F N B Corp Stock Price, News & Analysis

First National Bank, the largest subsidiary of F.N.B. (NYSE: FNB), has appointed Kelly Trombetta as Chief Operational Risk Officer. Trombetta, who brings over 25 years of financial services, risk and leadership experience, will oversee the company's operational risk management program and ensure regulatory compliance as FNB approaches $50 billion in assets. She reports to Chief Risk Officer Thomas Whitesel and holds degrees from Grove City College and Duquesne University.

F.N.B. (NYSE: FNB) reported third quarter 2024 earnings with a net income of $110.1 million, or $0.30 per diluted share, down from $143.3 million, or $0.40 per share, in Q3 2023. Operating earnings per share (non-GAAP) were $0.34, matching Q2 2024. Tangible book value per share grew 15% YoY to $10.33. Deposit growth was $1.8 billion (5%) linked-quarter, and the loan-to-deposit ratio improved by 500 basis points to 91.7%. Total loans and leases increased $1.6 billion YoY, but decreased $39.6 million linked-quarter due to a $431 million sale of auto loans. Net interest income rose 2.4% linked-quarter to $323.3 million. Non-interest income hit a record $89.7 million, up 10% YoY. Non-interest expense increased to $249.4 million, impacted by a $11.6 million loss on auto loan sale and a $3.7 million software impairment. The CET1 ratio was 10.4%, up from 10.2% in Q3 2023. Asset quality remained strong with a slight increase in non-performing loans to 0.39%.

F.N.B. (NYSE: FNB) has received four Top Workplaces National Culture Excellence awards and a regional Top Workplace award for Charlotte, NC. The awards, based on employee feedback, recognize FNB's outstanding workplace culture and employee support. The company earned honors in Professional Development, Employee Appreciation, Employee Well-Being, and Diversity, Equity & Inclusion (DE&I) Practices.

FNB's Chairman, President, and CEO, Vincent J. Delie, Jr., emphasized the company's commitment to fostering engagement, recognition, and collaboration. The Charlotte Top Workplaces award marks FNB's third consecutive year receiving this honor in the Mid-Size Companies category. FNB continues to expand in the region, with 13 branches around Charlotte and nearly 100 branches in North Carolina overall.

The company has also received other accolades this year, including Greenwich Excellence and Best Brands Awards, Top Workplace USA, and Top Workplace for Financial Services.

F.N.B. (NYSE: FNB) has announced a $100,000 donation to the American Red Cross for Hurricane Helene relief efforts in the southeastern United States. Vincent J. Delie, Jr., Chairman, President and CEO of F.N.B. and First National Bank, expressed commitment to supporting recovery efforts for affected team members, branches, customers, and communities.

The company is offering special accommodations for clients with existing loans in FEMA-declared disaster areas. Upon request, FNB may waive late fees, overdraft fees, and foreign ATM fees for customers experiencing hardship due to the storm. Clients are encouraged to contact their banker or local branch for more information.

This donation builds on FNB's previous support for natural disasters in North Carolina and South Carolina, where the Bank has a significant presence, as well as other national tragedies.

F.N.B. (NYSE: FNB) has announced its plans to release financial results for the third quarter of 2024 after market close on Thursday, October 17, 2024. The company will host a conference call to discuss these results on Friday, October 18, 2024, at 8:30 AM ET.

Key executives, including Chairman, President and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and CCO Gary L. Guerrieri, will lead the call. 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 will be available until midnight ET on Friday, October 25, 2024.

F.N.B. (NYSE: FNB) has received prestigious recognition from TIME magazine and Newsweek, highlighting its exceptional performance and workplace culture. FNB was named among TIME's World's Best Companies 2024, based on its impact on investors, employees, and sustainability. The company also appeared on Newsweek's inaugural list of America's Most Admired Workplaces 2025, being one of only eight banks recognized out of 400 companies.

These accolades underscore FNB's strong performance, rooted in its people-centric culture and employee dedication. The assessments involved extensive surveys and data analysis, considering factors such as employee satisfaction, revenue growth, and sustainability. FNB's Chairman, President, and CEO, Vincent J. Delie Jr., emphasized the importance of the company's culture and team in delivering results for shareholders, customers, and communities.

In 2024, FNB has also received other notable recognitions, including Greenwich Excellence and Best Brands Awards, Top Workplace USA, and the Best Digital Initiative award for its eStore® by Fintech Futures.

First National Bank, the largest subsidiary of F.N.B. (NYSE: FNB), has been named a Greater Pittsburgh Top Workplace for the 14th consecutive year. This recognition, based on employee feedback, affirms FNB's strong, employee-centric culture. The company is set to open its new headquarters, FNB Financial Center, in the fourth quarter of 2024, emphasizing employee wellness and innovation.

FNB has received over 60 national and regional workplace awards since 2011, including Top Workplace USA and Top Workplaces National Culture Excellence. The company is also one of only three banks recognized on all seven DiversityComm Best of the Best Top Employers lists in 2024, highlighting its commitment to inclusivity and diversity.

F.N.B. (NYSE: FNB) announced the retirement of Chief Audit Executive Christine Tvaroch after nearly 30 years of service. Ronda Edkins, who joined FNB in 2023 as Chief Operational Risk Officer, will succeed Tvaroch in this critical role. Tvaroch, who joined FNB in 1995, has been instrumental in the company's growth. Edkins brings over 25 years of financial services experience to her new position, where she will be responsible for providing independent assurance on governance, risk, and control processes to FNB's Audit Committee and Board of Directors.

The promotion of Edkins from within demonstrates FNB's focus on enterprise-wide risk management and preparedness for Heightened Standards as the company grows. This transition in leadership for a key executive position is expected to be seamless, reflecting FNB's strong internal talent pipeline.

F.N.B. (NYSE: FNB) has announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be payable on September 15, 2024, to shareholders of record as of the close of business on September 5, 2024. This declaration by the Board of Directors demonstrates F.N.B. 's commitment to providing regular returns to its shareholders. The consistent dividend payout reflects the company's financial stability and confidence in its future performance.