Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Shareholder Meeting (May 2021)
17 slides from Fulton Financial's shareholder meeting presentation, May 25, 2021
Slide 1: Virtual Annual Meeting May 25, 2021
z Virtual Annual meeting May 25, 2021 Exhibit 99.1
Slide 2: Business Meeting
E. Philip Wenger Chairman and CEO Business Meeting
Slide 3: Today's Agenda
Business Meeting Proposals: Election of Directors Say on Pay Resolution Ratification of appointment of KPMG, LLC as Fulton’s independent auditor Introductions Results of Voting Conclusion of Business Meeting Management Presentation Questions and Answers Today’s Agenda
Slide 4: Board of Directors
Board of Directors 6. A 4} 4 Phil Wenger Chairman & CEO ? Jennifer Craighead Carey Lisa Crutchfield Denise Devine q z George Martin Rob Moxley Scott Snyder X ers President & COO Steven Etter Ron Spair Carlos Graupera Mark Strauss FULTON FINANCIAL Ernie Waters
Slide 5: Director Changes
THANK YOU to our retiring director: Pat Freer George Martin WELCOME to our newest director: Director Changes
Slide 6: Today's Agenda
Business Meeting Proposals: Election of Directors Say on Pay Resolution Ratification of appointment of KPMG, LLC as Fulton’s independent auditor Introductions Results of Voting Conclusion of Business Meeting Management Presentation Questions and Answers Today’s Agenda
Slide 7: Report of the Judge of Election
Daniel R. Stolzer Corporate Secretary Report of the Judge of Election
Slide 8: Forward-looking statements
This presentation may contain 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 statements can be identified by the use of words such as "may," "should," "will," "cou
Slide 9: Senior Management
Senior Management FULTON FINANCIAL COR! ATION
Slide 10: 2020 Highlights
Provided PPP loans to more than 10,000 customers Average deposit growth of 15.7% Diversified our fee income Asset quality remained stable Average loan growth of 11.2% Acquired BenefitWorks, Inc. Implemented cost saving initiatives expected to result in a $25 million reduction in annual operating exp
Slide 11: 1st Quarter 2021 Performance
Earnings per share: $0.43 Increased the quarterly cash dividend by 7.7% over the prior quarter Continued strong PPP funding Average loan growth: (0.1)% Asset quality remained stable Average deposit growth: 1.6% Diversified revenue sources Strong mortgage business and pipeline Continued growth in Wea
Slide 12: Stock Performance
Stock Price Change FULT Peer (1) Large Banks (2) December 31, 2017 – December 31, 2020 -28.9% -13.7% -10.9% December 31, 2019 – December 31, 2020 -27.0% -14.1% -15.4% Proxy Peer Median Change; See “Appendix” for listing of 2020 Peer Group banks Median Price change of Large Banks, which consist of: B
Slide 13: Analysts' Recommendations
Boenning & Scattergood, Inc.Neutral D.A. Davidson & Co.Neutral Hovde Group, LLCMarket Perform Jefferies LLCHold Keefe, Bruyette & Woods, Inc.Market Perform Raymond James & Associates, Inc.Market Perform Piper Sandler Neutral StephensEqual Weight Hold = Neutral = Market Perform = Equal Weight Analyst
Slide 14: E. Philip Wenger, Chairman and CEO
E. Philip Wenger Chairman and CEO
Slide 15: Appendix
Appendix
Slide 16: 2020 Peer Group
Atlantic Union Bankshares Corp. BancorpSouth Bank Commerce Bancshares, Inc. First Midwest Bancorp, Inc. F.N.B. Corp. Hancock Whitney Corporation Investors Bancorp, Inc. Northwest Bancshares, Inc. Old National Bancorp Prosperity Bancshares Provident Financial Services, Inc. Trustmark Corp. UMB Financ
Slide 17: Virtual Annual Meeting May 25, 2021
z Virtual Annual meeting May 25, 2021