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F.N.B. Passes $100M in Quarterly Income for First Time

PITTSBURGH – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, reports third-quarter net income of $103 million, or 31 cents per common share, marking the first time the company has surpassed $100 million in quarterly net income. The income is ahead of the previous quarter’s $93.2 million and the year-ago quarter’s $98.8 […]

PITTSBURGH – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, reports third-quarter net income of $103 million, or 31 cents per common share, marking the first time the company has surpassed $100 million in quarterly net income. The income is ahead of the previous quarter’s $93.2 million...

PNC Reports $1.4B in 3Q Income

PITTSBURGH – PNC Financial Services Group Inc. reports a third-quarter net income of $1.4 billion and revenue of $4.5 billion, each a 1% increase from the same period in 2018. Diluted earnings per share for the company were $2.94, up from $2.82 a year ago.  “PNC delivered excellent results in the third quarter. Our loan […]

PITTSBURGH – PNC Financial Services Group Inc. reports a third-quarter net income of $1.4 billion and revenue of $4.5 billion, each a 1% increase from the same period in 2018. Diluted earnings per share for the company were $2.94, up from $2.82 a year ago.  “PNC delivered excellent results in...

Bank of America 3Q Profits Fall 19% Due to Charge

By KEN SWEET AP Business Writer NEW YORK (AP) — Bank of America’s third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge the bank topped expectations, though it’s being pressured by falling interest rates. The […]

By KEN SWEET AP Business Writer NEW YORK (AP) — Bank of America's third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge the bank topped expectations, though it's being pressured...

F.N.B. Approves $150M Repurchase of Common Stock

PITTSBURGH, Pa. – The board of directors for F.N.B. Corp. has approved a stock repurchase program for up to $150 million of common stock. Repurchases are expected to be made through the end of 2020 and will be made at prevailing market prices or in privately negotiated transactions. They will be funded from available working […]

PITTSBURGH, Pa. – The board of directors for F.N.B. Corp. has approved a stock repurchase program for up to $150 million of common stock. Repurchases are expected to be made through the end of 2020 and will be made at prevailing market prices or in privately negotiated transactions. They will...

Costs of Vehicle Ownership on the Rise, AAA Reports

YOUNGSTOWN, Ohio – The true cost of automobile ownership is on the rise, according to a report by AAA, driven largely by financing and fuel costs. Year-over-year, the average annual cost of owning a new vehicle jumped 24% to $9,282, the largest increase since the association began tracking data in 1950.  Finance charges rose to […]

YOUNGSTOWN, Ohio – The true cost of automobile ownership is on the rise, according to a report by AAA, driven largely by financing and fuel costs. Year-over-year, the average annual cost of owning a new vehicle jumped 24% to $9,282, the largest increase since the association began tracking data in...

Small: UCFC-First Defiance Merger a ‘Clean Slate’ for Growth

YOUNGSTOWN, Ohio – Once its merger with First Defiance Financial Corp. is complete, decision-making will remain local at Home Savings Bank, Gary M. Small assured Monday afternoon.  Local customers will still take deals “to someone who’s of the community and knows the community,” said Small, president and CEO of United Community Financial Corp., the holding […]

YOUNGSTOWN, Ohio – Once its merger with First Defiance Financial Corp. is complete, decision-making will remain local at Home Savings Bank, Gary M. Small assured Monday afternoon.  Local customers will still take deals “to someone who’s of the community and knows the community,” said Small, president and CEO of United...

Merger Unites Best of UCFC and First Defiance, CEOs Say

YOUNGSTOWN, Ohio – The merger of United Community Financial Corp. here and First Defiance Financial Corp. in Defiance will combine the best of both institutions’ talent, technology and processes, the institutions’ leaders said Monday. Donald P. Hileman, president and CEO of First Defiance, and Gary Small, president and CEO of United Community, briefed analysts and […]

YOUNGSTOWN, Ohio – The merger of United Community Financial Corp. here and First Defiance Financial Corp. in Defiance will combine the best of both institutions’ talent, technology and processes, the institutions’ leaders said Monday. Donald P. Hileman, president and CEO of First Defiance, and Gary Small, president and CEO of...

UCFC Announces Merger with First Defiance Financial Corp.

YOUNGSTOWN, Ohio – United Community Financial Corp. and First Defiance Financial Corp. have announced a definitive merger agreement in which UCFC, the holding company of Home Savings Bank, will merge into First Defiance. In the stock-for-stock transaction, UCFC shareholders will receive 0.3715 shares of First Defiance common stock for each share of United Community stock. […]

YOUNGSTOWN, Ohio – United Community Financial Corp. and First Defiance Financial Corp. have announced a definitive merger agreement in which UCFC, the holding company of Home Savings Bank, will merge into First Defiance. In the stock-for-stock transaction, UCFC shareholders will receive 0.3715 shares of First Defiance common stock for each...

Farmers to Acquire Geauga-Based Maple Leaf Financial

CANFIELD, Ohio – Farmers National Banc Corp. has acquired Maple Leaf Financial, the holding company of Geauga Savings Bank. After the merger, all Geauga Savings Bank branches and ATMs will carry the Farmers National Bank name. “We are pleased to announce the acquisition of Geauga Savings Bank and welcome their customers and employees to Farmers. […]

CANFIELD, Ohio – Farmers National Banc Corp. has acquired Maple Leaf Financial, the holding company of Geauga Savings Bank. After the merger, all Geauga Savings Bank branches and ATMs will carry the Farmers National Bank name. “We are pleased to announce the acquisition of Geauga Savings Bank and welcome their...

FNB Named a Top Pittsburgh Area Workplace

PITTSBURGH, Pa. – First National Bank has been named as a Pittsburgh Top Workplace for the ninth consecutive year. As the largest subsidiary of the F.N.B Corp. with more than 400 employees, FNB was placed in the large-sized company category by the Pittsburgh Post-Gazette in its annual rankings of workplaces. Positions on the list were […]

PITTSBURGH, Pa. – First National Bank has been named as a Pittsburgh Top Workplace for the ninth consecutive year. As the largest subsidiary of the F.N.B Corp. with more than 400 employees, FNB was placed in the large-sized company category by the Pittsburgh Post-Gazette in its annual rankings of workplaces....