Accessibility StatementSkip Navigation Named One of America's Most Admired Workplaces by Newsweek and a Greater Pittsburgh Top Workplace for 15th Consecutive Year PITTSBURGH, Sept. 11, 2025 /PRNewswire/ -- F.N.B. Corporation announced today that its largest subsidiary, First National Bank, has been recognized by Newsweek as one of America's Most Admired Workplaces for 2026. The Company has received the award for the second consecutive year following its commencement in 2025. Additionally, 2025 marks the f ...

Core Viewpoint - F.N.B. Corp. plans to expand its branch network by adding approximately 30 new branches over the next five years, focusing on North Carolina, South Carolina, and the Mid-Atlantic Region, including Maryland, Virginia, and Washington, D.C. [1][8] Group 1: Expansion Strategy - The expansion builds on F.N.B. Corp's successful strategy in South Carolina, where it has invested significantly, opening five branches and around 160 branded ATMs, leading to a more than doubling of total deposits since entering the state [2][4] - With the new branches, FNB will operate about 380 locations and over 1,600 ATMs, including more than 110 branches and 500 ATMs in the Carolinas [3][8] - The new offices will feature modern designs and advanced banking technology, including ATMs with video chat capabilities and access to an eStore for product exploration [3][8] Group 2: Leadership Insights - Vincent J. Delie, Jr., chairman, president, and CEO of F.N.B. Corp, emphasized the effectiveness of the business model and commitment to client service, highlighting the omnichannel experience through the Clicks-to-Bricks strategy [4] - The expansion aligns with the company's strategy to boost revenues and loans, further supported by the recent acquisition of Raptor Partners LLC to enhance capital markets capabilities [4] Group 3: Market Performance - F.N.B. Corp's shares have increased by 17.3% over the past six months, outperforming the industry growth of 12% [7]

The Company Plans to Add Nearly 30 New Concept Branch Locations Featuring Its eStore® Origination PlatformPITTSBURGH, Sept. 2, 2025 /PRNewswire/ -- First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced today it plans to add nearly 30 new branches to its network during the next five years. The majority of the planned branches will advance and support FNB's significant expansion in North Carolina, South Carolina and the Bank's Mid-Atlantic Region, which spans Maryland, Virgi ...

Core Insights - First National Bank, a subsidiary of F.N.B. Corporation, has appointed Alfred D. Cho as Chief Consumer Banking Officer, succeeding Barry Robinson [1][2] - Cho brings over 25 years of experience in strategic consulting, investment banking, and financial institutions, having worked with major firms like J.P. Morgan and Bank of America [2] - The bank aims to leverage Cho's strategic mindset to enhance its retail banking capabilities and continue its growth trajectory [3] Company Overview - F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, and operates in seven states and the District of Columbia, with total assets nearing $50 billion [4] - The company has approximately 350 banking offices across major metropolitan areas, including Pittsburgh, Baltimore, and Charlotte [4] - FNB offers a comprehensive range of services, including commercial banking, consumer banking, and wealth management solutions [5] Leadership Transition - Barry Robinson, the former Chief Consumer Banking Officer, has retired after 15 years of service, during which he contributed significantly to the bank's growth [3] - Cho expressed his appreciation for FNB's leadership and culture, indicating a commitment to driving the bank's success [3] Strategic Focus - The bank's strategy includes enhancing its physical network and digital services, exemplified by its eStore® platform [3] - FNB's consumer banking segment encompasses a full line of products, including deposit accounts, mortgage lending, and online banking services [5]

Core Insights - F.N.B Corporation has appointed Frank Schiraldi as the Director of Corporate Strategy for its banking subsidiary, First National Bank, to enhance growth strategies and corporate decision-making [1][2] Company Overview - F.N.B. Corporation is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, operating in seven states and the District of Columbia, with total assets nearing $50 billion and approximately 350 banking offices [5][6] - The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network, with First National Bank of Pennsylvania being the largest affiliate [6] Leadership and Strategy - Frank Schiraldi, who has over 20 years of experience in the banking sector, previously served as Managing Director and Senior Research Analyst at Piper Sandler, specializing in regional banking [3][4] - Schiraldi's role involves leading a team that analyzes business metrics, financial information, and macroeconomic factors to strategically position the company for growth [2][4] - The corporate strategies team is now integrated with experts in digital technology, AI, and data science, highlighting the importance of these areas in strategic planning [4] Market Position - F.N.B. Corporation's common stock trades on the New York Stock Exchange under the symbol "FNB" and is included in the S&P MidCap 400 Index [7]

[PART I – FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents F.N.B. Corporation's unaudited consolidated financial statements, including balance sheets, income statements, and notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to $49.7 billion by June 30, 2025, driven by loan growth, with liabilities and equity also rising Consolidated Balance Sheet Summary (in millions) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$49,725** | **$48,625** | | Net Loans and Leases | $34,247 | $33,516 | | Investment Securities (AFS & HTM) | $7,695 | $7,445 | | Goodwill | $2,480 | $2,478 | | **Total Liabilities** | **$43,201** | **$42,323** | | Total Deposits | $37,748 | $37,107 | | Total Borrowings (Short & Long-term) | $4,568 | $4,268 | | **Total Shareholders' Equity** | **$6,524** | **$6,302** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Q2 2025 net income increased to $130 million ($0.36 diluted EPS), driven by a rise in net interest income Income Statement Highlights (in millions, except per share data) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Interest Income | $583 | $557 | $1,142 | $1,100 | | Net Interest Income | $348 | $316 | $671 | $635 | | Provision for credit losses | $26 | $20 | $43 | $34 | | Total Non-Interest Income | $91 | $88 | $179 | $176 | | Total Non-Interest Expense | $247 | $227 | $493 | $464 | | **Net Income** | **$130** | **$123** | **$247** | **$245** | | **Diluted EPS** | **$0.36** | **$0.34** | **$0.68** | **$0.66** | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section details accounting policies and financial data, covering investment securities, loans, credit losses, and more - F.N.B. Corporation is a diversified financial services company with **351 branches** across seven states and the District of Columbia, offering commercial banking, consumer banking, and wealth management solutions[16](index=16&type=chunk)[17](index=17&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=58&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses F.N.B. Corporation's strong Q2 2025 financial performance, covering operations, condition, liquidity, and capital [Financial Summary](index=60&type=section&id=Financial%20Summary) Q2 2025 saw strong financial results, including record revenue, high capital levels, and significant balance sheet growth - The company reported strong Q2 2025 results, including **record revenue of $438.2 million**, a **CET1 ratio of 10.8%**, and a **13% year-over-year increase in tangible book value per common share** (non-GAAP)[180](index=180&type=chunk)[182](index=182&type=chunk) - Balance sheet highlights for Q2 2025 include linked-quarter annualized average loan and deposit growth of **5.3%** and **1.7%**, respectively, and a significant decline in non-performing loans by **$44 million (27.5%)** from the prior quarter[180](index=180&type=chunk)[182](index=182&type=chunk) [Results of Operations](index=63&type=section&id=Results%20of%20Operations) Q2 2025 saw net interest income grow 9.9% to $347.2 million, while non-interest expense increased 8.7% Q2 2025 vs Q2 2024 Performance (in thousands) | Metric | Q2 2025 | Q2 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $347,196 | $315,890 | $31,306 | 9.9% | | Provision for Credit Losses | $25,601 | $20,189 | $5,412 | 26.8% | | Non-Interest Income | $91,015 | $87,922 | $3,093 | 3.5% | | Non-Interest Expense | $246,225 | $226,612 | $19,613 | 8.7% | | Net Income | $130,670 | $123,037 | $7,633 | 6.2% | - Net interest margin (FTE, non-GAAP) increased **10 basis points** year-over-year to **3.19%** in Q2 2025, benefiting from growth in earning assets and lower interest-bearing deposit costs[185](index=185&type=chunk)[191](index=191&type=chunk) - Non-interest expense increased primarily due to a **7.4% rise in salaries and benefits** from strategic hiring and a **10.1% increase in occupancy and equipment costs** from technology investments and branch expansion[185](index=185&type=chunk)[206](index=206&type=chunk) [Financial Condition](index=78&type=section&id=Financial%20Condition) Total assets reached $49.7 billion by June 30, 2025, with growth in loans and deposits, and improved asset quality Loan Portfolio Composition (in millions) | Loan Type | June 30, 2025 | Dec 31, 2024 | $ Change | | :--- | :--- | :--- | :--- | | Total commercial loans and leases | $21,198 | $21,164 | $34 | | Total consumer loans | $13,481 | $12,775 | $706 | | **Total loans and leases** | **$34,679** | **$33,939** | **$740** | Non-Performing Assets (in millions) | Category | June 30, 2025 | Dec 31, 2024 | $ Change | | :--- | :--- | :--- | :--- | | Total non-performing loans | $117 | $159 | ($42) | | Other real estate owned | $2 | $3 | ($1) | | **Total non-performing assets** | **$119** | **$162** | **($43)** | - The Allowance for Credit Losses (ACL) on loans and leases increased to **$432.1 million**, representing a stable coverage ratio of **1.25%** of total loans[242](index=242&type=chunk) [Capital Resources and Regulatory Matters](index=81&type=section&id=Capital%20Resources%20and%20Regulatory%20Matters) The company maintains a strong capital position, exceeding regulatory thresholds, with a record CET1 ratio of 10.8% F.N.B. Corporation Capital Ratios | Ratio | June 30, 2025 | Minimum + Buffer | | :--- | :--- | :--- | | CET1 | 10.79% | 7.00% | | Tier 1 capital | 10.79% | 8.50% | | Total capital | 12.50% | 10.50% | | Leverage | 8.78% | 4.00% | - The company repurchased **0.7 million shares** of common stock for **$10.0 million** during the second quarter of 2025[250](index=250&type=chunk) [Liquidity](index=83&type=section&id=Liquidity) The company maintains a strong liquidity position with $755.7 million cash on hand and significant wholesale credit availability - Parent company cash on hand stood at **$755.7 million** as of June 30, 2025, with liquidity metrics well above internal limits[262](index=262&type=chunk)[264](index=264&type=chunk) - The bank (FNBPA) has significant unused wholesale credit availability of **$15.9 billion** and **$3.1 billion** in cash and salable unpledged government securities, representing **6.4%** of total assets[269](index=269&type=chunk) [Market Risk](index=86&type=section&id=Market%20Risk) The company manages interest rate risk, with a slightly asset-sensitive balance sheet, actively reducing sensitivity through various strategies Net Interest Income Sensitivity (Rate Ramps) | Rate Change | NII Change over 12 months | | :--- | :--- | | +200 bps | +2.3% | | +100 bps | +1.2% | | -100 bps | -1.2% | | -200 bps | -2.5% | - The company's interest rate risk position is slightly asset sensitive, but management has taken actions to move it closer to a neutral position, reducing the 12-month cumulative repricing gap to **3.3% of assets** from **4.5%** at year-end 2024[279](index=279&type=chunk)[281](index=281&type=chunk)[282](index=282&type=chunk) - In Q2 2025, the company executed **$250 million notional** of receive-fixed interest rate swaps to hedge variable rate commercial loans and lower asset sensitivity[283](index=283&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=95&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section incorporates by reference the detailed discussion on market risk from Management's Discussion and Analysis - The information regarding market risk is provided in the Market Risk section of the MD&A and is incorporated here by reference[310](index=310&type=chunk) [Controls and Procedures](index=95&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that FNB's disclosure controls and procedures were effective as of June 30, 2025, with no material changes - Management concluded that disclosure controls and procedures were effective as of the end of the period covered by the report[311](index=311&type=chunk) - No changes occurred during the fiscal quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[313](index=313&type=chunk) [PART II – OTHER INFORMATION](index=96&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=96&type=section&id=Item%201.%20Legal%20Proceedings) This section details a settlement with the DOJ and North Carolina regarding fair lending concerns, involving mortgage subsidies - The company reached a settlement with the DOJ and North Carolina regarding fair lending concerns related to a predecessor bank's activities prior to a 2017 merger. The settlement includes a **$11.75 million commitment** for mortgage subsidies, which is part of an existing community program and did not include civil money penalties[137](index=137&type=chunk)[314](index=314&type=chunk) [Risk Factors](index=96&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the 2024 Annual Report on Form 10-K and Q1 2025 Form 10-Q - There have been no material changes to the risk factors described in the company's 2024 Annual Report on Form 10-K and the Q1 2025 Form 10-Q[315](index=315&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=96&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) F.N.B. Corporation repurchased 725,000 shares of common stock at $13.85 per share during Q2 2025 as part of its program Common Stock Purchases - Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | — | $— | | May 2025 | — | $— | | June 2025 | 725,000 | $13.85 | | **Total** | **725,000** | **$13.85** | [Other Information](index=97&type=section&id=Item%205.%20Other%20Information) No director or officer adopted, modified, or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements in Q2 2025 - No director or officer adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during the three months ended June 30, 2025[320](index=320&type=chunk)

Market Overview - U.S. stocks experienced a significant decline due to escalating trade tensions and disappointing labor data, leading to a broad sell-off on Wall Street [1][10] - The Dow Jones Industrial Average fell by 542.40 points (1.23%) to close at 43,588.58, while the S&P 500 decreased by 1.60% to 6,238.01, and the Nasdaq Composite dropped by 2.24% to 20,650.13 [3] Employment Data - Nonfarm payrolls increased by only 73,000 in July, significantly below consensus expectations, and June's job creation was revised down from 147,000 to just 14,000, indicating a deeper slowdown in the labor market [2] - These labor market developments have raised the likelihood of a Federal Reserve interest rate cut in September [2] Investment Opportunities - In the current market environment, value stocks are highlighted as attractive investment options due to their potential safety margin during periods of uncertainty [3][10] - Companies such as CVS Health Corporation (CVS), Integer Holdings Corporation (ITGR), Associated Banc-Corp (ASB), and F.N.B. Corporation (FNB) are noted for their low Price to Cash Flow (P/CF) ratios, indicating strong financial health [4][10] Valuation Metrics - The P/CF ratio is emphasized as a reliable valuation metric, as it reflects a company's cash flow generation relative to its market price, providing a clearer picture of financial health compared to earnings metrics [5][6] - Positive cash flow is crucial for a company's liquidity, enabling it to manage debt, reinvest, and undertake shareholder-friendly actions [7] Stock Selection Criteria - A comprehensive approach to identifying value stocks includes considering multiple metrics such as price-to-book ratio, price-to-earnings ratio, and price-to-sales ratio, alongside a favorable Zacks Rank and Value Score [8][11][12] - Specific parameters for selecting true-value stocks include a P/CF ratio less than or equal to the industry median, a minimum stock price of $5, and a Zacks Rank of 1 or 2 [9][13] Company Highlights - CVS Health has a Zacks Rank of 2, with projected sales growth of 3.9% and EPS growth of 14.6% for the current financial year, and shares have increased by 8.1% over the past year [14] - Integer Holdings also holds a Zacks Rank of 2, with expected sales growth of 7.8% and EPS growth of 20.2%, although shares have decreased by 3.4% in the past year [15] - Associated Banc-Corp, with a Zacks Rank of 2, anticipates sales growth of 11.5% and EPS growth of 8.4%, with shares rising by 19.2% in the past year [16] - F.N.B. Corporation, also ranked 2, expects sales growth of 6.2% and EPS growth of 2.2%, with shares increasing by 9.6% over the past year [17]

Core Viewpoint - F.N.B. Corporation (FNB) is identified as a potential stock pick due to a recent "golden cross" event and positive earnings outlook, suggesting a bullish trend ahead [1][4]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), indicating a potential bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend followed by a crossover of moving averages, and finally an upward price movement [3]. Stock Performance - FNB shares have increased by 7.8% over the past four weeks, indicating positive momentum [4]. - The company holds a 2 (Buy) rating on the Zacks Rank, reinforcing the bullish outlook for FNB [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with three revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. - The combination of the technical indicator and positive earnings revisions suggests that investors should consider adding FNB to their watchlist [5].

Group 1 - First National Bank has promoted Brian Mancos to Director of Human Resources and Corporate Services, succeeding Charles Casalnova [1][2] - Mancos has over a decade of experience as Senior Corporate Counsel at FNB and will report directly to Vincent J. Delie, the Chairman, President, and CEO [2][4] - Delie emphasized the company's focus on internal talent development and Mancos' unique qualifications to enhance the company's culture of collaboration and innovation [4] Group 2 - F.N.B. Corporation is a diversified financial services company with total assets of nearly $50 billion and approximately 350 banking offices across several states and the District of Columbia [5][6] - The company operates in major metropolitan areas including Pittsburgh, Baltimore, Cleveland, Washington D.C., and several cities in North Carolina and South Carolina [5] - FNB offers a comprehensive range of services including commercial banking, consumer banking, and wealth management solutions [6]

Core Insights - F.N.B. Corporation has introduced business deposit products to its eStore Common application, allowing customers to apply for both business and personal banking products through a single universal process, enhancing digital innovation in the financial services industry [1][2][4] Group 1: Product Offering - The eStore Common app now includes business deposit products, such as the Business First bundled checking solution, which offers advanced reporting tools and fraud mitigation services [4] - FNB plans to add business loan products to the eStore Common app in 2026, further expanding its offerings [4] Group 2: Customer Experience - The application process is streamlined, with most applications taking approximately seven minutes to complete, resulting in a 30% time savings for customers applying for multiple products simultaneously [3] - The eStore Common app features data prefilling technology and allows for easy document uploads, enhancing the overall customer experience [6] Group 3: Digital Strategy and Growth - FNB's digital platform, powered by AI and a data warehouse, automates personalized product recommendations and account opening processes, contributing to a 108% increase in eStore Common app submissions between Q1 and Q2 of 2025 [5] - The company is leveraging AI and automation to provide personalized, data-driven recommendations for additional products and services, indicating a strong focus on digital-first banking [5] Group 4: Company Overview - F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, and operates in seven states and the District of Columbia, with total assets nearing $50 billion and approximately 350 banking offices [8] - The company offers a comprehensive range of financial services, including commercial banking, consumer banking, and wealth management solutions [9][10]