US regional bank F.N.B. gains after unveiling new $250 million buyback program

FNB

15/04/2026 14:22

** Shares of U.S. regional bank F.N.B. Corp FNB.N rise 1.6% to $18.02 premarket

** FNB late on Tuesday unveiled a new $250 million share repurchase program

** Company also boosts quarterly dividend by 8% to $0.13 per share

** "The announcement is a net positive, though somewhat anticipated, as management has previously conveyed the potential for near-term dividend increases," Raymond James analyst Daniel Tamayo says

** The announcement is further confirmation of FNB's preference to deploy capital organically and return excess capital to shareholders vs evaluating meaningful M&A opportunities, says Tamayo

** All eight brokerages covering the stock rate "buy" or higher; median PT $20 - data compiled by LSEG

** As of last close, FNB shares up 3.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))