Slide 1: F.N.B. Corporation Earnings Presentation Second Quarter 2025
F.N.B. Corporation Earnings Presentation Second Quarter 2025 July 18, 2025
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 Second Quarter 2025 Highlights ❖ Net income available to common shareholders increased 12.1% linked-quarter to $130.7 million, or $0.36 per diluted common share. ❖ Revenue growth of 6.5% linked-quarter was driven by record levels of net interest income and non-interest income. o
Slide 5: Strong Financial Performance
Strong Financial Performance Solid Profitability Metrics 13.6% 1.15% 54.8% 3.19% Quarter Ended June 30, 2025 ROATCE(1) ROATA(1) Efficiency Ratio(1)(2) Net Interest Margin(1)(2) Significant Capital, 8.5% 10.8% 1.25% 91.9% Reserves & Liquidity Loan-to-Deposit as of June 30, 2025 TCE/TA(1) CET1(4) ACL
Slide 6: Second Quarter Financial Highlights
Second Quarter Financial Highlights 2Q25 1Q25 2Q24 Net income available to common shareholders (millions) $130.7 $116.5 $123.0 Reported Earnings per diluted common share $0.36 $0.32 $0.34 Results Book value per common share $18.17 $17.86 $16.94 Operating net income available to common shareholders (
Slide 7: Asset Quality
Asset Quality $ in millions, unless otherwise stated 2Q25 1Q25 2Q24 2Q25 Highlights o Asset quality metrics remain at solid Delinquency 0.62% 0.75% 0.63% levels, reflecting continued proactive management of the loan portfolio. NPLs+OREO/Total loans and leases + OREO 0.34% 0.48% 0.33% o Net charge-of
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% 0.24% 0.25% 0.48% 0.48% 0.33% 0.39% 0.34% 0.15% 0.09% 2Q24 3Q24 4Q24 1Q
Slide 9: Loan Portfolio Mix
Loan Portfolio Mix Highly diversified, commercial-focused loan portfolio. Loan Portfolio (as of June 30, 2025) Owner-Occupied C&I 11% 20% Other 2% Equip Finance/Commercial Leasing Group Non-Owner CRE 4% 26% Indirect 2% HELOC 4% Home Equity 7% Residential Mortgage 24% Total Loan Portfolio: $34.7 bill
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 June 30, 2025 20.7% ❖ Long history of working with well-established sponsors with a Office focus on strong global cash flows. Other 5.7% 18.4% ❖ The top 25 loans average $23 million in expo
Slide 11: Non-Owner Occupied CRE Portfolio (1)
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 June 30, 2025 ❖ Strong diversification across property types ❖ Proactively addressing upcoming maturities. and geogra
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights (1) Average, $ in millions 2Q25 1Q25 2Q24 QoQ ∆ YoY ∆ 2Q25 Highlights o Total securities duration remained Securities $7,592 $7,448 $7,188 1.9% 5.6% at 3.8 years with AFS comprising ~48% of the portfolio. Total Loans 34,502 34,051 33,256 1.3% 3.7% o Average consumer loan gro
Slide 13: Deposit Composition
Deposit Composition FNB Maintains a Favorable Deposit Mix while Continuing to Grow Deposits. Total Period-End Deposits(1) (2009 – 2Q25) $37.7 ($ amount in billions) $37.1 2009 2Q25 Δ $34.8 $34.7 NIB Deposits 16% 26% +10% $31.7 26% 26% $29.1 Time Deposits 35% 20% -15% 29% 34% $24.8 34% $23.5 $22.4 31
Slide 14: Revenue Highlights
Revenue Highlights $ in thousands, unless otherwise stated 2Q25 1Q25 2Q24 QoQ Δ(2) YoY Δ 2Q25 Highlights Total interest income $582,641 $559,437 $557,188 4.1% 4.6% o Record net interest income increased $23.4 million from the prior quarter primarily due to higher Total interest expense 235,445 235,5
Slide 15: Balance Sheet Repricing
Balance Sheet Repricing Cumulative Interest-Bearing and Total Deposit Betas(1) Commentary 65% 64% 63% ❖ ~46% of loans reprice within 3 months. 62% 61% 60% 59% 53% 54% 51% ❖ ~$1.1 billion annual cash flow from the investment 58% 57% 48% 56% 55% 54% 53% 44% portfolio with a roll-off yield of ~3.22%. 5
Slide 16: Non-Interest Income
Non-Interest Income $ in thousands, unless otherwise stated 2Q25 1Q25 2Q24 QoQ Δ(1) YoY Δ 2Q25 Highlights Service charges $22,930 $22,355 $23,332 2.6% (1.7%) o Non-interest income reached an all-time high of $91.0 million. Interchange and card transaction fees 13,254 12,370 13,005 7.1% 1.9% o Interc
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 8 business lines that are now multi
Slide 18: Non-Interest Expense
Non-Interest Expense $ in thousands, unless otherwise stated 2Q25 1Q25 2Q24 QoQ Δ(2) YoY Δ 2Q25 Highlights o Salaries and employee benefits Salaries and employee benefits $129,842 $135,135 $120,917 (3.9%) 7.4% decreased linked-quarter primarily due to normal seasonal long-term Occupancy and equipmen
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 8.5% (5) 8.4% 10.7% 10.8% 8.2% 10.6% 7.8% 10.0% 7.6% 9.8% 9.9% 9.8% 7.4% 7.2% 7.2% 9.
Slide 20: 2025 Financial Objectives
2025 Financial Objectives 3Q25 Guidance FY 2025 Guidance Commentary Loan growth driven by increasing market share across our diverse Spot Loans Mid-single digit growth geographic footprint. Balance Sheet(1) Deposit growth driven by deepening customer relationships and Spot Deposits Mid-single digit
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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