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FNB Corp 
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
FNB Corp is a financial services company headquartered in Pittsburgh, Pennsylvania. It is the parent company of First National Bank of Pennsylvania, which was established in 1864 and is the oldest bank headquartered in Pittsburgh. FNB Corp offers a wide range of banking and financial products and services, including personal and business banking, mortgage lending, investment management, and insurance services.
The company has a strong presence in the Northeastern and Mid-Atlantic regions of the United States, with over 400 branches and more than 2,700 employees. FNB Corp is focused on providing innovative and personalized banking solutions to its customers and has a strong commitment to community involvement and philanthropy.
In December 2021, FNB Corp announced that it will be merging with Woodforest National Bank, a Texas-based community bank, in a deal worth $5 billion. The merger is expected to be completed in mid-2022 and will create a regional bank with combined assets of over $100 billion.
The company has a strong presence in the Northeastern and Mid-Atlantic regions of the United States, with over 400 branches and more than 2,700 employees. FNB Corp is focused on providing innovative and personalized banking solutions to its customers and has a strong commitment to community involvement and philanthropy.
In December 2021, FNB Corp announced that it will be merging with Woodforest National Bank, a Texas-based community bank, in a deal worth $5 billion. The merger is expected to be completed in mid-2022 and will create a regional bank with combined assets of over $100 billion.
What is special about the company?
FNB Corp is a financial services company headquartered in Pittsburgh, Pennsylvania. It is one of the oldest and largest financial institutions in the United States, with a history dating back to 1864. Some reasons FNB Corp is special include its strong financial performance and stable growth over the years, its commitment to excellent customer service, and its focus on community involvement and corporate social responsibility. Additionally, FNB Corp has a wide range of products and services including banking, insurance, wealth management, and investment services, making it a one-stop-shop for all financial needs.
What the company's business model?
The FNB Corp company’s business model is primarily based on traditional banking activities such as loans, deposits, and other financial services for individual and business customers. They also offer investment management, wealth management, and insurance services through their subsidiary companies. Their revenue is generated through interest income, fees and commissions, and other sources such as investments and loan sales. They focus on building strong customer relationships and expanding their presence in their target markets through acquisitions and organic growth. Additionally, they emphasize technology and innovation to enhance their services and operational efficiency.
Interesting facts about the company
business that you might not know:
1. Founded in 1864
FNB Corp was founded in 1864 as the First National Bank of Pennsylvania. It was the first national bank in the state of Pennsylvania and was initially created to help finance the Civil War effort.
2. First bank to offer online banking
In 1983, FNB Corp became the first bank in the United States to offer online banking services to its customers. This was a huge breakthrough at the time and set the stage for the widespread use of online banking today.
3. Operates in several states
While FNB Corp was founded in Pennsylvania, it has expanded its operations to several states in the Northeast and Midwest regions of the United States. It currently has over 400 branches in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, and South Carolina.
4. One of the oldest publicly-owned banks in the US
FNB Corp is one of the oldest publicly-owned banks in the United States, with its shares traded on the New York Stock Exchange under the ticker symbol FNB.
5. Supporting education and communities
FNB Corp is committed to supporting education and communities through various programs and initiatives. It has an annual scholarship program for students attending colleges and universities within its market area and also partners with local organizations to provide financial education and support to underserved communities.
6. Partnership with Fidelity Investments
In 2006, FNB Corp entered into a strategic partnership with Fidelity Investments, a leading provider of investment management and financial services. This partnership allows FNB to offer its customers access to a wide range of investment products and services.
7. Award-winning bank
FNB Corp has received numerous awards and recognitions for its financial performance and customer service. In 2019, it was named the Best Bank in Pennsylvania by Money Magazine and was also recognized as a Forbes Best-in-State Bank for New Jersey, Pennsylvania, and West Virginia.
8. Focus on diversity and inclusion
FNB Corp is committed to fostering a diverse and inclusive workplace. It has been recognized by Forbes as one of America’s Best Employers for Diversity and has also received a perfect score on the Human Rights Campaign’s Corporate Equality Index for seven consecutive years.
9. Donations to COVID-19 relief efforts
In response to the COVID-19 pandemic, FNB Corp has donated over $1 million to relief efforts in the communities it serves. This includes donations to organizations providing food, shelter, and financial assistance to those in need.
10. Strong financial performance
Despite challenging economic conditions, FNB Corp has maintained a strong financial performance, with record levels of net income and total assets in 2020. This is a testament to its resilience and commitment to providing innovative and personalized financial solutions to its customers.
See Company Due Diligence:
1. Founded in 1864
FNB Corp was founded in 1864 as the First National Bank of Pennsylvania. It was the first national bank in the state of Pennsylvania and was initially created to help finance the Civil War effort.
2. First bank to offer online banking
In 1983, FNB Corp became the first bank in the United States to offer online banking services to its customers. This was a huge breakthrough at the time and set the stage for the widespread use of online banking today.
3. Operates in several states
While FNB Corp was founded in Pennsylvania, it has expanded its operations to several states in the Northeast and Midwest regions of the United States. It currently has over 400 branches in Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, and South Carolina.
4. One of the oldest publicly-owned banks in the US
FNB Corp is one of the oldest publicly-owned banks in the United States, with its shares traded on the New York Stock Exchange under the ticker symbol FNB.
5. Supporting education and communities
FNB Corp is committed to supporting education and communities through various programs and initiatives. It has an annual scholarship program for students attending colleges and universities within its market area and also partners with local organizations to provide financial education and support to underserved communities.
6. Partnership with Fidelity Investments
In 2006, FNB Corp entered into a strategic partnership with Fidelity Investments, a leading provider of investment management and financial services. This partnership allows FNB to offer its customers access to a wide range of investment products and services.
7. Award-winning bank
FNB Corp has received numerous awards and recognitions for its financial performance and customer service. In 2019, it was named the Best Bank in Pennsylvania by Money Magazine and was also recognized as a Forbes Best-in-State Bank for New Jersey, Pennsylvania, and West Virginia.
8. Focus on diversity and inclusion
FNB Corp is committed to fostering a diverse and inclusive workplace. It has been recognized by Forbes as one of America’s Best Employers for Diversity and has also received a perfect score on the Human Rights Campaign’s Corporate Equality Index for seven consecutive years.
9. Donations to COVID-19 relief efforts
In response to the COVID-19 pandemic, FNB Corp has donated over $1 million to relief efforts in the communities it serves. This includes donations to organizations providing food, shelter, and financial assistance to those in need.
10. Strong financial performance
Despite challenging economic conditions, FNB Corp has maintained a strong financial performance, with record levels of net income and total assets in 2020. This is a testament to its resilience and commitment to providing innovative and personalized financial solutions to its customers.
See Company Due Diligence:
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