F.N.B. CORPORATION REPORTS THIRD QUARTER 2008 EARNINGS

October 23, 2008

F.N.B. CORPORATION REPORTS THIRD QUARTER 2008 EARNINGS

Hermitage, PA – October 23, 2008 – F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today reported financial results for the third quarter of 2008. Net income increased to $23.5 million, or $0.27 per diluted share, compared to $14.5 million, or $0.17 per diluted share, in the second quarter of 2008. Net income for the third quarter of 2007 totaled $17.6 million, or $0.29 per diluted share. For the third quarter of 2008, the Corporation’s return on average tangible equity was a strong 25.7%, its return on average equity was 10.0%, its return on average tangible assets was 1.28% and its return on average assets was 1.13%.

“We are pleased to deliver a solid quarter in this period of economic stress. Our results reflect the successful balancing of our growth initiatives with our strong risk management practices,” said Bob New, President and Chief Executive Officer of F.N.B. Corporation. “The strong organic growth we experienced in loans, deposits and treasury management balances demonstrates that we continue to win in the marketplace. We have benefited from a flight to quality given the disruption in the banking industry and amongst some key competitors in our markets.”

Bob New added, “We are particularly proud to have achieved record levels of assets at $8.5 billion and shareholders’ equity at $1.0 billion. These levels further demonstrate the strength of our company and businesses.”

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