Fulton Financial Corporation · NASDAQ:FULT

Fulton Financial — Q1 2026 Earnings Presentation

34 slides from Fulton Financial's earnings presentation, Apr 23, 2026

  1. Slide 1: Investor Presentation

    © 2026 Fulton Financial Corporation. All rights reserved. Investor Presentation Data as of or for the period ended March 31, 2026, unless otherwise noted

  2. Slide 2: Forward-Looking Statements

    © 2026 Fulton 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. Do not unduly rely on forward-looking statements. Forward-looking stat

  3. Slide 3: Quarterly Financial Performance

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

  4. Slide 4: First Quarter 2026 Financial Highlights

    © 2026 Fulton Financial Corporation. All rights reserved. First Quarter 2026 Financial Highlights (1) GAAP Reported Operating 1Q26 4Q25 1Q26 4Q25 Net Income Available to Common Shareholders (dollars in millions) $92.2 $96.4 $99.7 $99.4 ROAA (annualized) 1.20% 1.23% 1.30% 1.27% ROATCE (annualized; no

  5. Slide 5: First Quarter 2026 Income Statement Summary

    © 2026 Fulton Financial Corporation. All rights reserved. First Quarter 2026 Income Statement Summary 1Q26 4Q25 Linked-Quarter Change (dollars in thousands, except per-share data) Net interest income $262,023 $266,042 ($4,019) Provision for credit losses 14,442 2,948 11,494 Non-interest income befor

  6. Slide 6: Net Interest Income

    © 2026 Fulton Financial Corporation. All rights reserved. Net Interest Income Highlights Average Interest-Earning Assets and Yields (billions) • NIM was 3.58% in the first quarter of 2026, decreasing one bps compared to the fourth quarter of 2025. • Loan yield of 5.70% decreased 12 bps during the fi

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

    © 2026 Fulton 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 3/31/26 Three months ended 3/31/26 Wealth Management AUM/AUA in excess of $17 billion Robust Commercial Fee Inc

  8. Slide 8: Disciplined Management of Non-Interest Expense Drives Earnings

    © 2026 Fulton Financial Corporation. All rights reserved. Disciplined Management of Non-Interest Expense Drives Earnings Highlights Change Since (dollars in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 Salaries and employee benefits $109,917 $121,632 $111,265 $107,123 $103,526 ($11,715) • Salaries and e

  9. Slide 9: Asset Quality

    © 2026 Fulton 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 inc

  10. Slide 10: Internal Capital Generation Enhancing Capital Ratios

    © 2026 Fulton Financial Corporation. All rights reserved. Internal Capital Generation Enhancing Capital Ratios(1) Highlights • Increasing regulatory capital ratios provide operational and strategic flexibility • Tangible capital (2) increased linked quarter by $20 million • AOCI of ($222) million at

  11. Slide 11: 2026 Operating Guidance

    © 2026 Fulton Financial Corporation. All rights reserved. 2026 Operating Guidance(1) Income Statement Line Item Expected Range Outlook Non-FTE NII(2) $1.120 – $1.140 billion Reflects mid single-digit organic loan growth plus Blue Foundry Bancorp acquisition [FTE Adjustment for NIM Calculation] [$16

  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 Our Differentiator: Customer Intimacy Execution of our Strategic Objectives has provided us with long-term growth in customers, exceptional customer experience and enhanced operational

  14. Slide 14: A Growing and Well-Positioned Franchise

    © 2026 Fulton Financial Corporation. All rights reserved. A Growing and Well-Positioned Franchise • $32 billion in assets, approximately 200 financial centers, 200 commercial sales professionals, 100 mortgage loan officers, and more than 3,300 team members operating in a customer-dense Mid-Atlantic

  15. Slide 15: Robust and Scalable Product Suite

    © 2026 Fulton 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 COMPETITIVE

  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 • Our most recent Corporate Social Responsibility Report with key metrics is available at fultonbank.com/about-fulton-bank. • Integrity is fundamental to governance at Fulton. The Corporat

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

    © 2026 Fulton 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 in

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

    © 2026 Fulton Financial Corporation. All rights reserved. A Diversified Loan Portfolio with Growth in Multiple Categories Loan Mix By Product(1) Highlights • The loan portfolio has grown $5.4 billion since 2020 • A balanced loan mix enhanced by 2022 and 2023 adjustable-rate mortgage growth outpacing

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

    © 2026 Fulton 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) • 878,495 deposit accounts • $30,919 average account balance • Average account age of ~ten years • 24% n

  20. Slide 20: History of Prudently Managing Deposit Costs During Fed Easing Cycles

    © 2026 Fulton Financial Corporation. All rights reserved. History of Prudently Managing Deposit Costs During Fed Easing Cycles With Strategies in Place to Drive a Neutral Interest Rate Risk Position Historical Deposit Costs and Loan and Deposit Betas(1) Highlights • Managed deposit costs to a 42% be

  21. Slide 21: Fixed Rate Asset Repricing Drives a Neutral Interest Rate Risk Profile

    © 2026 Fulton Financial Corporation. All rights reserved. Fixed Rate Asset Repricing(1) Coupled With a Premier Deposit Franchise Drives a Neutral Interest Rate Risk Profile Interest Earning Assets Variable Rate Loans Fixed and Adjustable Asset Repricing Schedule (March 31, 2026) (millions) (millions

  22. Slide 22: Mature and Growing Wealth Management Businesses

    © 2026 Fulton Financial Corporation. All rights reserved. Mature and Growing Wealth Management Businesses, Consistent Non-interest Income and Diversified Client Base Delivering Solid Results(1) Wealth Management AUM/AUA(2) $93.3 Million TTM(3) Non-Interest Income Five Year CAGR of 9% (billions) Five

  23. Slide 23: Material and Consistent Fee Income, Robust Suite of Commercial and Consumer Services

    © 2026 Fulton Financial Corporation. All rights reserved. Material and Consistent Fee Income, Robust Suite of Commercial and Consumer Services Commercial Non-Interest Income Cash Management Optimized Account Framework and Exception Process; Multi- (thousands) Channel Distribution Strategy Merchant a

  24. Slide 24: Solid Asset Quality Trends Through Many Cycles

    © 2026 Fulton 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 Commercia

  25. Slide 25: Glossary of Terms

    © 2026 Fulton Financial Corporation. All rights reserved. Glossary of Terms Term/Acronym Defined As Term/Acronym Defined As ACL Allowance for credit losses M&A Mergers and acquisitions AOCI Accumulated other comprehensive income NCO Net charge-off AUM Assets under management NII Net interest income

  26. Slide 26: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 26

  27. Slide 27: Non-GAAP Reconciliation

    © 2026 Fulton 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 operatio

  28. Slide 28: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 2026 2025 Operating ROAA(1) Net income $ 94,761 $ 98,970 Less: Other(2) - (4,989) Plus: CDI amortization 5,255 5,255 Plus: Acquisition-related expense 2,644 802 P

  29. Slide 29: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 2026 2025 Operating ROATCE (1) Net income available to common shareholders $ 92,199 $ 96,408 Less: Other(2) - (4,989) Plus: Intangible amortization 5,349 5,365 Pl

  30. Slide 30: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 2026 2025 Operating non-interest expense to total average assets (1) Non-interest expense $ 200,294 $ 212,986 Less: Intangible amortization (5,349) (5,365) Less:

  31. Slide 31: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 2026 2025 Operating PPNR to average assets (1) Plus: NII $ 262,023 $ 266,042 Plus: Non-interest income 69,841 69,980 Less: Non-interest expense (200,294) (212,985

  32. Slide 32: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 2026 2025 2025 2025 2025 Efficiency ratio Non-interest expense $ 200,294 $ 212,986 $ 196,574 $ 192,811 $ 189,460 Less: Acquisition-related ex

  33. Slide 33: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Mar 31 Dec 31 2026 2025 Tangible common shareholders' equity Shareholders' equity $ 3,505,283 $ 3,490,447 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangibl

  34. Slide 34: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands, except per share data) Mar 31 Mar 31 2026 2021 TBV per share Shareholders' equity $ 3,505,283 $ 2,629,655 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangibl

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