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 Video: What is a Stock Split?
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| FNB United is a bank holding company. Through its two bank subsidiaries: CommunityOne Bank, N.A. and Bank of Granite, Co. provides a line of consumer, mortgage and business banking services, including loan, deposit, cash management, investment management and trust services, to individual and business customers through operations located in Alamance, Alexander, Ashe, Burke, Caldwell, Catawba, Chatham, Gaston, Guilford, Iredell, Mecklenburg, Montgomery, Moore, Orange, Randolph, Richmond, Rowan, Scotland, Watauga and Wilkes counties in North Carolina. As of Dec 31 2011, Co. had total assets of $2.41 billion and deposits of $2.13 billion. According to our FNBN split history records, FNBN has had 1 split. | |
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FNBN (FNBN) has 1 split in our FNBN split history database. The split for FNBN took place on March 19, 1998. This was a 2 for 1
split, meaning for each share of FNBN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as FNBN splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FNBN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FNBN shares, starting with a $10,000 purchase of FNBN, presented on a split-history-adjusted basis factoring in the complete FNBN split history.
FNBN -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 03/19/1998 | 2 for 1
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