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F.N.B. Corp. (FNB) in Hermitage, Pa., beat earnings estimates on strong net interest income.
October 18 -
The Federal Reserve Board on Tuesday met to vote on a final Basel III package, which represents the most significant overhaul of regulatory capital requirements for U.S. institutions.
July 2 -
F.N.B. Corp. in Hermitage, Pa., has agreed to buy BCSB Bancorp in Baltimore in a stock transaction valued at $79 million, or $23.77 a share. The acquisition is the company's third in less than eight months.
June 14 -
Investor Umberto Fedeli began pushing for changes at PVF Capital as early as 2007. After joining the board, helping the company turn itself around and eventually sell itself, he reflects on what it took to survive.
March 21
F.N.B. Corp. (FNB) in Hermitage, Pa., is planning to raise $150 million to prepare for new Basel III capital standards.
The $12.8 billion-asset company plans to offer $50 million of common stock and up to $100 million of perpetual preferred stock, it announced Monday. It will use the proceeds to implement Basel II requirements, buy back trust-preferred debt and support future growth, it said.
The underwriters of the common stock sale, J.P. Morgan Securities, Keefe, Bruyette & Woods and RBC Capital Markets, will be given the chance to buy an additional 15% of the shares sold.
U.S. banking regulators released their final Basel III capital rules in July, and the rules are set to take effect in January. The rules will require all banks to have a common equity Tier 1 capital ratio of 4.5%, a Tier 1 capital ratio of 6% and total capital of 8% of risk-weighted assets.
F.N.B. had a total risk-based capital ratio of 12.2%, a Tier 1 risk-based capital ratio of 10.7% and a leverage ratio of 8.4% as of the end of the third quarter.
The bank acquired PVF Capital in Cleveland this month, and has a pending deal to acquire BCSB Bancorp (BCSB) in Annapolis, Md.