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. (NYSE: FNB) has announced its schedule for releasing second quarter 2023 financial results. The company plans to issue these results after the market close on Wednesday, July 19, 2023. Following this, a conference call will be hosted on Thursday, July 20, 2023, at 8:30 AM ET to discuss the results.
Key executives participating in the call include Chairman, President and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Participants can pre-register for the call or join via dial-in. The call and related materials will also be accessible via webcast on the company's website. A replay of the call will be available until midnight ET on Thursday, July 27, 2023.
F.N.B. Corporation (NYSE: FNB) reported a strong performance in Q1 2023, with net income of $144.5 million ($0.40 per diluted share), a significant increase from $51.0 million ($0.15 per share) in Q1 2022. This growth was attributed to an increase in net interest income, which rose by 43.8% to $336.7 million, driven by higher average loans and a favorable interest rate environment. The return on average tangible common equity reached 20%, and the efficiency ratio improved to 50.6%. Total deposits grew by 3.7%, supported by a robust customer base and the recent Union acquisition. The bank's capital position remains strong, with a CET1 ratio of 10%. Despite seasonal declines in some deposit categories, overall performance shows resilience amid industry challenges.
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, equivalent to $0.45325 per depositary share, is set for payment on May 15, 2023, to shareholders of record as of April 28, 2023.
F.N.B. Corporation, headquartered in Pittsburgh, operates a diversified financial services network across seven states and the District of Columbia. With total assets nearing $44 billion and approximately 350 banking offices, it provides a comprehensive range of banking solutions.
F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $0.12 per share on its common stock. This dividend is scheduled for payment on June 15, 2023, to shareholders of record as of June 2, 2023. Operating primarily in seven states and the District of Columbia, FNB has nearly $44 billion in total assets and approximately 350 banking offices. The company provides a comprehensive range of financial services, including commercial banking, consumer banking, and wealth management solutions. FNB's common stock is traded on the New York Stock Exchange and is part of the Standard & Poor's MidCap 400 Index.
F.N.B. Corporation (NYSE: FNB) has been recognized by Forbes as one of the World's Best Banks for the third consecutive year. This ranking includes only 75 banks in the U.S. and 415 globally, reflecting the company's commitment to customer satisfaction as derived from consumer feedback. Vincent J. Delie Jr., CEO, emphasized the importance of leveraging technology and customer engagement in enhancing banking relationships. The rating was compiled from surveys of over 48,000 customers across 32 countries, highlighting key areas such as trust and digital services. Additionally, FNB has received numerous accolades in 2023, including America's Best Bank and recognition as a Top Workplace USA by Energage.
F.N.B. Corporation (NYSE: FNB) will announce its first-quarter 2023 financial results after market close on April 19, 2023. Key executives, including CEO Vincent J. Delie, Jr., will host a conference call to discuss these results on April 20, 2023, at 8:30 AM ET. Participants are encouraged to pre-register for the call to facilitate access. FNB, headquartered in Pittsburgh, Pennsylvania, operates across seven states with total assets nearing $44 billion. The company’s financial services span commercial banking, consumer banking, 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?
