Company Profile
F.N.B. Corporation (NYSE: FNB) (“the company”), the bank holding company for its primary subsidiary First National Bank of Pennsylvania (est. 1864), is a diversified financial services company, headquartered in Pittsburgh, PA with 345 banking offices primarily located across Pennsylvania, North Carolina and the Baltimore-Washington, D.C. and Cleveland metro regions. FNB’s services mix includes trust/wealth management, capital markets, commercial banking, treasury management, residential mortgage banking and insurance.
The loan portfolio is rather well-diversified with residential mortgages and C&I loans (including owner-occupied CRE and leases) the largest concentrations, comprising 34% and 32%, respectively at 2Q24. FNB’s investor CRE concentration was relatively modest tracking near 200% of risk-based capital, comprising 28% of total loans (includes multi-family and C&D loans). The consumer portfolio, which includes a mix of direct and indirect auto loans, as…