Slide 1: F.N.B. Corporation Earnings Presentation Fourth Quarter 2025
F.N.B. Corporation Earnings Presentation Fourth Quarter 2025 January 21, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate to historical facts and that are based on current assumpt
Slide 3: Use of Non-GAAP Financial Measures and Key Performance Indicators
Use of Non-GAAP Financial Measures and Key Performance Indicators To supplement our Consolidated Financial Statements presented in accordance with GAAP, we use certain non-GAAP financial measures, such as operating net income available to common shareholders, operating earnings per diluted common sh
Slide 4: Financial Highlights
Financial Highlights Fourth Quarter 2025 Highlights ❖ Earnings per diluted common share of $0.47 and operating earnings per diluted common share(1) (non-GAAP) of $0.50. o Full-year 2025 earnings per diluted common share of $1.56 and operating earnings per diluted common share(1) (non- GAAP) of $1.59
Slide 5: Strong Financial Performance
Strong Financial Performance Solid Profitability 16.3% 1.44% 53.8% 3.28% Metrics ROATCE(1) ROATA(1) Efficiency Net Interest Quarter Ended December 31, 2025 Ratio(1)(2) Margin(1)(2) Significant Capital, 8.9% 11.4% 1.26% 89.7% Reserves & Liquidity TCE/TA(1) CET1(5) ACL Ratio Loan-to-Deposit as of Dece
Slide 6: Fourth Quarter Financial Highlights
Fourth Quarter Financial Highlights 4Q25 3Q25 4Q24 2025 2024 Net income available to common shareholders (millions) $168.7 $149.5 $109.9 $565.4 $459.3 Reported Earnings per diluted common share $0.47 $0.41 $0.30 $1.56 $1.27 Results Book value per common share $18.92 $18.52 $17.52 Operating net incom
Slide 7: Asset Quality
Asset Quality $ in millions, unless otherwise stated 4Q25 3Q25 4Q24 4Q25 Highlights o Asset quality metrics remain at solid Delinquency 0.71% 0.65% 0.83% levels, reflecting continued proactive management of the loan portfolio. NPLs+OREO/Total loans and leases + OREO 0.31% 0.37% 0.48% o Provision for
Slide 8: Asset Quality Ratios
Asset Quality Ratios Asset quality metrics remain at solid levels and FNB will continue to manage risk proactively as part of our core credit philosophy. NCO’s (Annualized) to Average Loans NPL’s and OREO to Loans and OREO 0.25% 0.48% 0.48% 0.24% 0.22% 0.34% 0.37% 0.19% 0.31% 0.15% 4Q24 1Q25 2Q25 3Q
Slide 9: Loan Portfolio Mix
Loan Portfolio Mix Highly diversified, commercial-focused loan portfolio. Loan Portfolio as of December 31, 2025 Owner-Occupied C&I 11% 20% Other 1% Equip Finance/Commercial Leasing Group Non-Owner CRE 5% 25% Indirect 2% HELOC 4% Home Equity 7% Residential Mortgage 25% Total Loan Portfolio: $34.8 bi
Slide 10: Non-Owner Occupied CRE Portfolio
Non-Owner Occupied CRE Portfolio Non-Owner Occupied CRE Portfolio(1) CRE - Office Loan Statistics Retail as of December 31, 2025 21.8% ❖ Long history of working with well-established sponsors with a focus on strong global cash flows. Office Other 18.0% ❖ The top 25 loans average $23 million in expos
Slide 11: Non-Owner Occupied CRE Portfolio (continued)
Non-Owner Occupied CRE Portfolio(1) NOO-CRE Loans1 to Capital 275% 250% 225% 200% 175% 150% NOO-CRE/TCE NOO-CRE/Tier 1 Capital+Allowance for Loan Losses NOO-CRE Loan Statistics as of December 31, 2025 ❖ Strong diversification across property types and ❖ Proactively addressing upcoming maturities. ge
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Average, $ in millions 4Q25 3Q25 4Q24 QoQ ∆(1) YoY ∆ 4Q25 Highlights o Total securities duration remained Securities $7,707 $7,615 $7,315 1.2% 5.4% at 3.7 years with AFS comprising ~48% of the portfolio. Total Loans 34,983 34,814 33,830 0.5% 3.4% o Transferred approximately
Slide 13: Deposit Composition
Deposit Composition FNB Maintains a Favorable Deposit Mix while Continuing to Grow Deposits. Total Period-End Deposits(1) (2009 – 2025) ($ amount in billions) 2009 2025 Δ $38.8 $37.1 NIB Deposits 16% 26% +10% $34.8 $34.7 Time Deposits 35% 19% -16% $31.7 26% 26% $29.1 34% 29% $24.8 34% $23.5 $22.4 31
Slide 14: Revenue Highlights
Revenue Highlights $ in thousands, unless otherwise stated 4Q25 3Q25 4Q24 QoQ Δ(2) YoY Δ 4Q25 Highlights Total interest income $587,490 $595,972 $568,693 (1.4%) 3.3% o Record net interest income increased $6.2 million from the prior quarter primarily due to growth Total interest expense 222,048 236,
Slide 15: Balance Sheet Repricing
Balance Sheet Repricing Cumulative Interest-Bearing and Total Deposit Betas(1) Commentary 65% 64% ❖ ~45% of loans reprice within 3 months. 54% 63% 62% 51% 53% 61% 60% 59% ❖ ~$1.2 billion annual cash flow from the investment 58% 57% 48% 56% 55% 54% 53% 44% 52% 51% portfolio with a roll-off yield of ~
Slide 16: Non-Interest Income
Non-Interest Income $ in thousands, unless otherwise stated 4Q25 3Q25 4Q24 QoQ Δ(2) YoY Δ 4Q25 Highlights Service charges $24,013 $23,191 $23,071 3.5% 4.1% o Total non-interest income decreased $5.8 million from the prior quarter’s record level, which Interchange and card transaction fees 13,345 13,
Slide 17: Strategic Objective to Drive Diversified Fee Income Growth
Strategic Objective to Drive Diversified Fee Income Growth ❖ Priority to continuously make strategic investments to develop and expand new high-value business units that complement our existing products and services. ❖ FNB has established or significantly expanded 10 business lines that are now mult
Slide 18: Non-Interest Expense
Non-Interest Expense $ in thousands, unless otherwise stated 4Q25 3Q25 4Q24 QoQ Δ(2) YoY Δ 4Q25 Highlights o Reported non-interest expense Salaries and employee benefits $133,774 $131,575 $127,992 1.7% 4.5% included a discretionary $20 million contribution to the FNB Foundation Occupancy and equipme
Slide 19: Strong Capital Position
Strong Capital Position FNB’s capital levels reached all-time highs, providing ample flexibility to grow the balance sheet and optimize shareholder returns while appropriately managing risk. TCE Ratio(1) CET1 Ratio (5) 8.9% 11.4% 8.2% 10.6% 7.8% 10.0% 7.6% 9.8% 9.9% 9.8% 7.4% 7.2% 7.2% 9.4% 2019 202
Slide 20: 2026 Financial Objectives
2026 Financial Objectives 1Q26 Guidance FY 2026 Guidance Commentary Loan growth anticipated across the portfolio driven by increasing Spot Loans Mid-single digit growth market share and our diverse geographic footprint. Balance Sheet(1) Deposit growth driven by continued deepening customer relations
Slide 21: 2025 Peer Group Listing
2025 Peer Group Listing Ticker Institution Ticker Institution ASB Associated Banc-Corp. RF Regions Financial Corp. BKU BankUnited, Inc. SFNC Simmons First National Corp. BOKF BOK Financial Corp. SNV Synovus Financial Corp. CBSH Commerce Bancshares, Inc. SSB SouthState Corp. CFR Cullen/Frost Bankers,
Slide 22: Non-GAAP to GAAP Reconciliation
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Slide 23: Non-GAAP to GAAP Reconciliation
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Slide 24: Non-GAAP to GAAP Reconciliation
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Slide 25: Non-GAAP to GAAP Reconciliation
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Slide 26: Non-GAAP to GAAP Reconciliation
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Slide 27: Non-GAAP to GAAP Reconciliation
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Slide 28: Non-GAAP to GAAP Reconciliation
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Slide 29: Non-GAAP to GAAP Reconciliation
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Slide 30: Non-GAAP to GAAP Reconciliation
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