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.
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.
F.N.B. Corporation (NYSE: FNB) will release its second-quarter 2021 financial results on July 19 after market close. A conference call will follow on July 20 at 8:30 AM ET, featuring CEO Vincent J. Delie, CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Participants can pre-register for the call and access it via dial-in or webcast. F.N.B. Corporation operates in seven states and the District of Columbia, with total assets over $38 billion and nearly 340 banking offices.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has appointed Anthony M. Marfisi as the new Regional Market Executive and President for the Central Mountain Region. Marfisi, who has nearly 40 years in financial services, previously served as Regional Manager of Commercial Banking in Pittsburgh. He will oversee key markets in Central Pennsylvania, enhancing the bank's cross-functional business model for improved client solutions. FNB operates over 40 branches in this region and aims to deepen community involvement under Marfisi's leadership.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has unveiled new solutions aimed at supporting financially vulnerable communities. Key offerings include a closing cost assistance program providing up to $2,500 for low-income homebuyers, a fully digital mortgage experience, and a no-overdraft checking account called eStyle. These initiatives are part of FNB's commitment to enhance homeownership access and financial education, building on their $250 million pledge to promote economic investments in underserved communities throughout their operational footprint.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), appointed Sam Colton as Senior Vice President and Director of Treasury Management. Colton, with over 20 years in the industry, will oversee Treasury Management and Merchant Services for commercial and government clients. His extensive background includes leadership roles at Citibank and PNC. FNB aims to enhance its Treasury Management services, which integrate with its Commercial Banking solutions. The bank operates across seven states and has total assets exceeding $38 billion.
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