F.N.B. Corporation Declares Cash Dividend on Non-Cumulative Perpetual Preferred Stock, Series E

Rhea-AI Summary

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 (NYSE: FNB.PRE). This dividend is equivalent to $0.45325 per depositary share. The payment will be made on February 15, 2023, to shareholders recorded as of January 31, 2023. With total assets nearing $43 billion and approximately 340 banking offices, FNB operates in several states and D.C., offering comprehensive commercial and consumer banking solutions.

Positive

• Quarterly cash dividend of $18.13 per share declared, enhancing returns for shareholders.
• Total assets of nearly $43 billion, indicating solid financial health.
• Broad market presence across seven states and D.C., ensuring diversified revenue streams.

Negative

• None.

News Market Reaction – FNB

-0.31%

-0.31% Session move

In the trading session that priced this news, FNB declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, Jan. 19, 2023 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) today announced that its Board of Directors declared a quarterly cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40^th interest per share) on F.N.B. Corporation's Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB PRE). The dividend is payable on February 15, 2023, to shareholders of record as of the close of business on January 31, 2023.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of nearly $43 billion and approximately 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of

Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

 

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SOURCE F.N.B. Corporation

FAQ

What is the dividend amount declared by F.N.B. Corporation?

F.N.B. Corporation declared a quarterly cash dividend of $18.13 per share.

When is the dividend payment date for FNB.PRE?

The dividend for FNB.PRE is payable on February 15, 2023.

What is the record date for FNB's dividend?

The record date for FNB's dividend is January 31, 2023.

How does the dividend impact FNB stockholders?

The declared dividend enhances returns for shareholders, reflecting the company's commitment to providing value.