Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Tue, May 24, 5:45 PM
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Slide #440. F.N.B. Corporation — Preferred Stock Offering
F.N.B. Corporation (NYSE:FNB)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
F.N.B. Corporation (NYSE: FNB) (the "Company" or "F.N.B.") today announced the pricing of a public offering of 4.0 million depositary shares, each representing a 1/40th interest in a share of its 7.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E at a public offering price of $25.00 per depositary share. The offering is expected to close on November 1, 2013, subject to customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase an additional 600,000 of depositary shares on the same terms and conditions.
FNB is a bank holding company and a financial holding company. Through its subsidiaries, Co. provides a range of financial services to consumers, corporations, governments and small- to medium-sized businesses in its market areas. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. Consumer banking provides a line of consumer banking products and services including deposit products, mortgage lending, consumer lending and a suite of mobile and online banking services. Wealth management services include asset management, private banking and insurance.
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Buy (3.37 out of 4)
(ranked lower than approx. 56% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com