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Video: What is a Stock Split?
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Bank holding company whose principal subsidiaries provide services such as checking NOW accounts savings and other time deposits of various types alternative investment products loans for businesses credit cards ATMs and other services. According to our FNC split history records, FNC has had 3 splits. | |
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FNC (FNC) has 3 splits in our FNC split history database. The first split for FNC took place on June 02, 1997. This was a 2 for 1
split, meaning for each share of FNC 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. FNC's second split took place on October 29, 1998. This was a 11 for 10
split, meaning for each 10
shares of FNC owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. FNC's third split took place on November 20, 2002. This was a 11 for 10 split, meaning for each 10 shares of FNC owned pre-split, the shareholder now owned 11 shares. For example, a 2200 share position pre-split, became a 2420 share position following the split.
When a company such as FNC 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 FNC split history from start to finish, an original position size of 1000 shares would have turned into 2420 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FNC shares, starting with a $10,000 purchase of FNC, presented on a split-history-adjusted basis factoring in the complete FNC split history.
FNC -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
06/02/1997 | 2 for 1
| 10/29/1998 | 11 for 10
| 11/20/2002 | 11 for 10 |
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