Fnb Corp/Pa/ (NYSE: FNB)

FNB Corp/PA, also known as FNB, is a bank holding company and financial holding company based in Pennsylvania. Established in 1864, FNB operates through three main business segments: Community Banking, Wealth Management, and Insurance. The company provides financial services to various clients, including consumers, corporations, governments, and small to medium-sized businesses across its market areas.

The Community Banking segment is the largest contributor to FNB's revenue. This segment focuses on generating high-quality, profitable revenue growth through increased business with existing customers, attracting new customer relationships, and expanding into new and existing markets. The lending philosophy of this segment emphasizes establishing high-quality customer relationships while minimizing credit losses by following strict credit approval standards, diversifying loan portfolios, and conducting ongoing review and management of the loan portfolio. The Community Banking segment offers various products and services, including deposit products, mortgage lending, consumer lending, and mobile and online banking services. This segment operates in seven states and the District of Columbia, with a branch network spanning major metropolitan areas such as Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham, and the Piedmont Triad in North Carolina; and Charleston, South Carolina.

FNB's Wealth Management segment provides wealth management services to individuals, corporations, and retirement funds, as well as existing customers of the Community Banking segment. The segment operates through three subsidiaries: FNTC, which offers a broad range of personal and corporate fiduciary services; First National Investment Services Company, LLC, which offers a range of investment products and services; and FNBIA, an investment advisor registered with the SEC. The segment's goal is to grow revenue through cross-selling to existing clients and gaining new clients through its own channels.

The Insurance segment operates primarily through FNIA, a full-service insurance brokerage agency offering numerous lines of commercial and personal insurance products through major carriers to businesses and individuals in FNB's geographic markets. The segment's goal is to grow revenue through cross-selling to existing clients and gaining new clients through its own channels.

FNB competes for loans, deposits, and financial services business with a large number of bank and non-bank financial institutions, as well as financial technology companies and marketplace lenders. The company's ability to compete effectively depends on retaining and motivating its employees, attracting new employees, and effectively managing compensation and other expenses.

FNB has a strong commitment to diversity, equity, and inclusion, with a Manager of Diversity and Inclusion and a Diversity Council working together to promote diversity, equity, and inclusion in the company's culture. The company also offers a range of employee benefits and programs, including tuition reimbursement, adoption assistance, and back-up child-care programs, to support employees' personal and professional well-being.

In terms of government supervision and regulation, FNB is subject to oversight and examination by various federal and state regulatory agencies, including the Federal Reserve Bank, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Consumer Financial Protection Bureau, Securities and Exchange Commission, and Financial Industry Regulatory Authority. The company is also subject to various state regulatory agencies and laws.

FNB's brand names and/or trade names of its products and services include Community Banking, Wealth Management, and Insurance. The company's subsidiaries, FNTC, First National Investment Services Company, LLC, FNBIA, and FNIA, also serve as brand names for specific services offered by FNB.