Document

•Non-interest income before investment securities gains (losses) was $70.0 million compared to $70.4 million in the prior quarter. The $0.4 million decrease was primarily due to a decrease of $1.7 million in income from equity method investments and a $1.1 million gain on sale of commercial loans in the prior quarter, both reflected in other non-interest income, which were partially offset by increases of $1.2 million in wealth management revenues, $0.9 million in commercial customer derivative fee income, reflected in capital markets income, and $0.6 million in small business administration income, reflected in other commercial banking income.

(3) The 2025 Repurchase Program represented the authorization, commencing on January 1, 2025 and expiring on December 31, 2025, to repurchase up to $125 million of the Corporation’s common stock. Under this authorization, up to $25 million of the $125 million authorization could be used to repurchase the Corporation’s preferred stock and outstanding subordinated notes due 2030. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases were made from time to time under the 2025 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions.

(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.

This press release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of 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, future 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.

A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in 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, 2024, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, September 30, 2025 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), including, without limitation, the Cautionary Note Regarding Forward-Looking Statements set forth in the Current Report on Form 8-K filed by the Corporation on November 25, 2025.


FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
(dollars in thousands, except per share and shares data)
	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2025		2025		2025		2025		2024
Ending Balances
Investment securities(1)	$	4,833,744	$	5,045,270	$	5,093,027	$	5,071,323	$	4,806,468
Net loans	24,144,884		24,041,489		24,012,539		23,862,574		24,044,919
Total assets	32,118,400		31,995,086		32,040,448		32,132,028		32,071,810
Deposits	26,589,407		26,332,490		26,138,067		26,328,972		26,129,433
Shareholders' equity	3,490,447		3,413,598		3,329,246		3,274,321		3,197,325

Average Balances
Investment securities(1)	4,921,669		5,025,072		5,084,371		4,906,952		4,771,537
Net loans	24,053,089		24,020,322		23,899,743		24,006,863		24,068,784
Total assets	32,013,163		31,924,038		31,901,574		31,971,601		32,098,852
Deposits	26,537,659		26,298,680		26,125,602		26,169,883		26,313,378
Shareholders' equity	3,464,539		3,361,368		3,304,015		3,254,125		3,219,026

Income Statement
Net interest income	266,042		264,198		254,921		251,187		253,659
Provision for credit losses	2,948		10,245		8,607		13,898		16,725
Non-interest income	69,980		70,407		69,148		67,232		65,924
Non-interest expense	212,986		196,574		192,811		189,460		216,615
Income before taxes	120,088		127,786		122,651		115,061		86,243
Net income available to common shareholders	96,408		97,892		96,636		90,425		66,058


Per Share
Net income available to common shareholders (basic)	$0.53		$0.54		$0.53		$0.50		$0.36
Net income available to common shareholders (diluted)	$0.53		$0.53		$0.53		$0.49		$0.36
Operating net income available to common shareholders(2)	$0.55		$0.55		$0.55		$0.52		$0.48
Cash dividends	$0.19		$0.18		$0.18		$0.18		$0.18
Common shareholders' equity	$18.33		$17.81		$17.20		$16.91		$16.50
Common shareholders' equity (tangible)(2)	$14.92		$14.39		$13.78		$13.46		$13.01
Weighted average shares (basic)	180,405		181,658		182,261		182,179		182,032
Weighted average shares (diluted)	182,197		183,349		183,813		184,077		183,867
(1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this press release.




	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2025		2025		2025		2025		2024
Asset Quality
Net charge-offs to average loans (annualized)	0.24	%	0.18	%	0.20	%	0.21	%	0.22	%
Non-performing loans to total net loans	0.76	%	0.83	%	0.89	%	0.82	%	0.92	%
Non-performing assets to total assets	0.58	%	0.63	%	0.67	%	0.62	%	0.69	%
ACL - loans(1) to total loans	1.51	%	1.57	%	1.57	%	1.59	%	1.58	%
ACL - loans(1) to non-performing loans	198	%	189	%	177	%	193	%	172	%







Profitability
Return on average assets	1.23	%	1.25	%	1.25	%	1.18	%	0.85	%
Operating return on average assets(2)	1.27	%	1.29	%	1.30	%	1.25	%	1.14	%
Return on average common shareholders' equity	11.69	%	12.26	%	12.46	%	11.98	%	8.68	%
Operating return on average common shareholders' equity (tangible)(2)	14.86	%	15.79	%	16.26	%	15.95	%	14.83	%
Net interest margin	3.59	%	3.57	%	3.47	%	3.43	%	3.41	%
Efficiency ratio(2)	60.0	%	56.5	%	57.1	%	56.7	%	58.4	%
Non-interest expense to total average assets	2.64	%	2.44	%	2.42	%	2.40	%	2.68	%
Operating non-interest expense to total average assets(2)	2.53	%	2.38	%	2.36	%	2.32	%	2.36	%

Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)	8.5	%	8.3	%	8.0	%	7.8	%	7.5	%

Tier 1 leverage ratio	9.7	%	9.6	%	9.4	%	9.2	%	9.0	%
Common equity Tier 1 capital ratio	11.8	%	11.6	%	11.3	%	11.1	%	10.8	%
Tier 1 risk-based capital ratio	12.6	%	12.4	%	12.1	%	11.9	%	11.5	%
Total risk-based capital ratio	15.2	%	15.0	%	14.7	%	14.5	%	14.3	%

(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 December 31, 2025 are preliminary estimates and prior periods are actual.


FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
(dollars in thousands)

		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2025		2025		2025		2025		2024
ASSETS
	Cash and due from banks	$	271,463	$	307,267	$	362,280	$	388,503	$	279,041
	Other interest-earning assets	911,155		643,111		583,899		778,117		924,404
	Loans held for sale	16,316		19,875		23,281		15,965		25,618
	Investment securities	4,833,744		5,045,270		5,093,027		5,071,323		4,806,468
	Net loans	24,144,884		24,041,489		24,012,539		23,862,574		24,044,919
	Less: ACL - loans(1)	(364,462)		(376,258)		(377,337)		(379,677)		(379,156)
	Loans, net	23,780,422		23,665,231		23,635,202		23,482,897		23,665,763
	Net premises and equipment	175,240		178,644		184,290		186,873		195,527
	Accrued interest receivable	113,698		114,003		117,130		116,215		117,029
	Goodwill and intangible assets	612,996		618,361		623,729		629,189		635,458
	Other assets	1,403,366		1,403,324		1,417,610		1,462,946		1,422,502
	Total Assets	$	32,118,400	$	31,995,086	$	32,040,448	$	32,132,028	$	32,071,810
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	26,589,407	$	26,332,490	$	26,138,067	$	26,328,972	$	26,129,433
	Borrowings	1,297,375		1,471,961		1,773,900		1,657,200		1,782,048
	Other liabilities	741,171		777,037		799,235		871,535		963,004
	Total Liabilities	28,627,953		28,581,488		28,711,202		28,857,707		28,874,485
	Shareholders' equity	3,490,447		3,413,598		3,329,246		3,274,321		3,197,325
	Total Liabilities and Shareholders' Equity	$	32,118,400	$	31,995,086	$	32,040,448	$	32,132,028	$	32,071,810

LOANS, DEPOSITS AND BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	9,820,944	$	9,734,156	$	9,678,038	$	9,676,517	$	9,601,858
	Commercial and industrial	4,539,060		4,437,905		4,541,765		4,531,266		4,605,589
	Real estate - residential mortgage	6,669,993		6,617,017		6,511,687		6,409,657		6,349,643
	Real estate - home equity	1,242,831		1,214,399		1,193,410		1,170,470		1,160,616
	Real estate - construction	970,298		1,134,748		1,155,099		1,175,445		1,394,899
	Consumer	564,349		566,291		583,949		597,305		616,856
	Leases and other loans(2)	337,409		336,973		348,591		301,914		315,458
	Total Net Loans	$	24,144,884	$	24,041,489	$	24,012,539	$	23,862,574	$	24,044,919
Deposits, by type:
	Noninterest-bearing demand	$	5,256,096	$	5,136,210	$	5,337,771	$	5,435,934	$	5,499,760
	Interest-bearing demand	7,970,188		8,035,393		7,593,083		7,804,388		7,843,604
	Savings	8,512,829		8,417,678		8,271,925		8,208,526		7,792,114
	Total demand and savings	21,739,113		21,589,281		21,202,779		21,448,848		21,135,478
	Brokered	855,042		709,667		817,398		738,458		843,857
	Time	3,995,252		4,033,542		4,117,890		4,141,666		4,150,098
	Total Deposits	$	26,589,407	$	26,332,490	$	26,138,067	$	26,328,972	$	26,129,433
Borrowings, by type:

	Federal Home Loan Bank advances	$	250,000	$	450,000	$	800,000	$	750,000	$	850,000
	Senior debt and subordinated debt	367,637		367,557		367,476		367,396		367,316
	Other borrowings	679,738		654,404		606,424		539,804		564,732
	Total Borrowings	$	1,297,375	$	1,471,961	$	1,773,900	$	1,657,200	$	1,782,048

(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.


FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
		Three months ended										Year ended
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31		Dec 31
		2025		2025		2025		2025		2024		2025		2024
Net Interest Income:
	Interest income	$	403,416	$	411,006	$	402,761	$	399,692	$	414,368	$	1,616,874	$	1,582,196
	Interest expense	137,374		146,808		147,840		148,505		160,709		580,527		621,871
	Net Interest Income	266,042		264,198		254,921		251,187		253,659		1,036,347		960,325
	Provision for credit losses	2,948		10,245		8,607		13,898		16,725		35,698		71,636
	Net Interest Income after Provision	263,094		253,953		246,314		237,289		236,934		1,000,649		888,689
Non-Interest Income:
	Wealth management	23,879		22,639		22,281		21,785		22,002		90,584		84,743
	Commercial banking:
	Merchant and card	6,847		7,327		7,376		6,591		7,082		28,141		29,186
	Cash management	8,374		8,335		8,376		7,799		7,633		32,884		28,106
	Capital markets	3,730		2,908		2,945		2,411		2,797		11,995		11,033
	Other commercial banking	5,162		4,595		4,734		4,528		4,942		19,018		16,657
	Total commercial banking	24,113		23,165		23,431		21,329		22,454		92,038		84,982
	Consumer banking:
	Card	8,366		8,246		7,958		7,544		8,064		32,114		30,914
	Overdraft	4,109		4,153		3,817		3,295		3,644		15,373		13,764
	Other consumer banking	2,967		2,775		2,753		2,229		2,601		10,725		10,826
	Total consumer banking	15,442		15,174		14,528		13,068		14,309		58,212		55,504
	Mortgage banking	3,636		3,711		3,991		3,138		3,759		14,477		13,943
	Gain on acquisition, net of tax	—		—		—		—		(2,689)		—		36,996
	Other	2,910		5,718		4,917		7,914		6,089		21,457		19,846
	Non-interest income before investment securities (losses) gains	69,980		70,407		69,148		67,234		65,924		276,768		296,014
	Investment securities (losses) gains, net	—		—		—		(2)		—		(2)		(20,283)
	Total Non-Interest Income	69,980		70,407		69,148		67,232		65,924		276,766		275,731
Non-Interest Expense:
	Salaries and employee benefits	121,632		111,265		107,123		103,526		107,886		443,546		432,821
	Data processing and software	19,695		18,535		18,262		18,599		19,550		75,091		77,882
	Net occupancy	17,554		15,954		16,410		18,207		16,417		68,125		69,359
	Other outside services	13,105		12,951		12,009		11,837		14,531		49,902		60,586
	Intangible amortization	5,365		5,368		5,460		6,269		6,282		22,462		17,830
	FDIC insurance	4,540		5,089		4,951		5,597		5,921		20,178		23,829
	Equipment	4,001		3,926		4,100		4,150		4,388		16,176		17,850
	Professional fees	2,088		2,320		2,163		(1,078)		3,387		5,493		10,857
	Marketing	1,694		2,470		2,604		2,521		2,695		9,288		8,958
	Acquisition-related expenses	802		—		—		380		9,637		1,182		37,635
	Other	22,510		18,696		19,729		19,452		25,921		80,386		62,184
	Total Non-Interest Expense	212,986		196,574		192,811		189,460		216,615		791,829		819,791
	Income Before Income Taxes	120,088		127,786		122,651		115,061		86,243		485,586		344,629
	Income tax expense	21,118		27,332		23,453		22,074		17,623		93,977		55,886
	Net Income	98,970		100,454		99,198		92,987		68,620		391,609		288,743
	Preferred stock dividends	(2,562)		(2,562)		(2,562)		(2,562)		(2,562)		(10,248)		(10,248)
	Net Income Available to Common Shareholders	$	96,408	$	97,892	$	96,636	$	90,425	$	66,058	$	381,361	$	278,495


FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
		Three months ended
		December 31, 2025						September 30, 2025						December 31, 2024
		Average				Yield/		Average				Yield/		Average				Yield/
		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS

Interest-earning assets:
	Net loans(2)	$	24,053,089	$	352,014	5.82	%	$	24,020,322	$	358,443	5.93	%	$	24,068,784	$	360,642	5.97	%
	Investment securities(3)	5,159,396		47,007		3.64	%	5,330,905		49,442		3.70	%	5,033,765		44,616		3.54	%
	Other interest-earning assets	820,025		8,811		4.27	%	622,832		7,557		4.83	%	1,086,536		13,453		4.93	%
	Total Interest-Earning Assets	30,032,510		407,832		5.40	%	29,974,059		415,442		5.51	%	30,189,085		418,711		5.53	%

Noninterest-earning assets:
	Cash and due from banks	284,768						312,578						288,867
	Premises and equipment	178,194						181,116						183,801
	Other assets	1,898,152						1,837,179						1,816,421
	Less: ACL - loans(4)	(380,461)						(380,894)						(379,322)
	Total Assets	$	32,013,163					$	31,924,038					$	32,098,852

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing liabilities:
	Demand deposits	$	7,984,980	$	33,831	1.68	%	$	7,876,227	$	36,369	1.83	%	$	7,838,590	$	37,952	1.93	%
	Savings deposits	8,519,075		47,219		2.20	%	8,391,379		48,237		2.28	%	7,806,303		47,280		2.41	%
	Brokered deposits	803,755		8,325		4.11	%	694,486		7,689		4.39	%	877,526		10,619		4.81	%
	Time deposits	3,986,459		34,996		3.48	%	4,097,195		37,942		3.67	%	4,232,849		46,023		4.33	%
	Total Interest-Bearing Deposits	21,294,269		124,371		2.32	%	21,059,287		130,237		2.45	%	20,755,268		141,874		2.72	%

	Borrowings and other interest-bearing liabilities	1,345,837		13,003		3.83	%	1,564,996		16,571		4.20	%	1,847,431		18,835		4.06	%
	Total Interest-Bearing Liabilities	22,640,106		137,374		2.41	%	22,624,283		146,808		2.57	%	22,602,699		160,709		2.83	%

Noninterest-bearing liabilities:
	Demand deposits	5,243,390						5,239,393						5,558,110
	Other liabilities	665,128						698,994						719,017
	Total Liabilities	28,548,624						28,562,670						28,879,826
	Total Deposits	26,537,659				1.86	%	26,298,680				1.96	%	26,313,378				2.14	%
	Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)	27,883,496				1.96	%	27,863,676				2.09	%	28,160,809				2.27	%

	Shareholders' equity	3,464,539						3,361,368						3,219,026
	Total Liabilities and Shareholders' Equity	$	32,013,163					$	31,924,038					$	32,098,852

	Net interest income/net interest margin (fully taxable equivalent)			270,458		3.59	%			268,634		3.57	%			258,002		3.41	%
	Tax equivalent adjustment			(4,416)						(4,436)						(4,343)
	Net Interest Income			$	266,042					$	264,198					$	253,659

	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) Average balances include non-performing loans.
	(3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
	(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.


FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
		Three months ended
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2025		2025		2025		2025		2024
Loans, by type:
	Real estate - commercial mortgage	$	9,785,717	$	9,721,395	$	9,652,320	$	9,655,283	$	9,595,996
	Commercial and industrial	4,473,522		4,494,662		4,530,085		4,608,401		4,730,101
	Real estate - residential mortgage	6,646,318		6,560,413		6,448,443		6,367,978		6,319,205
	Real estate - home equity	1,223,293		1,191,465		1,179,109		1,160,713		1,116,665
	Real estate - construction	1,014,343		1,125,130		1,172,138		1,296,090		1,312,245
	Consumer	577,136		590,658		599,505		615,741		665,261
	Leases and other loans(1)	332,760		336,599		318,142		302,657		329,311




	Total Net Loans	$	24,053,089	$	24,020,322	$	23,899,742	$	24,006,863	$	24,068,784

Deposits, by type:
	Noninterest-bearing demand	$	5,243,390	$	5,239,393	$	5,303,997	$	5,412,063	$	5,558,110
	Interest-bearing demand	7,984,980		7,876,227		7,800,881		7,753,586		7,838,590
	Savings	8,519,075		8,391,379		8,219,637		7,971,728		7,806,303
	Total demand and savings	21,747,445		21,506,999		21,324,515		21,137,377		21,203,003
	Brokered	803,755		694,486		688,957		904,722		877,526
	Time	3,986,459		4,097,195		4,112,130		4,127,784		4,232,849
	Total Deposits	$	26,537,659	$	26,298,680	$	26,125,602	$	26,169,883	$	26,313,378

Borrowings, by type:
	Federal funds purchased	$	54	$	—	$	1,099	$	—	$	54
	Federal Home Loan Bank advances	237,880		484,022		712,198		709,367		727,957
	Senior debt and subordinated debt	367,598		367,517		367,438		367,357		449,795
	Other borrowings and other interest-bearing liabilities	740,305		713,456		675,511		678,176		669,625
	Total Borrowings	$	1,345,837	$	1,564,995	$	1,756,246	$	1,754,900	$	1,847,431


(1) Includes equipment lease financing, overdraft and net origination fees and costs.


FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
		Year ended December 31,
		2025						2024
		Average				Yield/		Average				Yield/
		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS

Interest-earning assets:
	Net loans(2)	$	23,995,200	$	1,407,669	5.87	%	$	23,145,114	$	1,406,216	6.08	%
	Investment securities(3)	5,270,122		193,154		3.66	%	4,486,726		143,317		3.19	%
	Other interest-earning assets	729,300		33,731		4.63	%	962,971		50,578		5.25	%
	Total Interest-Earning Assets	29,994,622		1,634,554		5.45	%	28,594,811		1,600,111		5.60	%

Noninterest-Earning assets:
	Cash and due from banks	294,284						295,156
	Premises and equipment	184,342						197,823
	Other assets	1,862,326						1,761,083
	Less: ACL - loans(4)	(382,941)						(375,743)
	Total Assets	$	31,952,633					$	30,473,130

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-Bearing liabilities:
	Demand deposits	$	7,854,613	$	139,134	1.77	%	$	7,049,915	$	128,969	1.83	%
	Savings deposits	8,277,276		188,019		2.27	%	7,364,106		180,455		2.45	%
	Brokered deposits	772,488		33,547		4.34	%	981,060		51,691		5.27	%
	Time deposits	4,080,550		153,993		3.77	%	3,747,029		160,744		4.29	%
	Total Interest-Bearing Deposits	20,984,927		514,693		2.45	%	19,142,110		521,859		2.73	%

	Borrowings and other interest-bearing liabilities	1,604,263		65,834		4.10	%	2,280,382		100,012		4.39	%
	Total Interest-Bearing Liabilities	22,589,190		580,527		2.57	%	21,422,492		621,871		2.90	%

Noninterest-Bearing liabilities:
	Demand deposits	5,299,084						5,394,518
	Other liabilities	717,729						630,478
	Total Liabilities	28,606,003						27,447,488
	Total Deposits	26,284,011				1.96	%	24,536,628				2.13	%
	Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)	27,888,274				2.08	%	26,817,010				2.32	%

	Shareholders' equity	3,346,630						3,025,642
	Total Liabilities and Shareholders' Equity	$	31,952,633					$	30,473,130

	Net interest income/net interest margin (fully taxable equivalent)			1,054,027		3.51	%			978,240		3.42	%
	Tax equivalent adjustment			(17,680)						(17,915)
	Net Interest Income			$	1,036,347					$	960,325

	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) Average balances include non-performing loans.
	(3) Average balances include amortized historical cost for AFS; the related unrealized holding gains (losses) are included in other assets.
	(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.


FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)

		Year ended December 31,
		2025		2024
Loans, by type:
	Real estate - commercial mortgage	$	9,704,084	$	9,052,738
	Commercial and industrial	4,526,210		4,779,254
	Real estate - residential mortgage	6,506,700		5,925,708
	Real estate - home equity	1,188,824		1,060,520
	Real estate - construction	1,151,081		1,275,562
	Consumer	595,640		725,308
	Leases and other loans(1)	322,661		326,024
	Total Net Loans	$	23,995,200	$	23,145,114

Deposits, by type:
	Noninterest-bearing demand	$	5,299,084	$	5,394,518
	Interest-bearing demand	7,854,613		7,049,915
	Savings	8,277,276		7,364,106
	Total demand and savings	21,430,973		19,808,539
	Brokered	772,488		981,060
	Time	4,080,550		3,747,029
	Total Deposits	$	26,284,011	$	24,536,628

Borrowings, by type:
	Federal funds purchased	$	288	$	51,306
	Federal Home Loan Bank advances	534,433		804,328
	Senior debt and subordinated debt	367,478		514,073
	Other borrowings and other interest-bearing liabilities	702,064		910,675
	Total Borrowings	$	1,604,263	$	2,280,382

(1) Includes equipment lease financing, overdraft and net origination fees and costs.


FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
		Three months ended															Year ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Dec 31			Dec 31
		2025			2025			2025			2025			2024			2025			2024
Allowance for credit losses related to net loans:
Balance at beginning of period		$	376,258		$	377,337		$	379,677		$	379,156		$	375,961		$	379,156		$	293,404

	CECL day 1 provision expense(1)	—			—			—			—			—			—			23,444
	Initial purchased credit deteriorated allowance for credit losses	—			—			—			—			(136)			—			54,631
	Loans charged off:
	Real estate - commercial mortgage	(14,104)			(3,906)			(6,402)			(12,106)			(2,844)			(36,518)			(13,186)
	Commercial and industrial	(5,295)			(5,847)			(5,780)			(3,865)			(9,480)			(20,787)			(26,585)
	Real estate - residential mortgage	(58)			(394)			(258)			(343)			(55)			(1,053)			(1,472)
	Consumer and home equity	(2,212)			(2,527)			(1,885)			(2,193)			(2,179)			(8,817)			(8,490)
	Real estate - construction	—			(5,286)			(100)			—			—			(5,386)			—
	Leases and other loans(2)	(1,140)			(1,479)			(1,491)			(1,527)			(1,768)			(5,637)			(4,696)
	Total loans charged off	(22,809)			(19,439)			(15,916)			(20,034)			(16,326)			(78,198)			(54,429)
Recoveries of loans previously charged off:
	Real estate - commercial mortgage	633			4,307			133			374			199			5,447			603
	Commercial and industrial	6,592			3,205			2,628			5,952			1,387			18,377			4,440
	Real estate - residential mortgage	230			33			203			174			104			640			472
	Consumer and home equity	861			726			899			660			974			3,146			3,357
	Real estate - construction	—			47			99			82			47			227			382
	Leases and other loans(2)	146			192			240			201			194			780			730
	Total recoveries of loans previously charged off	8,462			8,510			4,202			7,443			2,905			28,617			9,984
Net loans charged off		(14,347)			(10,929)			(11,714)			(12,591)			(13,421)			(49,581)			(44,445)
Provision for credit losses(1)		2,551			9,850			9,374			13,112			16,752			34,887			52,122
Balance at end of period		$	364,462		$	376,258		$	377,337		$	379,677		$	379,156		$	364,462		$	379,156
Net charge-offs to average loans(3)		0.24		%	0.18		%	0.20		%	0.21		%	0.22		%	0.21		%	0.19		%

Provision for credit losses related to OBS Credit Exposures


	Provision for credit losses(1)	$	397		$	395		$	(767)		$	786		$	(27)		$	811		$	(3,930)



NON-PERFORMING ASSETS:
	Non-accrual loans	$	153,872		$	150,137		$	182,942		$	162,426		$	189,293
	Loans 90 days past due and accruing	29,924			48,597			29,949			34,367			30,781
	Total non-performing loans	183,796			198,734			212,891			196,793			220,074
	Other real estate owned	1,365			2,305			2,706			2,193			2,621
	Total non-performing assets	$	185,161		$	201,039		$	215,597		$	198,986		$	222,695

NON-PERFORMING LOANS, BY TYPE:
	Commercial and industrial	$	47,756		$	48,817		$	45,565		$	42,913		$	43,677
	Real estate - commercial mortgage	74,981			87,789			90,852			88,081			102,359
	Real estate - residential mortgage	45,569			44,689			37,703			46,878			45,901
	Consumer and home equity	11,875			12,658			11,109			12,682			14,374
	Real estate - construction	2,267			3,461			25,602			3,666			1,746
	Leases and other loans(2)	1,348			1,320			2,060			2,573			12,017
	Total non-performing loans	$	183,796		$	198,734		$	212,891		$	196,793		$	220,074

(1) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
(3) Quarterly results are annualized.


FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)

Explanatory note:	This press release contains supplemental financial information, as detailed below, that has been derived by methods other than GAAP. The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:

		Three months ended
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2025		2025		2025		2025		2024
Operating net income available to common shareholders
Net income available to common shareholders		$	96,408	$	97,892	$	96,636	$	90,425	$	66,058
Less: Other (1)		(4,989)		(738)		(9)		(122)		(269)
Plus: Gain on acquisition, net of tax		—		—		—				2,689

Plus: Core deposit intangible amortization		5,255		5,255		5,346		6,155		6,155
Plus: Acquisition-related expense		802		—		—		380		9,637


Plus: FDIC special assessment		(95)		—		—		—		—
Plus: FultonFirst implementation and asset disposals		2,795		(207)		(270)		(47)		10,001
Less: Tax impact of adjustments		(791)		(905)		(1,064)		(1,337)		(5,360)
Operating net income available to common shareholders (numerator)		$	99,385	$	101,297	$	100,639	$	95,454	$	88,911

Weighted average shares (diluted) (denominator)		182,197		183,349		183,813		184,077		183,867

Operating net income available to common shareholders, per share (diluted)		$	0.55	$	0.55	$	0.55	$	0.52	$	0.48

Common shareholders' equity (tangible), per share
Shareholders' equity		$	3,490,447	$	3,413,598	$	3,329,246	$	3,274,321	$	3,197,325
Less: Preferred stock		(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets		(612,996)		(618,361)		(623,729)		(629,189)		(635,458)
Tangible common shareholders' equity (numerator)		$	2,684,573	$	2,602,359	$	2,512,639	$	2,452,254	$	2,368,989

Shares outstanding, end of period (denominator)		179,895		180,865		182,379		182,204		182,089

Common shareholders' equity (tangible), per share		$	14.92	$	14.39	$	13.78	$	13.46	$	13.01


(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 Acquisition.




	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2025		2025		2025		2025		2024
Operating return on average assets
Net income	$	98,970	$	100,454	$	99,198	$	92,987	$	68,620
Less: Other (1)	(4,989)		(738)		(9)		(122)		(269)
Less: Gain on acquisition, net of tax	—		—		—		—		2,689

Plus: Core deposit intangible amortization	5,255		5,255		5,346		6,155		6,155
Plus: Acquisition-related expense	802		—		—		380		9,637


Plus: FDIC special assessment	(95)		—		—		—		—
Plus: FultonFirst implementation and asset disposals	2,795		(207)		(270)		(47)		10,001
Less: Tax impact of adjustments	(791)		(905)		(1,064)		(1,337)		(5,360)
Operating net income (numerator)	$	101,947	$	103,859	$	103,201	$	98,016	$	91,473

Total average assets	$	32,013,163	$	31,924,038	$	31,901,574	$	31,971,601	$	32,098,852
Less: Average net core deposit intangible	(60,726)		(65,999)		(71,282)		(77,039)		(83,173)
Total operating average assets (denominator)	$	31,952,437	$	31,858,039	$	31,830,292	$	31,894,562	$	32,015,679

Operating return on average assets(2)	1.27%		1.29%		1.30%		1.25%		1.14%

Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders	$	96,408	$	97,892	$	96,636	$	90,425	$	66,058
Less: Other (1)	(4,989)		(738)		(9)		(122)		(269)
Less: Gain on acquisition, net of tax	—		—		—		—		2,689

Plus: Intangible amortization	5,365		5,368		5,460		6,269		6,282
Plus: Acquisition-related expense	802		—		—		380		9,637


Plus: FDIC special assessment	(95)		—		—		—
Plus: FultonFirst implementation and asset disposals	2,795		(207)		(270)		(47)		10,001
Less: Tax impact of adjustments	(814)		(929)		(1,088)		(1,361)		(5,387)
Adjusted net income available to common shareholders (numerator)	$	99,472	$	101,386	$	100,729	$	95,544	$	89,011

Average shareholders' equity	$	3,464,539	$	3,361,368	$	3,304,015	$	3,254,125	$	3,219,026
Less: Average preferred stock	(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Average goodwill and intangible assets	(615,600)		(620,986)		(626,383)		(632,254)		(638,507)
Average tangible common shareholders' equity (denominator)	$	2,656,061	$	2,547,504	$	2,484,754	$	2,428,993	$	2,387,641

Operating return on average common shareholders' equity (tangible)(2)	14.86%		15.79%		16.26%		15.95%		14.83%


Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity	$	3,490,447	$	3,413,598	$	3,329,246	$	3,274,321	$	3,197,325
Less: Preferred stock	(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets	(612,996)		(618,361)		(623,729)		(629,189)		(635,458)
Tangible common shareholders' equity (numerator)	$	2,684,573	$	2,602,359	$	2,512,639	$	2,452,254	$	2,368,989

Total assets	$	32,118,400	$	31,995,086	$	32,040,448	$	32,132,028	$	32,071,810
Less: Goodwill and intangible assets	(612,996)		(618,361)		(623,729)		(629,189)		(635,458)
Total tangible assets (denominator)	$	31,505,404	$	31,376,725	$	31,416,719	$	31,502,839	$	31,436,352

Tangible common equity to tangible assets	8.52%		8.29%		8.00%		7.78%		7.54%














(1) Results are annualized.
(2) 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 Acquisition.


	Three months ended
	Dec 31		Sep 30			Jun 30		Mar 31		Dec 31
	2025		2025			2025		2025		2024
Efficiency ratio
Non-interest expense	$	212,986	$	196,574		$	192,811	$	189,460	$	216,615

Less: Acquisition-related expense	(802)		—			—		(380)		(9,637)


Less: FDIC special assessment	95		—			—		—		—
Less: FultonFirst implementation and asset disposals	(2,795)		207			270		47		(10,001)
Less: Intangible amortization	(5,365)		(5,368)			(5,460)		(6,269)		(6,282)

Operating non-interest expense (numerator)	$	204,119	$	191,413		$	187,621	$	182,858	$	190,695

Net interest income	$	266,042	$	264,198		$	254,921	$	251,187	$	253,659
Tax equivalent adjustment	4,416		4,436			4,389		4,340		4,343
Plus: Total non-interest income	69,980		70,407			69,148		67,232		65,924
Less: Other revenue	11		(138)			(9)		(122)		(269)

Less: Gain on acquisition, net of tax	—		—			—		—		2,689
Plus: Investment securities (gains) losses, net	—		—			—		2		—
Total revenue (denominator)	$	340,449	$	338,903		$	328,449	$	322,639	$	326,346

Efficiency ratio	60.0%		56.5%			57.1%		56.7%		58.4%
































Operating non-interest expense to total average assets
Non-interest expense	$	212,986	$	196,574		$	192,811	$	189,460	$	216,615

Less: Intangible amortization	(5,365)		(5,368)			(5,460)		(6,269)		(6,282)
Less: Acquisition-related expense	(802)		—			—		(380)		(9,637)

Less: FDIC special assessment	95		—			—		—		—
Less: FultonFirst implementation and asset disposals	(2,795)		207			270		47		(10,001)

Operating non-interest expense (numerator)	$	204,119	$	191,413		$	187,621	$	182,858	$	190,695

Total average assets (denominator)	$	32,013,163	$	31,924,038		$	31,901,574	$	31,971,601	$	32,098,852

Operating non-interest expenses to total average assets(1)	2.53%		2.38%			2.36%		2.32%		2.36%

(1) Results are annualized.




















































	Year Ended
	Dec 31		Dec 31
	2025		2024
Operating net income available to common shareholders
Net income available to common shareholders	$	381,361	$	278,495
Less: Other (1)	(5,858)		(1,805)
Plus Gain on acquisition, net of tax	—		(36,996)
Plus: Loss on securities restructuring	—		20,282
Plus: Core deposit intangible amortization	22,010		17,307
Plus: Acquisition-related expense	1,182		37,635
Plus: CECL Day 1 Provision	—		23,444
Less: Gain on sale-leaseback	—		(20,266)
Plus: FDIC special assessment	(95)		940
Plus: FultonFirst implementation and asset disposals	2,271		32,038
Less: Tax impact of adjustments	(4,097)		(23,011)
Operating net income available to common shareholders (numerator)	$	396,774	$	328,063	328,063

Weighted average shares (diluted) (denominator)	183,289		177,223

Operating net income available to common shareholders, per share (diluted)	$	2.16	$	1.85

(1) Includes a loan recovery adjustment of $5.6 million in 2025, reflected in the provision for credit losses related to a loan acquired in the Acquisition.