--- title: "Fulton Financial Corporation Announces Second Quarter 2026 Results | FULT Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/293518846.md" description: "Fulton Financial Corporation reported Q2 2026 net income of $99.9 million ($0.52 diluted EPS), up from Q1 2026, driven by the completed acquisition of Blue Foundry Bancorp. Operating net income reached $115.9 million. The company achieved record financial results, with a CET1 ratio of 12.1% and repurchased $35.6 million in stock for the year. CEO Curtis J. Myers highlighted successful integration and strategic growth." datetime: "2026-07-22T12:30:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293518846.md) - [en](https://longbridge.com/en/news/293518846.md) - [zh-HK](https://longbridge.com/zh-HK/news/293518846.md) --- # Fulton Financial Corporation Announces Second Quarter 2026 Results | FULT Stock News , /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter of 2026, an increase of $7.7 million, or $0.01 per diluted share, in comparison to the first quarter of 2026. Operating net income available to common shareholders for the three months ended June 30, 2026 was $115.9 million(1), or $0.60 per diluted share(1), an increase of $16.2 million, or $0.05 per diluted share, in comparison to the first quarter of 2026. Net income available to common shareholders for the six months ended June 30, 2026 was $192.1 million, or $1.02 per diluted share, an increase of $5.0 million, and unchanged on a per diluted share basis, in comparison to the six months ended June 30, 2025. Operating net income available to common shareholders for the six months ended June 30, 2026, was $215.5 million(1), or $1.15 per diluted share(1), an increase of $19.4 million, or $0.08 per diluted share, in comparison to the six months ended June 30, 2025. "During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis J. Myers, Fulton Chairman, CEO, and President. "With the successful integration of Blue Foundry Bank already occurring earlier this month, we are well positioned to deepen existing relationships and drive growth in this expanded footprint. Our ongoing strong performance is due to high demand for our community banking approach and the commitment of our dedicated team members to making banking personal. Our sustained focus on executing our strategic priorities is creating long-term value for our shareholders." **Blue Foundry Bancorp Transaction**(2) - On April 1, 2026, the Corporation completed its acquisition of Blue Foundry Bancorp and Blue Foundry Bank became a wholly owned subsidiary of the Corporation. On July 11, 2026, Blue Foundry Bank merged with and into Fulton Bank. - As a result of the Blue Foundry Bancorp Transaction, the Corporation acquired total assets with preliminary fair values of approximately $2.1 billion including total loans with a preliminary fair value of approximately $1.6 billion and investments with a fair value of $226.5 million. The Corporation assumed total liabilities with a fair value of $1.8 billion including total deposits with a fair value of $1.5 billion and borrowings with a fair value of $276.0 million. **Financial Highlights** **Second quarter of 2026 operating results of $0.60 per diluted share****(1)** **were impacted by the following items:** - Net interest margin remained solid at 3.60%, representing a two basis point increase from the prior quarter. - Non-interest income increased $9.5 million to $79.3 million compared to $69.8 million in the prior quarter. - Non-interest expense increased $30.7 million to $231.0 million compared to $200.3 million in the prior quarter. Operating non-interest expense increased $19.9 million to $210.6 million(1) compared to $190.7 million in the prior quarter. - Provision for credit losses was $4.9 million resulting in an allowance for credit losses attributable to net loans of $382.6 million, or 1.48% of total net loans as of June 30, 2026. The initial allowance for credit losses on loans acquired in the Blue Foundry Bancorp Transaction was $31.0 million. - Common equity tier 1 capital ratio(3) increased to approximately 12.1% compared to 11.9% in the prior quarter. - During the second quarter of 2026, 525,000 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(4) at a cost of $11.1 million or an average of $21.19 per share. As of June 30, 2026, the Corporation repurchased $35.6 million of common stock under the 2026 Repurchase Program. **The following items highlight notable changes in the components of net income in the second quarter of 2026 compared to the first quarter of 2026:** - Net interest income increased $22.2 million to $284.3 million driven by a $17.5 million increase attributable to the Blue Foundry Bancorp Transaction. A $32.6 million increase in interest income on net loans, a $2.9 million increase in interest income on investment securities and a $2.6 million increase in interest income in other interest-earning assets were partially offset by a $10.9 million increase in interest expense on deposits and a $4.9 million increase in interest expense on borrowings and other interest-bearing liabilities. Purchase loan mark accretion from loans acquired in the Republic Transaction(5) was $9.9 million in the second quarter of 2026 compared to $10.3 million in the prior quarter. Purchase loan mark accretion from loans acquired in the Blue Foundry Bancorp Transaction was $5.2 million in the second quarter of 2026. Interest expense on borrowings and other interest-bearing liabilities included approximately $2.4 million from the Corporation's $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 that were redeemed on June 15, 2026. - Non-interest income before investment securities gains (losses) was $79.3 million compared to $69.8 million in the prior quarter. The $9.5 million increase was primarily attributable to a $7.3 million increase in income from equity method investments, reflected in other income, that included $6.9 million of income recognized from an equity method investment that was sold during the quarter. Compared to the prior quarter, mortgage banking income increased by $1.0 million. - Non-interest expense was $231.0 million compared to $200.3 million in the prior quarter. The $30.7 million increase was primarily due to an $11.2 million increase in acquisition-related expenses and a $10.3 million increase in salaries and employee benefits expense driven by a $6.2 million increase as a result of the Blue Foundry Bancorp Transaction and a $3.5 million increase in incentive compensation expense. Increases of $2.2 million and $1.8 million in other outside services expense and data processing and software expense, respectively, were primarily driven by the Blue Foundry Bancorp Transaction. Other non-interest expense for the second quarter of 2026 included a $2.1 million charge incurred related to merging two employee pension plans and $0.8 million of debt extinguishment costs. **Balance Sheet Summary** - Total net loans increased $1.7 billion to $25.9 billion compared to $24.3 billion as of March 31, 2026. The increase was primarily due to a $1.6 billion increase in loans, based on preliminary fair values, as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net loans increased $102.6 million with an increase of $206.9 million in consumer loans(6), partially offset by a decrease of $104.3 million in commercial loans(6). - Deposits totaled $28.3 billion, a $1.5 billion increase compared to $26.8 billion as of March 31, 2026. The increase was primarily due to a $1.2 billion increase in deposits as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net deposits increased $249.2 million due to increases of $257.4 million in brokered deposits, $189.4 million in savings deposits and $76.4 million in time deposits, partially offset by decreases of $155.6 million in interest-bearing demand deposits and $118.5 million in noninterest-bearing demand deposits. - On May 5, 2026, the Corporation issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036. On June 15, 2026, the Corporation redeemed $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030. **Provision for Credit Losses and Asset Quality** - The provision for credit losses totaled $4.9 million in the second quarter of 2026 compared to $14.4 million in the first quarter of 2026. - The allowance for credit losses attributable to net loans was $382.6 million, or 1.48% of total net loans as of June 30, 2026, compared to $367.5 million, or 1.51% of total net loans as of March 31, 2026. The increase was largely due to a $28.7 million increase in the allowance for credit losses as a result of the Blue Foundry Bancorp Transaction. - Non-performing assets were $187.1 million, or 0.54% of total assets, as of June 30, 2026, in comparison to $177.5 million, or 0.55% of total assets, as of March 31, 2026. Non-performing assets include $16.4 million from the Blue Foundry Bancorp Transaction. - Annualized net charge-offs for the second quarter of 2026 were 0.34% of total average loans in comparison to 0.25% in the prior quarter. Additional information on Fulton is available at www.fultonbank.com. (1) Financial measure derived by methods other than generally accepted accounting principles ("GAAP"). Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of the press release. (2) On April 1, 2026, the Corporation completed its previously announced acquisition of Blue Foundry Bancorp (the "Blue Foundry Bancorp Transaction"). Following the Blue Foundry Bancorp Transaction, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry Bancorp, operated as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merged with and into the Corporation's wholly owned subsidiary Fulton Bank, National Association ("Fulton Bank") on July 11, 2026, with Fulton Bank continuing as the surviving bank. (3) Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual. (4) The 2026 Repurchase Program represents the authorization, commencing on January 1, 2026 and expiring on January 31, 2027, to repurchase up to $150 million, excluding fees, commissions, excise tax and other ancillary expenses, of the Corporation's common stock. Under this authorization, up to $25 million of the $150 million authorization may be used to repurchase the Corporation's preferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The 2026 Repurchase Program may be discontinued at any time. (5) On April 26, 2024, Fulton Bank acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"), as receiver for Republic Bank (the "Republic Transaction"), pursuant to the terms of the Purchase and Assumption Agreement - Whole Bank, All Deposits, effective as of April 26, 2024 among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank. (6) Commercial loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include decreases of $54.9 million in commercial and industrial loans, $29.7 million in commercial construction loans, reflected in real estate - construction, $18.8 million in real estate - commercial mortgage loans and $1.0 million in leases and other loans. Consumer loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include increases of $132.3 million in real estate - residential mortgage loans, $48.7 million in real estate - home equity loans, $20.9 million in residential construction loans, reflected in real estate - construction and $5.0 million in consumer loans. Note: Some numbers contained in this document may not sum due to rounding. **Forward-Looking Statements** This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Forward-looking statements are any statement that does not relate to historical or current facts and can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results. Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Numerous factors could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, including, but not limited to, the following: the impact of adverse conditions in the economy and financial markets; trade policies and the imposition of tariffs and retaliatory tariffs; the impacts of events affecting the financial services industry; the effects of actions by the federal government, including those of the Board of Governors of the Federal Reserve System and other government agencies, that impact the money supply and market interest rates; the effects of market interest rates and the relative balances of interest rate-sensitive assets to interest rate-sensitive liabilities on net interest margin and net interest income; the composition of the Corporation's loan portfolio and potential exposure to increased credit risk; the effects of changes in interest rates; investment securities gains and losses, including declines in the fair value of securities; disruptions in liquidity markets; capital and liquidity strategies; the Corporation's ability to generate capital internally or raise capital on favorable terms; the effects of competition; possible goodwill impairment charges; the impact of operational risks; the loss of, or failure to safeguard, confidential or proprietary information; the Corporation's failure to identify and promptly address cybersecurity risks; the impact of failures of the Corporation's third-party vendors to perform in accordance with contractual arrangements; the effects of concerns about other financial institutions on the Corporation; potential losses in connection with repurchase and indemnification payments related to sold loans; the effects of climate change on the Corporation's business and results of operations; the effects of increases in non-performing assets; the determination of the allowance for credit losses; the effects of the extensive level of regulation and supervision to which the Corporation and Fulton Bank are subject; changes in law, regulation and government policy; the continuing impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; potential negative consequences resulting from regulatory violations, investigations and examinations; the effects of adverse outcomes in litigation and governmental or administrative proceedings; the effects of changes in U.S. federal, state or local tax laws; the effects of the significant amounts of time and expense associated with regulatory compliance and risk management; the Corporation's ability to realize anticipated reductions in non-interest expense and increases in revenue from strategic initiatives implemented from time to time; risks related to the acquisition of Blue Foundry Bancorp; completed and potential future acquisitions may affect costs and the Corporation may not be able to successfully integrate the acquired business or realize the anticipated benefits from such acquisitions; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, military conflicts, wars and other international hostilities; public health crises and pandemics; the Corporation's ability to achieve its growth plans; the Corporation's ability to attract and retain talented personnel; the effects of competition from financial service companies and other companies offering bank services; the Corporation's ability to keep pace with technological changes; the Corporation's reliance on its subsidiaries for substantially all of its revenues; and the effects of negative publicity on the Corporation's reputation. For additional information about factors that could cause actual results to differ materially from those described in forward-looking statements, refer to the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov). **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 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **Ending Balances** Investment securities(1) $ 5,122,759 $ 4,861,967 $ 4,833,744 $ 5,045,270 $ 5,093,027 Net loans 25,934,293 24,266,345 24,144,884 24,041,489 24,012,539 Total assets 34,556,720 32,237,438 32,118,400 31,995,086 32,040,448 Deposits 28,250,342 26,768,335 26,589,407 26,332,490 26,138,067 Shareholders' equity 3,815,813 3,505,283 3,490,447 3,413,598 3,329,246 **Average Balances** Investment securities(1) 4,983,015 4,785,276 4,921,669 5,025,072 5,084,371 Net loans 25,883,823 24,225,655 24,053,089 24,020,322 23,899,743 Total assets 34,193,608 31,999,228 32,013,163 31,924,038 31,901,574 Deposits 28,014,666 26,451,094 26,537,659 26,298,680 26,125,602 Shareholders' equity 3,788,421 3,543,911 3,464,539 3,361,368 3,304,015 **Income Statement** Net interest income 284,252 262,023 266,042 264,198 254,921 Provision for credit losses 4,897 14,442 2,948 10,245 8,607 Non-interest income 79,306 69,841 69,980 70,407 69,148 Non-interest expense 230,954 200,294 212,986 196,574 192,811 Income before taxes 127,707 117,128 120,088 127,786 122,651 Net income available to common shareholders 99,852 92,199 96,408 97,892 96,636 **Per Share** Net income available to common shareholders (basic) $0.52 $0.51 $0.53 $0.54 $0.53 Net income available to common shareholders (diluted) $0.52 $0.51 $0.53 $0.53 $0.53 Operating net income available to common shareholders(2) $0.60 $0.55 $0.55 $0.55 $0.55 Cash dividends $0.19 $0.19 $0.19 $0.18 $0.18 Common shareholders' equity $18.92 $18.52 $18.33 $17.81 $17.20 Common shareholders' equity (tangible)(2) $15.61 $15.12 $14.92 $14.39 $13.78 Weighted average shares (basic) 191,386 179,720 180,405 181,658 182,261 Weighted average shares (diluted) 192,997 181,655 182,197 183,349 183,813 (1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities. (2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release. **Three months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **Asset Quality** Net charge-offs to average loans (annualized) 0.34 % 0.25 % 0.24 % 0.18 % 0.20 % Non-performing loans to total net loans 0.70 % 0.72 % 0.76 % 0.83 % 0.89 % Non-performing assets to total assets 0.54 % 0.55 % 0.58 % 0.63 % 0.67 % ACL - loans(1) to total loans 1.48 % 1.51 % 1.51 % 1.57 % 1.57 % ACL - loans(1) to non-performing loans 211 % 209 % 198 % 189 % 177 % **Profitability** Return on average assets 1.20 % 1.20 % 1.23 % 1.25 % 1.25 % Operating return on average assets(2) 1.39 % 1.30 % 1.27 % 1.29 % 1.30 % Return on average common shareholders' equity 11.14 % 11.16 % 11.69 % 12.26 % 12.46 % Operating return on average common shareholders' equity (tangible)(2) 15.71 % 14.76 % 14.86 % 15.79 % 16.26 % Net interest margin 3.60 % 3.58 % 3.59 % 3.57 % 3.47 % Efficiency ratio(2) 57.3 % 56.7 % 60.0 % 56.5 % 57.1 % Non-interest expense to total average assets 2.71 % 2.54 % 2.64 % 2.44 % 2.42 % Operating non-interest expense to total average assets(2) 2.47 % 2.42 % 2.53 % 2.38 % 2.36 % **Capital Ratios**(3) Tangible common equity ratio ("TCE")(2) 8.8 % 8.6 % 8.5 % 8.3 % 8.0 % Tier 1 leverage ratio 9.9 % 9.9 % 9.7 % 9.6 % 9.4 % Common equity Tier 1 capital ratio 12.1 % 11.9 % 11.8 % 11.6 % 11.3 % Tier 1 risk-based capital ratio 12.8 % 12.7 % 12.6 % 12.4 % 12.1 % Total risk-based capital ratio 15.9 % 15.2 % 15.2 % 15.0 % 14.7 % (1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet ("OBS") credit exposures. (2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release. (3) Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual. **FULTON FINANCIAL CORPORATION** **CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)** **(dollars in thousands)** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **ASSETS** Cash and due from banks $ 325,259 $ 311,796 $ 271,463 $ 307,267 $ 362,280 Other interest-earning assets 1,076,395 871,066 911,155 643,111 583,899 Loans held for sale 33,902 11,887 16,316 19,875 23,281 Investment securities 5,122,759 4,861,967 4,833,744 5,045,270 5,093,027 Net loans 25,934,293 24,266,345 24,144,884 24,041,489 24,012,539 Less: ACL - loans(1) (382,580) (367,489) (364,462) (376,258) (377,337) Loans, net 25,551,713 23,898,856 23,780,422 23,665,231 23,635,202 Net premises and equipment 186,184 168,941 175,240 178,644 184,290 Accrued interest receivable 121,220 112,083 113,698 114,003 117,130 Goodwill and intangible assets 633,485 607,647 612,996 618,361 623,729 Other assets 1,505,803 1,393,195 1,403,366 1,403,324 1,417,610 **Total Assets** $ 34,556,720 $ 32,237,438 $ 32,118,400 $ 31,995,086 $ 32,040,448 **LIABILITIES AND SHAREHOLDERS' EQUITY** Deposits $ 28,250,342 $ 26,768,335 $ 26,589,407 $ 26,332,490 $ 26,138,067 Borrowings 1,713,976 1,252,579 1,297,375 1,471,961 1,773,900 Other liabilities 776,589 711,241 741,171 777,037 799,235 **Total Liabilities** 30,740,907 28,732,155 28,627,953 28,581,488 28,711,202 Shareholders' equity 3,815,813 3,505,283 3,490,447 3,413,598 3,329,246 **Total Liabilities and Shareholders' Equity** $ 34,556,720 $ 32,237,438 $ 32,118,400 $ 31,995,086 $ 32,040,448 **LOANS, DEPOSITS AND BORROWINGS DETAIL:** **Loans, by type:** Real estate - commercial mortgage $ 10,914,813 $ 9,985,368 $ 9,820,944 $ 9,734,156 $ 9,678,038 Commercial and industrial 4,559,732 4,494,031 4,539,060 4,437,905 4,541,765 Real estate - residential mortgage 7,250,949 6,735,338 6,669,993 6,617,017 6,511,687 Real estate - home equity 1,336,068 1,253,192 1,242,831 1,214,399 1,193,410 Real estate - construction 946,654 876,498 970,298 1,134,748 1,155,099 Consumer 570,093 565,041 564,349 566,291 583,949 Leases and other loans(2) 355,984 356,877 337,409 336,973 348,591 **Total Net Loans** $ 25,934,293 $ 24,266,345 $ 24,144,884 $ 24,041,489 $ 24,012,539 **Deposits, by type:** Noninterest-bearing demand $ 5,245,586 $ 5,334,920 $ 5,256,096 $ 5,136,210 $ 5,337,771 Interest-bearing demand 8,146,057 7,823,683 7,970,188 8,035,393 7,593,083 Savings 9,277,215 8,875,256 8,512,829 8,417,678 8,271,925 _Total demand and savings_ 22,668,858 22,033,859 21,739,113 21,589,281 21,202,779 Brokered 975,204 715,850 855,042 709,667 817,398 Time 4,606,280 4,018,626 3,995,252 4,033,542 4,117,890 **Total Deposits** $ 28,250,342 $ 26,768,335 $ 26,589,407 $ 26,332,490 $ 26,138,067 **Borrowings, by type:** Federal Home Loan Bank advances $ 552,500 $ 200,000 $ 250,000 $ 450,000 $ 800,000 Senior debt and subordinated debt 469,668 367,720 367,637 367,557 367,476 Other borrowings 691,808 684,859 679,738 654,404 606,424 **Total Borrowings** $ 1,713,976 $ 1,252,579 $ 1,297,375 $ 1,471,961 $ 1,773,900 (1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures. (2) Includes equipment lease financing, overdraft and net origination fees and costs. **FULTON FINANCIAL CORPORATION** **CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)** **(dollars in thousands, except per share and share data)** **Three months ended** **Six months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **2026** **2025** Net Interest Income: Interest income $ 428,154 $ 390,056 $ 403,416 $ 411,006 $ 402,761 $ 818,210 $ 802,452 Interest expense 143,902 128,033 137,374 146,808 147,840 271,935 296,345 **Net Interest Income** 284,252 262,023 266,042 264,198 254,921 546,275 506,107 Provision for credit losses 4,897 14,442 2,948 10,245 8,607 19,339 22,505 **Net Interest Income after Provision** 279,355 247,581 263,094 253,953 246,314 526,936 483,602 Non-Interest Income: Wealth management 23,139 24,496 23,879 22,639 22,281 47,635 44,066 Commercial banking: Merchant and card 7,496 6,343 6,847 7,327 7,376 13,839 13,967 Cash management 8,817 8,363 8,374 8,335 8,376 17,180 16,175 Capital markets 3,530 3,614 3,730 2,908 2,945 7,144 5,356 Other commercial banking 4,979 4,486 5,162 4,595 4,734 9,465 9,262 _Total commercial banking_ 24,822 22,806 24,113 23,165 23,431 47,628 44,760 Consumer banking: Card 8,596 7,887 8,366 8,246 7,958 16,483 15,502 Overdraft 3,858 3,798 4,109 4,153 3,817 7,656 7,112 Other consumer banking 2,891 2,491 2,967 2,775 2,753 5,382 4,982 _Total consumer banking_ 15,345 14,176 15,442 15,174 14,528 29,521 27,596 Mortgage banking 4,938 3,955 3,636 3,711 3,991 8,893 7,130 Other 11,062 4,408 2,910 5,718 4,917 15,470 12,830 **Non-interest income before investment securities** **(losses) gains** 79,306 69,841 69,980 70,407 69,148 149,147 136,382 Investment securities (losses) gains, net — — — — — — (2) **Total Non-Interest Income** 79,306 69,841 69,980 70,407 69,148 149,147 136,380 Non-Interest Expense: Salaries and employee benefits 120,184 109,917 121,632 111,265 107,123 230,101 210,649 Data processing and software 20,419 18,662 19,695 18,535 18,262 39,081 36,861 Net occupancy 17,841 18,229 17,554 15,954 16,410 36,070 34,617 Other outside services 14,999 12,750 13,105 12,951 12,009 27,749 23,846 Intangible amortization 5,910 5,349 5,365 5,368 5,460 11,260 11,729 FDIC insurance 4,430 4,249 4,540 5,089 4,951 8,679 10,549 Equipment 4,086 3,924 4,001 3,926 4,100 8,010 8,249 Marketing 2,818 2,331 1,694 2,470 2,604 5,149 5,124 Professional fees 2,342 2,239 2,088 2,320 2,163 4,581 1,085 Acquisition-related expenses 13,839 2,644 802 — — 16,483 380 Other 24,086 20,000 22,510 18,696 19,729 44,085 39,181 **Total Non-Interest Expense** 230,954 200,294 212,986 196,574 192,811 431,248 382,270 **Income Before Income Taxes** 127,707 117,128 120,088 127,786 122,651 244,835 237,712 Income tax expense 25,293 22,367 21,118 27,332 23,453 47,660 45,527 **Net Income** 102,414 94,761 98,970 100,454 99,198 197,175 192,185 Preferred stock dividends (2,562) (2,562) (2,562) (2,562) (2,562) (5,124) (5,124) **Net Income Available to Common** **Shareholders** $ 99,852 $ 92,199 $ 96,408 $ 97,892 $ 96,636 $ 192,051 $ 187,061 **Three months ended** **Six months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **2026** **2025** **PER SHARE:** Net income available to common shareholders: Net income available to common shareholders (basic) $0.52 $0.51 $0.53 $0.54 $0.53 $1.03 $1.03 Net income available to common shareholders (diluted) $0.52 $0.51 $0.53 $0.53 $0.53 $1.02 $1.02 Cash dividends $0.19 $0.19 $0.19 $0.18 $0.18 $0.38 $0.36 Weighted average shares (basic) 191,386 179,720 180,405 181,658 182,261 185,585 182,220 Weighted average shares (diluted) 192,997 181,655 182,197 183,349 183,813 187,377 183,999 **FULTON FINANCIAL CORPORATION** **CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)** **(dollars in thousands)** **Three months ended** **June 30, 2026** **March 31, 2026** **June 30, 2025** **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) $ 25,883,823 $ 374,426 5.80 % $ 24,225,655 $ 341,843 5.70 % $ 23,899,742 $ 349,490 5.86 % Investment securities(3) 5,233,693 47,661 3.64 % 5,001,079 44,771 3.58 % 5,390,953 49,463 3.67 % Other interest-earning assets 997,586 10,377 4.17 % 773,171 7,745 4.05 % 682,075 8,197 4.82 % **Total Interest-Earning Assets** 32,115,102 432,464 5.40 % 29,999,905 394,359 5.31 % 29,972,770 407,150 5.44 % Noninterest-earning assets: Cash and due from banks 310,904 300,074 277,880 Premises and equipment 189,791 173,203 186,989 Other assets 1,978,494 1,896,687 1,848,891 Less: ACL - loans(4) (400,683) (370,641) (384,956) **Total Assets** $ 34,193,608 $ 31,999,228 $ 31,901,574 **LIABILITIES AND SHAREHOLDERS' EQUITY** Interest-bearing liabilities: Demand deposits $ 8,279,932 $ 32,443 1.57 % $ 7,774,121 $ 29,036 1.51 % $ 7,800,881 $ 34,745 1.79 % Savings deposits 9,128,400 47,299 2.08 % 8,684,478 44,663 2.09 % 8,219,637 47,462 2.32 % Brokered deposits 887,546 8,589 3.88 % 856,823 8,210 3.89 % 688,957 7,495 4.36 % Time deposits 4,540,334 38,406 3.39 % 4,015,644 33,896 3.42 % 4,112,130 39,492 3.85 % **Total Interest-Bearing Deposits** 22,836,212 126,737 2.23 % 21,331,066 115,805 2.20 % 20,821,605 129,194 2.49 % Borrowings and other interest-bearing liabilities 1,744,871 17,165 3.95 % 1,359,113 12,228 3.65 % 1,756,246 18,646 4.26 % **Total Interest-Bearing Liabilities** 24,581,083 143,902 2.35 % 22,690,179 128,033 2.29 % 22,577,851 147,840 2.62 % Noninterest-bearing liabilities: Demand deposits 5,178,454 5,120,028 5,303,997 Other liabilities 645,650 645,110 715,711 **Total Liabilities** 30,405,187 28,455,317 28,597,559 Total Deposits 28,014,666 1.81 % 26,451,094 1.78 % 26,125,602 1.98 % **Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)** 29,759,537 1.94 % 27,810,207 1.87 % 27,881,848 2.13 % Shareholders' equity 3,788,421 3,543,911 3,304,015 **Total Liabilities and Shareholders' Equity** $ 34,193,608 $ 31,999,228 $ 31,901,574 Net interest income/net interest margin (fully taxable equivalent) 288,562 3.60 % 266,326 3.58 % 259,310 3.47 % Tax equivalent adjustment (4,310) (4,303) (4,389) **Net Interest Income** $ 284,252 $ 262,023 $ 254,921 (1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances. (2) Average balances include non-performing loans. (3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets. (4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities. **FULTON FINANCIAL CORPORATION** **AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)** **(dollars in thousands)** **Three months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** Loans, by type: Real estate - commercial mortgage $ 10,887,986 $ 9,930,713 $ 9,785,717 $ 9,721,395 $ 9,652,320 Commercial and industrial 4,602,800 4,522,694 4,473,522 4,494,662 4,530,085 Real estate - residential mortgage 7,189,941 6,696,646 6,646,318 6,560,413 6,448,443 Real estate - home equity 1,298,632 1,235,977 1,223,293 1,191,465 1,179,109 Real estate - construction 962,625 926,026 1,014,343 1,125,130 1,172,138 Consumer 592,106 576,852 577,136 590,658 599,505 Leases and other loans(1) 349,733 336,747 332,760 336,599 318,142 **Total Net Loans** $ 25,883,823 $ 24,225,655 $ 24,053,089 $ 24,020,322 $ 23,899,742 Deposits, by type: Noninterest-bearing demand $ 5,178,454 $ 5,120,028 $ 5,243,390 $ 5,239,393 $ 5,303,997 Interest-bearing demand 8,279,932 7,774,121 7,984,980 7,876,227 7,800,881 Savings 9,128,400 8,684,478 8,519,075 8,391,379 8,219,637 _Total demand and savings_ 22,586,786 21,578,627 21,747,445 21,506,999 21,324,515 Brokered 887,546 856,823 803,755 694,486 688,957 Time 4,540,334 4,015,644 3,986,459 4,097,195 4,112,130 **Total Deposits** $ 28,014,666 $ 26,451,094 $ 26,537,659 $ 26,298,680 $ 26,125,602 Borrowings, by type: Federal funds purchased $ — $ — $ 54 $ — $ 1,099 Federal Home Loan Bank advances 475,983 221,039 237,880 484,022 712,198 Senior debt and subordinated debt 509,493 367,679 367,598 367,517 367,438 Other borrowings and other interest-bearing liabilities 759,395 770,395 740,305 713,456 675,511 **Total Borrowings** $ 1,744,871 $ 1,359,113 $ 1,345,837 $ 1,564,995 $ 1,756,246 (1) Includes equipment lease financing, overdraft and net origination fees and costs. **FULTON FINANCIAL CORPORATION** **CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)** **(dollars in thousands)** **Six months ended June 30,** **2026** **2025** **Average** **Yield/** **Average** **Yield/** **Balance** **Interest****(1)** **Rate** **Balance** **Interest****(1)** **Rate** **ASSETS** Interest-earning assets: Net loans(2) $ 25,059,319 $ 716,268 5.75 % $ 23,953,003 $ 697,115 5.86 % Investment securities(3) 5,118,030 92,432 3.61 % 5,295,507 96,706 3.65 % Other interest-earning assets 885,999 18,122 4.12 % 737,302 17,361 4.74 % **Total Interest-Earning Assets** 31,063,348 826,822 5.35 % 29,985,812 811,182 5.44 % Noninterest-Earning assets: Cash and due from banks 305,519 289,822 Premises and equipment 181,545 189,108 Other assets 1,937,815 1,856,900 Less: ACL - loans(4) (385,745) (385,241) **Total Assets** $ 33,102,482 $ 31,936,401 **LIABILITIES AND SHAREHOLDERS' EQUITY** Interest-Bearing liabilities: Demand deposits $ 8,028,425 $ 61,480 1.54 % $ 7,777,364 $ 68,934 1.79 % Savings deposits 8,907,666 91,961 2.08 % 8,134,377 92,563 2.29 % Brokered deposits 872,269 16,798 3.88 % 796,243 17,533 4.44 % Time deposits 4,279,437 72,304 3.41 % 4,081,913 81,055 4.00 % **Total Interest-Bearing Deposits** 22,087,797 242,543 2.21 % 20,789,897 260,085 2.52 % Borrowings and other interest-bearing liabilities 1,553,057 29,392 3.82 % 1,755,577 36,260 4.17 % **Total Interest-Bearing Liabilities** 23,640,854 271,935 2.32 % 22,545,474 296,345 2.65 % Noninterest-Bearing liabilities: Demand deposits 5,149,402 5,357,731 Other liabilities 645,385 753,988 **Total Liabilities** 29,435,641 28,657,193 Total Deposits 27,237,199 1.80 % 26,147,628 2.01 % **Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)** 28,790,256 1.90 % 27,903,205 2.14 % Shareholders' equity 3,666,841 3,279,208 **Total Liabilities and Shareholders' Equity** $ 33,102,482 $ 31,936,401 Net interest income/net interest margin (fully taxable equivalent) 554,887 3.59 % 514,837 3.45 % Tax equivalent adjustment (8,612) (8,730) **Net Interest Income** $ 546,275 $ 506,107 (1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances. (2) Average balances include non-performing loans. (3) Average balances include amortized historical cost for AFS; the related unrealized holding gains (losses) are included in other assets. (4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities. **FULTON FINANCIAL CORPORATION** **AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)** **(dollars in thousands)** **Six months ended June 30,** **2026** **2025** Loans, by type: Real estate - commercial mortgage $ 10,403,830 $ 9,653,793 Commercial and industrial 4,571,311 4,569,027 Real estate - residential mortgage 6,944,657 6,408,432 Real estate - home equity 1,267,478 1,169,961 Real estate - construction 944,248 1,233,770 Consumer 584,521 607,578 Leases and other loans(1) 343,274 310,442 **Total Net Loans** $ 25,059,319 $ 23,953,003 Deposits, by type: Noninterest-bearing demand $ 5,149,402 $ 5,357,731 Interest-bearing demand 8,028,425 7,777,364 Savings 8,907,666 8,134,377 _Total demand and savings_ 22,085,493 21,269,472 Brokered 872,269 796,243 Time 4,279,437 4,081,913 **Total Deposits** $ 27,237,199 $ 26,147,628 Borrowings, by type: Federal funds purchased $ — $ 552 Federal Home Loan Bank advances 349,215 710,790 Senior debt and subordinated debt 438,978 367,398 Other borrowings and other interest-bearing liabilities 764,865 676,837 **Total Borrowings** $ 1,553,058 $ 1,755,577 (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** **Six months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **Jun 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **2026** **2025** **Allowance for credit losses related to net loans:** **Balance at beginning of period** $ 367,489 $ 364,462 $ 376,258 $ 377,337 $ 379,677 $ 364,462 $ 379,156 Initial allowance for credit losses on purchased loans 30,993 3,351 — — — 34,344 — Loans charged off: Real estate - commercial mortgage (10,789) (4,102) (14,104) (3,906) (6,402) (14,891) (18,508) Commercial and industrial (12,015) (10,545) (5,295) (5,847) (5,780) (22,560) (9,645) Real estate - residential mortgage (121) (391) (58) (394) (258) (512) (601) Consumer and home equity (2,119) (2,164) (2,212) (2,527) (1,885) (4,284) (4,078) Real estate - construction — — — (5,286) (100) — (100) Leases and other loans(1) (966) (1,116) (1,140) (1,479) (1,491) (2,081) (3,018) **_Total loans charged off_** **(26,010)** **(18,318)** **(22,809)** **(19,439)** **(15,916)** **(44,328)** **(35,950)** Recoveries of loans previously charged off: Real estate - commercial mortgage 1,629 701 633 4,307 133 2,330 507 Commercial and industrial 1,280 740 6,592 3,205 2,628 2,020 8,580 Real estate - residential mortgage 197 72 230 33 203 268 377 Consumer and home equity 484 584 861 726 899 1,068 1,559 Real estate - construction — 884 — 47 99 884 181 Leases and other loans(1) 404 429 146 192 240 834 441 **Total recoveries of loans previously charged off** **3,994** **3,410** **8,462** **8,510** **4,202** **7,404** **11,645** **Net loans charged off** **(22,016)** **(14,908)** **(14,347)** **(10,929)** **(11,714)** **(36,924)** **(24,305)** Provision for credit losses(2) 6,308 14,584 2,551 9,850 9,374 20,892 22,486 Other (194) — — — — (194) — **Balance at end of period** **$ 382,580** **$ 367,489** **$ 364,462** **$ 376,258** **$ 377,337** **$ 382,580** **$ 377,337** **Net charge-offs to average loans**(3) 0.34 % 0.25 % 0.24 % 0.18 % 0.20 % 0.30 % 0.20 % **Provision for credit losses related to OBS Credit Exposures** Provision for credit losses(2) **$ (1,411)** **$ (142)** **$ 397** **$ 395** **$ (767)** **$ (1,553)** **$ 19** **NON-PERFORMING ASSETS:** Non-accrual loans $ 146,457 $ 142,035 $ 153,872 $ 150,137 $ 182,942 Loans 90 days past due and accruing 34,815 33,816 29,924 48,597 29,949 _Total non-performing loans_ 181,272 175,851 183,796 198,734 212,891 Other real estate owned 5,791 1,648 1,365 2,305 2,706 **Total non-performing assets** **$ 187,063** **$ 177,499** **$ 185,161** **$ 201,039** **$ 215,597** **NON-PERFORMING LOANS, BY TYPE:** Commercial and industrial $ 39,466 $ 47,759 $ 47,756 $ 48,817 $ 45,565 Real estate - commercial mortgage 66,445 64,890 74,981 87,789 90,852 Real estate - residential mortgage 56,821 47,826 45,569 44,689 37,703 Consumer and home equity 12,387 12,339 11,875 12,658 11,109 Real estate - construction 6,135 3,000 2,267 3,461 25,602 Leases and other loans(2) 18 37 1,348 1,320 2,060 **Total non-performing loans** **$ 181,272** **$ 175,851** **$ 183,796** **$ 198,734** **$ 212,891** (1) Includes equipment lease financing, overdrafts and net origination fees and costs. (2) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income. (3) Quarterly results are annualized. **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 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **Operating net income available to common shareholders** Net income available to common shareholders $ 99,852 $ 92,199 $ 96,408 $ 97,892 $ 96,636 Less: Other (1) — — (4,989) (738) (9) Plus: Core deposit intangible amortization 5,816 5,255 5,255 5,255 5,346 Plus: Acquisition-related expense 13,839 2,644 802 — — Plus: FDIC special assessment — — (95) — — Plus: FultonFirst implementation and asset disposals (189) 1,556 2,795 (207) (270) Plus: Debt extinguishment costs 787 — — — — Less: Tax impact of adjustments (4,253) (1,985) (791) (905) (1,064) Operating net income available to common shareholders (numerator) $ 115,852 $ 99,669 $ 99,385 $ 101,297 $ 100,639 Weighted average shares (diluted) (denominator) 192,997 181,655 182,197 183,349 183,813 Operating net income available to common shareholders, per share (diluted) $ 0.60 $ 0.55 $ 0.55 $ 0.55 $ 0.55 **Common shareholders' equity (tangible), per share** Shareholders' equity $ 3,815,813 $ 3,505,283 $ 3,490,447 $ 3,413,598 $ 3,329,246 Less: Preferred stock (192,878) (192,878) (192,878) (192,878) (192,878) Less: Goodwill and intangible assets (633,485) (607,647) (612,996) (618,361) (623,729) Tangible common shareholders' equity (numerator) $ 2,989,450 $ 2,704,758 $ 2,684,573 $ 2,602,359 $ 2,512,639 Shares outstanding, end of period (denominator) 191,461 178,843 179,895 180,865 182,379 Common shareholders' equity (tangible), per share $ 15.61 $ 15.12 $ 14.92 $ 14.39 $ 13.78 (1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction. **Three months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **Operating return on average assets** Net income $ 102,414 $ 94,761 $ 98,970 $ 100,454 $ 99,198 Less: Other (1) — — (4,989) (738) (9) Plus: Core deposit intangible amortization 5,816 5,255 5,255 5,255 5,346 Plus: Acquisition-related expense 13,839 2,644 802 — — Plus: FDIC special assessment — — (95) — — Plus: FultonFirst implementation and asset disposals (189) 1,556 2,795 (207) (270) Plus: Debt extinguishment costs 787 — — — — Less: Tax impact of adjustments (4,253) (1,985) (791) (905) (1,064) Operating net income (numerator) $ 118,414 $ 102,231 $ 101,947 $ 103,859 $ 103,201 Total average assets $ 34,193,608 $ 31,999,228 $ 32,013,163 $ 31,924,038 $ 31,901,574 Less: Average net core deposit intangible (66,665) (54,629) (60,726) (65,999) (71,282) Total operating average assets (denominator) $ 34,126,943 $ 31,944,599 $ 31,952,437 $ 31,858,039 $ 31,830,292 Operating return on average assets(2) 1.39 % 1.30 % 1.27 % 1.29 % 1.30 % **Operating return on average common shareholders' equity (tangible)** Net income available to common shareholders $ 99,852 $ 92,199 $ 96,408 $ 97,892 $ 96,636 Less: Other (1) — — (4,989) (738) (9) Plus: Intangible amortization 5,910 5,349 5,365 5,368 5,460 Plus: Acquisition-related expense 13,839 2,644 802 — — Plus: FDIC special assessment — — (95) — — Plus: FultonFirst implementation and asset disposals (189) 1,556 2,795 (207) (270) Plus: Debt extinguishment costs 787 — — — — Less: Tax impact of adjustments (4,273) (2,005) (814) (929) (1,088) Adjusted net income available to common shareholders (numerator) $ 115,926 $ 99,743 $ 99,472 $ 101,386 $ 100,729 Average shareholders' equity $ 3,788,421 $ 3,543,911 $ 3,464,539 $ 3,361,368 $ 3,304,015 Less: Average preferred stock (192,878) (192,878) (192,878) (192,878) (192,878) Less: Average goodwill and intangible assets (635,278) (610,262) (615,600) (620,986) (626,383) Average tangible common shareholders' equity (denominator) $ 2,960,265 $ 2,740,771 $ 2,656,061 $ 2,547,504 $ 2,484,754 Operating return on average common shareholders' equity (tangible)(2) 15.71 % 14.76 % 14.86 % 15.79 % 16.26 % **Tangible common equity to tangible assets (TCE Ratio)** Shareholders' equity $ 3,815,813 $ 3,505,283 $ 3,490,447 $ 3,413,598 $ 3,329,246 Less: Preferred stock (192,878) (192,878) (192,878) (192,878) (192,878) Less: Goodwill and intangible assets (633,485) (607,647) (612,996) (618,361) (623,729) Tangible common shareholders' equity (numerator) $ 2,989,450 $ 2,704,758 $ 2,684,573 $ 2,602,359 $ 2,512,639 Total assets $ 34,556,720 $ 32,237,438 $ 32,118,400 $ 31,995,086 $ 32,040,448 Less: Goodwill and intangible assets (633,485) (607,647) (612,996) (618,361) (623,729) Total tangible assets (denominator) $ 33,923,235 $ 31,629,791 $ 31,505,404 $ 31,376,725 $ 31,416,719 Tangible common equity to tangible assets 8.81 % 8.55 % 8.52 % 8.29 % 8.00 % (1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction. (2) Results are annualized. **Three months ended** **Jun 30** **Mar 31** **Dec 31** **Sep 30** **Jun 30** **2026** **2026** **2025** **2025** **2025** **Efficiency ratio** Non-interest expense $ 230,954 $ 200,294 $ 212,986 $ 196,574 $ 192,811 Less: Acquisition-related expense (13,839) (2,644) (802) — — Less: FDIC special assessment — — 95 — — Less: FultonFirst implementation and asset disposals 189 (1,556) (2,795) 207 270 Less: Debt extinguishment costs (787) — — — — Less: Intangible amortization (5,910) (5,349) (5,365) (5,368) (5,460) Operating non-interest expense (numerator) $ 210,607 $ 190,745 $ 204,119 $ 191,413 $ 187,621 Net interest income $ 284,252 $ 262,023 $ 266,042 $ 264,198 $ 254,921 Tax equivalent adjustment 4,310 4,303 4,416 4,436 4,389 Plus: Total non-interest income 79,306 69,841 69,980 70,407 69,148 Less: Other revenue — — 11 (138) (9) Plus: Investment securities (gains) losses, net — — — — — Total revenue (denominator) $ 367,868 $ 336,167 $ 340,449 $ 338,903 $ 328,449 Efficiency ratio 57.3 % 56.7 % 60.0 % 56.5 % 57.1 % **Operating non-interest expense to total average assets** Non-interest expense $ 230,954 $ 200,294 $ 212,986 $ 196,574 $ 192,811 Less: Intangible amortization (5,910) (5,349) (5,365) (5,368) (5,460) Less: Acquisition-related expense (13,839) (2,644) (802) — — Less: FDIC special assessment — — 95 — — Less: FultonFirst implementation and asset disposals 189 (1,556) (2,795) 207 270 Less: Debt extinguishment costs (787) — — — — Operating non-interest expense (numerator) $ 210,607 $ 190,745 $ 204,119 $ 191,413 $ 187,621 Total average assets (denominator) $ 34,193,608 $ 31,999,228 $ 32,013,163 $ 31,924,038 $ 31,901,574 Operating non-interest expenses to total average assets(1) 2.47 % 2.42 % 2.53 % 2.38 % 2.36 % (1) Results are annualized. **Six months ended** **Jun 30** **Jun 30** **2026** **2025** **Operating net income available to common shareholders** Net income available to common shareholders $ 192,051 $ 187,061 Less: Other — (131) Plus: Core deposit intangible amortization 11,070 11,501 Plus: Acquisition-related expense 16,483 380 Plus: FultonFirst implementation and asset disposals 1,367 (317) Plus: Debt extinguishment costs 787 — Less: Tax impact of adjustments (6,238) (2,401) Operating net income available to common shareholders (numerator) $ 215,520 $ 196,093 Weighted average shares (diluted) (denominator) 187,377 183,999 Operating net income available to common shareholders, per share (diluted) $ 1.15 $ 1.07 SOURCE Fulton Financial Corporation ### Related Stocks - [BLFY.US](https://longbridge.com/en/quote/BLFY.US.md) - [FULT.US](https://longbridge.com/en/quote/FULT.US.md) - [FULTP.US](https://longbridge.com/en/quote/FULTP.US.md) ## Related News & Research - [Fulton Financial Q2 adjusted EPS rises on Blue Foundry deal](https://longbridge.com/en/news/293519576.md) - [Fulton Financial (FULT) Appoints David S. 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