Exhibit 99.1

FULTON FINANCIAL
CORPORATION
FOR IMMEDIATE RELEASE
Media Contact: Lacey Dean (717) 735-8688
Investor Contact: Matt Jozwiak (717) 327-2657


Fulton Financial Corporation Announces 2025 Second Quarter Results

(July 15, 2025) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $96.6 million, or $0.53 per diluted share, for the second quarter of 2025, an increase of $6.2 million, or $0.04 per diluted share, in comparison to the first quarter of 2025. Operating net income available to common shareholders for the three months ended June 30, 2025 was $100.6 million(1), or $0.55 per diluted share(1), an increase of $5.2 million, or $0.03 per diluted share, in comparison to the first quarter of 2025.

Net income available to common shareholders for the six months ended June 30, 2025 was $187.1 million, or $1.02 per diluted share, an increase of $35.3 million, or $0.13 per diluted share, in comparison to the six months ended June 30, 2024. Operating net income available to common shareholders for the six months ended June 30, 2025, was $196.1 million(1), or $1.07 per diluted share(1), an increase of $48.2 million, or $0.20 per diluted share, in comparison to the six months ended June 30, 2024.

"I'm proud that our team has delivered a new company record, with operating net income of $100.6 million, or $0.55 per diluted share, this past quarter," said Curt Myers, Chairman and CEO of Fulton. "Our community banking strategy continues to provide significant value to customers and has once again resulted in strong bottom-line results for the company."

Financial Highlights

Second quarter of 2025 operating results of $0.55 per diluted share were impacted by the following items:

•Solid net interest margin of 3.47%, with a two basis point decrease in total cost of funds compared to the prior quarter.

•Non-interest income increased $1.9 million to $69.1 million compared to $67.2 million in the prior quarter.

•Non-interest expense increased $3.4 million to $192.8 million compared to $189.5 million in the prior quarter. Operating non-interest expense increased $4.8 million to $187.6 million(1) compared to $182.9 million in the prior quarter.




•Provision for credit losses was $8.6 million resulting in an allowance for credit losses attributable to net loans of $377.3 million, or 1.57% of total net loans as of June 30, 2025.

•Net loans increased $150.0 million, or 2.5% annualized, compared to the prior quarter.

•Common equity tier 1 capital ratio(2) increased to approximately 11.3% compared to 11.1% in the prior quarter.

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

•Net interest income totaled $254.9 million, an increase of $3.7 million. Increases of $2.2 million in interest income on investment securities and $1.8 million in interest income on net loans were partially offset by a $1.0 million decrease in interest income on other interest-earning assets. A $1.7 million decrease in interest expense on deposits was partially offset by a $1.0 million increase in interest expense on borrowings and other interest-bearing liabilities. Purchase loan mark accretion from loans acquired in the Acquisition(3) was $11.4 million in the second quarter of 2025 compared to $13.1 million in the prior quarter.

•Non-interest income before investment securities gains (losses) was $69.1 million compared to $67.2 million in the prior quarter. The $1.9 million increase was primarily due to increases of $0.9 million in mortgage banking income, $0.8 million in merchant and card fee income, $0.6 million in cash management fee income, $0.5 million in overdraft fee income, $0.5 million in wealth management revenues, $0.5 million in other consumer deposit banking fees, $0.4 million in debit card fee income and $0.4 million in commercial customer interest rate derivative fee income, reflected in capital markets income, partially offset by a $2.7 million decrease in income from equity method investments, reflected in other income.

•Non-interest expense was $192.8 million compared to $189.5 million in the prior quarter. The $3.4 million increase in non-interest expense was primarily due to a $3.6 million increase in salaries and employee benefits expense largely due to annual merit increases taking effect at the beginning of the second quarter of 2025, one additional calendar day in the second quarter of 2025 and an increase in incentive compensation expense. Additional drivers of the increase in non-interest expense included a $3.2 million increase in professional fees largely driven by a recovery of previously incurred fees in the first quarter of 2025, partially offset by decreases of $1.8 million in net occupancy costs largely due to a decrease in snow removal expense, $0.7 million in state tax expense, reflected in other expense, $0.6 million in FDIC insurance expense and $0.3 million in data processing and software expense.



2


Balance Sheet Summary

•Net loans totaled $24.0 billion, an increase of $150.0 million, compared to $23.9 billion as of March 31, 2025. The increase in net loans was due to increases of $117.4 million in consumer loans(4) and $32.6 million in commercial and other loans(4).

•Deposits totaled $26.1 billion, a decrease of $190.9 million, compared to $26.3 billion as of March 31, 2025. The decrease was primarily due to decreases of $211.3 million in interest-bearing demand deposits, $98.2 million in noninterest-bearing demand deposits and $23.8 million in time deposits, partially offset by increases of $78.9 million in brokered deposits and $63.4 million in savings deposits.

Provision for Credit Losses and Asset Quality

•The provision for credit losses was $8.6 million in the second quarter of 2025, resulting in a $377.3 million allowance for credit losses attributable to net loans, or 1.57% of total net loans as of June 30, 2025, compared to $379.7 million, or 1.59% of total net loans as of March 31, 2025.

•Non-performing assets were $215.6 million, or 0.67% of total assets, as of June 30, 2025, in comparison to $199.0 million, or 0.62% of total assets, as of March 31, 2025.

•Annualized net charge-offs for the second quarter of 2025 were 0.20% of total average loans in comparison to 0.21% 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 June 30, 2025, are preliminary estimates and prior periods are actual.

(3) 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
"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..

(4) Commercial loans include real estate - commercial mortgage, commercial and industrial, leases and other loans and includes a decrease in commercial construction loans of $26.1 million, reflected in real estate - construction. Consumer loans include real estate - residential mortgage, real estate - home equity, consumer and includes an increase of $5.8 million in residential construction loans, reflected in real estate - construction.

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, 2024, Quarterly Report on Form 10-Q for the quarter ended March 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
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Ending Balances
Investment securities(1)
$5,093,027$5,071,323$4,806,468$4,545,278$4,184,027
Net loans24,012,53923,862,57424,044,91924,176,07524,106,297
Total assets32,040,44832,132,02832,071,81032,185,72631,769,813
Deposits26,138,06726,328,97226,129,43326,152,14425,559,654
Shareholders' equity3,329,2463,274,3213,197,3253,203,9433,101,609
Average Balances
Investment securities(1)
5,084,3714,906,9524,771,5374,237,8054,043,136
Net loans23,899,74324,006,86324,068,78424,147,80123,345,914
Total assets31,901,57431,971,60132,098,85231,895,23530,774,891
Deposits26,125,60226,169,88326,313,37825,778,25924,642,954
Shareholders' equity3,304,0153,254,1253,219,0263,160,3222,952,671
Income Statement
Net interest income254,921 251,187 253,659 258,009 241,720 
Provision for credit losses8,607 13,898 16,725 11,929 32,056 
Non-interest income69,148 67,232 65,924 59,673 92,994 
Non-interest expense192,811 189,460 216,615 226,089 199,488 
Income before taxes122,651 115,061 86,243 79,664 103,170 
Net income available to common shareholders96,636 90,425 66,058 60,644 92,413 
Per Share
Net income available to common shareholders (basic)$0.53 $0.50 $0.36 $0.33 $0.53 
Net income available to common shareholders (diluted)$0.53 $0.49 $0.36 $0.33 $0.52 
Operating net income available to common shareholders(2)
$0.55 $0.52 $0.48 $0.50 $0.47 
Cash dividends$0.18 $0.18 $0.18 $0.17 $0.17 
Common shareholders' equity$17.20 $16.91 $16.50 $16.55 $16.00 
Common shareholders' equity (tangible)(2)
$13.78 $13.46 $13.01 $13.02 $12.43 
Weighted average shares (basic)182,261 182,179 182,032 181,905 175,305 
Weighted average shares (diluted)183,813 184,077 183,867 183,609 176,934 
(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
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Asset Quality
Net charge-offs to average loans (annualized) 0.20 %0.21 %0.22 %0.18 %0.19 %
Non-performing loans to total net loans0.89 %0.82 %0.92 %0.84 %0.72 %
Non-performing assets to total assets0.67 %0.62 %0.69 %0.64 %0.55 %
ACL - loans(1) to total loans
1.57 %1.59 %1.58 %1.56 %1.56 %
ACL - loans(1) to non-performing loans
177 %193 %172 %186 %218 %
Profitability
Return on average assets1.25 %1.18 %0.85 %0.79 %1.24 %
Operating return on average assets(2)
1.30 %1.25 %1.14 %1.17 %1.11 %
Return on average common shareholders' equity12.46 %11.98 %8.68 %8.13 %13.47 %
Operating return on average common shareholders' equity (tangible)(2)
16.26 %15.95 %14.83 %15.65 %15.56 %
Net interest margin3.47 %3.43 %3.41 %3.49 %3.43 %
Efficiency ratio(2)
57.1 %56.7 %58.4 %59.6 %62.6 %
Non-interest expense to total average assets2.42 %2.40 %2.68 %2.82 %2.61 %
Operating non-interest expense to total average assets(2)
2.36 %2.32 %2.36 %2.45 %2.55 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)
8.0 %7.8 %7.5 %7.5 %7.3 %
Tier 1 leverage ratio9.3 %9.2 %9.0 %9.0 %9.2 %
Common equity Tier 1 capital ratio11.3 %11.1 %10.8 %10.5 %10.3 %
Tier 1 risk-based capital ratio12.1 %11.9 %11.5 %11.3 %11.1 %
Total risk-based capital ratio14.7 %14.5 %14.3 %14.0 %13.8 %
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet
    ("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Regulatory capital ratios as of June 30, 2025 are preliminary estimates and prior periods are actual.

6

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
ASSETS
Cash and due from banks$362,280 $388,503 $279,041 $296,500 $333,238 
Other interest-earning assets583,899 778,117 924,404 1,287,392 1,188,341 
Loans held for sale23,281 15,965 25,618 17,678 26,822 
Investment securities5,093,027 5,071,323 4,806,468 4,545,278 4,184,027 
Net loans24,012,539 23,862,574 24,044,919 24,176,075 24,106,297 
Less: ACL - loans(1)
(377,337)(379,677)(379,156)(375,961)(375,941)
   Loans, net23,635,202 23,482,897 23,665,763 23,800,114 23,730,356 
Net premises and equipment184,290 186,873 195,527 171,731 180,642 
Accrued interest receivable117,130 116,215 117,029 115,903 120,752 
Goodwill and intangible assets623,729 629,189 635,458 641,739 648,026 
Other assets1,417,610 1,462,946 1,422,502 1,309,391 1,357,609 
    Total Assets$32,040,448 $32,132,028 $32,071,810 $32,185,726 $31,769,813 
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits$26,138,067 $26,328,972 $26,129,433 $26,152,144 $25,559,654 
Borrowings1,773,900 1,657,200 1,782,048 2,052,227 2,178,597 
Other liabilities799,235 871,535 963,004 777,412 929,953 
    Total Liabilities28,711,202 28,857,707 28,874,485 28,981,783 28,668,204 
Shareholders' equity3,329,246 3,274,321 3,197,325 3,203,943 3,101,609 
    Total Liabilities and Shareholders' Equity$32,040,448 $32,132,028 $32,071,810 $32,185,726 $31,769,813 
LOANS, DEPOSITS AND BORROWINGS DETAIL:
Loans, by type:
Real estate - commercial mortgage$9,678,038 $9,676,517 $9,601,858 $9,493,479 $9,289,770 
Commercial and industrial4,541,765 4,531,266 4,605,589 4,914,734 4,967,796 
Real estate - residential mortgage6,511,687 6,409,657 6,349,643 6,302,624 6,248,856 
Real estate - home equity1,193,410 1,170,470 1,160,616 1,144,402 1,120,878 
Real estate - construction1,155,099 1,175,445 1,394,899 1,332,954 1,463,799 
Consumer583,949 597,305 616,856 651,717 692,086 
Leases and other loans(2)
348,591 301,914 315,458 336,165 323,112 
Total Net Loans$24,012,539 $23,862,574 $24,044,919 $24,176,075 $24,106,297 
Deposits, by type:
Noninterest-bearing demand$5,337,771 $5,435,934 $5,499,760 $5,501,699 $5,609,383 
Interest-bearing demand7,593,083 7,804,388 7,843,604 7,779,472 7,478,077 
Savings8,271,925 8,208,526 7,792,114 7,740,595 7,563,495 
     Total demand and savings21,202,779 21,448,848 21,135,478 21,021,766 20,650,955 
Brokered817,398 738,458 843,857 843,473 995,975 
Time4,117,890 4,141,666 4,150,098 4,286,905 3,912,724 
Total Deposits$26,138,067 $26,328,972 $26,129,433 $26,152,144 $25,559,654 
Borrowings, by type:
Federal Home Loan Bank advances$800,000 $750,000 $850,000 $950,000 $750,000 
Senior debt and subordinated debt367,476 367,396 367,316 535,917 535,741 
Other borrowings606,424 539,804 564,732 566,310 892,856 
Total Borrowings$1,773,900 $1,657,200 $1,782,048 $2,052,227 $2,178,597 
(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 endedSix months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30
2025202520242024202420252024
Net Interest Income:
Interest income$402,761 $399,692 $414,368 $427,656 $400,506 $802,452 $740,172 
Interest expense147,840 148,505 160,709 169,647 158,786 296,345 291,515 
    Net Interest Income254,921 251,187 253,659 258,009 241,720 506,107 448,657 
Provision for credit losses8,607 13,898 16,725 11,929 32,056 22,505 42,981 
    Net Interest Income after Provision246,314 237,289 236,934 246,080 209,664 483,602 405,676 
Non-Interest Income:
Wealth management22,281 21,785 22,002 21,596 20,990 44,066 41,144 
Commercial banking:
   Merchant and card7,376 6,591 7,082 7,496 7,798 13,967 14,607 
   Cash management8,376 7,799 7,633 7,201 6,966 16,175 13,271 
   Capital markets2,945 2,411 2,797 3,311 2,585 5,356 4,926 
   Other commercial banking4,734 4,528 4,942 4,281 4,061 9,262 7,434 
Total commercial banking23,431 21,329 22,454 22,289 21,410 44,760 40,238 
Consumer banking:
  Card7,958 7,544 8,064 7,917 8,305 15,502 14,933 
  Overdraft3,817 3,295 3,644 3,957 3,377 7,112 6,163 
  Other consumer banking2,753 2,229 2,601 3,054 2,918 4,982 5,172 
Total consumer banking14,528 13,068 14,309 14,928 14,600 27,596 26,268 
Mortgage banking3,991 3,138 3,759 3,142 3,951 7,130 7,041 
Gain on acquisition, net of tax— — (2,689)(7,706)47,392 — 47,392 
Other4,917 7,914 6,089 5,425 4,933 12,830 8,332 
Non-interest income before investment securities gains (losses)69,148 67,234 65,924 59,674 113,276 136,382 170,415 
Investment securities losses, net— (2)— (1)(20,282)(2)(20,282)
    Total Non-Interest Income69,148 67,232 65,924 59,673 92,994 136,380 150,133 
Non-Interest Expense:
Salaries and employee benefits107,123 103,526 107,886 118,824 110,630 210,649 206,111 
Data processing and software18,262 18,599 19,550 20,314 20,357 36,861 38,018 
Net occupancy16,410 18,207 16,417 18,999 17,793 34,617 33,943 
Other outside services12,009 11,837 14,531 15,839 16,933 23,846 30,216 
Intangible amortization5,460 6,269 6,282 6,287 4,688 11,729 5,261 
FDIC insurance4,951 5,597 5,921 5,109 6,696 10,549 12,800 
Equipment 4,100 4,150 4,388 4,860 4,561 8,249 8,602 
Marketing2,604 2,521 2,695 2,251 2,101 5,124 4,012 
Professional fees2,163 (1,078)3,387 2,811 2,571 1,085 4,659 
Acquisition-related expenses— 380 9,637 14,195 13,803 380 13,803 
Other19,729 19,452 25,921 16,600 (645)39,181 19,662 
    Total Non-Interest Expense192,811 189,460 216,615 226,089 199,488 382,270 377,087 
    Income Before Income Taxes122,651 115,061 86,243 79,664 103,170 237,712 178,722 
Income tax expense23,453 22,074 17,623 16,458 8,195 45,527 21,806 
    Net Income99,198 92,987 68,620 63,206 94,975 192,185 156,916 
Preferred stock dividends(2,562)(2,562)(2,562)(2,562)(2,562)(5,124)(5,124)
     Net Income Available to Common Shareholders$96,636 $90,425 $66,058 $60,644 $92,413 $187,061 $151,792 
8

Three months endedSix months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30
2025202520242024202420252024
PER SHARE:
Net income available to common shareholders (basic)$0.53 $0.50 $0.36 $0.33 $0.53 $1.03 $0.90 
Net income available to common shareholders (diluted)$0.53 $0.49 $0.36 $0.33 $0.52 $1.02 $0.89 
Cash dividends$0.18 $0.18 $0.18 $0.17 $0.17 $0.36 $0.34 
Weighted average shares (basic)182,261 182,179 182,032 181,905 175,305 182,220 169,006 
Weighted average shares (diluted)183,813 184,077 183,867 183,609 176,934 183,999 170,769 




9

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
June 30, 2025March 31, 2025June 30, 2024
AverageYield/AverageYield/AverageYield/
Balance
Interest(1)
RateBalance
Interest(1)
RateBalance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$23,899,742 $349,490 5.86 %$24,006,863 $347,626 5.86 %$23,345,914 $355,533 6.12 %
Investment securities(3)
5,390,953 49,463 3.67 %5,199,000 47,242 3.63 %4,396,050 33,799 3.07 %
Other interest-earning assets682,075 8,197 4.82 %793,126 9,164 4.67 %1,125,886 15,730 5.61 %
Total Interest-Earning Assets29,972,770 407,150 5.44 %29,998,989 404,032 5.44 %28,867,850 405,062 5.64 %
Noninterest-earning assets:
Cash and due from banks277,880 301,897 302,381 
Premises and equipment186,989 191,248 203,166 
Other assets1,848,891 1,864,996 1,759,138 
Less: ACL - loans(4)
(384,956)(385,529)(357,644)
Total Assets$31,901,574 $31,971,601 $30,774,891 
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Demand deposits$7,800,881 $34,745 1.79 %$7,753,586 $34,189 1.79 %$7,080,302 $31,748 1.80 %
Savings deposits8,219,637 47,462 2.32 %7,971,728 45,101 2.29 %7,309,141 44,901 2.47 %
Brokered deposits688,957 7,495 4.36 %904,722 10,038 4.50 %1,123,328 15,074 5.40 %
Time deposits4,112,130 39,492 3.85 %4,127,784 41,564 4.08 %3,670,158 39,364 4.31 %
Total Interest-Bearing Deposits20,821,605 129,194 2.49 %20,757,820 130,892 2.56 %19,182,929 131,087 2.75 %
Borrowings and other interest-bearing liabilities1,756,246 18,646 4.26 %1,754,900 17,613 4.07 %2,441,691 27,699 4.53 %
Total Interest-Bearing Liabilities22,577,851 147,840 2.62 %22,512,720 148,505 2.67 %21,624,620 158,786 2.95 %
Noninterest-bearing liabilities:
Demand deposits5,303,997 5,412,063 5,460,025 
Other liabilities715,711 792,693 737,575 
Total Liabilities28,597,559 28,717,476 27,822,220 
Total Deposits26,125,602 1.98 %26,169,883 2.03 %24,642,954 2.14 %
Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)27,881,848 2.13 %27,924,783 2.15 %27,084,645 2.35 %
Shareholders' equity3,304,015 3,254,125 2,952,671 
Total Liabilities and Shareholders' Equity$31,901,574 $31,971,601 $30,774,891 
Net interest income/net interest margin (fully taxable equivalent)259,310 3.47 %255,527 3.43 %246,276 3.43 %
Tax equivalent adjustment(4,389)(4,340)(4,556)
Net Interest Income$254,921 $251,187 $241,720 
(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
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Loans, by type:
Real estate - commercial mortgage$9,652,320 $9,655,283 $9,595,996 $9,318,273 $8,958,139 
Commercial and industrial4,530,085 4,608,401 4,730,101 4,998,051 4,853,583 
Real estate - residential mortgage6,448,443 6,367,978 6,319,205 6,268,922 5,977,132 
Real estate - home equity1,179,109 1,160,713 1,116,665 1,122,313 1,117,367 
Real estate - construction1,172,138 1,296,090 1,312,245 1,437,907 1,430,057 
Consumer599,505 615,741 665,261 682,602 685,183 
Leases and other loans(1)
318,142 302,657 329,311 319,733 324,453 
Total Net Loans$23,899,742 $24,006,863 $24,068,784 $24,147,801 $23,345,914 
Deposits, by type:
Noninterest-bearing demand$5,303,997 $5,412,063 $5,558,110 $5,495,950 $5,460,025 
Interest-bearing demand7,800,881 7,753,586 7,838,590 7,668,583 7,080,302 
Savings8,219,637 7,971,728 7,806,303 7,663,599 7,309,141 
     Total demand and savings21,324,515 21,137,377 21,203,003 20,828,132 19,849,468 
Brokered688,957 904,722 877,526 842,661 1,123,328 
Time4,112,130 4,127,784 4,232,849 4,107,466 3,670,158 
Total Deposits$26,125,602 $26,169,883 $26,313,378 $25,778,259 $24,642,954 
Borrowings, by type:
Federal funds purchased$1,099 $— $54 $— $32,637 
Federal Home Loan Bank advances712,198 709,367 727,957 754,130 833,726 
Senior debt and subordinated debt367,438 367,357 449,795 535,831 535,656 
Other borrowings and other interest-bearing liabilities675,511 678,176 669,625 939,387 1,039,672 
Total Borrowings$1,756,246 $1,754,900 $1,847,431 $2,229,348 $2,441,691 
(1) Includes equipment lease financing, overdraft and net origination fees and costs.

11

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Six months ended June 30
20252024
AverageYield/AverageYield/
Balance
Interest(1)
RateBalance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$23,953,003 $697,115 5.86 %$22,357,972 $669,414 6.02 %
Investment securities(3)
5,295,507 96,706 3.65 %4,189,901 60,847 2.90 %
Other interest-earning assets737,302 17,361 4.74 %699,547 19,059 5.47 %
Total Interest-Earning Assets29,985,812 811,182 5.44 %27,247,420 749,320 5.52 %
Noninterest-Earning assets:
Cash and due from banks289,822 292,638 
Premises and equipment189,108 213,270 
Other assets1,856,900 1,686,941 
Less: ACL - loans(4)
(385,241)(326,950)
Total Assets$31,936,401 $29,113,319 
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
Demand deposits$7,777,364 $68,934 1.79 %$6,338,513 $52,248 1.66 %
Savings deposits8,134,377 92,563 2.29 %6,989,186 83,699 2.41 %
Brokered deposits796,243 17,533 4.44 %1,103,356 29,728 5.42 %
Time deposits4,081,913 81,055 4.00 %3,319,249 68,986 4.18 %
Total Interest-Bearing Deposits20,789,897 260,085 2.52 %17,750,304 234,661 2.66 %
Borrowings and other interest-bearing liabilities1,755,577 36,260 4.17 %2,525,034 56,854 4.49 %
Total Interest-Bearing Liabilities22,545,474 296,345 2.65 %20,275,338 291,515 2.89 %
Noninterest-Bearing liabilities:
Demand deposits5,357,731 5,260,550 
Other liabilities753,988 717,623 
Total Liabilities28,657,193 26,253,511 
Total Deposits26,147,628 2.01 %23,010,854 2.05 %
Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)27,903,205 2.14 %25,535,888 2.29 %
Shareholders' equity3,279,208 2,859,808 
Total Liabilities and Shareholders' Equity$31,936,401 $29,113,319 
Net interest income/net interest margin (fully taxable equivalent)514,837 3.45 %457,805 3.37 %
Tax equivalent adjustment(8,730)(9,148)
Net Interest Income$506,107 $448,657 
(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.







12

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Six months ended June 30
20252024
Loans, by type:
Real estate - commercial mortgage$9,653,793 $8,562,077 
Commercial and industrial4,569,027 4,685,383 
Real estate - residential mortgage6,408,432 5,665,518 
Real estate - home equity1,169,961 1,078,344 
Real estate - construction1,233,770 1,335,348 
Consumer607,578 703,353 
Leases and other loans(1)
310,442 327,949 
Total Net Loans$23,953,003 $22,357,972 
Deposits, by type:
Noninterest-bearing demand$5,357,731 $5,260,550 
Interest-bearing demand7,777,364 6,338,513 
Savings8,134,377 6,989,186 
   Total demand and savings21,269,472 18,588,249 
Brokered796,243 1,103,356 
Time4,081,913 3,319,249 
Total Deposits$26,147,628 $23,010,854 
Borrowings, by type:
Federal funds purchased $552 $103,148 
Federal Home Loan Bank advances710,790 868,308 
Senior debt and subordinated debt367,398 535,567 
Other borrowings676,837 1,018,011 
Total Borrowings$1,755,577 $2,525,034 
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
13

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months endedSix months ended
Jun 30Mar 31Dec 31Sep 30Jun 30Jun 30Jun 30
2025202520242024202420252024
Allowance for credit losses related to net loans:
Balance at beginning of period$379,677$379,156$375,961$375,941$297,888$379,156 $293,404 
CECL day 1 provision expense(1)
————23,444— 23,444 
Initial purchased credit deteriorated allowance for credit losses——(136)(1,139)55,906— 55,906 
Loans charged off:
    Real estate - commercial mortgage(6,402)(12,106)(2,844)(2,723)(7,853)(18,508)(7,879)
    Commercial and industrial(5,780)(3,865)(9,480)(6,256)(2,955)(9,645)(10,587)
    Real estate - residential mortgage(258)(343)(55)(1,131)(35)(601)(286)
    Consumer and home equity(1,885)(2,193)(2,179)(2,308)(1,766)(4,078)(4,004)
    Real estate - construction(100)————(100)— 
    Leases and other loans(2)
(1,491)(1,527)(1,768)(726)(1,398)(3,018)(2,203)
    Total loans charged off(15,916)(20,034)(16,326)(13,144)(14,007)(35,950)(24,959)
Recoveries of loans previously charged off:
    Real estate - commercial mortgage133374199107146507 298 
    Commercial and industrial2,6285,9521,3871,0087968,580 2,044 
    Real estate - residential mortgage203174104130122377 238 
    Consumer and home equity8996609745451,1611,559 1,837 
    Real estate - construction998247103233181 233 
    Leases and other loans(2)
240201194129247441 409 
    Total recoveries of loans previously charged off4,2027,4432,9052,0222,70511,645 5,059 
Net loans charged off(11,714)(12,591)(13,421)(11,122)(11,302)(24,305)(19,900)
Provision for credit losses(1)
9,37413,11216,75212,28110,00522,486 23,087 
Balance at end of period$377,337$379,677$379,156$375,961$375,941$377,337 $375,941 
Net charge-offs to average loans(3)
0.20 %0.21 %0.22 %0.18 %0.19 %0.20 %0.18 %
Provision for credit losses related to OBS Credit Exposures
Provision for credit losses(1)
$(767)$786$(27)$(352)$(1,393)$19$(3,550)
NON-PERFORMING ASSETS:
Non-accrual loans$182,942$162,426$189,293$175,861$145,630
Loans 90 days past due and accruing29,94934,36730,78126,28626,962
    Total non-performing loans212,891196,793220,074202,147172,592
Other real estate owned2,7062,1932,6212,8441,444
Total non-performing assets$215,597$198,986$222,695$204,991$174,036
NON-PERFORMING LOANS, BY TYPE:
Commercial and industrial$45,565$42,913$43,677$64,450$58,433
Real estate - commercial mortgage90,85288,081102,35971,46748,615
Real estate - residential mortgage37,70346,87845,90141,72741,033
Consumer and home equity11,10912,68214,37412,83011,886
Real estate - construction25,6023,6661,7461,7462,632
Leases and other loans(2)
2,0602,57312,0179,9279,993
Total non-performing loans$212,891$196,793$220,074$202,147$172,592
(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.
14

FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)
Explanatory note:This press release contains supplemental financial information, as detailed below, that has been derived by methods other than GAAP. The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:
Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Operating net income available to common shareholders
Net income available to common shareholders$96,636$90,425$66,058$60,644$92,413
Less: Other revenue(9)(122)(269)(677)(708)
Plus: Gain on acquisition, net of tax——2,6897,706(47,392)
Plus: Loss on securities restructuring————20,282
Plus: Core deposit intangible amortization5,3466,1556,1556,1554,556
Plus: Acquisition-related expense—3809,63714,19513,803
Plus: CECL day 1 provision expense————23,444
Less: Gain on sale-leaseback————(20,266)
Plus: FDIC special assessment———(16)—
Plus: FultonFirst implementation and asset disposals(270)(47)10,0019,3856,323
Less: Tax impact of adjustments(1,064)(1,337)(5,360)(6,099)(9,961)
Operating net income available to common shareholders (numerator)$100,639$95,454$88,911$91,293$82,494
Weighted average shares (diluted) (denominator)183,813184,077183,867183,609176,934
Operating net income available to common shareholders, per share (diluted)$0.55$0.52$0.48$0.50$0.47
Common shareholders' equity (tangible), per share
Shareholders' equity$3,329,246$3,274,321$3,197,325$3,203,943$3,101,609
Less: Preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Goodwill and intangible assets(623,729)(629,189)(635,458)(641,739)(648,026)
Tangible common shareholders' equity (numerator)$2,512,639$2,452,254$2,368,989$2,369,326$2,260,705
Shares outstanding, end of period (denominator)182,379182,204182,089181,957181,831
Common shareholders' equity (tangible), per share$13.78$13.46$13.01$13.02$12.43
15

Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Operating return on average assets
Net income$99,198$92,987$68,620$63,206$94,975
Less: Other revenue(9)(122)(269)(677)(708)
Less: Gain on acquisition, net of tax——2,6897,706(47,392)
Plus: Loss on securities restructuring————20,282
Plus: Core deposit intangible amortization5,3466,1556,1556,1554,556
Plus: Acquisition-related expense—3809,63714,19513,803
Plus: CECL day 1 provision expense————23,444
Less: Gain on sale-leaseback————(20,266)
Plus: FDIC special assessment———(16)—
Plus: FultonFirst implementation and asset disposals(270)(47)10,0019,3856,323
Less: Tax impact of adjustments(1,064)(1,337)(5,360)(6,099)(9,961)
Operating net income (numerator)$103,201$98,016$91,473$93,855$85,056
Total average assets $31,901,574$31,971,601$32,098,852$31,895,235$30,774,891
Less: Average net core deposit intangible(71,282)(77,039)(83,173)(89,350)(68,234)
Total operating average assets (denominator)$31,830,292$31,894,562$32,015,679$31,805,885$30,706,657
Operating return on average assets(1)
1.30%1.25%1.14%1.17%1.11%
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders$96,636$90,425$66,058$60,644$92,413
Less: Other revenue(9)(122)(269)(677)(708)
Less: Gain on acquisition, net of tax——2,6897,706(47,392)
Plus: Loss on securities restructuring————20,282
Plus: Intangible amortization5,4606,2696,2826,2874,688
Plus: Acquisition-related expense—3809,63714,19513,803
Plus: CECL day 1 provision expense————23,444
Less: Gain on sale-leaseback————(20,266)
Plus: FDIC special assessment———(16)—
Plus: FultonFirst implementation and asset disposals(270)(47)10,0019,3856,323
Less: Tax impact of adjustments(1,088)(1,361)(5,387)(6,127)(9,989)
Adjusted net income available to common shareholders (numerator)$100,729$95,544$89,011$91,397$82,598
Average shareholders' equity$3,304,015$3,254,125$3,219,026$3,160,322$2,952,671
Less: Average preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Average goodwill and intangible assets(626,383)(632,254)(638,507)(644,814)(624,471)
Average tangible common shareholders' equity (denominator)$2,484,754$2,428,993$2,387,641$2,322,630$2,135,322
Operating return on average common shareholders' equity (tangible)(1)
16.26%15.95%14.83%15.65%15.56%
(1) Results are annualized.
16

Three months ended
Jun 30Mar 31Dec 31Sep 30Jun 30
20252025202420242024
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity$3,329,246$3,274,321$3,197,325$3,203,943$3,101,609
Less: Preferred stock(192,878)(192,878)(192,878)(192,878)(192,878)
Less: Goodwill and intangible assets(623,729)(629,189)(635,458)(641,739)(648,026)
Tangible common shareholders' equity (numerator)$2,512,639$2,452,254$2,368,989$2,369,326$2,260,705
Total assets$32,040,448$32,132,028$32,071,810$32,185,726$31,769,813
Less: Goodwill and intangible assets(623,729)(629,189)(635,458)(641,739)(648,026)
Total tangible assets (denominator)$31,416,719$31,502,839$31,436,352$31,543,987$31,121,787
Tangible common equity to tangible assets8.00%7.78%7.54%7.51%7.26%
Efficiency ratio
Non-interest expense$192,811$189,460$216,615$226,089$199,488
Less: Acquisition-related expense—(380)(9,637)(14,195)(13,803)
Plus: Gain on sale-leaseback————20,266
Less: FDIC special assessment———16—
Less: FultonFirst implementation and asset disposals27047(10,001)(9,385)(6,323)
Less: Intangible amortization(5,460)(6,269)(6,282)(6,287)(4,688)
Operating non-interest expense (numerator)$187,621$182,858$190,695$196,238$194,940
Net interest income$254,921$251,187$253,659$258,009$241,720
Tax equivalent adjustment4,3894,3404,3434,4244,556
Plus: Total non-interest income69,14867,23265,92459,67392,994
Less: Other revenue(9)(122)(269)(677)(708)
Less: Gain on acquisition, net of tax——2,6897,706(47,392)
Plus: Investment securities (gains) losses, net—2—120,282
Total revenue (denominator)$328,449$322,639$326,346$329,136$311,452
Efficiency ratio57.1%56.7%58.4%59.6%62.6%
Operating non-interest expense to total average assets
Non-interest expense$192,811$189,460$216,615$226,089$199,488
Less: Intangible amortization(5,460)(6,269)(6,282)(6,287)(4,688)
Less: Acquisition-related expense—(380)(9,637)(14,195)(13,803)
Plus: Gain on sale-leaseback————20,266
Less: FDIC special assessment———16—
Less: FultonFirst implementation and asset disposals27047(10,001)(9,385)(6,323)
Operating non-interest expense (numerator)$187,621$182,858$190,695$196,238$194,940
Total average assets (denominator)$31,901,574$31,971,601$32,098,852$31,895,235$30,774,891
Operating non-interest expenses to total average assets(1)
2.36%2.32%2.36%2.45%2.55%
(1) Results are annualized.
17

Six Months Ended
Jun 30Jun 30
20252024
Operating net income available to common shareholders
Net income available to common shareholders$187,061$151,792
Less: Other revenue(131)(859)
Plus Gain on acquisition, net of tax— (47,392)
Plus: Loss on securities restructuring— 20,282 
Plus: Core deposit intangible amortization11,501 4,997 
Plus: Acquisition-related expense380 13,803 
Plus: CECL day 1 provision expense— 23,444 
Less: Gain on sale-leaseback— (20,266)
Plus: FDIC special assessment—956
Plus: FultonFirst implementation and asset disposals(317)12,652
Less: Tax impact of adjustments(2,401)(11,552)
Operating net income available to common shareholders (numerator)$196,093$147,857147,857
Weighted average shares (diluted) (denominator)183,999 170,769 
Operating net income available to common shareholders, per share (diluted)$1.07$0.87

18