F.N.B. Corp - FNB STOCK NEWS

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.

On February 2, 2021, First National Bank announced the opening of a new retail location in Tysons, Virginia, as part of its strategic expansion in the Washington, D.C. metropolitan area. This branch enhances FNB's commercial banking presence, complementing existing locations in D.C. and northern Virginia. The Tysons Office features modern banking solutions, including TellerChat technology for extended hours. FNB operates nearly 30 branches in the Mid-Atlantic region, offering a range of banking services and access to nearly 800 ATMs.

F.N.B. Corporation (NYSE: FNB) reported its 4Q 2020 earnings with net income at $70.2 million ($0.22 per diluted share), down from $93.2 million ($0.29) in 4Q 2019. Full year 2020 net income was $278 million ($0.85), a decline from $379.2 million ($1.16) in 2019. Operating earnings per share were $0.28 for 4Q 2020. Total revenue reached a record $1.2 billion, with strong deposit growth of $4.1 billion (16.6%). Non-interest income grew by 24% to $162 million, bolstered by capital markets and mortgage banking. The efficiency ratio stood at 56%, and tangible book value increased 5% to $7.88.

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.

First National Bank (FNB), part of F.N.B. Corporation (NYSE: FNB), has partnered with Payment Alliance International (PAI) and Royal Farms to install over 190 FNB-branded ATMs in 93 convenience stores across Maryland and the Baltimore/Washington, D.C. metropolitan areas. This initiative expands FNB's ATM network by more than 30%, enhancing access to banking services. The ATMs will offer various functions, including cash deposits, and are expected to be operational by February 2021. This venture follows FNB's recent expansion in Ohio, bringing its total ATM count to nearly 800.

F.N.B. Corporation (NYSE: FNB) has partnered with the Pittsburgh Penguins to launch co-branded banking products and services starting January 11, 2021. This partnership includes the creation of the Penguins Power Play Package, featuring a Penguins-branded debit card, exclusive rewards, and discounts at team stores. FNB will also operate ATMs at the PPG Paints Arena and donate $200 to the Greater Pittsburgh Community Food Bank for every goal scored by the Penguins during the season. This strategic alliance aims to leverage digital engagement and expand FNB's customer base.

F.N.B. Corporation (NYSE: FNB) will release its fourth quarter 2020 financial results on January 19, 2021, at 6:00 PM ET. A conference call will follow on January 20, 2021, at 8:15 AM ET, featuring CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Investors can pre-register for the call to access it directly. The call will be accessible via dial-in and webcast. More information and presentation materials will be available on their website.

F.N.B. Corporation (NYSE: FNB) announced significant advancements in its strategic initiatives focused on enhancing shareholder value. Key highlights include plans to consolidate 21 retail locations as part of a $20 million cost-saving effort, improving capital levels by selling $487 million in auto loans, and strengthening liquidity with non-interest-bearing deposits exceeding $9 billion. Additionally, loans on deferral have decreased to $450 million, down from 10.3%. These moves aim to optimize profitability and operational efficiency as FNB navigates the ongoing challenges of the COVID-19 pandemic.