F.N.B. reports income increase

PITTSBURGH — F.N.B. Corp., parent of First National Bank of Pennsylvania, reported net income of $50.2 million available to common shareholders, or 24 cents per common share, for the 2016 third quarter.

That compares with this year’s second quarter, when the net income available to stockholders was $39.3 million, or 19 cents per share, and third-quarter 2015 net income of $38 million, or 22 cents a share, according a company news release.

President / CEO Vincent J. Delie stated, “F.N.B. delivered another strong performance” with operating net income per diluted share increasing 9 percent compared with the prior quarter and record operating net income of $50.4 million.

The F.N.B. Board of Directors declared a quarterly cash dividend of 12 cents per share on the company’s common stock, payable Dec. 15 to shareholders of record as of the close of business Dec. 1.

Pittsburgh-based F.N.B. has more than 400 banking offices throughout Ohio, Pennsylvania, Maryland, West Virginia, North Carolina and South Carolina.