F.N.B. Corporation Reports Fourth Quarter and Full Year 2009 Results

January 25, 2010

F.N.B. Corporation Reports Fourth Quarter and Full Year 2009 Results

Hermitage, PA – January 25, 2010 – F.N.B. Corporation (NYSE: FNB) today reported financial results for the fourth quarter and full year ended December 31, 2009. Net income was $4.6 million, or $0.04 per diluted share, for the fourth quarter of 2009, compared to third quarter of 2009 net income available to common shareholders of $4.8 million, or $0.04 per diluted common share, and a net loss for the fourth quarter of 2008 of $18.9 million, or $0.21 per diluted share. Full year 2009 net income available to common shareholders totaled $32.8 million, or $0.32 per diluted common share, compared to $35.6 million, or $0.44 perdiluted share, for the full year ended December 31, 2008.

Results for the fourth quarter of 2009 included $2.4 million (after-tax) in non-cash other-thantemporary impairment charges primarily related to pooled trust preferred securities and $0.6 million (after-tax) in litigation settlement costs. Results for the fourth quarter of 2009 also included a $6.2 million (after-tax) increase in the provision for loan losses, compared to the third quarter of 2009, primarily related to the Florida portfolio. In total, these charges

“FNB continues to focus on its organic growth strategy and capitalizing on the opportunities created by the competitive disruption in our Pennsylvania markets,” said Stephen J.Gurgovits, President and Chief Executive Officer of F.N.B. Corporation. “We are pleased with the operating success we are achieving growing loans and deposits, generating revenue growth and maintaining expense control in a challenging credit environment.”

F.N.B. Corporation’s performance ratios this quarter were as follows: return on average tangible common equity (non-GAAP measure) was 4.66%; return on average equity was 1.72%; return on average tangible assets (non-GAAP measure) was 0.28% and return on average assets was 0.21%. A reconciliation of GAAP measures to non-GAAP measures is included in the tables that accompany this press release.

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