| Over a month ago | ||||
Reports Q4 net interest… Reports Q4 net interest margin up 8bps to 2.87%. Reports Q4 Pre-provision net revenue $103.4M vs. $123.1M last year. Reports Q4: growth in total average loans was $2.4B, or 10.4%; total average deposits grew $4.1B, or 16.6%, primarily due to an increase in average non-interest-bearing deposits of $2.6B; net interest income increased $8.0M. | ||||
The Pittsburgh Penguins… The Pittsburgh Penguins and F.N.B. Corporation, announced that a suite of co-branded products and services, specialized promotions and digital engagement opportunities will be available beginning Monday, January 11. The launch coincides with the unveiling of FNB's new presence at PPG Paints Arena, which includes the F.N.B. Club, F.N.B. Gate, on-ice logo, three on-site ATMs and a unique digital center. These features are part of the multi-year agreement establishing FNB as the Official Retail and Digital Banking Partner of the Pittsburgh Penguins NHL team. The unique partnership emphasizes digital integration and cross-promotion between the organizations' respective online and mobile platforms to enable both FNB and the Penguins to reach an expanded, shared audience with specialized information. Building on the partnership to reinforce its dedication to its headquarters city, FNB has additionally made a commitment to donate $200 to the Greater Pittsburgh Community Food Bank for every goal the Penguins score in the 2020-2021 season. | ||||
| Over a quarter ago | ||||
Stephens analyst Brody… Stephens analyst Brody Preston downgraded F.N.B. to Equal Weight from Overweight with an unchanged price target of $10. While he continues to believe the bank's balance sheets represents "a potential port in the storm," he also believes some combination of above average loan growth and profitability will be the primary fundamental drivers of bank stock outperformance over the next twelve months and his forward outlook for the bank falls below the average for his coverage, Preston tells investors. | ||||
Stephens analyst Brody… Stephens analyst Brody Preston downgraded F.N.B. to Equal Weight from Overweight with a $10 price target. | ||||
First National Bank, the… First National Bank, the largest subsidiary of F.N.B. Corporation (FNB), Cardtronics (CATM) and GetGo have announced an expanded partnership deploying FNB branding on 49 Cardtronics-owned Allpoint ATMs located in GetGo stores across Northeast Ohio. Building on FNB's long-standing partnership with Cardtronics, the expanded branding agreement enables FNB to double its ATM presence in Ohio, enhancing its network of more than 80 ATMs and nearly 30 branches with increased access to cash services. The Allpoint ATMs at GetGo stores provide customers with access to surcharge-free transactions, including withdrawals, transfers, and balance inquiries. | ||||
Vincent J. Delie, Jr.,… Vincent J. Delie, Jr., Chairman, President, and Chief Executive Officer of F.N.B. Corporation, said of its results, "In this challenging economic environment prompted by the global pandemic, FNB continues to produce positive results built on employee protection and assistance, operational response and preparedness, continued customer and community support, and stringent risk management. Our performance is directly attributable to our resilient business model, which is based upon the deployment of technology and expansion into attractive new markets. Revenue continued to increase and operating EPS totaled $0.26, resulting in an operating return on tangible equity of 14%. These results reflect continued average loan and deposit growth of 2% and 4%, respectively, strong capital markets activity and record mortgage banking levels of $19 million. On a linked-quarter basis, tangible book value per share increased $0.18 to $7.81, as we strengthened our capital ratios while sustaining our quarterly dividend of $0.12 per share. We are encouraged by this quarter's positive results as FNB remains profitable while building capital and reserves." | |
F.N.B. Corporation… F.N.B. Corporation announced updated loan deferral information, which includes a "substantial decrease" in the amount of loans on temporary deferral compared to June 30, 2020. As of September 15, 2020, second deferrals were $434M, or 1.8% of total loans and leases excluding Paycheck Protection Program loans, compared to $2.4B, or 10.3% of total loans and leases excluding Paycheck Protection Program loans in deferral at June 30, 2020. The level at September 15, 2020, also included $383M of loans still in the first deferral period. Vincent Delie, Jr., Chairman, President and CEO of F.N.B. Corporation said: "Overall, we are pleased with the level of second deferral requests, which totaled 1.8% of total loans as of September 15, 2020. Lower demand for second deferral requests reflects the quality of our customer base, our consistent approach to credit risk management and FNB's dedication to disciplined underwriting standards throughout various business cycles." | |
Virtual Meetings to be… Virtual Meetings to be held September 9-10 hosted by Truist. | |
Virtual Meetings to be… Virtual Meetings to be held September 9-10 hosted by Truist. | |
Virtual Meetings to be… Virtual Meetings to be held September 9-10 hosted by Truist. |