F.N.B. CORPORATION

1
F.N.B. CORPORATION

• WELCOME

Investor Meetings New York City July 2527,
2006
2
DISCLOSURES
FORWARD LOOKING STATEMENTS This presentation of
F.N.B. Corporation and the reports it files with
the Securities and Exchange Commission often
contain certain forward-looking statements
relating to present or future trends or factors
affecting the financial services industry and
specifically the financial operations, markets,
and products of F.N.B. Corporation. These
statements identified by words such as
believes, expects, projects, anticipates,
and similar expressions, are forward-looking
statements within the meaning of the safe
harbor provisions of the Private Securities
Litigation Reform Act of 1995. Actual results
could differ materially from those projected.
The company will not undertake an obligation to
release revisions to these forward-looking
statements or to reflect events or circumstances
after this date.
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TOPICS

• PROFILE
• INVESTMENT THESIS
• BUSINESS PLAN
• FINANCIAL GOALS
• SHAREHOLDER VALUE

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PROFILE

• HEADQUARTERS HERMITAGE, PA.
• CHARTERED 142 YEARS AGO
• NYSEFNB
• 32 INSTITUTIONAL OWNERSHIP
• 6.5 INSIDER OWNERSHIP
• 10 YEAR TOTAL SHAREHOLDER RETURN

307
for years 1996 thru 2005
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PROFILE

• 6.1 BILLION ASSETS
• 154 BANK BRANCHES
• 53 CONSUMER FINANCE
• LOCATIONS
• 1.6 BILLION TRUST
• ASSETS
• 6 INSURANCE AGENCY
• OFFICES
• 1 BILLION MARKET CAP

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INVESTMENT THESIS

• EXPERIENCED LEADERSHIP
• DIVERSE REVENUE SOURCES
• ACQUISITIONS - SUPPLEMENT GROWTH
• HIGH PERFORMING RESULTS
• LOW RISK PROFILE
• HIGH CASH DIVIDEND PAYOUT

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LEADERSHIP
BOARD OF DIRECTORS
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LEADERSHIP

• NAME POSITION
  AGE BANKING
• STEPHEN GURGOVITS PRES. / CEO 63 45
• BRIAN LILLY CFO
  48 27
• GARY ROBERTS BANK CEO 56 35
• GARY GUERRIERI CHIEF CREDIT 45 20

SENIOR MANAGEMENT
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BUSINESS LINES

• BANKING
• WEALTH MANAGEMENT
• INSURANCE
• CONSUMER FINANCE
• MERCHANT BANKING

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FIRST NATIONAL BANK

• 6 BILLION ASSETS
• 154 BRANCHES
• MARKET 2.3 MILLION
• HOUSEHOLDS

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FIRST NATIONAL BANK

• COMMERCIAL BANKING
• EXPERIENCED TEAM
• NICHE BUSINESS
• GROWTH MARKETS
• STRONG CREDIT CULTURE

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FIRST NATIONAL BANK
LOAN COMPOSITION
As of June 30, 2006
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FIRST NATIONAL BANK

• NEW GROWTH MARKETS
• PITTSBURGH 100 MILLION
• FLORIDA 200 MILLION
• HARRISBURG 40 CAGR

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FIRST NATIONAL BANK
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F.N.B. CAPITAL CORP.

• MERCHANT BANKING
• START-UP 4Q 2005
• COMMERCIAL FINANCE,
• CAPITAL INVESTMENT
• 6 MILLION FIRST YEAR
• TARGET

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FIRST NATIONAL BANK
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FIRST NATIONAL BANK

• CUSTOMER FOCUS
• ANTICIPATE CUSTOMERS NEEDS
• EXTEND SERVICES PER HOUSEHOLD
• EXPAND WALLET SHARE
• I NCREASE CUSTOMER LOYALTY
• HIGHER REVENUE CONTRIBUTION

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FIRST NATIONAL BANK

• RETAIL NETWORK
• POSITIONED TO CAPITALIZE ON ALL CUSTOMER
• OPPORTUNITIES
• - INNOVATIVE FirstRate DEPOSIT PRODUCTS
• - Lifestyle 50 PRODUCTS
• - SMALL BUSINESS LENDING SYSTEM
• - NEW GENERATION INVESTMENT PRODUCTS

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FIRST NATIONAL BANK
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44
As of June 30, 2006
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WEALTH MANAGEMENT

• FIRST NATIONAL TRUST COMPANY
• - OVER 70 YEARS MANAGING WEALTH
• - 1.6 BILLION UNDER MANAGEMENT
• RETAIL INVESTMENTS
• - DISCOUNT BROKERAGE
• - ANNUITIES
• - MUTUAL FUNDS

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FIRST NATIONAL INSURANCE AGENCY

• PROPERTY, CASUALTY, BENEFITS
• 6 OFFICES
• 74 COMMERCIAL
• REVENUE - 3 YEAR
• CAGR 36

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REGENCY FINANCE CO.

• 79 YRS. CONSUMER LENDING EXPERIENCE
• 53 OFFICES
• HIGH PERFORMING
• AFFILIATE
• - 2.7 ROA
• - 28 ROE

Pennsylvania
Ohio
As of June 30, 2006
Tennessee
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ACQUISITIONS

• SUPPLEMENT MODEST GROWTH
• TARGET HIGHER GROWTH MARKETS
• - Pittsburgh SMSA
• - East / Central Pennsylvania
• - Mid to Northeast Ohio
• ACCRETIVE TO EARNINGS CAPITAL

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ACQUISITIONS

• First National Bank of Slippery Rock
• - 7 Locations / In-Market
• Morrell, Butz Junker
• - Largest Independent Insurance Agency in
  Pittsburgh
• NorthSide Bank
• - Pittsburgh Market / 11 Branches
• National Bank of North East
• - 4 Offices / Erie
• Penn Group Insurance
• - Employee Benefits
• The Legacy Bank
• - 8 Offices / Harrisburg

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OTHER EXPANSION

• Orlando

FLORIDA LOAN PRODUCTION OFFICES

• Tampa

• Sarasota

• Ft. Myers

• Naples

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PERFORMANCE TARGETS

• RETURN ON EQUITY 15
• RETURN ON TANGIBLE EQUITY 25
• RETURN ON ASSETS 1.20
• EFFICIENCY 55

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PERFORMANCE TARGETS

• TOTAL SHAREHOLDER RETURN 9 -12
• EPS GROWTH
  5-7
• DIVIDEND YIELD
  4-5
  
• DIVIDEND PAYOUT RATIO
  65-75

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SHAREHOLDER DIVIDENDS

• 33 CONSECUTIVE YEARS
• 
  INCREASED DIVIDENDS

FNB
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F.N.B. CORPORATION
Brian Lilly Chief Financial Officer
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2005 RESULTS

• 
  2005 2004
• NET INCOME REPORTED 55.3 61.8
• OPERATING INCOME 66.0 57.4
• EPS (diluted)
  1.17 1.20

(In millions except per share data)
Excluding merger costs, branch sale gain, Sun
Bancorp income, resolution of an unfavorable tax
position and restructuring charges
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PERFORMANCE

• 
  ACTUAL
• 
  TARGET 2004 2005
• RETURN ON EQUITY 15 22
  15
• RETURN ON TANGIBLE EQUITY 25 28
  28
• RETURN ON ASSETS 1.20 1.20 1.18
• EFFICIENCY
  55 57 57
• 
  Excluding merger costs, branch sale gain, Sun
  Bancorp income,
• 
  resolution of an unfavorable tax position and
  restructuring charges

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1st Half 2006 RESULTS

2006 2005 NET INCOME REPORTED
32.4 32.5 OPERATING INCOME
32.8 33.1 EPS
(diluted) 0.56
0.60 RETURN ON EQUITY
13.5 15.9 RETURN ON TANGIBLE
EQUITY 26.3 29.2
( in millions except per share amounts)
Excluding merger costs
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RETURN ON TANGIBLE EQUITY
26.3
28.0
28.3

6.4
13.1
12.8
21.9
14.9
13.5
Excluding merger costs, branch sale gain, Sun
Bancorp income, resolution of an unfavorable tax
position and restructuring charges
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TOTAL REVENUES
in millions
Excluding branch sale gain, Sun Bancorp income,
Restructuring charges
35
EFFICIENCY
Excluding merger costs,
branch sale gain, Sun Bancorp income
and Restructuring charges
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LOW RISK PROFILE

NET CHARGE-OFFS
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LOW RISK PROFILE
RATE SENSITIVITY 100bp .0.5 -100bp
. -0.5 NET INTEREST INCOME
1 YEAR RSA / RSL
INTEREST RATE RISK
As of May 31, 2006
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CAPITAL ADEQUACY

WELL CAPITALIZED
As of March 31, 2006
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STOCKHOLDER VALUE

• 
  2006 DIVIDEND
• 
  P/E YIELD
• F.N.B. CORP. (15.77) 13.8x
  5.96
• REGIONAL PEERS (13) 14.7x
  3.73
• NATIONAL PEERS (63) 15.4x 2.24
  

As of June 30, 2006
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2006 OUTLOOK

• FOCUS ON PERFORMANCE TARGETS
• MAINTAIN SUPERIOR ASSET QUALITY
• CULTIVATE NEW LENDING MARKETS
• SEEK STRATEGIC ACQUISITIONS

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THANK YOU
NYSE FNB