F N B Corp Stock Price, News & Analysis

F.N.B. Corporation (NYSE: FNB) is set to release its third-quarter 2021 financial results after market close on October 18, 2021. A conference call with CEO Vincent J. Delie, Jr. and CFO Vincent J. Calabrese, Jr. is scheduled for October 19, 2021, at 8:30 AM ET to discuss the results. Pre-registration is encouraged for immediate access. The corporation, based in Pittsburgh, operates across seven states and D.C., with total assets exceeding $38 billion and nearly 340 banking offices.

F.N.B. Corporation (NYSE: FNB) has made an initial payment of nearly $7.2 million to the Greater Hill District Reinvestment Fund, aimed at community development. This funding is part of an innovative financing solution tied to the FNB Financial Center project and is designed to have an immediate impact on the Hill District. The project is projected to catalyze significant economic expansion, creating over 1,000 jobs and involving substantial investments, exceeding $200 million in total. Completion of the FNB Financial Center is anticipated in 2023.

F.N.B. Corporation (NYSE: FNB) reported $99.4 million net income for Q2 2021, or $0.31 per diluted share, marking a 22% increase year-over-year. Total revenue rose to $308 million, driven by a 9% growth in loans (excluding PPP) and a 2.8% increase in non-interest income, notably in wealth management. Operating expenses decreased by 3%, alongside a net benefit of $1.1 million in provisions for credit losses. The CET1 ratio improved to 10%, with tangible book value at $8.20. The company's performance reflects robust economic recovery and strategic cost management.

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 is payable on August 15, 2021, to shareholders on record as of July 29, 2021. FNB operates in seven states and Washington, D.C., with total assets exceeding $38 billion, providing a range of financial services including commercial and consumer banking and wealth management through its extensive banking network.

F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $0.12 per share, payable on September 15, 2021, to shareholders of record as of September 3, 2021. Headquartered in Pittsburgh, FNB operates across seven states and has over $38 billion in total assets and nearly 340 banking offices. The company offers a comprehensive range of financial services including commercial banking, consumer banking, and wealth management solutions through its affiliate, First National Bank of Pennsylvania.

F.N.B. Corporation (FNB) announced its acquisition of Howard Bancorp, Inc. (HBMD) in an all-stock transaction valued at approximately $418 million or $21.96 per share. This merger aims to enhance FNB's presence in the Mid-Atlantic region, increasing total assets to $41 billion and total deposits to $32 billion. Shareholders of Howard will receive 1.8 shares of FNB stock for each share they hold. Expected to close in early 2022, the merger is anticipated to be 4% accretive to FNB's earnings per share.

F.N.B. Corporation (NYSE: FNB) will release its second-quarter 2021 financial results on July 19 after market close. A conference call will follow on July 20 at 8:30 AM ET, featuring CEO Vincent J. Delie, CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Participants can pre-register for the call and access it via dial-in or webcast. F.N.B. Corporation operates in seven states and the District of Columbia, with total assets over $38 billion and nearly 340 banking offices.