F.N.B. Corporation announced that it has entered into an exclusive partnership with Penn State University, effective July 1 2026. The agreement, approved by the Penn State Board of Trustees’ Committee on Finance and Investment on March 13, 2026, makes F.N.B. the sole provider of on‑campus and digital banking services for the university’s nearly 90,000 students and 36,000 employees across all campuses.
Under the deal, F.N.B. will deploy its award‑winning eStore® technology platform to deliver 24/7 digital access and a physical branch presence. The partnership also grants F.N.B. high‑visibility branding placements and designates the bank as a Keystone Partner, expanding its footprint in a key regional market and reinforcing its strategy to become the primary operating bank for large institutional clients.
The agreement aligns closely with F.N.B.’s “Clicks‑to‑Bricks” strategy, which seeks to integrate digital and physical channels to capture institutional deposits and cross‑sell consumer and commercial products. By securing a university‑wide relationship, F.N.B. gains a stable, high‑volume deposit base and a platform to introduce its diversified financial services to a large, engaged customer base, supporting its growth and profitability objectives.
F.N.B. reported strong financial results in Q4 2025, with net income of $168.7 million ($0.47 per diluted share) versus $109.9 million ($0.30 per diluted share) in Q4 2024. Full‑year 2025 net income rose to $565.4 million ($1.56 per diluted share) from $459.3 million ($1.27 per diluted share) in 2024, driven by higher net interest income from growth in earning assets and a lower cost of funds. The partnership is expected to accelerate deposit growth and provide additional cross‑selling opportunities that will reinforce these positive financial trends.
Vincent J. Delie, Jr., Chairman, President and CEO of F.N.B. said, “FNB’s partnership with Penn State puts the full scope of our capabilities on display. Our strong history in State College, coupled with FNB’s investments in AI and digital innovation like eStore, differentiates our offering, and we are able to leverage technology to provide a unique solution that fulfills the diverse needs of the University’s students, employees and the broader community.” Michael Wade Smith, Penn State Senior Vice President for External Affairs, added, “We are pleased to welcome our new Keystone banking partner and look forward to the meaningful collaboration ahead. From the very beginning, FNB demonstrated a deep commitment to the vision and mission of our institution. Their spirit of innovation and shared dedication to advancing financial literacy, fostering entrepreneurship, and strengthening student engagement position this partnership for meaningful impact.”
The partnership positions F.N.B. to capture a significant share of Penn State’s financial ecosystem, potentially adding hundreds of millions of dollars in deposits and creating a pipeline for consumer, small‑business, and commercial banking services. The integration of eStore® will also showcase F.N.B.’s digital capabilities to a large, tech‑savvy audience, potentially accelerating adoption of its broader product suite and reinforcing the bank’s competitive positioning in the region.
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