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Fulton Financial (NASDAQ: FULT) lifts Q2 earnings and closes Blue Foundry deal

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Fulton Financial Corporation reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter of 2026. Operating net income was $115.9 million, or $0.60 per diluted share, supported by a 3.60% net interest margin and an operating return on average assets of 1.39%.

The company completed the acquisition of Blue Foundry Bancorp on April 1, 2026, adding approximately $2.1 billion of assets, including $1.6 billion of loans and $1.5 billion of deposits, and later merged Blue Foundry Bank into Fulton Bank on July 11, 2026. Total net loans rose to $25.9 billion and deposits to $28.3 billion as of June 30, 2026, while non-interest income increased to $79.3 million. Management characterized the quarter as producing record financial results.

Credit quality indicators were stable, with an allowance for credit losses of $382.6 million, or 1.48% of total net loans, non-performing assets at 0.54% of total assets, and annualized net charge-offs of 0.34%. Capital remained strong, including a 12.1% common equity Tier 1 capital ratio and an 8.8% tangible common equity ratio. The company repurchased 525,000 shares for $11.1 million during the quarter, issued $300 million of subordinated notes due 2036, and redeemed $195 million of subordinated notes due 2030. Management provided 2026 operating guidance with non-FTE net interest income of $1.120–$1.135 billion and operating non-interest expense of $810–$830 million.

Positive

  • Record-like operating performance: Operating net income available to common shareholders reached $115.9 million, or $0.60 per diluted share, with operating ROAA of 1.39% and operating ROATCE of 15.71% in the second quarter of 2026.
  • Strategic Blue Foundry acquisition: Completed the Blue Foundry Bancorp transaction, adding approximately $2.1 billion of assets, including $1.6 billion of loans and $1.5 billion of deposits, expanding the franchise and balance sheet meaningfully.

Negative

  • None.

Filing Explained

The July 22, 2026 Form 8-K furnishes Fulton’s second-quarter results and presentation under Item 2.02; the company states these materials are not deemed filed for Section 18 purposes or incorporated by reference. A conference call and webcast to discuss them is scheduled for July 23, 2026 at 10:00 a.m. Eastern.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income available to common shareholders, Q2 2026 $99.9 million Three months ended June 30, 2026; increase of $7.7 million vs first quarter 2026
Operating net income to common, Q2 2026 $115.9 million Non-GAAP operating net income for the three months ended June 30, 2026
Diluted EPS, Q2 2026 $0.52 Net income available to common shareholders per diluted share for Q2 2026
Net interest margin 3.60% Net interest margin for the second quarter of 2026, up two basis points sequentially
Total assets $34,556,720 (dollars in thousands) Ending consolidated assets as of June 30, 2026
Allowance for credit losses to total loans 1.48% Allowance for credit losses on loans as a percentage of total net loans at June 30, 2026
Non-performing assets to total assets 0.54% Non-performing assets as a percentage of total assets at June 30, 2026
Common equity Tier 1 capital ratio 12.1% Preliminary CET1 regulatory capital ratio as of June 30, 2026
net interest margin financial
"Net interest margin remained solid at 3.60%, representing a two basis point increase"
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
"allowance for credit losses attributable to net loans of $382.6 million, or 1.48% of total 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.
tangible common equity ratio financial
"Tangible common equity ratio ("TCE") was 8.8% as of June 30, 2026"
Tangible common equity ratio measures how much real, loss-absorbing capital common shareholders have relative to a company's tangible assets—calculated by removing intangible items (like goodwill) and preferred equity from total equity and comparing that net amount to tangible assets. Think of it as the thickness of a safety cushion made of solid, visible value rather than accounting entries; investors use it to judge how well a company could withstand losses and protect common shareholders' claims.
subordinated notes financial
"issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036"
Subordinated notes are loans companies issue that rank below other debts for repayment, meaning holders get paid only after higher-priority creditors if the issuer runs into trouble. Because they act like being farther back in line at a buffet, they usually offer higher interest to compensate for greater risk, so investors watch them for potential higher returns but also increased chance of loss and sensitivity to the issuer’s financial health.
operating net income financial
"Operating net income available to common shareholders for the three months ended June 30, 2026 was $115.9 million"
efficiency ratio financial
"Efficiency ratio (2) was 57.3% in the second quarter of 2026"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Net income available to common shareholders $99.9 million +$7.7 million vs first quarter 2026
Diluted EPS $0.52 +$0.01 vs first quarter 2026
Operating net income available to common shareholders $115.9 million +$16.2 million vs first quarter 2026
Operating diluted EPS $0.60 +$0.05 vs first quarter 2026
Net interest margin 3.60% +2 basis points vs first quarter 2026
Guidance

2026 operating outlook includes non-FTE net interest income of $1.120–$1.135 billion, provision for credit losses of $40–$60 million, non-interest income of $290–$300 million, operating non-interest expense of $810–$830 million excluding CDI and non-operating items, and an effective tax rate of 18.5–19.5%.

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

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FAQ

What were Fulton Financial (FULT) key earnings results for the second quarter of 2026?
Fulton Financial reported net income to common of $99.9 million, or $0.52 diluted EPS, in Q2 2026. Operating net income was $115.9 million, or $0.60 per diluted share, with an operating return on average assets of 1.39%.

How did the Blue Foundry Bancorp acquisition affect FULT’s balance sheet?
The Blue Foundry Bancorp transaction added about $2.1 billion of assets, including $1.6 billion of loans and $1.5 billion of deposits. As of June 30, 2026, FULT’s total net loans reached $25.9 billion and deposits totaled $28.3 billion.

What asset quality metrics did Fulton Financial (FULT) report for June 30, 2026?
Fulton Financial reported an allowance for credit losses on loans of $382.6 million, or 1.48% of total net loans. Non-performing assets were $187.1 million, or 0.54% of total assets, and annualized net charge-offs were 0.34% of average loans.

What are FULT’s key capital ratios and share repurchase actions?
As of June 30, 2026, FULT’s common equity Tier 1 ratio was 12.1% and its tangible common equity ratio was 8.8%. During Q2 2026, it repurchased 525,000 common shares for $11.1 million under a $150 million 2026 repurchase program.

How did Fulton Financial’s (FULT) net interest income and margin trend in Q2 2026?
Net interest income rose to $284.3 million in Q2 2026, up $22.2 million from Q1 2026. The net interest margin was 3.60%, a two basis point increase, supported by a 5.80% loan yield and total deposit cost of 1.81%.

What 2026 operating guidance did Fulton Financial (FULT) provide?
Guidance includes non-FTE net interest income of $1.120–$1.135 billion, provision for credit losses of $40–$60 million, non-interest income of $290–$300 million, operating non-interest expense of $810–$830 million, and an effective tax rate of 18.5–19.5%.

What debt capital actions did Fulton Financial (FULT) take in Q2 2026?
On May 5, 2026, FULT issued $300.0 million of 5.950% fixed-to-floating rate subordinated notes due 2036. On June 15, 2026, it redeemed $195.0 million of 3.250% fixed-to-floating rate subordinated notes due 2030, reshaping its subordinated debt profile.
0000700564false00007005642026-07-222026-07-220000700564us-gaap:CommonStockMember2026-07-222026-07-220000700564us-gaap:SeriesAPreferredStockMember2026-07-222026-07-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

July 22, 2026
Date of Report (date of earliest event reported)

Fulton Financial Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania
001-39680
23-2195389
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
One Penn Square,
P.O. Box 4887
Lancaster,
Pennsylvania
17604
               (Address of Principal Executive Offices)
(Zip Code)
(717) 291-2411
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $2.50FULTThe Nasdaq Stock Market, LLC
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
FULTPThe Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o



Item 2.02 Results of Operations and Financial Condition.

    On July 22, 2026, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the second quarter ended June 30, 2026. A copy of the Press Release and supplementary financial information which accompanied the Press Release are attached as Exhibit 99.1 to this Current Report on Form 8-K (this "Current Report") and are incorporated herein by reference. The Corporation also posted on its Investor Relations website, www.fultonbank.com, presentation materials the Corporation intends to use during a conference call and webcast to discuss those results on Thursday, July 23, 2026 at 10:00 a.m. eastern time. A copy of the presentation materials is attached as Exhibit 99.2 to this Current Report and is incorporated herein by reference.    

The information in this Item 2.02, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.
(d)    Exhibits.
Exhibit No.Description
99.1
Press release dated July 22, 2026 containing financial information for the second quarter ended June 30, 2026, deemed furnished under the Securities Exchange Act of 1934.
99.2
Presentation materials to be discussed during the conference call and webcast on July 23, 2026, deemed furnished under the Securities Exchange Act of 1934.
104Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 22, 2026
FULTON FINANCIAL CORPORATION
By: /s/ Richard S. Kraemer
       Richard S. Kraemer
       Senior Executive Vice President and
       Chief Financial Officer




Exhibit 99.1

FULTON FINANCIAL
CORPORATION
FOR IMMEDIATE RELEASE
Media Contact: Lacey Dean (717) 735-8688
Investor Contact: Rick Kraemer (717) 327-2567


Fulton Financial Corporation Announces Second Quarter 2026 Results

(July 22, 2026) – Lancaster, PA – 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
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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.

3


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.






4


(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.





















5



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
6


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).


















7


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 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
Ending Balances
Investment securities(1)
$5,122,759$4,861,967$4,833,744$5,045,270$5,093,027
Net loans25,934,29324,266,34524,144,88424,041,48924,012,539
Total assets34,556,72032,237,43832,118,40031,995,08632,040,448
Deposits28,250,34226,768,33526,589,40726,332,49026,138,067
Shareholders' equity3,815,8133,505,2833,490,4473,413,5983,329,246
Average Balances
Investment securities(1)
4,983,0154,785,2764,921,6695,025,0725,084,371
Net loans25,883,82324,225,65524,053,08924,020,32223,899,743
Total assets34,193,60831,999,22832,013,16331,924,03831,901,574
Deposits28,014,66626,451,09426,537,65926,298,68026,125,602
Shareholders' equity3,788,4213,543,9113,464,5393,361,3683,304,015
Income Statement
Net interest income284,252 262,023 266,042 264,198 254,921 
Provision for credit losses4,897 14,442 2,948 10,245 8,607 
Non-interest income79,306 69,841 69,980 70,407 69,148 
Non-interest expense230,954 200,294 212,986 196,574 192,811 
Income before taxes127,707 117,128 120,088 127,786 122,651 
Net income available to common shareholders99,852 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.
8


Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
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 loans0.70 %0.72 %0.76 %0.83 %0.89 %
Non-performing assets to total assets0.54 %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 assets1.20 %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' equity11.14 %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 margin3.60 %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 assets2.71 %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 ratio9.9 %9.9 %9.7 %9.6 %9.4 %
Common equity Tier 1 capital ratio12.1 %11.9 %11.8 %11.6 %11.3 %
Tier 1 risk-based capital ratio12.8 %12.7 %12.6 %12.4 %12.1 %
Total risk-based capital ratio15.9 %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.

9

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
Jun 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
ASSETS
Cash and due from banks$325,259 $311,796 $271,463 $307,267 $362,280 
Other interest-earning assets1,076,395 871,066 911,155 643,111 583,899 
Loans held for sale33,902 11,887 16,316 19,875 23,281 
Investment securities5,122,759 4,861,967 4,833,744 5,045,270 5,093,027 
Net loans25,934,293 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, net25,551,713 23,898,856 23,780,422 23,665,231 23,635,202 
Net premises and equipment186,184 168,941 175,240 178,644 184,290 
Accrued interest receivable121,220 112,083 113,698 114,003 117,130 
Goodwill and intangible assets633,485 607,647 612,996 618,361 623,729 
Other assets1,505,803 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 
Borrowings1,713,976 1,252,579 1,297,375 1,471,961 1,773,900 
Other liabilities776,589 711,241 741,171 777,037 799,235 
    Total Liabilities30,740,907 28,732,155 28,627,953 28,581,488 28,711,202 
Shareholders' equity3,815,813 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 industrial4,559,732 4,494,031 4,539,060 4,437,905 4,541,765 
Real estate - residential mortgage7,250,949 6,735,338 6,669,993 6,617,017 6,511,687 
Real estate - home equity1,336,068 1,253,192 1,242,831 1,214,399 1,193,410 
Real estate - construction946,654 876,498 970,298 1,134,748 1,155,099 
Consumer570,093 565,041 564,349 566,291 583,949 
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 demand8,146,057 7,823,683 7,970,188 8,035,393 7,593,083 
Savings9,277,215 8,875,256 8,512,829 8,417,678 8,271,925 
     Total demand and savings22,668,858 22,033,859 21,739,113 21,589,281 21,202,779 
Brokered975,204 715,850 855,042 709,667 817,398 
Time4,606,280 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 debt469,668 367,720 367,637 367,557 367,476 
Other borrowings691,808 684,859 679,738 654,404 606,424 
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.
10

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
Three months endedSix months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30
2026202620252025202520262025
Net Interest Income:
Interest income$428,154 $390,056 $403,416 $411,006 $402,761 $818,210 $802,452 
Interest expense143,902 128,033 137,374 146,808 147,840 271,935 296,345 
    Net Interest Income284,252 262,023 266,042 264,198 254,921 546,275 506,107 
Provision for credit losses4,897 14,442 2,948 10,245 8,607 19,339 22,505 
    Net Interest Income after Provision279,355 247,581 263,094 253,953 246,314 526,936 483,602 
Non-Interest Income:
Wealth management23,139 24,496 23,879 22,639 22,281 47,635 44,066 
Commercial banking:
   Merchant and card7,496 6,343 6,847 7,327 7,376 13,839 13,967 
   Cash management8,817 8,363 8,374 8,335 8,376 17,180 16,175 
   Capital markets3,530 3,614 3,730 2,908 2,945 7,144 5,356 
   Other commercial banking4,979 4,486 5,162 4,595 4,734 9,465 9,262 
Total commercial banking24,822 22,806 24,113 23,165 23,431 47,628 44,760 
Consumer banking:
  Card8,596 7,887 8,366 8,246 7,958 16,483 15,502 
  Overdraft3,858 3,798 4,109 4,153 3,817 7,656 7,112 
  Other consumer banking2,891 2,491 2,967 2,775 2,753 5,382 4,982 
Total consumer banking15,345 14,176 15,442 15,174 14,528 29,521 27,596 
Mortgage banking4,938 3,955 3,636 3,711 3,991 8,893 7,130 
Other11,062 4,408 2,910 5,718 4,917 15,470 12,830 
Non-interest income before investment securities (losses) gains79,306 69,841 69,980 70,407 69,148 149,147 136,382 
Investment securities (losses) gains, net— — — — — — (2)
    Total Non-Interest Income79,306 69,841 69,980 70,407 69,148 149,147 136,380 
Non-Interest Expense:
Salaries and employee benefits120,184 109,917 121,632 111,265 107,123 230,101 210,649 
Data processing and software20,419 18,662 19,695 18,535 18,262 39,081 36,861 
Net occupancy17,841 18,229 17,554 15,954 16,410 36,070 34,617 
Other outside services14,999 12,750 13,105 12,951 12,009 27,749 23,846 
Intangible amortization5,910 5,349 5,365 5,368 5,460 11,260 11,729 
FDIC insurance4,430 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 
Marketing2,818 2,331 1,694 2,470 2,604 5,149 5,124 
Professional fees2,342 2,239 2,088 2,320 2,163 4,581 1,085 
Acquisition-related expenses13,839 2,644 802 — — 16,483 380 
Other24,086 20,000 22,510 18,696 19,729 44,085 39,181 
    Total Non-Interest Expense230,954 200,294 212,986 196,574 192,811 431,248 382,270 
    Income Before Income Taxes127,707 117,128 120,088 127,786 122,651 244,835 237,712 
Income tax expense25,293 22,367 21,118 27,332 23,453 47,660 45,527 
    Net Income102,414 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 
11

Three months endedSix months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30
2026202620252025202520262025
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 




12

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
June 30, 2026March 31, 2026June 30, 2025
AverageYield/AverageYield/AverageYield/
Balance
Interest(1)
RateBalance
Interest(1)
RateBalance
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 assets997,586 10,377 4.17 %773,171 7,745 4.05 %682,075 8,197 4.82 %
Total Interest-Earning Assets32,115,102 432,464 5.40 %29,999,905 394,359 5.31 %29,972,770 407,150 5.44 %
Noninterest-earning assets:
Cash and due from banks310,904 300,074 277,880 
Premises and equipment189,791 173,203 186,989 
Other assets1,978,494 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 deposits9,128,400 47,299 2.08 %8,684,478 44,663 2.09 %8,219,637 47,462 2.32 %
Brokered deposits887,546 8,589 3.88 %856,823 8,210 3.89 %688,957 7,495 4.36 %
Time deposits4,540,334 38,406 3.39 %4,015,644 33,896 3.42 %4,112,130 39,492 3.85 %
Total Interest-Bearing Deposits22,836,212 126,737 2.23 %21,331,066 115,805 2.20 %20,821,605 129,194 2.49 %
Borrowings and other interest-bearing liabilities1,744,871 17,165 3.95 %1,359,113 12,228 3.65 %1,756,246 18,646 4.26 %
Total Interest-Bearing Liabilities24,581,083 143,902 2.35 %22,690,179 128,033 2.29 %22,577,851 147,840 2.62 %
Noninterest-bearing liabilities:
Demand deposits5,178,454 5,120,028 5,303,997 
Other liabilities645,650 645,110 715,711 
Total Liabilities30,405,187 28,455,317 28,597,559 
Total Deposits28,014,666 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' equity3,788,421 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.



13

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
Loans, by type:
Real estate - commercial mortgage$10,887,986 $9,930,713 $9,785,717 $9,721,395 $9,652,320 
Commercial and industrial4,602,800 4,522,694 4,473,522 4,494,662 4,530,085 
Real estate - residential mortgage7,189,941 6,696,646 6,646,318 6,560,413 6,448,443 
Real estate - home equity1,298,632 1,235,977 1,223,293 1,191,465 1,179,109 
Real estate - construction962,625 926,026 1,014,343 1,125,130 1,172,138 
Consumer592,106 576,852 577,136 590,658 599,505 
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 demand8,279,932 7,774,121 7,984,980 7,876,227 7,800,881 
Savings9,128,400 8,684,478 8,519,075 8,391,379 8,219,637 
     Total demand and savings22,586,786 21,578,627 21,747,445 21,506,999 21,324,515 
Brokered887,546 856,823 803,755 694,486 688,957 
Time4,540,334 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 advances475,983 221,039 237,880 484,022 712,198 
Senior debt and subordinated debt509,493 367,679 367,598 367,517 367,438 
Other borrowings and other interest-bearing liabilities759,395 770,395 740,305 713,456 675,511 
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.

14

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Six months ended June 30,
20262025
AverageYield/AverageYield/
Balance
Interest(1)
RateBalance
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 assets885,999 18,122 4.12 %737,302 17,361 4.74 %
Total Interest-Earning Assets31,063,348 826,822 5.35 %29,985,812 811,182 5.44 %
Noninterest-Earning assets:
Cash and due from banks305,519 289,822 
Premises and equipment181,545 189,108 
Other assets1,937,815 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 deposits8,907,666 91,961 2.08 %8,134,377 92,563 2.29 %
Brokered deposits872,269 16,798 3.88 %796,243 17,533 4.44 %
Time deposits4,279,437 72,304 3.41 %4,081,913 81,055 4.00 %
Total Interest-Bearing Deposits22,087,797 242,543 2.21 %20,789,897 260,085 2.52 %
Borrowings and other interest-bearing liabilities1,553,057 29,392 3.82 %1,755,577 36,260 4.17 %
Total Interest-Bearing Liabilities23,640,854 271,935 2.32 %22,545,474 296,345 2.65 %
Noninterest-Bearing liabilities:
Demand deposits5,149,402 5,357,731 
Other liabilities645,385 753,988 
Total Liabilities29,435,641 28,657,193 
Total Deposits27,237,199 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' equity3,666,841 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.






15

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Six months ended June 30,
20262025
Loans, by type:
Real estate - commercial mortgage$10,403,830 $9,653,793 
Commercial and industrial4,571,311 4,569,027 
Real estate - residential mortgage6,944,657 6,408,432 
Real estate - home equity1,267,478 1,169,961 
Real estate - construction944,248 1,233,770 
Consumer584,521 607,578 
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 demand8,028,425 7,777,364 
Savings8,907,666 8,134,377 
   Total demand and savings22,085,493 21,269,472 
Brokered872,269 796,243 
Time4,279,437 4,081,913 
Total Deposits$27,237,199 $26,147,628 
Borrowings, by type:
Federal funds purchased $— $552 
Federal Home Loan Bank advances349,215 710,790 
Senior debt and subordinated debt438,978 367,398 
Other borrowings and other interest-bearing liabilities764,865 676,837 
Total Borrowings$1,553,058 $1,755,577 
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
16

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months ended Six months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30Jun 30
2026202620252025202520262025
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 30,9933,351———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 mortgage1,6297016334,3071332,330 507 
    Commercial and industrial1,2807406,5923,2052,6282,020 8,580 
    Real estate - residential mortgage1977223033203268 377 
    Consumer and home equity4845848617268991,068 1,559 
    Real estate - construction—884—4799884 181 
    Leases and other loans(1)
404429146192240834 441 
    Total recoveries of loans previously charged off3,9943,4108,4628,5104,2027,404 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)
6,30814,5842,5519,8509,37420,892 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 accruing34,81533,81629,92448,59729,949
    Total non-performing loans181,272175,851183,796198,734212,891
Other real estate owned5,7911,6481,3652,3052,706
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 mortgage66,44564,89074,98187,78990,852
Real estate - residential mortgage56,82147,82645,56944,68937,703
Consumer and home equity12,38712,33911,87512,65811,109
Real estate - construction6,1353,0002,2673,46125,602
Leases and other loans(2)
18371,3481,3202,060
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.
17

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 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
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 amortization5,8165,2555,2555,2555,346
Plus: Acquisition-related expense13,8392,644802——
Plus: FDIC special assessment——(95)——
Plus: FultonFirst implementation and asset disposals(189)1,5562,795(207)(270)
Plus: Debt extinguishment costs787————
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)192,997181,655182,197183,349183,813
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)191,461178,843179,895180,865182,379
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.
18

Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
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 amortization5,8165,2555,2555,2555,346
Plus: Acquisition-related expense13,8392,644802——
Plus: FDIC special assessment——(95)——
Plus: FultonFirst implementation and asset disposals(189)1,5562,795(207)(270)
Plus: Debt extinguishment costs787————
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 amortization5,9105,3495,3655,3685,460
Plus: Acquisition-related expense13,8392,644802——
Plus: FDIC special assessment——(95)——
Plus: FultonFirst implementation and asset disposals(189)1,5562,795(207)(270)
Plus: Debt extinguishment costs787————
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 assets8.81%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.
19

Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20262026202520252025
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 disposals189(1,556)(2,795)207270
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 adjustment4,3104,3034,4164,4364,389
Plus: Total non-interest income79,30669,84169,98070,40769,148
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 ratio57.3%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 disposals189(1,556)(2,795)207270
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 30Jun 30
20262025
Operating net income available to common shareholders
Net income available to common shareholders$192,051$187,061
Less: Other
—(131)
Plus: Core deposit intangible amortization11,070 11,501 
Plus: Acquisition-related expense16,483 380 
Plus: FultonFirst implementation and asset disposals1,367(317)
Plus: Debt extinguishment costs787—
Less: Tax impact of adjustments(6,238)(2,401)
Operating net income available to common shareholders (numerator)$215,520$196,093196,093
Weighted average shares (diluted) (denominator)187,377 183,999 
Operating net income available to common shareholders, per share (diluted)$1.15$1.07
20
© 2026 Fulton Financial Corporation. All rights reserved. Investor Presentation Data as of or for the period ended June 30, 2026, unless otherwise noted Please refer to the Glossary of Terms on slide [24] for the definitions of acronyms and capitalized terms used in this presentation. Certain financial measures in this presentation have been derived by methods other than generally accepted accounting principles (“GAAP”). These non-GAAP financial measures are reconciled to the most comparable GAAP measures at the end of this presentation.

 

© 2026 Fulton Financial Corporation. All rights reserved. Forward-Looking Statements 2 This presentation contains 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. Management's "2026 Operating Guidance" contained herein is comprised of forward-looking statements. 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 governme nt 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 effec ts 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 SEC and are, or will be, available in the Investor Relations se ction of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).

 

© 2026 Fulton Financial Corporation. All rights reserved. QUARTERLY FINANCIAL PERFORMANCE 3

 

© 2026 Fulton Financial Corporation. All rights reserved. 2Q26 1Q26 2Q26 1Q26 Net Income Available to Common Shareholders (dollars in millions) $99.9 $92.2 $115.9 $99.7 ROAA (annualized) 1.20% 1.20% 1.39% 1.30% ROATCE (annualized; non-GAAP) -- -- 15.71% 14.76% Efficiency Ratio (non-GAAP) -- -- 57.3% 56.7% Non-Interest Expense / Total Average Assets (annualized) 2.71% 2.54% 2.47% 2.42% Diluted EPS $0.52 $0.51 $0.60 $0.55 Operating PPNR (dollars in millions; non-GAAP) -- -- $152.9 $141.0 Operating PPNR / Average Assets (annualized; non-GAAP) -- -- 1.80% 1.79% GAAP Reported Operating(1) Second Quarter 2026 Financial Highlights 4 (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. Focus: • Strong Balance Sheet and Liquidity • Benefits Realization from Strategic Initiatives • Ongoing Commitment to Organizational Efficiency Productivity: • Disciplined and Profitable Growth • Solid Operating Profitability Metrics • Operating Net Income Available to Common Shareholders of $115.9 million or $0.60 per Diluted Share

 

© 2026 Fulton Financial Corporation. All rights reserved. 2Q26 1Q26 Linked-Quarter Change Net interest income $284,252 $262,023 $22,229 Provision for credit losses 4,897 14,442 (9,545) Non-interest income before investment securities gains (losses) 79,306 69,841 9,465 Investment securities gains (losses) - - - Non-interest expense 230,954 200,294 30,660 Income before income taxes 127,707 117,128 10,579 Income taxes 25,293 22,367 2,926 Net income 102,414 94,761 7,653 Preferred stock dividends (2,562) (2,562) - Net income available to common shareholders $99,852 $92,199 $7,653 Net income available to common shareholders, per share (diluted) $0.52 $0.51 $0.01 Operating net income available to common shareholders, per share (diluted) (1) $0.60 $0.55 $0.05 ROAA 1.20% 1.20% - Operating ROAA(1) 1.39% 1.30% 9 bps ROAE 11.14% 11.16% (2) bps Operating ROATCE(1) 15.71% 14.76% 95 bps Efficiency ratio(1) 57.3% 56.7% 60 bps (dollars in thousands, except per-share data) Second Quarter 2026 Income Statement Summary 5 (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.

 

© 2026 Fulton Financial Corporation. All rights reserved. Net Interest Income 6 • NIM was 3.60% in the second quarter of 2026, increasing two bps compared to the first quarter of 2026. • Loan yield of 5.80% increased ten bps during the second quarter of 2026 compared to the first quarter of 2026. • Total cost of deposits was 1.81% in the second quarter of 2026, a three bps increase compared to the first quarter of 2026. Average Interest-Earning Assets and YieldsHighlights Average Deposits and Borrowings & Other, Cost of Deposits and Cost of FundsNII(1) and NIM (1) NII on a non-FTE basis using a 21% federal tax rate and statutory interest expense disallowances. (m ill io ns ) (b ill io ns ) (b ill io ns )

 

© 2026 Fulton Financial Corporation. All rights reserved. Wealth management $23,139 $24,496 $23,879 $22,639 $22,281 ($1,357) Commercial banking 24,822 22,806 24,113 23,165 23,431 2,016 Consumer banking 15,345 14,176 15,442 15,174 14,528 1,169 Mortgage banking 4,938 3,955 3,636 3,711 3,991 983 Other 11,062 4,408 2,910 5,718 4,917 6,654 Non-interest income before investment securities gains (losses) $79,306 $69,841 $69,980 $70,407 $69,148 $9,465 Investment securities gains (losses), net – – – – – – Total Non-Interest Income $79,306 $69,841 $69,980 $70,407 $69,148 $9,465 Change Since 1Q262Q26(dollars in thousands) 1Q26 4Q25 3Q25 2Q25 Non-Interest Income Remains a Key Revenue Source at Over 20% of Total Revenue 7 Wealth Management AUM/AUA in excess of $18 billion Robust Commercial Fee Income Businesses Consistent Consumer Fees Three months ended June 30, 2026 Three months ended June 30, 2026 Total Revenue Non-Interest Income Diversified Non-Interest Income in Complementary Businesses

 

© 2026 Fulton Financial Corporation. All rights reserved. Salaries and employee benefits $120,184 $109,917 $121,632 $111,265 $107,123 $10,267 Data processing and software 20,419 18,662 19,695 18,535 18,262 1,757 Net occupancy 17,841 18,229 17,554 15,954 16,410 (388) Other outside services 14,999 12,750 13,105 12,951 12,009 2,249 Intangible amortization 5,910 5,349 5,365 5,368 5,460 561 FDIC insurance 4,430 4,249 4,540 5,089 4,951 181 Equipment 4,086 3,924 4,001 3,926 4,100 162 Professional fees 2,342 2,239 2,088 2,320 2,163 103 Acquisition-related expenses 13,839 2,644 802 – – 11,195 Other 26,904 22,331 24,204 21,166 22,333 4,573 Total non-interest expense $230,954 $200,294 $212,986 $196,574 $192,811 $30,660 Non-GAAP adjustments: Less: Intangible amortization (5,910) (5,349) (5,365) (5,368) (5,460) (561) Less: Acquisition-related expenses (13,839) (2,644) (802) – – (11,195) Less: FDIC special assessment – – 95 – – – Less: FultonFirst implementation and asset disposals 189 (1,556) (2,795) 207 270 1,745 Less: Debt extinguishment costs (787) – – – – (787) Operating non-interest expense(1) $210,607 $190,745 $204,119 $191,413 $187,621 $19,862 (dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 Change Since 1Q26 Efficiency Ratio(1) Disciplined Management of Non-Interest Expense Drives Earnings 8 (1) Non-GAAP financial measure. Please refer to the calculation and management’s reason for using this measure on the slide titl ed “Non-GAAP Reconciliation” at the end of this presentation. • The Blue Foundry Bancorp Transaction contributed approximately $10.5 million to operating non-interest expense in 2Q26 • Blue Foundry targeted cost-save run- rate expected to be achieved by 4Q26 • 2Q26 operating non-interest expense included a $2.1 million pension plan charge Highlights

 

© 2026 Fulton Financial Corporation. All rights reserved. Asset Quality 9 NPAs and NPAs/AssetsProvision for Credit Losses ACL(1)/NPLs and ACL/LoansNCOs and NCOs/Average Loans (m ill io ns ) (m ill io ns ) (m ill io ns ) (1) The ACL relates specifically to “Loans, net of unearned income” and does not include reserves related to off -balance sheet credit exposures.

 

© 2026 Fulton Financial Corporation. All rights reserved. Internal Capital Generation Enhancing Capital Ratios(1) 10 (4) (m ill io ns ) • Tangible capital(2) increased linked quarter by $285 million • AOCI of ($213) million at June 30, 2026 • Current common stock dividend of $0.19 per share • $115 million remaining share repurchase authorization in place through January 31, 2027 (3) • Issued $300 million of subordinated notes due 2036 on May 5, 2026, and redeemed $195 million of subordinated notes due 2030 on June 15, 2026 Highlights (1) Regulatory capital ratios and excess capital amounts as of June 30, 2026 are preliminary estimates. (2) Non-GAAP financial measure. 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. (3) Up to $25 million of the $150 million authorization may be used to repurchase the Corporation’s preferred stock or outstanding subordinated notes due 2035. (4) Excesses shown are to regulatory minimums, including the 250 bps capital conservation buffer, except for Tier 1 Leverage which is the well-capitalized minimum.

 

© 2026 Fulton Financial Corporation. All rights reserved. 2026 Operating Guidance 11 Non-FTE NII(1) [FTE Adjustment for NIM Calculation] [Purchase Accounting Accretion] $1.120 – $1.135 billion [$16 - $18 million] [~$55 million] Reflects low, single-digit organic loan growth plus Blue Foundry Bancorp Transaction [$4.0 - $4.5 million per quarter] Provision for Credit Losses $40 – $60 million Adjusted to reflect performance to date Non-Interest Income $290 – $300 million Includes income recognized from equity method investment sold during 2Q26 Non-Interest Expense(2) Non-Operating Assumptions: [2026 CDI expense] [Non-Operating Expenses] $810 – $830 million [~$23.9 million] [~$38.4 million] Assumes legacy Blue Foundry Bancorp operating non-interest expense of approximately $27 million Estimated Blue Foundry Bancorp Transaction acquisition-related expense and FultonFirst implementation expense Effective Tax Rate: 18.5% – 19.5% Income Statement Line Item Expected Range Outlook (1) Reflects no federal funds rate changes through the remainder of the year. (2) Excludes non-operating expenses and CDI amortization.

 

© 2026 Fulton Financial Corporation. All rights reserved. CORPORATE HIGHLIGHTS 12

 

© 2026 Fulton Financial Corporation. All rights reserved. A Community Bank Strategy, Operating on a Regional Scale 13 Execution of our Strategic Objectives has provided us with long-term growth in customers, exceptional customer experience and enhanced operational metrics, delivering results to our stakeholders Our Differentiator: Customer Intimacy

 

© 2026 Fulton Financial Corporation. All rights reserved. • Approximately $35 billion in assets, 216 financial centers, and more than 3,400 team members operating in a customer-dense Mid-Atlantic market(1) • Market capitalization of ~$4.6 billion(2) • Current valuation(2) of 11.6x TTM diluted EPS of $2.09 and 1.6x TBV(3) • Steady increase in shareholder value with a five-year CAGR in TBV per share, excluding AOCI(3), of 7.3% • Ten-year CAGR in common dividends of 6.6% • 3.14% dividend yield(4) • $115 million remaining of a $150 million share repurchase authorization(5) (1) As of June 30, 2026. (2) Based on shares outstanding of 191.5 million and closing price of $24.21 as of July 14, 2026. (3) As of June 30, 2026, TBV per share was $15.61. TBV per share is a non-GAAP financial measure. Please refer to the calculation and management’s reasons for using this measure on slides titled “Non-GAAP Reconciliation” at the end of this presentation. (4) Based on current quarterly common dividend of $0.19 per share and closing stock price of $24.21 per share as of July 14, 2026. (5) Authorization expires January 31, 2027. Up to $25 million of the $150 million authorization may be used to repurchase the Corporation’s preferred stock or outstanding subordinated notes due 2035. A Growing and Well-Positioned Franchise 14

 

© 2026 Fulton Financial Corporation. All rights reserved. Robust and Scalable Product Suite 15 Commercial Banking Consumer Banking Business Banking Treasury Management Wealth and Trust International Services Capital Markets Mortgage Banking • Significant technology spend over the past six years • Focus on digital enablement as a driver of growth, efficiency and service Well positioned to compete in and serve our market ROBUST PRODUCTS AND SERVICES INDUSTRY-LEADING TECHNOLOGY PLATFORMS NIMBLE COMPETITIVE POSITION

 

© 2026 Fulton Financial Corporation. All rights reserved. We Do What is Right - Corporate Social Responsibility 16 • 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 Corporation’s established Board governance and oversight support management’s efforts to build maturity and capability that drives impact. • The Climate Impact Working Group underscores the Corporation’s commitment to progressing its understanding of, and reporting on, climate-related risks and activities. PROTECTING THE ENVIRONMENT Environment The Corporation is committed to practicing environmental stewardship in its everyday operations. Operational measures like waste reduction and smart energy use, as well as financing sustainable projects, are core to these efforts. CORPORATE GOVERNANCE Governance Core values and guiding behavior lead the Corporation to demonstrate the highest professional and ethical standards in all business activities. The Corporation operates under a robust board- and management-level enterprise risk management structure. CHANGING LIVES FOR THE BETTER Employees The Corporation is committed to creating a workforce culture that is welcoming, engaging and inclusive. Customers Fulton Bank has a proven track record of fair and responsible banking – rated “Outstanding” for Community Reinvestment Act performance. Community Employees live and work in the communities we serve and want to see these communities thrive. Through the “Fulton Forward® initiative, the Corporation gives back by paying it forward. READ THE REPORT

 

© 2026 Fulton Financial Corporation. All rights reserved. A Balanced Business Model Delivering Strong Returns 17 • Non-interest income as a percentage of revenue of approximately 22% • Wealth management accounts for approximately 29% of total non-interest income, delivering an 8% five-year TTM CAGR, AUM/AUA of $18.4 billion and over 85% in recurring income • Commercial banking businesses representing approximately 31% of total non-interest income • Fulton Mortgage Company caters to the new home purchase business with the ability to leverage refinance activity into gain on sale revenue • A full-service commercial bank with robust treasury services, payment technology solutions, wealth management and full -service mortgage company • Ongoing investment in technology, digitally enabling a growing customer base • Serving a diversified, dense and economically stable market • Room to grow in existing markets and continue to penetrate both organically and inorganically • Organic growth strategy supplemented by inorganic, in-market opportunities • Low CRE concentration compared to peers(1) • Reduced financial center infrastructure over the last ten years, driving average deposits per financial center over $100 mill ion • Completed $4.8 billion transaction in 2024, $930.6 million acquisition in 2022 and acquired five wealth management firms sinc e 2018 • Effective April 1, 2026, closed the $2.1 billion Blue Foundry Bancorp Transaction • 2Q26 operating diluted EPS of $0.60(2) • Operating ROAA of 1.39%(2) in 2Q26 compared to 1.30%(2) in 1Q26 • 2Q26 operating ROATCE of 15.71%(2) compared to 14.76%(2) in 1Q26 • Efficiency ratio of 57.3%(2) and 56.7%(2) in 2Q26 and 1Q26, respectively • 2Q26 NCOs to average loans (annualized) of 34 bps; ACL to loans of 1.48% in addition to on-balance sheet purchase accounting marks Premier Franchise that Provides Expanding and Innovative Solutions Robust Combination of Diversified Business Lines and Fee Income Businesses Dynamic Growth Strategy Blending an Organic Engine with Inorganic Opportunities Attractive Risk- Adjusted Profitability and Returns (1) For a list of peers please see page 37 of the Corporation’s proxy statement dated April 1, 2026. (2) Non -GAAP financial measure. Please refer to the calculation and management’s reasons for using this measure on slides titled “Non-GAAP Reconciliation” at the end of this presentation.

 

© 2026 Fulton Financial Corporation. All rights reserved. A Diversified Loan Portfolio with Growth in Multiple Categories 18 Loan Mix By Product(1) Highlights • The loan portfolio has grown $7.0 billion since 2020 • A balanced loan mix enhanced by 2022 and 2023 adjustable-rate mortgage growth outpacing other categories Commercial Mortgage Non-Owner Occupied Portfolio 18 (b ill io ns ) (1) Loan mix by product is based on ending balances for the periods ended December 31, 2020 to June 30, 2026. The C&I category includes Paycheck Protection Program loan growth and forgiveness. The Construction category includes residential and commercial construction loans. The Commercial Mortgage category includes both owner and non-owner occupied loans.

 

© 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) • 918,337 deposit accounts • $31,079 average account balance • Average account age of ~nine years • 25% net estimated uninsured deposits • 283% coverage of net estimated uninsured deposits Deposit Mix By Customer 19 (b ill io ns ) (1) Deposit mix by product is based on ending balances for the periods ended December 31, 2020 to June 30, 2026. (2) As of Ju ne 30, 2026. Estimated uninsured deposits net of collateralized municipal deposits and inter-company deposits.

 

© 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 20 Interest-Earning Assets 20 (June 30, 2026) Interest-Bearing Liabilities(3) (June 30, 2026) Variable Rate Loans Non-maturity Deposits Fixed and Adjustable Asset Repricing Schedule (m ill io ns ) (m ill io ns ) (m ill io ns ) (m ill io ns ) Time Deposits and Borrowings Repricing Schedule (2) (1) “Repricing” includes contractual repricing of adjustable-rate loans, plus estimated cashflows and maturities of fixed rate assets and liabilities assumed within the time frames presented. (2) Other includes non-accrual loan balances, fair value purchase accounting marks and net origination fees and costs. (3) Time Deposits include brokered CDs.

 

© 2026 Fulton Financial Corporation. All rights reserved. Mature and Growing Wealth Management Business, Consistent Non-interest Income and Diversified Client Base Delivering Solid Results(1) 21 Over 85% Recurring Income Client and Market Aligned Growth $94.2 Million TTM(3) Non-Interest Income Five Year CAGR of 8% Five Wealth Management Acquisitions Since 2018 Organic and Analytics Based Growth Strategy Wealth Management AUM/AUA(2) (b ill io ns ) (1) Wealth Management revenue does not include NII. (2) AUM and AUA are ending market values for the periods ended December 31, 2020 to June 30, 2026. (3) TTM through June 30, 2026 Wealth Management income.

 

© 2026 Fulton Financial Corporation. All rights reserved. Consistent Fee Income, Robust Suite of Commercial and Consumer Services 22 Repeatable Income Stream; Analytics-Based Cross-Sell Opportunity Optimized Account Framework and Exception Process; Multi- Channel Distribution Strategy Robust Back-to-Back Swap Program Serves Commercial Customers Financial Center Network and Loyal Customer Base Drive Consumer Fees Merchant and Card Income Cash Management Capital Markets Consumer Fees Commercial Non-Interest Income Consumer Non-Interest Income(2) (t ho us an ds ) (t ho us an ds ) (1) TTM through June 30, 2026 (2) Does not include gain on sale from residential mortgages. (1) (1)

 

© 2026 Fulton Financial Corporation. All rights reserved. Solid Asset Quality Trends Through Many Cycles 23 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 Commercial Banks are the 100 largest banks based on consolidated assets); Fulton historical data – S&P Capital IQ. Delinquency rates are non-seasonally adjusted and determined based on loans and leases past due 30 days or more and non-accrual loans. Charge-off rates are non- seasonally adjusted and are net of recoveries.

 

© 2026 Fulton Financial Corporation. All rights reserved. Glossary of Terms 24 Term/Acronym Defined As ACL Allowance for credit losses AOCI Accumulated other comprehensive income AUM Assets under management AUA Assets under administration Blue Foundry Bancorp Transaction On April 1, 2026, the Corporation completed its previously announced acquisition of Blue Foundry Bancorp. Following the acquisition, 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 on July 11, 2026, with Fulton Bank continuing as the surviving bank. bps Basis point or basis points C&I Commercial and industrial CAGR Compound annual growth rate CD Certificate of deposit CDI Core deposit intangible CET1 Common equity tier 1 capital CRE Commercial real estate EPS Earnings per share FDIC Federal Deposit Insurance Corporation Term/Acronym Defined As FTE Fully taxable-equivalent Fulton or the Corporation Fulton Financial Corporation Fulton Bank Fulton Bank, National Association GAAP Generally accepted accounting principles M&A Mergers and acquisitions NCO Net charge-off NII Net interest income NIM Net interest margin NPA Non-performing asset NPL Non-performing loan PPNR Pre-provision net revenue ROAA Return on average assets ROAE Return on average common shareholders’ equity ROATCE Return on average tangible common equity SEC U.S. Securities and Exchange Commission TBV Tangible book value TRBC Total risk-based capital TTM Trailing twelve months

 

© 2026 Fulton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 25

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Jun 30 Mar 31 2026 2026 Operating net income available to common shareholders Net income available to common shareholders 99,852$ 92,199$ Plus: CDI amortization 5,816 5,255 Plus: Acquisition-related expense 13,839 2,644 Plus: FultonFirst implementation and asset disposals (189) 1,556 Plus: Debt Extinguishment Costs 787 - Less: Tax impact of adjustments (4,253) (1,985) Operating net income available to common shareholders (numerator) 115,852$ 99,669$ Weighted average shares (diluted) (denominator) 192,997 181,655 Operating net income available to common shareholder, per share (diluted) 0.60$ 0.55$ 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-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. 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.

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Jun 30 Mar 31 2026 2026 Operating ROAA(1) Net income 102,414$ 94,761$ Plus: CDI amortization 5,816 5,255 Plus: Acquisition-related expense 13,839 2,644 Plus: FultonFirst implementation and asset disposals (189) 1,556 Plus: Debt Extinguishment Costs 787 - Less: Tax impact of adjustments (4,253) (1,985) Operating net income (numerator) 118,414$ 102,231$ Total average assets 34,193,608$ 31,999,228$ Less: Average net CDI (66,665) (54,629) Total operating average assets (denominator) 34,126,943$ 31,944,599$ Operating ROAA 1.39% 1.30% Non-GAAP Reconciliation 27 (1) Annualized.

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Jun 30 Mar 31 2026 2026 Operating ROATCE(1) Net income available to common shareholders 99,852$ 92,199$ Plus: Intangible amortization 5,910 5,349 Plus: Acquisition-related expense 13,839 2,644 Plus: FultonFirst implementation and asset disposals (189) 1,556 Plus: Debt Extinguishment Costs 787 - Less: Tax impact of adjustments (4,273) (2,005) Adjusted net income available to common shareholders (numerator) 115,926$ 99,743$ Average shareholders' equity 3,788,421$ 3,543,911$ Less: Average preferred stock (192,878) (192,878) Less: Average goodwill and intangible assets (635,278) (610,262) Average tangible common shareholders' equity (denominator) 2,960,265$ 2,740,771$ Operating ROATCE 15.71% 14.76% Non-GAAP Reconciliation 28 (1) Annualized.

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Jun 30 Mar 31 2026 2026 Operating non-interest expense to total average assets (1) Non-interest expense 230,954$ 200,294$ Less: Intangible amortization (5,910) (5,349) Less: Acquisition-related expense (13,839) (2,644) Less: FultonFirst implementation and asset disposals 189 (1,556) Less: Debt Extinguishment Costs (787) - Operating non-interest expense (numerator) 210,607$ 190,745$ Total average assets (denominator) 34,193,608$ 31,999,228$ Operating non-interest expense to total average assets 2.47% 2.42% Non-GAAP Reconciliation 29 (1) Annualized.

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands) Jun 30 Mar 31 2026 2026 Operating PPNR to average assets(1) Plus: NII 284,252$ 262,023$ Plus: Non-interest income 79,306 69,841 Less: Non-interest expense (230,954) (200,294) Plus: CDI amortization 5,816 5,255 Plus: Acquisition-related expense 13,839 2,644 Plus: Debt Extinguishment Costs 787 - Plus: FultonFirst implementation and asset disposals (189) 1,556 Operating PPNR (numerator) 152,857$ 141,025$ Total average assets 34,193,608$ 31,999,228$ Less: Average net CDI (66,665) (54,629) Average assets (denominator) 34,126,943$ 31,944,599$ Operating PPNR to average assets 1.80% 1.79% Non-GAAP Reconciliation 30 (1) Annualized.

 

© 2026 Fulton Financial Corporation. All rights reserved. (dollars in thousands) 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 (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$ NII 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 Plus: Other revenue - - 11 (138) (9) 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% Three months ended Non-GAAP Reconciliation 31

 

© 2026 Fulton Financial Corporation. All rights reserved. (dollars in thousands) Jun 30 Mar 31 2026 2026 Tangible common shareholders' equity Shareholders' equity 3,815,813$ 3,505,283$ Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (633,485) (607,647) Tangible common shareholders' equity 2,989,450$ 2,704,758$ Non-GAAP Reconciliation 32

 

© 2026 Fulton Financial Corporation. All rights reserved. Three months ended (dollars in thousands, except per share data) Jun 30 Jun 30 2026 2021 TBV per share Shareholders' equity 3,815,813$ 2,692,958$ Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (633,485) (536,847) Tangible common shareholders' equity (numerator) 2,989,450$ 1,963,233$ Shares outstanding, end of period (denominator) 191,461 162,988 TBV per share 15.61$ 12.05$ Book value per share 18.92$ 15.34$ TBV per share excluding AOCI Shareholders' equity 3,815,813$ 2,692,958$ Less: Preferred stock (192,878) (192,878) Less: Goodwill and intangible assets (633,485) (536,847) Tangible common shareholders' equity 2,989,450$ 1,963,233$ Less: AOCI (213,070) 47,201 Tangible common shareholders' equity excluding AOCI 3,202,520$ 1,916,032$ Shares outstanding, end of period (denominator) 191,461 162,988 TBV per share excluding AOCI 16.73$ 11.76$ Non-GAAP Reconciliation 33

 

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