F.N.B. (FNB) 8-K Cautionary Statement Regarding Forward-Looking Information

F.N.B. Corporation

Investor Presentation

First Quarter 2014

May 14, 2014

Exhibit 99.1

Cautionary Statement Regarding Forward-Looking Information

and Non-GAAP Financial Information

2

This presentation and the reports F.N.B. Corporation files with the Securities and Exchange Commission often contain “forward-looking statements”

relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of F.N.B.

Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause

F.N.B. Corporation’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited

to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce

interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5)

various monetary and fiscal policies and regulations of the U.S. government that may adversely affect the businesses in which F.N.B. Corporation is

engaged; (6) technological issues which may adversely affect F.N.B. Corporation’s financial operations or customers; (7) changes in the securities

markets; (8) risk factors mentioned in the reports and registration statements F.N.B. Corporation files with the Securities and Exchange Commission;

(9) housing prices; (10) job market; (11) consumer confidence and spending habits; (12) estimates of fair value of certain F.N.B. Corporation assets

and liabilities; (13) transaction risks associated with the pending merger of OBA Financial Services Inc., and integration challenges related to the

completed mergers with BCSB Bancorp, Inc., PVF Capital Corp. and Annapolis Bancorp, Inc. and the difficulties encountered in expanding into a new

market; (14) the effects of current, pending and future legislation, regulation and regulatory actions, or (15) the impact on federal regulated agencies

that have oversight or review of F.N.B. Corporation’s business and securities activities. F.N.B. Corporation undertakes no obligation to revise these

forward-looking statements or to reflect events or circumstances after the date of this presentation.

To supplement its consolidated financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), the

Corporation provides additional measures of operating results, net income and earnings per share (EPS) adjusted to exclude certain costs, 

expenses, and gains and losses.  The Corporation believes that these non-GAAP financial measures are appropriate to enhance the

understanding of its past performance as well as prospects for its future performance.  In the event of such a disclosure or release, the Securities

and Exchange Commission’s Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and 

presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most

directly comparable financial measure calculated and presented in accordance with GAAP. 

The Appendix to this presentation contains non-GAAP financial measures used by the Corporation to provide information useful to investors in

understanding the Corporation's operating performance and trends, and facilitate comparisons with the performance of the Corporation's peers. 

While the Corporation believes that these non-GAAP financial measures are useful in evaluating the Corporation, the information should be

considered supplemental in nature and not as a substitute for or superior to the relevant financial information prepared in accordance with GAAP. 

The non-GAAP financial measures used by the Corporation may differ from the non-GAAP financial measures other financial institutions use to

measure their results of operations.  This information should be reviewed in conjunction with the Corporation’s financial results disclosed on April 23,

2014 and in its periodic filings with the Securities and Exchange Commission.

Important Information About the Pending Merger

Merger

of

F.N.B.

and

OBA

Financial

Services

Inc.

In

connection

with

the

proposed

merger

between

F.N.B.

and

OBA

Financial

Services,

Inc.,

a

definitive

proxy statement of and OBA Financial Services, Inc. and prospectus of F.N.B. will be filed with the SEC. SHAREHOLDERS OF OBA FINANCIAL SERVICES,

INC. ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS

FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT

INFORMATION.

F.N.B. and OBA Financial Services, Inc. and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from

OBA

Financial

Services,

Inc.

shareholders

in

connection

with

the

proposed

merger.

Information

concerning

such

participants’

ownership

of

OBA

Financial

Services, Inc. common stock will be set forth in the definitive proxy statement/prospectus.

Where to Find Additional Information. A free copy of the definitive proxy statement/prospectus for each pending merger, as well as other documents containing

information

about

F.N.B.

Corporation

and

OBA

Financial

Services,

Inc.,

may

be

obtained

at

the

SEC’s

Internet

site

(http://www.sec.gov).

In

addition,

investors

and security holders may obtain free copies of the documents that F.N.B. and OBA Financial Services, Inc. have filed with the SEC by contacting the following

persons at each corporation:

F.N.B.:

James

G.

Orie,

Chief

Legal

Officer,

F.N.B.

Corporation,

One

F.N.B.

Boulevard,

Hermitage,

PA

16148,

telephone:

(724)

983-3317

OBA Financial Services, Inc.:  Charles E. Weller, President and Chief Executive Officer, OBA Financial Services, Inc., 20300 Seneca Meadows Parkway

Germantown, MD 20876, telephone: (301) 916-0742.

3

4

F.N.B. Corporation

About F.N.B. Corporation

Experienced Leadership Team

Favorably Positioned for Long-Term Success

Strong Operating Trends

About F.N.B. Corporation

5

(1) Pro-forma for the pending acquisition of OBA Financial Services, Inc., which is expected to close in 3Q14, with assets of approximately $0.4 billion,

loans of $0.3 billion, deposits of $0.3 billion and 6 banking locations; (2) SNL Financial, excludes custodian bank

•

Assets: $14.9 billion

(1)

•

Loans: $10.2 billion

(1)

•

Deposits: $12.2 billion

(1)

•

Banking locations: 289

(1)

•

Market Capitalization: $2.1 billion

•

Attractive and expanding footprint: PA/OH/MD/WV: Banking locations span

57

counties and four states

(1)

•

Presence in three major metropolitan markets

(2)

•

#3 market share in the Pittsburgh, Pennsylvania MSA

•

#10 market share in the Baltimore, Maryland MSA

•

#14 market share in the Cleveland, Ohio MSA

•

Solid profitability performance

•

Consistent, high-quality results

•

Industry-leading, consistent loan growth

•

Solid shareholder returns

•

Position for sustained growth; maintain low risk profile

•

Reposition and reinvest in the franchise

•

Maintain disciplined expense control

•

Expand market share potential and growth opportunities

•

Maintain low-risk profile

High-Quality,

Growing Regional Financial Institution

Positioned for Sustained Growth

Consistent, Strong Operating Results

Operating Strategy

Years of

Banking

Experience

Joined FNB

Prior Experience

President and CEO

Vincent J. Delie, Jr.

27

2005

National City

President, First National Bank

John C. Williams, Jr.

43

2008

Huntington

National City

Mellon Bank

Chief Financial Officer

Vincent J. Calabrese, Jr.

26

2007

People’s United

Chief Credit Officer

Gary L. Guerrieri

28

2002

FNB

Promistar

Experienced Leadership Team

6

Experienced and respected executive management team has guided FNB through the cycle, and

positioned Company for long-term, sustained growth

Favorably Positioned for Long-Term Success

7

High-Quality Earnings and Consistent Strong Performance Relative to Peers

Full Year 2013 -

Record net income, record loan production of $3.3 billion, solid operating results

First Quarter 2014 –

Continued solid profitability performance and high-quality earnings

Organic

growth

in

total

loans

for

19

consecutive

quarters,

led

by

strong

C&I

average

loan

growth

of

10%

annualized.

Strong funding mix with transaction deposits and customer repos representing 76% of total deposits and customer

repos at March 31, 2014.  Loans to deposits and customer repurchase agreements ratio of 85%.

Consistent loan and low-cost deposit growth supports stability in the net interest margin.

Solid

and

consistent

asset

quality

results

-

provision

for

loan

losses

continued

to

exceed

net

charge-offs

to

support

loan growth.

1Q14 efficiency ratio of 59% slightly improved from prior year quarter.

FNB

recently

named

as

a

“Best

Performing

Regional

Bank

of

2013”

by

SNL

Financial.

Expanded Footprint and Growth Potential

Recent acquisitions in dynamic markets enhance organic growth opportunities.

Repositioned and Enhanced Delivery Channel

Full suite of online and mobile banking products, 54k customers currently enrolled, with continued growth expected.

Branch optimization strategy has resulted in 52 consolidations and 10 de-novo expansions since 2010 .

Significant Talent Acquisition

Leadership and team build-outs over past several years in existing markets

Leadership and team build in expansion markets essentially complete

Sales Management Process and Culture   

Developed and implemented proprietary systems, processes and strong culture over the past several years

Deployed across FNB business units

Consistent Investments in Enterprise-Wide Risk Management Infrastructure

Well-positioned to continue successfully navigating regulatory environment

Recent Capital Actions Strengthen Capital Structure, Support Growth Objectives and Address Basel III Provisions

Operating Results Relative to Peers

8

The

above

represents

full-year

2010,

2011,

2012, 2013

or

quarterly

results

as

noted.

Refer

to

Supplemental

Information

for

peer

group

listing.

(1) Operating results, refer to Supplemental Information.

1Q14 = First

Full Quarter of

4Q13 Capital

Actions

59.0%

57.8%

59.7%

58.6%

59.7%

30.0%

35.0%

40.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

1Q14

4Q13

3Q13

2Q13

1Q13

Efficiency Ratio

FNB

Peer Group Median

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1Q14

2013

2012

2011

2010

Net Charge-Offs to Average Loans

FNB

Peer Group Median

0.28%

0.28%

0.35%

0.58%

0.77%

3.62%

3.67%

3.64%

3.63%

3.66%

2.50%

2.70%

2.90%

3.10%

3.30%

3.50%

3.70%

3.90%

1Q14

4Q13

3Q13

2Q13

1Q13

Net Interest Margin

FNB

Peer Group Median

14.60%

17.35%

18.75%

16.32%

14.71%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

1Q14

2013

2012

2011

2010

ROTCE

(1)

FNB

Peer Group Median

Consistent Loan and Transaction Deposit Growth

9

(1) Organic balances exclude initial respective balances acquired upon transaction close for BCSB (2/14), PVFC (10/2013), ANNB (4/2013), PVSA (1/2012) and

CBT (1/2011).

Consistent Growth in Loans and Transaction Deposits

Loans

(Spot Balances, In Billions)

Transaction Deposits and Customer Repos

(Spot Balances, In Billions)

CAGR 4Q10 –

1Q14

Total

18.7%

Organic

(1)

9.3%

CAGR 4Q10 –

1Q14

Total

16.3%

Organic

(1)

6.6%

$9.9

$9.5

$8.1

$6.9

$6.1

$7.5

$7.4

$6.8

$6.4

$6.1

3/31/14

12/31/13

12/31/12

12/31/11

12/31/10

Total

Organic

$8.9

$8.4

$7.4

$5.8

$5.1

$6.9

$6.6

$6.2

$5.5

$5.1

3/31/14

12/31/13

12/31/12

12/31/11

12/31/10

Total

Organic

Transaction

Deposit

Growth

-

Strengthened

Funding

Mix

10

(1) Based on period-end balances

Consistent Transaction Deposit Growth Results in Strengthened Deposit Mix

Total Transaction Deposits and Customer Repos Mix

76%

76%

74%

73%

71%

24%

24%

26%

27%

29%

3/31/2014

12/31/2013

12/31/2012

12/31/2011

12/31/2010

Transaction Deposits and Customer Repos

Time Deposits

126%

126%

113%

78%

61%

76%

1Q14

2013 FY

2012 FY

FNB

Peer Group Median

Consistent Asset Quality –

Continued High-Quality Earnings

11

(1) At respective period-end.  FNB levels represents allowance for loan losses to total originated loans.  Peer data per SNL Financial.

FNB Continues to Deliver High-Quality Earnings

Provision for Loan Losses as % of Net Charge-Offs ($)

FNB provision for loan losses exceeds net charge-offs to

support consistent, solid loan growth results

Allowance for Loan Losses/Total Loans (%)

(1)

FNB allowance for loan losses to total loans (originated

portfolio) has remained relatively stable

1.28

1.29

1.38

1.14

1.18

1.47

3/31/2014

12/31/2013

12/31/2012

FNB

Peer Group Median

1Q14 Comparative EPS Trends

12

(1) Operating results, a non-GAAP measure, refer to Appendix for GAAP to Non-GAAP Reconciliation details

$0.19

$0.21

$0.20

$0.03

$0.01

1Q14

4Q13

1Q13

Operating EPS per Common Share

Items Impacting Comparative EPS

1Q14, Linked-Quarter and Prior Year Quarter EPS Trends

(1)

1Q14 Comparative EPS Impacted

Initial full quarter impact from 4Q13

capital actions completed to proactively

position FNB for Basel III

Third quarter of Durbin-related revenue

impact

Increased state taxes due to tax law

revisions

Above items impacted 1Q14 EPS

per common share by $0.03

Pleased with 1Q14 Results

Proven strong, consistent, fundamental key

drivers deliver high-quality earnings

Absorbing above headwind items into run-

rate earnings

Well-positioned to continue organic growth

strategy and achieve incremental benefits

from recent expansion efforts

1Q14 efficiency ratio remained below 60%

due to revenue generation, diligent

expense control and cost-saving initiatives,

well-positioned to gain additional

efficiencies

Enhanced Capital Position

13

Tier 1

Common

Non-

Common

Tier 1

Tier 2

6.1%

6.8%

9/30/2013

3/31/2014

$5.04

$5.58

9/30/2013

3/31/2014

Tier 1

10.6%

Tier 1

11.3%

Total Risk-Based Capital

Tangible Common Equity/

Tangible Assets

Tangible Book Value

Per Share

Capital Position as of March 31, 2014

Capital levels at March 31, 2014 reflect benefit of fourth quarter of 2013 capital actions

Raised $161.3 million in net proceeds through the issuance of 4.7 million shares of common stock and 4.4 million depositary

shares of non-cumulative perpetual preferred stock

Strengthened capital structure to address Basel III provisions

Redeemed $138 million of trust preferred securities through March 31, 2014

Trust

preferred

securities

now

represent

6%

of

Tier

1

capital

at

March

31,

2014

compared

to

19%

at

September

30,

2013 (pre-capital actions), and 39% of non-common Tier 1 capital compared to100% at September 30, 2013

TCE/TA

and

TBV

per

share

have

each

increased

11%

since

September

30,

2013

2.0%

1.7%

1.5%

1.3%

12.1%

12.6%

8.6%

9.6%

9/30/2013

3/31/2014

Market Position

Strong Market Position

Regional Alignment

Presence in Major Markets

Acquisition-Related Expansion Enhances Organic Growth Opportunities

14

FNB’s model utilizes six regions, including three in major metropolitan markets,

with each having a regional headquarters housing cross-functional teams. 

The five most recent announced acquisitions position FNB in dynamic metro markets.

FNB Banking Footprint 

15

Source: SNL Financial

FNB Recent Acquisition Summary

MSA

FNB

Market

Share

MSA

Population

Pittsburgh

#3

2.4 Million

(#22 MSA)

PVSA -

Closed 1Q12

Baltimore

#10

2.7 Million

(#20 MSA)

ANNB -

Closed 2Q13

BCSB -

Closed 1Q14

OBAF –

Pending, expected close 3Q14

Cleveland

#14

2.1 Million

(#29 MSA)

PVFC -

Closed 4Q13

Cleveland

MSA

Pittsburgh

MSA

Baltimore

MSA

Current FNB Locations

OBAF Locations

MSA

Market

Share

-

Proven

Success,

Opportunity

For

Growth

16

Source:  SNL Financial, deposit data as of June 30, 2013, pro-forma as of April 30, 2014, excludes custodial bank (Pittsburgh MSA and Washington DC MSA).

All Other MSAs represent MSA’s with FNB presence excluding Pittsburgh, Cleveland and Baltimore MSAs.

Established

MSA

Markets

–

Proven

Success,

Leading

Share

Position

Achieved

Recent

Expansion

MSA

Markets

–

Opportunity

for

Growth

Pittsburgh, PA MSA

Rank

Institution

Total Deposits

($000)

Market

Share (%)

1

PNC Financial Services Group Inc.

46,290,008

56.1%

2

Royal Bank of Scotland Group Plc

7,129,530

8.6%

3

F.N.B. Corp.

3,835,905

4.6%

4

Dollar Bank Federal Savings Bank

3,556,646

4.3%

5

First Niagara Financial Group Inc.

2,762,262

3.3%

6

Huntington Bancshares Inc.

2,512,422

3.0%

7

First Commonwealth

2,465,101

3.0%

8

TriState Capital Holdings Inc.

1,940,243

2.4%

9

S&T Bancorp Inc.

1,674,394

2.0%

10

Northwest Bancshares Inc.

1,045,914

1.3%

All Other FNB MSAs

Rank

Institution

Total Deposits

($000)

Market

Share (%)

1

Wells Fargo & Co.

28,625,288

11.5%

2

Capital One Financial Corp.

21,808,231

8.8%

3

PNC Financial Services Group Inc.

21,451,640

8.6%

4

Bank of America Corp.

21,178,566

8.5%

5

SunTrust Banks Inc.

16,558,202

6.7%

6

BB&T Corp.

13,395,183

5.4%

7

M&T Bank Corp.

11,277,819

4.5%

8

Citigroup Inc.

6,617,764

2.7%

9

F.N.B. Corp.

5,400,417

2.2%

10

United Bankshares Inc.

4,538,141

1.8%

Baltimore -

Towson, MD MSA

Rank

Institution

Total Deposits

($000)

Market

Share (%)

1

Bank of America Corp.

16,059,885

25.4%

2

M&T Bank Corp.

14,128,448

22.3%

3

PNC Financial Services Group Inc.

6,716,296

10.6%

4

Wells Fargo & Co.

6,049,235

9.6%

5

BB&T Corp.

3,883,370

6.1%

6

SunTrust Banks Inc.

2,046,469

3.2%

7

First Mariner Bancorp

1,093,935

1.7%

8

Susquehanna Bancshares Inc.

1,082,184

1.7%

9

Capital One Financial Corp.

976,373

1.5%

10

F.N.B. Corp.

965,219

1.5%

Cleveland-Elyria-Mentor, OH MSA

Rank

Institution

Total Deposits

($000)

Market

Share (%)

1

KeyCorp

11,363,682

21.9%

2

PNC Financial Services Group Inc.

6,331,873

12.2%

3

TFS Financial Corp. (MHC)

5,425,587

10.4%

4

Huntington Bancshares Inc.

4,261,126

8.2%

5

Royal Bank of Scotland Group Plc

4,104,874

7.9%

6

FirstMerit Corp.

3,469,571

6.7%

7

Fifth Third Bancorp

3,384,743

6.5%

8

JPMorgan Chase & Co.

2,893,731

5.6%

9

U.S. Bancorp

2,032,321

3.9%

10

Dollar Bank Federal Savings Bank

1,701,264

3.3%

14

F.N.B. Corp.

623,947

1.2%

Significant Commercial Prospects

17

Note: Above metrics at the MSA and County level

(1)

Data per U.S. Census Bureau, and does not include total businesses related to pending OBAF acquisition

(2)

Data per Hoover’s as of May 2, 2014

(3)

Montgomery County, Maryland, presented as potential prospects related to pending OBAF acquisition expansion

Significant

Commercial

Prospects

Concentrated

in

Pittsburgh,

Maryland

&

Cleveland

Opportunity

to

Leverage

Core

Competency

and

Drive

Sustained

Organic

Growth

(1)

(2)

Strong Concentration of Commercial Prospects In

Metro Expansion Markets

Over 175,000 Total Businesses

(1)

(3)

1,882

1,993

2,090

8,867

9,674

10,340

4,584

12,851

13,345

13,410

52,149

59,240

65,169

Youngstown, OH

MSA

Scranton, PA

MSA

Harrisburg, PA

MSA

Cleveland, OH

MSA

Pittsburgh, PA

MSA

Baltimore, MD

MSA

Montgomery

County, MD

# of Business with Revenue >$1M

Total Businesses

Disciplined

Acquisition

Strategy

–

Platform

for

Organic

Growth

18

Disciplined and Consistent Acquisition Strategy

Strategy

Disciplined identification and focus on markets that offer

potential to leverage core competencies and growth

opportunities

Criteria

Create shareholder value

Meet strategic vision

Fit culturally

Evaluation

Targeted financial and capital recoupment hurdles

Proficient and experienced due diligence team

Extensive and detailed due diligence process

Execution

Superior post-acquisition execution

Execute FNB’s proven, scalable, business model

Proven success assimilating FNB’s strong sales culture

13th bank acquisition announced since 2002 (OBAF)

Fifth consecutive acquisition in a major MSA

Five acquisitions completed since 2010

Ten acquisitions completed since 2005

Execution

Strategy

Criteria

Evaluation

Experienced Acquirer

Expanded Franchise = Enhanced Organic Growth Prospects

19

Note: Market population and market businesses represent current metrics based on respective FNB MSA presence

Data per FNB, SNL Financial and/or U.S. Census Bureau (Businesses)

Acquisition-

Related

Expansion in

Higher Growth

Markets

Enhances

Organic Growth

Opportunities

In Millions

159

289

2007

1Q14 Pro

-Forma

FNB Branches

27

57

2007

1Q14 Pro

-Forma

FNB Counties of Operation

7.4

12.6

2007

1Q14 Pro

-Forma

FNB Markets Population

(MSA)

3.0

5.0

2007

1Q14 Pro

-Forma

FNB Markets Households

(MSA)

FNB

Maryland

Acquisitions

–

Platform

For

Growth

In

Place

20

FNB Maryland

Acquisition History

Announce

Completion

Assets

Loans

Deposits

Branches

Credit Mark

Cost Savings

OBAF

4/2014

3Q14

0.4

$         

0.3

$         

0.3

$         

6

1.3

x

3%

40%

BCSB

6/2013

2/2014

0.6

$         

0.3

$         

0.5

$         

16

1.4

x

6%

25%

ANNB

10/2012

4/2013

0.4

$         

0.3

$         

0.4

$         

8

1.6

x

6%

30%

FNB Regional HQ

3/2014

1

Total Scale

1.4

$         

0.9

$         

1.2

$         

31

Average P/TBV, Credit Mark, Cost Savings

1.4

x

5%

32%

Dates

Scale

(1)

Pricing/Credit Marks/Cost Savings

(2)

P/TBV

($ in billions)

(1)

As

of

close

for

completed

acquisitions

,

announce

date

for

pending

acquisition;

(2)

As

of

announce

date

FNB’s Expanding Maryland Presence Continues to Strengthen

Solid

platform

for

growth

established

in

under

one

year

Top 10 deposit market share

Cost effective, lower-risk acquisitions

Attractively priced at an average of 1.4x TBV

Solid,

performing

acquired

portfolios

-

average

credit mark of 5%

Established presence enables realization of cost savings

Steady pace of acquisitions has allowed time to build strong,

in-market leadership and team

Leverages FNB’s experienced integration team

FNB Maryland Presence

Current FNB Locations

OBAF Locations

21

Strong Operating Results

1Q14 Highlights and Trends

1Q14 Operating and Strategic Highlights

22

First Quarter 2014 Operating Result Highlights

1Q14 operating

(1)

net income available to common shareholders of $30.8 million; earnings per diluted common share of $0.19

First full quarter of 4Q13 capital raise, third quarter of Durbin impact and increased bank shares tax impacted EPS

per common share by $0.03

Solid profitability performance and continued high-quality earnings

Return

on

average

tangible

assets

of

1.06%

(1)

Return

on

average

tangible

common

equity

of

14.60%

(1)

Net interest margin of 3.62%, continued stability in core net interest margin

Efficiency ratio of 59%

Expense

control

effective

–

year-over-year

operating

expense

growth

of

11%

relative

to

21%

asset

growth

Strong organic loan growth

Total organic average loan growth of $144.3 million or 6.2% annualized

Continued good asset quality results

Net charge-offs of 0.28% annualized of average originated loans

Non-performing loans and OREO to total originated loans and OREO at 1.46%

Total

delinquency

for

the

originated

portfolio

improved

11

basis

points

to

1.17%

Tangible common equity to tangible asset ratio of 6.8%, highest level in over 10 years

Strategic Accomplishments

Announced signing of merger agreement with OBA Financial Services, Inc. (OBAF) on April 8, 2014

Completed and integrated BCSB Bancorp, Inc. (BCSB) acquisition on February 15, 2014

Realized net gain of $9.5 million on sale of certain securities, including trust preferred securities portfolio

Completed redemption of pooled trust preferred securities in conjunction with 4Q13 capital actions

(1) Operating results, a non-GAAP measure, refer to Appendix for GAAP to Non-GAAP Reconciliation details

1Q14 Financial Highlights –

Quarterly Trends

23

Current

Quarter

1Q14

Prior

Quarter

4Q13

Prior Year

Quarter

1Q13

Operating

Earnings

(1)

Net Income ($ millions)

$33.1

$32.5

$28.8

Net income available to common shareholders ($ millions)

$30.8

$32.5

$28.8

Earnings per diluted common share

$0.19

$0.21

$0.20

Profitability

Performance

ROTCE

(1)

14.60%

16.45%

17.43%

ROTA

(1)

1.06%

1.07%

1.08%

Reported net interest margin

3.62%

3.67%

3.66%

Core net interest margin

3.60%

3.61%

3.62%

Efficiency ratio

59.0%

57.8%

59.7%

Strong 

Balance Sheet

Organic Growth

Trends

(% Annualized)

(2)

Total loan growth

6.2%

5.9%

6.4%

Commercial loan growth

9.8%

4.4%

10.8%

Consumer loan growth

5.7%

13.8%

6.1%

Transaction deposits and customer repo growth

-1.4%

6.8%

2.6%

(3)

(1) Non-GAAP measure, refer to Appendix for GAAP to Non-GAAP Reconciliation details; (2) Average, annualized linked quarter organic growth results.  Organic

growth results exclude balances acquired in the BCSB acquisition (1Q14) and PVFC  acquisition (4Q13); (3) Total deposits excluding time deposits

Balance

Sheet

Highlights

–

Quarterly

Averages

24

(1) Linked-quarter growth, organic growth % is annualized and represents total growth less balances acquired from the BCSB acquisition completed

February 15, 2014; (2) Includes Direct Installment, Indirect Installment and Consumer LOC portfolios; (3) Excludes time deposits; (4) Period-end as of

March 31, 2014

Average Balances, $ in Millions

1Q14

Reported

Growth

(1)

Organic 

Growth

(1)

1Q14 Highlights

Balance

$

$

%

Securities

$2,496

$180.6

-

-

Continued balance sheet growth, both

organically and through acquisitions

Total reported growth reflects the

benefit from the completion of the BCSB

acquisition on February 15, 2014

Organic growth in average total loans of

$144.3 million or 6.2% annualized

Strong organic growth of 9.8%

annualized in average commercial

loans

Quarterly average organic results for

transaction deposits and customer

repurchase agreements reflect timing of

seasonality trends.  Organic growth on

a period-end basis strong at $230

million or 10.8% annualized.

Strong Funding Mix

Lower cost, relationship-based

transaction deposits and customer

repurchase agreements represent

76% of total transaction deposits

and customer repurchase

agreements

(4)

Loans to deposits and customer

repos ratio of 85%

Total loans

$9,696

$373.0

$144.3

6.2%

Commercial loans

$5,425

$271.6

$125.1

9.8%

Consumer loans

(2)

$3,120

$80.6

$43.3

5.7%

Residential mortgage loans

$1,107

$21.9

-$23.0

-8.5%

Earning assets

$12,243

$468.5

-

-

Total deposits and customer repos

$11,339

$225.7

-$106.0

-3.8%

Transaction deposits and customer

repos

(3)

$8,644

$139.9

-$30.2

-1.4%

Time deposits

$2,695

$85.8

-$75.8

-11.6%

Non-interest bearing deposits

$2,223

$53.9

$28.6

5.3%

Net Interest Margin Trends

25

Net Interest Margin Trends

Net Interest Margin Trends

Accretable  yield benefit of $0.6 million in 1Q14 compared to $1.7 million and $1.3 million in 4Q13 and 1Q13, respectively.

1Q14 net interest income (FTE) totaled $109.5 million, growing $0.9 million, or 0.8%, linked quarter, and $14.7 million, or 15.5%,

compared to the  prior year quarter

Continued stability in the core net interest margin

Asset Quality Results

(1)

26

$ in Thousands

1Q14

4Q13

1Q13

1Q14 Highlights

NPL’s+OREO/Total loans+OREO

1.46%

1.44%

1.59%

Overall consistent, solid performance

NPL’s+OREO/Total loans +OREO consistent

with the prior quarter, with the slight increase

reflecting the 3 basis point impact from the

addition of BCSB  OREO, and improved  from 

the year-ago quarter

Delinquency improved compared to the prior

quarter and  the year-ago quarter

Total provision continues to exceed net-charge-

offs

Net charge-off results remain at good levels

Year-over-year reserve position reflects

favorable credit migration in the portfolio, pay-

downs and improved non-performing loan

levels

Total delinquency

1.17%

1.28%

1.45%

Provision for loan losses

(2)

$7,006

$8,366

$7,541

Net charge-offs (NCO’s)

(2)

$5,571

$7,634

$4,213

NCO’s/Total average loans

(2)

0.23%

0.32%

0.21%

NCO’s/Total average originated loans

0.28%

0.30%

0.22%

Allowance for loan losses/

Total loans

1.28%

1.29%

1.39%

Allowance for loan losses/

Total non-performing loans

134.88%

135.42%

124.80%

(1)

Metrics shown are originated portfolio metrics unless noted as a total portfolio metric. “Originated portfolio” or “Originated loans” 

excludes loans acquired at fair value and accounted for in accordance with ASC 805 (effective January 1, 2009), as the risk of credit loss 

has been considered by virtue of the Corporation’s estimate of fair value.

(2)

Total portfolio metric

Asset Quality Trends

27

Peer

data

per

SNL

Financial,

refer

to

Appendix

for

peer

listing;

(1)

Metrics

shown

are

originated

portfolio.

“Originated

portfolio”

or

“Originated

loans”

excludes loans acquired at fair value and accounted for in accordance with ASC 805 (effective January 1, 2009), as the risk of credit loss has been

considered by virtue of the Corporation’s estimate of fair value; (2) Based on balances at quarter end for each period presented; (3) Full year or

quarterly results annualized.

NCO’s Originated Loans/

Total

Originated

Loans

(1)(3)

NPL’s+OREO/

Total

Originated

Loans+OREO

(1)(2)

28

Investment Thesis

Long-Term Investment Thesis

Long-Term

Investment

Thesis

-

Return

Focused

29

Long-Term Investment Thesis

5-6%

4-6%

Implied Total Shareholder Return

9-12%

FNB’s long-term investment thesis reflects a commitment to efficient capital management

and creating value for our shareholders

Targeted EPS Growth

Targeted Dividend Yield

(Targeted Payout Ratio 60-70%)

Consistent Operating Results

30

FNB = 93% Percentile

FNB = 92% Percentile

Data per FNB and/or SNL Financial

Refer to Supplemental Information for peer listing

FNB’s ability to deliver consistent operating results exceeds peer results

0.000%

0.010%

0.020%

0.030%

0.040%

0.050%

0.060%

2013 Peer Median

FNB

Revenue/Avg Assets Volatility

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

2014 Peer Median

FNB

ROAA Volatility

FNB

and

Peer

Volatility

(Standard

Deviation

1Q10

–

1Q14)

Attractive P/E Valuation Highlights Potential Upside

Market data per SNL Financial as of May 9, 2014.  Refer to Supplemental Information for regional peer listing. 

31

Consistent premium to peers based on price to

tangible book value per share

FNB currently reflects an attractive valuation

based on future earnings

0.00x

0.50x

1.00x

1.50x

2.00x

2.50x

3.00x

3.50x

4.00x

05/09/11

05/09/12

05/09/13

05/09/14

FNB

Peer Median

13.49x

13.81x

8.00x

9.00x

10.00x

11.00x

12.00x

13.00x

14.00x

15.00x

FNB

2014 Peer Median

Historical Price / TBV Per Share (x)

Price /  2015 EPS Estimate (x)

FNB Dividend Yield

Market data per SNL Financial as of May 9, 2014.  Refer to Supplemental Information for regional peer listing. 

32

FNB Dividend Yield Consistently Above Peer Levels

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Annualized Dividend Yield

FNB

Peer Median

33

Supplemental Information

34

Supplemental Information Index

Diversified Loan Portfolio

Deposits and Customer Repurchase Agreements

Investment Portfolio

Loan Risk Profile

Regency Finance Company Profile

Regional Peer Group Listing

GAAP to Non-GAAP Reconciliation

Diversified Loan Portfolio

35

Note: Balance, CAGR and % of Portfolio based on period-end balances

3/31/2014

CAGR

% of Portfolio

($ in millions)

Balance

12/31/08-

3/31/14

12/31/08

3/31/14

C&I

$1,965

14.9%

16%

20%

CRE:  Non-Owner Occupied

1,973

15.3%

16%

20%

CRE:  Owner Occupied

1,453

7.4%

17%

15%

Commercial Leases

161

32.3%

1%

1%

Total Commercial

$5,552

13.0%

50%

56%

Consumer Home Equity

2,221

12.2%

21%

22%

Residential Mortgage

1,093

12.9%

10%

11%

Indirect

666

5.3%

9%

7%

Other

200

4.8%

3%

2%

Regency

171

1.5%

2%

2%

Florida

39

-31.9%

5%

<1%

Total Loan Portfolio

$9,943

10.7%

100%

100%

Well diversified portfolio

Strong growth results driven by commercial loan growth

$9.9 Billion Loan Portfolio

March 31, 2014

C&I + Owner Occupied CRE =

34% of Total Loan Portfolio

Deposits and Customer Repurchase Agreements

36

Note: Balance, CAGR and % of Portfolio based on period-end balances; (1) Transaction deposits include savings, NOW, MMDA and non-interest

bearing deposits; (2) December 31, 2008 through March 31, 2014

3/31/2014

CAGR

Mix %

($ in millions)

Balance

12/31/08-

3/31/14

12/31/08

3/31/14

Savings, NOW, MMDA

$5,543

13.8%

44%

47%

Time Deposits

2,777

3.5%

36%

24%

Non-Interest Bearing

2,353

19.6%

14%

20%

Customer Repos

1,052

19.4%

6%

9%

Total Deposits and

Customer Repo Agreements

$11,726

12.0%

100%

100%

Transaction Deposits

(1)

and

Customer Repo Agreements

$8,949

15.8%

64%

76%

Loans to Deposits and Customer Repo Agreements Ratio =

85% at March 31, 2014

New client acquisition and relationship-based focus reflected in favorable deposit mix

–

15.8% average growth for transaction deposits and customer repo agreements

(2)

–

76% of total deposits and customer repo agreements are transaction-based deposits

(1)

$11.7 Billion Deposits and

Customer Repo Agreements

March 31, 2014

Investment Portfolio

37

(1) Amounts reflect GAAP

Highly Rated $2.7 Billion Investment Portfolio

March 31, 2014

Ratings

Composition

%

Ratings

($ in millions

(1)

)

Portfolio

Investment %

Agency MBS

$1,081

40%

AAA

97% of total portfolio rated AA or better, 99% rated A or

better

Relatively low duration of 3.6

Municipal bond portfolio

Highly rated with an average rating of AA and 98.5%

of the portfolio rated A or better

General obligation bonds = 98.9% of portfolio

80.9% from municipalities located throughout

Pennsylvania

CMO Agency

1,063

39%

AAA 

100%

Agency Senior Notes

366

13%

AAA

100%

Municipals

146

5%

AAA

AA

A

BBB

11%

57%

31%

1%

Short Term

25

<1%

AAA

100%

Commercial MBS

11

<1%

AAA

100%

Corporate

10

<1%

A

BBB

50%

50%

CMO Private Label

8

<1%

AA

A

BBB

BB   

22%

11%

36%

31%

Trust Preferred

6

<1%

BBB

BB

B

28%

40%

32%

Bank Stocks

2

<1%

Non-Rated

US Treasury

1

<1%

AAA

100%

Total Investment Portfolio

$2,719

100%

100%

38

Loan Risk Profile

(1)

Originated portfolio metric

$ in millions

Balance

3/31/2014

% of Loans

NPL's/Loans

(1)

YTD Net Charge-

Offs/Loans

(1)

Total Past

Due/Loans

(1)

Commercial and Industrial

$1,965

19.8%

0.24%

0.03%

0.37%

CRE:  Non-Owner Occupied

1,973

19.8%

0.75%

-0.03%

0.80%

CRE:  Owner Occupied

1,453

14.6%

2.13%

0.69%

2.40%

Home Equity and Other Consumer

2,362

23.8%

0.54%

0.17%

0.71%

Residential Mortgage

1,093

11.0%

1.25%

0.06%

2.05%

Indirect Consumer

666

6.7%

0.19%

0.34%

0.76%

Regency Finance

171

1.7%

4.44%

4.21%

3.54%

Commercial Leases

161

1.6%

0.46%

0.15%

1.17%

Florida

39

0.4%

24.09%

-0.06%

24.09%

Other

59

0.6%

0.00%

1.94%

0.39%

Total

$9,943

100.0%

0.95%

0.28%

1.17%

Consumer

finance

business

with

over

80

years

of

consumer

lending

experience

Credit quality: 1Q14 net charge-offs to average loans of 4.15%

Returns: 1Q14: ROA 3.73%, ROE 37.45%, ROTE 41.50%

Regency Finance Company Profile

(1)

Return on average tangible common equity (ROTCE) is calculated by dividing net income less

amortization of intangibles by average common equity less average intangibles.

Tennessee

Ohio

Pennsylvania

Kentucky

39

72 Locations

Spanning Four

States

Regency Finance Company

$171 Million Loan Portfolio

86% of Real Estate Loans are First Mortgages

Regional Peer Group Listing

40

Ticker

Institution

Ticker

Institution

ASBC

Associated Bancorp

ONB

Old National Bancorp

AF

Astoria Financial Corporation

PVTB

Private Bancorp, Inc.

CBSH

Commerce Bancshares, Inc.

SUSQ

Susquehanna Bancshares, Inc.

FMER

First Merit Corp.

UMBF

UMB Financial Corp.

FULT

Fulton Financial Corporation

VLY

Valley National Bancorp

MBFI

MB Financial, Inc

WBS

Webster Financial Corporation

NPBC

National Penn Bancshares, Inc.

WTFC

Wintrust Financial Corporation

GAAP to Non-GAAP Reconciliation

41

Operating Return on Average Tangible Common Equity

Operating Return on Average Tangible Assets

March 31, 2014

December 31, 2013

March 31, 2013

Operating net income

Net income available to common shareholders

$32,203

$28,439

$28,538

Add: Merger and severance costs, net of tax

4,711

2,599

229

Add: Debt issuance costs, net of tax

-

1,412

-

Less: Net gain on sale of TPS and other securities, net of tax

6,150

-

-

Operating net income available to common shareholders

$30,764

$32,450

$28,767

Operating diluted earnings per share

Diluted earnings per common share

$0.20

$0.18

$0.20

Add: Merger and severance costs, net of tax

0.03

0.02

0.00

Add: Debt issuance costs, net of tax

-

0.01

-

Less: Net gain on sale of TPS and other securities, net of tax

(0.04)

-

-

Operating diluted earnings per common share

$0.19

$0.21

$0.20

Operating return on average tangible common equity

Operating net income avail to common shareholders (annualized)

$124,764

$128,742

$116,668

Amortization of intangibles, net of tax (annualized)

6,018

6,045

5,076

$130,782

$134,787

$121,744

Average shareholders' common equity

$1,722,721

$1,623,543

$1,410,827

Less: Average intangible assets

827,344

804,098

712,466

Average tangible common equity

$895,377

$819,446

$698,361

Operating return on average tangible common equity

14.60%

16.45%

17.43%

Operating return on average tangible assets

Operating net income (annualized)

$134,180

$128,742

$116,668

Amortization of intangibles, net of tax (annualized)

6,018

6,045

5,076

$140,198

$134,787

$121,744

Average total assets

$13,989,304

$13,456,936

$12,004,759

Less: Average intangible assets

827,344

804,098

712,466

Average tangible assets

13,161,960

$                        

12,652,838

$                        

11,292,292

$                        

Operating return on average tangible assets

1.06%

1.07%

1.08%

For the Quarter Ended

GAAP to Non-GAAP Reconciliation

42

Full Year

Non-GAAP Reconciliation

2013

2012

2011

2010

Operating net income

Net income

$117,804

$110,410

$87,047

$74,652

Add: Merger and severance costs, net of tax

5,336

5,203

3,238

402

Add: Litigation settlement accrual, net of tax

-

1,950

-

-

Add: Branch consolidation costs, net of tax

-

1,214

-

-

Add: Debt redemption costs, net of tax

1,412

-

-

-

Less: Gain on extinguishment of debt, net of tax

(1,013)

-

-

-

Less: Gain on sale of building, net of tax

-

(942)

-

-

Less: One-time pension expense credit, next of tax

-

-

-

(6,853)

Operating net income

$123,540

$117,835

$90,285

$68,201

Operating diluted earnings per share

Diluted earnings per share

$0.80

$0.79

$0.70

$0.65

Add: Merger and severance costs, net of tax

0.04

0.04

0.02

0.00

Add: Litigation settlement accrual, net of tax

-

0.01

-

-

Add: Branch consolidation costs, net of tax

-

0.01

-

-

Add: Debt redemption costs, net of tax

0.01

-

-

-

Less: Gain on extinguishment of debt, net of tax

(0.01)

-

-

-

Less: Gain on sale of building, net of tax

-

(0.01)

-

-

Less: One-time pension expense credit, next of tax

-

-

-

(0.05)

Operating diluted earnings per share

$0.84

$0.84

$0.72

$0.60

Operating return on average tangible common equity

Operating net income (annualized)

$123,539

$117,835

$90,285

$68,201

Amortization of intangibles, net of tax (annualized)

5,465

5,801

4,698

4,364

$129,004

$123,635

$94,983

$72,565

Average shareholders' common equity

$1,496,544

$1,376,493

$1,181,941

$1,057,732

Less: Average intangible assets

752,894

717,031

599,851

564,448

Average tangible common equity

$743,651

$659,462

$582,089

$493,284

Operating return on average tangible common equity

17.35%

18.75%

16.32%

14.71%

Operating return on average tangible assets

Operating net income (annualized)

$123,539

$117,835

$90,285

$68,201

Amortization of intangibles, net of tax (annualized)

5,465

5,801

4,698

4,364

$129,004

$123,635

$94,983

$72,565

Average total assets

$12,640,685

$11,782,821

$9,871,164

$8,906,734

Less: Average intangible assets

752,894

717,031

599,851

564,448

Average tangible assets

11,887,792

$      

11,065,789

$      

9,271,313

$        

8,342,286

$        

Operating return on average tangible assets

1.09%

1.12%

1.02%

0.87%

Year Ended December 31,