Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Shareholder Meeting (April 2010)
71 slides from Fulton Financial's shareholder meeting presentation, Apr 30, 2010
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting April 30, 2010
Slide 2: Forward-looking statement
Forward-looking statement l The Corporation has made, and may continue to make, certain forward-looking statements with respect to its financial conditions and results of operations. l Many factors could affect future financial results, including without limitation: asset quality and the impact of a
Slide 3: Today's meeting
Today’s meeting • 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 mee
Slide 4: Annual Shareholders Meeting
Annual Shareholders Meeting April 30, 2010
Slide 5: Scott Smith – Welcome and Opening Remarks
Scott Smith Chairman and CEO Welcome and Opening Remarks
Slide 6: Today's agenda
Today’s agenda • Business Meeting – Proposals: • Election of directors • Approval of management compensation • Ratification of appointment of independent auditor – Introductions – Results of Voting – Conclusion of Business Meeting • Management Presentation • Questions and Answers
Slide 7: Fulton Financial Corporation website
FULTON FINANCIAL C YRPORATION NASDAQ S@P 500 Home » Contac Investor Relations Financial Services Resources Listening is just the beginning. ‘To consistently provide value to our customers, shareholders, emplayees, and communities... that’s the Fultan Financial way Fulton Financial Corporation is pro
Slide 8: Annual Shareholders Meeting
Annual Shareholders Meeting April 30, 2010
Slide 9: Fulton Financial Corporation
FULTON FINANCIAL CORPORATION
Slide 10: Jeffrey G. Albertson, Esq.
Jeffrey G. Albertson, Esq.
Slide 11: John M. Bond, Jr.
John M. Bond, Jr.
Slide 12: Donald M. Bowman, Jr.
Donald M. Bowman, Jr.
Slide 13: Dana A. Chryst
Dana A. Chryst
Slide 14: Hon. Craig A. Dally
Hon. Craig A. Dally
Slide 15: Patrick J. Freer
Patrick J. Freer
Slide 16: Rufus A. Fulton, Jr.
Rufus A. Fulton, Jr.
Slide 17: George W. Hodges
George W. Hodges
Slide 18: Willem Kooyker
Willem Kooyker
Slide 19: Donald W. Lesher, Jr.
Donald W. Lesher, Jr.
Slide 20: John O. Shirk, Esq.
John O. Shirk, Esq.
Slide 21: Gary A. Stewart
Gary A. Stewart
Slide 22: Phil Wenger
Phil Wenger
Slide 23: Fulton Financial Corporation
FULTON FINANCIAL CORPORATION
Slide 24: Charlie Nugent
Charlie Nugent
Slide 25: Jim Shreiner
Jim Shreiner
Slide 26: Craig Hill
Craig Hill
Slide 27: Craig Roda
Craig Roda
Slide 28: Scott Kintzing
Scott Kintzing
Slide 29: Fulton Financial Corporation
FULTON FINANCIAL CORPORATION
Slide 30: Jill Carson
Jill Carson
Slide 31: Dick Grafmyre
Dick Grafmyre
Slide 32: Dave Hanson
Dave Hanson
Slide 33: Steve Miller
Steve Miller
Slide 34: Curt Myers
Curt Myers
Slide 35: Gerry Nau
Gerry Nau
Slide 36: John Scaldara
John Scaldara
Slide 37: Angela Snyder
Angela Snyder
Slide 38: Randy Taylor
Randy Taylor
Slide 39: Mike Wimer
Mike Wimer
Slide 40: Report of Judge of Election
Report of Judge of Election
Slide 41: Annual Shareholders Meeting
Annual Shareholders Meeting April 30, 2010
Slide 42: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 43: Forbes Magazine
Forbes Magazine • 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 44: The Fulton Financial Team
The Fulton Financial Team
Slide 45: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 46: Phil Wenger, President and COO
Phil Wenger President and COO
Slide 47: Protecting the company
Protecting the company • Preserving capital through uncertain and unstable times
Slide 48: Quarterly cash dividend
Quarterly cash dividend • Very important to shareholders • Needed to retain more earnings • Reduced, but preserved, the dividend • Look to increase this in the future
Slide 49: Reducing expenses
Reducing expenses • 2007/2008 consolidations = 2009 benefits
Slide 50: Maryland
Maryland BALTIMORE WASHINGTON FREDERICK MONTGOMERY oO The Columbia Bank ANNE ARUNDEL el Hagerstown Trust B The Peoples Bank of Elkton PRINCE GEORGES
Slide 51: Fulton Financial Corporation - 2010
Fulton Financial Corporation - 2010
Slide 52: Weathering the storm
Weathering the storm • Increased FDIC assessment • Significant stock price decrease • Loan losses beyond our historical performance
Slide 53: Loan quality
Loan quality • Credit issues - major challenge in 2009 • Worked to address issues early • Managing commercial real estate portfolio carefully
Slide 54: Loan activity
Loan activity • We are lending! • Some credit-worthy customers did not want to borrow • Despite this, loans increased slightly
Slide 55: Customer experience
Customer experience WE WILL: • Care • Listen • Understand • Deliver
Slide 56: Measurement
Measurement • A variety of measurement systems in place • Measure key drivers of customer satisfaction • Strong results, and working to make them even stronger
Slide 57: Market share growth
Market share growth • Market share increased in 36 out of 53 counties served in our five-state market • Market share increased in 27 out of 31 counties served in PA, MD, and DE
Slide 58: Market share growth
Market share growth Due to: • Superior customer experience • Business development efforts • Customer segmentation • Marketing/promotions
Slide 59: Our Brand: Listening is just the beginning.
Our Brand: Listening is just the beginning. COMMUNITY BANKING SMALL BUSINESS HIGH NET WORTH RETAIL BANKING
Slide 60: Investments in our future
Investments in our future • Completion of major technology initiatives • Creation of the “School of Promise” • New branches opened • Added focus on small business • Relationship rewards
Slide 61: Phil Wenger, President and COO
Phil Wenger President and COO
Slide 62: Special Video Presentation
Special Video Presentation “My Journey” Words from our employees
Slide 63: Phil Wenger, President and COO
Phil Wenger President and COO
Slide 64: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 65: Headed in the right direction
¨ Headed in the right direction December 31, 2009: Gain of $53.8 million (31 cents per share)
Slide 66: Stock price
$6.50 $10.95 Stock price 4/30/09 4/28/10 Source: Yahoo! Inc.
Slide 67: First quarter 2010 earnings
First quarter 2010 earnings Net income: • Up 18 percent over previous quarter • Up 178 percent over first quarter of
Slide 68: Capital ratios
FFC with Cap. Purch. 14.70% 11.90% 9.70% 6.30% Ratio: Regulatory Well Capitalized FFC without Cap. Purch. 11.80% 9.00% 7.30% 6.30% Capital Tangible Common Equity Leverage Capital Tier 1 Risk-Based Capital Total Risk-Based Capital 5.00% 6.00% 10.00%
Slide 69: Scott Smith, Chairman and CEO
Scott Smith Chairman and CEO
Slide 70: Questions and answers
Questions and answers 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 71: Annual Shareholders Meeting
Annual Shareholders Meeting April 30, 2010