Banking & Finance

FNB Declares $18.13 Cash Dividend of Preferred Stock

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, announced Wednesday that its board of directors declared a quarterly cash dividend of $18.13 per preferred share on the corporation’s noncumulative perpetual preferred stock Series E.

The dividend is payable May 15 to shareholders of record April 30.

F.N.B. reported a full-year 2017 net income of $191.16 million, or 63 cents per share, and is expected to report its first-quarter earnings of 2018 on April 24.

F.N.B. has total assets of $31 billion, and operates more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.

Published by The Business Journal, Youngstown, Ohio.