FNB Corporation Overview and Performance

FNB Corporation is a well-established financial institution with a rich history. Founded in 1908, it has been serving the financial needs of its customers for over a century.

FNB Corporation's headquarters is located in Pittsburgh, Pennsylvania, and it operates over 960 branches across nine states. The company has a strong presence in the Midwest and Appalachian regions.

FNB Corporation's history dates back to the early 20th century, when it was first established as a bank in Pittsburgh. Over the years, the company has grown and expanded its services to meet the evolving needs of its customers.

As of 2022, FNB Corporation had total assets of over $46 billion, making it one of the largest financial institutions in the region.

Fnb Corporation is a leading financial services company that offers a wide range of products and services to its customers.

The company was founded in 1987 and has since grown to become one of the largest financial institutions in the country.

Fnb Corporation operates in multiple states and has a strong presence in the communities it serves.

It has a diverse portfolio of products and services, including banking, investment, and insurance services.

Fnb Corporation is committed to providing excellent customer service and has a reputation for being a reliable and trustworthy financial partner.

FNB Corporation's profitability is impressive, with a Return on Assets (Normalized) of 790.30%. This means that for every dollar invested, the company generates nearly eight times the return.

The company's Return on Equity (Normalized) is also significantly high at 6,129.02%, indicating that FNB Corporation is generating substantial profits from its equity.

Here's a comparison of FNB Corporation's profitability metrics with its competitors:

FNB Corporation's strong profitability metrics suggest a well-managed company that is generating significant returns on its investments.

As an investor, it's essential to stay informed about the financial performance and outlook of a company. F.N.B. Corporation has received various analyst recommendations that can help guide your investment decisions.

Analysts' recommendations for F.N.B. Corporation have been mixed, but most have maintained a positive rating.

Piper Sandler Adjusts Price Target on F.N.B to $17 From $15, Maintaining Overweight Rating. This suggests that the analyst believes the company's stock has potential for growth.

Stephens Trims Price Target on F.N.B to $15 From $16, Maintaining Overweight Rating. This indicates a slight decrease in the analyst's expectations for the company's stock performance.

Raymond James Adjusts Price Target on F.N.B to $16 From $14, Maintaining Outperform Rating. This is a positive sign, as the analyst believes the company's stock will outperform the market.

Here's a summary of the analyst recommendations:

Keep in mind that analyst recommendations are just one factor to consider when making investment decisions. It's essential to do your own research and consult with financial experts before making any investment choices.

F.N.B. Corporation recently declared a cash dividend of $0.12 on common stock, announced on January 30.

The company has scheduled its fourth quarter 2024 earnings report and conference call for January 22, 2025, as reported on January 22.

F.N.B. Corporation reported its fourth quarter 2024 earnings on January 22, with non-GAAP earnings flat and revenue increasing, according to a report by MarketWatch on January 22.

Here are the key earnings results for F.N.B. Corporation's fourth quarter 2024:

F.N.B. Corporation also reported earnings results for the full year ended December 31, 2024, on January 22, as reported by Cision on January 22.

A recent SEC filing revealed that an F.N.B. Corporation insider sold shares worth $2,062,625 on December 9.

F.N.B. Corporation priced a $500 million debt offering on December 4, as reported by MarketWatch on December 4.

The company also announced a senior notes offering of $500 million on December 4, as reported by Cision on December 4.

F.N.B. Corporation's equity buyback plan, announced on September 23, 2019, has a recent update on November 5, as reported by Cision on November 5.

The company's Q3 2024 earnings call was held on October 18, 2024, as reported on October 18.

F.N.B. Corporation reported a decline in non-GAAP earnings and an increase in revenue for the third quarter 2024, according to a report by MarketWatch on October 17.

The company reported a net loan charge-off for the third quarter ended September 30, 2024, on October 17, as reported by Cision on October 17.

F.N.B. Corporation's Q3 2024 earnings results showed a decline in non-GAAP earnings and an increase in revenue, as reported by Cision on October 17.

FNB Corporation has a diverse range of financial services affiliates, including its largest subsidiary, First National Bank of Pennsylvania, which operates across a six-state footprint with approximately 350 offices as of October 2020.

FNB Corporation's affiliates also include First National Trust Company, which was chartered in 1934. This affiliate has a rich history and has been serving customers for nearly a century.

The company's investment services are offered through FNB Investment Services, which caters to individuals, corporations, and retirement funds. Additionally, FNB Investment Advisors, Inc. is a registered investment adviser under the Investment Advisers Act of 1940 and is registered with the Securities and Exchange Commission and Pennsylvania Securities Commission.

FNB Corporation's insurance services are provided through First National Insurance Agency, which offers Property and Casualty, Employee Benefits, and Life Insurance coverage.

FNB has a significant presence in Pittsburgh, with over 100 locations and a top three retail deposit market share today. Its growth in the city has been remarkable, starting with a single banking office in 1997.

FNB announced its regional headquarters would locate in a 22-story building in Raleigh, called FNB Tower, in May 2017. Groundbreaking took place in December 2017, and the building opened in December 2019.

The company has also established a strong presence in Charlotte, with a 31-story tower serving as its regional headquarters, FNB Tower Charlotte. This building was completed and opened in July 2021.

FNB's corporate headquarters operation was previously located on the Pittsburgh North Shore, but it moved to a new 26-story building in downtown Pittsburgh, called FNB Financial Center, in November 2024.

At the heart of FNB Corporation's operations are its affiliates, which offer a range of financial services to individuals, corporations, and retirement funds.

First National Bank of Pennsylvania is the largest subsidiary, with a significant presence across a six-state footprint, boasting approximately 350 offices as of October 2020.

FNB Corporation also operates First National Trust Company, which was chartered in 1934, a testament to its long history.

FNB Investment Services provide a platform for individuals, corporations, and retirement funds to manage their investments.

FNB Investment Advisors, Inc. is a registered investment adviser, compliant with the Investment Advisers Act of 1940 and registered with the Securities and Exchange Commission and Pennsylvania Securities Commission.

First National Insurance Agency offers various insurance coverage options, including Property and Casualty, Employee Benefits, and Life Insurance.

Here's a breakdown of FNB Corporation's affiliates:

The corporate structure is a vital part of any company's success, and one of its key components is the team of managers and directors.

At F.N.B. Corporation, the CEO is Vincent Delie, who has been in the position since December 31, 2011. He's 60 years old and has been leading the company for over a decade.

The Director of Finance and CFO is Vincent Calabrese, a 62-year-old veteran of the company who took on the role on December 31, 2008. He's been a key player in the company's financial decisions for over 14 years.

Amy March is the Compliance Officer, a role she's been in since March 31, 2023. Unfortunately, her age is not publicly available.

The company also has a Chairman, William Campbell, who's a seasoned 86-year-old professional with a long history in the industry. He took on the role on June 17, 2009.

Other directors, like William Strimbu and David Malone, have also been instrumental in shaping the company's direction. William Strimbu is a 64-year-old director who's been with the company since December 31, 1994, while David Malone is a 70-year-old director who started on December 31, 2004.

Here's a brief rundown of the managers and directors at F.N.B. Corporation:

FNB has a long history of strategic acquisitions that have helped shape its current form. Some of its most notable acquisitions include Parkvale Savings Bank in 2012, which was based in Monroeville.

FNB acquired Metro Bank (formerly Commerce Bank) of Harrisburg in 2015, expanding its presence in the area. This acquisition marked a significant milestone in the company's growth.

In 2016, FNB agreed to a $1.4 billion deal with Yadkin Financial of Raleigh, North Carolina, the largest deal in the company's history. This acquisition gave FNB 98 branches in North Carolina.

The merger with Yadkin Financial was completed on March 11, 2017, marking a major achievement for the company. FNB continued to grow and expand its reach through strategic acquisitions.

In 2021, FNB acquired Howard Bancorp (Howard Bank) of Maryland, and the acquisition was completed on January 22, 2022. This acquisition further solidified FNB's presence in the region.

FNB announced the purchase of UB Bancorp of Greenville, North Carolina, in June 2022, with $1.2 billion in assets and 15 Union Bank branches. The deal was completed on December 12, 2022.

The competitive landscape of FNB Corporation is shaped by its position as a leading financial institution in the United States.

FNB Corporation operates in a highly competitive banking industry, with a significant presence in the Mid-Atlantic and Northeast regions.

As of 2022, the company has a market capitalization of over $3.5 billion.

Understanding the ICT spend and priorities of a company can give you a clear picture of their digital strategy. IT Client Prospector provides intelligence on FNB Corp's likely spend across technology areas.

This intelligence can help you make informed decisions about how to allocate your own resources.

FNB Corp's likely spend across technology areas is a crucial aspect of their digital strategy.

The ability to understand this information can be a game-changer for businesses looking to stay competitive.

IT Client Prospector's data can help you identify areas where you can improve your own digital strategy.

By analyzing FNB Corp's ICT spend and priorities, you can gain valuable insights into their approach to digital transformation.

Let's take a closer look at the competitive landscape of the banking industry. When it comes to the number of employees, FNB Corp has a relatively small workforce with 4,008 employees.

The headquarters of these banking corporations are all located in the United States of America.

FNB Corp is headquartered in Pittsburgh, Pennsylvania, while Truist Financial Corp is based in Charlotte, North Carolina.

The entity type of all these corporations is public, which means they are listed on a stock exchange and are required to disclose certain information to the public.

Here's a comparison of the number of employees across these corporations:

First Horizon Corp has 7,186 employees, which is more than FNB Corp but less than Truist Financial Corp.