PARENT COMPANY FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

The following is condensed financial information of F.N.B. Corporation (parent company only). In this information, the parent company’s investments in subsidiaries are stated at cost plus equity in undistributed earnings of subsidiaries since acquisition. This information should be read in conjunction with the Consolidated Financial Statements.

TABLE 26.1


Balance Sheets (in millions) December 31	2025		2024
Assets
Cash and cash equivalents	$	288	$	803

Other assets	158		185
Investment in bank subsidiary	6,791		6,272
Investments in and advances to non-bank subsidiaries	592		581
Total Assets	$	7,829	$	7,841
Liabilities
Other liabilities	$	138	$	142
Advances from affiliates	206		197
Long-term borrowings	720		1,193
Subordinated notes:
Short-term	5		6
Long-term	1		1
Total Liabilities	1,070		1,539
Shareholders’ Equity	6,759		6,302
Total Liabilities and Shareholders’ Equity	$	7,829	$	7,841

TABLE 26.2


Statements of Income (in millions) Year Ended December 31	2025		2024		2023
Income
Dividend income from subsidiaries:
Bank	$	227	$	307	$	382
Non-bank	1		2		3
	228		309		385
Interest income	22		23		16
Other income	1		1		1
Total Income	251		333		402
Expenses
Interest expense	70		53		47
Other expenses	57		29		21
Total Expenses	127		82		68
Income Before Taxes and Equity in Undistributed Income of Subsidiaries	124		251		334
Income tax benefit	23		14		15
	147		265		349
Equity in undistributed income of subsidiaries:
Bank	414		194		130
Non-bank	4		6		6
Net Income	$	565	$	465	$	485

TABLE 26.3


Statements of Cash Flows (in millions) Year Ended December 31	2025		2024		2023
Operating Activities
Net income	$	565	$	465	$	485
Adjustments to reconcile net income to net cash flows from operating activities:
Undistributed earnings from subsidiaries	(418)		(200)		(136)
Other, net	28		(6)		(4)
Net cash flows provided by (used in) operating activities	175		259		345
Investing Activities

Net increase in advances to subsidiaries	—		—		(75)
Payment for further investment in subsidiaries	(6)		(3)		(9)
Increase in premises and equipment	(5)		(47)		(8)

Net cash flows provided by (used in) investing activities	(11)		(50)		(92)
Financing Activities
Net decrease in advance from affiliate	9		—		—
Net decrease in short-term borrowings	(1)		—		—
Decrease in long-term debt	(475)		—		(331)
Increase in long-term debt	2		499		2
Redemption of preferred stock	—		(111)		—
Other, net	(40)		8		(29)

Cash dividends paid:
Preferred stock	—		(2)		(8)
Common stock	(174)		(175)		(174)
Net cash flows provided by (used in) financing activities	(679)		219		(540)
Net Increase (Decrease) in Cash and Cash Equivalents	(515)		428		(287)
Cash and cash equivalents at beginning of year	803		375		662
Cash and Cash Equivalents at End of Year	$	288	$	803	$	375
Cash paid during the year for:
Interest	$	72	$	54	$	48