Slide 1: F.N.B. Corporation Earnings Presentation Second Quarter 2026
F.N.B. Corporation Earnings Presentation Second Quarter 2026 July 17, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This release 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 assumpti
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 return on average tangible common equity, return on average tangible assets, tangible book valu
Slide 4: Financial Highlights
Financial Highlights Second Quarter 2026 Highlights ❖ Earnings per diluted common share increased 16.7% year-over-year to $0.42 with net income of $148.7 million. ❖ Average total loans and leases increased $601.2 million, or 6.9% annualized, linked-quarter. o Consumer loans increased $362.6 million
Slide 5: Strong Financial Performance
Strong Financial Performance Solid Profitability 14.1% 1.27% 53.7% 3.25% Metrics ROATCE(1) ROATA(1) Efficiency Net Interest Quarter Ended June 30, 2026 Ratio(1)(2) Margin(1)(2) Significant Capital, 8.9% 11.4% 1.25% 92.5% Reserves & Liquidity TCE/TA(1) CET1(4) ACL Ratio Loan-to-Deposit as of June 30,
Slide 6: FNB's Long-term Transformation
FNB’s Long-term Transformation Since 2009(1), FNB’s leadership team has transformed the Company and developed a sustainable long- term business model leading to optimal capital deployment which benefits our shareholders. Increase Market Share and Enhance Performance with Investments in Geographic Di
Slide 7: Second Quarter Financial Highlights
Second Quarter Financial Highlights 2Q26 1Q26 2Q25 Net income (millions) $148.7 $137.0 $130.7 Reported Earnings per diluted common share $0.42 $0.38 $0.36 Results Book value per common share $19.34 $19.12 $18.17 Net income (millions)(2) $148.7 $137.0 $130.7 (2) Earnings per diluted common share $0.4
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% 0.22% 0.34% 0.37% 0.34% 0.19% 0.19% 0.31% 0.31% 0.18% 2Q25 3Q25 4Q25 1Q
Slide 9: Asset Quality
Asset Quality $ in millions, unless otherwise stated 2Q26 1Q26 2Q25 2Q26 Highlights Delinquency 0.71% 0.74% 0.62% o Asset quality metrics remain at solid levels reflecting continued proactive management of the loan NPLs+OREO/Total loans and leases + OREO 0.31% 0.34% 0.34% portfolio. o NPLs+OREO ende
Slide 10: Loan Portfolio Mix
Loan Portfolio Mix Highly diversified loan portfolio with a focus on concentration management. Total Loan Portfolio as of June 30, 2026 Owner- Occupied 11% 59% Total Commercial Loans & Leases ❖ Continued focus on core C&I lending activity with traditional C&I middle market customers. Non-Owner 21% C
Slide 11: Non-Owner Occupied CRE Portfolio
Non-Owner Occupied CRE Portfolio NOO-CRE loan portfolio diversified across property type and geographies. Non-Owner Occupied CRE(1) as of June 30, 2026 NOO-CRE Office ❖ No outsized risk to any one property. Retail 17.3% 21.3% o Average loan size is $1 million. ❖ Since 2014, low average net-charge of
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Average, $ in millions 2Q26 1Q26 2Q25 QoQ ∆(1) YoY ∆ 2Q26 Highlights o Growth in securities reflects Securities $7,971 $7,869 $7,592 1.3% 5.0% opportunistic reinvestment at yields much higher than portfolio levels. Total Loans 35,501 34,900 34,502 1.7% 2.9% o Commercial loan
Slide 13: Deposit Composition
Deposit Composition FNB Maintains a Favorable Deposit Mix while Continuing to Grow Deposits. Total Period-End Deposits(1) (2009 – 2Q26) ($ amount in billions) 2009 2Q26 Δ $38.8 $38.7 $37.1 NIB Deposits 16% 26% +10% $34.8 $34.7 Time Deposits 35% 19% -16% $31.7 26% 26% 26% $29.1 34% 29% $24.8 34% $23.
Slide 14: Revenue Highlights
Revenue Highlights $ in thousands, unless otherwise stated 2Q26 1Q26 2Q25 QoQ Δ(2) YoY Δ 2Q26 Highlights Total interest income $578,013 $569,281 $582,641 1.5% (0.8%) o Record net interest income increased linked-quarter, primarily due to growth in earning assets, Total interest expense 212,290 210,0
Slide 15: Balance Sheet Repricing
Balance Sheet Repricing Cumulative Interest-Bearing and Total Deposit Betas(1) Commentary 65% 64% 63% ❖ ~45% of loans reprice within 3 months. 62% 54% 51% 53% 61% 60% 59% ❖ ~$1.2 billion annual cash flow from the investment 58% 57% 48% 56% 55% 54% 53% 44% 52% portfolio with a roll-off yield of ~3.09
Slide 16: Non-Interest Income
Non-Interest Income $ in thousands, unless otherwise stated 2Q26 1Q26 2Q25 QoQ Δ(1) YoY Δ 2Q26 Highlights Service charges $23,749 $22,770 $22,930 4.3% 3.6% o Capital markets income included solid contributions from customer Interchange and card transaction fees 13,303 12,487 13,254 6.5% 0.4% interes
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 2Q26 1Q26 2Q25 QoQ Δ(1) YoY Δ 2Q26 Highlights o Salaries and employee benefits Salaries and employee benefits $135,603 $135,707 $129,842 (0.1%) 4.4% increased year-over-year primarily reflecting normal annual merit Occupancy and equipment
Slide 19: Strong Capital Position
Strong Capital Position FNB’s capital levels provide ample flexibility to grow the balance sheet and optimize shareholder returns while appropriately managing risk. TCE Ratio(1) CET1 Ratio 8.9% 8.9% 8.9% (5) 11.4% 11.4% 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 2020 20
Slide 20: 2026 Financial Objectives
2026 Financial Objectives 3Q26 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: 2026 Peer Group Listing
2026 Peer Group Listing Ticker Institution Ticker Institution ASB Associated Banc-Corp. KEY Key Corp. BKU BankUnited, Inc. PNFP Pinnacle Financial Partners BOKF BOK Financial Corp. SFNC Simmons First National Corp. CBSH Commerce Bancshares, Inc. SSB SouthState Corp. CFR Cullen/Frost Bankers, Inc. TC
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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