Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Q3 2026 Earnings Presentation
33 slides from Fulton Financial's earnings presentation, Oct 22, 2026
Slide 1: Investor Presentation
© 2026 Ful ton Financial Corporation. All rights reserved. Investor Presentation Data as of or for the period ended September 30, 2026, unless otherwise noted Please refer to the Glossary of Terms on slide [24] for the definitions of acronyms and capitalized terms used in this presentation. Certain
Slide 2: Forward-Looking Statements
© 2026 Ful ton Financial Corporation. All rights reserved. Forward-Looking Statements This presentation contains forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Forward-looking statements are any statement that does not relate to
Slide 3: Quarterly Financial Performance
© 2026 Ful ton Financial Corporation. All rights reserved. QUARTERLY FINANCIAL PERFORMANCE 3
Slide 4: Third Quarter 2026 Financial Highlights
© 2026 Ful ton Financial Corporation. All rights reserved. Third Quarter 2026 Financial Highlights GAAP Reported Operating(1) 3Q26 2Q26 3Q26 2Q26 Net Income Available to Common Shareholders (dollars in millions) $114.1 $99.9 $119.8 $115.9 ROAA (annualized) 1.33% 1.20% 1.40% 1.39% ROATCE (annualized;
Slide 5: Third Quarter 2026 Income Statement Summary
© 2026 Ful ton Financial Corporation. All rights reserved. Third Quarter 2026 Income Statement Summary 3Q26 2Q26 Linked-Quarter Change (dollars in thousands, except per-share data) Net interest income $290,035 $284,252 $5,783 Provision for credit losses 4,059 4,897 (838) Non-interest income before i
Slide 6: Net Interest Income
© 2026 Ful ton Financial Corporation. All rights reserved. Net Interest Income Highlights Average Interest-Earning Assets and Yields $6 $7 (billions) $6 $6 $6 • NIM was 3.58% in the third quarter of 2026, decreasing two $26 $26 bps compared to the second quarter of 2026. $24 $24 $24 5.93% 5.82% 5.80
Slide 7: Non-Interest Income Remains a Key Revenue Source at Over 20% of Total Revenue
© 2026 Ful ton Financial Corporation. All rights reserved. Non-Interest Income Remains a Key Revenue Source at Over 20% of Total Revenue Total Revenue Non-Interest Income Three months ended September 30, 2026 Three months ended September 30, 2026 7% Mortgage Banking 20% Consumer Banking Wealth Manag
Slide 8: Disciplined Management of Non-Interest Expense Drives Earnings
© 2026 Ful ton Financial Corporation. All rights reserved. Disciplined Management of Non-Interest Expense Drives Earnings Highlights Change Since (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 2Q26 Salaries and employee benefits $125,764 $120,184 $109,917 $121,632 $111,265 $5,580 • Operating non-in
Slide 9: Asset Quality
© 2026 Ful ton Financial Corporation. All rights reserved. Asset Quality Provision for Credit Losses NPAs and NPAs/Assets (millions) (millions) NCOs and NCOs/Average Loans ACL(1)/NPLs and ACL/Loans (millions) (1) The ACL relates specifically to “Loans, net of unearned income” and does not include re
Slide 10: Internal Capital Generation Enhancing Capital Ratios
© 2026 Ful ton Financial Corporation. All rights reserved. Internal Capital Generation Enhancing Capital Ratios(1) Highlights • Capital ratios remain well above regulatory minimums • Returned capital through $56.1 million of common share repurchases during the third quarter of 2026 • $58 million rem
Slide 11: 2026 Operating Guidance
© 2026 Ful ton Financial Corporation. All rights reserved. 2026 Operating Guidance Income Statement Line Item Expected Range Outlook Non-FTE NII(1) $1.125 – $1.135 billion Reflects low, single-digit organic loan growth plus Blue Foundry Bancorp Transaction [FTE Adjustment for NIM Calculation] [$16 -
Slide 12: Corporate Highlights
© 2026 Ful ton Financial Corporation. All rights reserved. CORPORATE HIGHLIGHTS 12
Slide 13: A Community Bank Strategy, Operating on a Regional Scale
© 2026 Ful ton Financial Corporation. All rights reserved. A Community Bank Strategy, Operating on a Regional Scale Our Differentiator: Customer Intimacy Execution of our strategic objectives has provided us with long-term growth in customers, exceptional customer experience and enhanced operational
Slide 14: A Growing and Well-Positioned Franchise
© 2026 Ful ton Financial Corporation. All rights reserved. A Growing and Well-Positioned Franchise • Approximately $35 billion in assets, 216 financial centers and more than 3,400 team members operating in a customer-dense Mid-Atlantic market(1) • Market capitalization of ~$4.2 billion (2) • Current
Slide 15: Robust and Scalable Product Suite
© 2026 Ful ton Financial Corporation. All rights reserved. Robust and Scalable Product Suite Commercial Consumer Business Treasury Wealth International Capital Mortgage Banking Banking Banking Management and Services Markets Banking Trust ROBUST INDUSTRY-LEADING NIMBLE PRODUCTS TECHNOLOGY COMPETITIV
Slide 16: We Do What is Right - Corporate Social Responsibility
© 2026 Ful ton Financial Corporation. All rights reserved. We Do What is Right - Corporate Social Responsibility • Our most recent Corporate Social Responsibility Report with key metrics is available at www.fultonbank.com/about-fulton-bank. • Integrity is fundamental to governance at Fulton. The Cor
Slide 17: A Balanced Business Model Delivering Strong Returns
© 2026 Ful ton Financial Corporation. All rights reserved. A Balanced Business Model Delivering Strong Returns Premier Franchise • A full-service commercial bank with robust treasury services, payment technology solutions, wealth management and full-service mortgage company that Provides • Ongoing i
Slide 18: A Diversified Loan Portfolio with Growth in Multiple Categories
© 2026 Ful ton Financial Corporation. All rights reserved. A Diversified Loan Portfolio with Growth in Multiple Categories Loan Mix By Product(1) $26.0 $24.0 $24.1 4% 3% 4% 4% 5% $21.4 6% 4% $20.3 5% 5% 5% $18.9 5% 6% $18.3 28% (billions) 4% 6% 5% 5% 4% 27% 6% 6% 26% 6% 6% 25% 17% 23% 21% 18% 19% 19
Slide 19: A Deposit Portfolio That is Granular, Tenured and Diversified
© 2026 Ful ton Financial Corporation. All rights reserved. A Deposit Portfolio That is Granular, Tenured and Diversified with Significant Liquidity Coverage Deposit Mix By Product(1) Highlights(2) • 921,785 deposit accounts • $31,499 average account balance $28.8 • Average account age of ~ten years
Slide 20: Fixed Rate Asset Repricing and a Premier Deposit Franchise
© 2026 Ful ton Financial Corporation. All rights reserved. Fixed Rate Asset Repricing(1) and a Premier Deposit Franchise Drive a Neutral Interest Rate Risk Profile Interest-Earning Assets Variable Rate Loans Fixed and Adjustable Asset Repricing Schedule (September 30, 2026) (millions) (millions) (2)
Slide 21: Mature and Growing Wealth Management Business
© 2026 Ful ton Financial Corporation. All rights reserved. Mature and Growing Wealth Management Business, Consistent Non-interest Income and Diversified Client Base Delivering Solid Results(1) Wealth Management AUM/AUA(2) $18.6 $17.4 $96.8 Million TTM(3) Non-Interest Income Five Year CAGR of 7% $16.
Slide 22: Consistent Fee Income Growth, Robust Suite of Commercial and Consumer Services
© 2026 Ful ton Financial Corporation. All rights reserved. Consistent Fee Income Growth, Robust Suite of Commercial and Consumer Services Commercial Non-Interest Income Cash Management $96,717 $92,038 $84,982 Optimized Account Framework $81,160 $75,779 20% and Exception Process; Multi- 21% $70,286 $
Slide 23: Solid Asset Quality Trends Through Many Cycles
© 2026 Ful ton Financial Corporation. All rights reserved. Solid Asset Quality Trends Through Many Cycles Quarterly Delinquency Trend (%) Quarterly NCO Trend (Annualized %) Sources: Top 100 Commercial Banks and All Commercial Banks - Board of Governors of the Federal Reserve System (Top 100 Commerci
Slide 24: Glossary of Terms
© 2026 Ful ton Financial Corporation. All rights reserved. Glossary of Terms Term/Acronym Defined As Term/Acronym Defined As ACL Allowance for credit losses FTE Fully taxable-equivalent AOCI Accumulated other comprehensive income Fulton or the Corporation Fulton Financial Corporation AUM Assets unde
Slide 25: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 25
Slide 26: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operati
Slide 27: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Sep 30 Jun 30 2026 2026 Operating ROAA(1) Net income $ 116,657 $ 102,414 Plus: CDI amortization 5,467 5,816 Plus: Acquisition-related expense 1,740 13,839 Plus: FultonFirst im
Slide 28: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Sep 30 Jun 30 2026 2026 Operating ROATCE(1) Net income available to common shareholders $ 114,095 $ 99,852 Plus: Intangible amortization 5,561 5,910 Plus: Acquisition-related
Slide 29: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Sep 30 Jun 30 2026 2026 Operating non-interest expense to total average assets(1) Non-interest expense $ 218,517 $ 230,954 Less: Intangible amortization (5,561) (5,910) Less:
Slide 30: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Sep 30 Jun 30 2026 2026 Operating PPNR to average assets(1) Plus: NII $ 290,035 $ 284,252 Plus: Non-interest income 77,225 79,306 Less: Non-interest expense (218,517) (230,954
Slide 31: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Sep 30 Jun 30 Mar 31 Dec 31 Sep 30 2026 2026 2026 2025 2025 Efficiency ratio Non-interest expense $ 218,517 $ 230,954 $ 200,294 $ 212,986 $ 196,574 Less: Acquisition-related e
Slide 32: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation (dollars in thousands) Sep 30 Jun 30 2026 2026 Tangible common shareholders' equity Shareholders' equity $ 3,686,752 $ 3,815,813 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (627,923)
Slide 33: Non-GAAP Reconciliation
© 2026 Ful ton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands, except per share data) Sep 30 Sep 30 2026 2021 TBV per share Shareholders' equity $ 3,686,752 $ 2,699,818 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangib