Slide 1: 2016 Third Quarter Results
D A T A A S O F S E P T E M B E R 3 0 , 2 0 1 6 U N L E S S O T H E R W I S E N O T E D 2016 THIRD QUARTER RESULTS NASDAQ: FULT
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements with respect to Fulton Financial 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 wor
Slide 3: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS Diluted Earnings Per Share: $0.24 in 3Q16, 4.3% increase from 2Q16 and 20.0% increase from 3Q15 Pre-Provision Net Revenue(1): $58.9 million, 10.4% increase from 2Q16 and 19.0% increase from 3Q15 Linked Quarter Loan and Core Deposit Growth: 1.8% increase in average loans, whi
Slide 4: Income Statement Summary
INCOME STATEMENT SUMMARY Net Income of $41.5 million; a 4.3% increase from 2Q16 and a 21.1% increase from 3Q15. Earnings per share increased 4.3% from 2Q16 and 20.0% from 3Q15. Net Interest Income From 2Q16: Increase of 1.3%, reflecting the impact of loan growth and an additional day in the qu
Slide 5: Net Interest Income and Margin
NET INTEREST INCOME AND MARGIN Net Interest Income & Net Interest Margin ~ $730 million ~ $610 million $125.7 $127.8 $129.1 $128.9 $130.6 3.18% 3.19% 3.23% 3.20% 3.14% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2
Slide 6: Asset Quality
ASSET QUALITY ($ IN MILLIONS) 6 Provision for Credit Losses Non-Performing Loans (NPLs) & NPLs to Loans 116.81% 118.37% 121.05% 129.26% 119.59% 1.25% 1.24% 1.20% 1.17% 1.15% 0.00% 1.00% 2.00% 3.00% 0.0% 25.0% 50.0% 75.0% 100.0% 125.0% 150.0% Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Allowance/NPLs All
Slide 7: Non-Interest Income
NON-INTEREST INCOME ($ IN MILLIONS) Non-Interest Income, Excluding Securities Gains ~ $730 million ~ $610 million $43.0 $45.1 $42.2 $46.1 $48.1 $- $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0 $50.0 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Mortgage Banking Income & Spreads Other Non-Interest I
Slide 8: Non-Interest Expenses
NON-INTEREST EXPENSES ($ IN MILLIONS) Non-Interest Expense & Efficiency Ratio (1) ~ $730 million ~ $610 million $119.3 $118.4 $120.4 $121.6 $119.8 68.8% 66.6% 68.3% 67.6% 65.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 Q3 2015 Q4 2015 Q1 201
Slide 9: BSA/AML Compliance & Risk Management Expenses and Staffing
$1.8 $2.1 $3.2 $4.3 $3.3 $1.0 $1.2 $1.1 $4.6 $1.4 $8.6 $5.9 $3.1 $1.1 $1.0 $1.0 13 26 30 45 47 56 $- $3.0 $6.0 $9.0 $12.0 0 10 20 30 40 50 60 70 2011 2012 2013 2014 2015 YTD 9/2016 Q1 2016 Q2 2016 Q3 2016 Salaries & Benefits Expense Outside Consulting Services and Temporary Staffing (1) Staffing $0.
Slide 10: Profitability & Capital
PROFITABILITY & CAPITAL 10 ROA(1) ROE (tangible)(2) Tangible Common Equity Ratio(2) Diluted Earnings Per Common Share 9.11% 10.16% 10.07% 10.26% 10.38% 0.00% 4.00% 8.00% 12.00% Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 0.78% 0.86% 0.86% 0.88% 0.89% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% Q3 2015 Q4
Slide 11: 2016 Outlook
2016 OUTLOOK The following outlook remains unchanged from prior quarter: • Loans & Deposits: Annual average growth rate in the mid- to high-single digits • Asset Quality: Provision driven primarily by loan growth • Non-Interest Income (Excluding Securities Gains): Mid- to high-single digit growth ra
Slide 12: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Note: The Corporation has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financia
Slide 13: Non-GAAP Reconciliation (Con't)
NON-GAAP RECONCILIATION (CON’T) 13 Sep 30 Dec 31 Mar 31 Jun 30 Sep 30 2015 2015 2016 2016 2016 Tangible Common Equity to Tangible Assets (TCE Ratio) Shareholders' equity 2,025,904$ 2,041,894$ 2,073,309$ 2,106,997$ 2,129,436$ Less: Intangible assets (531,562) (531,556) (531,556) (531,556) (531,556) T
Slide 14: Fulton Financial Corporation
FULTON FINANCIAL CORPORATION www.fult.com