Fulton Financial Corporation · NASDAQ:FULT

Fulton Financial — Q3 2026 Earnings Presentation

33 slides from Fulton Financial's earnings presentation, Oct 21, 2026

  1. Slide 1: Investor Presentation

    © 2026 Fulton 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 f

  2. Slide 2: Forward-Looking Statements

    © 2026 Fulton Financial Corporation. All rights reserved. Forward-Looking Statements 2 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

  3. Slide 3: Quarterly Financial Performance

    © 2026 Fulton Financial Corporation. All rights reserved. QUARTERLY FINANCIAL PERFORMANCE 3

  4. Slide 4: Third Quarter 2026 Financial Highlights

    © 2026 Fulton Financial Corporation. All rights reserved. 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; non-GAAP) -- -- 15.94% 15.71% Efficiency

  5. Slide 5: Income statement summary, 3Q26 vs 2Q26

    © 2026 Fulton Financial Corporation. All rights reserved. 3Q26 2Q26 Linked-Quarter Change Net interest income $290,035 $284,252 $5,783 Provision for credit losses 4,059 4,897 (838) Non-interest income before investment securities gains (losses) 77,225 79,306 (2,081) Investment securities gains (loss

  6. Slide 6: Net Interest Income

    © 2026 Fulton Financial Corporation. All rights reserved. $264 $266 $262 $284 $290 3.57% 3.59% 3.58% 3.60% 3.58% 3Q25 4Q25 1Q26 2Q26 3Q26 NII NIM (FTE basis) $24 $24 $24 $26 $26 $6 $6 $6 $6 $7 5.51% 5.40% 5.31% 5.40% 5.41% 5.93% 5.82% 5.70% 5.80% 5.82% 3Q25 4Q25 1Q26 2Q26 3Q26 Loans Securities and O

  7. Slide 7: Non-Interest Income Remains a Key Revenue Source at Over 20% of Total Revenue

    © 2026 Fulton Financial Corporation. All rights reserved. (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 Change Since 2Q26 Wealth management $25,257 $23,139 $24,496 $23,879 $22,639 $2,118 Commercial banking 24,976 24,822 22,806 24,113 23,165 154 Consumer banking 15,660 15,345 14,176 15,442 15,174 3

  8. Slide 8: Non-Interest Expense

    © 2026 Fulton Financial Corporation. All rights reserved. (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 Change Since 2Q26 Salaries and employee benefits $125,764 $120,184 $109,917 $121,632 $111,265 $5,580 Data processing and software 20,898 20,419 18,662 19,695 18,535 479 Net occupancy 18,714 17,8

  9. Slide 9: Asset Quality

    © 2026 Fulton Financial Corporation. All rights reserved. Asset Quality 9 NPAs and NPAs/AssetsProvision for Credit Losses ACL(1)/NPLs and ACL/LoansNCOs and NCOs/Average Loans (m ill io ns ) (m ill io ns ) (m ill io ns ) (1) The ACL relates specifically to “Loans, net of unearned income” and does not

  10. Slide 10: Internal Capital Generation Enhancing Capital Ratios

    © 2026 Fulton Financial Corporation. All rights reserved. Internal Capital Generation Enhancing Capital Ratios(1) 10 (4) (m ill io ns ) • Capital ratios remain well above regulatory minimums • Returned capital through $56.1 million of common share repurchases during the third quarter of 2026 • $58 m

  11. Slide 11: 2026 Operating Guidance

    © 2026 Fulton Financial Corporation. All rights reserved. 2026 Operating Guidance 11 Non-FTE NII(1) [FTE Adjustment for NIM Calculation] [Purchase Accounting Accretion] $1.125 – $1.135 billion [$16 - $18 million] [~$50 million] Reflects low, single-digit organic loan growth plus Blue Foundry Bancorp

  12. Slide 12: Corporate Highlights

    © 2026 Fulton Financial Corporation. All rights reserved. CORPORATE HIGHLIGHTS 12

  13. Slide 13: A Community Bank Strategy, Operating on a Regional Scale

    © 2026 Fulton Financial Corporation. All rights reserved. A Community Bank Strategy, Operating on a Regional Scale 13 Execution of our strategic objectives has provided us with long-term growth in customers, exceptional customer experience and enhanced operational metrics, delivering results to our

  14. Slide 14: Company overview and key facts

    © 2026 Fulton Financial Corporation. All rights reserved. • 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 valuation(2) of 10.2x TTM diluted EPS of

  15. Slide 15: Robust and Scalable Product Suite

    © 2026 Fulton Financial Corporation. All rights reserved. Robust and Scalable Product Suite 15 Commercial Banking Consumer Banking Business Banking Treasury Management Wealth and Trust International Services Capital Markets Mortgage Banking • Significant technology spend over the past six years • Fo

  16. Slide 16: We Do What is Right - Corporate Social Responsibility

    © 2026 Fulton Financial Corporation. All rights reserved. We Do What is Right - Corporate Social Responsibility 16 • 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 C

  17. Slide 17: A Balanced Business Model Delivering Strong Returns

    © 2026 Fulton Financial Corporation. All rights reserved. A Balanced Business Model Delivering Strong Returns 17 • Non-interest income as a percentage of revenue of approximately 21% • Wealth management accounts for approximately 33% of total non-interest income, delivering a 7% five-year TTM CAGR,

  18. Slide 18: A Diversified Loan Portfolio with Growth in Multiple Categories

    © 2026 Fulton Financial Corporation. All rights reserved. 38% 40% 38% 38% 40% 41% 42% 30% 23% 22% 21% 19% 19% 18% 17% 21% 23% 25% 26% 27% 28% 6% 6% 6% 5% 5% 5% 5% 5% 6% 6% 6% 6% 4% 3% 4% 4% 5% 5% 4% 4% 4% $18.9 $18.3 $20.3 $21.4 $24.0 $24.1 $26.0 2020 2021 2022 2023 2024 2025 2026 YTD Commercial Mor

  19. Slide 19: A Granular, Tenured and Diversified Deposit Portfolio

    © 2026 Fulton Financial Corporation. All rights reserved. 31% 34% 34% 25% 21% 20% 18% 28% 27% 26% 27% 30% 30% 29% 28% 30% 31% 31% 30% 32% 34%2% 1% 1% 5% 3% 3% 2% 11% 8% 8% 12% 16% 15% 17% $20.8 $21.6 $20.6 $21.5 $26.1 $26.6 $28.8 2020 2021 2022 2023 2024 2025 2026 YTD Time Deposits Brokered Savings

  20. Slide 20: Fixed Rate Asset Repricing and Premier Deposit Franchise

    © 2026 Fulton Financial Corporation. All rights reserved. Fixed Rate Asset Repricing(1) and a Premier Deposit Franchise Drive a Neutral Interest Rate Risk Profile 20 Interest-Earning Assets 20 (September 30, 2026) Interest-Bearing Liabilities(3) (September 30, 2026) Variable Rate Loans Non-maturity

  21. Slide 21: Mature and Growing Wealth Management Business

    © 2026 Fulton Financial Corporation. All rights reserved. 38% 39% 39% 40% 40% 42% 43% 46% 44% 43% 41% 40% 37% 36% 16% 17% 18% 19% 20% 21% 21% $12.8 $14.6 $13.5 $14.8 $16.2 $17.4 $18.6 2020 2021 2022 2023 2024 2025 2026 YTD Mass Affluent Institutional High Net Worth / Private Banking Mature and Growi

  22. Slide 22: Consistent Fee Income Growth, Robust Commercial and Consumer Services

    © 2026 Fulton Financial Corporation. All rights reserved. 48% 52% 50% 56% 55% 55% 55% 30% 28% 31% 24% 25% 26% 26% 22% 20% 19% 20% 20% 19% 19% $41,598 $45,544 $49,496 $47,197 $55,504 $58,212 $60,623 2020 2021 2022 2023 2024 2025 TTM Card Overdraft Other Consumer Banking 33% 38% 38% 36% 34% 30% 29% 27

  23. Slide 23: Solid Asset Quality Trends Through Many Cycles

    © 2026 Fulton Financial Corporation. All rights reserved. Solid Asset Quality Trends Through Many Cycles 23 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 Commer

  24. Slide 24: Glossary of Terms

    © 2026 Fulton Financial Corporation. All rights reserved. Glossary of Terms 24 Term/Acronym Defined As ACL Allowance for credit losses AOCI Accumulated other comprehensive income AUM Assets under management AUA Assets under administration Blue Foundry Bancorp Transaction On April 1, 2026, the Corpor

  25. Slide 25: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 25

  26. Slide 26: Non-GAAP Reconciliation: Operating net income per share

    © 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Sep 30 Jun 30 2026 2026 Operating net income available to common shareholders Net income available to common shareholders $ 114,095 $ 99,852 Plus: CDI amortization 5,467 5,816 Plus: Acquisition-relate

  27. Slide 27: Non-GAAP Reconciliation: Operating ROAA

    © 2026 Fulton Financial Corporation. All rights reserved. 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 implementation and asset di

  28. Slide 28: Non-GAAP Reconciliation: Operating ROATCE

    © 2026 Fulton Financial Corporation. All rights reserved. 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 expense 1,740 13,839 Plus

  29. Slide 29: Non-GAAP Reconciliation: Operating non-interest expense to average assets

    © 2026 Fulton Financial Corporation. All rights reserved. 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: Acquisition-related expen

  30. Slide 30: Non-GAAP Reconciliation: Operating PPNR to average assets

    © 2026 Fulton Financial Corporation. All rights reserved. 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) Plus: CDI amortization

  31. Slide 31: Non-GAAP Reconciliation: Efficiency ratio

    © 2026 Fulton Financial Corporation. All rights reserved. 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 expense (1,740) (13,839) (

  32. Slide 32: Non-GAAP Reconciliation: Tangible common shareholders' equity

    © 2026 Fulton Financial Corporation. All rights reserved. (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) (633,485) Tangible commo

  33. Slide 33: Non-GAAP Reconciliation: TBV per share

    © 2026 Fulton Financial Corporation. All rights reserved. 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 intangible assets (627,923) (536,

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