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YOUNGSTOWN, Ohio – If the Cleveland Browns ever make it to a Super Bowl, Ohio companies will have a reason to celebrate beyond the team making their first appearance on football’s biggest stage. In a study published last year, researchers found that companies with headquarters in the states of teams taking part in the NFL […]

YOUNGSTOWN, Ohio – If the Cleveland Browns ever make it to a Super Bowl, Ohio companies will have a reason to celebrate beyond the team making their first appearance on football’s biggest stage. In a study published last year, researchers found that companies with headquarters in the states of teams...

Farmers Reports Record 2018 Net Income of $32.56M

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., Wednesday reported fourth-quarter net income of $8.68 million, or 31 cents a share, and full-year 2018 net income of $32.56 million, or $1.16 a share, a 43.4% increase from the full-year 2017 net income of $22.71 million, or 82 […]

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., Wednesday reported fourth-quarter net income of $8.68 million, or 31 cents a share, and full-year 2018 net income of $32.56 million, or $1.16 a share, a 43.4% increase from the full-year 2017 net income...

Huntington Reports Record 2018 Net Income of $1.4B

COLUMBUS, Ohio — Huntington Bancshares Inc., holding company of Huntington Bank, Thursday reported fourth-quarter net income of $334 million, or 29 cents a common share, and full-year 2018 net income of $1.4 billion, or $1.20 per common share. This compares to third-quarter net income of $378 million, or 33 cents a share, and a 23% […]

COLUMBUS, Ohio — Huntington Bancshares Inc., holding company of Huntington Bank, Thursday reported fourth-quarter net income of $334 million, or 29 cents a common share, and full-year 2018 net income of $1.4 billion, or $1.20 per common share. This compares to third-quarter net income of $378 million, or 33 cents...

Too Many Regs: ‘Death by a Thousand Paper Cuts’

YOUNGSTOWN, Ohio – Ten years after the Great Recession, community banks and credit unions still need to comply with regulations put into place in response to the financial crisis, with little to no relief, even as the economy seems to be humming along. Although regulations are imposed with the best intentions – to maintain the […]

YOUNGSTOWN, Ohio – Ten years after the Great Recession, community banks and credit unions still need to comply with regulations put into place in response to the financial crisis, with little to no relief, even as the economy seems to be humming along. Although regulations are imposed with the best...

Cortland Bancorp Hits Record Income of $8.83M in 2018

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Wednesday reported fourth-quarter net income of $2.02 million, or 48 cents per share. The company also reported a record full-year net income of $8.83 million, or $2.04 per diluted share, double the earnings when compared to the $4.35 million, or 99 cents per diluted share […]

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Wednesday reported fourth-quarter net income of $2.02 million, or 48 cents per share. The company also reported a record full-year net income of $8.83 million, or $2.04 per diluted share, double the earnings when compared to the $4.35 million, or...

UCFC Reports 2018 Net Income Rises to $37M

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $9.55 million for the quarter ended Dec. 31, or 19 cents per diluted share, and full-year net income of $37.17 million, or 74 cents per diluted share, compared to $21.8 million in 2017 or 43.7 cents per share. […]

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $9.55 million for the quarter ended Dec. 31, or 19 cents per diluted share, and full-year net income of $37.17 million, or 74 cents per diluted share, compared to $21.8 million in 2017...

FNB Corp. Reports 4Q Net Income of $98M

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $98.11 million, or 30 cents per diluted common share, and full-year 2018 net income of $364.81 million, or $1.12 per share. This compares to third-quarter net income of $98.75 million, or 30 cents per common share, and fourth-quarter […]

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $98.11 million, or 30 cents per diluted common share, and full-year 2018 net income of $364.81 million, or $1.12 per share. This compares to third-quarter net income of $98.75 million, or 30 cents...

FNB Declares $18.13 Cash Dividend

PITTSBURGH – The board of director of F.N.B. Corp., holding company of First National Bank of Pennsylvania, has declared a quarterly cash dividend of $18.13 per share on F.N.B.’s non-cumulative perpetual preferred stock, Series E. The dividend is payable Feb. 15 to shareholders of record Jan. 31. F.N.B. has total assets of $33 billion, and […]

PITTSBURGH – The board of director of F.N.B. Corp., holding company of First National Bank of Pennsylvania, has declared a quarterly cash dividend of $18.13 per share on F.N.B.'s non-cumulative perpetual preferred stock, Series E. The dividend is payable Feb. 15 to shareholders of record Jan. 31. F.N.B. has total...

PNC Reports Full-Year Net Income of $5.3B

PITTSBURGH — PNC Financial Services Group today reported fourth-quarter net income of $1.351 billion, or $2.75 per diluted common share, and full-year net income of $5.346 billion, or $10.71 per diluted share. Fourth-quarter net income compares to $1.400 billion the third quarter, or $2.82 per diluted share, and fourth-quarter 2017 income of $2.091 billion, or […]

PITTSBURGH — PNC Financial Services Group today reported fourth-quarter net income of $1.351 billion, or $2.75 per diluted common share, and full-year net income of $5.346 billion, or $10.71 per diluted share. Fourth-quarter net income compares to $1.400 billion the third quarter, or $2.82 per diluted share, and fourth-quarter 2017...

PNC to Acquire Ambassador Financial Group

PITTSBURGH – PNC Bank has reached a definitive agreement to acquire Ambassador Financial Group Inc., a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies and other financial institutions. Terms were not disclosed. Upon the closing of the transaction, AFG will become a subsidiary of PNC Bank within its […]

PITTSBURGH – PNC Bank has reached a definitive agreement to acquire Ambassador Financial Group Inc., a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies and other financial institutions. Terms were not disclosed. Upon the closing of the transaction, AFG will become a subsidiary...