F.N.B. Corporation (FNB) Business Profile

What it does

F.N.B. Corporation is a Pittsburgh-based bank and financial holding company. It traces its business through subsidiaries to 1864. Vincent J. Delie, Jr. is its chairman, president and chief executive officer.

Its largest subsidiary, First National Bank of Pennsylvania, provides banking services to consumers, businesses and governments. For consumers, those services include deposit accounts, mortgages, other loans and online and mobile banking. For businesses, the bank offers loans, equipment financing, treasury management and capital markets services. Treasury management helps organizations handle banking and cash needs; equipment financing provides loans and leases for new or used equipment.

FNB also operates wealth management and insurance businesses. Its trust company administers personal and corporate trusts and estates, while another subsidiary offers investment products through an arrangement with an outside brokerage firm. Its insurance agency sells commercial and personal policies from insurance carriers, and another subsidiary offers title insurance.

The company serves customers through branches and digital channels. Its eStore platform lets customers shop and apply for deposit and loan products, access financial education and schedule appointments. Local managers have some decision-making autonomy, while operations, support and risk functions are centralized.

At December 31, 2025, FNB had $50 billion in total assets, $35 billion in loans and $39 billion in deposits. It had 4,282 employees in FY2025.

How it makes money

FNB has three reporting segments: Community Banking, Wealth Management and Insurance. Community Banking is the largest and includes the regional bank’s commercial and consumer lending and deposit businesses. Loans and investments earn interest, while deposits and other liabilities can require interest payments. The difference between interest earned and interest paid affects net interest income.

Commercial customers can borrow for business and real estate needs, obtain equipment loans or leases, and use treasury management and capital markets services. Consumer products include mortgages, other loans and deposit accounts. FNB also offers online and mobile banking. The company’s eStore common application allows customers to apply for almost all of its products and services simultaneously.

Wealth Management provides fiduciary, trust and investment services to individuals, corporations and retirement funds. Its trust company administers estates and trusts, and its investment-services subsidiary works with an outside licensed brokerage firm. The Insurance segment includes a brokerage agency that offers policies from carriers and a reinsurance subsidiary that is not actively underwriting new policies. The bank also offers title insurance.

FNB earns noninterest income from activities including wealth management and capital markets. Treasury management and debit-card activity are other sources of fees. In the first quarter of 2026, noninterest income totaled $91 million, including $21.8 million in wealth management revenues and $6.8 million in capital markets income.

At December 31, 2025, total assets were $50 billion; first-quarter 2026 net income was $137 million. In that quarter, FNB’s net interest margin was 3.25%, and noninterest-bearing deposits remained at 26% of total deposits.

Customers and how it sells

FNB serves consumers, corporations, governments and small- to medium-sized businesses. Its wealth business also serves retirement funds, and its insurance agency sells policies to businesses and individuals. Commercial loans are generally made to established businesses within the bank’s markets.

At December 31, 2025, FNB had 355 Community Banking branches across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia and Washington, D.C. Its metropolitan markets include Pittsburgh, Baltimore, Cleveland, Washington, Charlotte, Raleigh, Durham and Charleston. The substantial majority of Community Banking loans and deposits were generated within its geographic markets.

Customers can use branches, ATMs, mobile and online banking, and the eStore platform. FNB says its entire branch network originates on the same digital platform available to consumers online. It also uses video TellerChat capabilities at some ATMs.

No material portion of Community Banking loans or deposits came from a single customer or small group of customers. The same was true of business in the Wealth Management and Insurance segments. In 2026, FNB announced that it had become Pennsylvania State University’s official and exclusive retail bank and financial provider and was selected as the primary treasury management provider to all Penn State campuses.

Suppliers and costs

FNB’s principal funding sources include customer deposits. The bank also has access to wholesale funding, including borrowing capacity and correspondent bank lines. Interest paid on deposits and other liabilities affects the difference between interest income and interest expense. Seasonal deposit outflows in the first quarter of 2026 were temporarily funded with higher-cost short-term borrowings.

Operating costs include salaries and employee benefits, occupancy and equipment, technology investments and other expenses. First-quarter 2026 noninterest expense was $257.9 million. Occupancy and equipment expense increased, primarily because of technology investments and higher occupancy costs. Other noninterest expense rose partly because of fraud losses, litigation-related expenses and the mortgage down-payment assistance program.

FNB expects full-year 2026 noninterest expense to be at the higher end of its $1 billion to $1.02 billion range because of investments in franchise growth and new strategic initiatives. Its wealth subsidiary uses an outside licensed brokerage firm, while its insurance agency offers policies through insurance carriers. FNB also identifies reliance on third-party vendors and AI as an operating risk.

Competitive position

FNB competes for loans, deposits and financial services with banks, credit unions, mortgage companies, financial technology companies, marketplace lenders and other financial institutions. Wealth management and insurance services also compete with investment managers, brokerage firms, trust providers and insurance agencies. FNB identifies these types of competitors rather than naming individual competing companies.

Competition for loans and deposits depends on service, convenience, product range, pricing, reputation, interest rates and lending limits. FNB also identifies technology and the ability to retain and attract employees as competitive factors. In 2026, the company noted uncertainty about how aggressively other banks would price deposits as they sought to grow commercial lending.

Our reading: FNB’s branch network and existing customer relationships support its competitive position, but those advantages are limited by the range of institutions competing for the same customers. Its business across banking, wealth and insurance gives it opportunities to offer additional services to existing clients.

Our reading: The eStore and shared branch-and-online origination platform support a digital distribution advantage, but the evidence does not establish that these capabilities are difficult for competitors to match. FNB continues to invest in technology to remain competitive.

Growth opportunities

FNB seeks to grow Community Banking by doing more business with current customers, attracting new relationships through existing branches and expanding into markets through new branches and loan production offices. Its insurance agency also aims to serve existing bank customers and gain clients through its own channels.

FNB has announced plans to launch 30 de novos over the next 5 years. It is investing in eStore and developing a customer view that combines internal and external data, with AI intended to help identify products relevant to customers. FNB also says it is building a proprietary mortgage application to embed in its common application.

The company’s Pennsylvania State University partnership adds on-campus banking and treasury management relationships. FNB says it has also won other large treasury management relationships that are moving their business to the bank. In addition, it is investing in treasury management and wealth management offerings.

For full-year 2026, FNB expects period-end loans and deposits to grow mid-single digits. It expects full-year net interest income between $1.495 billion and $1.535 billion and noninterest income between $370 million and $390 million. Those expectations include assumptions about deposit pricing pressure and loan growth. FNB is not actively seeking bank acquisitions and intends to be opportunistic.

Structural risks

• Borrower repayment: FNB’s results are significantly affected by borrowers’ ability to repay. Its loan portfolio includes a substantial amount of commercial loans and leases, and its credit-loss allowance depends on estimates of credit quality and economic conditions.
• Interest rates: Changes in rates and spreads affect the difference between interest earned on assets and interest paid on liabilities. They can also affect borrowers’ ability to meet obligations and change demand for loans and deposits.
• Liquidity and deposits: Liquidity risk could impair FNB’s ability to fund operations and meet obligations. The company identifies uninsured deposit balances and changes in access to funding as risks. At December 31, 2025, approximately 77% of deposits were insured by the FDIC or collateralized.
• Technology and operations: Interruptions or security breaches in information systems could affect the business. FNB also identifies reliance on third-party vendors and AI, and the ability to recruit and retain banking professionals, as risks.
• Regulation and compliance: FNB and its subsidiaries face extensive regulation and examination. Changes in laws or their implementation may materially affect the business; compliance with consent orders involving the bank also carries potential costs and reputational harm.
• Growth: FNB says that if it cannot continue its historical levels of growth, it may not be able to maintain its historical revenue trends.

Bottom line

Our reading

FNB is a regional banking business built around deposits and lending, with wealth and insurance services that extend its customer relationships. [item1]

Its branch network and digital platform provide ways to reach customers, but competition constrains its ability to control pricing. [item1, call_qa]

The business remains exposed to borrower repayment, interest-rate changes and access to funding, while investment in growth and technology adds to operating costs. [item1a, item7, call_prepared]