Slide 1: 2016 Second Quarter Results
D A T A A S O F J U N E 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 SECOND 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: Second Quarter Highlights
SECOND QUARTER HIGHLIGHTS Diluted Earnings Per Share: $0.23 in 2Q16, 4.5% increase from 1Q16 and 9.5% increase from 2Q15 Pre-Provision Net Revenue: $53.3 million, 4.9% increase from 1Q16 and 9.7% increase from 2Q15 Linked Quarter Loan and Core Deposit Growth: 0.8% increase in average loans, while av
Slide 4: Income Statement Summary
INCOME STATEMENT SUMMARY Net Income of $39.8 million; a 3.9% increase from 1Q16 and an 8.4% increase from 2Q15. Earnings per share increased 4.5% from 1Q16 and 9.5% from 2Q15. Net Interest Income From 1Q16: Flat, reflecting a 3 bp decrease in net interest margin (NIM), offset by the impact of
Slide 5: Net Interest Income and Margin
NET INTEREST INCOME AND MARGIN Net Interest Income & Net Interest Margin ~ $730 million ~ $610 million $122.9 $125.7 $127.8 $129.1 $128.9 3.20% 3.18% 3.19% 3.23% 3.20% 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 $140.0 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2
Slide 6: Asset Quality ($ in Millions)
ASSET QUALITY ($ IN MILLIONS) 6 Provision for Credit Losses Non-Performing Loans (NPLs) & NPLs to Loans 113.34% 116.81% 118.37% 121.05% 129.26% 1.28% 1.25% 1.24% 1.20% 1.17% 0.00% 1.00% 2.00% 3.00% 0.00% 25.00% 50.00% 75.00% 100.00% 125.00% 150.00% Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Allowance/N
Slide 7: Non-Interest Income ($ in Millions)
NON-INTEREST INCOME ($ IN MILLIONS) Non-interest Income, Excluding Securities Gains ~ $730 million ~ $610 million $44.1 $43.0 $45.1 $42.2 $46.1 $- $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0 $50.0 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Mortgage Banking Income & Spreads Other Non-interest I
Slide 8: Non-Interest Expenses ($ in Millions)
NON-INTEREST EXPENSES ($ IN MILLIONS) Non-interest Expense & Efficiency Ratio (1) ~ $730 million ~ $610 million $118.4 $119.3 $118.4 $120.4 $121.6 68.9% 68.8% 66.6% 68.3% 67.6% 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 Q2 2015 Q3 2015 Q4 201
Slide 9: BSA/AML Compliance Program Expenses and Staffing
$1.8 $2.1 $3.2 $4.3 $2.2 $4.6 $1.4 $8.2 $4.5 $2.1 $0.4 $1.4 $0.2 13 26 30 45 47 51 0 10 20 30 40 50 60 $- $3.0 $6.0 $9.0 $12.0 2011 2012 2013 2014 2015 YTD 6/2016 Salaries & Benefits Expense Outside Consulting Services(1) Temporary Employee Expense Staffing $0.8$0.1 COMPLIANCE & RISK MANAGEMENT (1)
Slide 10: Profitability & Capital
PROFITABILITY & CAPITAL 10 ROA(1) ROE (tangible)(2) Tangible Common Equity Ratio(2) Diluted Earnings Per Common Share 9.83% 9.11% 10.16% 10.07% 10.26% 0.00% 4.00% 8.00% 12.00% Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 0.86% 0.78% 0.86% 0.86% 0.88% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% Q2 2015 Q3 2
Slide 11: 2016 Outlook
2016 OUTLOOK The following outlook remains unchanged from prior quarter: • Loans & Deposits: Annual average growth rate in the mid- to high-single digits • Asset Quality: Provision driven primarily by loan growth • Non-Interest Income (Excluding Securities Gains): Mid- to high-single digit growth ra
Slide 12: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Note: The Corporation has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financia
Slide 13: Non-GAAP Reconciliation (Con't)
NON-GAAP RECONCILIATION (CON’T) 13 Jun 30 Sep 30 Dec 31 Mar 31 Jun 30 2015 2015 2015 2016 2016 Tangible Common Equity to Tangible Assets (TCE Ratio) Shareholders' equity 2,024,817$ 2,025,904$ 2,041,894$ 2,073,309$ 2,106,997$ Less: Intangible assets (531,567) (531,562) (531,556) (531,556) (531,556) T
Slide 14: Fulton Financial Corporation
FULTON FINANCIAL CORPORATION www.fult.com