F N B Corp Stock Price, News & Analysis

First National Bank, a subsidiary of F.N.B. Corporation (NYSE: FNB), has appointed Brian P. Wozniak as Executive Vice President and Executive Director of Small Business Banking. With over two decades of experience, Wozniak will develop strategies for the Small Business Banking function and collaborate with various leaders to enhance services for small businesses. He previously led a national Business Banking expansion for PNC and holds degrees from Slippery Rock University and the University of Pittsburgh.

F.N.B. Corporation (NYSE: FNB) announced the pricing of a $350 million offering of 5.150% fixed-rate senior notes due August 25, 2025. The notes will pay interest semi-annually, starting February 25, 2023. Proceeds from the offering will be used for general corporate purposes, including repaying prior senior notes and supporting growth. The offering is expected to close on August 25, 2022. Morgan Stanley and Goldman Sachs are acting as joint book-running managers for the offering.

F.N.B. Corporation (NYSE: FNB) is set to expand its physical network in Virginia and the Washington, D.C. area, planning to operate at least 11 First National Bank offices by 2024. This includes new branches in Reston and Arlington. FNB aims to bolster its commercial banking operations with a new loan origination center in Richmond and plans to hire additional bankers. The expansion strategy combines digital delivery channels with physical presence to enhance access to banking services, particularly for low- to moderate-income communities.

F.N.B. Corporation (NYSE: FNB) has announced plans to open a new branch in Baltimore, Maryland, located at 2700 Remington Avenue by the end of 2022. This branch aims to enhance access to banking services and financial education for the local community. It features innovative technology like an eStore® kiosk and Interactive Teller Machines for customer convenience. FNB has been expanding in the Mid-Atlantic region through new branches, ATMs, and strategic acquisitions, including the recent merger with Howard Bancorp, Inc. The company has over 30 branches and nearly 300 ATMs in the region.

F.N.B. Corporation (NYSE: FNB) reported strong second-quarter 2022 earnings, with net income available to common stockholders reaching $107.1 million, or $0.30 per diluted share. This marks a 19% increase from the previous quarter. The company achieved record revenue of $336 million and an efficiency ratio of 55.2%. Total loans and leases, excluding Paycheck Protection Program loans, increased by 11.2% year-over-year. Notably, net interest income rose to $253.7 million, reflecting an 11.3% increase. Despite challenges from higher interest rates, FNB remains well-capitalized with a Common Equity Tier 1 ratio of 9.7%.

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 (FNB.PRE). The dividend is set for August 15, 2022, for shareholders of record by the close of business on July 29, 2022. FNB operates in seven states and the District of Columbia, with total assets of $42 billion and over 340 banking offices. The company provides a range of financial services through its largest subsidiary, First National Bank of Pennsylvania.

F.N.B. Corporation (NYSE: FNB) has declared a quarterly cash dividend of $0.12 per share on common stock, payable on September 15, 2022. Shareholders of record as of September 2, 2022 will receive this dividend. FNB operates as a diversified financial services company with total assets of $42 billion and over 340 banking offices across several states and Washington, D.C. The company provides comprehensive commercial and consumer banking solutions, along with wealth management services.