F.N.B. Corporation (FNB) details rates on $500M subordinated note offering

Rhea-AI Filing Summary

FNB Financial Services, LP, fully guaranteed by F.N.B. Corporation, is offering up to $500,000,000 aggregate principal amount of nonnegotiable subordinated term, daily and special daily notes under its prospectus. Renewals of notes issued by the Company before 2005 and still outstanding earn the same rates as the new notes.

Effective December 24, 2025, subordinated daily notes pay an annual interest rate of 1.40% with a 1.41% annual percentage yield, while subordinated special daily notes with a $25,000 minimum balance pay 3.25% with a 3.29% yield. Subordinated JUMBO daily notes with a $100,000 minimum balance pay 3.85% with a 3.91% yield.

Subordinated term notes offer fixed rates by maturity, including 3.20% (APY 3.24%) for 3 months, up to a special 120‑month term at 5.50% (APY 5.61%), giving investors a range of maturities and yields to match different time horizons.

Insights

Debt capital markets analyst

FNB sets detailed rate tiers on up to $500M of subordinated notes.

The prospectus supplement shows FNB Financial Services, LP offering up to $500,000,000 of nonnegotiable subordinated term, daily and special daily notes, fully guaranteed by F.N.B. Corporation. This structure combines daily-liquidity products with multi‑year term notes, all subordinated in the capital stack, which typically sit below senior debt in priority of payment.

Interest rates effective December 24, 2025 span from 1.40% on subordinated daily notes to a special 120‑month term at 5.50% (APY 5.61%). Higher APYs on longer and “special” terms compensate buyers for locking up funds and for the subordinated status. The rate table indicates how the issuer is pricing liquidity (daily vs term), balance size (standard vs JUMBO), and duration risk across its funding products.

Because these notes are fully and unconditionally guaranteed by F.N.B. Corporation, credit exposure reflects the parent rather than only the LP. Actual funding raised will depend on investor demand across the various maturities and minimum-balance tiers, and future supplements or updates may adjust rates as market conditions change.

PROSPECTUS SUPPLEMENT		Filed Pursuant to Rule 424(b)(2)
(To Prospectus Dated August 30, 2024)		Registration No. 333-281871 and 333-281871-01

FNB FINANCIAL SERVICES, LP

$500,000,000

SUBORDINATED TERM NOTES AND DAILY NOTES

Pursuant to the prospectus, FNB Financial Services, LP is offering up to Five Hundred Million Dollars ($500,000,000) aggregate principal amount of its nonnegotiable subordinated term, daily and special daily notes (the “New Notes”), which are fully and unconditionally guaranteed by F.N.B. Corporation, (the “Company”). Renewals of Notes issued by the Company prior to 2005 and still outstanding carry the same interest rates as their corollary New Notes.

The following annual interest rates are applicable to both New Notes and Outstanding Notes effective December 24, 2025.

						ANNUAL INTEREST RATE				ANNUAL PERCENTAGE YIELD
Subordinated Daily Notes							1.40	%			1.41	%
Subordinated Special Daily Notes MINIMUM BALANCE $25,000.00							3.25	%			3.29	%
Subordinated JUMBO Daily Notes MINIMUM BALANCE $100,000.00							3.85	%			3.91	%
Subordinated Term Notes
3 Month							3.20	%			3.24	%
6 Month			SPECIAL				4.00	%			4.06	%
9 Month							3.30	%			3.34	%
12 Month							3.40	%			3.44	%
15 Month							3.50	%			3.55	%
18 Month			SPECIAL				4.05	%			4.11	%
21 Month							N/A				N/A
24 Month							3.60	%			3.65	%
27 Month							3.70	%			3.75	%
30 Month							3.80	%			3.85	%
36 Month							3.80	%			3.85	%
48 Month							3.90	%			3.96	%
60 Month							4.00	%			4.06	%
84 Month							4.25	%			4.32	%
120 Month			SPECIAL				5.50	%			5.61	%

This Prospectus Supplement is dated December 24, 2025.

FAQ

What is FNB (FNB) offering in this prospectus supplement?

FNB Financial Services, LP is offering up to $500,000,000 aggregate principal amount of nonnegotiable subordinated term, daily and special daily notes (the “New Notes”), which are fully and unconditionally guaranteed by F.N.B. Corporation.

Who guarantees the subordinated notes offered by FNB Financial Services, LP?

The subordinated term, daily and special daily notes are fully and unconditionally guaranteed by F.N.B. Corporation, providing a parent-level guarantee for noteholders.

What are the interest rates on FNB’s subordinated daily and special daily notes?

Effective December 24, 2025, subordinated daily notes carry an annual interest rate of 1.40% with a 1.41% annual percentage yield. Subordinated special daily notes with a minimum balance of $25,000 pay 3.25% interest with a 3.29% annual percentage yield.

How are the subordinated JUMBO daily notes from FNB (FNB) structured?

The subordinated JUMBO daily notes require a minimum balance of $100,000. As of December 24, 2025, they pay an annual interest rate of 3.85% and an annual percentage yield of 3.91%, reflecting higher yields for larger balances.

What interest rates are offered on FNB’s subordinated term notes across maturities?

Subordinated term notes have fixed rates by maturity, including 3.20% (APY 3.24%) for 3 months, 4.00% (APY 4.06%) for a special 6‑month term, 4.05% (APY 4.11%) for a special 18‑month term, and a special 120‑month term at 5.50% (APY 5.61%).

Do older F.N.B. Corporation notes keep the same rates as the new notes?

Yes. Renewals of notes issued by F.N.B. Corporation prior to 2005 and still outstanding carry the same interest rates as their corollary New Notes, aligning yields between renewed legacy notes and the new offering.