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


Fulton Financial Corporation Announces First Quarter 2026 Results

(April 22, 2026) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $92.2 million, or $0.51 per diluted share, for the first quarter of 2026, a decrease of $4.2 million in comparison to the fourth quarter of 2025. Operating net income available to common shareholders for the three months ended March 31, 2026 was $99.7 million(1), or $0.55 per diluted share(1), an increase of $0.3 million in comparison to the fourth quarter of 2025.

"Our first quarter results reflect steady, solid profitability driven by disciplined execution of our strategy," said Fulton Chairman, CEO, and President, Curtis J. Myers. "The Blue Foundry Bancorp acquisition expands our presence in northern New Jersey and meaningfully advances our business objectives. We are pleased to welcome Blue Foundry Bank's team members and customers to Fulton. Our focus now turns to a seamless integration, a smooth customer transition, and the continued delivery of positive operating leverage and successful strategic outcomes."

Financial Highlights

First quarter of 2026 operating results of $0.55 per diluted share(1) were impacted by the following items:

•Net interest margin remained solid at 3.58%, representing a one basis point decline from the prior quarter.

•Non-interest income decreased $0.1 million to $69.8 million compared to $70.0 million in the prior quarter.

•Non-interest expense decreased $12.7 million to $200.3 million compared to $213.0 million in the prior quarter. Operating non-interest expense decreased $13.4 million to $190.7 million(1) compared to $204.1 million in the prior quarter.

•Provision for credit losses was $14.4 million resulting in an allowance for credit losses attributable to net loans of $367.5 million, or 1.51% of total net loans as of March 31, 2026.




•Common equity tier 1 capital ratio(2) increased to approximately 11.9% compared to 11.8% in the prior quarter.

•During the first quarter of 2026, 1,212,650 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(3) at a cost of $24.5 million or an average of $20.21 per share.

The following items highlight notable changes in the components of net income in the first quarter of 2026 compared to the fourth quarter of 2025:

•Net interest income decreased $4.0 million to $262.0 million. A $10.1 million decrease in interest income on net loans and a $2.2 million decrease in interest income on investment securities were partially offset by an $8.6 million decrease in interest expense on deposits. Purchase loan mark accretion from loans acquired in the Republic Acquisition(4) was $10.3 million in the first quarter of 2026 compared to $10.5 million in the prior quarter.

•Non-interest income before investment securities gains (losses) was $69.8 million compared to $70.0 million in the prior quarter. The $0.1 million decrease was primarily due to decreases of $1.3 million in commercial banking fee income and $1.3 million in consumer banking fee income mainly attributable to two less days in the first quarter and seasonality, partially offset by a $1.3 million increase in income from equity method investments, reflected in other income, and a $0.6 million increase in wealth management revenues.

•Non-interest expense was $200.3 million compared to $213.0 million in the prior quarter. The $12.7 million decrease in non-interest expense was primarily due to a $11.7 million decrease in salaries and employee benefits expense primarily due to a $11.3 million decrease in incentive compensation expense. Acquisition-related expense associated with the Blue Foundry Bancorp transaction(5) was $2.6 million compared to $0.8 million in the prior quarter.

Balance Sheet Summary

•Total net loans increased $121.5 million to $24.3 billion compared to $24.1 billion as of December 31, 2025. The increase was primarily due to increases of $78.7 million in consumer loans(6) and $42.7 million in commercial loans(6) which included an opportunistic purchase of an in-market commercial loan portfolio.

•Deposits totaled $26.8 billion, a $178.9 million increase compared to $26.6 billion as of December 31, 2025. The increase was primarily due to increases of $362.4 million in savings deposits and $78.8 million in noninterest-bearing demand deposits, partially offset by decreases of $146.5 million in interest-bearing demand deposits and $139.2 million in brokered deposits.


2


Provision for Credit Losses and Asset Quality

•The provision for credit losses totaled $14.4 million in the first quarter of 2026, resulting in a $367.5 million allowance for credit losses attributable to net loans, or 1.51% of total net loans as of March 31, 2026, compared to $364.5 million, or 1.51% of total net loans as of December 31, 2025.

•Non-performing assets were $177.5 million, or 0.55% of total assets, as of March 31, 2026, in comparison to $185.2 million, or 0.58% of total assets, as of December 31, 2025.

•Annualized net charge-offs for the first quarter of 2026 were 0.25% of total average loans in comparison to 0.24% in the prior quarter.

Additional information on Fulton is available on the Internet 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) Regulatory capital ratios as of March 31, 2026, are preliminary estimates and prior periods are actual.

(3) 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.

(4) On April 26, 2024, the Corporation announced that its wholly owned banking subsidiary, Fulton Bank, National Association ("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 Acquisition"), 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.

(5) On November 24, 2025, the Corporation announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and between the Corporation and Blue Foundry Bancorp, a Delaware corporation (“Blue Foundry”), pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, (i) Blue Foundry will merge with and into the Corporation (the “Merger”), with the Corporation surviving the Merger and (ii) following the Merger, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry, will merge with and into Fulton Bank, a national banking association and wholly owned subsidiary of the Corporation, with Fulton Bank continuing as the surviving bank. Effective April 1, 2026, the Corporation completed the Merger. Following the Merger, Blue Foundry Bank will operate as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merges with and into Fulton Bank, which is expected to occur during the summer of 2026 around the time of systems conversion.

(6) Commercial loans include real estate - commercial mortgage, commercial and industrial, leases and other loans and includes a decrease in commercial construction loans of $96.1 million, reflected in real estate - construction. Consumer loans include real estate - residential mortgage, real estate - home equity, consumer and includes an increase of $2.3 million in residential construction loans, reflected in real estate - construction.

Note: Some numbers contained in this document may not sum due to rounding.
3


Safe Harbor Statement

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, 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).











4


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
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Ending Balances
Investment securities(1)
$4,861,967$4,833,744$5,045,270$5,093,027$5,071,323
Net loans24,266,34524,144,88424,041,48924,012,53923,862,574
Total assets32,237,43832,118,40031,995,08632,040,44832,132,028
Deposits26,768,33526,589,40726,332,49026,138,06726,328,972
Shareholders' equity3,505,2833,490,4473,413,5983,329,2463,274,321
Average Balances
Investment securities(1)
4,785,2764,921,6695,025,0725,084,3714,906,952
Net loans24,225,65524,053,08924,020,32223,899,74324,006,863
Total assets31,999,22832,013,16331,924,03831,901,57431,971,601
Deposits26,451,09426,537,65926,298,68026,125,60226,169,883
Shareholders' equity3,543,9113,464,5393,361,3683,304,0153,254,125
Income Statement
Net interest income262,023 266,042 264,198 254,921 251,187 
Provision for credit losses14,442 2,948 10,245 8,607 13,898 
Non-interest income69,841 69,980 70,407 69,148 67,232 
Non-interest expense200,294 212,986 196,574 192,811 189,460 
Income before taxes117,128 120,088 127,786 122,651 115,061 
Net income available to common shareholders92,199 96,408 97,892 96,636 90,425 
Per Share
Net income available to common shareholders (basic)$0.51 $0.53 $0.54 $0.53 $0.50 
Net income available to common shareholders (diluted)$0.51 $0.53 $0.53 $0.53 $0.49 
Operating net income available to common shareholders(2)
$0.55 $0.55 $0.55 $0.55 $0.52 
Cash dividends$0.19 $0.19 $0.18 $0.18 $0.18 
Common shareholders' equity$18.52 $18.33 $17.81 $17.20 $16.91 
Common shareholders' equity (tangible)(2)
$15.12 $14.92 $14.39 $13.78 $13.46 
Weighted average shares (basic)179,720 180,405 181,658 182,261 182,179 
Weighted average shares (diluted)181,655 182,197 183,349 183,813 184,077 
(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.
5


Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Asset Quality
Net charge-offs to average loans (annualized) 0.25 %0.24 %0.18 %0.20 %0.21 %
Non-performing loans to total net loans0.72 %0.76 %0.83 %0.89 %0.82 %
Non-performing assets to total assets0.55 %0.58 %0.63 %0.67 %0.62 %
ACL - loans(1) to total loans
1.51 %1.51 %1.57 %1.57 %1.59 %
ACL - loans(1) to non-performing loans
209 %198 %189 %177 %193 %
Profitability
Return on average assets1.20 %1.23 %1.25 %1.25 %1.18 %
Operating return on average assets(2)
1.30 %1.27 %1.29 %1.30 %1.25 %
Return on average common shareholders' equity11.16 %11.69 %12.26 %12.46 %11.98 %
Operating return on average common shareholders' equity (tangible)(2)
14.76 %14.86 %15.79 %16.26 %15.95 %
Net interest margin3.58 %3.59 %3.57 %3.47 %3.43 %
Efficiency ratio(2)
56.7 %60.0 %56.5 %57.1 %56.7 %
Non-interest expense to total average assets2.54 %2.64 %2.44 %2.42 %2.40 %
Operating non-interest expense to total average assets(2)
2.42 %2.53 %2.38 %2.36 %2.32 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)
8.6 %8.5 %8.3 %8.0 %7.8 %
Tier 1 leverage ratio9.9 %9.7 %9.6 %9.4 %9.2 %
Common equity Tier 1 capital ratio11.9 %11.8 %11.6 %11.3 %11.1 %
Tier 1 risk-based capital ratio12.7 %12.6 %12.4 %12.1 %11.9 %
Total risk-based capital ratio15.1 %15.2 %15.0 %14.7 %14.5 %
(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 March 31, 2026 are preliminary estimates and prior periods are actual.

6

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
ASSETS
Cash and due from banks$311,796 $271,463 $307,267 $362,280 $388,503 
Other interest-earning assets871,066 911,155 643,111 583,899 778,117 
Loans held for sale11,887 16,316 19,875 23,281 15,965 
Investment securities4,861,967 4,833,744 5,045,270 5,093,027 5,071,323 
Net loans24,266,345 24,144,884 24,041,489 24,012,539 23,862,574 
Less: ACL - loans(1)
(367,489)(364,462)(376,258)(377,337)(379,677)
   Loans, net23,898,856 23,780,422 23,665,231 23,635,202 23,482,897 
Net premises and equipment168,941 175,240 178,644 184,290 186,873 
Accrued interest receivable112,083 113,698 114,003 117,130 116,215 
Goodwill and intangible assets607,647 612,996 618,361 623,729 629,189 
Other assets1,393,195 1,403,366 1,403,324 1,417,610 1,462,946 
    Total Assets$32,237,438 $32,118,400 $31,995,086 $32,040,448 $32,132,028 
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits$26,768,335 $26,589,407 $26,332,490 $26,138,067 $26,328,972 
Borrowings1,252,579 1,297,375 1,471,961 1,773,900 1,657,200 
Other liabilities711,241 741,171 777,037 799,235 871,535 
    Total Liabilities28,732,155 28,627,953 28,581,488 28,711,202 28,857,707 
Shareholders' equity3,505,283 3,490,447 3,413,598 3,329,246 3,274,321 
    Total Liabilities and Shareholders' Equity$32,237,438 $32,118,400 $31,995,086 $32,040,448 $32,132,028 
LOANS, DEPOSITS AND BORROWINGS DETAIL:
Loans, by type:
Real estate - commercial mortgage$9,985,368 $9,820,944 $9,734,156 $9,678,038 $9,676,517 
Commercial and industrial4,494,031 4,539,060 4,437,905 4,541,765 4,531,266 
Real estate - residential mortgage6,735,338 6,669,993 6,617,017 6,511,687 6,409,657 
Real estate - home equity1,253,192 1,242,831 1,214,399 1,193,410 1,170,470 
Real estate - construction876,498 970,298 1,134,748 1,155,099 1,175,445 
Consumer565,041 564,349 566,291 583,949 597,305 
Leases and other loans(2)
356,877 337,409 336,973 348,591 301,914 
Total Net Loans$24,266,345 $24,144,884 $24,041,489 $24,012,539 $23,862,574 
Deposits, by type:
Noninterest-bearing demand$5,334,920 $5,256,096 $5,136,210 $5,337,771 $5,435,934 
Interest-bearing demand7,823,683 7,970,188 8,035,393 7,593,083 7,804,388 
Savings8,875,256 8,512,829 8,417,678 8,271,925 8,208,526 
     Total demand and savings22,033,859 21,739,113 21,589,281 21,202,779 21,448,848 
Brokered715,850 855,042 709,667 817,398 738,458 
Time4,018,626 3,995,252 4,033,542 4,117,890 4,141,666 
Total Deposits$26,768,335 $26,589,407 $26,332,490 $26,138,067 $26,328,972 
Borrowings, by type:
Federal Home Loan Bank advances$200,000 $250,000 $450,000 $800,000 $750,000 
Senior debt and subordinated debt367,720 367,637 367,557 367,476 367,396 
Other borrowings684,859 679,738 654,404 606,424 539,804 
Total Borrowings$1,252,579 $1,297,375 $1,471,961 $1,773,900 $1,657,200 
(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.
7

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Net Interest Income:
Interest income$390,056 $403,416 $411,006 $402,761 $399,692 
Interest expense128,033 137,374 146,808 147,840 148,505 
    Net Interest Income262,023 266,042 264,198 254,921 251,187 
Provision for credit losses14,442 2,948 10,245 8,607 13,898 
    Net Interest Income after Provision247,581 263,094 253,953 246,314 237,289 
Non-Interest Income:
Wealth management24,496 23,879 22,639 22,281 21,785 
Commercial banking:
   Merchant and card6,343 6,847 7,327 7,376 6,591 
   Cash management8,363 8,374 8,335 8,376 7,799 
   Capital markets3,614 3,730 2,908 2,945 2,411 
   Other commercial banking4,486 5,162 4,595 4,734 4,528 
Total commercial banking22,806 24,113 23,165 23,431 21,329 
Consumer banking:
  Card7,887 8,366 8,246 7,958 7,544 
  Overdraft3,798 4,109 4,153 3,817 3,295 
  Other consumer banking2,491 2,967 2,775 2,753 2,229 
Total consumer banking14,176 15,442 15,174 14,528 13,068 
Mortgage banking3,955 3,636 3,711 3,991 3,138 
Other4,408 2,910 5,718 4,917 7,914 
Non-interest income before investment securities (losses) gains69,841 69,980 70,407 69,148 67,234 
Investment securities (losses) gains, net— — — — (2)
    Total Non-Interest Income69,841 69,980 70,407 69,148 67,232 
Non-Interest Expense:
Salaries and employee benefits109,917 121,632 111,265 107,123 103,526 
Data processing and software18,662 19,695 18,535 18,262 18,599 
Net occupancy18,229 17,554 15,954 16,410 18,207 
Other outside services12,750 13,105 12,951 12,009 11,837 
Intangible amortization5,349 5,365 5,368 5,460 6,269 
FDIC insurance4,249 4,540 5,089 4,951 5,597 
Equipment 3,924 4,001 3,926 4,100 4,150 
Professional fees2,239 2,088 2,320 2,163 (1,078)
Marketing2,331 1,694 2,470 2,604 2,521 
Acquisition-related expenses2,644 802 — — 380 
Other20,000 22,510 18,696 19,729 19,452 
    Total Non-Interest Expense200,294 212,986 196,574 192,811 189,460 
    Income Before Income Taxes117,128 120,088 127,786 122,651 115,061 
Income tax expense22,367 21,118 27,332 23,453 22,074 
    Net Income94,761 98,970 100,454 99,198 92,987 
Preferred stock dividends(2,562)(2,562)(2,562)(2,562)(2,562)
     Net Income Available to Common Shareholders$92,199 $96,408 $97,892 $96,636 $90,425 
8

Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
PER SHARE:
Net income available to common shareholders (basic)$0.51 $0.53 $0.54 $0.53 $0.50 
Net income available to common shareholders (diluted)$0.51 $0.53 $0.53 $0.53 $0.49 
Cash dividends$0.19 $0.19 $0.18 $0.18 $0.18 
Weighted average shares (basic)179,720 180,405 181,658 182,261 182,179 
Weighted average shares (diluted)181,655 182,197 183,349 183,813 184,077 




9

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
March 31, 2026December 31, 2025March 31, 2025
AverageYield/AverageYield/AverageYield/
Balance
Interest(1)
RateBalance
Interest(1)
RateBalance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$24,225,655 $341,843 5.70 %$24,053,089 $352,014 5.82 %$24,006,863 $347,626 5.86 %
Investment securities(3)
5,001,079 44,771 3.58 %5,159,396 47,007 3.64 %5,199,000 47,242 3.63 %
Other interest-earning assets773,171 7,745 4.05 %820,025 8,811 4.27 %793,126 9,164 4.67 %
Total Interest-Earning Assets29,999,905 394,359 5.31 %30,032,510 407,832 5.40 %29,998,989 404,032 5.44 %
Noninterest-earning assets:
Cash and due from banks300,074 284,768 301,897 
Premises and equipment173,203 178,194 191,248 
Other assets1,896,687 1,898,152 1,864,996 
Less: ACL - loans(4)
(370,641)(380,461)(385,529)
Total Assets$31,999,228 $32,013,163 $31,971,601 
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Demand deposits$7,774,121 $29,036 1.51 %$7,984,980 $33,831 1.68 %$7,753,586 $34,189 1.79 %
Savings deposits8,684,478 44,663 2.09 %8,519,075 47,219 2.20 %7,971,728 45,101 2.29 %
Brokered deposits856,823 8,210 3.89 %803,755 8,325 4.11 %904,722 10,038 4.50 %
Time deposits4,015,644 33,896 3.42 %3,986,459 34,996 3.48 %4,127,784 41,564 4.08 %
Total Interest-Bearing Deposits21,331,066 115,805 2.20 %21,294,269 124,371 2.32 %20,757,820 130,892 2.56 %
Borrowings and other interest-bearing liabilities1,359,113 12,228 3.65 %1,345,837 13,003 3.83 %1,754,900 17,613 4.07 %
Total Interest-Bearing Liabilities22,690,179 128,033 2.29 %22,640,106 137,374 2.41 %22,512,720 148,505 2.67 %
Noninterest-bearing liabilities:
Demand deposits5,120,028 5,243,390 5,412,063 
Other liabilities645,110 665,128 792,693 
Total Liabilities28,455,317 28,548,624 28,717,476 
Total Deposits26,451,094 1.78 %26,537,659 1.86 %26,169,883 2.03 %
Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)27,810,207 1.87 %27,883,496 1.96 %27,924,783 2.15 %
Shareholders' equity3,543,911 3,464,539 3,254,125 
Total Liabilities and Shareholders' Equity$31,999,228 $32,013,163 $31,971,601 
Net interest income/net interest margin (fully taxable equivalent)266,326 3.58 %270,458 3.59 %255,527 3.43 %
Tax equivalent adjustment(4,303)(4,416)(4,340)
Net Interest Income$262,023 $266,042 $251,187 
(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.



10

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Loans, by type:
Real estate - commercial mortgage$9,930,713 $9,785,717 $9,721,395 $9,652,320 $9,655,283 
Commercial and industrial4,522,694 4,473,522 4,494,662 4,530,085 4,608,401 
Real estate - residential mortgage6,696,646 6,646,318 6,560,413 6,448,443 6,367,978 
Real estate - home equity1,235,977 1,223,293 1,191,465 1,179,109 1,160,713 
Real estate - construction926,026 1,014,343 1,125,130 1,172,138 1,296,090 
Consumer576,852 577,136 590,658 599,505 615,741 
Leases and other loans(1)
336,747 332,760 336,599 318,142 302,657 
Total Net Loans$24,225,655 $24,053,089 $24,020,322 $23,899,742 $24,006,863 
Deposits, by type:
Noninterest-bearing demand$5,120,028 $5,243,390 $5,239,393 $5,303,997 $5,412,063 
Interest-bearing demand7,774,121 7,984,980 7,876,227 7,800,881 7,753,586 
Savings8,684,478 8,519,075 8,391,379 8,219,637 7,971,728 
     Total demand and savings21,578,627 21,747,445 21,506,999 21,324,515 21,137,377 
Brokered856,823 803,755 694,486 688,957 904,722 
Time4,015,644 3,986,459 4,097,195 4,112,130 4,127,784 
Total Deposits$26,451,094 $26,537,659 $26,298,680 $26,125,602 $26,169,883 
Borrowings, by type:
Federal funds purchased$— $54 $— $1,099 $— 
Federal Home Loan Bank advances221,039 237,880 484,022 712,198 709,367 
Senior debt and subordinated debt367,679 367,598 367,517 367,438 367,357 
Other borrowings and other interest-bearing liabilities770,395 740,305 713,456 675,511 678,176 
Total Borrowings$1,359,113 $1,345,837 $1,564,995 $1,756,246 $1,754,900 
(1) Includes equipment lease financing, overdraft and net origination fees and costs.

11

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Allowance for credit losses related to net loans:
Balance at beginning of period$364,462$376,258$377,337$379,677$379,156
Initial allowance for credit losses on purchased loans 3,351————
Loans charged off:
    Real estate - commercial mortgage(4,102)(14,104)(3,906)(6,402)(12,106)
    Commercial and industrial(10,545)(5,295)(5,847)(5,780)(3,865)
    Real estate - residential mortgage(391)(58)(394)(258)(343)
    Consumer and home equity(2,164)(2,212)(2,527)(1,885)(2,193)
    Real estate - construction——(5,286)(100)—
    Leases and other loans(2)
(1,116)(1,140)(1,479)(1,491)(1,527)
    Total loans charged off(18,318)(22,809)(19,439)(15,916)(20,034)
Recoveries of loans previously charged off:
    Real estate - commercial mortgage7016334,307133374
    Commercial and industrial7406,5923,2052,6285,952
    Real estate - residential mortgage7223033203174
    Consumer and home equity584861726899660
    Real estate - construction884—479982
    Leases and other loans(2)
429146192240201
    Total recoveries of loans previously charged off3,4108,4628,5104,2027,443
Net loans charged off(14,908)(14,347)(10,929)(11,714)(12,591)
Provision for credit losses(1)
14,5842,5519,8509,37413,112
Balance at end of period$367,489$364,462$376,258$377,337$379,677
Net charge-offs to average loans(3)
0.25 %0.24 %0.18 %0.20 %0.21 %
Provision for credit losses related to OBS Credit Exposures
Provision for credit losses(1)
$(142)$397$395$(767)$786
NON-PERFORMING ASSETS:
Non-accrual loans$142,035$153,872$150,137$182,942$162,426
Loans 90 days past due and accruing33,81629,92448,59729,94934,367
    Total non-performing loans175,851183,796198,734212,891196,793
Other real estate owned1,6481,3652,3052,7062,193
Total non-performing assets$177,499$185,161$201,039$215,597$198,986
NON-PERFORMING LOANS, BY TYPE:
Commercial and industrial$47,759$47,756$48,817$45,565$42,913
Real estate - commercial mortgage64,89074,98187,78990,85288,081
Real estate - residential mortgage47,82645,56944,68937,70346,878
Consumer and home equity12,33911,87512,65811,10912,682
Real estate - construction3,0002,2673,46125,6023,666
Leases and other loans(2)
371,3481,3202,0602,573
Total non-performing loans$175,851$183,796$198,734$212,891$196,793
(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.
12

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
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Operating net income available to common shareholders
Net income available to common shareholders$92,199$96,408$97,892$96,636$90,425
Less: Other (1)
—(4,989)(738)(9)(122)
Plus: Core deposit intangible amortization5,2555,2555,2555,3466,155
Plus: Acquisition-related expense2,644802——380
Plus: FDIC special assessment—(95)———
Plus: FultonFirst implementation and asset disposals1,5562,795(207)(270)(47)
Less: Tax impact of adjustments(1,985)(791)(905)(1,064)(1,337)
Operating net income available to common shareholders (numerator)$99,669$99,385$101,297$100,639$95,454
Weighted average shares (diluted) (denominator)181,655182,197183,349183,813184,077
Operating net income available to common shareholders, per share (diluted)$0.55$0.55$0.55$0.55$0.52
Common shareholders' equity (tangible), per share
Shareholders' equity$3,505,283$3,490,447$3,413,598$3,329,246$3,274,321
Less: Preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Goodwill and intangible assets(607,647)(612,996)(618,361)(623,729)(629,189)
Tangible common shareholders' equity (numerator)$2,704,758$2,684,573$2,602,359$2,512,639$2,452,254
Shares outstanding, end of period (denominator)178,843179,895180,865182,379182,204
Common shareholders' equity (tangible), per share$15.12$14.92$14.39$13.78$13.46
(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 Acquisition.
13

Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Operating return on average assets
Net income$94,761$98,970$100,454$99,198$92,987
Less: Other (1)
—(4,989)(738)(9)(122)
Plus: Core deposit intangible amortization5,2555,2555,2555,3466,155
Plus: Acquisition-related expense2,644802——380
Plus: FDIC special assessment—(95)———
Plus: FultonFirst implementation and asset disposals1,5562,795(207)(270)(47)
Less: Tax impact of adjustments(1,985)(791)(905)(1,064)(1,337)
Operating net income (numerator)$102,231$101,947$103,859$103,201$98,016
Total average assets $31,999,228$32,013,163$31,924,038$31,901,574$31,971,601
Less: Average net core deposit intangible(54,629)(60,726)(65,999)(71,282)(77,039)
Total operating average assets (denominator)$31,944,599$31,952,437$31,858,039$31,830,292$31,894,562
Operating return on average assets(2)
1.30%1.27%1.29%1.30%1.25%
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders$92,199$96,408$97,892$96,636$90,425
Less: Other (1)
—(4,989)(738)(9)(122)
Plus: Intangible amortization5,3495,3655,3685,4606,269
Plus: Acquisition-related expense2,644802——380
Plus: FDIC special assessment—(95)——
Plus: FultonFirst implementation and asset disposals1,5562,795(207)(270)(47)
Less: Tax impact of adjustments(2,005)(814)(929)(1,088)(1,361)
Adjusted net income available to common shareholders (numerator)$99,743$99,472$101,386$100,729$95,544
Average shareholders' equity$3,543,911$3,464,539$3,361,368$3,304,015$3,254,125
Less: Average preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Average goodwill and intangible assets(610,262)(615,600)(620,986)(626,383)(632,254)
Average tangible common shareholders' equity (denominator)$2,740,771$2,656,061$2,547,504$2,484,754$2,428,993
Operating return on average common shareholders' equity (tangible)(2)
14.76%14.86%15.79%16.26%15.95%
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity$3,505,283$3,490,447$3,413,598$3,329,246$3,274,321
Less: Preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Goodwill and intangible assets(607,647)(612,996)(618,361)(623,729)(629,189)
Tangible common shareholders' equity (numerator)$2,704,758$2,684,573$2,602,359$2,512,639$2,452,254
Total assets$32,237,438$32,118,400$31,995,086$32,040,448$32,132,028
Less: Goodwill and intangible assets(607,647)(612,996)(618,361)(623,729)(629,189)
Total tangible assets (denominator)$31,629,791$31,505,404$31,376,725$31,416,719$31,502,839
Tangible common equity to tangible assets8.55%8.52%8.29%8.00%7.78%
(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 Acquisition.
(2) Results are annualized.
14

Three months ended
Mar 31Dec 31Sep 30Jun 30Mar 31
20262025202520252025
Efficiency ratio
Non-interest expense$200,294$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)20727047
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
Net interest income$262,023$266,042$264,198$254,921$251,187
Tax equivalent adjustment4,3034,4164,4364,3894,340
Plus: Total non-interest income69,84169,98070,40769,14867,232
Less: Other revenue—11(138)(9)(122)
Plus: Investment securities (gains) losses, net————2
Total revenue (denominator)$336,167$340,449$338,903$328,449$322,639
Efficiency ratio56.7%60.0%56.5%57.1%56.7%
Operating non-interest expense to total average assets
Non-interest expense$200,294$212,986$196,574$192,811$189,460
Less: Intangible amortization(5,349)(5,365)(5,368)(5,460)(6,269)
Less: Acquisition-related expense(2,644)(802)——(380)
Less: FDIC special assessment—95———
Less: FultonFirst implementation and asset disposals(1,556)(2,795)20727047
Operating non-interest expense (numerator)$190,745$204,119$191,413$187,621$182,858
Total average assets (denominator)$31,999,228$32,013,163$31,924,038$31,901,574$31,971,601
Operating non-interest expenses to total average assets(1)
2.42%2.53%2.38%2.36%2.32%
(1) Results are annualized.
15