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 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.
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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.