WELCOME Annual Shareholders Meeting May 23, 2012
STEPHEN GURGOVITS Chairman F.N.B. Corporation
CALL TO ORDER
FORWARD-LOOKING STATEMENTS FORWARD-LOOKING STATEMENTS: This presentation contains certain forward-looking statements relating to present or future trends or factors affecting the financial services industry and specifically the operations, markets and products of F.N.B. Corporation. These statements identified by words such as believes, expects, projects, anticipates, and similar expressions, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act. Actual results could differ from those projected. F.N.B. undertakes no obligation to release revisions to these statements or to reflect events or circumstances after the date of this presentation.
VINCENT DELIE President & C.E.O. F.N.B. Corporation
DAVID MOGLE Corporate Secretary F.N.B. Corporation
AGENDA Official Business Matters C.E.O. Comments Questions & Answers Refreshments
SECRETARY S REPORT Notice Mailed April 4, 2012 Quorum 2011 Annual Meeting Minutes
ELECTION OF DIRECTORS
NOMINEES William Campbell Vincent Delie Philip Gingerich Robert Goldstein Stephen Gurgovits Dawne Hickton David Malone
NOMINEES Stephen Martz Robert McCarthy Harry Radcliffe Arthur Rooney, II John Rose Stanton Sheetz William Strimbu Earl Wahl
ADVISORY PROPOSAL Named Executive Officer Compensation
ACCOUNTING FIRM Ratification of Ernst & Young, L.L.P. Appointment
JUDGES OF ELECTION Cindy Christopher Craig Stover Debbie Yuran
ELECTION OF DIRECTORS VOTING...
C.E.O. COMMENTS
Introductions
VINCE CALABRESE Chief Financial Officer F.N.B. Corporation
GARY GUERRIERI Chief Credit Officer F.N.B. Corporation
JOHN WILLIAMS President First National Bank of Pennsylvania
2011 REVIEW
F.N.B. CORPORATION FACTS 4 th Largest Bank in Pennsylvania Assets $11.7 Billion (1) Loans $7.8 Billion (1) Deposits $9.8 Billion (1) Employees 2,982 (1) Well-Positioned For Continued Growth Attractive market position 266 banking locations Banking locations span 45 counties #3 market share in the Pittsburgh MSA Pennsylvania Ohio First National Bank Location (1) As of March 31, 2012 23
#3 MARKET SHARE Population Top 3 Banks in MSA by Deposit Market Share 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) 3,813 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 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 April 25, 2012; (1) Excludes custodian bank FNB is a uniquely positioned community bank. FNB holds a Top 3 deposit market rank in one of the nation s 25 largest metropolitan statistical areas. 24
2011 ACCOMPLISHMENTS Successful 2011 Strong Financial Results Industry-Leading Loan Growth Stable Net Interest Margin Good Credit Quality Two Bank Acquisitions Capital Raise Deployed Strong Shareholder Return 25
2011 FINANCIAL RESULTS Net income of $90.3 million (1) Diluted earnings per share of $0.72 (1) 22% increase compared to 2010 results (1) Generated total shareholder return of 21% Following 53% total return in 2010 (1) On an operating basis
2011 PEER COMPARISONS FNB Peer Median FNB Percentile Rank Return on Tangible Equity (1) 16.32% 10.71% 93% Return on Tangible Assets (1) 1.02% 0.96% 66% (1) On an operating basis
LOAN GROWTH Industry-Leading Organic Loan Growth Results 8.00% 6.00% 4.00% 2.00% 0.00% -2.00% -4.00% -6.00% -8.00% -10.00% -12.00% 2009 2010 2011 5.84% 4.08% 1.70% 0.50% 0.30% -0.58% -0.33% -5.80% -10.30% FNB All Commercial Banks Regional Peer Group Median 28
First Quarter 2012 Financial Review 29
OPERATING RESULTS First Quarter of 2012 Results a Strong Start to the Year 1Q12 4Q11 1Q11 Earnings Per Common Share (1) $0.19 $0.19 $0.16 Return on Tangible Equity (1) 17.79% 16.10% 15.97% Return on Tangible Assets (1) 1.04% 1.07% 0.94% Net Interest Margin (FTE) 3.74% 3.79% 3.81% Efficiency Ratio 60.4% 59.3% 62.3% Net Charge-Offs to Average Originated Loans 0.32% 1.01% 0.45% (1) On an operating basis
OPERATING RESULTS Continued Success Growing Loans and Deposits Organic Growth Rates: 1Q12 4Q11 1Q11 Total Loan Growth 1.4% 5.1% 5.5% PA Commercial Loan Growth 5.3% 6.8% 10.7% Transaction Deposits and Customer Repos 8.9% 2.8% 4.3%
Well Capitalized WELL CAPITALIZED FNB Continues to Exceed Well-Capitalized Thresholds (1) March 31, 2011 March 31, 2012 14.0% 12.0% 12.5% 12.2% 10.9% 10.7% Regulatory Well-Capitalized 10.0% 8.0% 8.4% 8.1% 6.0% 5.8% 5.8% 4.0% 2.0% 0.0% Total Risk-Based Tier One Leverage Tangible Common Equity 32
Shareholder Return 33
DIVIDEND YIELD FNB s Dividend Yield Continues to Exceed Peer Levels 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Current Dividend Yield (1) 4.54% 2.94% 2.13% FNB Regional Peer Median National Peer Median (1) As of May 18, 2012
STOCK PERFORMANCE 130 120 110 100 90 80 70 60 One-Year Stock Performance - May 18, 2012 5/18/11 6/3/11 6/20/11 7/6/11 7/21/11 8/5/11 8/22/11 9/7/11 9/22/11 10/7/11 10/24/11 11/8/11 11/23/11 12/9/11 12/27/11 1/12/12 1/30/12 2/14/12 3/1/12 3/16/12 4/2/12 4/18/12 5/3/12 5/18/12 FNB 0.28% Regional Bank Peers -0.30% KBW Regional Index -0.91% S&P 500-3.39%
TOTAL SHAREHOLDER RETURN FNB s Total Shareholder Return Compares Favorably to Peer Results 2011 Total Return 3-Year Total Return May 18, 2012 30.0% 25.0% 20.0% 21.0% 70.0% 60.0% 50.0% 61.2% 15.0% 10.0% 40.0% 30.0% 20.0% 17.1% 22.5% 25.1% 5.0% 10.0% 0.0% -5.0% -10.0% FNB Regional Peers National Peers KBW Regional Index -4.6% -5.5% -7.1% 0.0% FNB Regional Peers National Peers KBW Regional Index
VOTING RESULTS
CONGRATULATIONS William Campbell Vincent Delie Philip Gingerich Robert Goldstein Stephen Gurgovits Dawne Hickton David Malone
CONGRATULATIONS Stephen Martz Robert McCarthy Harry Radcliffe Arthur Rooney, II John Rose Stanton Sheetz William Strimbu Earl Wahl
ADVISORY PROPOSAL Named Executive Officer Compensation
ACCOUNTING FIRM Ratification of Ernst & Young, L.L.P. Appointment
BUSINESS CONCLUDED
VINCENT DELIE President & C.E.O. F.N.B. Corporation
CASH DIVIDEND $0.12 Per Share
QUESTIONS AND ANSWERS
THANK YOU FOR ATTENDING