EX-99.1 2 d410949dex991.htm EX-99.1

Vincent J. Delie, Jr. President and Chief Executive Officer Vincent J. Calabrese, Jr. Chief Financial Officer F.N.B. Corporation Investor Presentation Second Quarter 2012 Dated: September 13, 2012 Exhibit 99.1

Cautionary Statement Regarding Forward-Looking Information and Non-GAAP Financial Information 2 This presentation and the reports F.N.B. Corporation files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of F.N.B. Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause F.N.B. Corporation’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) various monetary and fiscal policies and regulations of the U.S. government that may adversely affect the businesses in which F.N.B. Corporation is engaged; (6) technological issues which may adversely affect F.N.B. Corporation’s financial operations or customers; (7) changes in the securities markets; (8) risk factors mentioned in the reports and registration statements F.N.B. Corporation files with the Securities and Exchange Commission; (9) housing prices; (10) job market; (11) consumer confidence and spending habits; (12) estimates of fair value of certain F.N.B. Corporation assets and liabilities or (13) the effects of current, pending and future legislation, regulation and regulatory actions. F.N.B. Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this presentation. To supplement its consolidated financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), the Corporation provides additional measures of operating results, net income and earnings per share (EPS) adjusted to exclude certain costs, expenses, and gains and losses. The Corporation believes that these non-GAAP financial measures are appropriate to enhance the understanding of its past performance as well as prospects for its future performance. In the event of such a disclosure or release, the Securities and Exchange Commission’s Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most directly comparable financial measure calculated and presented in accordance with GAAP. The required presentations and reconciliations are contained herein and can be found at our website, www.fnbcorporation.com, under “Shareholder and Investor Relations” by clicking on “Non- GAAP Reconciliation.” The Appendix to this presentation contains non-GAAP financial measures used by the Corporation to provide information useful to investors in understanding the Corporation's operating performance and trends, and facilitate comparisons with the performance of the Corporation's peers. While the Corporation believes that these non-GAAP financial measures are useful in evaluating the Corporation, the information should be considered supplemental in nature and not as a substitute for or superior to the relevant financial information prepared in accordance with GAAP. The non-GAAP financial measures used by the Corporation may differ from the non-GAAP financial measures other financial institutions use to measure their results of operations. This information should be reviewed in conjunction with the Corporation’s financial results disclosed on July 24, 2012 and in its periodic filings with the Securities and Exchange Commission.

3 F.N.B. Corporation

Key Facts 4 Attractive Footprint –#3 Market Share in the Pittsburgh MSA –Banking locations network spanning 45 counties –Market Cap of $1.6 Billion –Member S&P SmallCap 600 Index Fourth Largest Pennsylvania-Based Bank –Assets $11.8 Billion –Loans $7.9 Billion –Deposits $9.8 Billion –Banking Locations 266 –Consumer Finance Locations 69 –Headquarters Hermitage, PA Diverse Fee Income Sources with Complementary Business Lines –Business and Personal Banking –Wealth Management –Insurance –Commercial Equipment Leasing –Merchant Banking • First National Bank Location Ohio Pennsylvania NYSE Listed Diversified Financial Institution with a Network of Banking Locations Spanning 45 Counties in Pennsylvania, Northeastern Ohio and West Virginia

Key Investment Considerations 5 Strong Performance Positioning for Sustained Growth 1. Experienced leadership, compelling core competencies and a sustainable business model 2. Clear market position strategy 3. Strong operating results 4. Ongoing reposition and reinvest focus 5. Proven and disciplined acquisition strategy 6. Investment thesis and high quality earnings creates P/E expansion opportunity

Years of Banking Experience Joined FNB Prior Experience President and CEO Vincent J. Delie, Jr. 25 2005 National City President, First National Bank John C. Williams, Jr. 41 2008 National City, Mellon Bank Chief Financial Officer Vincent J. Calabrese, Jr. 24 2007 People’s United Chief Credit Officer Gary L. Guerrieri 26 2002 FNB, Promistar Leadership 6 Experienced and respected executive management team

Core Competencies 7 Proven success and solid foundation for sustainable growth opportunities (1) Organic, linked-quarter growth for the Pennsylvania commercial portfolio; (2) As of June 30, 2012; (3) Represents C&I and owner-occupied CRE Core Competency Proven Sustainable Commercial Bank - Strong C&I Focus 2Q12 marks thirteen consecutive quarters of organic commercial loan growth (1) C&I loan portfolio comprises 34% of the total loan portfolio (2)(3) People: Experienced team of bankers built over the past several years Process: Proprietary, cross- functional and enterprise- wide sales management process Positioning: Attractively positioned in markets with significant growth potential Products: Unique ability to deliver a sophisticated product set while maintaining a local, community bank culture Consumer Product Distribution Strong cross-functional and cross-sell focus Customer-based funding comprises 98% of total deposits and borrowings (2) Low Risk Profile Operating Strategy Balance growth strategy with a low risk profile Consistent, better-than-peers asset quality results Stable net interest margin Proven, Disciplined, Strategic Acquirer Nine bank acquisitions completed since 2002 with two completed since the beginning of 2011 Acquisition evaluation guided by disciplined capital recoupment and operating EPS accretion hurdles Well-positioned in strategically important markets

Sustainable Business Model 8 Sustainable Business Model Disciplined Risk Management Maintain low risk profile Target neutral interest rate risk position Fund loan growth with deposits Adhere to consistent underwriting and pricing standards Maintain rigid expense control Efficient capital management Growth Oriented Organic growth driven by: Investments in people, product development, high- growth potential market segments Acquisition-related growth: FNB Culture Attract, retain and develop top talent Foster a strong cross- sell environment Holistic incentive compensation structure supports cross-functional focus Regularly monitor external and internal service excellence, quality and satisfaction Recognize accomplishments and innovation Shareholder Value Disciplined, growth oriented focus guided by commitment to shareholder value Long-term investment thesis centered on: Deep product set Best-in-class, enterprise-wide sales management Disciplined, strategic, accretive Targeted EPS growth Strong dividend

Industry Leading Loan Growth 9 12 th consecutive quarter of total loan growth 13 th consecutive quarter of Pennsylvania commercial portfolio growth (1) Reflects linked-quarter average organic loan growth results on an annualized basis; (2) Reflects growth excluding the Florida commercial portfolio Three years of consecutive quarterly organic loan growth accomplished Total Loans (1) PA Commercial Loans (1) 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% FNB Excl Non-Core Florida Portfolio FNB 4.30% 3.20% 10.00% 6.70% 5.20% 1.20% 3.40% 11.60% 9.20% 8.70% 6.80% 5.93% 7.21% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% Pennyslvania Commercial Portfolio

10 Market Position and Opportunity

Market Position and Opportunity 11 Attractive overall market position FNB’s banking network spans 45 counties across Pennsylvania, Ohio and West Virginia. FNB holds a strong #3 market share for all counties operation. FNB benefits from a stable Pennsylvania economy that has outperformed much of the nation through the recent economic cycle. Pennsylvania’s unemployment rate has been below the U.S. rate for 51 consecutive months and at or below the U.S. rate for 69 consecutive months. (1) Strong Pittsburgh MSA market position #3 market share for the Pittsburgh MSA, the nation’s 22nd largest based on population and 16 th largest based on deposits. A growth strategy was successfully executed in this market with positive results reflecting team additions and organic and acquisition-related growth. The Pittsburgh market offers significant business banking opportunities due to a concentration of middle market prospects that exceeds the national and Pennsylvania average. A strong presence and the quality team of FNB bankers assembled in the market along with favorable competitive and economic indicators present unique growth opportunities. Marcellus and Utica Shale Exposure FNB is attractively positioned to benefit from positive regional economic lift associated with the Marcellus and Utica Shale. (1) Pennsylvania’s July 2012 seasonally adjusted rate=7.9% compared to the U.S. rate of 8.3%.

Attractive Overall Market Position 12 Source: SNL Financial, deposit data as of June 30, 2011, pro-forma as of September 11, 2012, excludes custodian bank FNB holds the #3 overall retail market position for all counties of operation – with significant opportunities present for continued market share gains FNB Counties of Operation Rank Institution Branch Count Total Market Deposits ($ 000) Total Market Share (%) 1 PNC Financial Services Group 341 48,750,897 30.7% 2 Royal Bank of Scotland Group, PLC 223 10,272,385 6.5% 3 F.N.B. Corporation 266 8,901,081 5.6% 4 M&T Bank Corp. 130 6,364,401 4.0% 5 Huntington Bancshares, Inc. 129 5,838,885 3.7% 6 Wells Fargo & Co. 64 4,830,011 3.0% 7 Banco Santander SA 75 4,770,823 3.0% 8 First Commonwealth Financial Corp. 101 4,010,036 2.5% 9 Dollar Bank Federal Savings Bank 40 3,415,130 2.1% 10 Susquehanna Bancshares 81 3,368,690 2.1% Total (1-160) 2,813 159,009,116 100.00%

Source: SNL Financial and Company data. Strong Pittsburgh Market Position 13 Successful execution of an organic and acquisition growth strategy in the Pittsburgh market 2004 2008 2009 2011 2003 2002 2005 2006 2007 2010 Iron & Glass Bancorp Deposits: $0.2 bn Parkvale Financial Deposits: $1.5 bn Slippery Rock Deposits: $0.2 bn NSD Bancorp Deposits: $0.4 bn Invest in Downtown Pittsburgh Regional Headquarters Relocate Wealth Management and Insurance to Downtown Pittsburgh Lift-out of Asset-Based Lending Group from RBS Citizens Bank Acquisitions: Other Actions: Lift-out of Commercial Banking Team from National City 12/31/2001: Market Rank #34 Loans: $93 mm Employees (FTE): 40 6/30/2012: Market Rank #3 Loans: $2.6 bn Employees (FTE): 621 2012 Promistar Financial (Market Entry) Deposits: $0.6 bn

# 3 Deposit Market Share in a Top 25 U.S. MSA = Opportunity 14 Source: MSA population per U.S. Census Bureau 2010 data; Deposit market share per SNL Financial as of June 30, 2011, pro-forma as of September 11, 2012 (1) Excludes custodian bank Population Rank MSA (000's) #1 #2 #3 1 New York (1) 18,897 JPM BofA Citi 2 Los Angeles 12,829 BofA Wells Fargo Mitsubishi UFJ 3 Chicago 9,461 JPM BMO BofA 4 Dallas 6,372 BofA JPM Wells Fargo 5 Philadelphia 5,965 TD Wells Fargo PNC 6 Houston 5,947 JPM Wells Fargo BofA 7 Washington 5,582 Capital One Wells Fargo BofA 8 Miami 5,565 Wells Fargo BofA Citi 9 Atlanta 5,269 SunTrust Wells Fargo BofA 10 Boston 4,552 BofA RBS Banco Santander 11 San Francisco 4,335 BofA Wells Fargo Citi 12 Detroit 4,296 JPM Comerica BofA 13 Riverside 4,225 BofA Wells Fargo JPM 14 Phoenix 4,193 Wells Fargo JPM BofA 15 Seattle 3,440 BofA Wells Fargo U.S. Bancorp 16 Minneapolis 3,280 Wells Fargo U.S. Bancorp TCF 17 San Diego 3,095 Wells Fargo BofA Mitsubishi UFJ 18 St. Louis (1) 2,813 U.S. Bancorp BofA Commerce 19 Tampa 2,783 BofA Wells Fargo SunTrust 20 Baltimore 2,710 BofA M&T PNC 21 Denver 2,543 Wells Fargo FirstBank JPM 22 Pittsburgh (1) 2,356 PNC RBS 23 Portland 2,226 BofA U.S. Bancorp Wells Fargo 24 Sacramento 2,149 Wells Fargo BofA U.S. Bancorp 25 San Antonio 2,143 Cullen/Frost BofA Wells Fargo Top 3 Banks in MSA by Deposit Market Share FNB is uniquely positioned as one of only very few community banks to hold a Top 3 deposit market rank in one of the nation’s 25 largest metropolitan statistical areas. F.N.B. Corporation

Pittsburgh Market Opportunity 15 Pittsburgh, PA FNB Presence FNB Presence Pittsburgh MSA Market Deposits (1) $3.4 billion % of FNB Total Deposits (1) 38% Deposit Market Share (1) (2) 4.2% Deposit Market Rank (1) (2) 3 Commercial Middle Market Share (3) 12% Market Deposits (2) $81.1 billion Population (2) 2.4 million Households (2) 1.0 million Projected 5-Yr Population Growth (2) -0.84% Projected 5-Yr Household Income Growth (2) 22.6% Number of Firms with <500 Employees (4) 45,000 Number of Firms with >500 Employees (4) 1,800 4-Year Job Growth (7/2008 – 7/2012) (5) 1.40% (1) Pro-forma as of June 30, 2011; (2) Data per SNL; (3) Per 2010 Greenwich Associates Market Tracking Program, % of respondents with revenue between $15 and $500 million that reported a relationship with FNB; (4) Firms and Employment by MSA, U.S. Census Bureau; (5) PittsburghToday.org – Significantly increased FNB presence – #3 market rank following the Parkvale acquisition – Regional headquarters accommodating all lines of business – Deposits increased 126% since 2005 – Branches increased 59% since 2005 – Stable market that has outperformed much of the nation during the recession – Four-year job growth (July 2008-July 2012) comparatively stronger than other regions – Number of businesses located in the MSA significantly exceeds the national and Pennsylvania MSA average, presenting opportunity for additional market share gains

Pittsburgh Market Opportunity 16 (1) Pittsburgh MSA Commercial Market Opportunity, Number of Firms and Employment by MSA sourced from U.S. Census Bureau; (2) Economic Indicators sourced from PittsburghToday.org database Pittsburgh MSA Commercial Market Opportunity (1) and Economic Indicators (2) 0 500 1,000 1,500 2,000 500+ Employees Middle Market and Corporate Pittsburgh MSA Pennsylvania MSA Average National MSA Average 4-Year % Change in Jobs July 2008 – July 2012 5-Year Housing Appreciation 1 Quarter 2012 st July 2012 Unemployment

Marcellus and Utica Shale 17 (1) Sources: www.marcellus.psu.edu, retrieved May 31, 2012; (2) www.dnr.state.oh.us, retrieved May 31, 2012; (3) Sterne Agee June 7, 2010 and FBR Capital Markets, March 2, 2011. FNB is well-positioned in the Marcellus Shale and Utica Shale regions with a Pennsylvania footprint that closely aligns with the Marcellus Shale concentration and exposure to the Utica Shale region in Ohio. FNB has been noted by analysts as being one of the best geographically positioned banks to benefit from the Marcellus Shale. (3) This presents opportunity for FNB given the expected positive economic lift across much of FNB’s footprint.

Marcellus and Utica Shale Economic Effect 18 Opportunity for FNB relates to potential indirect and induced economic benefits across footprint Direct Effect: Oil and Gas Directly associated with the extraction, processing and delivery of the gas Drilling, extraction and support activities Indirect Effect: Supply Chain Provides goods and services to the energy industry e.g.: Iron and steel, transportation, commodity traders, heavy equipment, surveyors, utilities, rig parts, attorneys, real estate, machinery manufacturers, etc. Induced Benefit: Consumption Resulting benefit to industries and individuals from positive direct and indirect effects e.g.: Higher education, travel, housing, food and drink, entertainment, utilities, etc. FNB Strategic Focus: Supply Chain and Consumption

19 Strong Operating Results

2Q12 Highlights 2Q12 operating results – Positive trends in profitability metrics Financial results driven by continued positive trends in key drivers Net income of $29.1 million and diluted earnings per share of $0.21 Net interest margin of 3.80% Strong total loan growth - 12 consecutive quarter of organic growth for total loans Strong commercial loan growth – 13 consecutive quarter organic growth for PA commercial portfolio Strong transaction deposit and customer repurchase growth Good asset quality results reflecting consistent stability in core portfolios Solid non-interest income results Lower operating expenses reflecting continuing expense control and success executing Parkvale Financial acquisition and related cost savings realization Branch optimization/efficiency enhancement plan Continued positive progress executing e-delivery strategy 20 th th

2Q12 Operating Highlights 21 2Q12 1Q12 2Q11 Consistent Earnings Growth Operating net income $29,336 $26,524 $22,467 Operating earnings per diluted share $0.21 $0.19 $0.18 Solid Performance Operating ROTE 19.14% 17.78% 16.85% Operating ROTA 1.13% 1.04% 1.02% Net interest margin 3.80% 3.74% 3.78% Efficiency ratio 57.74% 60.42% 62.31% Strong Organic Growth (1) Total loan growth (2) 4.4% 2.6% 5.1% Commercial loan growth (2) 7.2% 5.9% 9.2% Consumer loan growth 8.3% 1.3% 9.3% Transaction deposits and customer repo growth (3) 14.3% 8.9% 10.8% Operating net income, EPS, ROTE and ROTA excludes merger and severance costs, refer to Non-GAAP Reconciliation included in Appendix (1)Average, annualized linked quarter organic growth results; (2)Excludes the Florida commercial portfolio; (3)Excludes time deposits

Net Interest Margin 22 Net Interest Margin Trend 3.80% 3.74% 3.79% 3.79% 3.78% 3.81% 3.77% 3.78% 3.81% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 2Q12 1Q12 4Q11 3Q11 2Q11 1Q11 4Q10 3Q10 2Q10 Parkvale Acquisition 1/1/2012 Stable net interest margin reflects effective interest rate risk management Managing to a neutral interest rate risk position is a key operating strategy. Consistent loan and transaction deposit growth contributes to stability in the net interest margin. 2Q12 margin includes the benefit of $2.5 million in net accretable yield on acquired loans. Total variable and adjustable-rate loans total 59.2% of total loans at June 30, 2012, relatively stable following the Parkvale acquisition, compared to 59.6% of total loans at December 31, 2011. Low investment portfolio duration of 2.7 at June 30, 2012

Asset Quality Results (1) 23 $ in thousands 2Q12 1Q12 2Q11 2Q12 Highlights NPL’s+OREO/Total loans+OREO 1.93% 2.22% 2.57% Overall asset quality results reflect the continued solid performance of the Pennsylvania and Regency portfolios and significant reductions in the Florida portfolio Continued positive trends seen in delinquency and non-performing loans plus OREO levels NCO’s remain at good levels Florida exposure declined $49.9 million, or 33%, primarily as a result of principal payoffs on performing and non- performing credits Total delinquency 1.78% 2.03% 2.34% Provision for loan losses (2) $7,027 $6,572 $8,551 Net charge-offs (NCO’s) (2) $7,473 $5,141 $6,939 NCO’s/Total average loans (2) 0.38% 0.27% 0.42% NCO’s/Total average originated loans 0.45% 0.32% 0.45% Allowance for loan losses/ Total loans 1.49% 1.55% 1.73% Allowance for loan losses/ Total non-performing loans 104.89% 92.95% 85.84% (1) Metrics shown are originated portfolio metrics unless noted as a total portfolio metric. “Originated portfolio” or “Originated loans” excludes loans acquired at fair value and accounted for in accordance with ASC 805 (effective January 1, 2009), as the risk of credit loss has been considered by virtue of the Corporation’s estimate of fair value. (2) Total portfolio metric

Positive Asset Quality Trends 24 NCO’s to Average Originated Loans (1) NPL’s+OREO to Originated Loans+OREO (1) 0.44% 0.39% 0.36% 0.33% 0.23% 0.77% 0.62% 0.38% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2010 2011 2Q12 YTD FNB excluding Florida Florida Peer Group Median 2.74% 2.15% 1.93% 1.56% 1.29% 1.32% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 2010 2011 2Q12 FNB FNB Excluding Florida Portfolio Peer Group Median (2) Peer data per SNL Financial, refer to Appendix for peer listing; (1) Based on balances at year-end and quarter-end for each period presented. “Originated Loans” excludes loans acquired at fair value and accounted for in accordance with ASC 805 (effective January 1, 2009), as the risk of credit loss has been considered by virtue of the Corporation’s estimate of fair value. (2) Slight increase in NPL+OREO to Originated Loans+OREO for the excluding Florida metric reflects the addition of $6.1 million in OREO from the Parkvale acquisition completed January 1, 2012.

Diversified Loan Portfolio 25 Note: Balance, CAGR and % of Portfolio based on period-end balances 6/30/12 CAGR % of Portfolio ($ in millions) Balance 12/08- 6/12 12/31/08 6/30/12 C&I $1,493 13.9% 16% 19% CRE: Non-Owner Occupied 1,319 10.4% 16% 17% CRE: Owner Occupied 1,214 5.7% 17% 15% Commercial Leases 125 421.6% 1% 2% Total Commercial $4,151 10.6% 50% 53% Consumer Home Equity 1,616 8.2% 21% 21% Residential Mortgage 1,110 20.6% 10% 14% Indirect 563 2.9% 9% 7% Other 173 3.0% 3% 2% Regency 163 0.9% 3% 2% Florida 85 -29.9% 5% 1% Total Loan Portfolio $7,861 9.0% 100% 100% Well diversified portfolio Strong growth results driven by commercial loan growth $7.9 Billion Loan Portfolio June 30, 2012 Commercial & Industrial 19% Consumer Home Equity 21% Residential Mortgage 14% Indirect 7% Other 2% Regency 2% Florida 1% Commercial Leases 2% CRE: Owner Occupied 15% CRE: Non - Owner Occupied 17%

Deposits and Customer Repurchase Agreements 26 Note: Balance, CAGR and % of Portfolio based on period-end balances; (1) Transaction deposits include savings, NOW, MMDA and non-interest bearing deposits; (2) December 31, 2008 through June 30, 2012 6/30/12 CAGR Mix % ($ in millions) Balance 12/08- 6/12 12/31/08 6/30/12 Savings, NOW, MMDA $4,485 14.2% 44% 46% Time Deposits 2,685 4.3% 36% 28% Non-Interest Bearing 1,614 17.5% 14% 17% Customer Repos 970 27.4% 6% 10% Total Deposits and Customer Repo Agreements $9,754 12.4% 100% 100% Transaction Deposits (1) and Customer Repo Agreements $7,069 16.4% 64% 72% Loans to Deposits and Customer Repo Agreements Ratio = 81% at June 30, 2012 Focus on new client acquisition and growing lower cost relationship-based deposits – 16.4% average growth for transaction deposits and customer repo agreements (2) – Improved funding mix $9.8 Billion Deposits and Customer Repo Agreements June 30, 2012 Non-Interest Bearing 17% Savings, NOW, MMDA 46% Customer Repos 10% Time Deposits 28%

% Ratings ($ in millions (1) ) Portfolio Investment % Agency MBS $1,245 54% AAA 100% Highly Rated $2.3 Billion Investment Portfolio June 30, 2012 CMO Agency 420 18% AAA 100% Agency Senior Notes 359 16% AAA 100% Municipals 183 8% AAA AA A 2% 90% 8% Short-Term 25 1% AAA 100% Trust Preferred (2) 29 1% BBB BB B CCC C 8% 30% 6% 7% 49% CMO Private Label 21 1% AAA AA A BBB BB CCC 23% 19% 23% 14% 7% 14% Corporate 17 1% AA A BBB 12% 61% 27% Bank Stocks 2 - Non-Rated Total Investment Portfolio $2,301 100% Investment Portfolio 27 (1) Amounts reflect GAAP; (2) Original cost of $108 million, adjusted cost of $45 million, fair value of $29 million – Highly rated with an average rating of AA and 99.4% of the portfolio rated A or better – General obligation bonds = 99.5% of portfolio – 77.7% from municipalities located throughout Pennsylvania 98% of total portfolio rated AA or better Relatively low duration of 2.7 Municipal bond portfolio

Well Capitalized 28 Consistent capital management strategy focused on the efficient use of capital 12.0% 10.5% 8.1% 5.8% 12.0% 10.5% 8.1% 6.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% Total Risk-Based Tier One Leverage Tangible Common Equity March 31, 2012 June 30, 2012 Regulatory “Well-Capitalized” Dividend Payout Ratio 2Q12 YTD 2011 2010 FNB 66.6% 69.7% 74.0% Regional Peer Group Median 36.1% 31.1% 40.0%

29 Reposition and Reinvest

E-Delivery Strategy Update 30 Using leading edge technology to enhance client value, leading to further client acquisition, supporting client retention and generating related revenue opportunities Delivery Method Status Description Online Bill Pay Completed : October 2011 Online bill pay, person-to-person payments, eBills, and the ability to transfer funds between financial institutions. Mobile Banking Completed : June 2012 Mobile banking services via text banking, mobile browser, and downloadable app for smart phones. 17% of online banking customers enrolled since introduction in early June, 2012. Phase 2: Online Banking/ Mobile Banking Scheduled: 4Q12 Online Phase 2: Personalized marketing campaigns and Money Management tool. 90% of the most commonly used features will be available on the home page. Mobile Phase 2: Remote Deposit Capture and mobile banking alerts among advanced features.

Optimizing Delivery Channel 31 Summary Expected # of locations consolidated 20 Expected # of locations with drive-up services only 3 Banking locations post-consolidation 246 Target date 4Q12 Projected cost savings, pre-tax $4.0 million Projected one-time costs, pre-tax $2.5 million As part of ongoing delivery channel optimization, FNB announces plans to consolidate 20 locations and reduce services at 3 locations Consolidation expected to take place mid-4Q12 This action provides the opportunity to: Enhance operating efficiency and profitability Focus resources in attractive markets Leverage investment in upgraded e-delivery channels

32 Acquisition Strategy

Strategy Focus on strategically important markets with growth potential. Acquisition-related expansion has historically been focused on enhancing presence in the Pittsburgh market and eastern and central Pennsylvania. Consideration given to additional attractive markets contiguous to existing footprint with concentrated commercial and industrial business prospect opportunities. Acquisition Criteria/Evaluation Proficient due diligence and integration team in place Disciplined approach to identifying and selecting targets Targeted financial hurdles taken into consideration Accretive to operating earnings per share the first full year following close. Recoup diminution of capital within a relatively short time-period (target 12-18 months). Superior post-acquisition execution Acquisition Strategy 33

Acquisition-Related Expansion 34 FNB is a proven merger integrator with nine bank acquisitions, totaling $7.9 billion in assets, completed since 2002 Pre-2002 Presence Additional Acquisition-Related Expansion Pittsburgh MSA Acquisition Expansion Current FNB Banking Location

35 Investment Thesis

Long-Term Investment Thesis 36 FNB’s long-term investment thesis reflects a commitment to efficient capital management and creating value for our shareholders Long -Term Investment Thesis: Targeted EPS Growth 5- 6% Expected Dividend Yield (Targeted Payout Ratio 60-70%) 4- 6% Total Shareholder Return 9 -12%

Relative Valuation Multiples 37 FNB Regional Peer Group Median National Peer Group Median (1) Price/Earnings Ratio (2) FY13 Consensus EPS (FNB=$0.88) 12.8x 13.3x 13.3x Price/Tangible Book Value (2) 2.4x 1.5x 1.5x Price/Book Value (2) 1.2x 1.2x 1.2x Dividend Yield (2) 4.3% 2.7% 2.2% FNB has a modest P/E valuation relative to peers given its higher-quality earnings stream, stronger dividend yield and future growth potential Data per SNL Financial: Price/Earnings Ratio based on analyst consensus estimates for FNB and peers; (1) National peer group consists of banks with assets between $5 and $25 billion; (2) As of September 10, 2012 closing prices (FNB=$11.30)

Quality Earnings Stream 38 (1) 2011 per actual results adjusted for merger costs; 2012 and 2013 based on consensus FY2012 and FY2013 estimates as of September 11, 2012 (data per Quality earnings stream demonstrated by positively trending pre-tax, pre-provision earnings SNL Financial) with 2012 adjusted for actual merger and severance costs for the first half of 2012. 5.2% CAGR $1.00 $1.05 $1.10 $1.15 $1.20 $1.25 $1.30 $1.35 $1.40 $1.45 $1.50 2011 2012 2013 Pre tax, Pre provision EPS (1)

Total Shareholder Return and Dividend Yield 39 Current Dividend Yield (1) Last Twelve Months Dividend Payout Ratio Data per SNL Financial; Regional peer group listing included in Supplemental Information; National peer group consists of banks with assets between $5 and $25 billion; (1) As of September 10, 2012 3-Year Total Shareholder Return (1) 1-Year Total Shareholder Return (1) 65% 32% 35% 0% 10% 20% 30% 40% 50% 60% 70% FNB Regional Peers National Peers 4.25% 2.71% 2.22% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% FNB Regional Peers National Peers 42.3% 33.9% 38.0% 26.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% FNB Regional Peers National Peers S&P 500

FNB Among Top Performing Banks 40 Assets ($ billions) ROTCE (%) Efficiency Ratio (%) Net Charge Offs (%) Net Interest Margin Price/TBV (x) Price/ 2013E EPS (x) Dividend Yield (%) Total Return 3 Yr (%) Total Return 1 Yr (%) Peer Median Results Regional Peer Group $9.5 11.68 58.0 0.54 3.77 1.50 13.3 2.71 41.12 33.91 Top 100 Banks/Thrifts Based on Asset Size $13.3 10.97 61.5 0.51 3.61 1.43 12.8 2.27 30.99 36.65 Top 100 Trading at > 2.0x Tangible Book $13.2 17.18 53.8 0.26 3.61 2.21 13.3 2.46 35.10 31.57 F.N.B. Corporation $11.8 18.47 59.1 0.33 3.77 2.40 12.8 4.25 89.43 42.28 Relative Valuation/Total Return Year-to-Date Performance Notes: Data per SNL Financial and FNB. Year-to-date performance represents the first six months of 2012. Relative valuation metrics and total return as of September 10, 2012. FNB ROTCE represents operating ROTCE (adjusted for merger and severance costs).

Relative Valuation Analysis FNB Currently trades at a discount to its peers based on its projected ROATE of 18.2% (2) Where a bank trades relative to tangible book value is highly correlated with its projected return on tangible capital Source: SNL Financial as of 09/10/12; Note: Data set above includes FNB’s regional peer group; (1)R-squared represents the percentage of the variation in price to tangible book value (P/TBV) that can be explained by variation in 2013E projected return on average tangible equity (ROATE); (2)Based on consensus mean estimates for FY2013. 41 6% 8% 10% 12% 14% 16% 18% 20% 0.50x 0.75x 1.00x 1.25x 1.50x 1.75x 2.00x 2.25x 2.50x 2.75x 3.00x Price/Tangible Book Value R-squared = 83% (1)

42 Supplemental Information

43 Supplemental Information Index Regency Finance Company Profile Regional Peer Group Listing Board of Directors GAAP to Non-GAAP Reconciliation

Conservatively run consumer finance business with over 80 years of consumer lending experience Good credit quality: Year-to-date net charge-offs to average loans of 3.57% Strong returns: First six months of 2012: ROA 3.11%, ROE 32.82%, ROTE 36.99% Regency Finance Company Profile (1) Return on average tangible common equity (ROTCE) is calculated by dividing net income less amortization of intangibles by average common equity less average intangibles. 44 69 Locations Spanning Four States Regency Finance Company $163 Million Loan Portfolio 87% of Real Estate Loans are First Mortgages Direct Real Estate Sales Finance (1) Return on average tangible common equity (ROTCE) is calculated by dividing net income less amortization of intangibles by average common equity less average intangibles.

Regional Peer Group Listing 45 ASBC Associated Bancorp NPBC National Penn Bancshares, Inc. CBSH Commerce Bancshares, Inc. ONB Old National Bancorp CBU Community Bank Systems, Inc. PRK Park National Corp CHFC Chemical Financial Corp. PVTB Private Bancorp, Inc. CRBC Citizens Republic Bancorp, Inc. SBNY Signature Bank CSE CapitalSource, Inc. SUSQ Susquehanna Bancshares, Inc. FCF First Commonwealth Financial TCB TCF Financial Corp. FFBC First Financial Bancorp, Inc. UBSI United Bankshares, Inc. FMBI First Midwest Bancorp, Inc. UMBF UMB Financial Corp. FMER First Merit Corp. VLY Valley National Bancorp FULT Fulton Financial WSBC WesBanco, Inc. MBFI MB Financial, Inc. WTFC Wintrust Financial Corp. NBTB NBT Bancorp, Inc.

Board of Directors 46 Name Age Director Since Biography Stephen J. Gurgovits 69 1981 Chairman of the Board effective January 2012; former Chief Executive Officer of F.N.B. Corporation Vincent J. Delie, Jr. 47 2012 President and Chief Executive Officer effective January 2012 William B. Campbell 74 1975 Former Chairman of the Board; More than 30 years executive experience in the manufacturing, steel, commercial development and construction industries. Philip E. Gingerich 75 2008 Director of Omega Financial Corporation from 1994 to 2008; retired real estate appraiser, broker and consultant. Robert R. Goldstein 72 2003 Over 46 years experience in the financial services industry; principal of CapGen Financial Advisors LLC since 2007; Former Chairman of Bay View Capital Corporation. Dawne S. Hickton 54 2006 Vice Chairman, president and chief executive officer of RTI International Metals, Inc. based in Pittsburgh, Pennsylvania. David J. Malone 58 2005 President and Chief Executive Officer of Gateway Financial Group, Inc., a financial services firm located in Pittsburgh, Pennsylvania. D. Stephen Martz 70 2008 Over 45 years experience in the banking and financial services industry; former director, president and chief operating officer of Omega Financial Corporation. Robert J. McCarthy 69 2012 Previously President and CEO of Parkvale Bank and Parkvale Financial Corporation and Vice Chairman of Parkvale Financial Corporation’s Board of Directors. Harry F. Radcliffe 61 2002 Investment manager with extensive prior experience in the financial services industry. Arthur J. Rooney, II 59 2006 President of Pittsburgh Steelers Sports, Inc.; of counsel with Buchanan, Ingersoll & Rooney, P.C. John W. Rose 63 2003 Has served on the boards of 25 separate banks or bank holding companies; currently principal of CapGen Financial Advisors LLC. Stanton R. Sheetz 57 2008 Co-owner and Chief Executive Officer of Sheetz, Inc.; director of Omega Financial Corporation from 1994 to 2008. William J. Strimbu 51 1995 President of Nick Strimbu, Inc. since 1994, a trucking company with common carrier authority. Earl K. Wahl 71 2002 Over 36 years executive experience, owning and operating various businesses involving mining, drilling, industrial contracting, restaurant, municipal and environmental services, including prior ownership of J.E.D. Corporation, an environmental consulting firm.

GAAP to Non-GAAP Reconciliation 47 June 30, 2012 March 31, 2012 June 30, 2011 2012 2011 Operating net income Net income $29,130 $21,582 $22,362 $50,712 $39,537 Merger and severance costs, net of tax 206 4,943 105 5,149 2,800 Operating net income $29,336 $26,524 $22,467 $55,861 $42,337 Operating diluted earnings per share Diluted earnings per share $0.21 $0.15 $0.18 $0.36 $0.32 Effect of merger and severance costs, net of tax 0.00 0.04 0.00 0.04 0.02 Operating diluted earnings per share $0.21 $0.19 $0.18 $0.40 $0.34 Operating return on average tangible equity Operating net income (annualized) $117,991 $106,681 $90,115 $112,336 $85,375 Amortization of intangibles, net of tax (annualized) 6,192 5,964 4,707 6,078 4,720 $124,182 $112,645 $94,822 $118,414 $90,096 Average shareholders' equity $1,367,333 $1,352,569 $1,166,305 $1,359,951 $1,148,065 Less: Average intangible assets 718,507 719,195 603,552 718,851 599,516 Average tangible equity $648,826 $633,375 $562,753 $641,100 $548,549 Operating return on average tangible equity 19.14% 17.78% 16.85% 18.47% 16.42% Operating return on average tangible assets Operating net income (annualized) $117,991 $106,681 $90,115 $112,336 $85,375 Amortization of intangibles, net of tax (annualized) 6,192 5,964 4,707 6,078 4,720 $124,182 $112,645 $94,822 $118,414 $90,096 Average total assets $11,734,221 $11,563,665 $9,866,025 $11,648,943 $9,780,993 Less: Average intangible assets 718,507 719,195 603,552 718,851 599,516 Average tangible assets 11,015,714 $ 10,844,470 $ 9,262,473 $ 10,930,092 $ 9,181,476 $ Operating return on average tangible assets 1.13% 1.04% 1.02% 1.08% 0.98% June 30 Year-to-Date For the Quarter Ended

GAAP to Non-GAAP Reconciliation 48 2011 2010 Operating net income Net income $87,047 $74,652 Merger and severance costs, net of tax 3,238 402 One-time pension credit (6,853) Operating net income $90,285 $68,201 Operating return on average tangible equity Operating net income $90,285 $68,201 Amortization of intangibles, net of tax 4,698 4,364 $94,983 $72,565 Average shareholders' equity $1,181,941 $1,057,732 Less: Average intangible assets 599,851 564,448 Average tangible equity $582,090 $493,284 Operating return on average tangible equity 16.32% 14.71% Operating return on average tangible assets Operating net income (annualized) $90,285 $68,201 Amortization of intangibles, net of tax (annualized) 4,698 4,364 $94,983 $72,565 Average total assets $9,871,164 $8,906,734 Less: Average intangible assets 599,851 564,448 Average tangible assets 9,271,313 $ 8,342,286 $ Operating return on average tangible assets 1.02% 0.87%