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.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), announced the opening of a new branch in Freshfields Village, Charleston, SC, marking its third location in the area. This expansion includes four ATMs at Charleston International Airport and is part of FNB's growth strategy to enhance customer service through technology and physical presence. By the end of 2021, FNB plans to operate five branches, reinforcing its commitment to the local community. The new branch features modern amenities like ATM with TellerChat and interactive kiosks.
First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), announced the promotion of Scott Mizerak to Senior Vice President and Director of Digital Channels and Payments. This move underscores FNB's commitment to enhancing its digital strategy. Mizerak will lead the management team focused on optimizing FNB's digital solutions. Under the guidance of Chief Digital Officer Samuel Kirsch, FNB aims to improve customer experience through a seamless multi-channel approach called Clicks-to-Bricks. FNB's total assets exceed $38 billion, serving several key metropolitan markets.
F.N.B. Corporation (NYSE: FNB) announced a $5 million investment to enhance economic development in Pittsburgh's Hill District. This includes launching the Hill District Gap Lending Program to provide loans up to $400,000 for local businesses, focusing on low- to moderate-income areas. Additionally, FNB will invest $2 million into the Urban Redevelopment Authority and its spinoff, Invest PGH, Inc., to support financing for minority contractors and small businesses. This initiative aims to improve community assets and promote wealth building.
F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E (FNB.PRE). This dividend, equivalent to $0.45325 per depositary share, will be paid on May 15, 2021, to shareholders recorded by the close of business on April 30, 2021. The company operates in seven states and the District of Columbia, boasting total assets exceeding $38 billion.
F.N.B. Corporation (NYSE: FNB) reported first quarter 2021 net income of $91.2 million ($0.28 per diluted share), a significant increase from $45.4 million ($0.14 per share) in Q1 2020. Earnings per share growth was driven by a robust performance in non-interest income, which reached $83 million, a 20.8% year-over-year increase. Total average loans rose by $1.9 billion, while deposits increased by $4.7 billion. The Common Equity Tier 1 ratio improved to 10.0%, and tangible book value per share hit $8.01. However, net interest income decreased by 4.2% due to lower interest rates.
F.N.B. Corporation (NYSE: FNB) announced that its subsidiary, First National Bank, was recognized by Forbes as one of the World's Best Banks in 2021, based on consumer feedback. Among 500 global banks, FNB was one of only 75 from the U.S., highlighting its commitment to customer experience and digital services during the pandemic. The recognition is supported by a survey of over 43,000 consumers across 28 countries. Additionally, FNB has earned accolades as America’s Best Banks and received several awards for its workplace environment and client experience.
F.N.B. Corporation (NYSE: FNB) declared a $0.12 quarterly cash dividend on common stock, payable on June 15, 2021, to shareholders of record as of June 1, 2021. The company, headquartered in Pittsburgh, Pennsylvania, has total assets exceeding $37 billion and operates nearly 340 banking offices across multiple states. FNB provides a comprehensive range of commercial and consumer banking services, along with wealth management solutions, reinforcing its position as a significant player in the financial services sector.
F.N.B. Corporation (NYSE: FNB) will release its first-quarter 2021 financial results on April 19, 2021, after market close. A conference call will follow on April 20, 2021, at 8:30 AM ET to discuss these results, led by key executives including Chairman and CEO Vincent J. Delie, Jr. Participants can pre-register for the call or access it via dialing options. The webcast and related materials will be available on the company's website. F.N.B. operates in multiple states with over $37 billion in total assets.
F.N.B. Corporation (NYSE: FNB) recently announced its achievement of 16 national and regional awards in 2020 for middle market and small business banking, becoming a top 10 national leader in U.S. Small Business Banking. Over the past decade, FNB has received more than 65 Greenwich Excellence and Best Brand Awards. The recognition highlights FNB's commitment to client experience, particularly during the COVID-19 crisis. FNB continues to thrive with its diversified financial services across seven states and D.C., boasting over $37 billion in assets and approximately 350 banking offices.
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