Last $12.71 USD
Change Today -0.06 / -0.47%
Volume 1.8M
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

fnb corp (FNB) Key Developments

F.N.B. Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on September 15, 2014

F.N.B. Corporation announced that its board of directors declared a quarterly cash dividend of 12 cents per share on company's common stock. The dividend is payable on September 15, 2014 to shareholders of record as of the close of business on September 2, 2014.

F.N.B. Corporation Seeks Acquisitions

F.N.B. Corporation (NYSE:FNB) is seeking acquisitions. Vince Calabrese, Chief Financial Officer of F.N.B. Corporation, said, "We continue to benefit from new account acquisition, particularly on the business side." Vince Delie, President and Chief Executive Officer of F.N.B. Corporation, said, "We are looking to do acquisitions that position the Company to achieve significant organic growth targets. So, that one worked both from a capital accretion standpoint and positioned us for growth. So, that remains our focus." He added, "We have been very, very selective from an M&A perspective. So we've turned down quite a few opportunities because they didn't fit strategically. So, we are not bent on growing assets through acquisition. We have an organic growth machine that works very effectively and provides the best accretion for our shareholders. If we can supplement that with an acquisition, that's what we will do."

F.N.B. Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014; Provides Tax Guidance for the Third Quarter and Fourth Quarter of 2014

F.N.B. Corporation reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income $114,192,000 against $96,746,000 a year ago. Income before income taxes was $52,084,000 against $43,156,000 a year ago. Net income $34,831,000 against $29,193,000 a year ago. Net income available to common stockholders was $32,821,000 against $29,193,000 a year ago. Basic and diluted earnings per common share were $0.20 against $0.20 a year ago. Book value per share was $10.81 compared to $10.12 as at June 30, 2013. Tangible book value per share was $5.73 compared to $4.97 as at June 30, 2013. Return on average assets was 0.95% compared to 0.94% reported a year ago. Return on average equity was 7.35% compared to 7.94% reported a year ago. Return on average tangible assets was 1.05% compared to 1.04% reported a year ago. Return on average tangible equity was 14.59% compared to 16.81% reported a year ago. Interest income was $124,440,000 compared to $107,841,000 for the last year. For the six months ended June 30, 2014, the company reported net interest income $222,017,000 against $189,842,000 a year ago. Income before income taxes was $102,529,000 against $85,262,000 a year ago. Net income was $69,355,000 against $57,731,000 a year ago. Net income available to common stockholders was $65,023,000 against $57,731,000 a year ago. Diluted earnings per common share were $0.39 against $0.40 a year ago. Return on average assets was 0.97% compared to 0.95% reported a year ago. Return on average equity was 7.50% compared to 8.07% reported a year ago. Return on average tangible assets was 1.08% compared to 1.06% reported a year ago. Return on average tangible equity was 14.92% compared to 17.05% reported a year ago. Interest income was $242,320,000 compared to $212,959,000 for the last year. For the quarter, the company’s net charge-offs for the second quarter totaled $5.9 million, or 0.23% annualized, consistent with $5.6 million or 0.23% annualized in the prior quarter. For taxes, The company expects an effective GAAP tax rate between 30% and 31% for the third and fourth quarters of 2014.

F.N.B. Corporation Declares Cash Dividend on Non-Cumulative Perpetual Preferred Stock, Series E, Payable on August 15, 2014

F.N.B. Corporation announced that its board of directors declared a quarterly cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40(th) interest per share) on F.N.B. Corporation's Non-Cumulative Perpetual Preferred Stock, Series E. The dividend is payable on August 15, 2014 to shareholders of record as of the close of business on July 31, 2014.

F.N.B. Corporation to Report Q2, 2014 Results on Jul 22, 2014

F.N.B. Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

 

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FNB

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Valuation FNB Industry Range
Price/Earnings 16.2x
Price/Sales 3.9x
Price/Book 1.2x
Price/Cash Flow 16.4x
TEV/Sales NM Not Meaningful
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