F N B Corp Stock Price, News & Analysis

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has unveiled new solutions aimed at supporting financially vulnerable communities. Key offerings include a closing cost assistance program providing up to $2,500 for low-income homebuyers, a fully digital mortgage experience, and a no-overdraft checking account called eStyle. These initiatives are part of FNB's commitment to enhance homeownership access and financial education, building on their $250 million pledge to promote economic investments in underserved communities throughout their operational footprint.

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), appointed Sam Colton as Senior Vice President and Director of Treasury Management. Colton, with over 20 years in the industry, will oversee Treasury Management and Merchant Services for commercial and government clients. His extensive background includes leadership roles at Citibank and PNC. FNB aims to enhance its Treasury Management services, which integrate with its Commercial Banking solutions. The bank operates across seven states and has total assets exceeding $38 billion.

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), announced the opening of a new branch in Freshfields Village, Charleston, SC, marking its third location in the area. This expansion includes four ATMs at Charleston International Airport and is part of FNB's growth strategy to enhance customer service through technology and physical presence. By the end of 2021, FNB plans to operate five branches, reinforcing its commitment to the local community. The new branch features modern amenities like ATM with TellerChat and interactive kiosks.

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), announced the promotion of Scott Mizerak to Senior Vice President and Director of Digital Channels and Payments. This move underscores FNB's commitment to enhancing its digital strategy. Mizerak will lead the management team focused on optimizing FNB's digital solutions. Under the guidance of Chief Digital Officer Samuel Kirsch, FNB aims to improve customer experience through a seamless multi-channel approach called Clicks-to-Bricks. FNB's total assets exceed $38 billion, serving several key metropolitan markets.

F.N.B. Corporation (NYSE: FNB) announced a $5 million investment to enhance economic development in Pittsburgh's Hill District. This includes launching the Hill District Gap Lending Program to provide loans up to $400,000 for local businesses, focusing on low- to moderate-income areas. Additionally, FNB will invest $2 million into the Urban Redevelopment Authority and its spinoff, Invest PGH, Inc., to support financing for minority contractors and small businesses. This initiative aims to improve community assets and promote wealth building.

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 (FNB.PRE). This dividend, equivalent to $0.45325 per depositary share, will be paid on May 15, 2021, to shareholders recorded by the close of business on April 30, 2021. The company operates in seven states and the District of Columbia, boasting total assets exceeding $38 billion.

F.N.B. Corporation (NYSE: FNB) reported first quarter 2021 net income of $91.2 million ($0.28 per diluted share), a significant increase from $45.4 million ($0.14 per share) in Q1 2020. Earnings per share growth was driven by a robust performance in non-interest income, which reached $83 million, a 20.8% year-over-year increase. Total average loans rose by $1.9 billion, while deposits increased by $4.7 billion. The Common Equity Tier 1 ratio improved to 10.0%, and tangible book value per share hit $8.01. However, net interest income decreased by 4.2% due to lower interest rates.

F.N.B. Corporation (NYSE: FNB) announced that its subsidiary, First National Bank, was recognized by Forbes as one of the World's Best Banks in 2021, based on consumer feedback. Among 500 global banks, FNB was one of only 75 from the U.S., highlighting its commitment to customer experience and digital services during the pandemic. The recognition is supported by a survey of over 43,000 consumers across 28 countries. Additionally, FNB has earned accolades as America’s Best Banks and received several awards for its workplace environment and client experience.