FORM 8-K

Exhibit 99.1

F.N.B. CORPORATION REPORTS SECOND QUARTER 2009 RESULTS

Hermitage, PA — July 23, 2009 — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today reported financial results for the quarter ended June 30, 2009. For the second quarter of 2009, net income available to common shareholders was $9.1 million, or $0.10 per diluted common share, compared to net income of $14.3 million, or $0.16 per diluted common share, in the first quarter of 2009. For the second quarter of 2008, net income totaled $14.5 million, or $0.17 per diluted share. F.N.B. Corporation’s performance ratios this quarter were as follows: return on average tangible common equity (non-GAAP measure) was 10.84%; return on average equity was 4.05%; return on average tangible assets (non-GAAP measure) was 0.59% and return on average assets was 0.49%. A reconciliation of GAAP measures to non-GAAP measures is included with the tables that accompany this press release.

Results for the second quarter of 2009 included a $4.0 million (pre-tax) FDIC special assessment, which reduced net income available to common shareholders by $2.6 million or $0.03 per diluted common share.

“We delivered another successful quarter for F.N.B.,” said Stephen J. Gurgovits, President and Chief Executive Officer of F.N.B. Corporation. “We strengthened our balance sheet with our common stock offering, made solid progress managing our Florida loan portfolio and continued to have success in capturing market share during this period of competitive disruption in our Pennsylvania markets.”

Net Interest Income

Net interest income on a fully taxable equivalent basis for the second quarter of 2009 totaled $66.8 million, representing an increase of $1.2 million, or 7.2% annualized, from the prior quarter. The increase reflects a combination of a 3 basis point increase in the net interest margin, a 1.2% annualized increase in average earning assets and one additional day in the second quarter. The net interest margin equaled 3.73% for the second quarter of 2009, including a 3 basis point net benefit related to certain non-accrual loans, compared to 3.70% in the first quarter of 2009 and 3.92% in the second quarter of 2008. Net interest income for the second quarter of 2009 decreased slightly compared to the second quarter of 2008 as the positive impact of organic growth and the acquisition of Iron and Glass Bancorp were offset by the lower interest rate environment of 2009 which narrowed the net interest margin.

Average loans totaled $5.8 billion for the second quarter of 2009, representing a decrease of $16.1 million, or 1.1% annualized, compared to the first quarter of 2009. Growth in F.N.B.’s $3.2 billion commercial loan portfolio was offset by declines in its $2.5 billion consumer loan portfolio. Average commercial loans increased $16.1 million, or 2.0% annualized, compared to the first quarter of 2009, with the average Pennsylvania commercial loan portfolio growing

F.N.B. Corporation Reports Second Quarter 2009 Results — Page 2 of 7

$26.0 million, or 3.6% annualized, and the average Florida portfolio decreasing $9.9 million or 13.3% annualized.

Gurgovits continued, “The close to 4% annualized growth in the Pennsylvania commercial loan portfolio reflects the success of our new business origination initiatives. With the strong team we have on the ground actively calling on our competitors’ customers, we continue to win in the marketplace.”

Average consumer-related loans declined $36.3 million, or 5.6% annualized, compared to the first quarter of 2009. The second quarter reflected higher levels of refinance activity resulting in declines in average direct installment loans of $34.4 million, or 13.1% annualized, and average residential mortgage loans of $22.0 million, or 13.6% annualized, compared to the prior quarter. Recent customer preferences have been for longer term fixed rate mortgage products which the company generally does not retain in the loan portfolio. These decreases were partially offset by strong growth in consumer lines of credit of $16.5 million, or 19.0% annualized.

“The momentum in producing strong growth in deposits and treasury management balances continued in the second quarter as average balances increased $177.5 million, or 10.9% annualized, compared to the prior quarter,” said Gurgovits. “We continue to capitalize on the opportunities created by competitor disruption in our marketplace, with ongoing marketing campaigns to attract new customers to the F.N.B. local approach to banking.” Average transaction deposits grew $222.3 million, or 23.7% annualized, compared to the prior quarter, while higher-cost certificates of deposit declined $25.1 million or 4.3% annualized. The decrease in certificates of deposit is by design and reflects the organization’s continuing strategy to focus on new customer acquisition.

Compared to the second quarter of 2008, average deposits and treasury management balances increased $586.4 million or 38.4%. Adjusting for the effects of the Iron and Glass acquisition, the organic growth rate in average deposits and treasury management balances in the second quarter of 2009 was a strong 5.4% compared to the second quarter of 2008, reflecting growth in all categories of deposits, except for certificates of deposit, and strong growth in treasury management balances.

Non-Interest Income

Non-interest income totaled $28.5 million for the second quarter of 2009, compared to $28.2 million for the first quarter of 2009 and $27.5 million for the second quarter of 2008. The increase in non-interest income compared to the first quarter of 2009 reflects seasonally higher service charges (up $1.0 million or 29.4% annualized), higher securities commissions and fees (up $0.2 million or 49.2% annualized; including the results of a spring sales campaign), strong growth in residential mortgage origination fee revenue (up $0.6 million) and increased other income (up $0.3 million or 33.3% annualized). These increases were partially offset by seasonally lower contingent insurance revenue (down $1.2 million or 98.2%

F.N.B. Corporation Reports Second Quarter 2009 Results — Page 3 of 7

annualized) and higher impairment losses on securities (up $0.5 million). The impairment losses were offset by a $0.7 million gain, recorded in other income, related to an impaired loan acquired in a previous merger.

Under new guidance from the Financial Accounting Standards Board, results for the second quarter of 2009 included impairment losses on securities of $1.4 million, with $1.0 million related to pooled trust preferred securities and $0.4 million related to bank stock investments. The $0.7 million non-credit portion of the impairment on pooled trust preferred securities was recorded directly to other comprehensive income and the $0.3 million credit portion was recorded in non-interest income.

Non-Interest Expense

Non-interest expense totaled $66.3 million for the second quarter of 2009, representing a $5.3 million increase compared to $61.0 million for the first quarter of 2009. The higher expense level was primarily driven by a $4.7 million increase in FDIC insurance due to a $4.0 million special assessment and a higher ongoing FDIC assessment rate. In addition, a $0.9 million seasonal increase in marketing expenses was partially offset by a $0.7 million reduction in weather-related occupancy costs compared to the prior quarter. The Corporation’s efficiency ratio was 67.7% this quarter, including a negative 493 basis point impact from the higher FDIC insurance costs.

Credit Quality

“We continue to be pleased with the performance of our Pennsylvania and Regency loan portfolios at this point in the economic cycle,” remarked Mr. Gurgovits. “We made some meaningful progress reducing the Florida non-performing assets this quarter in an environment that continues to be challenging. Based on period-end figures, we reduced our Florida exposure by $21.6 million or 7.1% since March 31, 2009 with about half of the reduction coming from the receipt of cash payments and half from charge-offs.”

Non-performing loans and OREO as a percentage of total loans and OREO at June 30, 2009 improved 39 basis points to 2.42%, compared to the end of the first quarter of 2009, driven mainly by net reductions in Florida non-performing loans. Annualized net charge-offs equaled 1.22% of average loans for the second quarter of 2009, compared to 0.84% for the first quarter of 2009. At June 30, 2009, the ratio of the allowance for loan losses to total loans equaled 1.72%, compared to 1.78% at March 31, 2009, reflecting the release of specific reserves associated with Florida charge-offs this quarter and stable coverage for the Pennsylvania and Regency portfolios. As a percentage of non-performing loans, the allowance for loan losses equaled 81.5% at June 30, 2009, improved from 68.3% at March 31, 2009, reflecting the reductions in Florida non-performing loans. As a result of the above activity, the provision for loan losses totaled $13.9 million for the second quarter of 2009, which was $3.4 million higher than last quarter.

F.N.B. Corporation Reports Second Quarter 2009 Results — Page 4 of 7

The Pennsylvania loan portfolio totaled $5.3 billion at June 30, 2009 (92.5% of the total loan portfolio) and continued to deliver good credit quality metrics. Net loan charge-offs totaled $4.9 million or 0.36% annualized of average loans for the second quarter of 2009, increasing over the very good levels of the first quarter of 2009 of $2.3 million or 0.17% annualized of average loans. Results for the second quarter of 2009 included a $2.1 million charge-off on a loan acquired in a prior bank acquisition, which increased the Pennsylvania net charge-off ratio by 0.15% for the quarter.

The Florida loan portfolio totaled $274 million at June 30, 2009 (4.8% of the total loan portfolio), reflecting a decrease of $27.3 million, and delivered credit quality metrics that showed marked improvement as F.N.B. was successful in resolving several large credits and reducing the organization’s overall exposure to the Florida market. Net loan charge-offs totaled $11.2 million or 15.60% annualized of average loans for the second quarter of 2009, compared to $8.2 million or 11.22% annualized of average loans for the first quarter of 2009. For the second quarter of 2009, $10.5 million of the net charge-offs were taken on two Florida credits. As a result of second quarter activities, non-performing loans and OREO as a percentage of total loans and OREO improved 560 basis points to 26.05% at June 30, 2009. Florida’s non-performing loans and OREO totaled $73.6 million at June 30, 2009, or approximately 52% of the Corporation’s total non-performing loans and OREO.

The Regency loan portfolio totaled $157 million at June 30, 2009 (2.7% of the total loan portfolio) and continued to deliver credit quality metrics consistent with our expectations. Annualized net loan charge-offs as a percentage of average loans improved 25 basis points to 3.99% for the second quarter of 2009.

Capital Position

F.N.B. Corporation’s capital position was bolstered by 24.15 million shares issued through its public equity offering completed in June 2009 that raised net proceeds of approximately $125.8 million. As a result of the capital raise, shareholders’ equity increased $124.6 million, or 12.1%, to $1,151.1 million as of June 30, 2009 and tangible book value (non-GAAP measure) increased $0.26 per common share to $4.25 per common share. The Corporation’s tangible common equity ratio (non-GAAP measure) increased 141 basis points to 5.95% at June 30, 2009. At June 30, 2009, the tangible book value per common share and tangible common equity ratio excluding accumulated other comprehensive income (non-GAAP measures) equaled $4.55 and 6.37%, respectively.

The Corporation’s capital ratios continue to exceed federal bank regulatory agency “well capitalized” thresholds. The Corporation’s leverage capital ratio was 10.11% at June 30, 2009, compared to 8.67% at March 31, 2009. The estimated tier 1 risk-based capital ratio was 13.22% at June 30, 2009, compared to 11.12% at March 31, 2009. The estimated total risk-based capital ratio was 14.63% at June 30, 2009, compared to 12.53% at March 31, 2009.

F.N.B. Corporation Reports Second Quarter 2009 Results — Page 5 of 7

Year-to-Date Results

For the six months ended June 30, 2009, F.N.B. Corporation’s net income available to common shareholders totaled $23.4 million, or $0.26 per diluted share, compared to $31.0 million, or $0.42 per diluted share, for the six months ended June 30, 2008. For the 2009 year-to-date period, F.N.B. Corporation’s return on average tangible common equity (non-GAAP measure) totaled 14.04%, its return on average equity was 5.11%, its return on average tangible assets (non-GAAP measure) was 0.73% and its return on average assets was 0.62%.

Net interest income on a fully taxable equivalent basis totaled $132.5 million for the first six months of 2009 and increased 12.8% over the same period of 2008, reflecting 16.3% growth in average loans resulting from organic growth and the acquisition of Omega and Iron and Glass in 2008, partially offset by a lower net interest margin. On a year-to-date 2009 basis, average deposits and treasury management balances grew 22.5%, with low-cost treasury management accounts up 34.4% and core transaction deposits up 25.3% compared to the same period of 2008, reflecting organic growth and the acquisition of Omega and Iron and Glass. The net interest margin for the six months ended June 30, 2009, equaled 3.71%, compared to 3.83% in the same period of 2008. The narrower margin is primarily driven by the lower interest rate environment of 2009 versus 2008.

Non-interest income totaled $56.6 million for the first half of 2009, compared to $49.6 million for the same period of 2008. Service charges, insurance commissions and gain on sale of residential mortgage loans increased 12.6%, 10.0% and 70.8%, respectively. Non-interest expense totaled $127.2 million for the first half of 2009, an increase of 19.6% over the same period of 2008. Higher non-interest income and expense reflect the acquisitions of Omega and Iron and Glass in 2008, combined with higher FDIC insurance and pension costs. On a year-to-date basis, F.N.B. Corporation’s efficiency ratio was 65.4% for 2009, compared to 62.3% for 2008.

The provision for loan losses for the first six months of 2009 totaled $24.4 million, compared to $14.6 million for the same period of 2008. The increased provision reflects higher net charge-offs in the first half of 2009 and higher allocations to the allowance for loan losses given increased levels of non-performing loans compared to the same period in 2008.

Conference Call

F.N.B. Corporation will host its quarterly conference call to discuss the Company’s financial results for the second quarter of 2009 on Friday, July 24, 2009, at 8:00 AM Eastern Time. Participating in the call will be Stephen Gurgovits, President and Chief Executive Officer, Brian Lilly, Executive Vice President and Chief Operating Officer and Gary Guerrieri, Chief Credit Officer. The call can be accessed by dialing (888) 656-7432 or (913) 312-1499 for international callers; the confirmation number is 3068754.

F.N.B. Corporation Reports Second Quarter 2009 Results — Page 6 of 7

A replay of the call will be available from 11:00 AM Eastern Time on the day of the call until midnight Eastern Time on Friday, July 31, 2009. The replay can be accessed by dialing (888) 203-1112 or (719) 457-0820 for international callers; the confirmation number is 3068754. A transcript of the call will be posted to the “Shareholder and Investor Relations” section of F.N.B. Corporation’s Web site at www.fnbcorporation.com.

About F.N.B. Corporation

F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets of $8.7 billion as of June 30, 2009. F.N.B. Corporation is a leading provider of commercial and retail banking, leasing, wealth management, insurance, merchant banking and consumer finance services in Pennsylvania and Ohio, where it owns and operates First National Bank of Pennsylvania, First National Trust Company, First National Investment Services Company, LLC, F.N.B. Investment Advisors, Inc., First National Insurance Agency, LLC, F.N.B. Capital Corporation, LLC, Regency Finance Company and Bank Capital Services. It also operates consumer finance offices in Tennessee and loan production offices in Pennsylvania, Tennessee and Florida.

Forward-looking Statements

This press release of F.N.B. Corporation and the reports F.N.B. Corporation files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of F.N.B. Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause F.N.B. Corporation’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which F.N.B. Corporation is engaged; (6) technological issues which may adversely affect F.N.B. Corporation’s financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements F.N.B. Corporation files with the Securities and Exchange Commission. F.N.B. Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

# # #

Analyst/Institutional Investor Contact:
Frank Milano 203-682-8343
frank.milano@icrinc.com

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)


										2nd Qtr 2009 —		2nd Qtr 2009 —
	2009						2008			1st Qtr 2009		2nd Qtr 2008
	Second			First			Second			Percent		Percent
	Quarter			Quarter			Quarter			Variance		Variance
Statement of earnings
Interest income	$	97,034		$	98,102		$	105,297			-1.1		-7.8
Interest expense		31,702			34,020			39,740			-6.8		-20.2

Net interest income		65,332			64,082			65,557			1.9		-0.3
Taxable equivalent adjustment		1,490			1,555			1,608			-4.2		-7.3

Net interest income (FTE)		66,822			65,637			67,165			1.8		-0.5
Provision for loan losses		13,909			10,514			10,976			32.3		26.7

Net interest income after provision (FTE)		52,913			55,123			56,189			-4.0		-5.8

Impairment losses on securities		(1,429	)		(203	)		(456	)		n/m		n/m
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income)		689			0			0			n/m		n/m

Net impairment losses on securities		(740	)		(203	)		(456	)		n/m		n/m

Service charges		14,596			13,599			14,860			7.3		-1.8
Insurance commissions and fees		3,837			5,081			4,183			-24.5		-8.3
Securities commissions and fees		2,008			1,788			2,098			12.3		-4.3
Trust income		3,013			2,917			3,575			3.3		-15.7
Gain on sale of securities		66			278			41			-76.4		59.5
Gain on sale of loans		1,139			536			530			112.3		114.9
Other		4,531			4,183			2,625			8.3		72.6

Total non-interest income		28,450			28,179			27,456			1.0		3.6

Salaries and employee benefits		31,617			32,102			32,320			-1.5		-2.2
Occupancy and equipment		9,457			10,091			9,128			-6.3		3.6
Amortization of intangibles		1,813			1,815			1,219			-0.1		48.7
Other		23,378			16,964			19,347			37.8		20.8

Total non-interest expense		66,265			60,972			62,014			8.7		6.9

Income (loss) before income taxes		15,098			22,330			21,631			-32.4		-30.2
Taxable equivalent adjustment		1,490			1,555			1,608			-4.2		-7.3
Income taxes (benefit)		3,010			5,124			5,518			-41.3		-45.4

Net income		10,598			15,651			14,505			-32.3		-26.9
Preferred stock dividends and discount amortization		1,469			1,343			0			n/m		n/m

Net income available to common shareholders	$	9,129		$	14,308		$	14,505			-36.2		-37.1


Earnings (loss) per common share
Basic	$	0.10		$	0.16		$	0.17			-37.5		-41.2
Diluted	$	0.10		$	0.16		$	0.17			-37.5		-41.2

Performance ratios
Return on average equity		4.05	%		6.22	%		6.26	%
Return on average tangible equity (1) (5)		9.91	%		15.29	%		14.34	%
Return on average tangible common equity (1) (5)		10.84	%		17.48	%		14.34	%
Return on average assets		0.49	%		0.75	%		0.73	%
Return on average tangible assets (2) (5)		0.59	%		0.87	%		0.82	%
Net interest margin (FTE)		3.73	%		3.70	%		3.92	%
Yield on earning assets (FTE)		5.50	%		5.63	%		6.24	%
Cost of funds		1.95	%		2.15	%		2.61	%
Efficiency ratio (FTE) (3)		67.65	%		63.06	%		64.25	%

Common stock data
Average basic shares outstanding		93,387,226			89,383,243			85,632,970			4.5		9.1
Average diluted shares outstanding		93,596,520			89,570,313			86,053,693			4.5		8.8
Ending shares outstanding		113,965,669			89,774,045			86,025,842			26.9		32.5
Common book value per share	$	9.26		$	10.37		$	10.69			-10.7		-13.3
Tangible common book value per share (5)	$	4.25		$	3.99		$	4.58			6.6		-7.3
Tangible common book value per share excluding AOCI (4) (5)	$	4.55		$	4.31		$	4.78			5.5		-4.7
Dividend payout ratio (common)		118.53	%		75.30	%		142.62	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands, except per share data)


	For the Six Months
	Ended June 30,						Percent
	2009			2008			Variance
Statement of earnings
Interest income	$	195,136		$	193,822			0.7
Interest expense		65,722			79,300			-17.1

Net interest income		129,414			114,522			13.0
Taxable equivalent adjustment		3,045			2,871			6.1

Net interest income (FTE)		132,459			117,393			12.8
Provision for loan losses		24,423			14,559			67.7

Net interest income after provision (FTE)		108,036			102,834			5.1

Impairment losses on securities		(1,632	)		(466	)		n/m
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income)		689			0			n/m

Net impairment losses on securities		(943	)		(466	)		n/m

Service charges		28,195			25,046			12.6
Insurance commissions and fees		8,918			8,105			10.0
Securities commissions and fees		3,796			3,618			4.9
Trust income		5,930			5,799			2.3
Gain on sale of securities		344			795			-56.7
Gain on sale of loans		1,675			981			70.8
Other		8,714			5,746			51.6

Total non-interest income		56,629			49,624			14.1

Salaries and employee benefits		63,719			57,576			10.7
Occupancy and equipment		19,548			16,059			21.7
Amortization of intangibles		3,628			2,292			58.3
Other		40,342			30,450			32.5

Total non-interest expense		127,237			106,377			19.6

Income (loss) before income taxes		37,428			46,081			-18.8
Taxable equivalent adjustment		3,045			2,871			6.1
Income taxes (benefit)		8,134			12,214			-33.4

Net income		26,249			30,996			-15.3
Preferred stock dividends and discount amortization		2,812			0			n/m

Net income available to common shareholders	$	23,437		$	30,996			-24.4


Earnings (loss) per common share
Basic	$	0.26		$	0.43			-39.5
Diluted	$	0.26		$	0.42			-38.1

Performance ratios
Return on average equity		5.11	%		8.43	%
Return on average tangible equity (1) (5)		12.49	%		18.30	%
Return on average tangible common equity (1) (5)		14.04	%		18.30	%
Return on average assets		0.62	%		0.88	%
Return on average tangible assets (2) (5)		0.73	%		0.98	%
Net interest margin (FTE)		3.71	%		3.83	%
Yield on earning assets (FTE)		5.55	%		6.42	%
Cost of funds		2.05	%		2.90	%
Efficiency ratio (FTE) (3)		65.37	%		62.32	%

Common stock data
Average basic shares outstanding		91,396,295			72,926,385			25.3
Average diluted shares outstanding		91,599,650			73,322,626			24.9
Ending shares outstanding		113,965,669			86,025,842			32.5
Common book value per share	$	9.26		$	10.69			-13.3
Tangible common book value per share (5)	$	4.25		$	4.58			-7.3
Tangible common book value per share excluding AOCI (4) (5)	$	4.55		$	4.78			-4.7
Dividend payout ratio (common)		92.14	%		113.79	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


										2nd Qtr 2009 —		2nd Qtr 2009 —
	2009						2008			1st Qtr 2009		2nd Qtr 2008
	Second			First			Second			Percent		Percent
	Quarter			Quarter			Quarter			Variance		Variance
Average balances
Total assets	$	8,604,059		$	8,433,532		$	7,989,171			2.0		7.7
Earning assets		7,178,615			7,156,774			6,884,173			0.3		4.3
Securities		1,321,842			1,317,524			1,238,662			0.3		6.7
Short-term investments		47,906			14,313			50,590			234.7		-5.3
Loans, net of unearned income		5,808,867			5,824,937			5,594,922			-0.3		3.8
Allowance for loan losses		106,881			106,954			68,308			-0.1		56.5
Goodwill and intangibles		572,701			573,963			503,598			-0.2		13.7

Deposits and treasury management accounts (6)		6,708,316			6,530,790			6,121,908			2.7		9.6
Short-term borrowings		101,249			107,112			127,630			-5.5		-20.7
Long-term debt		445,450			475,088			520,579			-6.2		-14.4
Trust preferred securities		205,131			205,300			205,806			-0.1		-0.3
Shareholders’ equity — common		954,075			933,346			932,530			2.2		2.3
Shareholders’ equity — preferred		95,389			87,149			0			9.5		0.0

Asset quality data
Non-accrual loans	$	116,720		$	147,210		$	57,965			-20.7		101.4
Restructured loans		5,278			3,776			3,086			39.8		71.0

Non-performing loans		121,998			150,986			61,051			-19.2		99.8
Other real estate owned		18,145			12,232			9,291			48.3		95.3

Total non-performing loans and OREO		140,143			163,218			70,342			-14.1		99.2
Non-performing investments (7)		7,768			7,288			0			6.6		0.0

Non-performing assets	$	147,911		$	170,506		$	70,342			-13.3		110.3


Net loan charge-offs	$	17,621		$	12,132		$	4,132			45.2		326.5
Allowance for loan losses		99,415			103,127			71,483			-3.6		39.1

Non-performing loans / total loans		2.12	%		2.60	%		1.09	%
Non-performing loans + OREO / total loans + OREO		2.42	%		2.81	%		1.25	%
Allowance for loan losses / total loans		1.72	%		1.78	%		1.28	%
Allowance for loan losses / non-performing loans		81.49	%		68.30	%		117.09	%
Net loan charge-offs (annualized) / average loans		1.22	%		0.84	%		0.30	%

Balances at period end
Total assets	$	8,710,320		$	8,454,797		$	8,095,880			3.0		7.6
Earning assets		7,198,817			7,198,967			6,916,434			0.0		4.1
Securities		1,402,725			1,322,939			1,274,424			6.0		10.1
Short-term investments		2,276			53,118			23,441			-95.7		-90.3
Loans, net of unearned income		5,767,109			5,799,934			5,606,409			-0.6		2.9
Goodwill and intangibles		571,666			573,526			525,397			-0.3		8.8

Deposits and treasury management accounts (6)		6,725,629			6,583,930			6,251,439			2.2		7.6
Short-term borrowings		103,637			101,598			137,970			2.0		-24.9
Long-term debt		436,595			445,242			505,244			-1.9		-13.6
Trust preferred securities		205,049			205,217			205,724			-0.1		-0.3
Shareholders’ equity — common		1,055,685			931,338			919,458			13.4		14.8
Shareholders’ equity — preferred		95,462			95,243			0			0.2		0.0

Capital ratios
Equity/assets (period end)		13.22	%		12.14	%		11.36	%
Leverage ratio		10.11	%		8.67	%		8.17	%
Tangible equity/tangible assets (period end) (5)		7.12	%		5.75	%		5.21	%
Tangible common equity/tangible assets (period end)(5)		5.95	%		4.54	%		5.21	%
Tangible common equity, excluding AOCI/ tangible assets (period end) (4) (5)		6.37	%		4.91	%		5.43	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	For the Six Months
	Ended June 30,						Percent
	2009			2008			Variance
Average balances
Total assets	$	8,519,266		$	7,046,665			20.9
Earning assets		7,167,754			6,150,598			16.5
Securities		1,319,695			1,123,122			17.5
Short-term investments		31,202			26,163			19.3
Loans, net of unearned income		5,816,857			5,001,312			16.3
Allowance for loan losses		106,918			60,819			75.8
Goodwill and intangibles		573,328			382,297			50.0

Deposits and treasury management accounts (6)		6,620,043			5,403,074			22.5
Short-term borrowings		104,165			149,356			-30.3
Long-term debt		460,187			498,747			-7.7
Trust preferred securities		205,214			178,418			15.0
Shareholders’ equity — common		943,768			739,364			27.6
Shareholders’ equity — preferred		91,292			0			0.0

Asset quality data
Non-accrual loans	$	116,720		$	57,965			101.4
Restructured loans		5,278			3,086			71.0

Non-performing loans		121,998			61,051			99.8
Other real estate owned		18,145			9,291			95.3

Total non-performing loans and OREO		140,143			70,342			99.2
Non-performing investments (7)		7,768			0			0.0

Non-performing assets	$	147,911		$	70,342			110.3


Net loan charge-offs	$	29,753		$	7,125			317.6
Allowance for loan losses		99,415			71,483			39.1

Non-performing loans / total loans		2.12	%		1.09	%
Non-performing loans + OREO / total loans + OREO		2.42	%		1.25	%
Allowance for loan losses / total loans		1.72	%		1.28	%
Allowance for loan losses / non-performing loans		81.49	%		117.09	%
Net loan charge-offs (annualized) / average loans		1.03	%		0.29	%

Balances at period end
Total assets	$	8,710,320		$	8,095,880			7.6
Earning assets		7,198,817			6,916,434			4.1
Securities		1,402,725			1,274,424			10.1
Short-term investments		2,276			23,441			-90.3
Loans, net of unearned income		5,767,109			5,606,409			2.9
Goodwill and intangibles		571,666			525,397			8.8

Deposits and treasury management accounts (6)		6,725,629			6,251,439			7.6
Short-term borrowings		103,637			137,970			-24.9
Long-term debt		436,595			505,244			-13.6
Trust preferred securities		205,049			205,724			-0.3
Shareholders’ equity — common		1,055,685			919,458			14.8
Shareholders’ equity — preferred		95,462			0			0.0

Capital ratios
Equity/assets (period end)		13.22	%		11.36	%
Leverage ratio		10.11	%		8.17	%
Tangible equity/tangible assets (period end) (5)		7.12	%		5.21	%
Tangible common equity/tangible assets (period end) (5)		5.95	%		5.21	%
Tangible common equity, excluding AOCI/tangible assets (period end) (4) (5)		6.37	%		5.43	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


							2nd Qtr 2009 -		2nd Qtr 2009 -
	2009				2008		1st Qtr 2009		2nd Qtr 2008
	Second		First		Second		Percent		Percent
	Quarter		Quarter		Quarter		Variance		Variance
Average balances
Loans:
Commercial	$	3,193,128	$	3,177,011	$	3,040,881		0.5		5.0
Direct installment		1,015,464		1,049,864		1,100,593		-3.3		-7.7
Residential mortgages		623,973		645,935		651,728		-3.4		-4.3
Indirect installment		537,886		534,298		447,011		0.7		20.3
Consumer LOC		364,069		347,566		299,710		4.7		21.5
Other		74,347		70,263		54,999		5.8		35.2

Total loans	$	5,808,867	$	5,824,937	$	5,594,922		-0.3		3.8


Deposits:
Non-interest bearing deposits	$	934,366	$	898,659	$	870,592		4.0		7.3
Savings and NOW		3,049,155		2,862,549		2,660,157		6.5		14.6
Certificates of deposit and other time deposits		2,290,536		2,315,591		2,223,657		-1.1		3.0

Total deposits		6,274,057		6,076,799		5,754,406		3.2		9.0
Treasury management accounts (6)		434,259		453,991		367,502		-4.3		18.2

Total deposits and treasury management accounts (6)	$	6,708,316	$	6,530,790	$	6,121,908		2.7		9.6


Balances at period end
Loans:
Commercial	$	3,182,045	$	3,194,986	$	3,034,558		-0.4		4.9
Direct installment		1,005,736		1,029,844		1,102,654		-2.3		-8.8
Residential mortgages		590,111		612,350		638,972		-3.6		-7.6
Indirect installment		541,168		535,417		464,825		1.1		16.4
Consumer LOC		373,161		355,345		307,881		5.0		21.2
Other		74,888		71,992		57,519		4.0		30.2

Total loans	$	5,767,109	$	5,799,934	$	5,606,409		-0.6		2.9


Deposits:
Non-interest bearing deposits	$	948,925	$	922,476	$	901,120		2.9		5.3
Savings and NOW		3,077,091		2,926,734		2,780,685		5.1		10.7
Certificates of deposit and other time deposits		2,262,677		2,313,995		2,196,859		-2.2		3.0

Total deposits		6,288,693		6,163,205		5,878,664		2.0		7.0
Treasury management accounts (6)		436,936		420,725		372,775		3.9		17.2

Total deposits and treasury management accounts (6)	$	6,725,629	$	6,583,930	$	6,251,439		2.2		7.6

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	For the Six Months
	Ended June 30,				Percent
	2009		2008		Variance
Average balances
Loans:
Commercial	$	3,185,114	$	2,670,123		19.3
Direct installment		1,032,569		1,016,842		1.5
Residential mortgages		634,893		560,951		13.2
Indirect installment		536,102		437,261		22.6
Consumer LOC		355,863		275,778		29.0
Other		72,316		40,357		79.2

Total loans	$	5,816,857	$	5,001,312		16.3


Deposits:
Non-interest bearing deposits	$	916,611	$	736,559		24.4
Savings and NOW		2,956,367		2,353,196		25.6
Certificates of deposit and other time deposits		2,302,995		1,982,789		16.1

Total deposits		6,175,973		5,072,544		21.8
Treasury management accounts (6)		444,070		330,530		34.4

Total deposits and treasury management accounts (6)	$	6,620,043	$	5,403,074		22.5


Balances at period end
Loans:
Commercial	$	3,182,045	$	3,034,558		4.9
Direct installment		1,005,736		1,102,654		-8.8
Residential mortgages		590,111		638,972		-7.6
Indirect installment		541,168		464,825		16.4
Consumer LOC		373,161		307,881		21.2
Other		74,888		57,519		30.2

Total loans	$	5,767,109	$	5,606,409		2.9


Deposits:
Non-interest bearing deposits	$	948,925	$	901,120		5.3
Savings and NOW		3,077,091		2,780,685		10.7
Certificates of deposit and other time deposits		2,262,677		2,196,859		3.0

Total deposits		6,288,693		5,878,664		7.0
Treasury management accounts (6)		436,936		372,775		17.2

Total deposits and treasury management accounts (6)	$	6,725,629	$	6,251,439		7.6

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	Second Quarter 2009
	Bank - PA			Bank - FL			Regency			Total
Asset quality data, by geographic region
Non-accrual loans	$	49,629		$	65,597		$	1,494		$	116,720
Restructured loans		1,484			0			3,794			5,278

Non-performing loans		51,113			65,597			5,288			121,998
Other real estate owned		9,106			7,967			1,073			18,145

Total non-performing loans and OREO		60,219			73,564			6,361			140,143
Non-performing investments (7)		7,630			0			0			7,630

Non-performing assets	$	67,849		$	73,564		$	6,361		$	147,773


Net loan charge-offs	$	4,880		$	11,206		$	1,535		$	17,621
Provision for loan losses		4,970			7,238			1,701			13,909
Allowance for loan losses		69,678			23,307			6,430			99,415
Loans, net of unearned income		5,335,823			274,453			156,833			5,767,109

Non-performing loans / total loans		0.96	%		23.90	%		3.37	%		2.12	%
Non-performing loans + OREO / total loans + OREO		1.13	%		26.05	%		4.03	%		2.42	%
Allowance for loan losses / total loans		1.31	%		8.49	%		4.10	%		1.72	%
Allowance for loan losses / non-performing loans		136.32	%		35.53	%		121.60	%		81.49	%
Net loan charge-offs (annualized) / average loans		0.36	%		15.60	%		3.99	%		1.22	%

Loans 30 - 89 days past due	$	45,822		$	0		$	2,900		$	48,722
Loans 90+ days past due		9,775			0			2,156			11,931
Non-accrual loans		49,629			65,597			1,494			116,720

Total past due and non-accrual loans	$	105,226		$	65,597		$	6,550		$	177,373


Total past due and non-accrual loans/total loans		1.97	%		23.90	%		4.18	%		3.08	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	First Quarter 2009
	Bank - PA			Bank - FL			Regency			Total
Asset quality data, by geographic region
Non-accrual loans	$	51,854		$	93,974		$	1,382		$	147,210
Restructured loans		450			0			3,326			3,776

Non-performing loans		52,304			93,974			4,708			150,986
Other real estate owned		9,011			2,277			944			12,232

Total non-performing loans and OREO		61,315			96,251			5,652			163,218
Non-performing investments (7)		7,209			0			0			7,209

Non-performing assets	$	68,524		$	96,251		$	5,652		$	170,427


Net loan charge-offs	$	2,273		$	8,241		$	1,618		$	12,132
Provision for loan losses		2,100			7,010			1,404			10,514
Allowance for loan losses		69,588			27,275			6,264			103,127
Loans, net of unearned income		5,345,365			301,787			152,782			5,799,934

Non-performing loans / total loans		0.98	%		31.14	%		3.08	%		2.60	%
Non-performing loans + OREO / total loans + OREO		1.15	%		31.65	%		3.68	%		2.81	%
Allowance for loan losses / total loans		1.30	%		9.04	%		4.10	%		1.78	%
Allowance for loan losses / non-performing loans		133.04	%		29.02	%		133.05	%		68.30	%
Net loan charge-offs (annualized) / average loans		0.17	%		11.22	%		4.24	%		0.84	%

Loans 30 - 89 days past due	$	38,562		$	734		$	2,890		$	42,186
Loans 90+ days past due		8,909			0			2,382			11,291
Non-accrual loans		51,854			93,974			1,382			147,210

Total past due and non-accrual loans	$	99,325		$	94,708		$	6,654		$	200,687


Total past due and non-accrual loans/total loans		1.86	%		31.38	%		4.36	%		3.46	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)

NON-GAAP FINANCIAL MEASURES

The following non-GAAP financial measures used by the Corporation provide information useful to investors in understanding the Corporation’s operating performance and trends, and facilitate comparisons with the performance of the Corporation’s peers. The following tables summarize the non-GAAP financial measures derived from amounts reported in the Corporation’s financial statements.


	2009						2008
	Second			First			Second
	Quarter			Quarter			Quarter
Return on average tangible equity (1) (5):
Net income (annualized)		42,508			63,475			58,337
Amortization of intangibles, net of tax (annualized)		4,727			4,785			3,188

		47,235			68,260			61,525

Average total shareholders’ equity		1,049,464			1,020,495			932,530
Less: Average intangibles		(572,701	)		(573,963	)		(503,598	)

		476,764			446,532			428,932

Return on average tangible equity (1) (5)		9.91	%		15.29	%		14.34	%


Return on average tangible common equity (1) (5):
Net income available to common shareholders (annualized)		36,616			58,028			58,337
Amortization of intangibles, net of tax (annualized)		4,727			4,785			3,188

		41,343			62,813			61,525

Average total shareholders’ equity		1,049,464			1,020,495			932,530
Less: Average preferred shareholders’ equity		(95,389	)		(87,149	)		0
Less: Average intangibles		(572,701	)		(573,963	)		(503,598	)

		381,375			359,383			428,932

Return on average tangible common equity (1) (5)		10.84	%		17.48	%		14.34	%


Return on average tangible assets (2) (5):
Net income (annualized)		42,508			63,475			58,337
Amortization of intangibles, net of tax (annualized)		4,727			4,785			3,188

		47,235			68,260			61,525

Average total assets		8,604,059			8,433,532			7,989,171
Less: Average intangibles		(572,701	)		(573,963	)		(503,598	)

		8,031,358			7,859,568			7,485,573

Return on average tangible assets (1) (5)		0.59	%		0.87	%		0.82	%


Tangible common book value per share (5):
Total shareholders’ equity		1,151,147			1,026,581			919,458
Less: preferred shareholders’ equity		(95,462	)		(95,243	)		0
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		484,019			357,811			394,061

Ending shares outstanding		113,965,669			89,774,045			86,025,842

Tangible common book value per share (5)	$	4.25		$	3.99		$	4.58

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	For the Six Months
	Ended June 30,
	2009			2008
Return on average tangible equity (1) (5):
Net income (annualized)		52,934			62,333
Amortization of intangibles, net of tax (annualized)		4,755			2,996

		57,689			65,328

Average total shareholders’ equity		1,035,060			739,364
Less: Average intangibles		(573,328	)		(382,297	)

		461,732			357,067

Return on average tangible equity (1) (5)		12.49	%		18.30	%


Return on average tangible common equity (1) (5):
Net income available to common shareholders (annualized)		47,263			62,333
Amortization of intangibles, net of tax (annualized)		4,755			2,996

		52,018			65,328

Average total shareholders’ equity		1,035,060			739,364
Less: Average preferred shareholders’ equity		(91,292	)		0
Less: Average intangibles		(573,328	)		(382,297	)

		370,440			357,067

Return on average tangible common equity (1) (5)		14.04	%		18.30	%


Return on average tangible assets (2) (5):
Net income (annualized)		52,934			62,333
Amortization of intangibles, net of tax (annualized)		4,755			2,996

		57,689			65,328

Average total assets		8,519,266			7,046,665
Less: Average intangibles		(573,328	)		(382,297	)

		7,945,938			6,664,368

Return on average tangible assets (1) (5)		0.73	%		0.98	%


Tangible common book value per share (5):
Total shareholders’ equity		1,151,147			919,458
Less: preferred shareholders’ equity		(95,462	)		0
Less: intangibles		(571,666	)		(525,397	)

		484,019			394,061

Ending shares outstanding		113,965,669			86,025,842

Tangible common book value per share (5)	$	4.25		$	4.58

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	2009						2008
	Second			First			Second
	Quarter			Quarter			Quarter
Tangible common book value per share excluding AOCI (4) (5):
Total shareholders’ equity		1,151,147			1,026,581			919,458
Less: preferred shareholders’ equity		(95,462	)		(95,243	)		0
Less: intangibles		(571,666	)		(573,526	)		(525,397	)
Less: AOCI		34,748			29,494			17,013

		518,767			387,306			411,075

Ending shares outstanding		113,965,669			89,774,045			86,025,842

Tangible common book value per share (5)	$	4.55		$	4.31		$	4.78


Tangible equity/tangible assets (period end) (5):
Total shareholders’ equity		1,151,147			1,026,581			919,458
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		579,481			453,054			394,061

Total assets		8,710,320			8,454,797			8,095,880
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		8,138,654			7,881,271			7,570,483

Tangible equity/tangible assets (period end) (5)		7.12	%		5.75	%		5.21	%


Tangible common equity/tangible assets (period end) (5):
Total shareholders’ equity		1,151,147			1,026,581			919,458
Less: preferred shareholders’ equity		(95,462	)		(95,243	)		0
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		484,019			357,811			394,061

Total assets		8,710,320			8,454,797			8,095,880
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		8,138,654			7,881,271			7,570,483

Tangible common equity/tangible assets (period end) (5)		5.95	%		4.54	%		5.21	%


Tangible common equity, excluding AOCI/ tangible assets (period end) (4) (5):
Total shareholders’ equity		1,151,147			1,026,581			919,458
Less: preferred shareholders’ equity		(95,462	)		(95,243	)		0
Less: intangibles		(571,666	)		(573,526	)		(525,397	)
Less: AOCI		34,748			29,494			17,013

		518,767			387,306			411,075

Total assets		8,710,320			8,454,797			8,095,880
Less: intangibles		(571,666	)		(573,526	)		(525,397	)

		8,138,654			7,881,271			7,570,483

Tangible common equity, excluding AOCI/tangible assets (period end) (4)(5)		6.37	%		4.91	%		5.43	%

F.N.B. CORPORATION
(Unaudited)
(Dollars in thousands)


	For the Six Months
	Ended June 30,
	2009			2008
Tangible common book value per share excluding AOCI (4) (5):
Total shareholders’ equity		1,151,147			919,458
Less: preferred shareholders’ equity		(95,462	)		0
Less: intangibles		(571,666	)		(525,397	)
Less: AOCI		34,748			17,013

		518,767			411,075

Ending shares outstanding		113,965,669			86,025,842

Tangible common book value per share (5)	$	4.55		$	4.78


Tangible equity/tangible assets (period end) (5):
Total shareholders’ equity		1,151,147			919,458
Less: intangibles		(571,666	)		(525,397	)

		579,481			394,061

Total assets		8,710,320			8,095,880
Less: intangibles		(571,666	)		(525,397	)

		8,138,654			7,570,483

Tangible equity/tangible assets (period end) (5)		7.12	%		5.21	%


Tangible common equity/tangible assets (period end) (5):
Total shareholders’ equity		1,151,147			919,458
Less: preferred shareholders’ equity		(95,462	)		0
Less: intangibles		(571,666	)		(525,397	)

		484,019			394,061

Total assets		8,710,320			8,095,880
Less: intangibles		(571,666	)		(525,397	)

		8,138,654			7,570,483

Tangible common equity/tangible assets (period end) (5)		5.95	%		5.21	%


Tangible common equity, excluding AOCI/ tangible assets (period end) (4) (5):
Total shareholders’ equity		1,151,147			919,458
Less: preferred shareholders’ equity		(95,462	)		0
Less: intangibles		(571,666	)		(525,397	)
Less: AOCI		34,748			17,013

		518,767			411,075

Total assets		8,710,320			8,095,880
Less: intangibles		(571,666	)		(525,397	)

		8,138,654			7,570,483

Tangible common equity, excluding AOCI/tangible assets (period end) (4) (5)		6.37	%		5.43	%


(1)		Return on average tangible equity (common equity) is calculated by dividing net income less amortization of intangibles by average equity (common equity) less average intangibles.

(2)		Return on average tangible assets is calculated by dividing net income less amortization of intangibles by average assets less average intangibles.

(3)		The efficiency ratio is calculated by dividing non-interest expense less amortization of intangibles by the sum of net interest income on a fully taxable equivalent basis plus non-interest income.

(4)		Accumulated other comprehensive income (AOCI) is comprised of unrealized losses on securities, non-credit impairment losses on other-than- temporarily impaired securities and unrecognized pension and postretirement obligations.

(5)		See non-GAAP financial measures for additional information relating to the calculation of this item.

(6)		Treasury management accounts are included in short-term borrowings on the balance sheet.

(7)		The non-performing investments at both June 30, 2009 and March 31, 2009 include $0.1 million at a non-banking affiliate of the Corporation.

(8)		Certain prior period amounts have been reclassified to conform to the current period presentation.


001-31940		25-1255406

(Commission File Number)		(IRS Employer Identification No.)


One F.N.B. Boulevard, Hermitage, PA		16148

(Address of Principal Executive Offices)		(Zip Code)


F.N.B. CORPORATION (Registrant)
By:	/s/ Vincent J. Calabrese
	Name:	Vincent J. Calabrese
	Title:	Chief Financial Officer (Principal Financial Officer)