Slide 1: Investor Presentation
z INVESTOR PRESENTATION Data as of or for the period ended June 30, 2025 unless otherwise noted
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation may contain forward-looking statements with respect to Fulton Financial Corporation's (the "Corporation“ or “Fulton”) financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements c
Slide 3: A Growing & Well-Positioned Franchise
• More than $32 billion in assets, 200 financial centers, 200 commercial sales professionals, 100 mortgage loan officers, and 3,300 team members operating in a customer-dense Mid-Atlantic market(1) • Solid market share with opportunity to grow(2) o 15 counties in which we have a top five deposit mar
Slide 4: Fulton is Geographically Diversified with Top Share in Key Markets
Fulton is Geographically Diversified with Top Share in Key Markets 4 Note: Data as of June 30, 2024 per S&P Capital IQ; FDIC Summary of Deposits. (1) Median Household (“HH”) Income; 2024 – 2029 Projected Population Change and Projected HH Income Change are weighted by deposits in each MSA. Fulton Fi
Slide 5: Robust and Scalable Product Suite
Robust and Scalable Product Suite Well positioned to compete in and serve our market • Significant technology spend over the past five years o New commercial origination system, new mortgage origination system, new mortgage loan servicing system, new consumer origination system, new customer relati
Slide 6: We Do What Is Right
6 We Do What Is Right Corporate Social Responsibility (CSR) • Our most recent Corporate Social Responsibility Report with key metrics is available at www.fultonbank.com/About-Fulton-Bank. • Integrity is fundamental to governance at Fulton. The Corporation’s established Board governance and oversight
Slide 7: A Balanced Business Model Delivering Strong Returns
A Balanced Business Model Delivering Strong Returns • Non-interest income as a percentage of revenue of approximately 20% • Wealth management accounts for approximately 1/3 of total non-interest income, delivering an 11% 5-year CAGR, AUM/AUA(1) of $16.3 billion and over 80% in recurring income • Com
Slide 8: Second Quarter 2025 Financial Highlights
8 Second Quarter 2025 Financial Highlights (1) Non-GAAP financial measures. Please refer to the calculation and management’s reason for using this measure on the slide titled “Non -GAAP Reconciliation” at the end of this presentation. Productivity: • Disciplined & Profitable Growth • Strong Operatin
Slide 9: 2025 Operating Guidance
9 2025 Operating Guidance (1) NII is on a non-FTE basis. (2) Excludes non-operating expenses and core deposit intangible (“CDI”) amortization. Income Statement Line Item Expected Range Outlook $1.005 - $1.025 billion Incorporates federal funds target rate cuts of 25 basis points ("bps") in September
Slide 10: Deposit Portfolio That Is Granular, Tenured and Diversified
Deposit Portfolio That Is Granular, Tenured and Diversified With Significant Liquidity Coverage 10 (1) As of June 30, 2025. Estimated uninsured deposits net of collateralized municipal deposits and inter-company deposits. For the calculation of the coverage of net estimated uninsured deposits, pleas
Slide 11: A Diversified Loan Portfolio with Growth in Multiple Categories
11 A Diversified Loan Portfolio with Growth in Multiple Categories • The loan portfolio has grown $7.1 billion since 2019 • A balanced loan mix enhanced by: • adjustable-rate mortgage growth in 2022 and 2023 outpacing other categories • 1/3 of the loan portfolio acquired in the Republic transaction
Slide 12: A Balance Sheet That Maintains Flexibility
A Balance Sheet That Maintains Flexibility 12 (1) Time deposits include brokered certificates of deposit (“CDs”). Time deposits provide gradual tailwind in current environment Deposit Mix by Product Type(1) (June 30, 2025) Loan Mix by Rate Type (June 30, 2025) The majority of adjustable-rate loans r
Slide 13: Strategic Actions Moving Balance Sheet to a Neutral Interest Rate Risk Profile
Strategic Actions Moving Balance Sheet to a Neutral Interest Rate Risk Profile and Enhanced Earnings and Profitability Profile • Focus on profitable loan growth with wider spreads over time • Build-out of a business banking initiative will drive customer growth over time • Republic transaction moved
Slide 14: Net Interest Income
Net Interest Income 14 (1) Net interest income on a non-FTE basis using a 21% federal tax rate and statutory interest expense disallowances. • NIM was 3.47% in the second quarter of 2025, increasing four basis points compared to the first quarter of 2025. A decline in the total cost of funds benefit
Slide 15: Non-Interest Income Remains a Key Revenue Source
Non-Interest Income Remains a Key Revenue Source at Over 20% of Revenue 15 2Q25 Highlights • Linked quarter increase of $1.9 million • Commercial banking income increased due to activity in merchant and card fee income, cash management fee income and capital markets revenue • Consumer revenue increa
Slide 16: Reductions in Non-Interest Expense Drive Earnings
Reductions in Non-Interest Expense Drive Earnings 16 (1) Non-GAAP financial measure. Please refer to the calculation and management’s reason for using this measure on the slide tit led “Non-GAAP Reconciliation” at the end of this presentation. 2Q25 Highlights • Operating non-interest expense up $4.8
Slide 17: Solid Asset Quality Trends Through Many Cycles
Solid Asset Quality Trends Through Many Cycles 17 Sources: Top 100 Commercial Banks and All Commercial Banks - Board of Governors of the Federal Reserve System (Top 100 Commercial Banks are the 100 largest banks based on consolidated assets); Fulton historical data – S&P Capital IQ. Delinquency rate
Slide 18: Asset Quality
Asset Quality (1) The ACL relates specifically to “Loans, net of unearned income” and does not include reserves related to off-balance sheet credit exposures. 18 Provision for Credit Losses Non-Performing Assets (“NPAs”) & NPAs to Assets Net Charge-offs (“NCOs”) and NCOs to Average Loans ACL(1) to N
Slide 19: Accelerating Internal Capital Generation Enhancing Capital Ratios
19 Accelerating Internal Capital Generation Enhancing Capital Ratios • Expanding regulatory capital ratios provide increasing operational and strategic flexibility • Tangible capital increased linked quarter by $60 million, net of share repurchases (1) • AOCI ended the quarter at ($272) million • Cu
Slide 20: Available Liquidity
Available Liquidity June 30, 2025 Cash On-Hand(1) 484$ Federal Reserve Capacity 3,929 Total Available @ Federal Reserve 3,929$ FHLB Borrowing Capacity 11,229 Advances(2) (816) Letters of Credit (4,133) Total Available @ FHLB 6,280$ Total Committed Liquidity 10,209$ Fed Funds Lines 2,576 Outstanding
Slide 21: Appendix
APPENDIX
Slide 22: The Loan Portfolio Remains Diversified and Granular With Low Office Concentration
22 The Loan Portfolio Remains Diversified and Granular With Low Office Concentration at 3% of Total Loans (1) LTV as of most recent appraisal. (2) Metropolitan Statistical Areas or “MSA” titled in short name for presentation purposes. Geographically Diverse by MSA(2)Maturing Over Time Total Loan Por
Slide 23: Multi-Family Loans Represent 8% of the Total Loan Portfolio
23 Multi-Family Loans Represent 8% of the Total Loan Portfolio With a Small Average Loan Size, Low LTV and Solid Debt Service Coverage (1) LTV as of most recent appraisal. (2) MSAs titled in short name for presentation purposes. Diversified by Geographical MSA(2) Total Loan Portfolio (June 30, 2025)
Slide 24: Non-Owner-Occupied Commercial Mortgage Portfolio is Well Diversified
Fulton’s Non-Owner-Occupied Commercial Mortgage(1) Portfolio is Well Diversified within the Industries Served 24 (1) Non-owner-occupied commercial mortgage of $5.3 billion represents 55% of the $9.7 billion total commercial mortgage portfoli o.
Slide 25: 2Q25 Income Statement Summary
(1) Non-GAAP financial measure. Please refer to the calculation and management’s reason for using this measure on the slides tit led “Non-GAAP Reconciliation” at the end of this presentation. 2Q25 Income Statement Summary 25 2Q25 1Q25 Linked-Quarter Change Net interest income $254,921 $251,187 $3,73
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation 26 Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. Presentation of these non-G
Slide 27: Non-GAAP Reconciliation
Non-GAAP Reconciliation 27 Three months ended (dollars in thousands) Jun 30 Mar 31 2025 2025 Operating return on average assets Net income 99,198$ 92,987$ Less: Other revenue (9) (122) Plus: Core deposit intangible amortization 5,346 6,155 Plus: Acquisition-related expense - 380 Plus: FultonFirst im
Slide 28: Non-GAAP Reconciliation
28 Non-GAAP Reconciliation Three months ended (dollars in thousands) Jun 30 Mar 31 2025 2025 Operating return on average common shareholders' equity (tangible) Net income available to common shareholders 96,636$ 90,425$ Less: Other revenue (9) (122) Plus: Intangible amortization 5,460 6,269 Plus: Ac
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation 29 Three months ended (dollars in thousands) Jun 30 Mar 31 2025 2025 Operating non-interest expense to total average assets Non-interest expense 192,811$ 189,460$ Less: Intangible amortization (5,460) (6,269) Less: Acquisition-related expense - (380) Less: FultonFirst impleme
Slide 30: Non-GAAP Reconciliation
30 Non-GAAP Reconciliation Three months ended (dollars in thousands) Jun 30 Mar 31 2025 2025 Pre-provision net revenue to average assets Plus: Net interest income 254,921$ 251,187$ Plus: Non-interest income 69,148 67,232 Less: Non-interest expense (192,811) (189,460) Less: Other revenue (9) (122) Pl
Slide 31: Non-GAAP Reconciliation
31 Non-GAAP Reconciliation Three months ended (dollars in thousands) Jun 30 Mar 31 2025 2025 Efficiency ratio Non-interest expense 192,811$ 189,460$ Less: Acquisition-related expense - (380) Less: FultonFirst implementation and asset disposals 270 47 Less: Intangible amortization (5,460) (6,269) Ope
Slide 32: Non-GAAP Reconciliation
Non-GAAP Reconciliation 32 (dollars in thousands, except per share data) Jun 30 Jun 30 2025 2020 Tangible book value per share Shareholders' equity 3,329,246$ 2,340,501$ Less: Preferred stock (192,878) - Less: Goodwill and intangible assets (623,729) (535,039) Tangible common shareholders' equity (n
Slide 33: Non-GAAP Reconciliation
Non-GAAP Reconciliation 33 (dollars in thousands) Jun 30 Mar 31 2025 2025 Common shareholders' equity (tangible) Shareholders' equity 3,329,246$ 3,274,321$ Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (623,729) (629,189) Tangible common shareholders' equity 2,512,63
Slide 34: The Bank of Choice
The Bank of Choice because of Who Me Ave and Low Me Opevale.