F N B : May 2026 Investor Presentation (May 11, 2026)

Published: 2026-05-11 14:31:07 ET FNB

Published on 05/11/2026 at 02:31 pm EDT

F.N.B. Corporation

Investor Presentation

Second Quarter 2026

May 2026

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 share, return on average tangible common equity, return on average tangible assets, tangible book value per common share, the ratio of tangible common equity to tangible assets, operating non-interest income, pre-provision net revenue (reported), efficiency ratio, allowance for credit losses on loans and leases plus accretable discount of acquired loans to total loans and leases, internal capital generation growth and net interest margin (FTE) to provide information useful to investors in understanding our operating performance and trends, and to facilitate comparisons with the performance of our peers. Management uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The non-GAAP financial measures and key performance indicators we use may differ from the non-GAAP financial measures and key performance indicators other financial institutions use to assess their performance and trends.

These non-GAAP financial measures should be viewed as supplemental in nature, and not as a substitute for, or superior to, our reported results prepared in accordance with GAAP. Reconciliations of non-GAAP operating measures to the most directly comparable GAAP financial measures are included later in this release under the heading "Reconciliations of Non-GAAP Financial Measures and Key Performance Indicators to GAAP."

Management believes certain items (e.g., FDIC special assessment) are not organic to running our operations and facilities. These items are considered significant items impacting earnings as they are deemed to be outside of ordinary banking activities. These costs are specific to each individual transaction and may vary significantly based on the size and complexity of the transaction.

To facilitate peer comparisons of net interest margin and efficiency ratio, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets (loans and investments) to make it fully equivalent to interest income earned on taxable investments (this adjustment is not permitted under GAAP). Taxable-equivalent amounts for 2026 and 2025 were calculated using a federal statutory income tax rate of 21%.

Overview of FNB

Ticker: FNB (NYSE)

Founded in 1864

Headquartered in Pittsburgh, PA

Diverse market presence across 7 states and Washington, D.C.

Market Capitalization of $6.3 billion(2)

Experienced management team

Proven ability to deliver strong risk-

adjusted returns

FNB Branches

FNB ATMs

Assets: 11.6% CAGR since 2009 $50.6 billion

Loans: 11.9% CAGR since 2009 $35.1 billion

Deposits: 12.0% CAGR since 2009 $38.9 billion

Dividend Yield(2):

3.0%

Non-Interest-Bearing Demand to Total Deposit Mix:

25.7%

Net Interest Margin(1)(3):

3.25%

CET1 Capital Ratio:

11.4%

Efficiency Ratio(1)(3)(4):

56.1%

Tangible Book Value/Share(3)

$12.06

Commercial Banking

Consumer Banking

Advisory Services

eStore®

Corporate and Business Banking

Investment Real Estate

Builder Financing

Asset-Based Lending

Lease Financing

Mezzanine Financing

Capital Markets

Investment Banking

Commodity Hedging

Public Finance

Treasury Management

International Banking

SBA Lending

Government Banking

Consumer Lending

Deposit Products

Mobile and Online Banking

Mortgage Banking

Small Business Banking

Brokerage

Investment Advisory

Trust and Fiduciary

Private Banking

Retirement Services

Insurance

Property and Casualty

Employee Benefits

Personal

Title

Common Application

Shop for Financial Products & Services

Best Next-Product Suggestion

Access Financial Education

Schedule Time with Our Bankers Virtually

(1) Represents 1Q26 values. (2) As of market close on April 30, 2026. (3) A non-GAAP measure. (4) FTE basis. 4

Investor Highlights

Strong core franchise in attractive markets well positioned for growth

Diversified revenue streams through retail and commercial banking, capital markets, wealth management and insurance.

Proven, sustainable business model driving long-term growth and performance.

Disciplined sales culture focused on relationship-based loan and deposit growth with an emphasis on credit quality.

Strong market presence in Pennsylvania, Mid-Atlantic and the Carolinas with attractive growth opportunities throughout.

Significant market share in major MSAs(1)(2); #2 in Pittsburgh, #7 in Baltimore, #9 in Raleigh, #9 in Charlotte, #13 in Cleveland and #3 in Winston-Salem.

Demonstrated attractive financial performance

Attractive financial metrics - 13.2% ROATCE (3), 1.19% ROATA(3) and 56.1% efficiency ratio(3) for the quarter ended 3/31/26.

Lower risk model supports efficient capital structure; maintaining efficient structure heightens capital allocation discipline within the organization and is a key consideration in executing our business strategies.

Strong capital levels on a risk-adjusted and leverage basis.

Strong revenue growth driven by consistent fee income and a favorable deposit mix which outperforms our peers.

Solid income growth in fee-based businesses with CAGR of 9% in operating non-interest income(3) since 2015.

Robust risk management culture and credit discipline resulting in strong and stable asset quality

Lower risk profile with significant investments in enterprise-wide risk management (closely aligned with overall growth).

Low levels of NPLs and NCOs, combined with higher loan loss reserves both on an absolute basis and relative to peers.

Effectively managed through idiosyncratic banking disruption in Spring 2023.

Solid liquidity position with multiple sources of funding

Stable and granular deposit base with 76% insured and collateralized with average account size of ~$33k. Non-interest-bearing demand deposits represent 26% of deposit funding and provides lower cost sources of funding.

Strong liquidity position that is 1.74 times greater than uninsured and non-collateralized deposits.

(1) Deposit market share data as of 6/30/2025. (2) Share rankings reflect traditional retail deposits. (3) A non-GAAP measure. 5

Why FNB?

A Strong Franchise

Proven Performance

Sustainable Growth

Geographic diversity and strong branding in major MSAs we serve.

Nationally recognized as a Top Workplace USA and Culture Excellence Awards winner. Named one of America's Greatest Workplaces by Newsweek.

Prestigious global and national innovation awards for eStore®, Common app and Clicks-to-Bricks strategy. Earned approximately 130 Coalition Greenwich Best Bank Awards since 2011. Honored among the country's top financial services companies by publications such as TIME and USA Today.

Strong executive management team has steered FNB to many awards for performance and leadership, with CEO Magazine naming Vincent J. Delie its 2024 CEO of the Year and The Digital Banker naming Delie CEO of the Year - U.S. in 2025.

Brand Finance ranked Delie among the top 50 CEOs in the US and top 20 bank CEOs globally.

A non-GAAP measure. (2) FTE basis.

Consistent credit underwriting standards and stable asset quality metrics.

Strong capital and liquidity management providing security and flexibility.

Attractive dividend yield with ample capital optionality.

Strong efficiency ratio(1)(2), internal capital generation(1) and operating ROATCE(1).

Investments in digital technology and data infrastructure to drive customer primacy.

Loan and leases totaled

$35.1 billion, across a highly diversified loan portfolio with a focus on concentration management.

Stable and granular deposit balances have increased nearly 14% over the last 3 years.

Continuous benefit from our diversified fee-based business model making up 20% of revenue in 1Q26.

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 Growth

Optimize the Balance Sheet

Build a Strong, Differentiated Brand

Maintain Efficiency and Expense Control

Build a Scalable Infrastructure Through Data and AI Utilization

Promote Core Values

FNB Continues to Serve All its Stakeholders

Committed $50 million to drive growth in rural and historic areas through proprietary Main Street Revitalization Program.

More than $8.2 million given in direct contributions and grants in 2025.

Sponsored the third annual FNB Small Business Development Camp in partnership with the Pittsburgh Penguins and

the Riverside Center for Innovation, providing workshops and grant funds to five small business finalists.

Winner of approx. 130 prestigious Coalition Greenwich Best Bank Awards since 2011.

Recognized on TIME's list of America's Best Financial Services (2026) and USA Today's list of America's Best Customer Service in Financial Services.

Honors for eStore® (Banking Tech Awards USA) and eStore

Common App (Global Retail Banking Innovation Awards).

Community Customers

Record tangible book value per share(1) and tangible common equity ratio(1)

in 1Q26.

Strong internal capital generation(1)

with 12% CAGR since 2017 through 2025.

Returned nearly $79 million in capital directly to shareholders in 2026

and $2.4 billion since 2009.

Shareholders

$16.19 $16.50

Employees

Received more than 90 workplace awards since 2011 on the local, regional and national levels.

2026 Top Workplace USA and Culture Excellence Awards winner.

Named to Newsweek's lists of America's

Most Admired and Greatest Workplaces.

$12.83

$9.80 $10.99 $11.15 $3.36

$14.33

$3.84

$4.32

$4.44

TBV per share(1)

$6.54

$7.64 $8.97

$1.44

$1.92 $2.40 $2.88

$11.87 $12.06

$10.49

Cumulative Dividends

$0.96

$0.48 $7.53

$6.06 $6.68

$7.88 $8.59 $8.27 $9.47

2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26

(1) A non-GAAP measure

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

Geographic Diversity Drive Shareholder Value

Enhance Performance with Investments in

Revenue, Risk Management and Technology

Over 50% of FNB's total asset growth has been

organic since 2009.

Returned $2.4 billion in capital to shareholders through dividends and repurchases since 2009(7).

Total revenue increased ~5x with non-interest income growth in the top quartile.

CAGR 9.6%

$20.03

$8.16

Total Assets

$50.2 B

Internal Capital Generation (ICG)

Total Revenue

$18.8 B

Total CAGR: 11.6%

Organic CAGR (2) : 8.3%

$8.7 B

$22.7 B

$4.65

$0.48

$11.87

$0.37 B

$8.7 B

$4.17

2009

2025

2009

2025

2009

2025

09 Assets Organic Growth Acquisitions TBV(3) Cumulative Dividends Net Interest Income Non-interest Inc

Expanded footprint across a combination of mature and high-growth markets across seven states.

Stable, granular deposit base with an organic CAGR of 8.6%.

Top 5 deposit market share position in nearly 50% of our MSAs(4).

Enhanced capital management, providing strength and flexibility.

2009 1Q26

TCE/TA(3)

5.8%

8.9%

Efficiency Ratio(3)

62.9%

56.1%

ROATCE(3)

8.72%

13.20%

ROATA(3)

0.57%

1.19%

Dividend Payout Ratio

150%

32%

Superior industry-leading total shareholder return(5).

1 Year 3 Year 5 Year 12/31/2009

FNB 28.1% 59.6% 57.2% 375.4%

KBW Index(6) 12.2% 36.1% 3.7% 178.5%

ome

CAGR

10.2%

$1.77 B

Differentiated strategy for driving long-term value:

Diversified fee-income platform

Robust risk management

90+ workplace awards since 2011

Innovative digital and data analytics:

Award-winning eStore® and Common Application

Artificial intelligence and

data science

Omnichannel experience across mobile, online and in-branch.

(1) These results span the tenure of FNB's executive team at the Bank and holding company, including successfully guiding FNB through the aftermath of the

financial crisis, a global pandemic and a banking industry disruption. (2) Excludes the assets acquired through M&A. (3) A non-GAAP measure. (4) FDIC 9

market data as of June 30, 2025. (5) As of March 31, 2026. (6) KBW Regional Banks Index. (7) Includes 1Q26 dividend and share repurchases.

Strong Financial Performance

Solid Profitability

Metrics

Quarter Ended March 31, 2026

13.2%

ROATCE(1)

1.19%

ROATA(1)

56.1%

Efficiency Ratio(1)(2)

3.25%

Net Interest Margin(1)(2)

Significant Capital,

Reserves & Liquidity

as of March 31, 2026

8.9%

TCE/TA(1)

11.4%

CET1

1.26%

ACL Ratio

90.3%

Loan-to-Deposit Ratio

Continued Balance

Sheet Growth

as of March 31, 2026

2.6%

Total Loan Growth(3)

4.5%

Total Deposit Growth(3)

25.7%

Non-Interest Bearing Deposit to Total Deposit Ratio

11.4%

TBV Per Share Growth(1)(3)

(1) A non-GAAP measure. (2) FTE basis. (3) Comparison to March 31, 2025.

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 multi-million-dollar revenue generators(1), leading to a 9% compounded annual growth rate (CAGR) since 2015 for non-interest income.

Capital Markets deep product set includes interest rate and commodities derivatives, international banking, syndications, debt capital markets, public finance and investment banking, allowing FNB to serve all our clients throughout their business's life cycle and deepen our customer relationships by serving as a trusted advisor.

o Capital Markets revenue has more than doubled since 2015.

Total Operating Non-interest Income(2) with a 9% CAGR since 2015

(Chart in millions)

$330

$323

$350

$321

$300

$310

$275

$249

$202

$162

$369

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

(1) Does not include lines of businesses that were added since 2024. (2) A non-GAAP measure.

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

8.2%

7.6%

7.8%

7.2%

7.4%

7.2%

8.9% 8.9%

2019 2020 2021 2022 2023 2024 2025 1Q26

11.4% 11.4%

10.6%

9.8%

9.9%

9.8%

10.0%

9.4%

2019 2020 2021 2022 2023 2024 2025 1Q26

FNB repurchased $35 million, or 2.0 million shares, of common stock at a weighted average share price of $17.41 in 1Q26.

FNB recently announced the authorization of a new $250 million common stock repurchase plan. Including the authority remaining under the previous program, total repurchase capacity was $300 million at April 15, 2026.

A non-GAAP measure, refer to Non-GAAP to GAAP Reconciliation for further information.

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.

2026 FNB Geographic Footprint

2009

1Q26

Total Assets ($B):

$8.7

$50.6

481%

Market Cap(2) ($B):

$0.8

$6.3

720%

# of Branches:

224

356

59%

Deposits per Branch:

$29.1M

$109.9M

278%

Loans per Branch:

$26.7M

$99.2M

271%

FNB Branches FNB ATMs

As part of FNB's organic growth strategy, nearly $70 million has been invested in branch denovos, improvements and repositioning over the past 5 years with over half in denovo branches.

30 denovo branches planned to open between 2026 - 2030 with a focus in high-

growth markets.

Since 2009, FNB's expanded footprint provided access to ~12M new households (HH).

HH CAGR(3) more than double in new markets compared to the legacy FNB footprint.

Average HH income +10% in current footprint vs 2009 footprint.

2025 footprint gives access to ~1M additional HH with an annual income greater than

$200k compared to 2009 footprint.

Branch efficiency significantly improved from our geographic diversity, continued technology investments, and robust suite of products and services with the current footprint at $109.9 million and $99.2 million of deposits and loans per branch, respectively, compared to $29.1 million and $26.7 million in 2009.

(1) MSA demographic data from S&P Global Cap IQ as of December 2025. (2) Market Capitalization based on share price on 12/31/09 and 4/30/26.

(3) Reflects the household CAGR in the new and legacy footprint between 2010 and 2025. 13

Diverse Footprint with Strong Market Share(1)(2)

FNB's market deposit CAGR is 17% over the last 10 years buoyed by our new markets.

Winston-Salem

Population: 707k

# of 100k Bus: 30k

Deposit Market Share Rank: 3

Deposit Market Share: 9.2%

Greensboro

Population: 799k

# of 100k Bus: 13k

Deposit Market Share Rank: 7

Deposit Market Share: 4.1%

Raleigh

Population: 1.6 million # of 100k Bus: 74k

Deposit Market Share Rank: 9

Deposit Market Share: 1.1%

Charlotte

Population: 2.9 million # of 100k Bus: 120k

Deposit Market Share Rank: 9

Deposit Market Share: 0.4%

FNB Branches FNB ATMs

Cleveland Population: 2.2 million # of 100k Bus: 155k

Deposit Market Share Rank: 13

Deposit Market Share: 0.7%

Pittsburgh Population: 2.4 million # of 100k Bus: 182k

Deposit Market Share Rank: 2

Deposit Market Share: 5.5%

Baltimore Population: 2.8 million # of 100k Bus: 180k

Deposit Market Share Rank: 7

Deposit Market Share: 3.1%

Washington D.C Population: 6.4 million # of 100k Bus: 340k

Deposit Market Share Rank: 44

Deposit Market Share: 0.1%

Richmond Population: 1.4 million # of 100k Bus: 65k

First de novo location opened in September of 2024

10 Charleston

Population: 878k

# of 100k Bus: 61k

Deposit Market Share Rank: 25 Deposit Market Share: 0.4%

(1) Demographics and businesses in MSA with estimated annual sales >$100k market data from S&P Global Cap IQ as of December 2025. (2) Share

rankings reflect traditional retail deposits. 14

FNB Wholesale Bank

Commercial Banking

Advisory Services

Corporate and Business Banking • Mezzanine Financing • International Banking • Trust and Fiduciary • Insurance

Investment Real Estate • Treasury Management • Capital Markets • Retirement Services o Property and Casualty

Builder Financing • SBA Lending • Investment Banking • Investment Advisory o Employee Benefits

Asset-Based Lending • Government Banking • Commodity Hedging • Brokerage o Personal

Lease Financing • Public Finance • Private Banking o Title

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.

More robust suite of products and services than peers while providing a higher level of customer service than larger institutions

Experienced team that leads with ideas

Strong commercial relationships that lead to cross-sell opportunities

Data analytics effectively utilized for lead generation and proactive credit risk monitoring

Through the combination of client acquisition and investment in new products and capabilities FNB has achieved:

2025-26 Wholesale Bank Awards and Recognition

2026 Greenwich Awards

Commercial loan growth of 60%(1) since 2017

Total commercial banking revenue more than doubled

since 2017(2)

Manage high-quality relationships with more than

Middle Market

7 National Awards

2 Regional Award (Northeast)

Forbes - Global 2000

Small Business

5 National Awards

90%(3) of commercial customers utilizing Treasury

Management products and services

Non-credit products with high incremental margins

which enhances profitability

Monitor - Top 100 Equipment Finance Companies; Vendor Top 40 (Equipment Finance); Top 50 Banks in Equipment Finance by Assets and Volume.

Export-Import Bank of the United States - 2026 Lender of the Year

(1) Reflects period end balances. (2) Reflects pre-provision net revenue for commercial line of business for full year 2017 to 2025. (3) Includes direct

depository relationship. 15

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

Click-to-Bricks strategy launched

In-branch kiosks with product boxes & QR codes

2021-2023

Deployment of ITMs, ATMs with TellerChat capability

Rebranded the website to include our proprietary eStore® shopping functionality

Embedded the eStore in our award-winning Mobile Banking app

Upgraded all branches with digital eStore kiosks

eStore® Common Application launched

Opportunity IQ launched

Data Science Team formed

2017-2019

2020

Redesigned website with learning tools & transparent account selection tools with a user interface similar to retail experience

Added digital appointment setting to website

Future Outlook

Further leverage artificial intelligence

Customer personalization and insight

Leverage Insight 360 customer dashboard

Enhance data mining capabilities

Implemented our Enterprise Data Warehouse (EDW)

Began the development of software for future Common Application

2024 - 2026

Launched data-driven Lead Generation

Piloted eStore® Connect, incorporating a virtual banker via video chat

Enhanced CardGuard services further expanding customers account management

Introduced personal lines insurance quoting to website

Embedded direct deposit and payment switching capabilities

Incorporated business loan and deposit products into

the Common Application

Implement the Common Application for all in-branch originations

FNB's consistent strategy over the last decade has led to superior digital and data analytics capabilities.

eStore® aggregates product offerings for streamlined customer experience across multiple banking channels, including mobile devices, online and branch kiosks.

Common Application leverages proprietary software to enable customers to bundle and apply for multiple loan and deposit products simultaneously in a single, universal application.

Opportunity IQ leverages the EDW to segment our customer base using machine learning to effectively generate leads.

eStore® Digital Banking Experience

Aggregates product offerings for a consistent and convenient experience

across multiple banking channels.

eStore named

at Banking Tech Awards USA.

144% increase in total eStore interactions year-over-year(1)(2).

experience.

(1) Reflects total eStore interactions in March 2026 compared to March 2025. (2) Implemented the eStore Common Application for in-branch originations

across the footprint in June 2025. 17

Leveraging data analytics, the Enterprise Data Warehouse (EDW) and artificial intelligence to provide insights, drive revenue and deepen existing relationships.

Data Science and Analytics

Tailored Product Offerings

Product Bundling and

"Next Best Product" suggestions

Household Insights Analyze household data to discover insights and recommendations for growth

Opportunity IQ

Enterprise Data

Warehouse

Mined 270 million+ transactions

to identify customer opportunities

Effective Lead Generation With recent model upgrades, leads are 6x more likely to result in an opportunity

Targeting via Personalization Increased response rate for direct marketing while decreasing the cost per acquisition of an

engaged household

Regulatory Models CECL (current expected credit loss) models and stress testing

models to support credit risk and

capital testing

FNB's Holistic Data Strategy

Acquire

Data

Sources

Internal

External

Key Lifestyle Indicators Industry Standards Economic Variables

API Enabled Services

Operational Systems

Loans, Deposits, Credit Card, CRM, Digital Channels, etc.

Evaluate

Self-Service Data Preparation

Analytic

Capabilities

Model

Predict

Collaborate

Discover

Plan

Report

Forecast

Optimize

Analyze

Virtualization Secure Data As A Service

Consolidate

Enterprise Data Warehouse

Dynamic Data Integration Engine

Detailed Customer Interaction Data

Raw Data Vault Business

Vaults

Data Quality Exceptions

Improve operations and assist in Regulatory Compliance

Master Data Management

"Golden Key" for each Customer

to enable a 360-degree View

Reference Data Management For Consistency, Standards, and Compliance

Investments in data architecture lead to organic customer growth

Real Time Queries

API Enabled Web Services

Deliver

Delivery focuses on data science, visualization, and advanced analytics

Casual User Reports

Dashboards

Power User Tools

Data Science

Advanced

Profitability

Household

Analytics

Lead Generation

Operational Systems CRM

Risk Analysis

Cultivating Clarity, Consistency and Intelligibility

Data Governance, Metadata, Data Security, Data Curation 19

Disclaimer

FNB Corporation published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 18:30 UTC.