Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Shareholder Meeting (May 2020)
12 slides from Fulton Financial's shareholder meeting presentation, May 19, 2020
Slide 1: Annual Shareholders' Meeting
May 19, 2020 ANNUAL SHAREHOLDERS’ MEETING If you are participating in the live meeting, please be sure to click on the link that appears on this webpage to review the Meeting Rules of Conduct before the meeting begins. 1
Slide 2: Annual Shareholders' Meeting
May 19, 2020 ANNUAL SHAREHOLDERS’ MEETING 2
Slide 3: Welcome and Opening Remarks
Phil Wenger, Chairman and CEO WELCOME AND OPENING REMARKS 3
Slide 4: Today's Agenda
TODAY’S AGENDA • Business Meeting • Proposals: • Election of Directors • Say-on-Pay Resolution • Ratification of the appointment of KPMG, LLP as Fulton’s independent auditor • Senior Management Introductions • Results of Voting • Conclusion of Business Meeting • Management Presentation • Questions a
Slide 5: Board of Directors
BOARD OF DIRECTORS Ron Spair 5
Slide 6: Vote Report and Conclusion of Business Meeting
VOTE REPORT AND CONCLUSION OF BUSINESS MEETING 6
Slide 7: Forward-Looking Statements
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 "m
Slide 8: Senior Management
SENIOR MANAGEMENT Front row, left to right: Angie Sargent, Meg Mueller, Mark McCollom, Curt Myers Back row, left to right: Betsy Chivinski, Bernadette Taylor, Dan Stolzer, Phil Wenger, Angela Snyder, Dave Campbell 8
Slide 9: 2019 Highlights
2019 HIGHLIGHTS Record net income of $226.3 million, or $1.35 per diluted share Key Accomplishments: • Earnings per share increased 14% over 2018 • Termination of remaining BSA/AML regulatory orders • Successful consolidation of affiliate banks into Fulton Bank, N.A. • Continuation of organic growth
Slide 10: 1st Quarter 2020 Highlights
1ST QUARTER 2020 HIGHLIGHTS Net income of $26 million, or $0.16 per diluted share Quarter highlights: • Net income decreased nearly 46% from 4th quarter 2019 • Implemented CECL methodology, which requires us to look at expected credit losses, in addition to actual credit losses • Increases in mortga
Slide 11: COVID-19 Response
COVID-19 RESPONSE • Supporting affected individuals, families and businesses • Redesigned service delivery model to protect customers and employees • Implemented prudent safety protocols • Instituted special assistance programs for customers • Issued nearly $2 billion in SBA guaranteed loans to more
Slide 12: Questions & Answers
QUESTIONS & ANSWERS May 19, 2020 12