Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Shareholder Meeting (April 2011)
78 slides from Fulton Financial's shareholder meeting presentation, Apr 28, 2011
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
Slide 2: Forward-looking statements
} Please remember that during today’s program, representatives of Fulton may make forward-looking statements with respect to Fulton’s financial condition, results of operations and business. } These forward-looking statements are not guarantees of future performance and are subject to risks, uncerta
Slide 3: Meeting rules and conduct
} Tape recorders and cameras are not permitted in the meeting. } The display of placards and signs is prohibited. } Please be considerate of others -- silence or turn off your cell phone during the meeting. } Any questions and comments should be directed to the chairperson of the meeting during the
Slide 4: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 5: Business Meeting
} Business Meeting ◦ Proposals: – Election of directors – Directors’ Equity Plan – Say on Pay – Say “When” on Pay – Ratification of appointment of independent auditor ◦ Introductions ◦ Results of Voting ◦ Conclusion of Business Meeting } Management Presentation } Questions and Answers
Slide 6: Fulton Financial Corporation Investor Relations
FULTON FINANCIAL CORPORATION Investor Relations Corporate Profile Investor Relations Basis Calculator Corporate Profile Covering Analysts Credit Ratings Deposit Marketshare Dividend Reinvestment Plan Documents Email Notification Event Calendar Financial Highlights Frequently Asked Questions Governan
Slide 7: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
Slide 8: Board of Directors
Board of Directors FULTON FINANCIAL CORPORATION
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Slide 22: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
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Slide 29: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
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Slide 39: Report of the Judge of Elections
Report of the Judge of Elections Annual Shareholders’ Meeting April 28, 2011
Slide 40: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
Slide 41: Phil Wenger, President and COO
Phil Wenger President and COO
Slide 42: A Look Back at 2010
A Look Back at 2010
Slide 43: Earnings per Share growth
Earnings per Share growth cece: sv Company Name Ticker 2009 City National Corporation CYN (76.3) Susquehanna Bancshares, Inc. SUSQ (105.3) Old National Bancorp ONB (85.3) Associated Banc-Corp (197.7) (41.9) citizens Republic Bancorp 36.0 (423.3) First Citizens BancShares, Inc. 27.7 (16.1) First Midw
Slide 44: Net income growth
Net income growth Company Name (Source: 2010 2009 2008 [Old National Bancorp [City National Corporation Susquehanna Bancshares, Inc. ITCF Financial Corporation First Citizens BancShares, Inc. First Midwest Bancorp, Inc. [Citizens Republic Bancorp [Commerce Bancshares, Inc. Bank of Hawaii Corporation
Slide 45: Core deposit growth
Core deposit growth (Source: SNL) Company Name 2009 2008 2007 2006 Cullen/Frost Bankers, Inc. FirstMerit Corporation City National Corporation First Citizens BancShares, Inc. Fulton Financial Corporation Associated Banc-Corp First Midwest Bancorp, Inc. Susquehanna Bancshares, Inc. [Commerce Bancshar
Slide 46: Average loan growth
Average loan growth (Source: SNL) Company Name i 2008 2007—~ 2006 FirstMerit Corporation 2.5 2.8 First Citizens BancShares, Inc. 5.4 5.6 [City National Corporation E E ia 12.1 TCF Financial Corporation i 2 77 10.9 UMB Financial Corporation x E 9.2 14.5 First Midwest Bancorp, Inc. i ! Ls 15.5 Susqueh
Slide 47: Efficiency ratio
Efficiency ratio (Source: 5 Company Name Ticker [2010 2009 2008 2007 Fulton Financial Corporation FULT 53.5 57.9 56.5 61.3 inited Bankshares, Inc. g r x g Bank of Hawaii Corporation BOH 56.3 52.2 54.0 52.2 Trustmark Corporation TRMK 56.5 54.5 55.6 57.2 valley National Bancorp vLy 56.7 56.4 55.3 51.9
Slide 48: Mortgage banking growth
} Mortgage banking growth ◦ Strong refinance activity } Expense control } Expansion of net interest margin
Slide 49: Hindered greater success
} Hindered greater success } Reduced the number of financial institutions In 2010: 355 fewer depository institutions In 2011: 28 failed banks as of 3/31/11
Slide 50: Loan growth sluggish
} Loan growth sluggish } Customers continue to be cautious } Some customers unable to pay us } Credit costs continue to impact performance
Slide 51: Despite challenges, your company continues to move forward
} Despite challenges, your company continues to move forward
Slide 52: Successful $230 million stock offering
} Successful $230 million stock offering } Paid back $376.5 million in TARP funds to the U.S. Department of the Treasury } Purchased the associated warrant
Slide 53: Capital adequacy (12/31/10)
Capital adequacy (12/31/10) FULTON Basel Ill FINANCIAL Regulatory Min. Total Risk-Based Capital Ratio 14.20% 10.50% Tier 1 Risk-Based Capital Ratio (2) 11.60% 8.50% Leverage Capital Ratio 9.40% TBD Common Equity Ratio (3) 10.20% 7.00% Tangible Common Equity Ratio (4) 8.50% NA (1) Fully-phased in req
Slide 54: Peer bank ranking table
1_|First Horizon National Corporation FHN 1™N 31 12 inanci i TCR aN 22 B 3___|Fulton Financial Corporation FULT PA 15 ia 5 _|People's United Financial, Inc. PBCT CT 19 6 6 Synovus Financial Corp. SNV GA 30 6 7__|First Niagara Financial Group, Inc. FNFG NY 13 5 8 _|Webster Financial Corporation wes C
Slide 55: Named one of the nation's 100 Most Trustworthy Companies
} Fulton Financial named one of the nation’s “100 Most Trustworthy Companies” } Selected from over 8,000 publicly held companies } The only bank included in Large-Cap or Mid-Cap company lists } One of only four banks on entire list
Slide 56: Years on Nasdaq Exchange
25 years on Nasdaq Exchange __
Slide 57: Raised the cash dividend in March
} Raised the cash dividend in March } Looking to raise it again as economy gains strength
Slide 58: The Bank
DD The Bank IB The Columbia Bank 1 FNB Bank, N.A. IB Fulton Bank, N.A. Bi Lafayette Ambassador Bank BB Skylands Community Bank 1B Swineford National Bank
Slide 59: Community banking model
Is NOT about: } size or structure IS about: } deep and sustainable relationships } local decision-making } first-hand knowledge of local banking needs Enables us to be: } Consistent in supporting customers } Flexible in service delivery } Unwavering in community support
Slide 60: We will care, listen, understand, and deliver
WE WILL CARE, LISTEN, UNDERSTAND, AND DELIVER.
Slide 61: The regulatory environment
The regulatory environment
Slide 62: 900+ pages of additional rules
} 900+pages } 250 additional rules for the banking industry } We support the beneficial regulatory changes } We are opposed to those items that maybe harmful to Fulton and our customers } By adapting more quickly, we can focus our attention elsewhere - working to outperform our competitors
Slide 63: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 64: Total return 2007-2010
Total return 2007-2010 -~@Fulton vu = G > x uv 3 = -w Peer Avg. 2008 Year 2009
Slide 65: Strong performance continues
} Strong performance continues } Net income: $33.8 million or 17 cents per diluted share } 5% decrease in provision for credit losses from 4 th quarter 2010 } Non-performing loans decreased $10.78 million or 3.3% from 4 th quarter 2010
Slide 66: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
Slide 67: Fulton Financial Corporation peer ranking
Fulton Financial Corporation ‘inancial Corporation Commerce Bancshares, Inc. [Associated Bane-Corp Valley National Bancorp First Niagara Financial Group, Inc, BancorpSouth, Inc. BOK Financial Corporation Susquehanna Bancshares, Inc. |Cullen/Frost Bankers, Inc. First Horizon National Corporation| Cit
Slide 68: 1st quarter stock price change - Large banks
1 st quarter stock price change - Large banks Average 0.4% 1.6%
Slide 69: 1st quarter stock price change - Selected indices
1 st quarter stock price change - Selected indices Closing Price Price Change Since Rank Company Name 3/31/2011 12/31/2010 3/31/2010 12/31/2010 3/31/2010 Average 2.2% 4.3% Average Bank Indices 0.1% 0.1% Fulton Financial Corporation $11.11 $10.34 $10.20 7.4% 8.9% Dow Jones Industrials $12,319.73 $11,
Slide 70: Large bank peer ranking
[Associated Bane-Corp |Cullen/Frost Bankers, Inc. (City National Corporation |Commerce Bancshares, Inc. 'TCF Financial Corporation BOK Financial Corporation First Niagara Financial Group, Inc. Valley National Bancorp [Susquehanna Bancshares, Inc. UMB Financial Corporation First Horizon National Corp
Slide 71: Stock price change - Large banks
Stock price - 12 month change - Large banks Closing Price Price Change Since Rank Company Name 3/31/2011 12/31/2010 3/31/2010 12/31/2010 3/31/2010 Average 0.4% 1.6% Median 0.3% 3.0% Fulton Financial Corporation $11.11 $10.34 $10.20 7.4% 8.9% KeyCorp $8.88 $8.85 $7.75 0.3% 14.6% SunTrust Banks, Inc.
Slide 72: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 73: Board Governance Activity
Board Governance Activity
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Slide 76: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011
Slide 77: Please remember to
Please remember to: } Use the microphones in front of room } Ask only one question to give other shareholders a chance } State your name before you ask your question
Slide 78: Annual Shareholders' Meeting
Annual Shareholders’ Meeting April 28, 2011