F N B Corp Stock Price, News & Analysis

On January 15, 2021, F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E, payable on February 15, 2021. Additionally, a cash dividend of $0.12 per common share was announced, to be paid on March 15, 2021. Shareholders of record for both dividends must be on record by January 29 and March 5 respectively. F.N.B. Corporation, headquartered in Pittsburgh, operates in seven states and the District of Columbia, with total assets exceeding $37 billion.

First National Bank (FNB), part of F.N.B. Corporation (NYSE: FNB), has partnered with Payment Alliance International (PAI) and Royal Farms to install over 190 FNB-branded ATMs in 93 convenience stores across Maryland and the Baltimore/Washington, D.C. metropolitan areas. This initiative expands FNB's ATM network by more than 30%, enhancing access to banking services. The ATMs will offer various functions, including cash deposits, and are expected to be operational by February 2021. This venture follows FNB's recent expansion in Ohio, bringing its total ATM count to nearly 800.

F.N.B. Corporation (NYSE: FNB) has partnered with the Pittsburgh Penguins to launch co-branded banking products and services starting January 11, 2021. This partnership includes the creation of the Penguins Power Play Package, featuring a Penguins-branded debit card, exclusive rewards, and discounts at team stores. FNB will also operate ATMs at the PPG Paints Arena and donate $200 to the Greater Pittsburgh Community Food Bank for every goal scored by the Penguins during the season. This strategic alliance aims to leverage digital engagement and expand FNB's customer base.

F.N.B. Corporation (NYSE: FNB) will release its fourth quarter 2020 financial results on January 19, 2021, at 6:00 PM ET. A conference call will follow on January 20, 2021, at 8:15 AM ET, featuring CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Investors can pre-register for the call to access it directly. The call will be accessible via dial-in and webcast. More information and presentation materials will be available on their website.

F.N.B. Corporation (NYSE: FNB) announced significant advancements in its strategic initiatives focused on enhancing shareholder value. Key highlights include plans to consolidate 21 retail locations as part of a $20 million cost-saving effort, improving capital levels by selling $487 million in auto loans, and strengthening liquidity with non-interest-bearing deposits exceeding $9 billion. Additionally, loans on deferral have decreased to $450 million, down from 10.3%. These moves aim to optimize profitability and operational efficiency as FNB navigates the ongoing challenges of the COVID-19 pandemic.

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has expanded its operations in Asheville, North Carolina, by opening a new retail office at Biltmore Park Town Square. This strategic move is bolstered by key hires, including Brandon Wallace and Robby Russell, both seasoned bankers with strong local ties. FNB aims to enhance local decision-making and customer service through its physical presence and personalized banking solutions. The new office will operate Monday to Friday, offering a comprehensive range of financial services to the community.

F.N.B. Corporation (NYSE: FNB) announced the retirement of Chief Wholesale Banking Officer Robert Moorehead, effective January 2021. Moorehead, with over 45 years of experience, joined FNB in 2011 and significantly contributed to its growth and commercial banking operations. His retirement opens opportunities for internal promotions, including Bryant Mitchell as the new Chief Wholesale Banking Officer. Other promotions include Ahmed El Nokali and Brad Jones. FNB has received over 50 awards for excellence in commercial banking during Moorehead's tenure.

F.N.B. Corporation (NYSE: FNB) announced its third-quarter 2020 earnings, reporting a net income of $80.8 million ($0.25 per diluted share), compared to $100.7 million in Q3 2019. Operating earnings per diluted share stood at $0.26. Total average loans grew 14.7%, driven by $2.5 billion in PPP loans. Average deposits increased 17.8%, reflecting customer inflows from government stimulus. Net interest income declined 1.2%, while mortgage banking income surged 93.1%. The company maintained a quarterly dividend of $0.12 per share, emphasizing a stable capital position.

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 PR E). This dividend, equivalent to $0.45325 per depositary share, is payable on November 15, 2020, to shareholders of record as of the close of business on October 30, 2020. The company, headquartered in Pittsburgh, operates across seven states and the District of Columbia with total assets nearing $38 billion.