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. (NYSE: FNB) has announced a $100,000 donation to the American Red Cross for Hurricane Helene relief efforts in the southeastern United States. Vincent J. Delie, Jr., Chairman, President and CEO of F.N.B. and First National Bank, expressed commitment to supporting recovery efforts for affected team members, branches, customers, and communities.
The company is offering special accommodations for clients with existing loans in FEMA-declared disaster areas. Upon request, FNB may waive late fees, overdraft fees, and foreign ATM fees for customers experiencing hardship due to the storm. Clients are encouraged to contact their banker or local branch for more information.
This donation builds on FNB's previous support for natural disasters in North Carolina and South Carolina, where the Bank has a significant presence, as well as other national tragedies.
F.N.B. (NYSE: FNB) has announced its plans to release financial results for the third quarter of 2024 after market close on Thursday, October 17, 2024. The company will host a conference call to discuss these results on Friday, October 18, 2024, at 8:30 AM ET.
Key executives, including Chairman, President and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and CCO Gary L. Guerrieri, will lead the call. 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 will be available until midnight ET on Friday, October 25, 2024.
F.N.B. (NYSE: FNB) has received prestigious recognition from TIME magazine and Newsweek, highlighting its exceptional performance and workplace culture. FNB was named among TIME's World's Best Companies 2024, based on its impact on investors, employees, and sustainability. The company also appeared on Newsweek's inaugural list of America's Most Admired Workplaces 2025, being one of only eight banks recognized out of 400 companies.
These accolades underscore FNB's strong performance, rooted in its people-centric culture and employee dedication. The assessments involved extensive surveys and data analysis, considering factors such as employee satisfaction, revenue growth, and sustainability. FNB's Chairman, President, and CEO, Vincent J. Delie Jr., emphasized the importance of the company's culture and team in delivering results for shareholders, customers, and communities.
In 2024, FNB has also received other notable recognitions, including Greenwich Excellence and Best Brands Awards, Top Workplace USA, and the Best Digital Initiative award for its eStore® by Fintech Futures.
First National Bank, the largest subsidiary of F.N.B. (NYSE: FNB), has been named a Greater Pittsburgh Top Workplace for the 14th consecutive year. This recognition, based on employee feedback, affirms FNB's strong, employee-centric culture. The company is set to open its new headquarters, FNB Financial Center, in the fourth quarter of 2024, emphasizing employee wellness and innovation.
FNB has received over 60 national and regional workplace awards since 2011, including Top Workplace USA and Top Workplaces National Culture Excellence. The company is also one of only three banks recognized on all seven DiversityComm Best of the Best Top Employers lists in 2024, highlighting its commitment to inclusivity and diversity.
F.N.B. (NYSE: FNB) announced the retirement of Chief Audit Executive Christine Tvaroch after nearly 30 years of service. Ronda Edkins, who joined FNB in 2023 as Chief Operational Risk Officer, will succeed Tvaroch in this critical role. Tvaroch, who joined FNB in 1995, has been instrumental in the company's growth. Edkins brings over 25 years of financial services experience to her new position, where she will be responsible for providing independent assurance on governance, risk, and control processes to FNB's Audit Committee and Board of Directors.
The promotion of Edkins from within demonstrates FNB's focus on enterprise-wide risk management and preparedness for Heightened Standards as the company grows. This transition in leadership for a key executive position is expected to be seamless, reflecting FNB's strong internal talent pipeline.
F.N.B. (NYSE: FNB) has announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be payable on September 15, 2024, to shareholders of record as of the close of business on September 5, 2024. This declaration by the Board of Directors demonstrates F.N.B. 's commitment to providing regular returns to its shareholders. The consistent dividend payout reflects the company's financial stability and confidence in its future performance.
F.N.B. (NYSE: FNB) reported Q2 2024 earnings with a net income of $123.0 million, or $0.34 per diluted share, compared to $140.4 million, or $0.39 per share, in Q2 2023. Linked-quarter net income increased from $116.3 million, or $0.32 per share, in Q1 2024. Loan and deposit growth were 3.6% and 0.7%, respectively.
Pre-provision net revenue (non-GAAP) grew by 4% compared to Q1 2024. Tangible book value per share rose 12% YoY to $9.88. Net interest income dropped by $13.4 million YoY due to higher deposit costs and increased borrowings. Non-interest income improved by 9.5% YoY, with service charges and mortgage banking operations income rising. Non-interest expense increased by 6.9% YoY due to higher salaries and tech investments.
The CET1 ratio remained stable at 10.2%. The efficiency ratio stood at 54.4%, and the provision for credit losses rose to $20.2 million to support strong loan growth. The company repurchased 250,000 shares at $13.56 per share. The effective tax rate was 21.6%.
F.N.B. 's subsidiary, First National Bank, has been honored as a 2024 Top Workplace for Financial Services by Energage, continuing its recognition streak since 2021. This year also marks its tenth consecutive year as a Top Workplace in Northeast Ohio by The Plain Dealer. The awards, based on anonymous employee feedback, highlight FNB's strong leadership and people-centric culture. FNB aims to foster high employee engagement and performance through family-friendly benefits, learning opportunities, and a competitive compensation package. The company's new headquarters in Pittsburgh, PA, designed to promote health and productivity, is set to open in Q4 2024. FNB has received over 60 workplace awards since 2011, with notable mentions from DiversityComm for inclusivity. Visit their website for more details on their achievements and career opportunities.
F.N.B. (NYSE: FNB) announced that it will release its Q2 2024 financial results after the market closes on July 17, 2024. The company will host a conference call on July 18, 2024, at 8:30 AM ET to discuss the results. Key executives, including Chairman and CEO Vincent J. Delie, Jr., CFO Vincent J. Calabrese, Jr., and Chief Credit Officer Gary L. Guerrieri, will participate in the call. Investors can pre-register for the call or access it via dial-in numbers provided for domestic and international callers. The webcast and presentation materials will be available on F.N.B. 's website, with a replay accessible until July 25, 2024.
F.N.B. (NYSE: FNB) hosted Pennsylvania Governor Josh Shapiro for a tour of its new headquarters, FNB Financial Center, in Pittsburgh's Hill District on June 18, 2024. This development is expected to drive nearly $1 billion in economic growth and create thousands of jobs. The 26-story LEED Silver-certified building will open later in 2024, coinciding with FNB's 160th anniversary. FNB's initiatives include monetizing LERTA tax benefits worth $7.2 million for the community, financing projects to boost home ownership and business formation, and supporting job training for minority-owned construction firms.