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.
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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 its schedule for releasing second quarter 2023 financial results. The company plans to issue these results after the market close on Wednesday, July 19, 2023. Following this, a conference call will be hosted on Thursday, July 20, 2023, at 8:30 AM ET to discuss the results.
Key executives participating in the call include 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 or join via dial-in. The call and related materials will also be accessible via webcast on the company's website. A replay of the call will be available until midnight ET on Thursday, July 27, 2023.
F.N.B. Corporation (NYSE: FNB) reported a strong performance in Q1 2023, with net income of $144.5 million ($0.40 per diluted share), a significant increase from $51.0 million ($0.15 per share) in Q1 2022. This growth was attributed to an increase in net interest income, which rose by 43.8% to $336.7 million, driven by higher average loans and a favorable interest rate environment. The return on average tangible common equity reached 20%, and the efficiency ratio improved to 50.6%. Total deposits grew by 3.7%, supported by a robust customer base and the recent Union acquisition. The bank's capital position remains strong, with a CET1 ratio of 10%. Despite seasonal declines in some deposit categories, overall performance shows resilience amid industry challenges.
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