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.
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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.
F.N.B. Corporation (NYSE: FNB) declared a quarterly cash dividend of $0.12 per share, payable on December 15, 2020, to shareholders on record as of December 3, 2020. The corporation, headquartered in Pittsburgh, Pennsylvania, has total assets nearing $38 billion and operates around 350 banking offices across various states including Pennsylvania, Maryland, and North Carolina. FNB provides a full range of financial services through its subsidiary network, focusing on commercial and consumer banking as well as wealth management solutions.
F.N.B. Corporation (NYSE: FNB) will release its third-quarter 2020 financial results on October 19, 2020, at 6:00 PM ET. A conference call hosted by Chairman and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri will follow on October 20, 2020, at 8:15 AM ET. Pre-registration for the call is encouraged, and the company will provide a replay option until October 27, 2020. F.N.B. operates with total assets nearing $38 billion across multiple states.
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