Fulton Financial Corporation · NASDAQ:FULT

Fulton Financial — Q4 2025 Earnings Presentation

38 slides from Fulton Financial's earnings presentation, January 2026

  1. Slide 1: Investor Presentation

    © 2026 Fulton Financial Corporation. All rights reserved. Investor Presentation Data as of or for the period ended December 31, 2025, 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: Fourth Quarter 2025 Financial Highlights

    © 2026 Fulton Financial Corporation. All rights reserved. Fourth Quarter 2025 Financial Highlights GAAP Reported Operating(1) 4Q25 3Q25 4Q25 3Q25 Net Income Available to Common Shareholders (dollars in millions) $96.4 $97.9 $99.4 $101.3 ROAA (annualized) 1.23% 1.25% 1.27% 1.29% ROATCE (annualized; n

  5. Slide 5: Fourth Quarter 2025 Income Statement Summary

    © 2026 Fulton Financial Corporation. All rights reserved. Fourth Quarter 2025 Income Statement Summary 4Q25 3Q25 Linked-Quarter Change (dollars in thousands, except per-share data) Net interest income $266,042 $264,198 $1,844 Provision for credit losses 2,948 10,245 (7,297) 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 3.59% in the fourth quarter of 2025, increasing two bps compared to the third quarter of 2025. A decrease in cost of funds benefited NIM in the fou

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

    © 2026 Fulton Financial Corporation. All rights reserved. Non-Interest Income Remains a Key Revenue Source at Over 20% of Revenue Total Revenue Non-Interest Income Three months ended 12/31/25 Three months ended 12/31/25 Wealth Management AUM/AUA above $17 billion Robust Commercial Fee Income Busines

  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) 4Q25 3Q25 2Q25 1Q25 4Q24 3Q25 Salaries and employee benefits $121,632 $111,265 $107,123 $103,526 $107,886 $10,367 • Salaries and emp

  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 $82 million, net of share repurchases •

  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 & Well-Positioned Franchise

    © 2026 Fulton Financial Corporation. All rights reserved. A Growing & Well-Positioned Franchise • $32 billion in assets, 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 market(1) • Mark

  15. Slide 15: Acquisition of Blue Foundry Bancorp: Strategic Rationale and Key Highlights

    © 2026 Fulton © 2026 Financial Fulton Corporation. Financial Corporation.AllAllrights rightsreserved. reserved. Acquisition of Blue Foundry Bancorp: Strategic Rationale and Key Highlights Unique opportunity to expand into high-growth, strategic markets Financially Compelling ✓Fulton expands its pres

  16. Slide 16: Robust and Scalable Product Suite

    © 2026 Fulton Financial Corporation. All rights reserved. Robust and Scalable Product Suite Commercial Consumer Small Treasury Wealth International Capital Mortgage Banking Banking Business Management and Services Markets Banking Trust ROBUST INDUSTRY-LEADING NIMBLE PRODUCTS TECHNOLOGY COMPETITIVE A

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: 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 $7.2 billion since 2019 • A balanced loan mix enhanced by adjustable-rate mortgage growth in 2022 and 2023 outpac

  20. Slide 20: A Granular, Tenured and Diversified Deposit Portfolio

    © 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) • 876,741 deposit accounts • Average account balance of $30,856 • Average account age of ~ten years • 24

  21. Slide 21: 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

  22. Slide 22: 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 (December 31, 2025) (millions) (milli

  23. Slide 23: 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) $90.6 Million TTM(3) Non-Interest Income Five Year CAGR of 9% (billions) Five

  24. Slide 24: 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

  25. Slide 25: 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

  26. Slide 26: 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

  27. Slide 27: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 27

  28. Slide 28: 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

  29. Slide 29: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Dec 31 Sep 30 2025 2025 (1) Operating ROAA Net income $ 98,970 $ 100,454 Less: Other(2) (4,989) (738) Plus: CDI amortization 5,255 5,255 Plus: Acquisition-related expense 802 -

  30. Slide 30: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Year Ended (dollars in thousands) Dec 31 Dec 31 2025 2024 Operating ROAA Net income $ 391,609 $ 288,743 Less: Other(1) (5,858) (1,805) Less: Gain on acquisition, net of tax - (36,996) Plus: Loss on securities restructu

  31. Slide 31: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Dec 31 Sep 30 2025 2025 (1) Operating ROATCE Net income available to common shareholders $ 96,408 $ 97,892 Less: Other(2) (4,989) (738) Plus: Intangible amortization 5,365 5,36

  32. Slide 32: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Dec 31 Sep 30 2025 2025 (1) Operating non-interest expense to total average assets Non-interest expense $ 212,986 $ 196,574 Less: Intangible amortization (5,365) (5,368) Less:

  33. Slide 33: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Dec 31 Sep 30 2025 2025 (1) Operating PPNR to average assets Plus: NII $ 266,042 $ 264,198 Plus: Non-interest income 69,980 70,407 Less: Non-interest expense (212,986) (196,574

  34. Slide 34: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Three months ended (dollars in thousands) Dec 31 Sep 30 2025 2025 Efficiency ratio Non-interest expense $ 212,986 $ 196,574 Less: Acquisition-related expense (802) - Less: FDIC special assessment 95 - Less: FultonFirst

  35. Slide 35: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Year Ended (dollars in thousands) Dec 31 Dec 31 Dec 31 2025 2024 2023 Efficiency ratio Non-interest expense $ 791,829 $ 819,791 $ 679,207 Less: Acquisition-related expense (1,182) (37,635) - Less: FDIC special assessme

  36. Slide 36: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation (dollars in thousands) Dec 31 Sep 30 2025 2025 Tangible common shareholders' equity Shareholders' equity $ 3,490,447 $ 3,413,598 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (612,996)

  37. Slide 37: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation (dollars in thousands, except per share data) Dec 31 Dec 31 2025 2020 TBV per share Shareholders' equity $ 3,490,447 $ 2,616,828 Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (612,996)

  38. Slide 38: Non-GAAP Reconciliation

    © 2026 Fulton Financial Corporation. All rights reserved. Non-GAAP Reconciliation Blue Foundry Bancorp (dollars in thousands) Sep 30 2025 Blue Foundry Bancorp TCE/TA Shareholders' equity $ 314,397 Less: Goodwill and intangible assets (79) Tangible common shareholders' equity (numerator) $ 314,318 To

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