F.N.B. Corp. has record 3rd quarter
HERMITAGE, Pa. – F.N.B. Corp. on Friday reported a record third quarter ended Sept. 30 with net income of $31.6 million compared to $29.2 million in the second quarter and $30.7 million this time last year.
“We continue to be pleased with the strong results achieved company wide,” said Vincent J. Delie, president and Chief Executive Officer. He attributed the increase to success at loan and deposit growth.
The bank’s acquisition of Park View was completed Oct. 12, significantly expanding the bank’s presence to 29 total locations in eastern Ohio with 18 locations in the greater Cleveland area.
“The Cleveland market complements our existing footprint and presents favorable organic growth opportunities. This expansion further solidifies our strategy to establish a meaningful presence in the major metropolitan markets of Pittsburgh, Baltimore and Cleveland and we look forward to delivering future success,” Delie said.