Enhance Net Interest Margin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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PITTSBURGH, Dec. 10, 2020 /PRNewswire/ F.N.B. Corporation (NYSE: FNB) announced progress on multiple initiatives in line with its strategy to deliver strong returns on tangible common equity and create long-term shareholder value. These efforts include a continued focus on profitability through incremental expense reductions, strategic balance sheet actions taken to strengthen capital levels and liquidity, initiatives to enhance net interest margin moving forward and recent credit deferral improvement.
Operational Efficiency and Expense Reductions – In early December, FNB communicated plans to consolidate 21 retail locations as part of a $20 million cost-savings initiative in 2021 aimed at keeping expenses consistent with 2020 operating levels. Evolving changes in consumer preferences led to an acceleration of our branch optimization efforts. Significant growth in both mobile and online activation includes a nearly 18% increas ....

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