FNB promotes Chan to Chief Strategy Officer

PITTSBURGH – First National Bank, a major subsidiary of F.N.B. Corporation (NYSE: FNB), has elevated Christopher Chan to the role of Executive Vice President and Chief Strategy Officer, a move announced by the bank today. The appointment comes as FNB, currently trading near its InvestingPro Fair Value with a market capitalization of $5.07 billion, continues to demonstrate strong financial performance with a P/E ratio of 11.06. Chan, who previously directed the Bank’s Corporate Strategy, will now report directly to Vincent J. Delie, Jr., the Chairman, President, and CEO of F.N.B. Corporation and First National Bank.

In his expanded role, Chan will oversee the advancement of the bank’s Clicks-to-Bricks digital strategy, managing the Digital Channels, eCommerce, Data Science, and Data Management and Governance teams. This strategic realignment is designed to optimize the use of data-driven analyses, forecasting models, financial information, and macroeconomic factors to foster the company’s continued growth. According to InvestingPro data, FNB has maintained impressive dividend payments for 51 consecutive years, demonstrating its commitment to shareholder value while pursuing technological advancement.

Vincent J. Delie, Jr. highlighted the importance of AI, data analytics, and digital technology in the bank’s operations and Chan’s contributions to strategic initiatives that have benefited the bank’s teams, customers, and shareholders. Chan’s promotion is part of a strategic effort to further integrate technology investment and digital capabilities into the bank’s growth plan.

F.N.B. Corporation will also be adding a Director of AI and Innovation to Chan’s team, focusing on enterprise AI implementation and fintech partnerships, as part of its broader digital ecosystem initiatives centered around its proprietary eStore®.

Chan brings a wealth of experience to his new position, with a background that includes roles at Balyasny Asset Management, Citadel Global Equities, and Morgan Stanley’s Financial Institutions Group. He has been with FNB for over five years and holds a Bachelor of Arts in Economics from Dartmouth College. His community involvement includes serving on the board of the Sweetwater Center for the Arts in Sewickley, Pennsylvania.

F.N.B. Corporation, headquartered in Pittsburgh, operates across seven states and the District of Columbia, with total assets of $49 billion and approximately 350 banking offices. The company offers a range of commercial banking, consumer banking, and wealth management solutions through its network of subsidiaries. With annual revenue of $1.52 billion and a current dividend yield of 3.47%, FNB maintains a FAIR financial health score according to InvestingPro analysis, which offers comprehensive research reports covering 1,400+ top US stocks, including detailed metrics and expert insights not found in regular financial coverage.

The information in this article is based on a press release statement from F.N.B. Corporation.

In other recent news, FNB Corporation reported its first-quarter 2025 results, showcasing strong pre-provision net revenue driven by balance sheet growth and stable credit trends. The company surpassed expectations for both pre-provision net revenue and earnings per share, maintaining its 2025 earnings outlook despite uncertainties related to tariffs. DA Davidson adjusted its price target for FNB Corporation to $17.00 from $19.00, while maintaining a Buy rating, citing a strong return profile and undervaluation. Meanwhile, Keefe, Bruyette & Woods upgraded FNB Corporation’s stock rating to Outperform, noting the company’s robust return on tangible common equity and potential for market share gains.

Raymond James also made changes, reducing the price target to $15.00 but affirming an Outperform rating, highlighting stable credit metrics and robust loan growth. The firm sees the current share price as an attractive entry point for investors. Additionally, DA Davidson reaffirmed a Buy rating with a $19.00 target, following FNB Corporation’s report of a 4% growth in loans and a 1% increase in deposits. The company’s tangible book value per share grew by 3.3% quarter-over-quarter and 12.4% year-over-year, strengthening its capital position.

In governance news, FNB Corporation’s shareholders approved all board nominees and executive compensation at the recent annual meeting. Ernst & Young LLP was ratified as the independent auditor for 2025 with overwhelming support. These developments reflect continued confidence in the company’s leadership and financial strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.