PR Newswire
PITTSBURGH, Dec. 10, 2020
PITTSBURGH, Dec. 10, 2020 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced progress on multiple initiatives in line with its strategy to deliver strong returns on tangible common equity and create long-term shareholder value. These efforts include a continued focus on profitability through incremental expense reductions, strategic balance sheet actions taken to strengthen capital levels and liquidity, initiatives to enhance net interest margin moving forward and recent credit deferral improvement.
"As we move into 2021, the execution of our strategic initiatives is designed to strengthen capital levels and profitability through improving operational efficiency and enhancing net interest margin," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank. "Throughout the course of the COVID-19 pandemic, we have remained focused on serving all our stakeholders and positioning FNB for sustained success."
Further details will be provided related to 2021 expectations on the fourth quarter 2020 earnings conference call in January 2021.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in eight states and the District of Columbia. FNB's market coverage spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of more than $37 billion and approximately 350 banking offices with operations throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia and the District of Columbia.
FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network, which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.
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SOURCE F.N.B. Corporation
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