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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 has promoted Brent J. Semachko to Director of Corporate Responsibility, a role focused on enhancing community development and corporate responsibility strategies. He will oversee initiatives including Community Reinvestment Act programs, ESG initiatives, and corporate giving campaigns. Semachko, who joined FNB in 2018, aims to strengthen the bank's community relationships through strategic investments and partnerships. This appointment reflects FNB's commitment to social and economic development, as emphasized by CEO Vincent J. Delie, Jr..
FNB has expanded its Affordable Mortgage offerings with two new refinance programs, Fannie Mae RefiNow™ and Freddie Mac Refi PossibleSM, targeting homeowners with incomes at or below the area median income. These programs facilitate refinancing at lower rates and include up to $500 in appraisal cost credits. Additionally, the Closing Cost Assistance Grant will increase to $5,000 starting April 2022, supporting low- to moderate-income borrowers. These initiatives aim to enhance economic equality and improve access to homeownership.
F.N.B. Corporation (NYSE: FNB) was honored with Greenwich Excellence and Best Brand Awards for 2021, receiving 17 awards for excellence in middle market and small business banking. Recognized as a top 10 bank, FNB's innovative Clicks-to-Bricks strategy has improved client service and technology integration. FNB is commended for its strong cash management services and client satisfaction in various categories, including likelihood to recommend. With over 80 awards in the last decade, FNB continues to reinforce its reputation as a leading commercial bank.
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First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has been recognized as a 2021 Best Places to Work in Western Pennsylvania in the extra-large category. This marks the tenth time FNB has received this honor since 2011, being the only bank in the ranking by the Pittsburgh Business Times. The award is based on employee satisfaction surveys conducted by Quantum, highlighting FNB's commitment to its workforce. The bank operates over 80 branches in the region and has received more than 35 awards for workplace excellence.
F.N.B. Corporation (NYSE: FNB) has successfully completed its merger with Howard Bancorp, Inc. on January 22, 2022. Following the merger, FNB's total assets stand at approximately $42 billion, with total loans at $27 billion and deposits at $33 billion. The integration will provide Howard customers enhanced digital banking services and an expanded suite of financial products. This acquisition solidifies FNB's position in the Mid-Atlantic market, increasing its retail deposit share in Baltimore. The branding transition is set to conclude on February 7, 2022.
F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $18.13 per share, equivalent to $0.45325 per depositary share of its Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE). The dividend is scheduled for payment on February 15, 2022, to shareholders on record as of January 31, 2022. FNB operates over 330 banking offices and has total assets of $40 billion, providing a comprehensive range of financial services across several states and major metropolitan areas including Pittsburgh, Baltimore, and Charlotte.
F.N.B. Corporation (NYSE: FNB) reported a strong fourth quarter of 2021, with net income available to common stockholders at $96.5 million or $0.30 per diluted share, up from $70.2 million in Q4 2020. Full-year net income reached $396.6 million, marking an increase of 42.6% compared to 2020. The company achieved record total revenue of $1.2 billion and a return on tangible common equity of 15%. Loan growth, excluding PPP loans, was 6% for the year, driven by increases in both commercial and consumer loans. The tangible book value per share rose 9% to $8.59.
F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $0.12 per share on its common stock, payable on March 15, 2022. Shareholders of record as of March 4, 2022 will receive the dividend. Headquartered in Pittsburgh, Pennsylvania, FNB is a diversified financial services company with over $39 billion in total assets and more than 330 banking offices across several states and the District of Columbia. FNB offers a wide range of commercial and consumer banking services, as well as wealth management solutions.
F.N.B. Corporation (NYSE: FNB) has launched Physicians First, a fully digital solution catering to the financial needs of healthcare professionals such as physicians, dentists, and veterinarians. This program offers a bundle of loan and deposit products tailored to the medical field, including a new Education Refinance Loan for medical school debt. FNB's initiative supports over 250,000 healthcare professionals in its operational states and aims to strengthen client relationships through enhanced digital banking capabilities.