---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-164746"
form_type: "8-K"
ticker: "FNB"
cik: "0000037808"
company_name: "FNB CORP/PA/"
filed_at: "2022-06-01T23:59:59+00:00"
generated_at: "2026-06-25T05:38:50.461248+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FNB acquires UB Bancorp for $117M all-stock; ~2% EPS accretive

## Summary
- All-stock deal valued at $117M ($19.56/share); exchange ratio 1.61 FNB shares per UBNC share.
- UB Bancorp has $1.2B assets, $1.0B deposits (40% NIB), $0.7B loans as of March 31, 2022.
- Expected close late 2022; ~2% EPS accretive, <1% TBV dilution, ~2-year earnback, IRR >30%.
- Pro forma FNB: ~$43B assets, ~$35B deposits; top-10 NC deposit share in 7 of 10 largest MSAs.
- Management expects neutral CET1 impact; deal does not affect previously announced buyback.

## SEC filing metadata
- accession: 0001193125-22-164746
- form_type: 8-K
- ticker: FNB
- cik: 0000037808
- company_name: FNB CORP/PA/
- filed_at: 2022-06-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37808/000119312522164746/0001193125-22-164746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37808/000119312522164746/d341009d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-164746
- JSON: https://secwatch.observer/filing/0001193125-22-164746.json
- Plain text: https://secwatch.observer/filing/0001193125-22-164746.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.