Banking & Finance

FNB Declares 12¢ Cash Dividend on Common Stock

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, announced Thursday that its board of directors declared a quarterly cash dividend of 12 cents per common share.

The dividend is payable March 15 to shareholders of record March 2.

In the fourth quarter, F.N.B. reported net income of $51.3 million, or 24 cents per common share.

It is nearing completion of its acquisition of Yadkin Financial Corp., based in North Carolina. Assuming the transaction is completed, pro forma F.N.B. would have nearly $30 billion in assets and First National Bank would have more than 400 offices in Pennsylvania, Ohio, West Virginia, Maryland, North Carolina and South Carolina.

Earlier this week, the company reported that Greenwich Associates recognized it with 10 awards for excellence in banking – the sixth consecutive year it has been so recognized – for customer satisfaction in middle-market and small-business banking.

Published by The Business Journal, Youngstown, Ohio.