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. (NYSE: FNB) has announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on March 15, 2025, to shareholders who are recorded as stockholders at the close of business on March 3, 2025.
F.N.B. (NYSE: FNB) reported Q4 2024 net income of $109.9 million, or $0.30 per diluted share, compared to $48.7 million ($0.13/share) in Q4 2023. Operating earnings per share was $0.38 for Q4 2024.
Full-year 2024 net income was $459.3 million ($1.27/share), compared to $476.8 million ($1.31/share) in 2023. Key highlights include:
- Period-end total loans increased 5.0% year-over-year to $1.6 billion
- Total deposits grew 6.9% to $2.4 billion
- CET1 ratio reached record 10.6%
- Tangible book value per share grew 11% to $10.49
- Net interest margin was 3.04%, down 4 basis points from Q3
- Asset quality remained solid with total delinquencies at 0.83%
The company completed a $231 million securities restructuring and issued $500 million in senior notes. Credit metrics remained strong with net charge-offs at 0.19% for the full year.
F.N.B. (NYSE: FNB) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The financial results will be released before market open on Wednesday, January 22, 2025. A conference call will follow at 8:30 AM ET on the same day.
The call will be hosted by Chairman, President and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri. Participants can pre-register for the call and receive immediate access credentials. The call will be accessible via phone (844-802-2440 for domestic callers, 412-317-5133 for international) and webcast through FNB's website.
Presentation materials will be available on the company's website, and a replay will be accessible until midnight ET on January 29, 2025, via phone using the conference replay access code 6756180.
F.N.B. 's new Pittsburgh headquarters, FNB Financial Center, has achieved LEED Gold certification from the U.S. Green Building Council. The building, which opened in late November, consolidates several corporate offices and features employee amenities including a fitness center, tenant terrace, and on-site branch.
The project is part of Pittsburgh's Lower Hill District development, with 30% minority-owned and 15% women-owned business participation targets. The building incorporates sustainable features such as efficient HVAC systems, air filtration, and electric charging stations. FNB created a special loan program to enable local contractors' participation and invested in funds supporting minority-owned firms.
Vincent J. Delie, Jr., Chairman, President and CEO of F.N.B. (NYSE: FNB), has been named CEO of the Year by The CEO Magazine, becoming the first U.S. CEO to receive this award. The announcement coincides with FNB's move to its new corporate headquarters, FNB Financial Center, which anchors a $1 billion economic expansion project in Pittsburgh's Hill District.
Under Delie's leadership, FNB has expanded to serve seven states and Washington, D.C., increased its market capitalization by nearly six times, and implemented the Clicks-to-Bricks strategy featuring the eStore® digital platform. The company has received over 70 national and regional workplace awards and was recently named to Forbes' inaugural lists of America's Best and Most Trusted Companies, ranking among the top 300 out of more than 2,000 evaluated companies.
F.N.B. (NYSE: FNB) has announced the pricing of $500 million senior notes due 2030. The notes will initially bear a fixed interest rate of 5.722% per annum, paid semi-annually from June 11, 2025, to December 11, 2029. After that, they will switch to a floating rate of Compounded SOFR plus 1.93%, paid quarterly until maturity.
The offering is expected to close on December 11, 2024. The company plans to use the proceeds for general corporate purposes, including holding company investments, supporting banking subsidiary growth, and refinancing existing debt. Morgan Stanley, BofA Securities, and WauBank Securities are serving as joint book-running managers.
F.N.B. (NYSE: FNB) has announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on December 15, 2024, to shareholders who are recorded as stockholders at the close of business on December 2, 2024.
First National Bank, the largest subsidiary of F.N.B. (NYSE: FNB), has appointed Kelly Trombetta as Chief Operational Risk Officer. Trombetta, who brings over 25 years of financial services, risk and leadership experience, will oversee the company's operational risk management program and ensure regulatory compliance as FNB approaches $50 billion in assets. She reports to Chief Risk Officer Thomas Whitesel and holds degrees from Grove City College and Duquesne University.
F.N.B. (NYSE: FNB) reported third quarter 2024 earnings with a net income of $110.1 million, or $0.30 per diluted share, down from $143.3 million, or $0.40 per share, in Q3 2023. Operating earnings per share (non-GAAP) were $0.34, matching Q2 2024. Tangible book value per share grew 15% YoY to $10.33. Deposit growth was $1.8 billion (5%) linked-quarter, and the loan-to-deposit ratio improved by 500 basis points to 91.7%. Total loans and leases increased $1.6 billion YoY, but decreased $39.6 million linked-quarter due to a $431 million sale of auto loans. Net interest income rose 2.4% linked-quarter to $323.3 million. Non-interest income hit a record $89.7 million, up 10% YoY. Non-interest expense increased to $249.4 million, impacted by a $11.6 million loss on auto loan sale and a $3.7 million software impairment. The CET1 ratio was 10.4%, up from 10.2% in Q3 2023. Asset quality remained strong with a slight increase in non-performing loans to 0.39%.
F.N.B. (NYSE: FNB) has received four Top Workplaces National Culture Excellence awards and a regional Top Workplace award for Charlotte, NC. The awards, based on employee feedback, recognize FNB's outstanding workplace culture and employee support. The company earned honors in Professional Development, Employee Appreciation, Employee Well-Being, and Diversity, Equity & Inclusion (DE&I) Practices.
FNB's Chairman, President, and CEO, Vincent J. Delie, Jr., emphasized the company's commitment to fostering engagement, recognition, and collaboration. The Charlotte Top Workplaces award marks FNB's third consecutive year receiving this honor in the Mid-Size Companies category. FNB continues to expand in the region, with 13 branches around Charlotte and nearly 100 branches in North Carolina overall.
The company has also received other accolades this year, including Greenwich Excellence and Best Brands Awards, Top Workplace USA, and Top Workplace for Financial Services.
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