F.N.B. Corporation's Continued Strong Financial Performance Leads to an 8% Increase to the Quarterly Common Stock Cash Dividend and the Authorization of a New $250 Million Share Repurchase Program

Rhea-AI Summary

F.N.B. Corporation (NYSE: FNB) raised its quarterly common stock cash dividend by 8% to $0.13 per share and authorized a new $250 million share repurchase program on April 14, 2026. The dividend is payable June 15, 2026, to shareholders of record June 1, 2026.

The repurchase adds to a remaining $50 million from the April 2022 program and will be funded from available working capital; repurchases may occur on the open market or via privately negotiated transactions.

Positive

• Dividend raised 8% to $0.13 per share
• Authorized a $250 million new share repurchase program
• $2.3 billion capital returned to shareholders since 2009
• Remaining $50 million from prior repurchase program

Negative

• Repurchases funded from available working capital, potentially limiting liquidity
• No guaranteed repurchase amount; program may be discontinued at any time

Argus Apr 15 session

+0.90% close to close Open Argus

Details

News Market Reaction – FNB

On Apr 15, the first trading day after this news, FNB closed 0.90% above the previous close.

Data tracked by StockTitan Argus for the Apr 15 session.

Market Context

This announcement highlights FNB’s continued emphasis on shareholder returns, with a quarterly divid...

Analysis

This announcement highlights FNB’s continued emphasis on shareholder returns, with a quarterly dividend raised to $0.13 per share and a new $250 million buyback layered on top of an existing authorization. Management points to $2.3 billion returned since 2009, balance sheet growth of 477%, and a dividend payout ratio reduced to 31%. In context of upcoming earnings and recent growth initiatives, investors may watch how capital deployment interacts with profitability and asset quality metrics over time.

Key Figures

Quarterly dividend: $0.13 per share Dividend increase: $0.01 per share New repurchase authorization: $250 million +5 more

Quarterly dividend

$0.13 per share

Declared quarterly common stock cash dividend

Dividend increase

$0.01 per share

Increase versus prior quarterly dividend

New repurchase authorization

$250 million

New common stock share repurchase program

Remaining prior authorization

$50 million

Undrawn amount from April 2022 repurchase program

Capital returned

$2.3 billion

Capital returned to shareholders since 2009 via dividends and buybacks

Balance sheet growth

477%

Balance sheet growth over leadership’s tenure

TSR outperformance

200%+

Total shareholder return vs KBW Regional Banking Index

Dividend payout ratio

31%

Down from nearly 80%, cited as being in line with peers

Historical Context

5 past events · Latest: Apr 09

5 events

1. Apr 09

   Workplace recognition

   24h Move

   +1.7%

   National Top Workplace awards and multiple culture excellence recognitions.

2. Apr 01

   Earnings scheduling

   24h Move

   +1.1%

   Announcement of Q1 2026 earnings release and conference call timing.

3. Mar 26

   Business expansion

   24h Move

   +0.3%

   Launch of municipal bond underwriting and tax‑exempt financing services.

4. Mar 20

   New partnership

   24h Move

   +0.0%

   Selection as Penn State’s official provider of retail banking services.

5. Mar 10

   Digital platform upgrade

   24h Move

   -0.6%

   Addition of business loan products to the eStore® Common application.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, dividend payout ratio, total shareholder return, efficiency ratio, +1 more

5 terms

share repurchase program financial

"the Company authorized a new $250 million share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

dividend payout ratio financial

"effectively managed the dividend payout ratio from nearly 80% down to 31%"

The dividend payout ratio is the share of a company’s net profit that is returned to shareholders as cash dividends rather than kept for reinvestment. Investors use it to judge whether dividend payments are likely sustainable and how the company balances rewarding owners with funding growth; a high ratio is like handing most of your paycheck to friends now, while a low ratio is like saving more for future expenses and opportunities.

total shareholder return financial

"achieved a total shareholder return that outperformed the KBW Regional Banking Index"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

efficiency ratio financial

"maintained an industry-leading efficiency ratio in the low-to-mid 50% range"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

working capital financial

"The purchases will be funded from available working capital."

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

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PITTSBURGH, April 14, 2026 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced today two strategic actions to deploy capital, resulting from sustained exceptional financial performance to continue to benefit FNB shareholders. In addition to declaring a quarterly cash dividend of $0.13 per share on common stock, representing a one cent per share increase from the prior quarterly cash dividend, the Company authorized a new $250 million share repurchase program. Both actions were unanimously approved by the Board of Directors based on FNB executive management's disciplined development and execution of its long-term strategic plans.

"Since assuming the role of President of First National Bank of Pennsylvania in 2009, my goal has been to advance the Company's long-term commitment to optimize our capital and shareholder value while also reinvesting in the Company for continued future success. During this timeframe, FNB returned $2.3 billion of capital to shareholders through both dividends and share repurchases, grew the balance sheet 477%, achieved a total shareholder return that outperformed the KBW Regional Banking Index by more than 200%, reached record capital levels and effectively managed the dividend payout ratio from nearly 80% down to 31%, in line with peer levels," said F.N.B. Corporation Chairman, President and Chief Executive Officer, Vincent J. Delie, Jr.

Delie continued, "We have succeeded at creating a premier regional institution that is recognized for its strong performance, signature innovation and disciplined senior management team. Long-term investments in our award-winning digital and data analytics capabilities, including the eStore®, as well as in our Advisory and Capital Markets businesses and enterprise risk management framework have propelled our organic growth and ensured we were able to add scale effectively. During nearly two decades which included the challenges posed by the global recession and pandemic, we have maintained an industry-leading efficiency ratio in the low-to-mid 50% range while consistently producing returns well above our cost of capital, evidencing the strength of our business model, strategy and leadership."

FNB's quarterly stock dividend is payable on June 15, 2026, to shareholders of record as of the close of business on June 1, 2026. The new share repurchase program authorizes the Company to repurchase up to $250 million of its outstanding shares of common stock, adding to the remaining $50 million from the prior share repurchase program authorized in April 2022, which reflects first quarter 2026 repurchase activity. The repurchases will be made from time to time on the open market at prevailing market prices or in privately negotiated transactions. The purchases will be funded from available working capital. There is no guarantee as to the exact number of shares that will be repurchased, and FNB may discontinue repurchases at any time.

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.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of more than $50 billion and over 350 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did F.N.B. Corporation (FNB) declare on April 14, 2026?

F.N.B. declared a quarterly cash dividend of $0.13 per share, an 8% increase. According to the company, the dividend is payable on June 15, 2026 to shareholders of record as of June 1, 2026.

How large is the new FNB share repurchase program announced April 14, 2026?

F.N.B. authorized a $250 million share repurchase program to buy outstanding common stock. According to the company, repurchases will use available working capital and may occur on the open market or privately.

How does the new $250 million program relate to FNB's prior repurchases?

The new authorization adds to a remaining $50 million from the April 2022 program. According to the company, the combined authorizations reflect ongoing capital returns to shareholders since 2009.

When will FNB's April 14, 2026 dividend be paid and who is eligible?

The dividend is payable on June 15, 2026 to holders of record at the close of business on June 1, 2026. According to the company, shareholders recorded by that date will receive the cash payment.

How will FNB fund the April 14, 2026 share repurchase program?

Repurchases will be funded from available working capital, per the company. According to the company, there is no guarantee of the exact number of shares to be repurchased and activity may vary over time.

What historical capital returns did FNB cite when announcing the April 14, 2026 actions?

F.N.B. noted it returned $2.3 billion to shareholders via dividends and repurchases since 2009. According to the company, this history underpinned the Board's approval of the dividend increase and new repurchase program.