Welcome to our dedicated page for F N B news (Ticker: FNB), a resource for investors and traders seeking the latest updates and insights on F N B stock.
FNB Corporation (FNB) provides comprehensive financial services across consumer banking, commercial lending, and wealth management. This news hub delivers verified updates directly from the company and trusted financial sources.
Access timely press releases covering earnings reports, strategic initiatives, and leadership updates. Our curated collection includes regulatory filings, product launches, and market expansion announcements relevant to both retail and institutional stakeholders.
Key updates focus on community banking developments, technology investments, and risk management practices across FNB's operational regions including Pittsburgh, Baltimore, and Cleveland. Content is organized for quick scanning while maintaining regulatory compliance.
Bookmark this page for streamlined access to FNB's financial communications. Check back regularly for authoritative updates impacting investment research and market analysis.
On September 10, 2020, F.N.B. Corporation (NYSE: FNB) announced a multi-year partnership with the Pittsburgh Penguins, becoming their Official Retail and Digital Banking Partner. This agreement will enhance F.N.B.'s presence at PPG Paints Arena, featuring the "F.N.B. Club" and "F.N.B. Gate". Fans will have access to banking services, including three ATMs and a digital center with innovative banking technology. Additionally, the partnership introduces co-branded Penguins checking packages and other promotional offerings, aimed at community engagement and enhancing customer experience.
F.N.B. Corporation (NYSE: FNB) announced leadership promotions within F.N.B. Equipment Finance, elevating R. Timothy Evans to President and Donna Yanuzzi to Managing Director of Sales and Marketing, following Gary Cook's retirement after nearly 50 years in finance. With a portfolio nearing $1 billion, Evans brings almost 40 years of experience, while Yanuzzi has over 23 years at FNB. Their combined expertise is expected to drive growth as the company continues to deliver tailored leasing solutions for commercial clients.
F.N.B. Corporation (NYSE: FNB) has been recognized as a Q2 2020 Standout Commercial Bank by Greenwich Associates for its effective response to the COVID-19 pandemic. This honor highlights FNB's commitment to client relations and digital services, with the bank funding $2.6 billion in Paycheck Protection Program loans, aiding nearly 20,000 businesses. FNB's proactive measures included providing loan payment deferrals of $2.4 billion for around 14,800 clients and donating $1 million for COVID-19 relief. The bank has consistently earned accolades for its customer service over the past decade.
F.N.B. Corporation (NYSE: FNB) announced a $100,000 contribution to the Hill District Federal Credit Union to support financial services in Pittsburgh's Hill District, aligning with its $250 million commitment to address economic inequities. This investment aims to enhance the credit union's capacity to provide financial education and services, strengthening community engagement. FNB has a history of supporting economic development and financial literacy initiatives in low- and moderate-income areas.
F.N.B. Corporation reported a net income of $81.6 million for Q2 2020, increasing from $45.4 million in Q1 2020 but down from $93.2 million in Q2 2019. Earnings per diluted share were $0.25. The results reflect the impact of $2.6 billion in loans from the Paycheck Protection Program and $2.0 million in COVID-19-related expenses. Total revenue grew to $306 million, with average loans and deposits increasing 12.5% and 14.3%, respectively. The efficiency ratio improved to 53.7%, while net interest income decreased slightly due to lower interest rates.
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 (NYSE: FNB.PRE), payable on August 15, 2020. Additionally, a cash dividend of $0.12 per common share is set for payment on September 15, 2020. Shareholders must be on record by July 31, 2020, for the preferred stock and September 4, 2020, for the common stock. F.N.B. operates over 350 banking offices across multiple states, with total assets exceeding $35 billion.
First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), appointed Joseph Cartellone as Executive Vice President, Director of Mortgage Services. Based in Pittsburgh, he oversees a division with nearly $3 billion in annual loan production. Cartellone aims to enhance customer experience through new technologies and processes, succeeding David B. Green. With over 32 years of experience, Cartellone previously worked at Chase, PNC, and BBVA Compass. FNB, headquartered in Pittsburgh, operates across seven states with total assets exceeding $35 billion.
F.N.B. Corporation (NYSE: FNB) will release its second-quarter 2020 financial results on July 16, 2020, at 6:00 PM ET. A conference call with key executives, including Chairman and CEO Vincent J. Delie, Jr., is scheduled for July 17, 2020, at 8:15 AM ET to discuss the results. Participants can pre-register for the call for quicker access. The company operates over 350 banking offices across multiple states and has total assets exceeding $35 billion.
F.N.B. Corporation (NYSE: FNB) has announced a $250 million commitment to support economic investments in underserved communities. This initiative focuses on affordable housing, small business support, and financial education, particularly targeting low-to-moderate income areas. The pledge aims to rectify social and racial inequities faced by African American communities. With total assets exceeding $35 billion, FNB is committed to enhancing the quality of life across its market footprint, which includes major metropolitan areas like Pittsburgh, Baltimore, and Cleveland.
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