F.N.B. Corporation (NYSE: FNB) today announced the pricing of its previously announced offering of $300 million aggregate principal amount of its 2.20% fixed rate senior notes due 2023. The Notes will bear interest at 2.20% per annum, payable semi-annually in arrears on February 24 and August 24, of each year, commencing on August 24, 2020 and ending on the earlier of the optional redemption date (which is on or after the 30th day prior to the maturity of the Notes) or the maturity date. The Notes will mature on February 24, 2023. The offering is expected to close on February 24, 2020, subject to customary closing conditions.

The Company expects to use the net proceeds from the offering for general corporate purposes, which may include investments at the holding company level, capital to support the growth of First National Bank of Pennsylvania, repurchase of the Company's common shares and refinancing of outstanding indebtedness.

Goldman Sachs & Co. LLC and BofA Securities, Inc., are serving as joint book-running managers, and Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co. are serving as Co-Managers.

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.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina. The Company has total assets of nearly $35 billion and approximately 370 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and South Carolina.