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Briefcase

Business news of local interest

STATE COLLEGE

Kish Bank income down

Kish Bancorp Inc., parent company of Kish Bank, reported net income of $5.3 million, or $1.76 per share, for the first quarter of 2026, compared to $5.5 million, or $1.84 per share, for the fourth quarter of 2025, and $3.6 million, or $1.21 per share, for the first quarter of 2025.

Results for the first quarter of 2026 included an $845,000 provision for credit losses, compared to a $393,000 provision expense in the fourth quarter of 2025, and a $159,000 provision expense in the first quarter of 2025. All results are unaudited.

Kish Bancorp Inc. is a diversified financial services corporation headquartered in Belleville, with executive offices in State College and an Innovation Center in Reedsville.

PITTSBURGH

FNB announces strategy

F.N.B. Corp. announced today two strategic actions to deploy capital, resulting from sustained exceptional financial performance to continue to benefit FNB shareholders.

In addition to declaring a quarterly cash dividend of $0.13 per share on common stock, representing a one cent per share increase from the prior quarterly cash dividend, the company authorized a new $250 million share repurchase program. Both actions were unanimously approved by the Board of Directors based on FNB executive management’s development and execution of its long-term strategic plans.

FNB’s quarterly stock dividend is payable on June 15 to shareholders of record as of the close of business on June 1. The new share repurchase program authorizes the company to repurchase up to $250 million of its outstanding shares of common stock, adding to the remaining $50 million from the prior share repurchase program authorized in April 2022.

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