FNB United Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss before income taxes of $67.68 million, net loss to common shareholders of $67.49 million or $5.98 per basic and diluted share compared to loss before income taxes of $3.28 million, net loss to common shareholders of $1.71 million or $0.15 per basic and diluted share for the same period a year ago. Total interest income was $26.5 million compared to $28.19 million for the same period a year ago. For the nine months ended September 30, 2009, the company reported loss before income taxes of $78.7 million, net loss to common shareholders of $75.71 million or $6.63 per basic and diluted share compared to loss before income taxes of $87.39 million, net loss to common shareholders of $1.12 million or $0.07 per basic and diluted share for the same period a year ago. Total interest income was $77.9 million compared to $87.39 million for the same period a year ago. The company reported net operating losses were $73.7 million. The company recognized charged off goodwill of $52.4 million, and took an Other Than Temporary Impairment (OTTI) write-down of $4.0 million on a specific investment security. The non-cash goodwill impairment charge represents the write-off of FNB United's remaining goodwill recorded from prior bank acquisitions. The goodwill impairment charge does not affect liquidity, operations, tangible capital or the corporation's regulatory capital ratios.

FNB United Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).

FNB United Corp. announced plans to discontinue the quarterly cash dividend due to the current uncertainty in the markets and strengthen its capital position.