Spin-offSpun off from F.N.B
The two companies
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- Sector
- Financials
- Industry
- State Commercial Banks
- Exchange
- —
- State of incorporation
- FL
- Record date
- December 26, 2003
- Distribution date
- January 1, 2004
- Ratio
- 1:1
- Parent sector
- —
- Form
- 10-12B/A
- Filed
- December 22, 2003
Spin-off signals
score 1/3 favorable · factors, not advice- Tax-basis reportNone found
A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.
- Insider buying (post-spin)4 open-market buys
Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.
- Time since spin-off22.4 years
Studies find the spin-off return premium concentrates in roughly the first one to three years.
Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗
Filings & documents
Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.
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