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Here are 1-2 brief analogies to describe F.N.B. Corporation (FNB):

• FNB is like a regional Bank of America, concentrated in the Mid-Atlantic and Southeast U.S.
• Think of FNB as a community-focused PNC, offering a full range of traditional banking and financial services in its operating regions.

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• Commercial Banking: Provides loans, lines of credit, and treasury management solutions to businesses and corporations.
• Consumer Banking: Offers deposit accounts, residential mortgages, personal loans, and credit cards to individual consumers.
• Wealth Management: Delivers investment management, trust services, and financial planning to high-net-worth individuals and families.

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F.N.B. Corporation (symbol: FNB) primarily sells its services to other companies. An analysis of its loan portfolio as of December 31, 2023, indicates that commercial loans (including commercial real estate, commercial & industrial, and commercial lease financing) constitute approximately 74% of its total loan portfolio.

However, as a diversified financial services provider, FNB's business model involves serving a broad and varied base of commercial clients across numerous industries and sizes, rather than relying on a few singular "major customer" companies. Due to client confidentiality and the nature of the banking industry, FNB does not publicly disclose the names of its specific corporate customers.

Therefore, it is not possible to provide a list of named major customer companies and their symbols.

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• PricewaterhouseCoopers LLP
• Visa Inc. (V)
• Mastercard Incorporated (MA)

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Vincent J. Delie, Jr. Chairman, President and CEO

Vincent J. Delie, Jr. is the Chairman, President, and Chief Executive Officer of F.N.B. Corporation and First National Bank. He joined FNB in 2005, becoming President of First National Bank in 2009 and later its CEO. He was named President of F.N.B. Corporation in 2011, elected CEO and joined the Board in 2012, and appointed Chairman of the Board in 2017. Prior to FNB, Delie served as Executive Vice President of Corporate Banking at National City Bank and held roles in investment banking at Parker/Hunter and capital markets at PaineWebber Group Incorporated. Under his leadership, FNB has completed 17 acquisitions, significantly expanded its digital platform, and grown its market capitalization by nearly 600 percent. He earned a degree in Finance from The Pennsylvania State University.

Vincent J. Calabrese, Jr. Chief Financial Officer

Vincent J. Calabrese, Jr. serves as the Chief Financial Officer of F.N.B. Corporation. His responsibilities include corporate finance, accounting management, external financial reporting, internal planning, treasury functions, and profitability reporting and analysis. He also oversees the company's information technology (IT), operations, project management, and procurement divisions. Calabrese joined F.N.B. Corporation in 2007 as Senior Vice President and served as Corporate Controller from 2007 to 2009. Prior to joining FNB, he was the Senior Vice President, Controller, and Chief Accounting Officer at People's Bank, Connecticut, from 2003 to 2007.

Gary L. Guerrieri Chief Credit Officer

Gary L. Guerrieri is the Chief Credit Officer for F.N.B. Corporation. He is responsible for managing the entire credit function, including commercial and retail underwriting, credit administration, credit policy, and credit risk management. He also oversees the Bank's special assets and indirect lending and chairs the Senior Loan Committee. Guerrieri joined F.N.B. Corporation in 2002 through the merger with Promistar Bank as Regional Credit Officer and was promoted to Chief Credit Officer in 2011. At Promistar, he was Executive Vice President of Commercial Banking.

Thomas M. Whitesel Chief Risk Officer

Thomas M. Whitesel serves as the Chief Risk Officer of F.N.B. Corporation, a role he has held since 2004 as Director of Risk Management. He possesses nearly 40 years of banking and risk management experience. Before joining FNB, Whitesel was the Director of Risk Management for KPMG, where he specialized in advisory services for credit risk and allowance methodologies for various banks globally and throughout the U.S. He also held positions in corporate planning and acquisitions and other risk-related roles with several regional banks, starting his banking career as an examiner for the Comptroller of the Currency.

Samuel D. Kirsch Chief Digital Officer

Samuel D. Kirsch was promoted to Chief Digital Officer of First National Bank, a subsidiary of F.N.B. Corporation, in 2019. In this role, he is responsible for the development and execution of FNB's overall digital strategy, enhancing the Bank's digital capabilities and ensuring consistency across all digital platforms. He focuses on technological advancements and the growth of the Company's multi-channel "Clicks-to-Bricks" strategy, which integrates online, mobile, and in-branch banking. Kirsch joined FNB in 2011 as Director of Digital Channels and Payments for the Consumer Bank. Prior to FNB, he spent 25 years at BNY Mellon in various consumer banking leadership roles, including eCommerce, Electronic Banking, Product Development, and Operations. He holds a Bachelor of Arts in Psychology and a Master of Business Administration from the University of Pittsburgh.

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The key risks to F.N.B. (symbol: FNB) primarily stem from its nature as a diversified financial services company. The three most significant risks include interest rate risk, credit risk, and regulatory and compliance risk.

1. Interest Rate Risk: As a financial institution, FNB's profitability is highly sensitive to fluctuations in market interest rates and broader monetary policies. Changes in these rates can materially affect the company's net interest income and the valuation of its financial assets and liabilities.
2. Credit Risk: FNB faces substantial credit risk due to its extensive portfolio of commercial loans and leases. While the company emphasizes a conservative approach to credit risk management and reports stable asset quality, the possibility of loan defaults or deterioration in credit quality remains a fundamental concern for any lending institution.
3. Regulatory and Compliance Risk: FNB operates within a heavily regulated environment, making it susceptible to significant legal and compliance risks. Changes in banking laws, regulatory priorities, or accounting standards can adversely affect its operations. The company has explicitly noted the impact of recent consent orders from the Department of Justice and the North Carolina State Department of Justice, which could lead to additional costs, potential reputational harm, and may hinder strategic growth opportunities.

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The clear emerging threat to F.N.B. Corporation stems from the rapid expansion of digital-first financial service providers, including neobanks and non-bank online lenders. These entities leverage lower operating costs (due to a lack of physical branch networks) and advanced technology to offer highly competitive rates on deposits, lower fees, and superior digital user experiences for various lending products. This directly challenges FNB's traditional branch-based model for deposit gathering and loan origination, placing pressure on its market share, customer acquisition, and net interest margins, particularly among younger and more digitally-savvy customer segments.

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F.N.B. Corporation (FNB) operates as a diversified financial services company, primarily offering commercial banking, consumer banking, and wealth management solutions. These services are delivered through a network of branches across several states, including Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia, and the District of Columbia. The addressable market sizes for their main products and services are presented for the United States as a whole, given the scope of available data.

Addressable Market Sizes for FNB's Main Products and Services in the U.S.:

• Commercial Banking: The U.S. commercial banking market size is estimated to be approximately $732.5 billion in 2025 and is projected to reach $915.45 billion by 2030. Another report indicates the market size of Commercial Banking in the U.S. as $1.6 trillion in 2025.
• Consumer Banking (Retail Banking): The U.S. retail banking market is valued at approximately $0.87 trillion (or $870 billion) in 2025, with projections to reach $1.08 trillion by 2030. Another estimate places the U.S. retail banking market size at $1.105 trillion in 2024, projected to reach $1.850 trillion by 2032.
• Mortgage Lending: As a component of consumer banking, the total outstanding residential mortgage debt in the U.S. was $12.94 trillion as of the second quarter of 2025. The market for new purchase mortgages within the U.S. is valued at approximately $1.1454 trillion.
• Wealth Management: The Assets Under Management (AUM) in the wealth management market across the Americas (including the U.S.) are predicted to reach an impressive $67.75 trillion by 2024. More specifically, the U.S. holds 54.2% of the global AUM, which reached $162 trillion in 2025, implying a U.S. market share of approximately $87.79 trillion in 2025. The U.S. private banking market, a segment of wealth management, is valued at $59.54 billion in 2025.

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F.N.B. Corporation (FNB) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market dynamics:

1. Geographic Expansion and Branch Network Growth: FNB is actively expanding its geographic footprint, with plans to add 30 new branches by 2030, primarily in high-growth markets such as the Carolinas and Mid-Atlantic regions. This expansion is anticipated to drive further customer and deposit growth. The company has already expanded its geographic footprint with 30 new branches in Q2 2025.
2. Organic Loan and Deposit Growth: The company anticipates mid-single-digit loan and deposit growth for 2025, supported by a strong commercial loan pipeline. FNB's strategy focuses on growing high-quality loans and deepening customer relationships across its diverse geographic footprint. Deposit growth is also broad-based, supported by competitive pricing and digital capabilities.
3. Diversification and Growth of Non-Interest Income: FNB is focused on diversifying its revenue streams by growing various non-interest income business lines. This includes strong contributions from capital markets, wealth management, and mortgage banking. The planned acquisition of Raptor Partners LLC, an independent investment banking firm, aims to enhance capital markets services and further diversify non-interest income. Wealth Management revenues increased 8% year-over-year in Q3 2025, driven by trust income and double-digit growth in securities commissions and fees.
4. Digital Innovation and AI-Driven Initiatives: Strategic investments in digital channels, AI, and data science are expected to enhance customer acquisition, cross-sell rates, and operational efficiency. FNB's digital and data strategies are designed to improve customer experience and drive revenue growth, with platforms like eStore® and Common App expanding features and facilitating digital onboarding.

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Share Repurchases

• F.N.B. Corporation was expected to have less stock buyback activity than previously, with an anticipated 2-3% reduction in share count from repurchases after dividends, with a projected acceleration of buybacks in 2025.

Share Issuance

• F.N.B.'s shares outstanding increased by 9.45% from 2021 to 0.354 billion in 2022.
• Shares outstanding further increased by 2.5% to 0.363 billion in 2023.
• A slight decline of 0.07% in shares outstanding was noted in 2024, bringing the total to 0.363 billion.

Outbound Investments

• In 2022, FNB completed a merger with Baltimore, Maryland-based Howard Bancorp, Inc., enhancing its presence in the Mid-Atlantic Region.
• FNB acquired UB Bancorp, further expanding its footprint in North Carolina.
• In April 2025, F.N.B. Corporation entered into an agreement to acquire Raptor Partners LLC, an independent investment banking firm. This acquisition, expected to close in the second quarter of 2025, aims to expand FNB's capital markets capabilities and diversify non-interest income.

Capital Expenditures

• While specific capital expenditure figures are not readily available in the provided data, FNB has continuously invested in its Capital Markets capabilities.
• The company also made continued investments in its risk management infrastructure during 2024.
• F.N.B. Corporation recognized renewable energy investment tax credits of $28.4 million in the fourth quarter of 2024 from a solar project financing transaction.