Fulton Financial (FULT) details Q1 2026 results, capital and growth strategy
Rhea-AI Filing Summary
Fulton Financial Corporation furnished an investor presentation with preliminary first-quarter 2026 performance and balance sheet details, along with updates on its recent acquisitions. The company reports total assets of about $32 billion and a market capitalization of roughly $3.9 billion.
For 1Q26, Fulton posts operating diluted EPS of $0.55, an operating ROAA of 1.30% and operating ROATCE of 14.76%, supported by an efficiency ratio of 56.7%. Tangible book value per share is $15.12, or $16.36 excluding AOCI, with tangible common equity at 8.6% of tangible assets.
The bank highlights $17.1 billion of wealth management AUM/AUA, a diversified loan and deposit mix, and a $4.7 billion securities portfolio yielding 3.58%. It maintains a $0.19 quarterly common dividend and has $126 million remaining under a $150 million share repurchase authorization.
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Insights
Fulton shows solid Q1 profitability, strong capital and ongoing balance sheet diversification.
Fulton Financial outlines a franchise with about $32 billion in assets and a diversified revenue mix, including roughly $93.3 million in trailing twelve‑month wealth management income. Preliminary 1Q26 operating metrics such as 1.30% ROAA and 14.76% ROATCE point to healthy underlying profitability.
Credit and funding quality appear stable, with 1Q26 net charge‑offs at 25 basis points of average loans and an allowance for credit losses of 1.51% of loans. The deposit base is granular, with an average account age of around ten years and estimated net uninsured deposits at 24%, backed by 281% coverage.
Capital and shareholder returns remain important features. Tangible common equity stands at 8.6% of tangible assets, tangible book value per share is $15.12, and the quarterly dividend is $0.19 per share. A $150 million repurchase program, with $126 million remaining through January 31, 2027, provides additional flexibility alongside integration of recent acquisitions including Blue Foundry.
8-K Event Classification
Key Figures
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non-GAAP financial measures financial
allowance for credit losses financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Item 7.01 Regulation FD Disclosures
The attached presentation contains information that the members of Fulton Financial Corporation (the “Registrant”) management will use during visits with investors, analysts, and other interested parties to assist their understanding of the Registrant from time to time throughout the first quarter of 2026.
A copy of the presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K and is being furnished under Item 7.01 hereof and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), 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, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Other Exhibits.
(d) Exhibits.
| Number | Description |
| 99.1 | Investor Presentation, dated April 27, 2026 |
| 104 | Cover Page Interactive Data File (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.
| Fulton Financial Corporation | ||
| Date: April 27, 2026 | ||
| By: | /s/ Richard S. Kraemer | |
| Richard S. Kraemer | ||
| Senior Executive Vice President and Chief Financial Officer | ||
Exhibit 99.1
Fulton Financial Corporation © 2026 Fulton Financial Corporation. All rights reserved. Fixed Income Presentation Data as of or for the period ended March 31, 2026, unless otherwise noted
© 2026 Fulton Financial Corporation. All rights reserved. Forward Looking Statements & Non-GAAP Disclaimers As used in this presentation, the terms “Fulton", "the Company", "registrant", "we", "us", and "our" mean Fulton Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise. This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company’s predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies, federal reserve projected actions, or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expression or the negative version of such expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to significant risks and uncertainties (which change over time) and other factors, including, but not limited to, volatile market conditions and uncertain economic trends in the United States generally and in financial markets, particularly in the markets in which the Company operates and in which its loans are concentrated, including potential recessionary and other unfavorable conditions and trends related to housing markets, costs of living, unemployment levels, trade, monetary and fiscal policies, interest rates, supply chain issues, inflation, economic growth, the uncertain effects of geopolitical instability, armed conflicts, public health crises, inflation, interest rates and actions taken in response thereto on our business, results of operations, capital and liquidity, the possibility that revenue or expense synergies and other expected benefits of the Company's acquisition ("the Transaction") of Blue Foundry Bancorp ("Blue Foundry"), including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the impact of, or challenges arising from, the integration of Blue Foundry into the Company or as a result of the strength of the economy, competitive factors in the areas where the Company and Blue Foundry do business, or as a result of other unexpected factors or events; reputational risks and potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Transaction; diversion of management’s attention and time from ongoing business operations and other opportunities on matters relating to the Transaction; unanticipated challenges or delays in the integration of Blue Foundry’s business into the Company's business and/or the conversion of Blue Foundry’s operating systems and customer data onto the Company’s, which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties are discussed in detail in the Company’s Form 10-K for the year ended December 31, 2025 and other documents filed by the Company with the Securities and Exchange Commission (“SEC”) from time to time. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date on which they are made, and the Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. 2 Forward Looking Statements: This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes these non-GAAP financial measures are useful measures for management and investors to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. You should not rely on these non-GAAP financial measures as a substitute for, or as superior to, GAAP results. Non-GAAP financial measures have inherent limitations, are not uniformly applied and are not audited. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. For a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix. Non-GAAP Financial Measures: This presentation has been prepared by the Company solely for informational purposes and information contained herein constitutes confidential information and is provided to you on the condition that you will hold it in strict confidence and not reproduce, disclose, forward or distribute it to any third party in whole or in part without the prior written consent of the Company. This presentation is not an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction where such offer or sale is not permitted. Neither the SEC, Federal Deposit Insurance Corporation, nor any state securities commission has approved or disapproved of the securities of the Company or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense. The Company has filed a shelf registration statement (including a base prospectus) (File No. 333-289488) with the SEC. Any offering of securities will be made only of a prospectus supplement and accompanying prospectus filed with the SEC. In the event the Company proceeds with an offering, before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and any such offering. You may access these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the related preliminary prospectus supplement if you request it by contacting Piper Sandler & Co. toll-free at 866-805-4128 or emailing fsg-dcm@psc.com or by calling J.P. Morgan Securities LLC at 212-834-4533. Certain information contained in this presentation related to or is based on publications and other data obtained from third party sources. While the Company believes these third party sources to be reliable as of the date of this presentation, the Company has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third party sources. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof. Disclaimer: Preliminary Financial Information This presentation includes certain preliminary unaudited financial information and expectations relating to the first quarter of 2026. Our full unaudited financial statements as of and for the three months ended March 31, 2026 are not yet available. In the opinion of management, such unaudited financial information includes all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of our financial position and results of operations for such period. These results are also subject to further revision based upon the review of our independent auditors of such quarterly results and an audit by our independent auditors of our annual results for the year ended December 31, 2026. Therefore, no assurance can be given that, upon completion of our review and the review of our independent auditors, we will not report materially different financial results than those set forth in this presentation. We cannot assure you that such results will be indicative of our results for the entire year ending December 31, 2026. Further, although this presentation describes the current estimated impact of our potential use of a portion of the proceeds from this offering, any such actions will depend on a number of factors, including market conditions and business developments. We are not required to apply any portion of the net proceeds of this offering for any particular purpose, and our management will have broad discretion in allocating the net proceeds of the offering. We do not intend to update or otherwise revise these expected events and estimates to reflect future events or changes in estimates and do not intend to disclose publicly whether our actual results will vary from our estimates other than through the release of actual results in the ordinary course of business. No independent public accounting firm has compiled, examined or performed any procedures with respect to the anticipated financial information contained above, nor have they expressed any opinion or other form of assurance on such information or its achievability. These estimates should not be regarded as a representation by us, our management or the underwriters as to our actual results for the first quarter. The assumptions and estimates underlying the estimated financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties, including those described under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our SEC filings. Accordingly, you should not place undue reliance on these estimates.
© 2026 Fulton Financial Corporation. All rights reserved. • $32 billion in assets, approximately 200 financial centers, 200 commercial sales professionals, 100mortgage loan officers, and more than 3,300 team members operating in a customer-dense Mid-Atlantic market(1) • Market capitalization of ~$3.9 billion(2) • Current valuation(2) of 10.5x TTM diluted EPS of $2.10 and 1.2x BV (1.5x TBV (3)) • Steady increase in shareholder value with a five-year TBV per share CAGR since Q1 ‘21, excluding AOCI(3), of 7.2% • Ten-year CAGR in common dividendsof 7.8% (4) • 3.46%dividend yield(4) • $126 million remaining of a $150 million share repurchase authorization(5) • Fulton completed the acquisition of Blue Foundry on April 1, 2026. Blue Foundry’s total assets as of March 31, 2026 were $2.1 billion A Growing and Well-Positioned Franchise 3 (1) As of March 31, 2026. (2) Based on shares outstanding of 178.8 million and closing price of $21.99 as of April 17, 2026. (3) As of March 31, 2026, TBV per share was $15.12. TBV and TBV per share are non-GAAP financial measures. Please refer to the reconciliation on the 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 $21.62 per share as of April 13, 2026, the future payment of dividends is not guaranteed and is subject to various factors, including approval by the Company's board of directors (“the board”) and any applicable regulatory approvals. (5) Authorization expires January 31, 2027. Up to $25 million of the $150 million authorization may be used to repurchase the Company’s preferred stock or outstanding subordinated notes. Future repurchases of securities are at the sole discretion of the board and there is no guarantee any repurchases of shares will occur even with an authorized amount for repurchases. Map does not include Blue Foundry locations
© 2026 Fulton Financial Corporation. All rights reserved. A Balanced Business Model Delivering Strong Returns 4 • Non-interest income as a percentage of revenue of approximately 21% as of March 31, 2026 • Wealth management accounts for approximately 1/3 of total non-interest income, delivering a 9% 5-year TTM CAGR since Q1 ‘21, AUM/AUA of $17.1 billion and over 85% in recurring income as of March 31, 2026 • Commercial banking businesses representing approximately 1/3 of total non-interest income as of March 31, 2026 • 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 • Ongoinginvestment 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 bank-level CRE concentration (190%) as of March 31, 2026 when historically compared to peers(1) • Reduced financial center infrastructure over the last ten years, driving average deposits per financial center over $100 million • Completed $4.8 billion transaction in 2024, $930.6 million acquisition in 2022, acquired five wealth management firms since 2018, and effective April 1, 2026, closed the Blue Foundry acquisition(2) •Operate in a target-rich market with over 40 in-market banking institutions that fit our M&A criteria and strategy • 1Q26 operating diluted EPS of $0.55(3) • Operating ROAA of 1.30%(3) in 1Q26 compared to 1.27%(3) in 4Q25 • 1Q26 operating ROATCE of 14.76%(3) compared to 14.86%(3) in 4Q25 • Efficiency ratio of 56.7%(3) and 60.0%(3) in 1Q26 and 4Q25, respectively • 1Q26 NCOs to average loans (annualized) of 25 bps; ACL to loans of 1.51% in addition to on-balance sheet purchase accounting marks Premier Franchise that Provides Expanding andInnovative 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 Company’s proxy statement dated April 1, 2026. (2) Blue Foundry’s total assets as of March 31, 2026 were $2.1 billion. (3) Non-GAAP financial measure. Please refer to the reconciliation on the slides titled “Non-GAAP Reconciliation” at the end of this presentation.
© 2026 Fulton Financial Corporation. All rights reserved. Robust and Scalable Product Suite 5 Commercial Banking Consumer Banking Business Banking TreasuryManagement Wealth andTrust InternationalServices CapitalMarkets MortgageBanking •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 ROBUSTPRODUCTS AND SERVICES INDUSTRY-LEADINGTECHNOLOGYPLATFORMS NIMBLECOMPETITIVEPOSITION
© 2026 Fulton Financial Corporation. All rights reserved. A Community Bank Strategy, Operating on a Regional Scale 6 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. Fulton Financial Corporation Market Total MSA Market Rank FULT Total Branches 2025 FULT Total Deposits 2025 ($000) FULT Total Deposit Market Share 2025 (%) Branches #(1) Total Deposits ($000) Median Household Income 2026 ($)(1) 5-yr Cumulative Proj. Household Income Growth 2026-2031 (%)(1) 5-yr Cumulative Proj. Population Growth 2026-2031 (%) (1) Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 10 71 8,441,061 1.30 1,370 648,073,691 95,664 10.8 1.31 Lancaster, PA 1 20 5,016,989 28.40 153 17,665,841 87,966 8.4 1.34 New York-Newark-Jersey City, NY-NJ 83 38 3,289,658 0.08 4,251 3,959,534,441 105,148 11.4 1.21 Allentown-Bethlehem-Easton, PA-NJ 4 15 1,962,110 8.80 193 22,289,558 89,496 11.3 2.32 Baltimore-Columbia-Towson, MD 11 13 1,214,918 1.19 522 101,739,695 102,689 9.6 0.29 York-Hanover, PA 3 7 1,190,576 12.49 90 9,534,965 87,779 8.5 2.90 Lebanon, PA 1 6 1,093,264 34.31 31 3,186,332 87,255 13.5 1.02 Harrisburg-Carlisle, PA 6 6 1,012,075 5.02 140 20,154,811 87,082 10.8 3.08 Reading, PA 6 7 830,930 3.92 91 21,180,952 82,588 10.2 2.13 Hagerstown-Martinsburg, MD-WV 3 4 629,938 11.04 70 5,706,649 83,522 12.7 4.97 Top 10 Fulton Financial Corporation MSAs(2) 187 24,681,519 0.51 6,911 4,809,066,935 93,364(3) 10.4(3) 1.6(3) Total Franchise 226 27,835,340 0.52 9,046 5,370,637,600 92,869(3) 10.3(3) 1.7(3) Well Positioned in Attractive and Stable Markets 7 (1) Demographic data as of April 14, 2026. (2) Top 10 Company MSAs ranked by total deposits, descending. (3) Top 10 and total franchise projected household income growth and projected population growth reflects weighted average based on deposits. Note: Deposit market share data as of June 30, 2025 annual FDIC survey. Source: S&P Capital IQ Pro.
© 2026 Fulton Financial Corporation. All rights reserved. Deep Executive Bench Providing Continuity at Fulton 8 Name Position Years at Fulton Years in Financial Services Curt Myers Chairman, CEO & President 35 35 Rick Kraemer Chief Financial Officer 1 25 Meg Mueller Chief Credit Executive 29 39 Andy Fiol Chief Banking Officer 8 23 Atul Malhotra Chief Risk Officer 10 24 Kevin Gremer Chief Operatings and Technology Officer 1 28 John Glover Head of Commercial Banking 19 28 Josephine Mauriello Head of Consumer and Small Business 18 42
© 2026 Fulton Financial Corporation. All rights reserved. 1Q264Q251Q264Q25Net Income Available to Common Shareholders (dollars in millions)$92.2$96.4$99.7$99.4ROAA (annualized)1.20%1.23%1.30%1.27%ROATCE (annualized)----14.76%14.86%Efficiency Ratio ----56.7%60.0%Non-Interest Expense / Total Average Assets (annualized)2.54%2.64%2.42%2.53%Diluted EPS$0.51$0.53$0.55$0.55Operating PPNR ----$141.0$131.8Operating PPNR / Average Assets ----1.79%1.64%GAAP ReportedOperating(1) First Quarter 2026 Financial Highlights 9 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(1) of $99.7 million or $0.55 per Diluted Share (1) (1) All operating figures represent Non-GAAP financial data. Please refer to the reconciliations on the slides titled “Non-GAAP Reconciliation” at the end of this presentation. Note: Dashes represent Non-GAAP data that is not applicable to the GAAP Reported table.
© 2026 Fulton Financial Corporation. All rights reserved. 9.9%10.0%10.3%10.8%11.8%11.9%202120222023202420252026Q184.9%98.2%99.1%92.0%90.8%90.7%202120222023202420252026Q17.8%6.9%7.4%7.5%8.5%8.6%202120222023202420252026Q1 Consistent Balance Sheet Growth 10 Total Assets ($B) Total Deposits ($B) Gross Loans HFI ($B)$25.8$26.9$27.6$32.1$32.132.2(2)202120222023202420252026Q1 CET1 Ratio$21.6 $20.6 $21.5 $26.1 $26.6 $26.8 202120222023202420252026Q1$18.3 $20.3 $21.4 $24.0 $24.1 $24.3 202120222023202420252026Q1 Loan / Deposit Ratio Tang. Common Equity / Tang. Assets(3) (1) (1) Denotes FDIC-assisted transaction. (2) Total assets not shown pro forma for acquisition of Blue Foundry which was completed on April 1, 2026. Blue Foundry’s total assets as of March 31, 2026 were $2.1 billion. (3) Non-GAAP financial measure. Please refer to the reconciliations on the slides titled “Non-GAAP Reconciliation” at the end of this presentation.
© 2026 Fulton Financial Corporation. All rights reserved. Net Interest Income 11 •NIM was 3.58% in the first quarter of 2026, decreasing one bps compared to the fourth quarter of 2025. •Loan yield of 5.70% decreased 12 bps during the first quarter of 2026 compared to the fourth quarter of 2025. •Total cost of deposits was 1.78% in the first quarter of 2026, an eight bps decrease compared to the fourth quarter of 2025. Average Interest-Earning Assets and Yields Highlights Average Deposits and Borrowings & Other, Cost of Deposits and Cost of Funds NII(1) and NIM (millions) (billions) (billions) (1) NII on a non-FTE basis using a 21% federal tax rate and statutory interest expense disallowances.
© 2026 Fulton Financial Corporation. All rights reserved. Non-Interest Income Remains a Key Revenue Source at Over 20% of Total Revenue 12 Wealth Management AUM/AUA in excess of $17 billion as of March 31, 2026 Robust Commercial Fee Income Businesses Consistent Consumer Fees Three months ended 3/31/26 Three months ended 3/31/26 Total Revenue Non-Interest Income Diversified Non-Interest Income in Complementary Businesses Wealth management$24,496$23,879$22,639$22,281$21,785$617Commercial banking22,80624,11323,16523,43121,329(1,307)Consumer banking14,17615,44215,17414,52813,068(1,266)Mortgage banking3,9553,6363,7113,9913,138319Other4,4082,9105,7184,9177,9141,498Non-interest income before investment securities gains (losses)$69,841$69,980$70,407$69,148$67,234($139)Investment securities gains (losses), net––––(2)–Total Non-Interest Income$69,841$69,980$70,407$69,148$67,232($139) Change Since 4Q251Q26(dollars in thousands)4Q253Q252Q251Q25
© 2026 Fulton Financial Corporation. All rights reserved. Material and Consistent Fee Income, Robust Suite of Commercial and Consumer Services 13 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) (thousands) (thousands) (1) (1) (1) TTM through March 31, 2026 (2) Does not include gain on sale from residential mortgages.
© 2026 Fulton Financial Corporation. All rights reserved. Mature and Growing Wealth Management Businesses, Consistent Non-Interest Income and Diversified Client Base Delivering Solid Results(1) 14 Over 85% Recurring Income Client and Market Aligned Growth $93.3 Million TTM(3) Non-Interest Income represents a CAGR since Q1 ‘21 of 9% Five Wealth Management Acquisitions Since 2018 Organic and Analytics Based Growth Strategy Wealth Management AUM/AUA(2) (billions) (1) Wealth Management revenue does not include NII. (2) AUM and AUA are ending market values for the periods ended December 31, 2020 to March 31, 2026. (3) TTM through March 31, 2026 Wealth Management income.
© 2026 Fulton Financial Corporation. All rights reserved. Salaries and employee benefits$109,917$121,632$111,265$107,123$103,526($11,715)Data processing and software18,66219,69518,53518,26218,599(1,033)Net occupancy18,22917,55415,95416,41018,207675Other outside services12,75013,10512,95112,00911,837(355)Intangible amortization5,3495,3655,3685,4606,269(16)FDIC insurance4,2494,5405,0894,9515,597(291)Equipment3,9244,0013,9264,1004,150(77)Professional fees2,2392,0882,3202,163(1,078)151Acquisition-related expenses2,644802––3801,842Other22,33124,20421,16622,33321,973(1,873)Total non-interest expense$200,294$212,986$196,574$192,811$189,460($12,692)Non-GAAP adjustments:Less: Intangible amortization(5,349)(5,365)(5,368)(5,460)(6,269)16Less: Acquisition-related expenses(2,644)(802)––(380)(1,842)Less: FDIC special assessment–95–––(95)Less: FultonFirst implementation and asset disposals(1,556)(2,795)207270471,239Operating non-interest expense(1)$190,745$204,119$191,413$187,621$182,858($13,374)(dollars in thousands)1Q264Q253Q252Q251Q25 Change Since 4Q25 Efficiency Ratio(1) Disciplined Management of Non-Interest Expense Drives Earnings 15 • Salaries and employee benefits expense decreased primarily due to a decrease in incentive compensation expense in the first quarter of 2026 Highlights (1) Non-GAAP financial measure. Please refer to the reconciliation on the slides titled “Non-GAAP Reconciliation” at the end of this presentation. With respect to Operating non-interest expense, calculation and reconciliation to GAAP measure is included on this slide.
© 2026 Fulton Financial Corporation. All rights reserved. A Diversified Loan Portfolio with Growth in Multiple Categories 16 Loan Mix By Product(1) Highlights • The loan portfolio has grown $5.4 billion since 2020 •A balanced loan mix enhanced by 2022 and 2023 adjustable-rate mortgage growth outpacing other categories •Commercial mortgages remain a stable percentage of the mix Commercial Mortgage Non-Owner Occupied Portfolio 16 (billions) (1) Loan mix by product is based on ending balances for the periods ended December 31, 2020 to March 31, 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. Asset Quality 17 NPAs and NPAs / Assets (1) Provision for Credit Losses ACL(2) / NPLs and ACL / Loans NCOs and NCOs / Average Loans (millions) (millions) (millions) (1) NPAs include accruing loans past due 90 days or more (2) 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. A Deposit Portfolio That Is Granular, Tenured and Diversified With Significant Liquidity Coverage 18 Deposit Mix By Product(1) Highlights(2) • 878,495 deposit accounts •$30,919 average account balance •Average account age of ~ten years •24% net estimated uninsured deposits •281% coverage of net estimated uninsured deposits Q1 ‘26 Deposit Mix By Customer 18 (billions) (1) Deposit mix by product is based on ending balances for the periods ended December 31, 2020 to March 31, 2026. (2) As of March 31, 2026. Estimated uninsured deposits net of collateralized municipal deposits and inter-company deposits.
© 2026 Fulton Financial Corporation. All rights reserved. Investment Portfolio and Liquidity Review 19 High-Quality Investment Portfolio Provides Consistent Cash Flows and Borrowing Capacity Resi. MBS35%CMOs12%Comm. MBS53% HTM Portfolio at Amortized Cost as of March 31, 2026Resi. MBS22%CMOs31%Comm. MBS17%State & Muni.24%Corporate Bonds6% AFS Portfolio at Fair Value as of March 31, 2026 At March 31, 2026, Fulton’s securities portfolio totaled $4.7 Billion: •$1.4 Billion, or 30%, of held-to-maturity securities •$3.3 Billion, or 70%, of available for sale securities Fulton’s securities portfolio yielded 3.58% for the quarter ended March 31, 2026 •Investment securities carried at $0.5 billion were pledged as collateral to secure public and trust deposits. •Reported AOCI improved $49.7 million or 18.2% since Q1 ‘25 Portfolio Highlights as of March 31, 2026 $3.3 BN $1.4 BN Liquidity Review (1) Subordinated notes exclude unamortized discounts and issuance costs. (2) Includes repurchase agreements, short-term promissory notes, capital leases and collateral liabilities. (3) Shown net of outstanding advances and lines of credit. (4) Represents a weighted average of total borrowings and brokered deposits. Outstanding Avg. Rate Available Three Months Ended March 31, 2026 (thousands) (%) (thousands) Brokered Deposits $856,823 3.89% $4,187,657 FHLB advances 221,039 3.99 7,444,443(3) Federal reserve capacity -- -- 3,708,815 Fed funds lines -- -- 2,576,000 Subordinated debt due 2030(1) 195,000 5.98 -- Subordinated debt due 2035(1) 175,000 3.75 -- Other borrowings(2) 770,395 2.84 -- Total borrowings and brokered deposits $2,218,257 3.69%(4) $17,916,914
© 2026 Fulton Financial Corporation. All rights reserved. Internal Capital Generation Enhancing Capital Ratios(1) 20 (5) (millions) •Increased regulatory capital ratios provide operational and strategic flexibility •Tangible common shareholders’ equity(2) increased from Q4 ‘25 to Q1 ‘26 by $20 million •AOCI of ($222) million at March 31, 2026 •Current common stock dividend of $0.19(3) •$126 million remaining share repurchase authorization in place through January 31, 2027(4) Highlights As of March 31, 2026 (1) Regulatory capital ratios and excess capital amounts as of March 31, 2026 are preliminary estimates. (2) Non-GAAP financial measure. Please refer to the reconciliation on the slides titled “Non-GAAP Reconciliation” at the end of this presentation. (3) The future payment of dividends is not guaranteed and is subject to various factors, including approval by the board. (4) Up to $25 million of the $150 million authorization may be used to repurchase the Corporation’s preferred stock or outstanding subordinated notes. Future repurchases of securities are at the sole discretion of the board and there is no guarantee any repurchases of shares will occur even with an authorized amount for repurchases. (5) Excesses shown are to regulatory minimums, including the 250 bps capital conservation buffer, except for Tier 1 Leverage which is the well-capitalized minimum.
© 2026 Fulton Financial Corporation. All rights reserved. Historical Double Leverage & Interest Coverage 21 For the Twelve Months EndedThree Months Ended($ in thousands)12/31/202312/31/202412/31/20253/31/2026Double LeverageInvestments in Subsidiaries$2,836,602$3,357,022$3,582,235$3,586,880Total Shareholders' Equity 2,760,1393,197,3253,490,4473,505,283Double Leverage Ratio102.8%105.0%102.6%102.3%Interest CoverageTotal Deposit Interest$292,205$521,859$514,693$115,805Borrowing Interest126,745100,01265,83412,228Total Interest Expense418,950621,871580,527128,033Income Before Income Taxes$348,721$344,629$485,586$117,128Interest Coverage (including deposit expense)1.83x1.55x1.84x1.91xInterest Coverage (excluding deposit expense)3.75x4.45x8.38x10.58x
© 2026 Fulton Financial Corporation. All rights reserved. APPENDIX 22
© 2026 Fulton Financial Corporation. All rights reserved. We Do What is Right - Corporate Social Responsibility 23 • 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 Company’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 Company’s commitment to progressing its understanding of, and reporting on, climate-related risks and activities. PROTECTING THE ENVIRONMENT Environment The Company 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 Company to demonstrate the highest professional and ethical standards in all business activities. The Company operates under a robust board- and management-level enterprise risk management structure. CHANGING LIVES FOR THE BETTER Employees The Company is committed to creating a workforce culture that is welcoming, engaging and inclusive.CustomersFulton 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 Company gives back by paying it forward. READ THE REPORT
© 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 24 Interest Earning Assets 24 (March 31, 2026) Interest-Bearing Liabilities(3) (March 31, 2026) Variable Rate Loans Non-maturity Deposits Fixed and Adjustable Asset Repricing Schedule (millions) (millions) (millions) (millions) Time Deposits and Borrowings Repricing Schedule (2) (March 31, 2026) (March 31, 2026) (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. Glossary of Terms 25 Term/Acronym Defined As ACL Allowance for credit losses AOCI Accumulated other comprehensive income AUM Assets under management AUA Assets under administration 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 FTE Fully taxable-equivalent Fulton or the Corporation Fulton Financial Corporation GAAP Generally accepted accounting principles M&A Mergers and acquisitions Term/Acronym Defined As 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 TCE/TA Tangible common equity / tangible assets TRBC Total risk-based capital TTM Trailing twelve months
© 2026 Fulton Financial Corporation. All rights reserved. NON-GAAP RECONCILIATION 26
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands, except per share data)Mar 31Dec 3120262025Operating net income available to common shareholdersNet income available to common shareholders92,199$ 96,408$ Less: Other(1)- (4,989) Plus: CDI amortization5,255 5,255 Plus: Acquisition-related expense2,644 802 Plus: FDIC special assessment- (95) Plus: FultonFirst implementation and asset disposals1,556 2,795 Less: Tax impact of adjustments(1,985) (791) Operating net income available to common shareholders (numerator)99,669$ 99,385$ Weighted average shares (diluted) (denominator)181,665 182,197 Operating earnings per share (diluted)0.55$ 0.55$ Non-GAAP Reconciliation 27 (1) Includes loan recovery adjustments of $5.0 million in the fourth quarter of 2025 reflected in the provision for credit losses related to a loan acquired in the Republic First Bank acquisition.
© 2026 Fulton Financial Corporation. All rights reserved. (dollars in thousands)Mar 31Dec 31Dec 31Dec 31Dec 31Dec 31202620252024202320222021Tangible Common Shareholders' EquityShareholders equity3,505,283$ 3,490,447$ 3,197,325$ 2,760,139$ 2,579,757$ 2,712,680$ Less: Preferred Stock(192,878)(192,878)(192,878)(192,878)(192,878)(192,878)Less: Goodwill and intangible assets(607,647)(612,996)(635,458)(560,687)(560,824)(538,053)Tangible Common Shareholders' Equity2,704,758$ 2,684,573$ 2,368,989$ 2,006,574$ 1,826,055$ 1,981,749$ Tangible AssetsTotal Assets32,237,438$ 32,118,400$ 32,071,810$ 27,571,915$ 26,931,702$ 25,796,398$ Less: Goodwill and intangible assets(607,647)(612,996)(635,458)(560,687)(560,824)(538,053)Tangible Assets31,629,791$ 31,505,404$ 31,436,352$ 27,011,228$ 26,370,878$ 25,258,345$ Tangible Common Equity / Tangible Assets8.6%8.5%7.5%7.4%6.9%7.8% Non-GAAP Reconciliation 28
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands)Mar 31Dec 3120262025Operating ROAA(1)Net income94,761$ 98,970$ Less: Other(2)- (4,989) Plus: CDI amortization5,255 5,255 Plus: Acquisition-related expense2,644 802 Plus: FDIC special assessment- (95) Plus: FultonFirst implementation and asset disposals1,556 2,795 Less: Tax impact of adjustments(1,985) (791) Operating net income (numerator)102,231$ 101,947$ Total average assets31,999,228$ 32,013,163$ Less: Average net CDI(54,629) (60,726) Total operating average assets (denominator)31,944,599$ 31,952,437$ Operating ROAA1.30%1.27% Non-GAAP Reconciliation 29 (1) Annualized. (2) Includes loan recovery adjustments of approximately $5.0 million in the fourth quarter of 2025 reflected in the provision for credit losses related to a loan acquired in the Republic First Bank acquisition.
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands)Mar 31Dec 3120262025Operating ROATCE(1)Net income available to common shareholders92,199$ 96,408$ Less: Other(2)- (4,989) Plus: Intangible amortization5,349 5,365 Plus: Acquisition-related expense2,644 802 Plus: FDIC special assessment- (95) Plus: FultonFirst implementation and asset disposals1,556 2,795 Less: Tax impact of adjustments(2,005) (814) Adjusted net income available to common shareholders (numerator)99,743$ 99,472$ Average shareholders' equity3,543,911$ 3,464,539$ Less: Average preferred stock(192,878) (192,878) Less: Average goodwill and intangible assets(610,262) (615,600) Average tangible common shareholders' equity (denominator)2,740,771$ 2,656,061$ Operating ROATCE14.76%14.86% Non-GAAP Reconciliation 30 (1) Annualized. (2) Includes loan recovery adjustments of approximately $5.0 million in the fourth quarter of 2025 reflected in the provision for credit losses related to a loan acquired in the Republic First Bank acquisition.
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands)Mar 31Dec 3120262025Operating non-interest expense to total average assets(1)Non-interest expense200,294$ 212,986$ Less: Intangible amortization(5,349) (5,365) Less: Acquisition-related expense(2,644) (802) Less: FDIC special assessment- 95 Less: FultonFirst implementation and asset disposals(1,556) (2,795) Operating non-interest expense (numerator)190,745$ 204,119$ Total average assets (denominator)31,999,228$ 32,013,163$ Operating non-interest expense to total average assets2.42%2.53% Non-GAAP Reconciliation 31 (1) Annualized.
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands)Mar 31Dec 3120262025Operating PPNR to average assets(1)NII262,023$ 266,042$ Plus: Non-interest income69,841 69,980 Less: Non-interest expense(200,294) (212,985) Plus: Other revenue- 11 Plus: CDI amortization5,255 5,255 Plus: Acquisition-related expense2,644 802 Plus: FDIC special assessment- (95) Plus: FultonFirst implementation and asset disposals1,556 2,795 Operating PPNR (numerator)141,025$ 131,805$ Total average assets31,999,228$ 32,013,163$ Less: Average net core deposit intangible(54,629) (60,726) Average assets (denominator)31,944,599$ 31,952,437$ Operating PPNR to average assets1.79%1.64% Non-GAAP Reconciliation 32 (1) Annualized.
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands)Mar 31Dec 31Sep 30Jun 30Mar 3120262025202520252025Efficiency ratioNon-interest expense200,294$ 212,986$ 196,574$ 192,811$ 189,460$ Less: Acquisition-related expense(2,644) (802) - - (380) Less: FDIC special assessment- 95 - - - Less: FultonFirst implementation and asset disposals(1,556) (2,795) 207 270 47 Less: Intangible amortization(5,349) (5,365) (5,368) (5,460) (6,269) Operating non-interest expense (numerator)190,745$ 204,119$ 191,413$ 187,621$ 182,858$ NII262,023$ 266,042$ 264,198$ 254,921$ 251,187$ Plus: Tax equivalent adjustment4,302 4,416 4,436 4,389 4,340 Plus: Total non-interest income69,841 69,980 70,407 69,148 67,232 Plus: Other revenue- 11 (138) (9) (122) Plus: Investment securities (gains) losses, net- - - - 2 Total revenue (denominator)336,166$ 340,449$ 338,903$ 328,449$ 322,639$ Efficiency ratio56.7%60.0%56.5%57.1%56.7% Non-GAAP Reconciliation 33
© 2026 Fulton Financial Corporation. All rights reserved. As of(dollars in thousands)Mar 31Dec 3120262025Tangible common shareholders' equityShareholders' equity3,505,283$ 3,490,447$ Less: Preferred stock(192,878) (192,878) Less: Goodwill and intangible assets(607,647) (612,996) Tangible common shareholders' equity2,704,758$ 2,684,573$ Non-GAAP Reconciliation 34
© 2026 Fulton Financial Corporation. All rights reserved. Three months ended(dollars in thousands, except per share data)Mar 31Mar 3120262021TBV per shareShareholders' equity3,505,283$ 2,629,655$ Less: Preferred stock(192,878) (192,878) Less: Goodwill and intangible assets(607,647) (536,544) Tangible common shareholders' equity (numerator)2,704,758$ 1,900,233$ Shares outstanding, end of period (denominator)178,843 162,517 TBV per share15.12$ 11.69$ Book value per share18.52$ 14.99$ TBV per share excluding AOCIShareholders' equity3,505,283$ 2,629,655$ Less: Preferred stock(192,878) (192,878) Less: Goodwill and intangible assets(607,647) (536,544) Tangible common shareholders' equity2,704,758$ 1,900,233$ Less: AOCI(221,887) 25,838 Tangible common shareholders' equity excluding AOCI2,926,645$ 1,874,395$ Shares outstanding, end of period (denominator)178,843 162,517 TBV per share excluding AOCI16.36$ 11.53$ Non-GAAP Reconciliation 35