Fulton Financial Corporation Announces Second Quarter 2026 Results

Rhea-AI Summary

Fulton Financial (NASDAQ: FULT) reported second-quarter 2026 net income available to common shareholders of $99.9 million, or $0.52 per diluted share, up from $92.2 million, or $0.51, in the first quarter. Operating net income was $115.9 million, or $0.60 per diluted share, versus $0.55 in the prior quarter.

On April 1, 2026, Fulton completed its acquisition of Blue Foundry Bancorp, adding approximately $2.1 billion of assets, including $1.6 billion of loans and $1.5 billion of deposits. Net interest income rose to $284.3 million, supported by a 3.60% net interest margin, while non-interest income increased to $79.3 million. Non-interest expense climbed to $231.0 million, reflecting acquisition-related and compensation costs. Fulton’s total net loans reached $25.9 billion and deposits $28.3 billion. The common equity Tier 1 capital ratio increased to 12.1%, and the company repurchased 525,000 shares for $11.1 million under its 2026 repurchase program.

Positive

• Operating diluted EPS rose to $0.60 from $0.55 sequentially
• Net interest income increased to $284.3 million, up $22.2 million quarter over quarter
• Non-interest income grew $9.5 million to $79.3 million
• Provision for credit losses declined to $4.9 million from $14.4 million
• Common equity Tier 1 ratio improved to 12.1% from 11.9%
• Loans and deposits expanded to $25.9 billion and $28.3 billion, respectively

Negative

• Non-interest expense increased $30.7 million to $231.0 million
• Operating non-interest expense rose $19.9 million to $210.6 million
• Annualized net charge-offs increased to 0.34% from 0.25%
• Commercial loans excluding the acquisition declined $104.3 million
• Noninterest-bearing demand deposits fell $118.5 million quarter over quarter
• Interest expense on deposits rose $10.9 million sequentially

News Explained

Blue Foundry Bank has been folded into Fulton Bank, while Fulton issued new subordinated notes and redeemed older notes.

The acquisition closed on April 1, 2026, and Blue Foundry Bank merged into Fulton Bank on July 11, 2026, with Fulton Bank surviving; Blue Foundry Bank is no longer a separate subsidiary.

Fulton Financial also reports issuing $300.0 million of subordinated notes on May 5, 2026 and redeeming $195.0 million of older subordinated notes on June 15, 2026.

News Market Reaction – FULT

-0.74%

-0.74% Session close to close

In the Jul 23 session, FULT declined 0.74%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Historical earnings record news_id 1044137 supplies an apples-to-apples platform reference for this ...

Analysis

Historical earnings record news_id 1044137 supplies an apples-to-apples platform reference for this results announcement. The release combines operating improvement with integration-related costs. Low short positioning and recent net selling provide relevant risk context.

Key Figures

Net income: $99.9 million Diluted EPS: $0.52 Operating diluted EPS: $0.60 +5 more

8 metrics

Net income $99.9 million Q2 2026; up $7.7 million from Q1 2026

Diluted EPS $0.52 Q2 2026; up $0.01 from Q1 2026

Operating diluted EPS $0.60 Q2 2026; up $0.05 from Q1 2026

Net interest margin 3.60% Q2 2026; up two basis points from the prior quarter

Non-interest income $79.3 million Q2 2026; up $9.5 million from $69.8 million

Non-interest expense $231.0 million Q2 2026; up $30.7 million from $200.3 million

Provision for credit losses $4.9 million Q2 2026; compared with $14.4 million in Q1 2026

Common equity Tier 1 capital ratio approximately 12.1% June 30, 2026; compared with 11.9% in the prior quarter

Previous Earnings Reports

5 past events · Latest: Jul 01 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 01	earnings scheduling	Neutral	+1.1%	Second-quarter earnings release and webcast dates were announced.
Apr 22	1Q26 earnings report	Positive	+1.1%	First-quarter results included higher earnings, operating EPS, and completed Blue Foundry acquisition.
Apr 01	earnings scheduling	Neutral	+1.2%	First-quarter earnings release and conference call dates were announced.
Jan 06	earnings scheduling	Neutral	+0.5%	Fourth-quarter 2025 earnings release and analyst call dates were announced.
Oct 02	earnings scheduling	Neutral	+0.0%	Third-quarter 2025 earnings release and analyst call dates were announced.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-specific history showed positive 24-hour reactions for all five earnings-related events, including a 1.10% reaction to the prior quarter's results release.

Key Terms

net interest margin, allowance for credit losses, common equity tier 1 capital ratio, fixed-to-floating rate subordinated notes, +1 more

5 terms

net interest margin financial

"Net interest margin remained solid at 3.60%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"resulting in an allowance for credit losses attributable to net loans"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

common equity tier 1 capital ratio regulatory

"Common equity tier 1 capital ratio increased to approximately 12.1%"

A bank’s common equity tier 1 (CET1) capital ratio measures the size of its strongest loss-absorbing capital—mainly common shares and retained earnings—relative to the bank’s assets after adjusting those assets for how risky they are (riskier loans count more). Think of it as the safety cushion compared with the weight of risky business; investors use it to judge a bank’s ability to survive losses, meet rules, and sustain dividends or growth.

fixed-to-floating rate subordinated notes financial

"issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate"

A fixed-to-floating rate subordinated note is a debt security that pays a set interest rate for an initial period and then switches to a variable rate tied to a market benchmark; it ranks below senior debt for repayment if the issuer has financial trouble. Investors care because it offers higher initial yield than senior bonds but carries greater credit and repayment risk and exposes holders to changing interest costs after the switch, like moving from a steady paycheck to one that fluctuates with the economy.

net charge-offs financial

"Annualized net charge-offs for the second quarter of 2026 were 0.34%"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LANCASTER, Pa., July 22, 2026 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter of 2026, an increase of $7.7 million, or $0.01 per diluted share, in comparison to the first quarter of 2026. Operating net income available to common shareholders for the three months ended June 30, 2026 was $115.9 million⁽¹⁾, or $0.60 per diluted share⁽¹⁾, an increase of $16.2 million, or $0.05 per diluted share, in comparison to the first quarter of 2026.

Net income available to common shareholders for the six months ended June 30, 2026 was $192.1 million, or $1.02 per diluted share, an increase of $5.0 million, and unchanged on a per diluted share basis, in comparison to the six months ended June 30, 2025. Operating net income available to common shareholders for the six months ended June 30, 2026, was $215.5 million⁽¹⁾, or $1.15 per diluted share⁽¹⁾, an increase of $19.4 million, or $0.08 per diluted share, in comparison to the six months ended June 30, 2025.

"During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis J. Myers, Fulton Chairman, CEO, and President. "With the successful integration of Blue Foundry Bank already occurring earlier this month, we are well positioned to deepen existing relationships and drive growth in this expanded footprint. Our ongoing strong performance is due to high demand for our community banking approach and the commitment of our dedicated team members to making banking personal. Our sustained focus on executing our strategic priorities is creating long-term value for our shareholders."

Blue Foundry Bancorp Transaction⁽²⁾

• On April 1, 2026, the Corporation completed its acquisition of Blue Foundry Bancorp and Blue Foundry Bank became a wholly owned subsidiary of the Corporation. On July 11, 2026, Blue Foundry Bank merged with and into Fulton Bank.

• As a result of the Blue Foundry Bancorp Transaction, the Corporation acquired total assets with preliminary fair values of approximately $2.1 billion including total loans with a preliminary fair value of approximately $1.6 billion and investments with a fair value of $226.5 million. The Corporation assumed total liabilities with a fair value of $1.8 billion including total deposits with a fair value of $1.5 billion and borrowings with a fair value of $276.0 million.

Financial Highlights

Second quarter of 2026 operating results of $0.60 per diluted share⁽¹⁾ were impacted by the following items:

• Net interest margin remained solid at 3.60%, representing a two basis point increase from the prior quarter.

• Non-interest income increased $9.5 million to $79.3 million compared to $69.8 million in the prior quarter.

• Non-interest expense increased $30.7 million to $231.0 million compared to $200.3 million in the prior quarter. Operating non-interest expense increased $19.9 million to $210.6 million⁽¹⁾ compared to $190.7 million in the prior quarter.

• Provision for credit losses was $4.9 million resulting in an allowance for credit losses attributable to net loans of $382.6 million, or 1.48% of total net loans as of June 30, 2026. The initial allowance for credit losses on loans acquired in the Blue Foundry Bancorp Transaction was $31.0 million.

• Common equity tier 1 capital ratio⁽³⁾ increased to approximately 12.1% compared to 11.9% in the prior quarter.

• During the second quarter of 2026, 525,000 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program⁽⁴⁾ at a cost of $11.1 million or an average of $21.19 per share. As of June 30, 2026, the Corporation repurchased $35.6 million of common stock under the 2026 Repurchase Program.

The following items highlight notable changes in the components of net income in the second quarter of 2026 compared to the first quarter of 2026:

• Net interest income increased $22.2 million to $284.3 million driven by a $17.5 million increase attributable to the Blue Foundry Bancorp Transaction. A $32.6 million increase in interest income on net loans, a $2.9 million increase in interest income on investment securities and a $2.6 million increase in interest income in other interest-earning assets were partially offset by a $10.9 million increase in interest expense on deposits and a $4.9 million increase in interest expense on borrowings and other interest-bearing liabilities. Purchase loan mark accretion from loans acquired in the Republic Transaction⁽⁵⁾ was $9.9 million in the second quarter of 2026 compared to $10.3 million in the prior quarter. Purchase loan mark accretion from loans acquired in the Blue Foundry Bancorp Transaction was $5.2 million in the second quarter of 2026. Interest expense on borrowings and other interest-bearing liabilities included approximately $2.4 million from the Corporation's $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 that were redeemed on June 15, 2026.

• Non-interest income before investment securities gains (losses) was $79.3 million compared to $69.8 million in the prior quarter. The $9.5 million increase was primarily attributable to a $7.3 million increase in income from equity method investments, reflected in other income, that included $6.9 million of income recognized from an equity method investment that was sold during the quarter. Compared to the prior quarter, mortgage banking income increased by $1.0 million.

• Non-interest expense was $231.0 million compared to $200.3 million in the prior quarter. The $30.7 million increase was primarily due to an $11.2 million increase in acquisition-related expenses and a $10.3 million increase in salaries and employee benefits expense driven by a $6.2 million increase as a result of the Blue Foundry Bancorp Transaction and a $3.5 million increase in incentive compensation expense. Increases of $2.2 million and $1.8 million in other outside services expense and data processing and software expense, respectively, were primarily driven by the Blue Foundry Bancorp Transaction. Other non-interest expense for the second quarter of 2026 included a $2.1 million charge incurred related to merging two employee pension plans and $0.8 million of debt extinguishment costs.

Balance Sheet Summary

• Total net loans increased $1.7 billion to $25.9 billion compared to $24.3 billion as of March 31, 2026. The increase was primarily due to a $1.6 billion increase in loans, based on preliminary fair values, as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net loans increased $102.6 million with an increase of $206.9 million in consumer loans⁽⁶⁾, partially offset by a decrease of $104.3 million in commercial loans^(6).

• Deposits totaled $28.3 billion, a $1.5 billion increase compared to $26.8 billion as of March 31, 2026. The increase was primarily due to a $1.2 billion increase in deposits as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net deposits increased $249.2 million due to increases of $257.4 million in brokered deposits, $189.4 million in savings deposits and $76.4 million in time deposits, partially offset by decreases of $155.6 million in interest-bearing demand deposits and $118.5 million in noninterest-bearing demand deposits.

• On May 5, 2026, the Corporation issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036. On June 15, 2026, the Corporation redeemed $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030.

Provision for Credit Losses and Asset Quality

• The provision for credit losses totaled $4.9 million in the second quarter of 2026 compared to $14.4 million in the first quarter of 2026.

• The allowance for credit losses attributable to net loans was $382.6 million, or 1.48% of total net loans as of June 30, 2026, compared to $367.5 million, or 1.51% of total net loans as of March 31, 2026. The increase was largely due to a $28.7 million increase in the allowance for credit losses as a result of the Blue Foundry Bancorp Transaction.

• Non-performing assets were $187.1 million, or 0.54% of total assets, as of June 30, 2026, in comparison to $177.5 million, or 0.55% of total assets, as of March 31, 2026. Non-performing assets include $16.4 million from the Blue Foundry Bancorp Transaction.

• Annualized net charge-offs for the second quarter of 2026 were 0.34% of total average loans in comparison to 0.25% in the prior quarter.

Additional information on Fulton is available at www.fultonbank.com.

(1)	Financial measure derived by methods other than generally accepted accounting principles ("GAAP"). Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of the press release.
(2)	On April 1, 2026, the Corporation completed its previously announced acquisition of Blue Foundry Bancorp (the "Blue Foundry Bancorp Transaction"). Following the Blue Foundry Bancorp Transaction, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry Bancorp, operated as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merged with and into the Corporation's wholly owned subsidiary Fulton Bank, National Association ("Fulton Bank") on July 11, 2026, with Fulton Bank continuing as the surviving bank.
(3)	Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual.
(4)	The 2026 Repurchase Program represents the authorization, commencing on January 1, 2026 and expiring on January 31, 2027, to repurchase up to $150 million, excluding fees, commissions, excise tax and other ancillary expenses, of the Corporation's common stock. Under this authorization, up to $25 million of the $150 million authorization may be used to repurchase the Corporation's preferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The 2026 Repurchase Program may be discontinued at any time.
(5)	On April 26, 2024, Fulton Bank acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"), as receiver for Republic Bank (the "Republic Transaction"), pursuant to the terms of the Purchase and Assumption Agreement - Whole Bank, All Deposits, effective as of April 26, 2024 among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank.
(6)	Commercial loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include decreases of $54.9 million in commercial and industrial loans, $29.7 million in commercial construction loans, reflected in real estate - construction, $18.8 million in real estate - commercial mortgage loans and $1.0 million in leases and other loans. Consumer loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include increases of $132.3 million in real estate - residential mortgage loans, $48.7 million in real estate - home equity loans, $20.9 million in residential construction loans, reflected in real estate - construction and $5.0 million in consumer loans.
Note: Some numbers contained in this document may not sum due to rounding.

Forward-Looking Statements

This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Forward-looking statements are any statement that does not relate to historical or current facts and can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results.

Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Numerous factors could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, including, but not limited to, the following: the impact of adverse conditions in the economy and financial markets; trade policies and the imposition of tariffs and retaliatory tariffs; the impacts of events affecting the financial services industry; the effects of actions by the federal government, including those of the Board of Governors of the Federal Reserve System and other government agencies, that impact the money supply and market interest rates; the effects of market interest rates and the relative balances of interest rate-sensitive assets to interest rate-sensitive liabilities on net interest margin and net interest income; the composition of the Corporation's loan portfolio and potential exposure to increased credit risk; the effects of changes in interest rates; investment securities gains and losses, including declines in the fair value of securities; disruptions in liquidity markets; capital and liquidity strategies; the Corporation's ability to generate capital internally or raise capital on favorable terms; the effects of competition; possible goodwill impairment charges; the impact of operational risks; the loss of, or failure to safeguard, confidential or proprietary information; the Corporation's failure to identify and promptly address cybersecurity risks; the impact of failures of the Corporation's third-party vendors to perform in accordance with contractual arrangements; the effects of concerns about other financial institutions on the Corporation; potential losses in connection with repurchase and indemnification payments related to sold loans; the effects of climate change on the Corporation's business and results of operations; the effects of increases in non-performing assets; the determination of the allowance for credit losses; the effects of the extensive level of regulation and supervision to which the Corporation and Fulton Bank are subject; changes in law, regulation and government policy; the continuing impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; potential negative consequences resulting from regulatory violations, investigations and examinations; the effects of adverse outcomes in litigation and governmental or administrative proceedings; the effects of changes in U.S. federal, state or local tax laws; the effects of the significant amounts of time and expense associated with regulatory compliance and risk management; the Corporation's ability to realize anticipated reductions in non-interest expense and increases in revenue from strategic initiatives implemented from time to time; risks related to the acquisition of Blue Foundry Bancorp; completed and potential future acquisitions may affect costs and the Corporation may not be able to successfully integrate the acquired business or realize the anticipated benefits from such acquisitions; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, military conflicts, wars and other international hostilities; public health crises and pandemics; the Corporation's ability to achieve its growth plans; the Corporation's ability to attract and retain talented personnel; the effects of competition from financial service companies and other companies offering bank services; the Corporation's ability to keep pace with technological changes; the Corporation's reliance on its subsidiaries for substantially all of its revenues; and the effects of negative publicity on the Corporation's reputation. For additional information about factors that could cause actual results to differ materially from those described in forward-looking statements, refer to the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).

Non-GAAP Financial Measures

The Corporation uses certain financial measures in this press release that have been derived from methods other than GAAP. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release.

FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
(dollars in thousands, except per share and shares data)
	Three months ended
	Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
	2026		2026		2025		2025		2025
Ending Balances
Investment securities(1)	$ 5,122,759		$  4,861,967		$ 4,833,744		$ 5,045,270		$ 5,093,027
Net loans	25,934,293		24,266,345		24,144,884		24,041,489		24,012,539
Total assets	34,556,720		32,237,438		32,118,400		31,995,086		32,040,448
Deposits	28,250,342		26,768,335		26,589,407		26,332,490		26,138,067
Shareholders' equity	3,815,813		3,505,283		3,490,447		3,413,598		3,329,246
Average Balances
Investment securities(1)	4,983,015		4,785,276		4,921,669		5,025,072		5,084,371
Net loans	25,883,823		24,225,655		24,053,089		24,020,322		23,899,743
Total assets	34,193,608		31,999,228		32,013,163		31,924,038		31,901,574
Deposits	28,014,666		26,451,094		26,537,659		26,298,680		26,125,602
Shareholders' equity	3,788,421		3,543,911		3,464,539		3,361,368		3,304,015
Income Statement
Net interest income	284,252		262,023		266,042		264,198		254,921
Provision for credit losses	4,897		14,442		2,948		10,245		8,607
Non-interest income	79,306		69,841		69,980		70,407		69,148
Non-interest expense	230,954		200,294		212,986		196,574		192,811
Income before taxes	127,707		117,128		120,088		127,786		122,651
Net income available to common shareholders	99,852		92,199		96,408		97,892		96,636
Per Share
Net income available to common shareholders (basic)	$0.52		$0.51		$0.53		$0.54		$0.53
Net income available to common shareholders (diluted)	$0.52		$0.51		$0.53		$0.53		$0.53
Operating net income available to common shareholders(2)	$0.60		$0.55		$0.55		$0.55		$0.55
Cash dividends	$0.19		$0.19		$0.19		$0.18		$0.18
Common shareholders' equity	$18.92		$18.52		$18.33		$17.81		$17.20
Common shareholders' equity (tangible)(2)	$15.61		$15.12		$14.92		$14.39		$13.78
Weighted average shares (basic)	191,386		179,720		180,405		181,658		182,261
Weighted average shares (diluted)	192,997		181,655		182,197		183,349		183,813
(1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
	Three months ended
	Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
	2026		2026		2025		2025		2025
Asset Quality
Net charge-offs to average loans (annualized)	0.34 %		0.25 %		0.24 %		0.18 %		0.20 %
Non-performing loans to total net loans	0.70 %		0.72 %		0.76 %		0.83 %		0.89 %
Non-performing assets to total assets	0.54 %		0.55 %		0.58 %		0.63 %		0.67 %
ACL - loans(1) to total loans	1.48 %		1.51 %		1.51 %		1.57 %		1.57 %
ACL - loans(1) to non-performing loans	211 %		209 %		198 %		189 %		177 %
Profitability
Return on average assets	1.20 %		1.20 %		1.23 %		1.25 %		1.25 %
Operating return on average assets(2)	1.39 %		1.30 %		1.27 %		1.29 %		1.30 %
Return on average common shareholders' equity	11.14 %		11.16 %		11.69 %		12.26 %		12.46 %
Operating return on average common shareholders' equity (tangible)(2)	15.71 %		14.76 %		14.86 %		15.79 %		16.26 %
Net interest margin	3.60 %		3.58 %		3.59 %		3.57 %		3.47 %
Efficiency ratio(2)	57.3 %		56.7 %		60.0 %		56.5 %		57.1 %
Non-interest expense to total average assets	2.71 %		2.54 %		2.64 %		2.44 %		2.42 %
Operating non-interest expense to total average assets(2)	2.47 %		2.42 %		2.53 %		2.38 %		2.36 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)	8.8 %		8.6 %		8.5 %		8.3 %		8.0 %
Tier 1 leverage ratio	9.9 %		9.9 %		9.7 %		9.6 %		9.4 %
Common equity Tier 1 capital ratio	12.1 %		11.9 %		11.8 %		11.6 %		11.3 %
Tier 1 risk-based capital ratio	12.8 %		12.7 %		12.6 %		12.4 %		12.1 %
Total risk-based capital ratio	15.9 %		15.2 %		15.2 %		15.0 %		14.7 %
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet     ("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
		2026		2026		2025		2025		2025
ASSETS
	Cash and due from banks	$   325,259		$   311,796		$   271,463		$   307,267		$   362,280
	Other interest-earning assets	1,076,395		871,066		911,155		643,111		583,899
	Loans held for sale	33,902		11,887		16,316		19,875		23,281
	Investment securities	5,122,759		4,861,967		4,833,744		5,045,270		5,093,027
	Net loans	25,934,293		24,266,345		24,144,884		24,041,489		24,012,539
	Less: ACL - loans(1)	(382,580)		(367,489)		(364,462)		(376,258)		(377,337)
	Loans, net	25,551,713		23,898,856		23,780,422		23,665,231		23,635,202
	Net premises and equipment	186,184		168,941		175,240		178,644		184,290
	Accrued interest receivable	121,220		112,083		113,698		114,003		117,130
	Goodwill and intangible assets	633,485		607,647		612,996		618,361		623,729
	Other assets	1,505,803		1,393,195		1,403,366		1,403,324		1,417,610
	Total Assets	$ 34,556,720		$ 32,237,438		$ 32,118,400		$ 31,995,086		$ 32,040,448
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$ 28,250,342		$ 26,768,335		$ 26,589,407		$ 26,332,490		$ 26,138,067
	Borrowings	1,713,976		1,252,579		1,297,375		1,471,961		1,773,900
	Other liabilities	776,589		711,241		741,171		777,037		799,235
	Total Liabilities	30,740,907		28,732,155		28,627,953		28,581,488		28,711,202
	Shareholders' equity	3,815,813		3,505,283		3,490,447		3,413,598		3,329,246
	Total Liabilities and Shareholders' Equity	$ 34,556,720		$ 32,237,438		$ 32,118,400		$ 31,995,086		$ 32,040,448
LOANS, DEPOSITS AND BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$ 10,914,813		$ 9,985,368		$ 9,820,944		$ 9,734,156		$ 9,678,038
	Commercial and industrial	4,559,732		4,494,031		4,539,060		4,437,905		4,541,765
	Real estate - residential mortgage	7,250,949		6,735,338		6,669,993		6,617,017		6,511,687
	Real estate - home equity	1,336,068		1,253,192		1,242,831		1,214,399		1,193,410
	Real estate - construction	946,654		876,498		970,298		1,134,748		1,155,099
	Consumer	570,093		565,041		564,349		566,291		583,949
	Leases and other loans(2)	355,984		356,877		337,409		336,973		348,591
	Total Net Loans	$ 25,934,293		$ 24,266,345		$ 24,144,884		$ 24,041,489		$ 24,012,539
Deposits, by type:
	Noninterest-bearing demand	$ 5,245,586		$ 5,334,920		$ 5,256,096		$ 5,136,210		$ 5,337,771
	Interest-bearing demand	8,146,057		7,823,683		7,970,188		8,035,393		7,593,083
	Savings	9,277,215		8,875,256		8,512,829		8,417,678		8,271,925
	Total demand and savings	22,668,858		22,033,859		21,739,113		21,589,281		21,202,779
	Brokered	975,204		715,850		855,042		709,667		817,398
	Time	4,606,280		4,018,626		3,995,252		4,033,542		4,117,890
	Total Deposits	$ 28,250,342		$ 26,768,335		$ 26,589,407		$ 26,332,490		$ 26,138,067
Borrowings, by type:
	Federal Home Loan Bank advances	$   552,500		$   200,000		$   250,000		$   450,000		$   800,000
	Senior debt and subordinated debt	469,668		367,720		367,637		367,557		367,476
	Other borrowings	691,808		684,859		679,738		654,404		606,424
	Total Borrowings	$ 1,713,976		$ 1,252,579		$ 1,297,375		$ 1,471,961		$ 1,773,900
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
			Three months ended										Six months ended
			Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Jun 30
			2026		2026		2025		2025		2025		2026		2025
Net Interest Income:
	Interest income		$ 428,154		$ 390,056		$ 403,416		$ 411,006		$ 402,761		$ 818,210		$ 802,452
	Interest expense		143,902		128,033		137,374		146,808		147,840		271,935		296,345
	Net Interest Income		284,252		262,023		266,042		264,198		254,921		546,275		506,107
	Provision for credit losses		4,897		14,442		2,948		10,245		8,607		19,339		22,505
	Net Interest Income after Provision		279,355		247,581		263,094		253,953		246,314		526,936		483,602
Non-Interest Income:
	Wealth management		23,139		24,496		23,879		22,639		22,281		47,635		44,066
	Commercial banking:
	Merchant and card		7,496		6,343		6,847		7,327		7,376		13,839		13,967
	Cash management		8,817		8,363		8,374		8,335		8,376		17,180		16,175
	Capital markets		3,530		3,614		3,730		2,908		2,945		7,144		5,356
	Other commercial banking		4,979		4,486		5,162		4,595		4,734		9,465		9,262
	Total commercial banking		24,822		22,806		24,113		23,165		23,431		47,628		44,760
	Consumer banking:
	Card		8,596		7,887		8,366		8,246		7,958		16,483		15,502
	Overdraft		3,858		3,798		4,109		4,153		3,817		7,656		7,112
	Other consumer banking		2,891		2,491		2,967		2,775		2,753		5,382		4,982
	Total consumer banking		15,345		14,176		15,442		15,174		14,528		29,521		27,596
	Mortgage banking		4,938		3,955		3,636		3,711		3,991		8,893		7,130
	Other		11,062		4,408		2,910		5,718		4,917		15,470		12,830
	Non-interest income before investment securities  (losses) gains		79,306		69,841		69,980		70,407		69,148		149,147		136,382
	Investment securities (losses) gains, net		—		—		—		—		—		—		(2)
	Total Non-Interest Income		79,306		69,841		69,980		70,407		69,148		149,147		136,380
Non-Interest Expense:
	Salaries and employee benefits		120,184		109,917		121,632		111,265		107,123		230,101		210,649
	Data processing and software		20,419		18,662		19,695		18,535		18,262		39,081		36,861
	Net occupancy		17,841		18,229		17,554		15,954		16,410		36,070		34,617
	Other outside services		14,999		12,750		13,105		12,951		12,009		27,749		23,846
	Intangible amortization		5,910		5,349		5,365		5,368		5,460		11,260		11,729
	FDIC insurance		4,430		4,249		4,540		5,089		4,951		8,679		10,549
	Equipment		4,086		3,924		4,001		3,926		4,100		8,010		8,249
	Marketing		2,818		2,331		1,694		2,470		2,604		5,149		5,124
	Professional fees		2,342		2,239		2,088		2,320		2,163		4,581		1,085
	Acquisition-related expenses		13,839		2,644		802		—		—		16,483		380
	Other		24,086		20,000		22,510		18,696		19,729		44,085		39,181
	Total Non-Interest Expense		230,954		200,294		212,986		196,574		192,811		431,248		382,270
	Income Before Income Taxes		127,707		117,128		120,088		127,786		122,651		244,835		237,712
	Income tax expense		25,293		22,367		21,118		27,332		23,453		47,660		45,527
	Net Income		102,414		94,761		98,970		100,454		99,198		197,175		192,185
	Preferred stock dividends		(2,562)		(2,562)		(2,562)		(2,562)		(2,562)		(5,124)		(5,124)
	Net Income Available to Common  Shareholders		$  99,852		$  92,199		$  96,408		$  97,892		$  96,636		$ 192,051		$ 187,061
			Three months ended										Six months ended
			Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Jun 30
			2026		2026		2025		2025		2025		2026		2025
PER SHARE:
	Net income available to common shareholders:
	Net income available to common shareholders (basic)		$0.52		$0.51		$0.53		$0.54		$0.53		$1.03		$1.03
	Net income available to common shareholders (diluted)		$0.52		$0.51		$0.53		$0.53		$0.53		$1.02		$1.02
	Cash dividends		$0.19		$0.19		$0.19		$0.18		$0.18		$0.38		$0.36
	Weighted average shares (basic)		191,386		179,720		180,405		181,658		182,261		185,585		182,220
	Weighted average shares (diluted)		192,997		181,655		182,197		183,349		183,813		187,377		183,999

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
		Three months ended
		June 30, 2026						March 31, 2026						June 30, 2025
		Average				Yield/		Average				Yield/		Average				Yield/
		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS
Interest-earning assets:
	Net loans(2)	$           25,883,823		$ 374,426		5.80 %		$           24,225,655		$ 341,843		5.70 %		$           23,899,742		$ 349,490		5.86 %
	Investment securities(3)	5,233,693		47,661		3.64 %		5,001,079		44,771		3.58 %		5,390,953		49,463		3.67 %
	Other interest-earning assets	997,586		10,377		4.17 %		773,171		7,745		4.05 %		682,075		8,197		4.82 %
	Total Interest-Earning Assets	32,115,102		432,464		5.40 %		29,999,905		394,359		5.31 %		29,972,770		407,150		5.44 %
Noninterest-earning assets:
	Cash and due from banks	310,904						300,074						277,880
	Premises and equipment	189,791						173,203						186,989
	Other assets	1,978,494						1,896,687						1,848,891
	Less: ACL - loans(4)	(400,683)						(370,641)						(384,956)
	Total Assets	$           34,193,608						$           31,999,228						$           31,901,574
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$ 8,279,932		$ 32,443		1.57 %		$ 7,774,121		$ 29,036		1.51 %		$ 7,800,881		$ 34,745		1.79 %
	Savings deposits	9,128,400		47,299		2.08 %		8,684,478		44,663		2.09 %		8,219,637		47,462		2.32 %
	Brokered deposits	887,546		8,589		3.88 %		856,823		8,210		3.89 %		688,957		7,495		4.36 %
	Time deposits	4,540,334		38,406		3.39 %		4,015,644		33,896		3.42 %		4,112,130		39,492		3.85 %
	Total Interest-Bearing Deposits	22,836,212		126,737		2.23 %		21,331,066		115,805		2.20 %		20,821,605		129,194		2.49 %
	Borrowings and other interest-bearing liabilities	1,744,871		17,165		3.95 %		1,359,113		12,228		3.65 %		1,756,246		18,646		4.26 %
	Total Interest-Bearing Liabilities	24,581,083		143,902		2.35 %		22,690,179		128,033		2.29 %		22,577,851		147,840		2.62 %
Noninterest-bearing liabilities:
	Demand deposits	5,178,454						5,120,028						5,303,997
	Other liabilities	645,650						645,110						715,711
	Total Liabilities	30,405,187						28,455,317						28,597,559
	Total Deposits	28,014,666				1.81 %		26,451,094				1.78 %		26,125,602				1.98 %
	Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)	29,759,537				1.94 %		27,810,207				1.87 %		27,881,848				2.13 %
	Shareholders' equity	3,788,421						3,543,911						3,304,015
	Total Liabilities and Shareholders' Equity	$           34,193,608						$           31,999,228						$           31,901,574
	Net interest income/net interest margin (fully taxable equivalent)			288,562		3.60 %				266,326		3.58 %				259,310		3.47 %
	Tax equivalent adjustment			(4,310)						(4,303)						(4,389)
	Net Interest Income			$ 284,252						$ 262,023						$ 254,921
	(1)  Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) Average balances include non-performing loans.
	(3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
	(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
		Three months ended
		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
		2026		2026		2025		2025		2025
Loans, by type:
	Real estate - commercial mortgage	$           10,887,986		$ 9,930,713		$ 9,785,717		$ 9,721,395		$ 9,652,320
	Commercial and industrial	4,602,800		4,522,694		4,473,522		4,494,662		4,530,085
	Real estate - residential mortgage	7,189,941		6,696,646		6,646,318		6,560,413		6,448,443
	Real estate - home equity	1,298,632		1,235,977		1,223,293		1,191,465		1,179,109
	Real estate - construction	962,625		926,026		1,014,343		1,125,130		1,172,138
	Consumer	592,106		576,852		577,136		590,658		599,505
	Leases and other loans(1)	349,733		336,747		332,760		336,599		318,142
	Total Net Loans	$           25,883,823		$           24,225,655		$           24,053,089		$           24,020,322		$           23,899,742
Deposits, by type:
	Noninterest-bearing demand	$ 5,178,454		$ 5,120,028		$ 5,243,390		$ 5,239,393		$ 5,303,997
	Interest-bearing demand	8,279,932		7,774,121		7,984,980		7,876,227		7,800,881
	Savings	9,128,400		8,684,478		8,519,075		8,391,379		8,219,637
	Total demand and savings	22,586,786		21,578,627		21,747,445		21,506,999		21,324,515
	Brokered	887,546		856,823		803,755		694,486		688,957
	Time	4,540,334		4,015,644		3,986,459		4,097,195		4,112,130
	Total Deposits	$           28,014,666		$           26,451,094		$           26,537,659		$           26,298,680		$           26,125,602
Borrowings, by type:
	Federal funds purchased	$        —		$        —		$        54		$        —		$     1,099
	Federal Home Loan Bank advances	475,983		221,039		237,880		484,022		712,198
	Senior debt and subordinated debt	509,493		367,679		367,598		367,517		367,438
	Other borrowings and other interest-bearing liabilities	759,395		770,395		740,305		713,456		675,511
	Total Borrowings	$ 1,744,871		$ 1,359,113		$ 1,345,837		$ 1,564,995		$ 1,756,246
(1) Includes equipment lease financing, overdraft and net origination fees and costs.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
			Six months ended June 30,
			2026						2025
			Average				Yield/		Average				Yield/
			Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS
Interest-earning assets:
	Net loans(2)		$    25,059,319		$    716,268		5.75 %		$    23,953,003		$    697,115		5.86 %
	Investment securities(3)		5,118,030		92,432		3.61 %		5,295,507		96,706		3.65 %
	Other interest-earning assets		885,999		18,122		4.12 %		737,302		17,361		4.74 %
	Total Interest-Earning Assets		31,063,348		826,822		5.35 %		29,985,812		811,182		5.44 %
Noninterest-Earning assets:
	Cash and due from banks		305,519						289,822
	Premises and equipment		181,545						189,108
	Other assets		1,937,815						1,856,900
	Less: ACL - loans(4)		(385,745)						(385,241)
	Total Assets		$    33,102,482						$    31,936,401
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
	Demand deposits		$     8,028,425		$     61,480		1.54 %		$     7,777,364		$     68,934		1.79 %
	Savings deposits		8,907,666		91,961		2.08 %		8,134,377		92,563		2.29 %
	Brokered deposits		872,269		16,798		3.88 %		796,243		17,533		4.44 %
	Time deposits		4,279,437		72,304		3.41 %		4,081,913		81,055		4.00 %
	Total Interest-Bearing Deposits		22,087,797		242,543		2.21 %		20,789,897		260,085		2.52 %
	Borrowings and other interest-bearing liabilities		1,553,057		29,392		3.82 %		1,755,577		36,260		4.17 %
	Total Interest-Bearing Liabilities		23,640,854		271,935		2.32 %		22,545,474		296,345		2.65 %
Noninterest-Bearing liabilities:
	Demand deposits		5,149,402						5,357,731
	Other liabilities		645,385						753,988
	Total Liabilities		29,435,641						28,657,193
	Total Deposits		27,237,199				1.80 %		26,147,628				2.01 %
	Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)		28,790,256				1.90 %		27,903,205				2.14 %
	Shareholders' equity		3,666,841						3,279,208
	Total Liabilities and Shareholders' Equity		$    33,102,482						$    31,936,401
	Net interest income/net interest margin (fully taxable equivalent)				554,887		3.59 %				514,837		3.45 %
	Tax equivalent adjustment				(8,612)						(8,730)
	Net Interest Income				$    546,275						$    506,107
	(1)  Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) Average balances include non-performing loans.
	(3) Average balances include amortized historical cost for AFS; the related unrealized holding gains (losses) are included in other assets.
	(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
			Six months ended June 30,
			2026		2025
Loans, by type:
	Real estate - commercial mortgage		$       10,403,830		$         9,653,793
	Commercial and industrial		4,571,311		4,569,027
	Real estate - residential mortgage		6,944,657		6,408,432
	Real estate - home equity		1,267,478		1,169,961
	Real estate - construction		944,248		1,233,770
	Consumer		584,521		607,578
	Leases and other loans(1)		343,274		310,442
	Total Net Loans		$       25,059,319		$       23,953,003
Deposits, by type:
	Noninterest-bearing demand		$         5,149,402		$         5,357,731
	Interest-bearing demand		8,028,425		7,777,364
	Savings		8,907,666		8,134,377
	Total demand and savings		22,085,493		21,269,472
	Brokered		872,269		796,243
	Time		4,279,437		4,081,913
	Total Deposits		$       27,237,199		$       26,147,628
Borrowings, by type:
	Federal funds purchased		$                 —		$                552
	Federal Home Loan Bank advances		349,215		710,790
	Senior debt and subordinated debt		438,978		367,398
	Other borrowings and other interest-bearing liabilities		764,865		676,837
	Total Borrowings		$         1,553,058		$         1,755,577
(1) Includes equipment lease financing, overdraft and net origination fees and costs.

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
		Three months ended										Six months ended
		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Jun 30		Jun 30
		2026		2026		2025		2025		2025		2026		2025
Allowance for credit losses related to net loans:
Balance at beginning of period		$         367,489		$         364,462		$         376,258		$         377,337		$         379,677		$          364,462		$          379,156
	Initial allowance for credit losses on purchased loans	30,993		3,351		—		—		—		34,344		—
	Loans charged off:
	Real estate - commercial mortgage	(10,789)		(4,102)		(14,104)		(3,906)		(6,402)		(14,891)		(18,508)
	Commercial and industrial	(12,015)		(10,545)		(5,295)		(5,847)		(5,780)		(22,560)		(9,645)
	Real estate - residential mortgage	(121)		(391)		(58)		(394)		(258)		(512)		(601)
	Consumer and home equity	(2,119)		(2,164)		(2,212)		(2,527)		(1,885)		(4,284)		(4,078)
	Real estate - construction	—		—		—		(5,286)		(100)		—		(100)
	Leases and other loans(1)	(966)		(1,116)		(1,140)		(1,479)		(1,491)		(2,081)		(3,018)
	Total loans charged off	(26,010)		(18,318)		(22,809)		(19,439)		(15,916)		(44,328)		(35,950)
Recoveries of loans previously charged off:
	Real estate - commercial mortgage	1,629		701		633		4,307		133		2,330		507
	Commercial and industrial	1,280		740		6,592		3,205		2,628		2,020		8,580
	Real estate - residential mortgage	197		72		230		33		203		268		377
	Consumer and home equity	484		584		861		726		899		1,068		1,559
	Real estate - construction	—		884		—		47		99		884		181
	Leases and other loans(1)	404		429		146		192		240		834		441
	Total recoveries of loans previously charged off	3,994		3,410		8,462		8,510		4,202		7,404		11,645
Net loans charged off		(22,016)		(14,908)		(14,347)		(10,929)		(11,714)		(36,924)		(24,305)
Provision for credit losses(2)		6,308		14,584		2,551		9,850		9,374		20,892		22,486
	Other	(194)		—		—		—		—		(194)		—
Balance at end of period		$         382,580		$         367,489		$         364,462		$         376,258		$         377,337		$          382,580		$          377,337
Net charge-offs to average loans(3)		0.34 %		0.25 %		0.24 %		0.18 %		0.20 %		0.30 %		0.20 %
Provision for credit losses related to OBS Credit Exposures
	Provision for credit losses(2)	$ (1,411)		$  (142)		$    397		$    395		$  (767)		$ (1,553)		$     19
NON-PERFORMING ASSETS:
	Non-accrual loans	$         146,457		$         142,035		$         153,872		$         150,137		$         182,942
	Loans 90 days past due and accruing	34,815		33,816		29,924		48,597		29,949
	Total non-performing loans	181,272		175,851		183,796		198,734		212,891
	Other real estate owned	5,791		1,648		1,365		2,305		2,706
	Total non-performing assets	$         187,063		$         177,499		$         185,161		$         201,039		$         215,597
NON-PERFORMING LOANS, BY TYPE:
	Commercial and industrial	$ 39,466		$ 47,759		$ 47,756		$ 48,817		$ 45,565
	Real estate - commercial mortgage	66,445		64,890		74,981		87,789		90,852
	Real estate - residential mortgage	56,821		47,826		45,569		44,689		37,703
	Consumer and home equity	12,387		12,339		11,875		12,658		11,109
	Real estate - construction	6,135		3,000		2,267		3,461		25,602
	Leases and other loans(2)	18		37		1,348		1,320		2,060
	Total non-performing loans	$         181,272		$         175,851		$         183,796		$         198,734		$         212,891
(1) Includes equipment lease financing, overdrafts and net origination fees and costs.
(2) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income.
(3) Quarterly results are annualized.

FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)
Explanatory note:	This press release contains supplemental financial information, as detailed below, that has been derived by methods other than GAAP. The Corporation has presented these 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-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:
						Three months ended
						Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
						2026		2026		2025		2025		2025
Operating net income available to common shareholders
Net income available to common shareholders						$     99,852		$    92,199		$    96,408		$    97,892		$    96,636
Less: Other (1)						—		—		(4,989)		(738)		(9)
Plus: Core deposit intangible amortization						5,816		5,255		5,255		5,255		5,346
Plus: Acquisition-related expense						13,839		2,644		802		—		—
Plus: FDIC special assessment						—		—		(95)		—		—
Plus: FultonFirst implementation and asset disposals						(189)		1,556		2,795		(207)		(270)
Plus: Debt extinguishment costs						787		—		—		—		—
Less: Tax impact of adjustments						(4,253)		(1,985)		(791)		(905)		(1,064)
Operating net income available to common shareholders (numerator)						$    115,852		$    99,669		$    99,385		$   101,297		$   100,639
Weighted average shares (diluted) (denominator)						192,997		181,655		182,197		183,349		183,813
Operating net income available to common shareholders, per share (diluted)						$       0.60		$      0.55		$      0.55		$      0.55		$      0.55
Common shareholders' equity (tangible), per share
Shareholders' equity						$  3,815,813		$ 3,505,283		$ 3,490,447		$ 3,413,598		$ 3,329,246
Less: Preferred stock						(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets						(633,485)		(607,647)		(612,996)		(618,361)		(623,729)
Tangible common shareholders' equity (numerator)						$  2,989,450		$ 2,704,758		$ 2,684,573		$ 2,602,359		$ 2,512,639
Shares outstanding, end of period (denominator)						191,461		178,843		179,895		180,865		182,379
Common shareholders' equity (tangible), per share						$      15.61		$     15.12		$     14.92		$     14.39		$     13.78
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction.
						Three months ended
						Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
						2026		2026		2025		2025		2025
Operating return on average assets
Net income						$    102,414		$    94,761		$    98,970		$   100,454		$    99,198
Less: Other (1)						—		—		(4,989)		(738)		(9)
Plus: Core deposit intangible amortization						5,816		5,255		5,255		5,255		5,346
Plus: Acquisition-related expense						13,839		2,644		802		—		—
Plus: FDIC special assessment						—		—		(95)		—		—
Plus: FultonFirst implementation and asset disposals						(189)		1,556		2,795		(207)		(270)
Plus: Debt extinguishment costs						787		—		—		—		—
Less: Tax impact of adjustments						(4,253)		(1,985)		(791)		(905)		(1,064)
Operating net income (numerator)						$    118,414		$   102,231		$   101,947		$   103,859		$   103,201
Total average assets						$ 34,193,608		$ 31,999,228		$ 32,013,163		$ 31,924,038		$ 31,901,574
Less: Average net core deposit intangible						(66,665)		(54,629)		(60,726)		(65,999)		(71,282)
Total operating average assets  (denominator)						$ 34,126,943		$ 31,944,599		$ 31,952,437		$ 31,858,039		$ 31,830,292
Operating return on average assets(2)						1.39 %		1.30 %		1.27 %		1.29 %		1.30 %
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders						$     99,852		$    92,199		$    96,408		$    97,892		$    96,636
Less: Other (1)						—		—		(4,989)		(738)		(9)
Plus: Intangible amortization						5,910		5,349		5,365		5,368		5,460
Plus: Acquisition-related expense						13,839		2,644		802		—		—
Plus: FDIC special assessment						—		—		(95)		—		—
Plus: FultonFirst implementation and asset disposals						(189)		1,556		2,795		(207)		(270)
Plus: Debt extinguishment costs						787		—		—		—		—
Less: Tax impact of adjustments						(4,273)		(2,005)		(814)		(929)		(1,088)
Adjusted net income available to common shareholders (numerator)						$    115,926		$    99,743		$    99,472		$   101,386		$   100,729
Average shareholders' equity						$  3,788,421		$ 3,543,911		$ 3,464,539		$ 3,361,368		$ 3,304,015
Less: Average preferred stock						(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Average goodwill and intangible assets						(635,278)		(610,262)		(615,600)		(620,986)		(626,383)
Average tangible common shareholders' equity (denominator)						$  2,960,265		$ 2,740,771		$ 2,656,061		$ 2,547,504		$ 2,484,754
Operating return on average common shareholders' equity (tangible)(2)						15.71 %		14.76 %		14.86 %		15.79 %		16.26 %
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity						$  3,815,813		$ 3,505,283		$ 3,490,447		$ 3,413,598		$ 3,329,246
Less: Preferred stock						(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets						(633,485)		(607,647)		(612,996)		(618,361)		(623,729)
Tangible common shareholders' equity (numerator)						$  2,989,450		$ 2,704,758		$ 2,684,573		$ 2,602,359		$ 2,512,639
Total assets						$ 34,556,720		$ 32,237,438		$ 32,118,400		$ 31,995,086		$ 32,040,448
Less: Goodwill and intangible assets						(633,485)		(607,647)		(612,996)		(618,361)		(623,729)
Total tangible assets (denominator)						$ 33,923,235		$ 31,629,791		$ 31,505,404		$ 31,376,725		$ 31,416,719
Tangible common equity to tangible assets						8.81 %		8.55 %		8.52 %		8.29 %		8.00 %
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction.
(2) Results are annualized.
						Three months ended
						Jun 30		Mar 31		Dec 31		Sep 30		Jun 30
						2026		2026		2025		2025		2025
Efficiency ratio
Non-interest expense						$    230,954		$   200,294		$   212,986		$   196,574		$   192,811
Less: Acquisition-related expense						(13,839)		(2,644)		(802)		—		—
Less: FDIC special assessment						—		—		95		—		—
Less: FultonFirst implementation and asset disposals						189		(1,556)		(2,795)		207		270
Less: Debt extinguishment costs						(787)		—		—		—		—
Less: Intangible amortization						(5,910)		(5,349)		(5,365)		(5,368)		(5,460)
Operating non-interest expense (numerator)						$    210,607		$   190,745		$   204,119		$   191,413		$   187,621
Net interest income						$    284,252		$   262,023		$   266,042		$   264,198		$   254,921
Tax equivalent adjustment						4,310		4,303		4,416		4,436		4,389
Plus: Total non-interest income						79,306		69,841		69,980		70,407		69,148
Less: Other revenue						—		—		11		(138)		(9)
Plus: Investment securities (gains) losses, net						—		—		—		—		—
Total revenue (denominator)						$    367,868		$   336,167		$   340,449		$   338,903		$   328,449
Efficiency ratio						57.3 %		56.7 %		60.0 %		56.5 %		57.1 %
Operating non-interest expense to total average assets
Non-interest expense						$    230,954		$   200,294		$   212,986		$   196,574		$   192,811
Less: Intangible amortization						(5,910)		(5,349)		(5,365)		(5,368)		(5,460)
Less: Acquisition-related expense						(13,839)		(2,644)		(802)		—		—
Less: FDIC special assessment						—		—		95		—		—
Less: FultonFirst implementation and asset disposals						189		(1,556)		(2,795)		207		270
Less: Debt extinguishment costs						(787)		—		—		—		—
Operating non-interest expense (numerator)						$    210,607		$   190,745		$   204,119		$   191,413		$   187,621
Total average assets (denominator)						$ 34,193,608		$ 31,999,228		$ 32,013,163		$ 31,924,038		$ 31,901,574
Operating non-interest expenses to total average assets(1)						2.47 %		2.42 %		2.53 %		2.38 %		2.36 %
(1) Results are annualized.
						Six months ended
						Jun 30		Jun 30
						2026		2025
Operating net income available to common shareholders
Net income available to common shareholders						$    192,051		$   187,061
Less: Other						—		(131)
Plus: Core deposit intangible amortization						11,070		11,501
Plus: Acquisition-related expense						16,483		380
Plus: FultonFirst implementation and asset disposals						1,367		(317)
Plus: Debt extinguishment costs						787		—
Less: Tax impact of adjustments						(6,238)		(2,401)
Operating net income available to common shareholders (numerator)						$    215,520		$   196,093
Weighted average shares (diluted) (denominator)						187,377		183,999
Operating net income available to common shareholders, per share (diluted)						$       1.15		$      1.07

 

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SOURCE Fulton Financial Corporation

FAQ

What were Fulton Financial’s (FULT) earnings for the second quarter of 2026?

Fulton Financial reported second-quarter 2026 net income available to common shareholders of $99.9 million, or $0.52 per diluted share. According to Fulton, operating net income was $115.9 million, or $0.60 per diluted share, reflecting sequential growth versus the first quarter of 2026.

How did the Blue Foundry Bancorp acquisition affect Fulton Financial (FULT) in Q2 2026?

The Blue Foundry Bancorp deal added about $2.1 billion of assets, including $1.6 billion of loans and $1.5 billion of deposits. According to Fulton, the transaction contributed $17.5 million to net interest income and increased non-interest expenses through acquisition-related and integration-driven costs.

How did Fulton Financial’s (FULT) loans and deposits change in the second quarter of 2026?

Total net loans increased to $25.9 billion and deposits to $28.3 billion as of June 30, 2026. According to Fulton, about $1.6 billion of loan growth and $1.2 billion of deposit growth came from the Blue Foundry acquisition, with additional organic loan and deposit changes.

What was Fulton Financial’s (FULT) net interest margin in Q2 2026 and how did it trend?

Fulton Financial’s net interest margin was 3.60% in the second quarter of 2026, up two basis points from 3.58% in the first quarter. According to Fulton, higher interest income on loans and securities offset increased interest expense on deposits and borrowings.

What were Fulton Financial’s (FULT) capital ratios and share repurchases in Q2 2026?

Fulton reported a common equity Tier 1 capital ratio of 12.1% and a tangible common equity ratio of 8.8% at June 30, 2026. According to Fulton, it repurchased 525,000 common shares for $11.1 million, totaling $35.6 million under the 2026 program year-to-date.

How did Fulton Financial’s (FULT) asset quality metrics look in the second quarter of 2026?

Annualized net charge-offs were 0.34% of average loans, up from 0.25% in the prior quarter. According to Fulton, non-performing assets were $187.1 million, or 0.54% of total assets, and the allowance for credit losses on loans was 1.48% of total net loans.

What was Fulton Financial’s (FULT) operating performance compared with the first quarter of 2026?

Operating diluted EPS increased to $0.60 from $0.55, and operating net income rose $16.2 million sequentially. According to Fulton, non-interest income and net interest income both grew, while higher operating expenses and interest costs partially offset these gains.