10-Q 1 fnb-20220331.htm 10-Q fnb-20220331
false2022Q1FNB CORP/PA/0000037808--12-3189.9205479452054876.55890410958904http://fasb.org/us-gaap/2021-01-31#OtherAssetshttp://fasb.org/us-gaap/2021-01-31#OtherLiabilitieshttp://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2021-01-31#OtherLiabilities00000378082022-01-012022-03-310000037808exch:XNYSus-gaap:CommonStockMember2022-01-012022-03-310000037808us-gaap:SeriesEPreferredStockMemberexch:XNYS2022-01-012022-03-3100000378082022-04-30xbrli:shares00000378082022-03-31iso4217:USD00000378082021-12-31iso4217:USDxbrli:shares00000378082021-01-012021-03-310000037808us-gaap:PreferredStockMember2020-12-310000037808us-gaap:CommonStockMember2020-12-310000037808us-gaap:AdditionalPaidInCapitalMember2020-12-310000037808us-gaap:RetainedEarningsMember2020-12-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000037808us-gaap:TreasuryStockMember2020-12-3100000378082020-12-310000037808us-gaap:RetainedEarningsMember2021-01-012021-03-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000037808us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310000037808us-gaap:TreasuryStockMember2021-01-012021-03-310000037808us-gaap:PreferredStockMember2021-03-310000037808us-gaap:CommonStockMember2021-03-310000037808us-gaap:AdditionalPaidInCapitalMember2021-03-310000037808us-gaap:RetainedEarningsMember2021-03-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000037808us-gaap:TreasuryStockMember2021-03-3100000378082021-03-310000037808us-gaap:PreferredStockMember2021-12-310000037808us-gaap:CommonStockMember2021-12-310000037808us-gaap:AdditionalPaidInCapitalMember2021-12-310000037808us-gaap:RetainedEarningsMember2021-12-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000037808us-gaap:TreasuryStockMember2021-12-310000037808us-gaap:RetainedEarningsMember2022-01-012022-03-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000037808us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000037808us-gaap:TreasuryStockMember2022-01-012022-03-310000037808us-gaap:CommonStockMember2022-01-012022-03-310000037808us-gaap:PreferredStockMember2022-03-310000037808us-gaap:CommonStockMember2022-03-310000037808us-gaap:AdditionalPaidInCapitalMember2022-03-310000037808us-gaap:RetainedEarningsMember2022-03-310000037808us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000037808us-gaap:TreasuryStockMember2022-03-31fnb:statefnb:bank0000037808fnb:HowardBancorpIncMember2022-01-220000037808fnb:HowardBancorpIncMember2022-01-222022-01-220000037808fnb:HowardBancorpIncMemberus-gaap:CommonStockMember2022-01-222022-01-220000037808fnb:HowardBancorpIncMember2022-01-012022-03-310000037808us-gaap:AvailableforsaleSecuritiesMember2022-03-310000037808us-gaap:AvailableforsaleSecuritiesMember2021-12-310000037808us-gaap:USTreasurySecuritiesMember2022-03-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-03-310000037808us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2022-03-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-03-310000037808fnb:AgencyCollateralizedMortgageObligationsMember2022-03-310000037808us-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310000037808us-gaap:USStatesAndPoliticalSubdivisionsMember2022-03-310000037808us-gaap:OtherDebtSecuritiesMember2022-03-310000037808us-gaap:USTreasurySecuritiesMember2021-12-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMember2021-12-310000037808us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-12-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2021-12-310000037808fnb:AgencyCollateralizedMortgageObligationsMember2021-12-310000037808us-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000037808us-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000037808us-gaap:OtherDebtSecuritiesMember2021-12-310000037808us-gaap:HeldtomaturitySecuritiesMember2022-03-310000037808us-gaap:HeldtomaturitySecuritiesMember2021-12-31xbrli:purefnb:security0000037808fnb:ARatingorBetterMemberfnb:GeneralObligationBondsMemberus-gaap:CreditConcentrationRiskMemberus-gaap:MunicipalBondsMembersrt:MinimumMember2022-01-012022-03-310000037808fnb:RegionalRiskPennsylvaniaOhioAndMarylandMemberus-gaap:GeographicConcentrationRiskMemberus-gaap:MunicipalBondsMember2022-01-012022-03-310000037808us-gaap:MunicipalBondsMembersrt:WeightedAverageMember2022-01-012022-03-310000037808us-gaap:CorporateBondSecuritiesMembersrt:WeightedAverageMember2022-01-012022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMember2021-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000037808us-gaap:ConsumerPortfolioSegmentMemberfnb:ResidentialMember2022-03-310000037808us-gaap:ConsumerPortfolioSegmentMemberfnb:ResidentialMember2021-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000037808fnb:ConsumerLinesOfCreditMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000037808fnb:ConsumerLinesOfCreditMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000037808us-gaap:ConsumerPortfolioSegmentMember2022-03-310000037808us-gaap:ConsumerPortfolioSegmentMember2021-12-310000037808fnb:HowardBancorpIncMember2022-03-310000037808fnb:SmallBusinessAdministrationLoansMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberfnb:PaycheckProtectionProgramLoanMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberfnb:PaycheckProtectionProgramLoanMember2021-12-310000037808fnb:CommercialRealEstateLoansMemberfnb:OwnerOccupiedMemberfnb:LoanPortfolioDiversificationRiskMember2022-01-012022-03-310000037808fnb:CommercialRealEstateLoansMemberfnb:OwnerOccupiedMemberfnb:LoanPortfolioDiversificationRiskMember2021-01-012021-12-310000037808fnb:CommercialRealEstateLoansMemberfnb:NonOwnerOccupiedMemberfnb:LoanPortfolioDiversificationRiskMember2022-01-012022-03-310000037808fnb:CommercialRealEstateLoansMemberfnb:NonOwnerOccupiedMemberfnb:LoanPortfolioDiversificationRiskMember2021-01-012021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:PassMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMemberfnb:CommercialAndIndustrialMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:SubstandardMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:PassMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:SpecialMentionMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:SubstandardMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:UnallocatedFinancingReceivablesMember2022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2022-03-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMemberfnb:ResidentialMember2022-03-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMemberfnb:ResidentialMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2022-03-310000037808us-gaap:ConsumerLoanMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:PassMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMemberfnb:CommercialAndIndustrialMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:SubstandardMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:PassMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:SpecialMentionMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:SubstandardMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberus-gaap:UnallocatedFinancingReceivablesMember2021-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2021-12-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMemberfnb:ResidentialMember2021-12-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMemberfnb:ResidentialMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2021-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2021-12-310000037808us-gaap:ConsumerLoanMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberfnb:CommercialAndIndustrialMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:FinancialAsset30To89DaysPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMemberfnb:ResidentialMember2022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000037808fnb:FinancialAsset30To89DaysPastDueMember2022-03-310000037808us-gaap:FinancialAssetPastDueMember2022-03-310000037808us-gaap:FinancialAssetNotPastDueMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberfnb:CommercialAndIndustrialMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:FinancialAsset30To89DaysPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:UnallocatedFinancingReceivablesMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMemberfnb:ResidentialMember2021-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberfnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:ConsumerLoanMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000037808fnb:FinancialAsset30To89DaysPastDueMember2021-12-310000037808us-gaap:FinancialAssetPastDueMember2021-12-310000037808us-gaap:FinancialAssetNotPastDueMember2021-12-310000037808us-gaap:NonperformingFinancingReceivableMember2022-03-310000037808us-gaap:NonperformingFinancingReceivableMember2021-12-310000037808us-gaap:ResidentialMortgageMember2022-03-310000037808us-gaap:ResidentialMortgageMember2021-12-310000037808us-gaap:ResidentialMortgageMember2022-01-012022-03-310000037808us-gaap:ResidentialMortgageMember2021-01-012021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMember2022-03-310000037808us-gaap:PerformingFinancingReceivableMember2022-03-310000037808us-gaap:PerformingFinancingReceivableMember2021-12-310000037808fnb:NonAccrualMember2022-03-310000037808fnb:NonAccrualMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialLoanMembersrt:MinimumMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:SpecificReservesForCommercialTroubledDebtRestructuringsMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:SpecificReservesForCommercialTroubledDebtRestructuringsMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:PooledReservesForCommercialTroubledDebtRestructuringsMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:PooledReservesForCommercialTroubledDebtRestructuringsMember2021-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-01-012022-03-31fnb:contract0000037808us-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2022-01-012022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2022-01-012022-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2022-01-012022-03-310000037808us-gaap:ConsumerLoanMember2022-01-012022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-01-012021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2021-01-012021-03-310000037808us-gaap:CommercialPortfolioSegmentMember2021-01-012021-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2021-01-012021-03-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2021-01-012021-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2021-01-012021-03-310000037808us-gaap:ConsumerLoanMember2021-01-012021-03-310000037808srt:MinimumMember2022-01-012022-03-310000037808srt:MaximumMember2022-01-012022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2022-01-012022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2022-01-012022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2022-01-012022-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2022-01-012022-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2021-12-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2022-01-012022-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2022-03-310000037808us-gaap:UnfundedLoanCommitmentMember2021-12-310000037808us-gaap:UnfundedLoanCommitmentMember2022-01-012022-03-310000037808us-gaap:UnfundedLoanCommitmentMember2022-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2021-12-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2022-01-012022-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2022-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2020-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2020-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialAndIndustrialMember2021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2020-12-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2021-01-012021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberfnb:CommercialLeasesMember2021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2020-12-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2021-01-012021-03-310000037808us-gaap:CommercialPortfolioSegmentMemberus-gaap:UnallocatedFinancingReceivablesMember2021-03-310000037808us-gaap:CommercialPortfolioSegmentMember2020-12-310000037808us-gaap:CommercialPortfolioSegmentMember2021-03-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2020-12-310000037808fnb:DirectInstallmentMemberus-gaap:ConsumerLoanMember2021-03-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2020-12-310000037808us-gaap:ConsumerLoanMemberfnb:ResidentialMember2021-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2020-12-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2021-01-012021-03-310000037808fnb:IndirectInstallmentMemberus-gaap:ConsumerLoanMember2021-03-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2020-12-310000037808us-gaap:ConsumerLoanMemberfnb:ConsumerLinesOfCreditMember2021-03-310000037808us-gaap:ConsumerLoanMember2020-12-310000037808us-gaap:ConsumerLoanMember2021-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2020-12-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2021-01-012021-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2021-03-310000037808us-gaap:UnfundedLoanCommitmentMember2020-12-310000037808us-gaap:UnfundedLoanCommitmentMember2021-01-012021-03-310000037808us-gaap:UnfundedLoanCommitmentMember2021-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2020-12-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2021-01-012021-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesAndUnfundedLoansCommitmentsMember2021-03-310000037808us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310000037808us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMember2021-01-012021-03-310000037808us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerLoanMember2022-01-012022-03-310000037808us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerLoanMember2021-01-012021-03-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMember2021-01-012021-12-310000037808fnb:AllowanceForCreditLossesOnLoansAndLeasesMemberfnb:HowardBancorpIncMember2022-01-012022-03-310000037808fnb:MortgageLoanMember2022-01-012022-03-310000037808fnb:MortgageLoanMember2022-03-310000037808fnb:MortgageLoanMember2021-12-310000037808fnb:MortgageLoanMember2021-01-012021-03-310000037808fnb:MortgageLoanMember2020-12-310000037808fnb:MortgageLoanMember2021-03-310000037808fnb:MortgageLoanMember2021-01-012021-12-310000037808srt:MaximumMember2022-03-310000037808fnb:TrustPreferredSecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310000037808fnb:AffordableHousingTaxCreditPartnershipsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310000037808us-gaap:OtherInvestmentsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310000037808us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-03-310000037808fnb:TrustPreferredSecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310000037808fnb:AffordableHousingTaxCreditPartnershipsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310000037808us-gaap:OtherInvestmentsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310000037808us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMembersrt:MaximumMember2022-01-012022-03-310000037808us-gaap:FederalHomeLoanBankAdvancesMember2022-03-310000037808us-gaap:FederalHomeLoanBankAdvancesMember2021-12-310000037808us-gaap:FederalHomeLoanBankAdvancesMembersrt:MinimumMember2021-12-310000037808srt:MaximumMemberus-gaap:FederalHomeLoanBankAdvancesMember2021-12-310000037808fnb:SubordinatedNotesDue2023Member2022-03-310000037808fnb:SubordinatedNotesDue2023Member2022-01-012022-03-310000037808fnb:SubordinatedNotesDue2029Member2022-03-310000037808fnb:SubordinatedNotesDue2029Member2022-01-012022-03-310000037808fnb:FourPointEightSevenFiveSubordinatedNotesDueTwoThousandTwentyFiveMember2022-03-310000037808fnb:FourPointEightSevenFiveSubordinatedNotesDueTwoThousandTwentyFiveMember2022-01-012022-03-310000037808fnb:SevenPointSixTwoFiveSubordinatedNotesDueTwoThousandTwentyThreeMember2022-03-310000037808fnb:SevenPointSixTwoFiveSubordinatedNotesDueTwoThousandTwentyThreeMember2022-01-012022-03-310000037808fnb:SubordinatedNotesDue2028Member2022-03-310000037808fnb:SubordinatedNotesDue2028Member2022-01-012022-03-310000037808us-gaap:LondonInterbankOfferedRateLIBORMemberfnb:SubordinatedNotesDue2029Member2022-01-012022-03-310000037808fnb:SubordinatedNotesDue2028Memberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberfnb:FnbStatutoryTrustTwoMember2022-03-310000037808fnb:FnbStatutoryTrustTwoMemberus-gaap:CommonStockSubjectToMandatoryRedemptionMember2022-03-310000037808fnb:FnbStatutoryTrustTwoMember2022-03-310000037808fnb:FnbStatutoryTrustTwoMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberfnb:YadkinValleyStatutoryTrustOneMember2022-03-310000037808fnb:YadkinValleyStatutoryTrustOneMemberus-gaap:CommonStockSubjectToMandatoryRedemptionMember2022-03-310000037808fnb:YadkinValleyStatutoryTrustOneMember2022-03-310000037808fnb:YadkinValleyStatutoryTrustOneMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberfnb:FNBFinancialServicesCapitalTrustOneMember2022-03-310000037808fnb:FNBFinancialServicesCapitalTrustOneMemberus-gaap:CommonStockSubjectToMandatoryRedemptionMember2022-03-310000037808fnb:FNBFinancialServicesCapitalTrustOneMember2022-03-310000037808fnb:FNBFinancialServicesCapitalTrustOneMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-03-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMemberfnb:PatapscoStatutoryTrustIMember2022-03-310000037808fnb:PatapscoStatutoryTrustIMemberus-gaap:CommonStockSubjectToMandatoryRedemptionMember2022-03-310000037808fnb:PatapscoStatutoryTrustIMember2022-03-310000037808us-gaap:LondonInterbankOfferedRateLIBORMemberfnb:PatapscoStatutoryTrustIMember2022-01-012022-03-310000037808us-gaap:TrustPreferredSecuritiesSubjectToMandatoryRedemptionMember2022-03-310000037808us-gaap:CommonStockSubjectToMandatoryRedemptionMember2022-03-310000037808us-gaap:InterestRateContractMemberfnb:SubjectToMasterNettingArrangementMember2022-03-310000037808us-gaap:InterestRateContractMember2022-03-310000037808us-gaap:InterestRateContractMemberfnb:SubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateContractMember2021-12-310000037808us-gaap:InterestRateSwapMemberfnb:SubjectToMasterNettingArrangementMember2022-03-310000037808us-gaap:InterestRateSwapMember2022-03-310000037808us-gaap:InterestRateSwapMemberfnb:SubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateSwapMember2021-12-310000037808fnb:SubjectToMasterNettingArrangementMember2022-03-310000037808fnb:SubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateSwapMemberfnb:NotSubjectToMasterNettingArrangementMember2022-03-310000037808us-gaap:InterestRateSwapMemberfnb:NotSubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateLockCommitmentsMemberfnb:NotSubjectToMasterNettingArrangementMember2022-03-310000037808us-gaap:InterestRateLockCommitmentsMember2022-03-310000037808us-gaap:InterestRateLockCommitmentsMemberfnb:NotSubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateLockCommitmentsMember2021-12-310000037808fnb:NotSubjectToMasterNettingArrangementMemberfnb:ForwardDeliveryCommitmentsMember2022-03-310000037808fnb:ForwardDeliveryCommitmentsMember2022-03-310000037808fnb:NotSubjectToMasterNettingArrangementMemberfnb:ForwardDeliveryCommitmentsMember2021-12-310000037808fnb:ForwardDeliveryCommitmentsMember2021-12-310000037808us-gaap:CreditRiskContractMemberfnb:NotSubjectToMasterNettingArrangementMember2022-03-310000037808us-gaap:CreditRiskContractMember2022-03-310000037808us-gaap:CreditRiskContractMemberfnb:NotSubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:CreditRiskContractMember2021-12-310000037808fnb:NotSubjectToMasterNettingArrangementMember2022-03-310000037808fnb:NotSubjectToMasterNettingArrangementMember2021-12-310000037808us-gaap:InterestRateContractMember2022-01-012022-03-310000037808us-gaap:InterestRateContractMember2021-01-012021-03-310000037808fnb:InterestIncomeExpenseMemberus-gaap:InterestRateContractMember2022-01-012022-03-310000037808fnb:InterestIncomeExpenseMemberus-gaap:InterestRateContractMember2021-01-012021-03-310000037808us-gaap:InterestRateContractMemberus-gaap:OtherIncomeMember2022-01-012022-03-310000037808us-gaap:InterestRateContractMemberus-gaap:OtherIncomeMember2021-01-012021-03-310000037808us-gaap:InterestRateContractMemberus-gaap:InterestIncomeMember2022-01-012022-03-310000037808us-gaap:InterestExpenseMemberus-gaap:InterestRateContractMember2022-01-012022-03-310000037808us-gaap:InterestRateContractMemberus-gaap:InterestIncomeMember2021-01-012021-03-310000037808us-gaap:InterestExpenseMemberus-gaap:InterestRateContractMember2021-01-012021-03-310000037808us-gaap:CreditRiskContractMembersrt:MinimumMember2022-01-012022-03-310000037808srt:MaximumMemberus-gaap:CreditRiskContractMember2022-01-012022-03-310000037808fnb:NoninterestIncomeOtherMemberus-gaap:InterestRateSwapMember2022-01-012022-03-310000037808fnb:NoninterestIncomeOtherMemberus-gaap:InterestRateSwapMember2021-01-012021-03-310000037808us-gaap:InterestRateLockCommitmentsMemberfnb:FeesandCommissionsMortgageBankingandServicingMember2022-01-012022-03-310000037808us-gaap:InterestRateLockCommitmentsMemberfnb:FeesandCommissionsMortgageBankingandServicingMember2021-01-012021-03-310000037808fnb:FeesandCommissionsMortgageBankingandServicingMemberfnb:ForwardDeliveryCommitmentsMember2022-01-012022-03-310000037808fnb:FeesandCommissionsMortgageBankingandServicingMemberfnb:ForwardDeliveryCommitmentsMember2021-01-012021-03-310000037808fnb:NoninterestIncomeOtherMemberus-gaap:CreditRiskContractMember2022-01-012022-03-310000037808fnb:NoninterestIncomeOtherMemberus-gaap:CreditRiskContractMember2021-01-012021-03-310000037808us-gaap:CommitmentsToExtendCreditMember2022-03-310000037808us-gaap:CommitmentsToExtendCreditMember2021-12-310000037808us-gaap:StandbyLettersOfCreditMember2022-03-310000037808us-gaap:StandbyLettersOfCreditMember2021-12-310000037808us-gaap:RestrictedStockMember2022-01-012022-03-310000037808us-gaap:RestrictedStockMember2021-01-012021-03-310000037808fnb:PerformanceBasedAwardsMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000037808fnb:PerformanceBasedAwardsMemberus-gaap:RestrictedStockMember2021-01-012021-03-310000037808us-gaap:RestrictedStockMember2021-12-310000037808us-gaap:RestrictedStockMember2020-12-310000037808us-gaap:RestrictedStockMember2022-03-310000037808us-gaap:RestrictedStockMember2021-03-310000037808fnb:ServiceBasedAwardsMember2022-03-310000037808fnb:PerformanceBasedAwardsMember2022-03-310000037808fnb:ServiceBasedAwardsMember2022-01-012022-03-310000037808fnb:PerformanceBasedAwardsMember2022-01-012022-03-310000037808us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000037808us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310000037808us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000037808us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-03-310000037808us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-03-310000037808us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-03-310000037808us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310000037808us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-03-310000037808us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-03-310000037808fnb:HowardBancorpIncMember2022-01-012022-01-31fnb:segment0000037808us-gaap:OperatingSegmentsMemberfnb:CommunityBankingMember2022-01-012022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:WealthManagementMember2022-01-012022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:InsuranceMember2022-01-012022-03-310000037808fnb:CorporateReconcilingItemsAndEliminationsMember2022-01-012022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:CommunityBankingMember2022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:WealthManagementMember2022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:InsuranceMember2022-03-310000037808fnb:CorporateReconcilingItemsAndEliminationsMember2022-03-310000037808us-gaap:OperatingSegmentsMemberfnb:CommunityBankingMember2021-01-012021-03-310000037808us-gaap:OperatingSegmentsMemberfnb:WealthManagementMember2021-01-012021-03-310000037808us-gaap:OperatingSegmentsMemberfnb:InsuranceMember2021-01-012021-03-310000037808fnb:CorporateReconcilingItemsAndEliminationsMember2021-01-012021-03-310000037808us-gaap:OperatingSegmentsMemberfnb:CommunityBankingMember2021-03-310000037808us-gaap:OperatingSegmentsMemberfnb:WealthManagementMember2021-03-310000037808us-gaap:OperatingSegmentsMemberfnb:InsuranceMember2021-03-310000037808fnb:CorporateReconcilingItemsAndEliminationsMember2021-03-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2022-03-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfnb:AgencyCollateralizedMortgageObligationsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-03-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:TradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfnb:NonTradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfnb:NonTradingLiabilitiesMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingLiabilitiesMember2022-03-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2021-12-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfnb:AgencyCollateralizedMortgageObligationsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:AgencyCollateralizedMortgageObligationsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2021-12-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingAccountAssetsMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:TradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberfnb:NonTradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberfnb:NonTradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberfnb:NonTradingLiabilitiesMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2021-12-310000037808us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2022-01-012022-03-310000037808us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310000037808us-gaap:FairValueMeasurementsRecurringMember2022-01-012022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2022-03-310000037808us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2020-12-310000037808us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310000037808us-gaap:FairValueMeasurementsRecurringMember2020-12-310000037808us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2021-01-012021-12-310000037808us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMember2021-01-012021-12-310000037808us-gaap:FairValueMeasurementsRecurringMember2021-01-012021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMember2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMember2022-03-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMember2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMember2021-12-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMember2022-01-012022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMemberfnb:MortgageLoanMemberfnb:ProvisionExpenseMember2022-01-012022-03-310000037808fnb:SmallBusinessAdministrationLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-01-012022-03-310000037808us-gaap:FairValueMeasurementsNonrecurringMember2022-01-012022-03-310000037808us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310000037808us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-03-310000037808us-gaap:FairValueInputsLevel1Member2022-03-310000037808us-gaap:FairValueInputsLevel2Member2022-03-310000037808us-gaap:FairValueInputsLevel3Member2022-03-310000037808us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000037808us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000037808us-gaap:FairValueInputsLevel1Member2021-12-310000037808us-gaap:FairValueInputsLevel2Member2021-12-310000037808us-gaap:FairValueInputsLevel3Member2021-12-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 10-Q  
(Mark One)
Quarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

For the quarterly period ended March 31, 2022
Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
For the transition period from                      to                     
Commission file number 001-31940  
 
F.N.B. CORPORATION
(Exact name of registrant as specified in its charter) 
 
Pennsylvania25-1255406
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
One North Shore Center, 12 Federal Street, Pittsburgh, PA15212
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: 800-555-5455

(Former name, former address and former fiscal year, if changed since last report) 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated FilerAccelerated Filer
Non-accelerated FilerSmaller reporting company
Emerging Growth Company
1


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  ☒
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Exchange on which Registered
Common Stock, par value $0.01 per shareFNBNew York Stock Exchange
Depositary Shares each representing 1/40th interest in a
share of Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series E
FNBPrENew York Stock Exchange
  
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
ClassOutstanding atApril 30, 2022
Common Stock, $0.01 Par Value351,470,171 Shares
2


F.N.B. CORPORATION
FORM 10-Q
March 31, 2022
INDEX
 
 PAGE
PART I – FINANCIAL INFORMATION 
Item 1.Financial Statements
Item 2.
Item 3.
Item 4.
PART II – OTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
3



Glossary of Acronyms and Terms
Acronym
Description
Acronym
Description
ACL
Allowance for credit losses
HowardHoward Bancorp, Inc.
AFS
Available for sale
HTM
Held to maturity
ALCO
Asset/Liability Committee
LGD
Loss given default
AOCI
Accumulated other comprehensive income
LIBOR
London Inter-bank Offered Rate
ASC
Accounting Standards Codification
LIHTC
Low income housing tax credit
ASU
Accounting Standards Update
MD&A
Management's Discussion and Analysis of
Financial Condition and Results of Operations
AULC
Allowance for unfunded loan commitments
MSRs
Mortgage servicing rights
BOLI
Bank owned life insurance
OCC
Office of the Comptroller of the Currency
CARES Act
Coronavirus Aid, Relief and Economic Security Act
OREO
Other real estate owned
CECL
Current expected credit losses
PCD
Purchased credit deteriorated
CET1
Common equity tier 1
PPPPaycheck Protection Program
COVID-19
Novel coronavirus disease of 2019
R&S
Reasonable and Supportable
EVE
Economic value of equity
RRR
Reference Rate Reform
FASB
Financial Accounting Standards Board
SBA
Small Business Administration
FDIC
Federal Deposit Insurance Corporation
SEC
Securities and Exchange Commission
FHLB
Federal Home Loan Bank
SOFR
Secured Overnight Financing Rate
FNB
F.N.B. Corporation
TDR
Troubled debt restructuring
FNBPA
First National Bank of Pennsylvania
TPS
Trust preferred securities
FRB
Board of Governors of the Federal Reserve
System
U.S.
United States of America
FTE
Fully taxable equivalent
UST
U.S. Department of the Treasury
GAAP
U.S. generally accepted accounting principles
VIE
Variable interest entity
4


PART I – FINANCIAL INFORMATION
 
ITEM 1.    FINANCIAL STATEMENTS

F.N.B. CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except share and per share data)
March 31,
2022
December 31,
2021
 (Unaudited) 
Assets
Cash and due from banks$436 $337 
Interest-bearing deposits with banks3,421 3,156 
Cash and Cash Equivalents3,857 3,493 
Debt securities available for sale (amortized cost of $3,600 and $3,416; allowance for credit losses of $0 and $0)
3,446 3,426 
Debt securities held to maturity (fair value of $3,364 and $3,506; allowance for credit losses of $0 and $0)
3,513 3,463 
Loans held for sale (includes $214 and $269 measured at fair value) (1)
253 295 
Loans and leases, net of unearned income of $36 and $36
26,839 24,968 
Allowance for credit losses on loans and leases(371)(344)
Net Loans and Leases26,468 24,624 
Premises and equipment, net394 345 
Goodwill2,434 2,262 
Core deposit and other intangible assets, net59 42 
Bank owned life insurance627 546 
Other assets971 1,017 
Total Assets$42,022 $39,513 
Liabilities
Deposits:
Non-interest-bearing demand$11,729 $10,789 
Interest-bearing demand15,256 14,409 
Savings3,970 3,669 
Certificates and other time deposits2,949 2,859 
Total Deposits33,904 31,726 
Short-term borrowings1,425 1,536 
Long-term borrowings713 682 
Other liabilities541 419 
Total Liabilities36,583 34,363 
Stockholders’ Equity
Preferred stock - $0.01 par value; liquidation preference of $1,000 per share
Authorized – 20,000,000 shares
Issued – 110,877 shares
107 107 
Common stock - $0.01 par value
Authorized – 500,000,000 shares
Issued – 363,773,858 and 329,464,669 shares
4 3 
Additional paid-in capital4,560 4,109 
Retained earnings1,118 1,110 
Accumulated other comprehensive loss(202)(62)
Treasury stock – 12,862,828 and 10,531,177 shares at cost
(148)(117)
Total Stockholders’ Equity5,439 5,150 
Total Liabilities and Stockholders’ Equity$42,022 $39,513 
(1)Amount represents loans for which we have elected the fair value option. See Note 19.
See accompanying Notes to Consolidated Financial Statements (unaudited)
5


F.N.B. CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in millions, except per share data)
Unaudited
 Three Months Ended
March 31,
 20222021
Interest Income
Loans and leases, including fees$221 $221 
Securities:
Taxable24 22 
Tax-exempt7 8 
Other2  
Total Interest Income254 251 
Interest Expense
Deposits8 15 
Short-term borrowings6 7 
Long-term borrowings6 6 
Total Interest Expense20 28 
Net Interest Income234 223 
Provision for credit losses18 6 
Net Interest Income After Provision for Credit Losses216 217 
Non-Interest Income
Service charges31 28 
Trust services10 9 
Insurance commissions and fees8 7 
Securities commissions and fees6 6 
Capital markets income7 8 
Mortgage banking operations7 16 
Dividends on non-marketable equity securities2 2 
Bank owned life insurance3 3 
Other4 4 
Total Non-Interest Income
78 83 
Non-Interest Expense
Salaries and employee benefits112 107 
Net occupancy18 16 
Equipment18 17 
Amortization of intangibles3 3 
Outside services17 17 
Marketing3 3 
FDIC insurance5 5 
Bank shares and franchise taxes4 4 
Merger-related29  
Other18 13 
Total Non-Interest Expense
227 185 
Income Before Income Taxes67 115 
Income taxes14 22 
Net Income53 93 
Preferred stock dividends2 2 
Net Income Available to Common Stockholders$51 $91 
Earnings per Common Share
Basic$0.15 $0.28 
Diluted0.15 0.28 
See accompanying Notes to Consolidated Financial Statements (unaudited)
6


F.N.B. CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
Unaudited
 
 Three Months Ended
March 31,
20222021
Net income$53 $93 
Other comprehensive income (loss):
Securities available for sale:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $(36) and $(6)
(128)(21)
Derivative instruments:
Unrealized gains (losses) arising during the period, net of tax expense (benefit) of $(4) and $1
(15)4 
Reclassification adjustment for gains included in net income, net of tax expense of $0 and $1
2 4 
Pension and postretirement benefit obligations:
Unrealized gains arising during the period, net of tax expense of $0 and $0
1 1 
Other Comprehensive Income (Loss)(140)(12)
Comprehensive Income (Loss)$(87)$81 
See accompanying Notes to Consolidated Financial Statements (unaudited)
7


F.N.B. CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Dollars in millions, except per share data)
Unaudited
 
Preferred
Stock
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Three Months Ended March 31, 2021
Balance at beginning of period$107 $3 $4,087 $869 $(39)$(68)$4,959 
Comprehensive income 93 (12)81 
Dividends declared:
Preferred stock: $18.13/share
(2)(2)
Common stock: $0.12/share
(39)(39)
Issuance of common stock— 1 (1) 
Repurchase of common stock(36)(36)
Restricted stock compensation11 11 
Balance at end of period$107 $3 $4,099 $921 $(51)$(105)$4,974 
Three Months Ended March 31, 2022
Balance at beginning of period$107 $3 $4,109 $1,110 $(62)$(117)$5,150 
Comprehensive income 53 (140)(87)
Dividends declared:
Preferred stock: $18.13/share
(2)(2)
Common stock: $0.12/share
(43)(43)
Issuance of common stock 1 (1) 
Issuance of common stock - acquisitions1 442 443 
Repurchase of common stock(30)(30)
Restricted stock compensation8 8 
Balance at end of period$107 $4 $4,560 $1,118 $(202)$(148)$5,439 
See accompanying Notes to Consolidated Financial Statements (unaudited)
8


F.N.B. CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
Unaudited
 
 Three Months Ended
March 31,
 20222021
Operating Activities
Net income$53 $93 
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:
Depreciation, amortization and accretion15 1 
Provision for credit losses18 6 
Deferred tax expense (benefit)5 (1)
Loans originated for sale(354)(566)
Loans sold410 550 
Net gain on sale of loans(15)(16)
Net change in:
   Interest receivable2 1 
   Interest payable(2)(4)
   Bank owned life insurance, excluding purchases(1) 
Other, net227 151 
Net cash flows provided by operating activities358 215 
Investing Activities
Net change in loans and leases, excluding sales and transfers(74)(59)
Debt securities available for sale:
Purchases(398)(567)
Sales287  
Maturities/payments244 835 
Debt securities held to maturity:
Purchases(243)(365)
Maturities/payments190 188 
Increase in premises and equipment(27)(8)
Net cash received in business acquisition75  
Net cash flows provided by investing activities54 24 
Financing Activities
Net change in:
Demand (non-interest bearing and interest bearing) and savings accounts478 1,510 
Time deposits(131)(278)
Short-term borrowings(125)(117)
Proceeds from issuance of long-term borrowings3 4 
Repayment of long-term borrowings(206)(7)
Repurchases of common stock(30)(36)
Cash dividends paid:
Preferred stock(2)(2)
Common stock(43)(39)
Other, net8 11 
Net cash flows (used in) provided by financing activities(48)1,046 
Net Increase in Cash and Cash Equivalents364 1,285 
Cash and cash equivalents at beginning of period3,493 1,383 
Cash and Cash Equivalents at End of Period$3,857 $2,668 
See accompanying Notes to Consolidated Financial Statements (unaudited)
9


F.N.B. CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
March 31, 2022
The terms “FNB,” “the Corporation,” “we,” “us” and “our” throughout this Report mean F.N.B. Corporation and our consolidated subsidiaries, unless the context indicates that we refer only to the parent company, F.N.B. Corporation. When we refer to "FNBPA" in this Report, we mean our bank subsidiary, First National Bank of Pennsylvania, and its subsidiaries.
NATURE OF OPERATIONS
F.N.B. Corporation, headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. Our market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. As of March 31, 2022, we had 341 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington D.C. and Virginia.
We provide a full range of commercial banking, consumer banking and wealth management solutions through our subsidiary network which is led by our largest affiliate, FNBPA, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. Consumer banking 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. Wealth management services include asset management, private banking and insurance.

NOTE 1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
Our accompanying Consolidated Financial Statements and these Notes to Consolidated Financial Statements (unaudited) include subsidiaries in which we have a controlling financial interest. We own and operate FNBPA, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, Bank Capital Services, LLC, F.N.B. Capital Corporation, LLC and Waubank Securities, LLC, and include results for each of these entities in the accompanying Consolidated Financial Statements.
Companies in which we hold a controlling financial interest, or are a VIE in which we have the power to direct the activities of an entity that most significantly impact the entity’s economic performance and have an obligation to absorb losses or the right to receive benefits which could potentially be significant to the VIE, are consolidated. For a voting interest entity, a controlling financial interest is generally where we hold more than 50% of the outstanding voting shares. VIEs in which we do not hold the power to direct the activities of the entity that most significantly impact the entity’s economic performance or an obligation to absorb losses or the right to receive benefits which could potentially be significant to the VIE are not consolidated. Investments in companies that are not consolidated are accounted for using the equity method when we have the ability to exert significant influence or the cost method when we do not have the ability to exert significant influence. Investments in private investment partnerships that are accounted for under the equity method or the cost method are included in other assets and our proportional interest in the equity investments’ earnings are included in other non-interest income. Investment interests accounted for under the cost and equity methods are periodically evaluated for impairment.
The accompanying interim unaudited Consolidated Financial Statements include all adjustments that are necessary, in the opinion of management, to fairly reflect our financial position and results of operations in accordance with GAAP. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to the current period presentation. Such reclassifications had no impact on our net income and stockholders' equity. Events occurring subsequent to March 31, 2022 have been evaluated for potential recognition or disclosure in the Consolidated Financial Statements through the date of the filing of the Consolidated Financial Statements with the SEC.
Certain information and Note disclosures normally included in Consolidated Financial Statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The interim operating results are not necessarily indicative of operating results FNB expects for the full year. These interim unaudited Consolidated Financial
10


Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our 2021 Annual Report on Form 10-K filed with the SEC on February 24, 2022.
Use of Estimates
Our accounting and reporting policies conform with GAAP. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying Notes to Consolidated Financial Statements (unaudited). Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant changes include the ACL, fair value of financial instruments, goodwill and other intangible assets, income taxes and deferred tax assets and litigation reserves, which are listed in the critical accounting estimates. For a detailed description of our significant accounting policies and critical accounting estimates, see Note 1, "Summary of Significant Accounting Policies" and the "Application of Critical Accounting Policies" section in the MD&A, both in our 2021 Annual Report on Form 10-K.


NOTE 2.    NEW ACCOUNTING STANDARDS
The following table summarizes accounting pronouncements issued by the FASB that we recently adopted or will be adopting in the future.
TABLE 2.1
StandardDescriptionFinancial Statements Impact
Troubled Debt Restructuring and Charge-offs
ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
This Update eliminates the recognition and measurement guidance on TDRs for creditors that have adopted ASC 326 and requires enhanced disclosures about loan modifications for borrowers experiencing financial difficulty.

This Update also requires public business entities to present current-period gross write-offs by year of origination in their vintage disclosures.
This Update is to be applied using a prospective method. For the transition method related to TDRs, an entity has the option to apply a modified retrospective transition method.

Early adoption of this Update is permitted. An entity is allowed to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. We are currently assessing the potential impact to our consolidated financial statements.


NOTE 3.    MERGERS AND ACQUISITIONS
Howard Bancorp, Inc.

On January 22, 2022, we completed our acquisition of Howard, a bank holding company headquartered in Baltimore City, Maryland. The acquisition enhances our presence in the Mid-Atlantic Region. Additionally, cost savings, efficiencies and other benefits are expected from the combined operations. On the acquisition date, Howard had assets with a net book value of approximately $2.4 billion, including $1.8 billion in both loans and deposits. The acquisition was valued at approximately $443 million and resulted in the issuance of 34,074,495 shares of our common stock in exchange for 18,930,329 shares of Howard common stock. We also acquired restricted stock units and the fully vested outstanding stock options of Howard.


11


The merger was accounted for in accordance with the acquisition method of accounting. Preliminary fair values for all assets and liabilities are presented below. Determining the fair value of assets and liabilities is a complex process involving significant judgment regarding estimates and assumptions used to calculate fair values. Accordingly, the initial accounting for the merger is not complete.
TABLE 3.1
(in millions)Howard
Fair value of consideration paid$443 
Fair value of identifiable assets acquired:
Cash and cash equivalents75 
Securities321 
Loans1,780 
Core deposit and other intangible assets19 
Fixed and other assets167 
Total identifiable assets acquired2,362 
Fair value of liabilities assumed:
Deposits1,831 
Borrowings247 
Other liabilities13 
Total liabilities assumed2,091 
Fair value of net identifiable assets acquired271 
Goodwill recognized $172 
Goodwill related to the transaction was recorded in the Community Banking business segment and is not deductible for income tax purposes as the acquisition was accounted for as a tax-free exchange for tax purposes. We incurred merger expenses of $28.6 million related to the Howard acquisition for the first three months of 2022.
We continue to analyze the valuations assigned to the acquired assets and assumed liabilities. Due to the complexity in valuing the loans and the significant amount of data inputs required, the valuation of the loans is not yet final. In addition, we are reviewing third-party valuations on acquired premises and core deposit intangibles. We are also assessing the valuation on deferred taxes, deposits and debt.
Purchased loans and leases that reflect a more-than-insignificant deterioration of credit from origination are considered PCD. We consider various factors in connection with the identification of more-than-insignificant deterioration in credit, including but not limited to nonperforming status, delinquency, risk ratings, TDR classification, Fair Isaac Corporation (FICO) scores and other qualitative factors that indicate deterioration in credit quality since origination. For PCD loans and leases, the initial estimate of expected credit losses is recognized in the ACL on the date of acquisition using the same methodology as other loans and leases held-for-investment. As part of the Howard acquisition, we acquired PCD loans and leases of $186.9 million. We established an ACL at acquisition of $10.0 million with a corresponding gross-up to the amortized cost of the PCD loans and leases. The non-credit discount on the PCD loans and leases was $5.4 million and the Day 1 fair value was $171.5 million.
We integrated the systems and the operating activities of Howard into FNB in February. Due to that integration, it is impracticable to disclose the revenue from the Howard assets acquired and income before income taxes subsequent to the acquisition.

12


NOTE 4.    SECURITIES
The amortized cost and fair value of AFS debt securities are presented in the table below. There was no ACL in the AFS portfolio at March 31, 2022 and December 31, 2021. Accrued interest receivable on AFS debt securities totaled $6.9 million and $7.3 million at March 31, 2022 and December 31, 2021, respectively, and is excluded from the estimate of credit losses and assessed separately in other assets in the Consolidated Balance Sheets. Accordingly, we have excluded accrued interest receivable from both the fair value and the amortized cost basis of AFS debt securities.
TABLE 4.1
(in millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
 Value
Debt Securities AFS:
March 31, 2022
U.S. Treasury$205 $ $(11)$194 
U.S. government agencies140 1  141 
U.S. government-sponsored entities214  (10)204 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,440 1 (54)1,387 
Agency collateralized mortgage obligations1,236  (67)1,169 
Commercial mortgage-backed securities320  (12)308 
States of the U.S. and political subdivisions (municipals)33  (2)31 
Other debt securities12   12 
Total debt securities AFS$3,600 $2 $(156)$3,446 
(in millions)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
 Value
Debt Securities AFS:
December 31, 2021
U.S. Treasury$205 $ $(1)$204 
U.S. government agencies154 1  155 
U.S. government-sponsored entities194  (2)192 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,342 19 (4)1,357 
Agency collateralized mortgage obligations1,192 11 (17)1,186 
Commercial mortgage-backed securities294 5 (2)297 
States of the U.S. and political subdivisions (municipals)33   33 
Other debt securities