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PITTSBURGH
F.N.B. adds to eStore
F.N.B. Corp. and its banking subsidiary, First National Bank, announced that consumers can now use the FNB eStore Common account application to apply for both loan and deposit products simultaneously. By making it possible to apply for consumer loan and deposit products with a single convenient application, FNB has taken another step in its journey as one of the first banks to offer a universal application experience for nearly all its products and services.
The company plans to continue to enhance the platform with the inclusion of small business loan and deposit products in 2024. The addition of consumer deposit products -- and the continued ability to apply for multiple products at the same time -- makes it even faster for customers to acquire products and services that address the complete range of their financial needs.
To access eStore, FNB's proprietary digital engagement platform, and explore the eStore Common application, visit FNB Direct Mobile Banking, FNB-online.com or an FNB branch.
PITTSBURGH
F.N.B. reports 4Q earnings
F.N.B. Corp. reported earnings for the fourth quarter of 2023 with net income available to common stockholders of $48.7 million, or $0.13 per diluted common share. Comparatively, fourth quarter of 2022 net income available to common stockholders totaled $137.5 million, or $0.38 per diluted common share, and third quarter of 2023 net income available to common stockholders totaled $143.3 million, or $0.40 per diluted common share.
On an operating basis, fourth quarter of 2023 earnings per diluted common share (non-GAAP) was $0.38, excluding $114.0 million (pre-tax) of significant items impacting earnings.
As part of its ongoing proactive balance sheet management strategy, FNB completed the sale of approximately $650 million of available-for-sale investment securities in mid-December and transferred $355 million of indirect auto loans to held-for-sale.
The sale of $650 million in available-for-sale investment securities resulted in a realized loss (pre-tax) of $67.4 million in the fourth quarter of 2023.