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F.N.B. reports earnings

on October 20, 2013 1:50 AM

F.N.B. Corp. has declared a quarterly cash dividend of 12 cents per share on the bank’s common stock.

The dividend is payable Dec. 15 to shareholders of record as of the close of business on Dec. 2.

F.N.B. also reported net income of $31.6 million, or 22 cents per diluted share in the third quarter, compared to net income of $29.2 million, or 20 cents per diluted share last quarter $30.7 million, or 22 cents per diluted share in the third quarter of 2012.

On an operating basis, third-quarter operating net income was $32.2 million, or 22 cents per diluted share, compared to operating net income of $30.1 million, or 21 cents per diluted share, in the second quarter and $29.9 million, or 21 cents per diluted share, in the third quarter of 2012. Operating results are adjusted for merger-related costs and certain nonoperating gains.

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