Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Shareholder Meeting (May 2006)
34 slides from Fulton Financial's shareholder meeting presentation, May 2, 2006
Slide 1: Fulton Financial Corporation 2006 Annual Meeting
Fulton Financial Corporation 2006 Annual Meeting May 2, 2006
Slide 2: R. Scott Smith, Jr., Chairman, CEO and President
R. Scott Smith, Jr. Chairman, Chief Executive Officer and President
Slide 3: Recognition of Retiring Directors
Fulton Financial Corporation Recognition of Retiring Directors
Slide 4: Eugene H. Gardner
Eugene H. Gardner
Slide 5: Joseph J. Mowad, M.D.
Joseph J. Mowad, mp.
Slide 6: Mary Ann Russell
Mary Ann Russell
Slide 7: Slide 7
Slide 8: Slide 8
Slide 9: Growth
Growth Organic growth — 4 » Opened six new banking offices in ca strong markets Acquisitive growth — » Acquired two new banks
Slide 10: Somerset Valley Bank
a | Somerset Valley Bank - Acquired in July 2005 - Assets of $570 million - Headquartered in Somerville, NJ - 12 branches in Somerset, Hunterdon and Middlesex counties 10
Slide 11: Fulton Financial Corporation
Fulton Financial Corporation G The Bank WW Skylands Community Bank First Washington State Bank BB Somerset Valley Bank GLOUCESTER SALEM ATLANTIC CAPE MAY
Slide 12: The Columbia Bank
The Columbia Bank ; - Acquired in February 2006 » 4 Assets of $1.5 billion es , © Headquartered in Columbia, MD - 25 offices in Howard, Montgomery, Prince George’s, Baltimore Counties and Baltimore City 12
Slide 13: Columbia Bank
ee 4 Columbia Bank » One of the fastest growing and most profitable new banking institutions » Focused on building a premier community banking franchise in the Baltimore/Washington corridor » Ath largest independent commercial banking company in Maryland 1B
Slide 14: Columbia Bank Footprint
Columbia Bank Footprint Washington De MARYLAND Baltimore City _ Branch office © Headquarters office Baltimore County/City Howard County Montgomery County Prince George’s County Total 4
Slide 15: Possible Future Expansion
Possible Future Expansion i Current Markets i Future Expansion FULTON Fi 15
Slide 16: Regulatory Capital
© Trust Preferred Regulatory Capital = Subordinated Debt @ Loan Loss Allowance ™ Other 12/31/2004 03/31/2006 10% 10% 66% nt » 43% 23% 16
Slide 17: Account Summary for Jane Customer
‘Account Summary or Jane Customer SA SER AY BSE Mae OE “Total Banking $707.96 “Balance aes | Total Lines of Cret/Credit Card Acounes $0.00 eo al ‘Mia | $000 Total Liabilities
Slide 18: Technology
Technology - Retail Internet banking platform *.- 4» Management of all corporate heal computers from a single location - Three successful affiliate conversions: ¢ First Washington * Somerset Valley * Resource 18
Slide 19: Our Relationship Strategy
Our Relationship Strategy Long-term successful employees L Long-term successful customers Long-term successful shareholders 19
Slide 20: Employee retention
Employee retention 100 90 80 70 60 50 40 30 m Exempt Non-exem pt @ Overall 20 10 0 LU LU Uy Uy Uy Uy LU 2001 2002 2003 2004 2005
Slide 21: Customer Satisfaction (2005)
Customer Satisfaction (aii 2005) ~ *Retail: * 90% extremely/very satisfied ee | ~ Commercial: * 90% extremely/very satisfied ~ Fulton Financial Advisors: * 80+% very satisfied/satistied ~ Fulton Mortgage Company: * 99% of expectations met/exceeded * 98% would recommend FMC to others *compared to nat
Slide 22: Financial Performance
Fulton Financial Corporation Financial Performance 22
Slide 23: Fulton Financial Profile
Fulton Financial Profile » Asset size: $14.2 billion ~ 15 community banks and 3 financial services affiliates in 5 states - 254 community banking offices » Market capitalization: $2.7 billion 2B
Slide 24: Where are we located?
Where are we located? Pennsylvania Where are we located? The Bank 1D Delaware National Bank 1 FNB Bank 1 Fulton Bank Bh Hagerstown Trust 1 Lafyyerce Ambassador Bank heroes =y =. 1 Premier Bank Ta ae i Resource Bankshares Corporation — Bi Somerset Valley, Delaware Bank Virginia 1B Columbia Bank amet
Slide 25: Assets By Affiliate
Assets By Affiliate (as of 3/31/06, in thousands) Fulton Bank The Columbia Bank Resource Bank The Bank Lafayette Ambassador Bank Lebanon Valley Farmers Bank First Washington Somerset Valley Skylands Community Bank Premier Bank Hagerstown Trust Company Delaware National Bank FNB Bank, NA Swineford Na
Slide 26: 2005 Financial Results
ig Bao '* Foy 2005 Financial Results » $166.1 million Net income (11.0% increase over 2004) ~ $ 1.05 Net income per share (6.1% increase over 2004) » $ 0.567 Cash dividends per share (9.5% increase over 2004) ~ 1.41% Return on assets » 13.26% Return on equity 20.32% Return on tangible equity 26
Slide 27: Stock Performance (1982 - 2005)
Stock Performance (1982 - 2005) wee 4 ~ WITHOUT dividend reinvestment: Sony 14% compounded annual rate of return ~ WITH dividend reinvestment: 18% compounded annual rate of return WT
Slide 28: Stock performance
Stock performance Year 2003 2004 2005 Total shareholder return 34.3% 15.2% - 2.5% 28,
Slide 29: Analysts
ee Analysts Ferris Baker Watts Boenning & Scattergood Janney Montgomery Scott SunTrust Robinson Humphrey Ryan Beck KeyBanc Capital Markets Cohen Bros Keefe Bruyette & Woods Sandler O'Neill & Partners Standard & Poors Stiffel Nicolaus Merrill Lynch Citigroup Smith Barney RBC Capital Markets Buy Outpe
Slide 30: FULT.com
a, FULT.com ~ Conference Calls and Webcasts: * Quarterly earnings ° Acquisition announcements ~ Next scheduled webcast: ° 2nd quarter earnings: July 19,2006 10a.m. 30
Slide 31: 1st Quarter 2006 Earnings
* » $43.9 million A © $0.27 1*t Quarter 2006 Earnings Net income (5.9 % increase over 2005) Net income per share (3.8 % increase over 2005) cl
Slide 32: Dividends declared/increased
Dividends declared/increased ~ 5% stock dividend * Pay date: June 8 * Record date: May 19 - Increase in regular quarterly cash dividend to 14.75 cents ° Pay date: July 15 * Record date: June 19 - Overall increase: 6.8 percent 32
Slide 33: 10-year dividend history
10-year dividend history sero 05173 0.4750 04253 03815 o3t44 nasa zene 93089 I I | | | 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 33
Slide 34: Fulton Financial Corporation 2006 Annual Meeting
Fulton Financial Corporation 2006 Annual Meeting May 2, 2006 cr