F.N.B. Corporation Reports Record Third Quarter 2013 Net Income of $31.6 Million

   F.N.B. Corporation Reports Record Third Quarter 2013 Net Income of $31.6
                                   Million

PR Newswire

Hermitage, Pa., Oct. 17, 2013

Hermitage, Pa., Oct. 17, 2013 /PRNewswire/ --F.N.B. Corporation (NYSE: FNB)
today reported third quarter of 2013 net income of $31.6 million, or $0.22 per
diluted share, compared to second quarter of 2013 net income of $29.2 million,
or $0.20 per diluted share and third quarter of 2012 net income of $30.7
million, or $0.22 per diluted share.

On an operating^1 basis, third quarter of 2013 operating net income was $32.2
million, or $0.22 per diluted share, compared to second quarter of 2013
operating net income of $30.1 million, or $0.21 per diluted share, and third
quarter of 2012 operating net income of $29.9 million or $0.21 per diluted
share. Operating results are shown adjusted for merger-related costs and
certain non-operating gains; refer to the accompanying data tables for
details.

Results Summary               3Q13  2Q13  3Q12
Reported Results
Net income ($ in millions)    $31.6 $29.2 $30.7
Net income per diluted share  $0.22 $0.20 $0.22
Operating Results (Non-GAAP)1
Net income ($ in millions)    $32.2 $30.1 $29.9
Net income per diluted share  $0.22 $0.21 $0.21

Vincent J. Delie, President and Chief Executive Officer, commented on the
results, "We continue to be pleased with the strong results achieved company
wide. The balance sheet further expanded through annualized loan growth of 9%
and we continued to attract new deposit relationships, with total transaction
deposits growing 7% annualized. Our success growing loans and deposits
supports the net interest margin, which expanded slightly during the quarter.
Asset quality results remained very good and net charge-offs were at very low
levels. Growth realized across our diverse business lines drives results and
delivers solid profitability."

Mr. Delie continued, "The Park View acquisition was completed on October 12,
2013. As a result of the merger, we have significantly expanded our presence
to 29 total locations in eastern Ohiowith 18 locations in the greater
Cleveland area.TheClevelandmarket complements our existing footprint and
presents favorable organic growth opportunities. This expansion further
solidifies our strategy to establish a meaningful presence in the major
metropolitan markets of Pittsburgh, Baltimore and Cleveland and welook
forward to delivering future success."

^1 Non-GAAP measures, refer to Non-GAAP Disclosures and detail in the
accompanying data tables.

Third Quarter 2013 Highlights

  +Loan growth momentum continued with total average loan growth of $200.2
    million, or 9.3% annualized, linked-quarter.
  +FNB's deposit mix further strengthened through continued growth in
    transaction deposits and customer repurchase agreements. Average
    transaction deposits and customer repurchase agreements grew $138.6
    million or 7.0% annualized. Growth in non-interest bearing deposits was
    the primary contributor with average growth of $131.8 million or 27.5%
    annualized. Transaction deposits and customer repurchase agreements
    represent 78% of total deposits and customer repurchase agreements at
    September 30, 2013, improved from 74% at September 30, 2012.
  +The net interest margin expanded 1 basis point to 3.64%.
  +Credit quality metrics were at very good levels and reflect consistent
    results. Net charge-offs were low at 0.26% annualized of total average
    originated loans, compared to 0.33% annualized in the prior quarter.

Third Quarter 2013 Results – Comparison to Prior Quarter
(All comparisons refer to the second quarter of 2013, except as noted)

Net Interest Income/Loans/Deposits
Net interest income on a fully taxable equivalent basis totaled $101.0
million, increasing $2.5 million or 2.6%. The net interest margin of 3.64%
expanded 1 basis point compared to the prior quarter, primarily a result of
the solid growth achieved in total average loans and lower cost transaction
deposits, as well as a lowered cost of funds and a higher investment portfolio
yield. Average earning assets increased $161.6 million, or 5.9% annualized,
due to growth in total average loans of $200.2 million or 9.3% annualized.

Growth in average loans reflects continued solid growth momentum in the
commercial and consumer portfolios. Average commercial loans grew $49.6
million, or 4.2% annualized, representing the eighteenth consecutive quarter
of organic growth for the core commercial portfolio. Consumer loan growth
(consisting of direct, consumer lines of credit and indirect loans) was strong
and benefited from seasonally higher loan volumes and successful sales efforts
to increase market share across the banking footprint. The primary contributor
to the consumer loan growth was $137.3 million growth in home equity-related
loans (direct and consumer lines of credit loans), of which 67% of the new
loan volume represents a first lien position. Average indirect loans
contributed growth of $34.2 million, or 23.1% annualized, given the higher
volume achieved due to overall increased demand.

Total average deposits and customer repurchase agreements totaled $10.4
billion and increased $68.9 million or 2.6% annualized. Through a consistent
strategy focused on relationship-based banking and attracting lower cost
deposits as a primary funding source, FNB's deposit mix further strengthened
through growth in transaction deposit accounts and customer repurchase
agreements of $138.6 million or 7.0% annualized. Growth in non-interest
bearing deposits was the primary contributor, as these average balances grew
$131.8 million or 27.5% annualized. Partially offsetting the transaction
deposit growth was a continued planned decline in time deposits due to the
lower offered rate environment. Transaction deposits and customer repurchase
agreements totaled 78% of total deposits and customer repurchase agreements,
improved from 77% at June 30, 2013 and 74% at September 30, 2012. In addition,
FNB's funding remains predominantly customer-based, with total customer-based
funding representing 96% of total deposits and borrowings. Loans as a
percentage of total deposits and customer repurchase agreements was 84%.

Non-Interest Income
Non-interest income totaled $32.9 million, decreasing $3.9 million, or 10.6%,
as the prior quarter included a $1.6 million gain on extinguishment of debt
and the current quarter was impacted by the loss of $2.6 million in customer
interchange fee revenue due to restrictions imposed by Federal banking
regulations (the Durbin Amendment included within the Dodd-Frank Act). Absent
these items, non-interest income increased slightly.

Non-Interest Expense
Non-interest expense totaled $83.2 million, decreasing $1.0 million or 1.1%.
Merger-related costs of $0.9 million and $2.9 million were included in the
third quarter and second quarter of 2013, respectively. Other components
included in non-interest expense include a decrease in other real estate owned
(OREO) of $0.5 million and lower occupancy and equipment of $0.4 million.
These decreases were offset by a $2.0 million increase in salaries and
benefits primarily due to incentive and performance-related compensation.
Additionally, FDIC insurance expense increased $0.5 million, or 18.3%,
primarily due to revised assessment methodologies.

Credit Quality
Credit quality metrics remained at very good levels, reflecting consistent
solid performance. The provision for loan losses totaled $7.3 million,
compared to $7.9 million, as provision levels continue to support the solid
loan growth. Net charge-offs were good, totaling $5.5 million, or 0.25%
annualized, improved from $7.3 million or 0.34% annualized. For the originated
portfolio, net charge-offs improved 7 basis points to 0.26% annualized of
average originated loans. The ratio of the allowance for loan losses to total
originated loans was 1.34%, consistent with 1.35% at June 30, 2013. The ratio
of the allowance for loan losses to total non-performing loans was 127.37%
compared to 121.68%.

The ratio of non-performing loans and OREO to total loans and OREO improved 7
basis points to 1.33%. For the originated portfolio, the ratio of
non-performing loans and OREO to total loans and OREO was 1.49% at September
30, 2013, a 10 basis point improvement. Total delinquency (total past due and
non-accrual loans) to total originated loans remained unchanged at 1.44%.

Third Quarter 2013 Results – Comparison to Prior-Year Quarter
(All comparisons refer to the third quarter of 2012, except as noted)

Net Interest Income/Loans/Deposits
Net interest income on a fully taxable equivalent basis totaled $101.0
million, increasing $5.7 million or 5.9%. The net interest margin of 3.64%
compares to 3.70%, with 5 basis points of the 6 basis point narrowing due to
the benefit of higher accretable yield in the prior-year quarter. Average
earning assets grew $780.3 million, or 7.6%, reflecting strong organic loan
growth and the addition of Annapolis Bancorp, Inc. (ANNB) on April 6, 2013.

Average loans totaled $8.7 billion and increased $821.3 million, or 10.4%,
reflecting organic loan growth of $562 million, or 7.1%, and loans added in
the ANNB acquisition ($259 million). Strong organic growth in the commercial
portfolio continued, with these average balances increasing organically $312.0
million or 7.3%. Average organic consumer loan growth (consisting of direct,
consumer lines of credit and indirect loans) was also strong with these
balances increasing organically $357.8 million, or 14.6%, driven by growth in
home equity-related loans originated across FNB's branch network.

Total average deposits and customer repurchase agreements totaled $10.4
billion and increased $568.8 million, or 5.8%, reflecting balances added in
the ANNB acquisition ($358 million) and organic growth. Organic growth in
lower cost transaction deposit accounts and customer repurchase agreements was
strong, with growth of $538.4 million, or 7.5%, through new account
acquisition and customers maintaining higher average balances. Growth in
non-interest bearing deposits was strong, with average organic growth of
$283.4 million or 16.9%.

Non-Interest Income
Non-interest income totaled $32.9 million, decreasing $2.0 million, or 5.6%,
reflecting $2.6 million in lower customer-related service charges due to the
Durbin Amendment restrictions effective for FNB on July 1, 2013, and a $1.4
million gain on the sale of a building in the prior-year quarter. Revenue
growth was seen in several other fee income sources, including securities
commissions and fees which increased $0.5 million, or 22.5%, and trust income
which increased $0.4 million or 10.4%.

Non-Interest Expense
Non-interest expense totaled $83.2 million, increasing $6.1 million or 8.0%.
The third quarter of 2013 and the third quarter of 2012 included
merger-related costs of $0.9 million and $0.1 million, respectively. Excluding
merger-related costs, non-interest expense increased $5.3 million, or 6.9%,
and primarily reflects the additional operating costs related to the ANNB
acquisition and higher FDIC insurance expense as a result of FNB exceeding $10
billion in total assets.

Credit Quality
Credit quality results reflect good, consistent results, with slight
improvement over the prior-year quarter. The provision for loan losses was
$7.3 million, compared to $8.4 million, with the decline due to lower
provision for the acquired portfolios as provision levels for the originated
portfolio support the loan growth. Charge-off performance continued to be
good, with net charge-offs totaling $5.5 million, or 0.25% annualized,
improving from $7.4 million or 0.37% annualized. The ratio of the allowance
for loan losses to total originated loans was 1.34%, compared to 1.43% at
September 30, 2012, with the change directionally consistent with the
performance of the portfolio. The ratio of the allowance for loan losses to
total non-performing loans increased to 127.37% compared to 120.23%.

The ratio of non-performing loans and OREO to total loans and OREO improved 15
basis points to 1.33% at September 30, 2013. For the originated portfolio, the
ratio of non-performing loans and OREO to total loans and OREO improved 20
basis points to 1.49% at September 30, 2013. Total delinquency (total past due
and non-accrual loans) to total originated loans improved 22 basis points to
1.44% at September 30, 2013.

Third Quarter 2013 Year-to-Date Results – Comparison to Prior Year-to-Date
(All comparisons refer to the third quarter 2012 year-to-date, except as
noted)

Net income for the first nine months of 2013 was $89.4 million, or $0.62 per
diluted share, compared to $81.5 million or $0.58 per diluted share for the
first nine months of 2012.

Net interest income on a fully taxable equivalent basis totaled $294.4
million, increasing $9.8 million or 3.5%. The net interest margin of 3.64%
compares to 3.75%, with 2 basis points of the narrowing due to $1.7 million
higher accretable yield in the prior-year period. The remaining narrowing
primarily reflected lower yields on earning assets in response to the extended
low interest rate environment partially offset by the benefits to the net
interest margin from strong growth in average loans and lower cost transaction
deposits and customer repurchase agreements and a lower cost of funds. Average
earning assets grew $669.0 million or 6.6%, reflecting strong organic loan
growth and the addition of ANNB.

Average loans totaled $8.5 billion and increased $643.8 million, or 8.2%,
reflecting organic loan growth of $476.8 million or 6.1% and loans added in
the ANNB acquisition. Total average deposits and customer repurchase
agreements totaled $10.2 billion and increased $498.0 million, or 5.1%,
reflecting organic growth and balances added in the ANNB acquisition. Organic
growth in lower cost transaction deposit accounts and customer repurchase
agreements was strong, growing $591.2 million or 8.4%. Growth in non-interest
bearing deposits was strong, with average organic growth of $274.7 million or
17.5%.

Non-interest income totaled $103.3 million, increasing $3.9 million or 4.0%.
The increase reflects improved revenue across several business lines,
including wealth management and mortgage banking, due to the benefit of
revenue-enhancing strategies and initiatives. Wealth management revenue
increased $3.3 million, or 18.8%, and gain on sale of loans increased $0.2
million or 9.1%. The first nine months of 2013 was impacted by the $2.6
million lower customer-related service charges due to the Durbin Amendment
restrictions effective for FNB on July 1, 2013. In addition, the first nine
months of 2013 included a $1.6 million gain on extinguishment of debt, while
the first nine months of 2012 included a $1.4 million gain on the sale of a
building.

Non-interest expense totaled $246.3 million, increasing $4.0 million, or 1.7%.
Merger-related and severance costs of $4.2 million and $7.9 million were
included in the first nine months of 2013 and 2012, respectively. The first
nine months of 2013 included the operating costs related to the ANNB
acquisition and higher FDIC insurance expense of $2.0 million, or 32.8%, which
were partially offset by the benefit of lower OREO expense of $2.6 million or
66.9%.

Credit quality results for the first nine months of 2013 demonstrated
stability with slight improvements compared to the year-ago period. The
provision for loan losses equaled $22.7 million, increased slightly from $22.0
million, reflecting provision required to support the strong loan growth.
Charge-off performance continued to be good, with net charge-offs totaling
$17.0 million, or 0.27% annualized, improved from $20.0 million or 0.34%
annualized.

Income Taxes
Income taxes for the third quarter of 2013 include the benefit of tax credits
realized on the 2012 income tax return,resulting in a lower effective income
tax rate.

Capital Position
The Corporation's capital levels at September 30, 2013 continue to exceed
federal bank regulatory agency "well capitalized" thresholds. At September 30,
2013, estimated regulatory ratios remained consistent with June 30, 2013
levels. The estimated total risk-based capital ratio was 12.2%, the estimated
tier 1 risk-based capital ratio was 10.7% and the estimated leverage ratio was
8.4%.

At September 30, 2013, the tangible equity to tangible assets ratio (non-GAAP
measure) was 6.09% compared to 6.11% at June 30, 2013, reflecting the strong
asset growth during the third quarter of 2013. The tangible book value per
share (non-GAAP measure) increased to $5.04 from $4.97 over this same period.
The dividend payout ratio for the third quarter of 2013 was 56%.

Conference Call
F.N.B. Corporation will host its quarterly conference call to discuss third
quarter 2013 financial results on Friday, October 18, 2013 at 10:00 a.m.
Eastern Time. Participating callers may access the call by dialing (888)
539-3612 or (719) 457-2085 for international callers; the confirmation number
is 3397005. The Webcast and presentation materials may be accessed through the
"Shareholder and Investor Relations" section of the Corporation's Web site at
www.fnbcorporation.com.

A replay of the call will be available from 1:00 p.m. Eastern Time the day of
the call until midnight Eastern Time on Friday, October 25, 2013. The replay
is accessible by dialing (877) 870-5176 or (858) 384-5517 for international
callers; the confirmation number is 3397005. The call transcript and Webcast
will be available on the "Shareholder and Investor Relations" section of
F.N.B. Corporation's Web site at www.fnbcorporation.com.

Additional Corporate Developments
On October 3, 2013, Moody's Investor Services assigned first-time ratings to
F.N.B. Corporation, with an issuer rating at Baa3, and to its banking
subsidiary, First National Bank of Pennsylvania, with a long-term deposits and
other senior obligations rating of Baa2.

On October 12, 2013, F.N.B. Corporation completed the acquisition of PVF
Capital Corp. As a result of the merger, First National Bank now operates a
total of 29 banking offices in Ohio, including 18 in the greater Cleveland
area.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Hermitage, Pennsylvania, is a
regional diversified financial services company operating in six states and
three major metropolitan areas including Pittsburgh, PA, where it holds the
number three retail deposit market share, Baltimore, MD and Cleveland, OH. The
Company has total assets of $12.8 billion and more than 250 banking offices
throughout Pennsylvania, Ohio, West Virginia and Maryland. F.N.B. provides a
full range of commercial banking, consumer banking and wealth management
solutions through its subsidiary network which is led by its largest
affiliate, First National Bank of Pennsylvania. Commercial banking solutions
include corporate banking, small business banking, investment real estate
financing, asset based lending, capital markets and lease financing. The
consumer banking segment provides a full line of consumer banking products and
services including deposit products, mortgage lending, consumer lending and a
complete suite of mobile and online banking services. F.N.B.'s wealth
management services include asset management, private banking and insurance.
The Company also operates Regency Finance Company, which has more than 70
consumer finance offices in Pennsylvania, Ohio, Kentucky and Tennessee.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange
under the symbol "FNB" and is included in Standard & Poor's SmallCap 600 Index
with the Global Industry Classification Standard (GICS) Regional Banks
Sub-Industry Index. Customers, shareholders and investors can learn more about
this regional financial institution by visiting the F.N.B. Corporation web
site at www.fnbcorporation.com.

Cautionary Statement Regarding Forward-looking Information
We make statements in this press release and related conference call, and may
from time to time make other statements, regarding our outlook for earnings,
revenues, expenses, capital levels, liquidity levels, asset levels, asset
quality and other matters regarding or affecting F.N.B. Corporation and its
future business and operations that are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act. Forward-looking
statements are typically identified by words such as "believe," "plan,"
"expect," "anticipate," "see," "look," "intend," "outlook," "project,"
"forecast," "estimate," "goal," "will," "should" and other similar words and
expressions. Forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time.

Forward-looking statements speak only as of the date made. We do not assume
any duty and do not undertake to update forward-looking statements. Actual
results or future events could differ, possibly materially, from those
anticipated in forward-looking statements, as well as from historical
performance.

Our forward-looking statements are subject to the following principal risks
and uncertainties:

  oOur businesses, financial results and balance sheet values are affected by
    business and economic conditions, including the following:

       oChanges in interest rates and valuations in debt, equity and other
         financial markets.
       oDisruptions in the liquidity and other functioning of U.S. and global
         financial markets.
       oThe anticipated impact of the current shutdown of U.S. Government
         operations on levels of economic activity in the markets in which
         F.N.B. Corporation operates, and the impact on federal regulated
         agencies that have oversight or review of F.N.B. Corporation's
         business and securities activities.
       oActions by the Federal Reserve, U.S. Treasury and other government
         agencies, including those that impact money supply and market
         interest rates.
       oChanges in customers', suppliers' and other counterparties'
         performance and creditworthiness which adversely affect loan
         utilization rates, delinquencies, defaults and counterparty ability
         to meet credit and other obligations.
       oSlowing of the current moderate economic recovery and persistence or
         worsening levels of unemployment.
       oChanges in customer preferences and behavior, whether due to changing
         business and economic conditions, legislative and regulatory
         initiatives, or other factors.

  oLegal and regulatory developments could affect our ability to operate our
    businesses, financial condition, results of operations, competitive
    position, reputation, or pursuit of attractive acquisition opportunities.
    Reputational impacts could affect matters such as business generation and
    retention, liquidity, funding, and ability to attract and retain
    management. These developments could include:

       oChanges resulting from legislative and regulatory reforms, including
         broad-based restructuring of financial industry regulation; changes
         to laws and regulations involving tax, pension, bankruptcy, consumer
         protection, and other industry aspects; and changes in accounting
         policies and principles. We will continue to be impacted by
         extensive reforms provided for in the Dodd-Frank Wall Street Reform
         and Consumer Protection Act and otherwise growing out of the recent
         financial crisis, the precise nature, extent and timing of which, and
         their impact on us, remains uncertain.
       oThe impact on fee income opportunities resulting from the limit
         imposed under the Durbin Amendment of the Dodd-Frank Act on the
         maximum permissible interchange fee that banks may collect from
         merchants for debit card transactions.
       oChanges to regulations governing bank capital and liquidity
         standards, including due to the Dodd-Frank Act and Basel III
         initiatives.
       oImpact on business and operating results of any costs associated with
         obtaining rights in intellectual property, the adequacy of our
         intellectual property protection in general and rapid technological
         developments and changes. Our ability to anticipate and respond to
         technological changes can also impact our ability to respond to
         customer needs and meet competitive demands.

  oBusiness and operating results are affected by our ability to identify and
    effectively manage risks inherent in our businesses, including, where
    appropriate, through effective use of third-party insurance, derivatives,
    swaps, and capital management techniques, and to meet evolving regulatory
    capital standards.
  oIncreased competition, whether due to consolidation among financial
    institutions; realignments or consolidation of branch offices, legal and
    regulatory developments, industry restructuring or other causes, can have
    an impact on customer acquisition, growth and retention and on credit
    spreads and product pricing, which can affect market share, deposits and
    revenues.
  oAs demonstrated by our Annapolis Bancorp, Inc. and PVF Capital Corp.
    acquisitions and the pending acquisition of BCSB Bancorp, Inc., we grow
    our business in part by acquiring from time to time other financial
    services companies, financial services assets and related deposits. These
    acquisitions often present risks and uncertainties, including, the
    possibility that the transaction cannot be consummated; regulatory issues;
    cost, or difficulties, involved in integration and conversion of the
    acquired businesses after closing; inability to realize expected cost
    savings, efficiencies and strategic advantages; the extent of credit
    losses in acquired loan portfolios and extent of deposit attrition; and
    the potential dilutive effect to our current shareholders. In addition,
    with respect to the acquisition of Annapolis Bancorp, Inc., PVF Capital
    Corp. and the pending acquisition of and BCSB Bancorp, Inc., F.N.B.
    Corporation may experience difficulties in expanding into a new market
    area, including retention of customers and key personnel of Annapolis
    Bancorp, Inc., PVF Capital Corp., Inc. and BCSB Bancorp, Inc.
  oCompetition can have an impact on customer acquisition, growth and
    retention and on credit spreads and product pricing, which can affect
    market share, deposits and revenues. Industry restructuring in the
    current environment could also impact our business and financial
    performance through changes in counterparty creditworthiness and
    performance and the competitive and regulatory landscape. Our ability to
    anticipate and respond to technological changes can also impact our
    ability to respond to customer needs and meet competitive demands.
  oBusiness and operating results can also be affected by widespread
    disasters, dislocations, terrorist activities or international hostilities
    through their impacts on the economy and financial markets.

We provide greater detail regarding some of these factors in our 2012 Form
10-K and 2013 Form 10-Qs, including the Risk Factors section of those reports,
and our subsequent SEC filings. Our forward-looking statements may also be
subject to other risks and uncertainties, including those we may discuss
elsewhere in this news release or in SEC filings, accessible on the SEC's
website at www.sec.gov and on our corporate website at
www.fnbcorporation.com. We have included these web addresses as inactive
textual references only. Information on these websites is not part of this
document.

DATA SHEETS FOLLOW





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
                                                           3Q13 -    3Q13 -
                             2013                2012      2Q13      3Q12
                             Third     Second    Third     Percent   Percent
Statement of earnings        Quarter   Quarter   Quarter   Variance  Variance
Interest income             $109,790  $107,841  $107,756  1.8       1.9
Interest expense             10,536    11,095    14,225    -5.0      -25.9
 Net interest income       99,254    96,746    93,531    2.6       6.1
Taxable equivalent           1,781     1,743     1,852     2.2       -3.8
adjustment
 Net interest income (FTE) 101,035   98,489    95,383    2.6       5.9
(1)
Provision for loan losses    7,280     7,903     8,429     -7.9      -13.6
 Net interest income after 93,755    90,586    86,954    3.5       7.8
provision (FTE)
Impairment losses on         0         0         (440)     n/m       n/m
securities
Non-credit related losses on
securities not
 expected to be sold
(recognized in other         0         0         321       n/m       n/m
comprehensive income)
Net impairment losses on     0         0         (119)     n/m       n/m
securities
Service charges              16,512    18,660    17,666    -11.5     -6.5
Insurance commissions and    4,088     4,101     4,578     -0.3      -10.7
fees
Securities commissions and   2,575     2,867     2,102     -10.2     22.5
fees
Trust income                 4,176     4,167     3,783     0.2       10.4
Gain on sale of securities   5         68        (66)      n/m       n/m
Gain on sale of loans        899       1,022     1,176     -12.0     -23.5
Other                        4,603     5,866     5,693     -21.5     -19.1
 Total non-interest income 32,858    36,751    34,813    -10.6     -5.6
Salaries and employee        45,155    43,201    41,579    4.5       8.6
benefits
Occupancy and equipment      12,547    12,945    11,568    -3.1      8.5
FDIC insurance               3,161     2,672     2,014     18.3      56.9
Amortization of intangibles  2,115     2,125     2,242     -0.5      -5.7
Other real estate owned      277       820       796       -66.3     -65.2
Merger-related               913       2,946     88        n/m       n/m
Other                        19,053    19,472    18,795    -2.2      1.4
 Total non-interest        83,221    84,181    77,082    -1.1      8.0
expense
Income before income taxes   43,392    43,156    44,685    0.5       -2.9
Taxable equivalent           1,781     1,743     1,852     2.2       -3.8
adjustment
Income taxes                 9,977     12,220    12,090    -18.4     -17.5
 Net income                $31,634   $29,193   $30,743   8.4       2.9
Earnings per share:
 Basic                     $0.22     $0.20     $0.22     10.0      0.0
 Diluted                   $0.22     $0.20     $0.22     10.0      0.0
Non-GAAP Operating Results
Operating net income:
 Net income                 $31,634   $29,193   $30,743
 Gain on extinguishment of  0         (1,013)   0
debt, net of tax
 Gain on sale of acquired   0         0         (942)
building, net of tax
 Merger and severance       594       1,915     57
costs, net of tax
 Operating net income       $32,228   $30,095   $29,858   7.1       7.9
Operating diluted earnings
per share:
 Diluted earnings per share $0.22     $0.20     $0.22
 Effect of gain on
extinguishment of debt, net  0.00      (0.01)    0.00
of tax
 Effect of gain on sale of
acquired building, net of    0.00      0.00      (0.01)
tax
 Effect of merger and       0.00      0.01      0.00
severance costs, net of tax
 Operating diluted earnings $0.22     $0.21     $0.21     4.8       4.8
per share





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
                                                For the Nine Months
                                                Ended September 30,  Percent
Statement of earnings                           2013       2012      Variance
Interest income                                $322,749   $324,328  -0.5
Interest expense                                33,653     45,395    -25.9
 Net interest income                          289,096    278,933   3.6
Taxable equivalent adjustment                   5,265      5,584     -5.7
 Net interest income (FTE) (1)                294,361    284,517   3.5
Provision for loan losses                       22,724     22,028    3.2
 Net interest income after provision (FTE)    271,637    262,489   3.5
Impairment losses on securities                 0          (440)     n/m
Non-credit related losses on securities not
 expected to be sold (recognized in other
 comprehensive income)                        0          321       n/m
Net impairment losses on securities             0          (119)     n/m
Service charges                                 51,703     52,419    -1.4
Insurance commissions and fees                  12,619     12,632    -0.1
Securities commissions and fees                 8,365      6,143     36.2
Trust income                                    12,428     11,359    9.4
Gain on sale of securities                      757        302       n/m
Gain on sale of loans                           2,942      2,696     9.1
Other                                           14,468     13,904    4.1
 Total non-interest income                    103,282    99,336    4.0
Salaries and employee benefits                  132,261    127,255   3.9
Occupancy and equipment                         37,682     35,222    7.0
FDIC insurance                                  8,197      6,172     32.8
Amortization of intangibles                     6,226      6,892     -9.7
Other real estate owned                         1,289      3,899     -66.9
Merger-related                                  4,211      7,399     -43.1
Other                                           56,399     55,398    1.8
 Total non-interest expense                   246,265    242,237   1.7
Income before income taxes                      128,654    119,588   7.6
Taxable equivalent adjustment                   5,265      5,584     -5.7
Income taxes                                    34,024     32,549    4.5
 Net income                                   $89,365    $81,455   9.7
Earnings per share:
 Basic                                        $0.63      $0.59     6.8
 Diluted                                      $0.62      $0.58     6.9
Non-GAAP Operating Results
Operating net income:
 Net income                                    $89,365    $81,455
 Gain on extinguishment of debt, net of tax    (1,013)    0
 Gain on sale of acquired building, net of     0          (942)
tax
 Merger and severance costs, net of tax        2,738      5,206
 Operating net income                          $91,089    $85,719   6.3
Operating diluted earnings per share:
 Diluted earnings per share                    $0.62      $0.58
 Effect of gain on extinguishment of debt, net (0.01)     0.00
of tax
 Effect of gain on sale of acquired building,  0.00       (0.01)
net of tax
 Effect of merger and severance costs, net of  0.02       0.04
tax
 Operating diluted earnings per share          $0.63      $0.61     3.3





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                                          3Q13 -    3Q13 -
                   2013                      2012         2Q13      3Q12
                   Third        Second       Third        Percent   Percent
Balance Sheet (at  Quarter      Quarter      Quarter      Variance  Variance
period end)
Assets
Cash and due from  $234,746     $197,879     $203,503     18.6      15.4
banks
Interest bearing
deposits with      48,763       32,223       164,091      51.3      -70.3
banks
 Cash and cash   283,509      230,102      367,594      23.2      -22.9
equivalents
Securities         1,115,558    1,164,903    1,112,839    -4.2      0.2
available for sale
Securities held to 1,180,992    1,149,481    1,151,743    2.7       2.5
maturity
Residential
mortgage loans     8,105        19,614       21,575       -58.7     -62.4
held for sale
Loans, net of      8,836,905    8,637,089    7,979,450    2.3       10.7
unearned income
Allowance for loan (110,052)    (108,280)    (102,714)    1.6       7.1
losses
 Net loans       8,726,853    8,528,809    7,876,736    2.3       10.8
Premises and       147,406      145,833      145,043      1.1       1.6
equipment, net
Goodwill           713,509      709,477      677,168      0.6       5.4
Core deposit and
other intangible   35,400       37,503       40,095       -5.6      -11.7
assets, net
Bank owned life    263,781      262,877      239,615      0.3       10.1
insurance
Other assets       315,166      324,792      352,483      -3.0      -10.6
Total Assets       $12,790,279  $12,573,391  $11,984,891  1.7       6.7
Liabilities
Deposits:
 Non-interest    $2,115,813   $1,974,415   $1,735,857   7.2       21.9
bearing demand
 Savings and NOW 5,247,922    5,243,746    4,764,148    0.1       10.2
 Certificates
and other time     2,359,636    2,428,037    2,625,818    -2.8      -10.1
deposits
 Total        9,723,371    9,646,198    9,125,823    0.8       6.5
Deposits
Other liabilities  133,061      140,958      150,152      -5.6      -11.4
Short-term         1,166,180    1,030,617    1,019,411    13.2      14.4
borrowings
Long-term debt     91,807       92,420       90,501       -0.7      1.4
Junior             194,213      194,200      204,006      0.0       -4.8
subordinated debt
 Total           11,308,632   11,104,393   10,589,893   1.8       6.8
Liabilities
Stockholders'
Equity
Common stock       1,455        1,454        1,397        0.1       4.2
Additional paid-in 1,440,779    1,438,008    1,374,241    0.2       4.8
capital
Retained earnings  112,649      98,575       63,298       14.3      78.0
Accumulated other
comprehensive      (66,171)     (62,077)     (38,972)     6.6       69.8
income
Treasury stock     (7,065)      (6,962)      (4,966)      1.5       42.3
 Total
Stockholders'      1,481,647    1,468,998    1,394,998    0.9       6.2
Equity
Total Liabilities
and Stockholders'  $12,790,279  $12,573,391  $11,984,891  1.7       6.7
Equity
Selected average
balances
Total assets       $12,615,338  $12,470,029  $11,842,204  1.2       6.5
Earning assets    11,047,767   10,886,197   10,267,435   1.5       7.6
Securities         2,275,473    2,296,190    2,252,760    -0.9      1.0
Interest bearing
deposits with      42,284       60,198       106,005      -29.8     -60.1
banks
Loans, net of      8,730,010    8,529,810    7,908,671    2.3       10.4
unearned income
Allowance for loan 110,463      109,156      103,757      1.2       6.5
losses
Goodwill and       748,592      745,458      714,501      0.4       4.8
intangibles
Deposits and
customer           10,402,935   10,333,999   9,834,111    0.7       5.8
repurchase
agreements (6)
Short-term         318,023      224,769      159,843      41.5      99.0
borrowings
Long-term debt     91,659       93,273       90,869       -1.7      0.9
Trust preferred    194,206      206,602      203,999      -6.0      -4.8
securities
Shareholders'      1,475,751    1,473,945    1,385,282    0.1       6.5
equity
Common stock data
Average basic      144,759,887  144,380,873  139,228,812  0.3       4.0
shares outstanding
Average diluted    146,446,442  145,844,164  140,764,052  0.4       4.0
shares outstanding
Ending shares      145,263,435  145,151,279  139,792,727  0.1       3.9
outstanding
Book value per     $10.20       $10.12       $9.98        0.8       2.2
share
Tangible book
value per share    $5.04        $4.97        $4.85        1.4       4.0
(4)
Dividend payout    55.51%       60.08%       55.07%
ratio





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                           For the Nine Months
                                           Ended September 30,       Percent
Balance Sheet (at period end)              2013         2012         Variance
Assets
Cash and due from banks                    $234,746     $203,503     15.4
Interest bearing deposits with banks       48,763       164,091      -70.3
 Cash and cash equivalents               283,509      367,594      -22.9
Securities available for sale              1,115,558    1,112,839    0.2
Securities held to maturity                1,180,992    1,151,743    2.5
Residential mortgage loans held for sale   8,105        21,575       -62.4
Loans, net of unearned income              8,836,905    7,979,450    10.7
Allowance for loan losses                  (110,052)    (102,714)    7.1
 Net loans                               8,726,853    7,876,736    10.8
Premises and equipment, net                147,406      145,043      1.6
Goodwill                                   713,509      677,168      5.4
Core deposit and other intangible assets,  35,400       40,095       -11.7
net
Bank owned life insurance                  263,781      239,615      10.1
Other assets                               315,166      352,483      -10.6
Total Assets                               $12,790,279  $11,984,891  6.7
Liabilities
Deposits:
 Non-interest bearing demand             $2,115,813   $1,735,857   21.9
 Savings and NOW                         5,247,922    4,764,148    10.2
 Certificates and other time deposits    2,359,636    2,625,818    -10.1
 Total Deposits                       9,723,371    9,125,823    6.5
Other liabilities                          133,061      150,152      -11.4
Short-term borrowings                      1,166,180    1,019,411    14.4
Long-term debt                             91,807       90,501       1.4
Junior subordinated debt                   194,213      204,006      -4.8
 Total Liabilities                       11,308,632   10,589,893   6.8
Stockholders' Equity
Common stock                               1,455        1,397        4.2
Additional paid-in capital                 1,440,779    1,374,241    4.8
Retained earnings                          112,649      63,298       78.0
Accumulated other comprehensive income     (66,171)     (38,972)     69.8
Treasury stock                             (7,065)      (4,966)      42.3
 Total Stockholders' Equity              1,481,647    1,394,998    6.2
Total Liabilities and Stockholders'        $12,790,279  $11,984,891  6.7
Equity
Selected average balances
Total assets                               $12,365,612  $11,713,834  5.6
Earning assets                            10,804,457   10,134,633   6.6
Securities                                 2,275,427    2,201,128    3.4
Interest bearing deposits with banks       54,896       103,149      -46.8
Loans, net of unearned income              8,474,134    7,830,355    8.2
Allowance for loan losses                  108,173      103,299      4.7
Goodwill and intangibles                   735,638      717,390      2.5
Deposits and customer repurchase           10,226,771   9,728,764    5.1
agreements (6)
Short-term borrowings                      250,845      159,774      57.0
Long-term debt                             92,203       91,221       1.1
Trust preferred securities                 201,575      203,290      -0.8
Shareholders' equity                      1,453,746    1,368,457    6.2
Common stock data
Average basic shares outstanding           142,949,134  139,074,244  2.8
Average diluted shares outstanding         144,469,817  140,548,578  2.8
Ending shares outstanding                  145,263,435  139,792,727  3.9
Book value per share                       $10.20       $9.98        2.2
Tangible book value per share (4)          $5.04        $4.85        4.0
Dividend payout ratio                      58.22%       62.25%





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                                           3Q13 -    3Q13 -
                    2013                      2012         2Q13      3Q12
                    Third        Second       Third        Percent   Percent
                    Quarter      Quarter      Quarter      Variance  Variance
Performance ratios
Return on average   8.50%        7.94%        8.83%
equity
Return on average
tangible equity (2) 18.01%       16.83%       19.10%
(4)
Return on average   0.99%        0.94%        1.03%
assets
Return on average
tangible assets (3) 1.10%        1.05%        1.15%
(4)
Net interest margin 3.64%        3.63%        3.70%
(FTE) (1)
Yield on earning    4.01%        4.03%        4.25%
assets (FTE) (1)
Cost of funds       0.47%        0.50%        0.66%
Efficiency ratio    59.72%       58.63%       57.40%
(FTE) (1) (5)
Effective tax rate  23.98%       29.51%       28.23%
Capital ratios
Equity / assets     11.58%       11.68%       11.64%
(period end)
Leverage ratio      8.42%        8.42%        8.24%
Tangible equity /
tangible assets     6.09%        6.11%        6.01%
(period end) (4)
Tangible equity,
excluding AOCI /
tangibleassets
(period end) (4)    6.63%        6.63%        6.36%
(7)
Balances at period
end
Loans:
Commercial real     $2,920,808   $2,866,536   $2,668,916   1.9       9.4
estate
Commercial and      1,755,235    1,750,870    1,532,366    0.2       14.5
industrial
Commercial leases   141,714      136,268      127,065      4.0       11.5
 Commercial loans 4,817,757    4,753,674    4,328,347    1.3       11.3
and leases
Direct installment  1,408,539    1,301,891    1,128,310    8.2       24.8
Residential         1,031,805    1,059,644    1,121,237    -2.6      -8.0
mortgages
Indirect            638,312      607,958      583,939      5.0       9.3
installment
Consumer LOC        887,981      868,992      780,155      2.2       13.8
Other               52,511       44,930       37,462       16.9      40.2
 Total loans      $8,836,905   $8,637,089   $7,979,450   2.3       10.7
Deposits:
Non-interest        $2,115,813   $1,974,415   $1,735,857   7.2       21.9
bearing deposits
Savings and NOW     5,247,922    5,243,746    4,764,148    0.1       10.2
Certificates of
deposit and other   2,359,636    2,428,037    2,625,818    -2.8      -10.1
time deposits
 Total deposits   9,723,371    9,646,198    9,125,823    0.8       6.5
Customer repurchase 834,610      714,540      885,749      16.8      -5.8
agreements (6)
 Total deposits
and customer        $10,557,981  $10,360,738  $10,011,572  1.9       5.5
repurchase
agreements (6)
Average balances
Loans:
Commercial real     $2,891,354   $2,868,973   $2,632,843   0.8       9.8
estate
Commercial and      1,753,053    1,730,834    1,512,872    1.3       15.9
industrial
Commercial leases   138,441      133,446      125,508      3.7       10.3
 Commercial loans 4,782,848    4,733,253    4,271,223    1.0       12.0
and leases
Direct installment  1,362,881    1,245,030    1,118,981    9.5       21.8
Residential         1,043,349    1,065,577    1,137,402    -2.1      -8.3
mortgages
Indirect            621,705      587,537      581,315      5.8       6.9
installment
Consumer LOC        875,239      855,741      759,832      2.3       15.2
Other               43,988       42,672       39,917       3.1       10.2
 Total loans      $8,730,010   $8,529,810   $7,908,671   2.3       10.4
Deposits:
Non-interest        $2,033,370   $1,901,610   $1,677,578   6.9       21.2
bearing deposits
Savings and NOW     5,229,488    5,215,319    4,700,328    0.3       11.3
Certificates of
deposit and other   2,391,828    2,461,490    2,652,713    -2.8      -9.8
time deposits
 Total deposits   9,654,686    9,578,419    9,030,619    0.8       6.9
Customer repurchase 748,249      755,580      803,492      -1.0      -6.9
agreements (6)
 Total deposits
and customer        $10,402,935  $10,333,999  $9,834,111   0.7       5.8
repurchase
agreements (6)



F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                           For the Nine Months
                                           Ended September 30,       Percent
                                           2013         2012         Variance
Performance ratios
Return on average equity                   8.22%        7.95%
Return on average tangible equity (2) (4)  17.39%       17.63%
Return on average assets                   0.97%        0.93%
Return on average tangible assets (3) (4)  1.07%        1.04%
Net interest margin (FTE) (1)             3.64%        3.75%
Yield on earning assets (FTE) (1)          4.06%        4.35%
Cost of funds                              0.51%        0.70%
Efficiency ratio (FTE) (1) (5)             59.37%       58.50%
Effective tax rate                         27.57%       28.55%
Capital ratios
Equity / assets (period end)               11.58%       11.64%
Leverage ratio                             8.42%        8.24%
Tangible equity / tangible assets (period  6.09%        6.01%
end) (4)
Tangible equity, excluding AOCI /
tangible
 assets (period end) (4) (7)             6.63%        6.36%
Balances at period end
Loans:
Commercial real estate                    $2,920,808   $2,668,916   9.4
Commercial and industrial                  1,755,235    1,532,366    14.5
Commercial leases                          141,714      127,065      11.5
 Commercial loans and leases             4,817,757    4,328,347    11.3
Direct installment                         1,408,539    1,128,310    24.8
Residential mortgages                      1,031,805    1,121,237    -8.0
Indirect installment                       638,312      583,939      9.3
Consumer LOC                               887,981      780,155      13.8
Other                                      52,511       37,462       40.2
 Total loans                             $8,836,905   $7,979,450   10.7
Deposits:
Non-interest bearing deposits              $2,115,813   $1,735,857   21.9
Savings and NOW                            5,247,922    4,764,148    10.2
Certificates of deposit and other time     2,359,636    2,625,818    -10.1
deposits
 Total deposits                          9,723,371    9,125,823    6.5
Customer repurchase agreements (6)         834,610      885,749      -5.8
 Total deposits and customer repurchase  $10,557,981  $10,011,572  5.5
agreements (6)
Average balances
Loans:
Commercial real estate                    $2,823,940   $2,641,338   6.9
Commercial and industrial                  1,704,804    1,460,145    16.8
Commercial leases                          134,138      119,978      11.8
 Commercial loans and leases             4,662,882    4,221,461    10.5
Direct installment                         1,263,872    1,101,210    14.8
Residential mortgages                      1,062,288    1,172,002    -9.4
Indirect installment                       595,474      568,519      4.7
Consumer LOC                               847,978      726,331      16.7
Other                                      41,640       40,832       2.0
 Total loans                             $8,474,134   $7,830,355   8.2
Deposits:
Non-interest bearing deposits              $1,894,206   $1,572,808   20.4
Savings and NOW                            5,113,934    4,659,436    9.8
Certificates of deposit and other time     2,448,634    2,729,663    -10.3
deposits
 Total deposits                          9,456,774    8,961,907    5.5
Customer repurchase agreements (6)         769,997      766,857      0.4
 Total deposits and customer repurchase  $10,226,771  $9,728,764   5.1
agreements (6)





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                                            3Q13 -    3Q13 -
                              2013                2012      2Q13      3Q12
                              Third     Second    Third     Percent   Percent
Asset Quality Data            Quarter   Quarter   Quarter   Variance  Variance
Non-Performing Assets
Non-performing loans (8)
 Non-accrual loans          $65,451   $67,034   $69,986   -2.4      -6.5
 Restructured loans         17,252    17,488    12,957    -1.3      33.1
 Non-performing loans    82,703    84,522    82,943    -2.2      -0.3
Other real estate owned (9)   35,144    37,370    35,613    -6.0      -1.3
 Non-performing loans and   117,847   121,892   118,556   -3.3      -0.6
OREO
Non-performing investments   733       610       2,754     20.2      -73.4
 Total non-performing       $118,580  $122,502  $121,310  -3.2      -2.3
assets
Non-performing loans / total  0.94%     0.98%     1.04%
loans
Non-performing loans / total  1.05%     1.11%     1.19%
originated loans (10)
Non-performing loans + OREO / 1.33%     1.40%     1.48%
total loans + OREO
Non-performing loans + OREO /
total originated
 loans + OREO (10)          1.49%     1.59%     1.69%
Non-performing assets / total 0.93%     0.97%     1.01%
assets
Allowance Rollforward
Allowance for loan losses
(originated portfolio) (10)
 Balance at beginning of    $102,849  $102,504  $100,863  0.3       2.0
period
 Provision for loan losses  7,505     6,649     6,224     12.9      20.6
 Net loan charge-offs       (5,018)   (6,304)   (7,362)   -20.4     -31.8
 Allowance for loan losses  105,336   102,849   99,725    2.4       5.6
(originated portfolio) (10)
Allowance for loan losses
(acquired portfolio) (11)
 Balance at beginning of    5,431     5,198     784
period
 Provision for loan losses (226)     1,254     2,205
 Net loan charge-offs       (489)     (1,021)   0
 Allowance for loan losses  4,716     5,431     2,989     -13.2     57.8
(acquired portfolio) (11)
 Total allowance for     $110,052  $108,280  $102,714  1.6       7.1
loan losses
Allowance for loan losses /   1.25%     1.25%     1.29%
total loans
Allowance for loan losses
(originated loans) / total
 originated loans (10)      1.34%     1.35%     1.43%
Allowance for loan losses
(originated loans) / total
 non-performing loans (8)  127.37%   121.68%   120.23%
Net loan charge-offs
(annualized) / total average  0.25%     0.34%     0.37%
loans
Net loan charge-offs on
originated loans (annualized)
/
 total average originated   0.26%     0.33%     0.42%
loans (10)
Delinquency - Originated
Portfolio (10)
Loans 30-89 days past due     $41,212   $37,478   $39,380   10.0      4.7
Loans 90+ days past due       7,018     5,377     6,167     30.5      13.8
Non-accrual loans             65,451    67,034    69,986    -2.4      -6.5
 Total past due and         $113,681  $109,889  $115,533  3.5       -1.6
non-accrual loans
Total past due and
non-accrual loans / total     1.44%     1.44%     1.66%
originated loans
Memo item:
Delinquency - Acquired
Portfolio (11) (12)
Loans 30-89 days past due     $16,968   $25,218   $18,961   -32.7     -10.5
Loans 90+ days past due       41,458    45,653    35,605    -9.2      16.4
Non-accrual loans             0         0         0         0.0       0.0
 Total past due and         $58,426   $70,871   $54,566   -17.6     7.1
non-accrual loans



F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                                For the Nine Months
                                                Ended September 30,  Percent
Asset Quality Data                              2013       2012      Variance
Non-Performing Assets
Non-performing loans (8)
 Non-accrual loans                            $65,451    $69,986   -6.5
 Restructured loans                           17,252     12,957    33.1
 Non-performing loans                      82,703     82,943    -0.3
Other real estate owned (9)                     35,144     35,613    -1.3
 Non-performing loans and OREO                117,847    118,556   -0.6
Non-performing investments                     733        2,754     -73.4
 Total non-performing assets                  $118,580   $121,310  -2.3
Non-performing loans / total loans              0.94%      1.04%
Non-performing loans / total originated loans   1.05%      1.19%
(10)
Non-performing loans + OREO / total loans +     1.33%      1.48%
OREO
Non-performing loans + OREO / total
originated
 loans + OREO (10)                            1.49%      1.69%
Non-performing assets / total assets            0.93%      1.01%
Allowance Rollforward
Allowance for loan losses (originated
portfolio) (10)
 Balance at beginning of period               $100,194   $100,662  -0.5
 Provision for loan losses                    20,512     19,039    7.7
 Net loan charge-offs                         (15,370)   (19,976)  -23.1
 Allowance for loan losses (originated        105,336    99,725    5.6
portfolio) (10)
Allowance for loan losses (acquired portfolio)
(11)
 Balance at beginning of period               4,180      0
 Provision for loan losses                   2,211      2,989
 Net loan charge-offs                         (1,675)    0
 Allowance for loan losses (acquired          4,716      2,989     57.8
portfolio) (11)
 Total allowance for loan losses           $110,052   $102,714  7.1
Allowance for loan losses / total loans         1.25%      1.29%
Allowance for loan losses (originated loans) /
total
 originated loans (10)                        1.34%      1.43%
Allowance for loan losses (originated loans) /
total
 non-performing loans (8)                    127.37%    120.23%
Net loan charge-offs (annualized) / total       0.27%      0.34%
average loans
Net loan charge-offs on originated loans
(annualized) /
 total average originated loans (10)          0.27%      0.39%
Delinquency - Originated Portfolio (10)
Loans 30-89 days past due                       $41,212    $39,380   4.7
Loans 90+ days past due                         7,018      6,167     13.8
Non-accrual loans                               65,451     69,986    -6.5
 Total past due and non-accrual loans         $113,681   $115,533  -1.6
Total past due and non-accrual loans / total    1.44%      1.66%
originated loans
Memo item:
Delinquency - Acquired Portfolio (11) (12)
Loans 30-89 days past due                       $16,968    $18,961   -10.5
Loans 90+ days past due                         41,458     35,605    16.4
Non-accrual loans                               0          0         0.0
 Total past due and non-accrual loans         $58,426    $54,566   7.1



F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share
data)
                 2013
                 Third Quarter                   Second Quarter
                              Interest  Average               Interest  Average
                 Average      Earned    Yield    Average      Earned    Yield
                 Outstanding  or Paid   or Rate  Outstanding  or Paid   or Rate
Assets
Interest bearing
deposits with    $30,224      $13       0.17%    $39,291      $18       0.19%
banks
Taxable
investment       2,117,849    10,889    2.01%    2,133,972    10,685    1.95%
securities (13)
Non-taxable
investment       157,624      2,122     5.39%    162,218      2,223     5.48%
securities (14)
Residential
mortgage loans   12,060       134       4.45%    20,895       203       3.88%
held for sale
Loans (14) (15) 8,730,010    98,413    4.48%    8,529,810    96,455    4.53%
 Total
Interest Earning 11,047,767   111,571   4.01%    10,886,186   109,584   4.03%
Assets (14)
Cash and due     185,419                         175,936
from banks
Allowance for    (110,463)                       (109,156)
loan losses
Premises and     147,804                         146,036
equipment
Other assets     1,344,811                       1,371,016
Total Assets     $12,615,338                     $12,470,018
Liabilities
Deposits:

Interest-bearing $3,841,619   1,391     0.14%    $3,829,847   1,433     0.15%
demand
 Savings       1,387,869    162       0.05%    1,385,472    162       0.05%
 Certificates  2,391,828    5,342     0.89%    2,461,490    5,748     0.94%
and other time
Customer
repurchase       748,249      419       0.22%    755,580      437       0.23%
agreements
Other short-term 318,024      703       0.86%    224,769      638       1.12%
borrowings
Long-term debt  91,659       719       3.11%    93,273       775       3.33%
Junior
subordinated     194,206      1,800     3.68%    206,603      1,902     3.69%
debt
 Total
Interest Bearing 8,973,454    10,536    0.47%    8,957,034    11,095    0.50%
Liabilities
(14)
Non-interest
bearing demand   2,033,370                       1,901,610
deposits
Other            132,763                         137,440
liabilities
Total            11,139,587                      10,996,084
Liabilities
Stockholders'    1,475,751                       1,473,934
equity
Total
Liabilities and  $12,615,338                     $12,470,018
Stockholders'
Equity
Net Interest     $2,074,313                      $1,929,152
Earning Assets
Net Interest                  101,035                         98,489
Income (FTE)
Tax Equivalent                (1,781)                         (1,743)
Adjustment
Net Interest                  $99,254                         $96,746
Income
Net Interest                            3.55%                           3.54%
Spread
Net Interest                            3.64%                           3.63%
Margin (14)





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
                                               2012
                                               Third Quarter
                                                            Interest  Average
                                               Average      Earned    Yield
                                               Outstanding  or Paid   or Rate
Assets
Interest bearing deposits with banks           $86,501      $47       0.21%
Taxable investment securities (13)            2,067,146    11,471    2.17%
Non-taxable investment securities (14)        185,614      2,581     5.56%
Residential mortgage loans held for sale       19,503       215       4.42%
Loans (14) (15)                               7,908,671    95,294    4.80%
 Total Interest Earning Assets (14)         10,267,435   109,608   4.25%
Cash and due from banks                        182,356
Allowance for loan losses                      (103,757)
Premises and equipment                         146,313
Other assets                                   1,349,857
Total Assets                                   $11,842,204
Liabilities
Deposits:
 Interest-bearing demand                     $3,489,658   1,764     0.22%
 Savings                                     1,210,670    252       0.08%
 Certificates and other time                 2,652,713    8,189     1.23%
Customer repurchase agreements                 803,492      575       0.28%
Other short-term borrowings                    159,843      607       1.49%
Long-term debt                                90,869       860       3.76%
Junior subordinated debt                       203,999      1,978     3.86%
 Total Interest Bearing Liabilities      8,611,244    14,225    0.66%
(14)
Non-interest bearing demand deposits           1,677,578
Other liabilities                              168,100
Total Liabilities                              10,456,922
Stockholders' equity                           1,385,282
Total Liabilities and Stockholders' Equity     $11,842,204
Net Interest Earning Assets                    $1,656,191
Net Interest Income (FTE)                                   95,383
Tax Equivalent Adjustment                                   (1,852)
Net Interest Income                                         $93,531
Net Interest Spread                                                   3.60%
Net Interest Margin (14)                                             3.70%



F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
                 For the Nine Months Ended September 30,
                 2013                            2012
                              Interest  Average               Interest  Average
                 Average      Earned    Yield    Average      Earned    Yield
                 Outstanding  or Paid   or Rate  Outstanding  or Paid   or Rate
Assets
Interest bearing
deposits with    $33,199      $45       0.18%    $87,277      $142      0.22%
banks
Taxable
investment       2,112,382    32,170    1.98%    2,016,128    36,344    2.35%
securities (13)
Non-taxable
investment       163,045      6,682     5.46%    185,000      7,798     5.62%
securities (14)
Residential
mortgage loans   21,696       617       3.79%    15,872       532       4.47%
held for sale
Loans (14) (15) 8,474,135    288,500   4.55%    7,830,356    285,096   4.86%
 Total
Interest Earning 10,804,457   328,014   4.06%    10,134,633   329,912   4.35%
Assets (14)
Cash and due     178,154                         182,946
from banks
Allowance for    (108,173)                       (103,299)
loan losses
Premises and     144,212                         147,447
equipment
Other assets     1,346,962                       1,352,107
Total Assets     $12,365,612                     $11,713,834
Liabilities
Deposits:

Interest-bearing $3,774,211   4,326     0.15%    $3,470,249   5,802     0.22%
demand
 Savings       1,339,723    491       0.05%    1,189,187    871       0.10%
 Certificates  2,448,634    17,686    0.97%    2,729,663    26,103    1.28%
and other time
Customer
repurchase       769,997      1,340     0.23%    766,857      1,903     0.33%
agreements
Other short-term 250,846      1,964     1.03%    159,774      2,058     1.69%
borrowings
Long-term debt  92,024       2,268     3.30%    91,221       2,702     3.96%
Junior
subordinated     201,575      5,578     3.70%    203,290      5,956     3.91%
debt
 Total
Interest Bearing 8,877,010    33,653    0.51%    8,610,241    45,395    0.70%
Liabilities
(14)
Non-interest
bearing demand   1,894,206                       1,572,808
deposits
Other            140,650                         162,328
liabilities
Total            10,911,866                      10,345,377
Liabilities
Stockholders'    1,453,746                       1,368,457
equity
Total
Liabilities and  $12,365,612                     $11,713,834
Stockholders'
Equity
Net Interest     $1,927,447                      $1,524,392
Earning Assets
Net Interest                  294,361                         284,517
Income (FTE)
Tax Equivalent                (5,265)                         (5,584)
Adjustment
Net Interest                  $289,096                        $278,933
Income
Net Interest                            3.55%                           3.64%
Spread
Net Interest                            3.64%                           3.75%
Margin (14)





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
NON-GAAP FINANCIAL MEASURES
We believe the following non-GAAP financial measures used by F.N.B.
Corporation provide information useful to investors in understandingF.N.B.
Corporation's operating performance and trends, and facilitate comparisons
with the performance of F.N.B. Corporation's peers. Thenon-GAAP financial
measures used by F.N.B. Corporation may differ from the non-GAAP financial
measures other financial institutions useto measure their results of
operations. Non-GAAP financial measures should be viewed in addition to, and
not as an alternative for, F.N.B. Corporation's reported results prepared in
accordance with U.S. GAAP. The following tables summarize the non-GAAP
financial measuresincluded in this press release and derived from amounts
reported in F.N.B. Corporation's financial statements.
                                   2013                           2012
                                   Third           Second         Third
                                   Quarter         Quarter        Quarter
Return on average tangible equity
(2):
Net income (annualized)            $125,505        $117,094       $122,304
Amortization of intangibles, net   5,455           5,541          5,798
of tax (annualized)
                                   130,960         122,635        128,102
Average total shareholders' equity 1,475,751       1,473,945      1,385,282
Less: Average intangibles         (748,592)       (745,458)      (714,501)
                                   727,159         728,487        670,781
Return on average tangible equity  18.01%          16.83%         19.10%
(2)
Return on average tangible assets
(3):
Net income (annualized)            $125,505        $117,094       $122,304
Amortization of intangibles, net   5,455           5,541          5,798
of tax (annualized)
                                   130,960         122,635        128,102
Average total assets               12,615,338      12,470,029     11,842,204
Less: Average intangibles         (748,592)       (745,458)      (714,501)
                                   11,866,746      11,724,571     11,127,703
Return on average tangible assets  1.10%           1.05%          1.15%
(3)
Tangible book value per share:
Total shareholders' equity         $1,481,647      $1,468,998     $1,394,998
Less: intangibles                 (748,909)       (746,981)      (717,263)
                                   732,738         722,017        677,735
Ending shares outstanding          145,263,435     145,151,279    139,792,727
Tangible book value per share      $5.04           $4.97          $4.85



F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)
                                                     For the Nine Months
                                                     Ended September 30,
                                                     2013         2012
Return on average tangible equity (2):
Net income (annualized)                              $119,480     $108,805
Amortization of intangibles, net of tax (annualized) 5,411        5,984
                                                     124,891      114,789
Average total shareholders' equity                   1,453,746    1,368,457
Less: Average intangibles                           (735,638)    (717,390)
                                                     718,108      651,067
Return on average tangible equity (2)                17.39%       17.63%
Return on average tangible assets (3):
Net income (annualized)                              $119,480     $108,805
Amortization of intangibles, net of tax (annualized) 5,411        5,984
                                                     124,891      114,789
Average total assets                                 12,365,612   11,713,834
Less: Average intangibles                           (735,638)    (717,390)
                                                     11,629,974   10,996,444
Return on average tangible assets (3)                1.07%        1.04%
Tangible book value per share:
Total shareholders' equity                           $1,481,647   $1,394,998
Less: intangibles                                   (748,909)    (717,263)
                                                     732,738      677,735
Ending shares outstanding                            145,263,435  139,792,727
Tangible book value per share                        $5.04        $4.85





F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)
                                           2013                    2012
                                           Third       Second      Third
                                           Quarter     Quarter     Quarter
Tangible equity / tangible assets (period
end):
Total shareholders' equity                 $1,481,647  $1,468,998  $1,394,998
Less: intangibles                         (748,909)   (746,981)   (717,263)
                                           732,738     722,017     677,735
Total assets                               12,790,279  12,573,391  11,984,891
Less: intangibles                         (748,909)   (746,981)   (717,263)
                                           12,041,370  11,826,410  11,267,628
Tangible equity / tangible assets (period  6.09%       6.11%       6.01%
end)
Tangible equity, excluding AOCI /
tangible
 assets (period end) (7):
Total shareholders' equity                 $1,481,647  $1,468,998  $1,394,998
Less: intangibles                         (748,909)   (746,981)   (717,263)
Less: AOCI                                66,171      62,077      38,972
                                           798,909     784,094     716,707
Total assets                               12,790,279  12,573,391  11,984,891
Less: intangibles                         (748,909)   (746,981)   (717,263)
                                           12,041,370  11,826,410  11,267,628
Tangible equity, excluding AOCI /
tangible
 assets (period end) (7)                 6.63%       6.63%       6.36%





(1)  Net interest income is also presented on a fully taxable equivalent (FTE)
     basis, as the Corporation believes this non-GAAP measure is the preferred
     industry measurement for this item.
     Return on average tangible equity is calculated by dividing net income
(2)  excluding amortization of intangibles by average equity less average
     intangibles.
     Return on average tangible assets is calculated by dividing net income
(3)  excluding amortization of intangibles by average assets less average
     intangibles.
(4)  See non-GAAP financial measures for additional information relating to
     the calculation of this item.
     The efficiency ratio is calculated by dividing non-interest expense less
(5)  amortization of intangibles, other real estate owned expense, FHLB
     prepayment penalties, litigation settlement accrual, branch consolidation
     costs and merger costs by the sum of net interest income on a fully
     taxable equivalent basis plus non-interest income less gain on sale of an
     acquired building, gain on extinguishment of debt, securities gains and
     net impairment losses on securities plus losses on asset disposals
     related to the branch consolidation project.
(6)  Customer repos are included in short-term borrowings on the balance
     sheet.
     Accumulated other comprehensive income (AOCI) is comprised of unrealized
(7)  losses on securities, non-credit impairment losses on
     other-than-temporarily impaired securities, unrealized losses on
     derivative instruments and unrecognized pension and postretirement
     obligations.
(8)  Does not include loans acquired at fair value ("acquired portfolio").
     Includes all other real estate owned, including those balances acquired
(9)  through business combinations that have been in acquired loans prior to
     foreclosure.
(10) "Originated Portfolio" or "Originated Loans" equals loans and leases not
     included by definition in the Acquired Portfolio.
     "Acquired Portfolio" or "Acquired Loans" equals loans acquired at fair
(11) value, accounted for in accordance with ASC 805 which was effective
     January 1, 2009. The risk of credit loss on these loans has been
     considered by virtue of the Corporation's estimate of acquisition-date
     fair value and these loans are considered accruing as the Corporation
     primarily recognizes interest income through accretion of the difference
     between the carrying value of these loans and their expected cash flows.
     Because acquired loans are initially recorded at an amount estimated to
     be collectible, losses on such loans, when incurred, are first applied
     against the non-accretable difference established in purchase accounting
     and then to any allowance for loan losses recognized subsequent to
     acquisition.
(12) Represents contractual balances.
(13) The average balances and yields earned on taxable investment securities
     are based on historical cost.
     The interest income amounts are reflected on a FTE basis, which adjusts
(14) for the tax benefit of income on certain tax-exempt loans and investments
     using the federal statutory tax rate of 35% for each period presented.
     The yields on earning assets and the net interest margin are presented on
     an FTE and annualized basis. The rates paid on interest-bearing
     liabilities are also presented on an annualized basis.
(15) Average balances for loans include non-accrual loans. Loans consist of
     average total loans less average unearned income. The amount of loan
     fees included in interest income is immaterial.



SOURCE F.N.B. Corporation

Website: http://www.fnbcorporation.com
Contact: Analyst/Institutional Investor Contact: Cynthia Christopher,
724-983-3429, christoc@fnb-corp.com, Media Contact: Jennifer Reel,
724-983-4856, 724-699-6389 (cell), reel@fnb-corp.com