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Exhibit 99.1

F.N.B. Corporation Reports Second Quarter 2010 Results

Hermitage, PA — July 26, 2010 — F.N.B. Corporation (NYSE: FNB) today reported financial results for the second quarter of 2010. Net income for the second quarter of 2010 was $17.9 million, or $0.16 per diluted share, compared to first quarter of 2010 net income of $16.0 million, or $0.14 per diluted share, and net income available to common shareholders in the second quarter of 2009 of $9.1 million, or $0.10 per diluted common share.

“We are very pleased to deliver another solid quarter for our shareholders,” said Stephen J. Gurgovits, President and Chief Executive Officer of F.N.B. Corporation. “Our results for the second quarter again reflect solid loan and deposit growth, stable credit quality and our consistent focus on creating value for our shareholders.”

F.N.B. Corporation’s performance ratios this quarter were as follows: return on average tangible common equity (non-GAAP measure) was 15.65%; return on average equity was 6.83%; return on average tangible assets (non-GAAP measure) was 0.92% and return on average assets was 0.81%. A reconciliation of GAAP measures to non-GAAP measures is included in the tables that accompany this press release.

Net Interest Income

Net interest income on a taxable equivalent basis (non-GAAP measure) for the second quarter of 2010 totaled $73.1 million, increasing $3.1 million from the first quarter of 2010. This linked quarter growth reflects a 7.2% annualized increase in average earning assets and a 7 basis point expansion of the net interest margin. The increase in average earning assets includes growth in both loans and investment securities. Average investment securities increased over the first quarter by $117 million due to the deployment of funds previously held at the Federal Reserve. The net interest margin equaled 3.81% for the second quarter and includes a 4 basis point net benefit related to certain non-accrual loans that were paid-off or returned to accrual status.

“We are very pleased with the outstanding results of our commercial and retail bankers in winning new customer relationships and continuing to gain market share throughout this challenging economic cycle,” said Mr. Gurgovits. “Our loan and deposit growth reflects our ongoing success in attracting new customers to the F.N.B. approach to banking.”

Total average loans for the second quarter of 2010 increased on a linked quarter basis by $48.4 million or 3.3% annualized to $5.9 billion, representing the fourth consecutive quarter of growth for total average loans. Average commercial loans led the second quarter growth increasing $29.5 million, or 3.6% annualized. Our Pennsylvania commercial loan portfolio grew $35.9 million, or 4.7% annualized, as we continue to gain market share across our footprint.

F.N.B. Corporation Reports Second Quarter 2010 Results, Page 2 of 6

Average consumer loans for the second quarter of 2010 totaled $2.5 billion and grew $11.3 million or 1.8% annualized on a linked quarter basis. The increase was primarily due to $8.7 million or 2.5% annualized growth of average home equity lending balances (comprised of consumer lines of credit and direct installment loans) reflecting promotional initiatives and customer preferences for these products in a low interest rate environment.

Average deposits and treasury management balances grew $161.3 million or 9.2% annualized to $7.2 billion on a linked quarter basis reflecting successes in new account acquisition combined with higher average balances. During the second quarter of 2010, average transaction deposits increased $139.2 million or 13.3% annualized and average treasury management balances grew $21.9 million or 14.7% annualized.

Non-Interest Income

Non-interest income of $28.4 million for the second quarter of 2010 decreased $1.8 million on a linked quarter basis as the prior quarter included $2.3 million in gains on security sales, $3.3 million in recoveries on acquired impaired loans and $1.7 million in OTTI charges. The current quarter reflected higher levels of fee income, lower other-than-temporary impairment charges and a $1.6 million gain related to the successful harvesting of a mezzanine financing relationship by F.N.B. Capital Corporation. The impairment losses recognized for the second quarter of 2010 of $0.6 million related to one pooled trust preferred security that experienced additional collateral deterioration.

Growth in fee income reflected seasonally higher service charges and securities commissions as well as higher mortgage-related gains due to increased sales volume in the second quarter. In addition, insurance commissions and fees decreased on a linked quarter basis due to seasonally higher contingent fee revenue in the first quarter of 2010. Non-interest income, excluding other-than-temporary impairment charges, securities gains and recoveries on acquired impaired loans, represented 28% of revenue for the second quarter of 2010 compared to 27% for the first quarter of 2010.

Non-Interest Expense

Non-interest expense totaled $63.1 million in the second quarter of 2010 and was flat with the first quarter of 2010 after considering the $2.3 million in pre-payment charges recorded in the first quarter associated with the repayment of FHLB debt. In addition, on a linked quarter basis, the second quarter of 2010 occupancy costs decreased $0.6 million due to seasonal weather-related factors. The efficiency ratio for the second quarter of 2010 improved to 60.5% compared to 63.6% in the first quarter of 2010 demonstrating continued effective expense control.

F.N.B. Corporation Reports Second Quarter 2010 Results, Page 3 of 6

Credit Quality

“Our Pennsylvania and Regency loan portfolios continue to perform very well with improvements reflecting the early stages of the economic recovery. The Florida portfolio, representing only 3.9% of total loans at quarter-end, showed signs of stabilization and slight improvement in the non-land related segments, while the land-related segment of this portfolio remains subject to a challenging environment. We continue to reduce our exposure in the Florida portfolio,” remarked Mr. Gurgovits.

Credit quality metrics for the second quarter of 2010 improved with lower levels of problem credits and delinquencies at quarter-end as non-performing loans and OREO as a percentage of total loans and OREO improved 16 basis points to 2.88% and total delinquency improved 22 basis points to 2.97%. Annualized net charge-offs increased slightly by 5 basis points to 0.53% of average loans for the second quarter of 2010 reflecting a modest increase in Florida-related charge-offs in the second quarter.

During the second quarter of 2010, the ratio of the allowance for loan losses to total loans increased 5 basis points to 1.91%. The provision for loan losses totaled $12.2 million for the second quarter of 2010, consistent with $12.0 million in the first quarter of 2010, and exceeded net charge-offs as we supported loan growth and provided additional reserves for the Florida land-related portfolio.

The Pennsylvania loan portfolio totaled $5.6 billion at June 30, 2010 (93.4% of the total loan portfolio) and delivered good credit quality metrics characterized by the reduction of total past due loans, non-performing loans and charge-offs on a linked quarter basis. Net loan charge-offs totaled $4.4 million or 0.32% annualized of average loans for the second quarter of 2010 representing a slight improvement on a linked quarter basis. Total past dues and non-accrual loans improved 14 basis points to 1.91% of total loans at June 30, 2010 and non-performing loans and OREO decreased slightly to $87.3 million or 1.56% of total loans and OREO.

The Florida loan portfolio totaled $231.2 million at June 30, 2010 (3.9% of the total loan portfolio), reflecting a decrease of $9.2 million or 3.8% compared to March 31, 2010. The land-related portion of the portfolio totaled $93.2 million at quarter-end or 1.6% of the total loan portfolio. Florida non-performing loans and OREO decreased slightly to $76.3 million or 31.3% of total loans and OREO at June 30, 2010. Net loan charge-offs for the second quarter of 2010 totaled $1.9 million, compared to $0.9 million in net loan charge-offs for the first quarter of 2010. Activity for the quarter in the Florida portfolio included the disposition of $3.0 million in OREO, the sale of $3.5 million in performing credits to a Florida-based community bank, continued payments on performing credits and continued movement of problem loans into OREO. At June 30, 2010, the ratio of the allowance for loan losses to total loans for this portfolio equaled 11.65%, a 222 basis point increase compared to 9.43% at March 31, 2010. The increased reserve position reflects reappraisal risk associated with the Florida land-related portfolio.

F.N.B. Corporation Reports Second Quarter 2010 Results, Page 4 of 6

The Regency loan portfolio totaled $159.6 million at June 30, 2010 (2.7% of the total loan portfolio) and continues to deliver solid credit quality metrics for a consumer finance company. Total past dues and non-accrual loans improved by 4 basis points during the second quarter to 3.96% of total loans at June 30, 2010.

Capital Position

The Corporation’s capital ratios continue to exceed federal bank regulatory agency “well capitalized” thresholds. As of June 30, 2010, the Corporation’s regulatory capital ratios remained consistent with the first quarter as the equity increase in retained earnings supported the asset growth this quarter. The tangible common equity to tangible assets ratio (non-GAAP measure) increased 13 basis points to 5.97% at June 30, 2010. The tangible book value per share (non-GAAP measure) increased 10 cents during the quarter to $4.31 and the dividend payout ratio for the quarter was 77%. The improvement in tangible common equity during the second quarter is primarily attributable to earnings retention and improvement in accumulated other comprehensive income related to securities appreciation.

Year-to-Date Results

For the six months ended June 30, 2010, F.N.B. Corporation’s net income available to common shareholders totaled $33.9 million, or $0.30 per diluted share, compared to $23.4 million, or $0.26 per diluted common share for the six months ended June 30, 2009. For the 2010 year-to-date period, return on average tangible common equity (non-GAAP measure) totaled 15.05%, return on average equity was 6.51%, return on average tangible assets (non-GAAP measure) was 0.88% and return on average assets was 0.78%.

Net interest income on a fully taxable equivalent basis totaled $143.2 million for the first six months of 2010, an increase of $10.6 million or 8.0% over the same period of 2009, reflecting growth in average earning assets and an expanded net interest margin. On a year-over-year basis, average earning assets increased 3.8% reflecting an 11.7% increase in investments as increased liquidity was invested and growth in average loans of $97.2 million or 1.7%. The loan growth was driven by average commercial loan growth of $111.2 million or 3.5%. For the first six months of 2010, average deposits and treasury management balances increased $463.7 million or 7.0%, with average transaction balances growing $384.0 million or 9.9% and average treasury management balances growing $163.6 million or 36.8%, compared to same period in 2009. The strong loan and deposit growth reflects our success in expanding market share. The net interest margin for the first half of 2010 equaled 3.77%, an expansion of 15 basis points from the same period of 2009. This margin expansion reflects lower deposit and borrowing costs driven by an improved funding mix and the low interest rate environment partially offset by lower yields on earning assets.

Non-interest income totaled $58.7 million for the first half of 2010, an increase of 4.0% compared to $56.5 million for the same period of 2009. The first half of 2010 included higher gains on the sale of securities, higher recoveries on impaired loans acquired through

F.N.B. Corporation Reports Second Quarter 2010 Results, Page 5 of 6

acquisitions and the gain related to the successful harvesting of a mezzanine financing relationship by F.N.B. Capital Corporation, partially offset by higher other-than-temporary impairment charges. Fee income on a year-over-year basis reflects a 7% increase in trust-related revenue reflecting improved market conditions and a slight increase in total service charges on deposit accounts as reduced overdraft charges were offset by other deposit-related fee income. Partially offsetting these increases, insurance commissions and fees declined 8.4% because of lower contingent revenues and lower commission revenues, and securities commissions and fees declined 12.3% reflecting lower sales of annuities in a low interest rate environment.

Non-interest expense totaled $128.5 million for the first half of 2010, a slight increase of 1.0% compared to $127.2 million for the same period of 2009, primarily a result of pre-payment charges associated with the repayment of FHLB debt in 2010 partially offset by lower FDIC insurance premiums due to the special assessment in 2009. On a year-to-date basis, F.N.B. Corporation’s efficiency ratio improved to 62.0% for 2010, compared to 65.4% for the six-month period ended 2009 reflecting our continued focus on expense control.

The provision for loan losses for the first half of 2010 totaled $24.2 million compared to $24.4 million for the same period of 2009. At June 30, 2010, the ratio of the allowance for loan losses to total loans equaled 1.91%, a 19 basis point increase compared to 1.72% at June 30, 2009, reflecting an increased reserve position in the Florida land-related portfolio at June 30, 2010. Net loan charge-offs were 0.51% annualized of total loans for the first half of 2010 representing an improvement from the 1.03% annualized of total loans for the first half of 2009 as higher charge-offs in the Florida portfolio were incurred during the first half of 2009.

Conference Call

F.N.B. Corporation will host its quarterly conference call to discuss its financial results for the second quarter of 2010 on Tuesday, July 27, 2010, at 8:00 AM EDT. Participating callers may access the call by dialing (888) 677-8749 or (913) 312-1462 for international callers; the confirmation number is 4126662. The listen-only audio Webcast may be accessed through the “Shareholders and Investor Relations” section of the Corporation’s Web site at www.fnbcorporation.com.

A replay of the call will be available from 11:00 AM EDT on the day of the call until midnight EDT on Tuesday, August 3, 2010. The replay can be accessed by dialing (888) 203-1112 or (719) 457-0820 for international callers; the confirmation number is 4126662. 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.

F.N.B. Corporation Reports Second Quarter 2010 Results, Page 6 of 6

About F.N.B. Corporation

F.N.B. Corporation, headquartered in Hermitage, PA, is a diversified financial services company with total assets of $8.8 billion as of June 30, 2010. 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 F.N.B. Commercial Leasing. It also operates consumer finance offices in Tennessee and loan production offices in 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 net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) various monetary and fiscal policies and regulations of the U.S. Government 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; (8) risk factors mentioned in the reports and registration statements F.N.B. Corporation files with the Securities and Exchange Commission; (9) housing prices; (10) job market; (11) consumer confidence and spending habits or (12) estimates of fair value of certain F.N.B. Corporation assets and liabilities. 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:
Cynthia Christopher 724-983-3429
724-815-3926 (cell)
christoc@fnb-corp.com
Media Contact:
Jennifer Reel 724-983-4856
724-699-6389 (cell)
reel@fnb-corp.com

DATA SHEETS FOLLOW

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


										2nd Qtr 2010 -		2nd Qtr 2010 -
	2010						2009			1st Qtr 2010		2nd Qtr 2009
	Second			First			Second			Percent		Percent
	Quarter			Quarter			Quarter			Variance		Variance
Statement of earnings
Interest income	$	94,361		$	92,546		$	97,153			2.0		-2.9
Interest expense		22,880			24,141			31,702			-5.2		-27.8

Net interest income		71,481			68,405			65,451			4.5		9.2
Taxable equivalent adjustment		1,665			1,638			1,490			1.6		11.7

Net interest income (FTE) (1)		73,146			70,043			66,941			4.4		9.3
Provision for loan losses		12,239			11,964			13,909			2.3		-12.0

Net interest income after provision (FTE)		60,907			58,079			53,032			4.9		14.9

Impairment losses on securities		(1,313	)		(8,226	)		(1,429	)		n/m		n/m
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income)		711			6,540			689			n/m		n/m

Net impairment losses on securities		(602	)		(1,686	)		(740	)		n/m		n/m

Service charges		14,662			13,722			14,596			6.9		0.5
Insurance commissions and fees		3,849			4,324			3,837			-11.0		0.3
Securities commissions and fees		1,771			1,557			2,008			13.8		-11.8
Trust income		3,188			3,158			3,013			0.9		5.8
Gain on sale of securities		47			2,390			66			-98.1		-29.1
Gain on sale of loans		808			567			1,139			42.5		-29.0
Other		4,720			6,243			4,412			-24.4		7.0

Total non-interest income		28,443			30,275			28,331			-6.1		0.4

Salaries and employee benefits		33,392			33,125			31,617			0.8		5.6
Occupancy and equipment		9,446			10,071			9,457			-6.2		-0.1
Amortization of intangibles		1,679			1,687			1,813			-0.5		-7.4
Other		18,567			20,560			23,378			-9.7		-20.6

Total non-interest expense		63,084			65,443			66,265			-3.6		-4.8

Income before income taxes		26,266			22,911			15,098			14.6		74.0
Taxable equivalent adjustment		1,665			1,638			1,490			1.6		11.7
Income taxes		6,679			5,293			3,010			26.2		121.9

Net income		17,922			15,980			10,598			12.2		69.1
Preferred stock dividends and discount amortization		0			0			1,469			n/m		n/m

Net income available to common shareholders	$	17,922		$	15,980		$	9,129			12.2		96.3


Earnings per common share
Basic	$	0.16		$	0.14		$	0.10			14.3		60.0
Diluted	$	0.16		$	0.14		$	0.10			14.3		60.0

Performance ratios
Return on average equity		6.83	%		6.19	%		4.05	%
Return on average tangible common equity (2) (6)		15.65	%		14.43	%		10.84	%
Return on average assets		0.81	%		0.74	%		0.49	%
Return on average tangible assets (3) (6)		0.92	%		0.85	%		0.59	%
Net interest margin (FTE) (1) (9)		3.81	%		3.74	%		3.60	%
Yield on earning assets (FTE) (1) (9)		5.00	%		5.03	%		5.30	%
Cost of funds		1.37	%		1.47	%		1.95	%
Efficiency ratio (FTE) (1) (4) (9)		60.45	%		63.55	%		67.65	%
Effective tax rate		27.15	%		24.88	%		22.12	%

Common stock data
Average basic shares outstanding		113,878,018			113,750,330			93,387,226			0.1		21.9
Average diluted shares outstanding		114,315,174			114,064,564			93,596,520			0.2		22.1
Ending shares outstanding		114,532,890			114,404,945			113,965,669			0.1		0.5
Common book value per share	$	9.24		$	9.16		$	9.26			0.9		-0.3
Tangible common book value per share (6)	$	4.31		$	4.21		$	4.25			2.4		1.5
Tangible common book value per share excluding AOCI (5) (6)	$	4.53		$	4.47		$	4.55			1.4		-0.5
Dividend payout ratio (common)		77.09	%		86.16	%		118.53	%

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


	For the Six Months
	Ended June 30,						Percent
	2010			2009			Variance
Statement of earnings
Interest income	$	186,907		$	195,308			-4.3
Interest expense		47,021			65,722			-28.5

Net interest income		139,886			129,586			7.9
Taxable equivalent adjustment		3,303			3,045			8.5

Net interest income (FTE) (1)		143,189			132,631			8.0
Provision for loan losses		24,203			24,423			-0.9

Net interest income after provision (FTE)		118,986			108,208			10.0

Impairment losses on securities		(9,539	)		(1,632	)		n/m
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income)		7,251			689			n/m

Net impairment losses on securities		(2,288	)		(943	)		n/m

Service charges		28,384			28,195			0.7
Insurance commissions and fees		8,173			8,918			-8.4
Securities commissions and fees		3,328			3,796			-12.3
Trust income		6,346			5,930			7.0
Gain on sale of securities		2,437			344			608.2
Gain on sale of loans		1,375			1,675			-18.0
Other		10,963			8,542			28.3

Total non-interest income		58,718			56,457			4.0

Salaries and employee benefits		66,517			63,719			4.4
Occupancy and equipment		19,517			19,548			-0.2
Amortization of intangibles		3,366			3,628			-7.2
Other		39,127			40,342			-3.0

Total non-interest expense		128,527			127,237			1.0

Income before income taxes		49,177			37,428			31.4
Taxable equivalent adjustment		3,303			3,045			8.5
Income taxes		11,972			8,134			47.2

Net income		33,902			26,249			29.2
Preferred stock dividends and discount amortization		0			2,812			n/m

Net income available to common shareholders	$	33,902		$	23,437			44.6


Earnings per common share
Basic	$	0.30		$	0.26			15.4
Diluted	$	0.30		$	0.26			15.4

Performance ratios
Return on average equity		6.51	%		5.11	%
Return on average tangible common equity (2) (6)		15.05	%		14.04	%
Return on average assets		0.78	%		0.62	%
Return on average tangible assets (3) (6)		0.88	%		0.73	%
Net interest margin (FTE) (1) (9)		3.77	%		3.62	%
Yield on earning assets (FTE) (1) (9)		5.01	%		5.42	%
Cost of funds		1.42	%		2.05	%
Efficiency ratio (FTE) (1) (4) (9)		61.99	%		65.37	%
Effective tax rate		26.10	%		23.66	%

Common stock data
Average basic shares outstanding		113,814,527			91,396,295			24.5
Average diluted shares outstanding		114,189,278			91,599,650			24.7
Ending shares outstanding		114,532,890			113,965,669			0.5
Common book value per share	$	9.24		$	9.26			-0.3
Tangible common book value per share (6)	$	4.31		$	4.25			1.5
Tangible common book value per share excluding AOCI (5) (6)	$	4.53		$	4.55			-0.5
Dividend payout ratio (common)		81.37	%		92.14	%

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


										2nd Qtr 2010 -		2nd Qtr 2010 -
	2010						2009			1st Qtr 2010		2nd Qtr 2009
	Second			First			Second			Percent		Percent
	Quarter			Quarter			Quarter			Variance		Variance
Average balances
Total assets	$	8,874,430		$	8,745,138		$	8,604,059			1.5		3.1
Earning assets (9)		7,697,232			7,561,506			7,447,996			1.8		3.3
Securities		1,599,216			1,482,338			1,321,842			7.9		21.0
Short-term investments (9)		159,874			189,474			317,287			-15.6		-49.6
Loans, net of unearned income		5,938,142			5,889,694			5,808,867			0.8		2.2
Allowance for loan losses		113,531			108,256			106,881			4.9		6.2
Goodwill and intangibles		565,294			566,983			572,701			-0.3		-1.3

Deposits and treasury management accounts (7)		7,163,916			7,002,594			6,708,316			2.3		6.8
Short-term borrowings		126,972			132,737			101,249			-4.3		25.4
Long-term debt		228,959			262,920			445,450			-12.9		-48.6
Trust preferred securities		204,455			204,625			205,131			-0.1		-0.3
Shareholders’ equity — common		1,052,569			1,047,094			954,075			0.5		10.3
Shareholders’ equity — preferred		0			0			95,389			n/m		n/m

Asset quality data
Non-accrual loans	$	132,412		$	141,913		$	117,013			-6.7		13.2
Restructured loans		17,270			15,556			5,743			11.0		200.7

Non-performing loans		149,682			157,469			122,756			-4.9		21.9
Other real estate owned		22,952			22,094			18,145			3.9		26.5

Total non-performing loans and OREO		172,634			179,563			140,901			-3.9		22.5
Non-performing investments (8)		4,661			4,346			7,768			7.2		-40.0

Non-performing assets	$	177,295		$	183,909		$	148,669			-3.6		19.3


Net loan charge-offs	$	7,791		$	7,027		$	17,621			10.9		-55.8
Allowance for loan losses		114,040			109,592			99,415			4.1		14.7

Non-performing loans / total loans		2.51	%		2.67	%		2.13	%
Non-performing loans + OREO / total loans + OREO		2.88	%		3.04	%		2.44	%
Non-performing assets / total assets		2.01	%		2.09	%		1.71	%
Allowance for loan losses / total loans		1.91	%		1.86	%		1.72	%
Allowance for loan losses / non-performing loans		76.19	%		69.60	%		80.99	%
Net loan charge-offs (annualized) / average loans		0.53	%		0.48	%		1.22	%

Balances at period end
Total assets	$	8,833,060		$	8,799,534		$	8,710,320			0.4		1.4
Earning assets (9)		7,647,064			7,609,205			7,549,365			0.5		1.3
Loans, net of unearned income		5,967,570			5,890,105			5,767,109			1.3		3.5
Deposits and treasury management accounts (7)		7,141,210			7,073,906			6,725,629			1.0		6.2
Total equity		1,058,004			1,047,395			1,151,147			1.0		-8.1

Capital ratios
Equity/assets (period end)		11.98	%		11.90	%		13.22	%
Leverage ratio		8.63	%		8.67	%		10.11	%
Tangible equity/tangible assets (period end) (6)		5.97	%		5.84	%		7.12	%
Tangible common equity/tangible assets (period end) (5)		5.97	%		5.84	%		5.95	%
Tangible common equity, excluding AOCI/ tangible assets (period end) (5) (6)		6.28	%		6.21	%		6.37	%

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


	For the Six Months
	Ended June 30,						Percent
	2010			2009			Variance
Average balances
Total assets	$	8,810,141		$	8,519,266			3.4
Earning assets (9)		7,633,180			7,355,674			3.8
Securities		1,541,100			1,319,695			16.8
Short-term investments (9)		178,029			219,122			-18.8
Loans, net of unearned income		5,914,051			5,816,857			1.7
Allowance for loan losses		110,908			106,917			3.7
Goodwill and intangibles		566,134			573,328			-1.3

Deposits and treasury management accounts (7)		7,083,701			6,620,043			7.0
Short-term borrowings		129,839			104,165			24.6
Long-term debt		245,846			460,187			-46.6
Trust preferred securities		204,540			205,214			-0.3
Shareholders’ equity — common		1,049,846			943,768			11.2
Shareholders’ equity — preferred		0			91,292			n/m

Asset quality data
Non-accrual loans	$	132,412		$	117,013			13.2
Restructured loans		17,270			5,743			200.7

Non-performing loans		149,682			122,756			21.9
Other real estate owned		22,952			18,145			26.5

Total non-performing loans and OREO		172,634			140,901			22.5
Non-performing investments (8)		4,661			7,768			-40.0

Non-performing assets	$	177,295		$	148,669			19.3


Net loan charge-offs	$	14,818		$	29,753			-50.2
Allowance for loan losses		114,040			99,415			14.7

Non-performing loans / total loans		2.51	%		2.13	%
Non-performing loans + OREO / total loans + OREO		2.88	%		2.44	%
Non-performing assets / total assets		2.01	%		1.71	%
Allowance for loan losses / total loans		1.91	%		1.72	%
Allowance for loan losses / non-performing loans		76.19	%		80.99	%
Net loan charge-offs (annualized) / average loans		0.51	%		1.03	%

Balances at period end
Total assets	$	8,833,060		$	8,710,320			1.4
Earning assets (9)		7,647,064			7,549,365			1.3
Loans, net of unearned income		5,967,570			5,767,109			3.5
Deposits and treasury management accounts (7)		7,141,210			6,725,629			6.2
Total equity		1,058,004			1,151,147			-8.1

Capital ratios
Equity/assets (period end)		11.98	%		13.22	%
Leverage ratio		8.63	%		10.11	%
Tangible equity/tangible assets (period end) (6)		5.97	%		7.12	%
Tangible common equity/tangible assets (period end) (5)		5.97	%		5.95	%
Tangible common equity, excluding AOCI/ tangible assets (period end) (5) (6)		6.28	%		6.37	%

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


							2nd Qtr 2010 -		2nd Qtr 2010 -
	2010				2009		1st Qtr 2010		2nd Qtr 2009
	Second		First		Second		Percent		Percent
	Quarter		Quarter		Quarter		Variance		Variance
Average balances
Loans:
Commercial	$	3,311,030	$	3,281,512	$	3,193,128		0.9		3.7
Direct installment		969,007		975,119		1,015,464		-0.6		-4.6
Residential mortgages		616,267		612,819		623,973		0.6		-1.2
Indirect installment		517,452		518,311		537,886		-0.2		-3.8
Consumer LOC		426,471		411,666		364,069		3.6		17.1
Other		97,915		90,267		74,347		8.5		31.7

Total loans	$	5,938,142	$	5,889,694	$	5,808,867		0.8		2.2


Deposits:
Non-interest bearing deposits	$	1,028,631	$	969,926	$	934,366		6.1		10.1
Savings and NOW		3,297,537		3,217,055		3,049,155		2.5		8.1
Certificates of deposit and other time deposits		2,219,194		2,218,933		2,290,536		0.0		-3.1

Total deposits		6,545,362		6,405,914		6,274,057		2.2		4.3
Treasury management accounts (7)		618,554		596,680		434,259		3.7		42.4

Total deposits and treasury management accounts (7)	$	7,163,916	$	7,002,594	$	6,708,316		2.3		6.8


Balances at period end
Loans:
Commercial	$	3,304,493	$	3,296,728	$	3,182,045		0.2		3.8
Direct installment		983,857		967,005		1,005,736		1.7		-2.2
Residential mortgages		615,232		600,006		590,111		2.5		4.3
Indirect installment		521,679		514,020		541,168		1.5		-3.6
Consumer LOC		438,039		417,910		373,161		4.8		17.4
Other		104,270		94,436		74,888		10.4		39.2

Total loans	$	5,967,570	$	5,890,105	$	5,767,109		1.3		3.5


Deposits:
Non-interest bearing deposits	$	1,039,631	$	1,015,521	$	948,925		2.4		9.6
Savings and NOW		3,280,076		3,246,529		3,077,091		1.0		6.6
Certificates of deposit and other time deposits		2,214,951		2,232,056		2,262,677		-0.8		-2.1

Total deposits		6,534,658		6,494,106		6,288,693		0.6		3.9
Treasury management accounts (7)		606,552		579,800		436,936		4.6		38.8

Total deposits and treasury management accounts (7)	$	7,141,210	$	7,073,906	$	6,725,629		1.0		6.2

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


	Second Quarter 2010
	Bank - PA			Bank - FL			Regency			Total
Asset quality data, by core portfolio
Non-accrual loans	$	66,391		$	64,063		$	1,958		$	132,412
Restructured loans		11,233			0			6,037			17,270

Non-performing loans		77,624			64,063			7,995			149,682
Other real estate owned		9,626			12,245			1,081			22,952

Total non-performing loans and OREO		87,250			76,308			9,076			172,634
Non-performing investments (8)		4,661			0			0			4,661


Non-performing assets	$	91,911		$	76,308		$	9,076		$	177,295


Net loan charge-offs	$	4,442		$	1,900		$	1,449		$	7,791
Provision for loan losses		4,494			6,168			1,577			12,239
Allowance for loan losses		80,396			26,940			6,704			114,040
Loans, net of unearned income		5,576,734			231,237			159,599			5,967,570

Non-performing loans / total loans		1.39	%		27.70	%		5.01	%		2.51	%
Non-performing loans + OREO / total loans + OREO		1.56	%		31.34	%		5.65	%		2.88	%
Non-performing assets / total assets		1.09	%		35.24	%		5.45	%		2.01	%
Allowance for loan losses / total loans		1.44	%		11.65	%		4.20	%		1.91	%
Allowance for loan losses / non-performing loans		103.57	%		42.05	%		83.85	%		76.19	%
Net loan charge-offs (annualized) / average loans		0.32	%		3.23	%		3.73	%		0.53	%

Loans 30 - 89 days past due	$	35,005		$	0		$	2,070		$	37,075
Loans 90+ days past due		5,285			0			2,288			7,573
Non-accrual loans		66,391			64,063			1,958			132,412

Total past due and non-accrual loans	$	106,681		$	64,063		$	6,316		$	177,060


Total past due and non-accrual loans/total loans		1.91	%		27.70	%		3.96	%		2.97	%

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


	First Quarter 2010
	Bank - PA			Bank - FL			Regency			Total
Asset quality data, by core portfolio
Non-accrual loans	$	71,027		$	68,993		$	1,893		$	141,913
Restructured loans		9,656			0			5,900			15,556

Non-performing loans		80,683			68,993			7,793			157,469
Other real estate owned		10,077			10,914			1,103			22,094

Total non-performing loans and OREO		90,760			79,907			8,896			179,563
Non-performing investments (8)		4,346			0			0			4,346

Non-performing assets	$	95,106		$	79,907		$	8,896		$	183,909


Net loan charge-offs	$	4,540		$	938		$	1,549		$	7,027
Provision for loan losses		6,824			3,820			1,320			11,964
Allowance for loan losses		80,345			22,671			6,576			109,592
Loans, net of unearned income		5,493,117			240,426			156,562			5,890,105

Non-performing loans / total loans		1.47	%		28.70	%		4.98	%		2.67	%
Non-performing loans + OREO / total loans + OREO		1.65	%		31.79	%		5.64	%		3.04	%
Non-performing assets / total assets		1.14	%		34.94	%		5.44	%		2.09	%
Allowance for loan losses / total loans		1.46	%		9.43	%		4.20	%		1.86	%
Allowance for loan losses / non-performing loans		99.58	%		32.86	%		84.38	%		69.60	%
Net loan charge-offs (annualized) / average loans		0.34	%		1.57	%		3.96	%		0.48	%

Loans 30 - 89 days past due	$	35,226		$	0		$	1,965		$	37,191
Loans 90+ days past due		6,280			0			2,401			8,681
Non-accrual loans		71,027			68,993			1,893			141,913

Total past due and non-accrual loans	$	112,533		$	68,993		$	6,259		$	187,785


Total past due and non-accrual loans/total loans		2.05	%		28.70	%		4.00	%		3.19	%

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


	Second Quarter 2009
	Bank - PA			Bank - FL			Regency			Total
Asset quality data, by core portfolio
Non-accrual loans	$	49,629		$	65,597		$	1,787		$	117,013
Restructured loans		1,484			0			4,259			5,743

Non-performing loans		51,113			65,597			6,046			122,756
Other real estate owned		9,105			7,967			1,073			18,145

Total non-performing loans and OREO		60,218			73,564			7,119			140,901
Non-performing investments (8)		7,630			0			0			7,630

Non-performing assets	$	67,848		$	73,564		$	7,119		$	148,531


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	%		3.86	%		2.13	%
Non-performing loans + OREO / total loans + OREO		1.13	%		26.05	%		4.51	%		2.44	%
Non-performing assets / total assets		0.82	%		28.39	%		4.36	%		1.71	%
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	%		106.35	%		80.99	%
Net loan charge-offs (annualized) / average loans		0.36	%		15.60	%		3.99	%		1.22	%

Loans 30 - 89 days past due	$	45,822		$	0		$	2,910		$	48,732
Loans 90+ days past due		9,775			0			2,257			12,032
Non-accrual loans		49,629			65,597			1,787			117,013

Total past due and non-accrual loans	$	105,226		$	65,597		$	6,954		$	177,777


Total past due and non-accrual loans/total loans		1.97	%		23.90	%		4.43	%		3.08	%

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


										2nd Qtr 2010 -		2nd Qtr 2010 -
	2010						2009			1st Qtr 2010		2nd Qtr 2009
	Second			First			Second			Percent		Percent
	Quarter			Quarter			Quarter			Variance		Variance
Balance Sheet
Assets
Cash and due from banks	$	140,629		$	139,762		$	141,656			0.6		-0.7
Interest bearing deposits with banks		60,238			189,566			352,823			-68.2		-82.9

Cash and cash equivalents		200,867			329,328			494,479			-39.0		-59.4
Securities available for sale		758,325			673,596			636,182			12.6		19.2
Securities held to maturity		853,698			844,472			766,543			1.1		11.4
Residential mortgage loans held for sale		7,232			11,466			26,707			-36.9		-72.9
Loans, net of unearned income		5,967,570			5,890,105			5,767,109			1.3		3.5
Allowance for loan losses		(114,040	)		(109,592	)		(99,415	)		4.1		14.7

Net loans		5,853,530			5,780,513			5,667,694			1.3		3.3
Premises and equipment, net		115,323			116,258			120,246			-0.8		-4.1
Goodwill		528,720			528,720			529,065			0.0		-0.1
Core deposit and other intangible assets, net		35,775			37,455			42,601			-4.5		-16.0
Bank owned life insurance		207,093			206,515			204,497			0.3		1.3
Other assets		272,495			271,211			222,306			0.5		22.6

Total Assets	$	8,833,060		$	8,799,534		$	8,710,320			0.4		1.4


Liabilities
Deposits:
Non-interest bearing demand	$	1,039,630		$	1,015,521		$	948,925			2.4		9.6
Savings and NOW		3,280,076			3,246,529			3,077,091			1.0		6.6
Certificates and other time deposits		2,214,952			2,232,056			2,262,677			-0.8		-2.1

Total Deposits		6,534,658			6,494,106			6,288,693			0.6		3.9
Other liabilities		94,748			92,369			88,263			2.6		7.3
Short-term borrowings		735,442			710,731			540,573			3.5		36.0
Long-term debt		205,834			250,391			436,595			-17.8		-52.9
Junior subordinated debt		204,373			204,542			205,049			-0.1		-0.3

Total Liabilities		7,775,056			7,752,139			7,559,173			0.3		2.9

Stockholders’ Equity
Preferred stock		0			0			95,462			n/m		n/m
Common stock		1,141			1,140			1,137			0.1		0.4
Additional paid-in capital		1,091,253			1,089,326			1,085,647			0.2		0.5
Retained earnings		(6,515	)		(10,621	)		5,262			-38.7		-223.8
Accumulated other comprehensive income		(25,358	)		(29,961	)		(34,748	)		-15.4		-27.0
Treasury stock		(2,517	)		(2,489	)		(1,613	)		1.1		56.1

Total Stockholders’ Equity		1,058,004			1,047,395			1,151,147			1.0		-8.1

Total Liabilities and Stockholders’ Equity	$	8,833,060		$	8,799,534		$	8,710,320			0.4		1.4

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 non-GAAP financial measures used by the Corporation may differ from the non-GAAP financial measures other financial institutions use to measure their results of operations. The following tables summarize the non-GAAP financial measures derived from amounts reported in the Corporation’s financial statements.


	2010						2009
	Second			First			Second
	Quarter			Quarter			Quarter
Return on average tangible common equity (2):
Net income available to common shareholders (annualized)	$	71,886		$	64,810		$	36,616
Amortization of intangibles, net of tax (annualized)		4,376			4,447			4,727

		76,262			69,257			41,343

Average total shareholders’ equity		1,052,569			1,047,094			1,049,464
Less: Average preferred shareholders’ equity		0			0			(95,389	)
Less: Average intangibles		(565,294	)		(566,983	)		(572,701	)

		487,275			480,111			381,374

Return on average tangible common equity (2)		15.65	%		14.43	%		10.84	%


Return on average tangible assets (3):
Net income (annualized)	$	71,886		$	64,810		$	42,508
Amortization of intangibles, net of tax (annualized)		4,376			4,447			4,727

		76,262			69,257			47,235

Average total assets		8,874,430			8,745,138			8,604,059
Less: Average intangibles		(565,294	)		(566,983	)		(572,701	)

		8,309,136			8,178,155			8,031,358
Return on average tangible assets (3)		0.92	%		0.85	%		0.59	%


Tangible common book value per share:
Total shareholders’ equity	$	1,058,004		$	1,047,395		$	1,151,147
Less: preferred shareholders’ equity		0			0			(95,462	)
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		493,509			481,219			484,020

Ending shares outstanding		114,532,890			114,404,945			113,965,669

Tangible common book value per share	$	4.31		$	4.21		$	4.25


Tangible common book value per share excluding AOCI (5):
Total shareholders’ equity	$	1,058,004		$	1,047,395		$	1,151,147
Less: preferred shareholders’ equity		0			0			(95,462	)
Less: intangibles		(564,495	)		(566,176	)		(571,665	)
Less: AOCI		25,358			29,961			34,748

		518,867			511,180			518,768

Ending shares outstanding		114,532,890			114,404,945			113,965,669

Tangible common book value per share excluding AOCI (5)	$	4.53		$	4.47		$	4.55

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


	For the Six Months
	Ended June 30,
	2010			2009
Return on average tangible common equity (2):
Net income available to common shareholders (annualized)	$	68,366		$	47,263
Amortization of intangibles, net of tax (annualized)		4,412			4,755

		72,778			52,018

Average total shareholders’ equity		1,049,846			1,035,060
Less: Average preferred shareholders’ equity		0			(91,292	)
Less: Average intangibles		(566,134	)		(573,328	)

		483,712			370,440

Return on average tangible common equity (2)		15.05	%		14.04	%


Return on average tangible assets (3):
Net income (annualized)	$	68,366		$	52,934
Amortization of intangibles, net of tax (annualized)		4,412			4,755

		72,778			57,689

Average total assets		8,810,141			8,519,266
Less: Average intangibles		(566,134	)		(573,328	)

		8,244,007			7,945,938

Return on average tangible assets (3)		0.88	%		0.73	%


Tangible common book value per share:
Total shareholders’ equity	$	1,058,004		$	1,151,147
Less: preferred shareholders’ equity		0			(95,462	)
Less: intangibles		(564,495	)		(571,665	)

		493,509			484,020

Ending shares outstanding		114,532,890			113,965,669

Tangible common book value per share	$	4.31		$	4.25


Tangible common book value per share excluding AOCI (5):
Total shareholders’ equity	$	1,058,004		$	1,151,147
Less: preferred shareholders’ equity		0			(95,462	)
Less: intangibles		(564,495	)		(571,665	)
Less: AOCI		25,358			34,748

		518,867			518,768

Ending shares outstanding		114,532,890			113,965,669

Tangible common book value per share excluding AOCI (5)	$	4.53		$	4.55

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


	2010						2009
	Second			First			Second
	Quarter			Quarter			Quarter
Tangible equity/tangible assets (period end):
Total shareholders’ equity	$	1,058,004		$	1,047,395		$	1,151,147
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		493,509			481,219			579,482

Total assets		8,833,060			8,799,534			8,710,320
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		8,268,565			8,233,358			8,138,655

Tangible equity/tangible assets (period end)		5.97	%		5.84	%		7.12	%


Tangible common equity/tangible assets (period end):
Total shareholders’ equity	$	1,058,004		$	1,047,395		$	1,151,147
Less: preferred shareholders’ equity		0			0			(95,462	)
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		493,509			481,219			484,020

Total assets		8,833,060			8,799,534			8,710,320
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		8,268,565			8,233,358			8,138,655

Tangible common equity/tangible assets (period end)		5.97	%		5.84	%		5.95	%


Tangible common equity, excluding AOCI/ tangible assets (period end) (5):
Total shareholders’ equity	$	1,058,004		$	1,047,395		$	1,151,147
Less: preferred shareholders’ equity		0			0			(95,462	)
Less: intangibles		(564,495	)		(566,176	)		(571,665	)
Less: AOCI		25,358			29,961			34,748

		518,867			511,180			518,768

Total assets		8,833,060			8,799,534			8,710,320
Less: intangibles		(564,495	)		(566,176	)		(571,665	)

		8,268,565			8,233,358			8,138,655

Tangible common equity, excluding AOCI/ tangible assets (period end) (5)		6.28	%		6.21	%		6.37	%

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


	For the Six Months
	Ended June 30,
	2010			2009
Tangible equity/tangible assets (period end):
Total shareholders’ equity	$	1,058,004		$	1,151,147
Less: intangibles		(564,495	)		(571,665	)

		493,509			579,482

Total assets		8,833,060			8,710,320
Less: intangibles		(564,495	)		(571,665	)

		8,268,565			8,138,655

Tangible equity/tangible assets (period end)		5.97	%		7.12	%


Tangible common equity/tangible assets (period end):
Total shareholders’ equity	$	1,058,004		$	1,151,147
Less: preferred shareholders’ equity		0			(95,462	)
Less: intangibles		(564,495	)		(571,665	)

		493,509			484,020

Total assets		8,833,060			8,710,320
Less: intangibles		(564,495	)		(571,665	)

		8,268,565			8,138,655

Tangible common equity/tangible assets (period end)		5.97	%		5.95	%


Tangible common equity, excluding AOCI/ tangible assets (period end) (5):
Total shareholders’ equity	$	1,058,004		$	1,151,147
Less: preferred shareholders’ equity		0			(95,462	)
Less: intangibles		(564,495	)		(571,665	)
Less: AOCI		25,358			34,748

		518,867			518,768

Total assets		8,833,060			8,710,320
Less: intangibles		(564,495	)		(571,665	)

		8,268,565			8,138,655

Tangible common equity, excluding AOCI/ tangible assets (period end) (5)		6.28	%		6.37	%


(1)		Net interest income is also presented on a fully taxable equivalent (FTE) basis, as the Corporation believes this non-GAAP measure is the preferred industry measurement for this item.

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

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

(4)		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.

(5)		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.

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

(7)		Treasury management accounts represent repurchase agreements and are included in short-term borrowings on the balance sheet.

(8)		The non-performing investments at June 30, 2009 include $0.1 million at a non-banking affiliate of the Corporation.

(9)		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)


ITEM 2.02.		RESULTS OF OPERATIONS AND FINANCIAL CONDITION


ITEM 9.01.		FINANCIAL STATEMENTS AND EXHIBITS