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FNB Stock Offering Yields $125.8 Million

Stock quotes in this article: FNB  

HERMITAGE, Pa. (AP) — F.N.B. Corp. on Tuesday said it completed a stock offering, raising about $125.8 million.

The financial services firm said it sold 24.2 million shares at $5.50 each, including 3.2 million shares purchased by the underwriters, who exercised their over-allotment option in full.

The capital raised will strengthen the company's balance sheet, said Stephen J. Gurgovits, president and chief executive. ...

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