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.
F.N.B. Corporation (NYSE: FNB) is a diversified financial services company and regional bank headquartered in Pittsburgh, Pennsylvania. This news page aggregates company-issued updates and disclosures so readers can follow developments affecting FNB stock and its banking operations across seven states and the District of Columbia.
News about F.N.B. Corporation frequently covers quarterly earnings results, investor conference presentations and other financial disclosures. The company regularly announces its financial performance and schedules conference calls to discuss results for periods such as the third and fourth quarters, with related information also furnished through Form 8-K filings.
F.N.B. Corporation’s news flow also highlights digital banking and technology initiatives. Recent announcements have described the launch of Payment Switch, a service that lets customers automatically move recurring ACH or debit card payments to FNB using the FNB Direct Mobile Banking App, as well as Direct Deposit Switch and instant payments capabilities. The company’s communications emphasize its eStore digital platform and its Clicks-to-Bricks strategy, which connects digital tools with its branch network.
Additional news items may focus on leadership changes, strategic hires and branch expansion. Examples include the appointment of a Chief Consumer Banking Officer, the addition of AI and data science leaders, and plans to add de novo branches in markets across the Mid-Atlantic and Southeast. Awards and recognition for F.N.B. Corporation and its executives, particularly related to digital transformation and banking innovation, also appear in company press releases.
Investors and observers can use this page to monitor F.N.B. Corporation’s earnings announcements, dividend declarations, technology updates and strategic initiatives that may be relevant to understanding FNB’s position in the regional banking sector.
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.
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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.
F.N.B. Corporation (NYSE: FNB) reported a significant reduction in loan deferrals, with second deferrals totaling $434 million, or 1.8% of total loans as of September 15, 2020, down from $2.4 billion, or 10.3%, on June 30, 2020. The decrease indicates improved loan performance and quality of the customer base, reflecting effective credit risk management and disciplined underwriting practices. The company, with nearly $38 billion in total assets, will provide further insights during the upcoming third quarter earnings call.
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.