F.n.b. Corporation · NYSE:FNB
F.n.b — Investor Presentation (April 2025)
51 slides from F.n.b's investor presentation, April 2025
Slide 1: F.N.B. Corporation Investor Presentation
F.N.B. Corporation Investor Presentation Second Quarter 2025 April 2025 1
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: Overview of FNB
Overview of FNB Company Snapshot Financial Highlights as of 3/31/25 ❖ Ticker: FNB (NYSE) Assets: 12.2% CAGR since 2009 $49.0 billion ❖ Founded in 1864 Loans: 12.5% CAGR since 2009 $34.2 billion ❖ Headquartered in Pittsburgh, PA ❖ Diverse market presence across 7 states Deposits: 12.5% CAGR since 200
Slide 5: Investor Highlights
Investor Highlights ✓ Diversified revenue streams through retail and commercial banking, capital markets, wealth management and insurance. Strong core ✓ Proven, sustainable business model driving long-term growth and performance. franchise in o Disciplined sales culture focused on relationship-based
Slide 6: Why FNB?
Why FNB? A Strong Franchise Proven Performance Sustainable Growth Nationally recognized as a Top Workplace USA and national Consistent credit Investments in digital Culture Excellence Award winner underwriting standards and technology and data for multiple categories. stable asset quality metrics. i
Slide 7: The Six Pillars of Our Long-Term Strategy
The Six Pillars of Our Long-Term Strategy FNB drives performance to further improve on long-term strategic planning metrics with an underlying focus on a consistent credit culture. Drive Organic Optimize the Build a Strong, Growth Retail Bank Differentiated Brand Maintain Build a Durable, Promote Co
Slide 8: FNB Continues to Serve All its Stakeholders
FNB Continues to Serve All its Stakeholders ❖ Introduced Community Uplift, an internally funded Down ❖ Winner of more than 115 prestigious Coalition Greenwich Best Payment Assistance (DPA) program, in key markets. Bank Awards since 2011. ❖ Recognized on Forbes’ inaugural lists of America’s Best ❖ In
Slide 9: Strong Financial Performance
Strong Financial Performance Solid Profitability Metrics 12.6% 1.06% 58.5% 3.03% Quarter Ended March 31, 2025 ROATCE(1) ROATA(1) Efficiency Ratio(1)(2) Net Interest Margin(1)(2) Significant Capital, 8.4% 10.7% 1.25% 91.9% Reserves & Liquidity Loan-to-Deposit as of March 31, 2025 TCE/TA(1) CET1(4) AC
Slide 10: 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 11: Expansion of Geographic Footprint
Expansion of Geographic Footprint(1) Since the financial crisis, FNB has focused on growing its footprint across the Mid-Atlantic and Carolinas to high-growth MSAs such as Charlotte, DC, Baltimore, and Charleston. 2025 FNB Geographic Footprint FNB Growth Highlights 2009 1Q25 Δ Total Assets ($B): $8.
Slide 12: Diverse Footprint with Strong Market Share
Diverse Footprint with Strong Market Share(1)(2) FNB’s market deposit CAGR is 16% over the last 10 years buoyed by our new markets. 1 6 Cleveland Winston-Salem 1 Population: 2.2 million Population: 735k # of 100k Bus: 157k # of 100k Bus: 42k Deposit Market Share Rank: 12 Deposit Market Share Rank: 3
Slide 13: FNB Wholesale Bank
FNB Wholesale Bank FNB Wholesale Banking Products and Services FNB offers a comprehensive suite of products and services to create value for our clients and grow a diversified stream of revenues. Corporate and Business Banking Investment Real Estate Builder Financing Asset-Based Lending Treasury Man
Slide 14: Evolution of FNB's Digital Bank
Evolution of FNB’s Digital Bank FNB’s digital and data strategies improve customer experience and drive revenue growth. Key milestones of FNB’s digital and data strategies 2015-2016 2017-2019 2020 • Click-to-Bricks strategy launched • Data Science Team formed • Redesigned website with learning tools
Slide 15: eStore Digital Banking Experience
eStore® Digital Banking Experience Aggregates product offerings for a consistent and convenient experience across multiple banking channels. Clicks-to-Bricks: Omnichannel banking experience across mobile, Digital transformation tools in-branch kiosk and computer. including documentation upload, auth
Slide 16: Comprehensive Omnichannel Strategy
Comprehensive Omnichannel Strategy “Clicks-to-Bricks” integrates physical and digital channels and offers convenient and consistent access to FNB’s products and services. FNB’s physical delivery channel is Strong momentum in adoption of digital tools, equipping our team to approaching 2,000 combined
Slide 17: Data Analytics and Artificial Intelligence
Data Analytics and Artificial Intelligence Leveraging data analytics, the Enterprise Data Warehouse (EDW) and artificial intelligence, FNB has significantly improved lead generation and product bundling. Product Bundling and “Next Best Product” Effective Lead Generation With recent model upgrades, l
Slide 18: FNB's Holistic Data Strategy
FNB’s Holistic Data Strategy Investments in data architecture lead to organic customer growth Acquire Consolidate Evaluate Deliver Delivery focuses on data science, visualization, and advanced analytics Data Enterprise Data Self-Service Data Warehouse Preparation Sources Casual User Internal Dynamic
Slide 19: Financial Highlights
Financial Highlights EN.B. Corporation 19
Slide 20: First Quarter 2025 Highlights
Financial Highlights First Quarter 2025 Highlights ❖ Net income available to common shareholders of $116.5 million, or $0.32 per diluted common share. ❖ Total deposits (period-end) increased $131.7 million, or 1.4% annualized, linked-quarter, with the mix of non-interest-bearing deposits to total de
Slide 21: First Quarter Financial Highlights
First Quarter Financial Highlights 1Q25 4Q24 1Q24 Net income available to common shareholders (millions) $116.5 $109.9 $116.3 Reported Earnings per diluted common share $0.32 $0.30 $0.32 Results Book value per common share $17.86 $17.52 $16.71 Operating net income available to common shareholders (m
Slide 22: Asset Quality
Asset Quality $ in millions, unless otherwise stated 1Q25 4Q24 1Q24 1Q25 Highlights o Credit quality remains at solid levels Delinquency 0.75% 0.83% 0.64% across all portfolios. o Provision for credit losses NPLs+OREO/Total loans and leases + OREO 0.48% 0.48% 0.33% decreased $4.8 million from the pr
Slide 23: 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% 0.48% 0.48% 0.33% 0.33% 0.39% 0.16% 0.15% 0.09% 1Q24 2Q24 3Q24 4Q
Slide 24: F.N.B. Corporation Historical Asset Quality
F.N.B. Corporation Historical Asset Quality Full-year NCOs/ Loans Full-year NPL + OREO / Loans + OREO Florida Exit 1.15% 2.84% Florida Exit 2.74% 2.62% 0.77% 2.05% 0.60% 0.58% 1.42% 1.24% Regency Sale Regency Sale 0.35% 0.93% 0.97% 0.91% 0.29% 0.28% 0.28% 0.79% 0.26% 0.66% 0.61% 0.70% 0.23%0.21% 0.2
Slide 25: Loan Portfolio Mix
Loan Portfolio Mix Highly diversified, commercial-focused loan portfolio. Loan Portfolio (as of March 31, 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: $34.2 bil
Slide 26: Non-Owner Occupied CRE Portfolio
Non-Owner Occupied CRE Portfolio Non-Owner Occupied CRE Portfolio(1) CRE - Office Loan Statistics Retail as of March 31, 2025 20.5% ❖ 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 $22 million in exp
Slide 27: Non-Owner Occupied CRE Portfolio
Non-Owner Occupied CRE Portfolio(1) NOO-CRE Loans1 to Capital NOO-CRE Loan Statistics as of March 31, 2025 275% ❖ Strong diversification across property types and geographies. 250% ❖ No outsized risk to any one property. 225% o Average loan size is $1 million. 200% o One funded loan over $50 million
Slide 28: 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) 8.4% 10.7% 10.6% 8.2% 7.8% 10.0% 9.8% 9.9% 9.8% 7.6% 7.4% 7.2% 7.2% 9.4% 2019 202
Slide 29: Balance Sheet Highlights
Balance Sheet Highlights Average, $ in millions 1Q25 4Q24 1Q24 QoQ ∆ (1) YoY ∆ 1Q25 Highlights o Total securities duration Securities $7,448 $7,315 $7,163 1.8% 4.0% decreased to 3.8 years with AFS comprising ~46% of the portfolio. Total Loans 34,051 33,830 32,381 0.7% 5.2% o Organic linked-quarter t
Slide 30: Deposit Composition
Deposit Composition FNB Maintains a Favorable Deposit Mix while Continuing to Grow Deposits. Total Period-End Deposits(1) (2009 – 1Q25) $37.2 $37.1 ($ amount in billions) 2009 1Q25 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 31: Stable and Granular Deposit Base
Stable and Granular Deposit Base Diversified funding channels provide levers for growth and reflect long-term relationships. Deposit Composition Key Statistics Strategy as of March 31, 2025 ❖ Total insured/collateralized deposits comprise approximately 77% of Consumer total deposits. Private Banking
Slide 32: Deposits and Customer Repurchase Agreements
Deposits and Customer Repurchase Agreements(1)(2) FNB’s total depositAsCAGR of Juneis30, 9%2022 over the last 5 years. Savings, NOW, Non-Interest MMDA Bearing Balance Portfolio (%) 54% 26% (in millions) Savings, NOW, MMDA $20,067 54% Non-Interest Bearing 9,867 26% Transaction Deposits $29,934 80% $3
Slide 33: Investment Portfolio
Investment Portfolio Highly Rated Investment Portfolio As of March 31, 2025 % Ratings as of March 31, 2025 ($ in millions) Balance Portfolio Investment % Agency MBS $1,563 21% AAA 100% Agency CMBS 38% Agency Agency CMO 1,367 18% AAA 100% Debentures 5% Agency CMBS 2,854 38% AAA 100% Agency Debentures
Slide 34: Revenue Highlights
Revenue Highlights $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Total interest income $559,437 $568,693 $543,497 (1.6%) 2.9% o Net interest income increased $1.6 million from the prior quarter Total interest expense 235,592 246,477 224,489 (4.4%) 4.9% primari
Slide 35: Balance Sheet Repricing
Balance Sheet Repricing Cumulative Total Deposit Betas(1) Commentary 39.8% 45.0% 38.1% 36.5% 40.0% 34.3% ❖ ~47% of loans reprice within 3 months. 35.0% 31.0% 30.0% 26.6% 28.0% ❖ ~$1.1 billion annual cash Other flow from the investment 25.0% 21.8% portfolio with a roll-off rate of ~3.22%. 20.0% 16.6%
Slide 36: Non-Interest Income
Non-Interest Income $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Service charges $22,355 $23,071 $20,569 (3.1%) 8.7% o Record Wealth Management revenues totaled $21.2 million, Interchange and card transaction fees 12,370 12,912 12,700 (4.2%) (2.6%) reflecting
Slide 37: Non-Interest Expense
Non-Interest Expense $ in thousands, unless otherwise stated 1Q25 4Q24 1Q24 QoQ Δ(2) YoY Δ 1Q25 Highlights Salaries and employee benefits (1) $135,135 $127,992 $129,120 5.6% 4.7% o Salaries and employee benefits increased linked-quarter primarily due to normal seasonal long-term Occupancy and equipm
Slide 38: 2025 Financial Objectives
2025 Financial Objectives 2Q25 Guidance FY 2025 Guidance Commentary Loan growth driven by increasing market share and 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 gro
Slide 39: 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,
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