FNB Corp-PA Financial Update
F.N.B. Corporation of Pennsylvania, a diversified financial services company established in 1864, continues to play a significant role in the financial sector. Listed on the New York Stock Exchange, the company offers a comprehensive range of commercial and consumer banking and wealth management solutions across the United States. As of May 4, 2025, FNB Corp-PA’s close price stood at $13.65, with a market capitalization of $4.76 billion. The company’s 52-week high was $17.70 on November 24, 2024, and its 52-week low was $10.88 on April 6, 2025. The price-to-earnings ratio is currently 10.46.
Dividend Announcement
F.N.B. Corporation has declared a cash dividend of $0.12 per share on its common stock. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
ETF Market Movements
In recent developments, FNB Management Company RF Proprietary Limited has experienced significant changes in its ETF offerings. On May 7, 2025, the JSE Limited approved the partial delisting of 1,000,000 FNB MidCap ETF securities, effective from the commencement of business on May 9, 2025. Following this delisting, 74,352,103 FNB MidCap ETF securities will remain in issue.
Conversely, the JSE Limited has also approved the listing of an additional 500,000 FNB Global 1200 Equity FOF ETF securities. This listing, effective from the commencement of business on May 8, 2025, will be priced at R97.2753 per security.
Market Insights
In the broader market context, FNB Wealth and Investments provided insights into various market movements. Discussions included South Africa’s standing in Tracit’s annual illicit trade index, the impact of proposed film tariffs, and the introduction of smartphones priced at R99 by MTN SA. Additionally, market developments highlighted include the gold price, US interest rate expectations, OPEC’s supply announcements, and the performance of the rand.
Stokvel Deposits Surge
FNB reported a significant increase in stokvel deposits, reaching R13.3 billion, driven by the adoption of digital solutions that have fueled a group savings boom.
These developments underscore FNB Corp-PA’s active engagement in both its core banking operations and its strategic financial market activities.