F.N.B. Corporation Prices $350 Million Senior Notes Offering

PRESS RELEASE

August 18, 2022 - Pittsburgh, PA

F.N.B. Corporation (NYSE: FNB) today announced the pricing of its offering of $350 million aggregate principal amount of its 5.150% fixed rate senior notes due 2025 (the “Notes”). The Notes will bear interest at 5.150% per annum, payable semi-annually in arrears on February 25 and August 25, of each year, commencing on February 25, 2023, and ending on the earlier of the optional redemption date (which is on or after the 30^th day prior to the maturity of the Notes) or the maturity date at 100% of the principal amount. The Notes will mature on August 25, 2025. The offering is expected to close on August 25, 2022, subject to customary closing conditions.

The Company expects to use the net proceeds from the offering for general corporate purposes, which may include repayment of the 2.200% Senior Notes due February 2023, investments at the holding company level, capital to support the growth of First National Bank of Pennsylvania and refinancing of outstanding indebtedness.

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are serving as joint book-running managers, and BofA Securities, Inc., Piper Sandler & Co., and WauBank Securities LLC are serving as co-managers.

FNB has filed a shelf registration statement (including a base prospectus) and a prospectus supplement relating to this offering with the U.S. Securities and Exchange Commission (SEC). Prospective investors should read the registration statement (including the base prospectus), the prospectus supplement and other documents FNB has filed and will file with the SEC that are incorporated by reference into the registration statement and each prospectus supplement for more complete information about FNB and the offering, including the risks associated with the securities and the offering.

This announcement is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities are neither insured nor approved by the Federal Deposit Insurance Corporation. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from the investor relations section of FNB's website at: www.fnbcorporation.com or from the SEC's website at: www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it by contacting:  Morgan Stanley & Co. LLC by calling 1 (866) 718-1649, or Goldman Sachs & Co. LLC by calling 1 (866) 471-2526. Information on FNB’s website does not constitute part of, and is not incorporated by reference in, the prospectus or prospectus supplement.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB’s 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. The Company has total assets of $42 billion and more than 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB 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, 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. 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. FNB's wealth management services include asset management, private banking and insurance.

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 MidCap 400 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 website at www.fnbcorporation.com.

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