10 Most Undervalued Bank Stocks to Buy Now

7. F.N.B. Corp. (NYSE:FNB)

F.N.B. Corp. (NYSE:FNB) is one of the 10 most undervalued bank stocks to buy now.

Its efficient capital deployment makes it a quality name in the banking segment. On April 15, F.N.B. Corp. (NYSE:FNB) took two significant initiatives pertaining to the deployment of capital based on its very good financial performance in April. The corporation decided to distribute dividends of 13 cents per share on a quarterly basis, which is a penny more than its previous level.

Furthermore, it has also authorized a $250 million share repurchase program. Both decisions have been made with the unanimous approval of the board, due to the effective execution of their long-term strategy. The dividend will be paid out on June 15 for those shareholders who are recorded on the books as of June 1.

F.N.B. Corp. (NYSE:FNB) remains an undervalued banking stock offering growth prospects to investors through various commercial initiatives. Back on March 20, it announced a joint venture with Penn State, making FNB the designated and exclusive banking partner for all Penn State campuses that have an aggregate enrollment of almost 90,000 students and employ around 36,000 employees.

The entire banking partnership includes on-campus and online banking solutions offered by FNB through its innovative eStore technology system, along with other financial assistance programs and treasury management services. In addition, FNB has also become a Penn State Keystone Partner, gaining premium placement for its brand image and making greater contributions to the university’s programming efforts.

F.N.B. Corp. (NYSE:FNB) offers a range of financial products and services to individuals, governments, and businesses. It provides business banking, investment advisory, mortgage and consumer lending, insurance products, and more. Other offerings include business credit, securities brokerage, mobile and online banking, and capital market solutions.