F.N.B. Corp reports developments for a bank holding company whose subsidiary network is led by First National Bank of Pennsylvania. News about FNB commonly covers commercial banking, consumer deposits and lending, wealth management, capital markets, treasury management and digital banking through eStore® and the Common app.
Recurring updates include quarterly earnings, net interest income trends, loan and deposit activity, dividend and share repurchase actions, leadership appointments, public finance capabilities, institutional banking relationships and product expansion across the company's multi-state footprint.
F.N.B. Corporation (NYSE: FNB) has announced plans to open a new branch in Baltimore, Maryland, located at 2700 Remington Avenue by the end of 2022. This branch aims to enhance access to banking services and financial education for the local community. It features innovative technology like an eStore® kiosk and Interactive Teller Machines for customer convenience. FNB has been expanding in the Mid-Atlantic region through new branches, ATMs, and strategic acquisitions, including the recent merger with Howard Bancorp, Inc. The company has over 30 branches and nearly 300 ATMs in the region.
F.N.B. Corporation (NYSE: FNB) reported strong second-quarter 2022 earnings, with net income available to common stockholders reaching $107.1 million, or $0.30 per diluted share. This marks a 19% increase from the previous quarter. The company achieved record revenue of $336 million and an efficiency ratio of 55.2%. Total loans and leases, excluding Paycheck Protection Program loans, increased by 11.2% year-over-year. Notably, net interest income rose to $253.7 million, reflecting an 11.3% increase. Despite challenges from higher interest rates, FNB remains well-capitalized with a Common Equity Tier 1 ratio of 9.7%.
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 (FNB.PRE). The dividend is set for August 15, 2022, for shareholders of record by the close of business on July 29, 2022. FNB operates in seven states and the District of Columbia, with total assets of $42 billion and over 340 banking offices. The company provides a range of financial services through its largest subsidiary, First National Bank of Pennsylvania.
F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $0.12 per share on common stock, payable on September 15, 2022. Shareholders of record as of September 2, 2022 will receive this dividend. FNB operates as a diversified financial services company with total assets of $42 billion and over 340 banking offices across several states and Washington, D.C. The company provides comprehensive commercial and consumer banking solutions, along with wealth management services.
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F.N.B. Corporation (NYSE: FNB) has announced that it will release its second quarter 2022 financial results after the market closes on July 20, 2022. A conference call to discuss these results is scheduled for July 21, 2022, at 8:30 AM ET. Key executives, including Chairman Vincent J. Delie, Jr., will host the call. Participants can pre-register for access, and details for dial-in and webcast access are provided. F.N.B. operates in seven states and the District of Columbia with assets totaling $42 billion.
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First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has partnered with Slippery Rock University (SRU) to enhance banking services for students and employees. This agreement introduces a dedicated on-campus digital center, featuring ATMs and interactive teller machines, providing convenient access to financial education and banking products. The initiative includes the launch of FNB-U Student Checking, tailored for students, alongside discounted services for faculty. With a strong commitment to financial independence, this partnership reinforces FNB's presence within the university community.
F.N.B. Corporation (FNB) announced a definitive merger agreement to acquire UB Bancorp (UBNC) in an all-stock transaction valued at $19.56 per share, amounting to approximately $117 million. The merger will enhance FNB's market position in North Carolina, increasing its proforma total assets to $43 billion and deposits to $35 billion. Union Bank, the wholly-owned subsidiary of UBNC, boasts $1.2 billion in assets and a strong deposit base. The merger is expected to be 2% accretive to FNB's earnings per share and is anticipated to close in late 2022, pending regulatory and shareholder approvals.
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