F.N.B. Corp. unveils second quarter earnings
F.N.B. Corp. reported earnings for the second quarter of 2018 with net income of $83.2 million, or 26 cents per share.
Comparatively, second quarter of 2017 net income totaled $72.4 million, or 22 cents per share and 2018 first quarter net income of $84.8 million, or 26 cents per share.
The company has total assets of $32 billion, and more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.
Applebee’s to raise funds for Alex’s Lemonade Stand
Applebee’s Neighborhood Grill + Bar in Ebensburg will team up with Central Cambria High School on Aug. 11 to host a 5K event to raise awareness and funds for Alex’s Lemonade Stand Foundation.
Registration will begin at 8 a.m. with the event starting at 9 a.m. on the Central Cambria High School campus. The cost to participate is $25, if registering in advance, and $30, if registering on site. Those who register in advance will receive a commemorative T-shirt.
Those who register early can sign up by Saturday by filling out a form, available in person at the Ebensburg Applebee’s, 222 Jamesway Road, or by calling the restaurant at 472-4239 and asking to speak with management staff.
Northwest Bancshares announces earnings
Northwest Bancshares Inc. announced net income for the quarter ended June 30 of $26.3 million, or 25 cents per share.
This is a decrease of $4.7 million, or 15.1 percent, compared with the same quarter last year when net income was $31 million, or 30 cents per share.
The prior year’s quarterly earnings were augmented by the sale of the company’s three Maryland offices for a profit of $17.2 million, or approximately $10.3 million after tax.
Meanwhile, the company’s board declared a quarterly cash dividend of 17 cents per share payable on Aug. 16 to shareholders of record as of Aug. 2. This is the 95th consecutive quarter in which the company has paid a cash dividend.
Northwest Bancshares is the holding company of Northwest Bank.