB) is set to release its third-quarter 2021 financial results after market close on October 18, 2021. A conference call with CEO Vincent J. Delie, Jr. and CFO Vincent J. Calabrese, Jr. is scheduled for October 19, 2021, at 8:30 AM ET to discuss the results. Pre-registration is encouraged for immediate access. The corporation, based in Pittsburgh, operates across seven states and D.C., with total assets exceeding $38 billion and nearly 340 banking offices.
F.N.B. Corporation (NYSE: FNB) has made an initial payment of nearly $7.2 million to the Greater Hill District Reinvestment Fund, aimed at community development. This funding is part of an innovative financing solution tied to the FNB Financial Center project and is designed to have an immediate impact on the Hill District. The project is projected to catalyze significant economic expansion, creating over 1,000 jobs and involving substantial investments, exceeding $200 million in total. Completion of the FNB Financial Center is anticipated in 2023.
F.N.B. Corporation (NYSE: FNB) reported $99.4 million net income for Q2 2021, or $0.31 per diluted share, marking a 22% increase year-over-year. Total revenue rose to $308 million, driven by a 9% growth in loans (excluding PPP) and a 2.8% increase in non-interest income, notably in wealth management. Operating expenses decreased by 3%, alongside a net benefit of $1.1 million in provisions for credit losses. The CET1 ratio improved to 10%, with tangible book value at $8.20. The company's performance reflects robust economic recovery and strategic cost management.
F.N.B. Corporation (NYSE: FNB) announced a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE). This dividend is payable on August 15, 2021, to shareholders on record as of July 29, 2021. FNB operates in seven states and Washington, D.C., with total assets exceeding $38 billion, providing a range of financial services including commercial and consumer banking and wealth management through its extensive banking network.
F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $0.12 per share, payable on September 15, 2021, to shareholders of record as of September 3, 2021. Headquartered in Pittsburgh, FNB operates across seven states and has over $38 billion in total assets and nearly 340 banking offices. The company offers a comprehensive range of financial services including commercial banking, consumer banking, and wealth management solutions through its affiliate, First National Bank of Pennsylvania.
F.N.B. Corporation (FNB) announced its acquisition of Howard Bancorp, Inc. (HBMD) in an all-stock transaction valued at approximately $418 million or $21.96 per share. This merger aims to enhance FNB's presence in the Mid-Atlantic region, increasing total assets to $41 billion and total deposits to $32 billion. Shareholders of Howard will receive 1.8 shares of FNB stock for each share they hold. Expected to close in early 2022, the merger is anticipated to be 4% accretive to FNB's earnings per share.
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