Investor Presentation (04/22/2026 00: 00

Published: 2026-04-22 17:01:16 ET FULT

Published on 04/22/2026 at 05:01 pm EDT

Data as of or for the period ended March 31, 202c,

unless otherwise noted

GAAP Reported Operating(1)

1Q26

4Q25

Net Income Available to Common Shareholders (dollars in millions)

$G2.2

$96.4

ROAA (annualized)

1.20%

1.23%

ROATCE (annualized; non-GAAP)

Efficiency Ratio (non-GAAP)

Non-Interest Expense / Total Average Assets (annualized)

2.54%

2.64%

Diluted EPS

$0.51

$0.53

Operating PPNR (dollars in millions; non-GAAP)

Operating PPNR / Average Assets (annualized; non-GAAP)

1Q26

4Q25

$GG.7

$99.4

1.30%

1.27%

14.76%

14.86%

56.7%

60.0%

2.42%

2.53%

$0.55

$141.0

$131.8

1.7G%

1.64%

Focus:

Strong Balance Sheet and Liquidity

Benefits Realization from Strategic Initiatives

Ongoing Commitment to Organizational

Efficiency

Productivity:

Disciplined and Profitable Growth

Solid Operating Profitability Metrics

Operating Net Income Available to Common

Shareholders of $GG.7 million or

$0.55 per Diluted Share

(1) Non-GAAP financial measures. Please refer to the calculation and management's reason for using this measure on the slide titled "Non-GAAP Reconciliation" at the end of this presentation.

1Q26

4Q25

Linked-Quarter Change

(dollars in thousands, except per-share data)

Net interest income

$262,023

$266,042

($4,019)

Provision for credit losses

14,442

2,948

11,494

Non-interest income before investment securities gains (losses)

6G,841

69,980

(139)

Investment securities gains (losses)

Non-interest expense

200,2G4

212,986

(12,692)

Income before income taxes

117,128

120,088

(2,960)

Income taxes

22,367

21,118

1,249

Net income

G4,761

98,970

(4,209)

Preferred stock dividends

(2,562)

Net income available to common shareholders

$G2,1GG

$96,408

($4,209)

Net income available to common shareholders, per share (diluted)

$0.51

$0.53

($0.02)

Operating net income available to common shareholders, per share (diluted)(1)

$0.55

ROAA

1.20%

1.23%

(3) bps

Operating ROAA(1)

1.30%

1.27%

3 bps

ROAE

11.16%

11.69%

(53) bps

Operating ROATCE(1)

14.76%

14.86%

(10) bps

Efficiency ratio(1)

56.7%

60.0%

(330) bps

(1) Non-GAAP financial measures. Please refer to the calculation and management's reason for using this measure on the slide titled "Non-GAAP Reconciliation" at the end of this presentation.

Highlights

Average Interest-Earning Assets and Yields

(billions)

NIM was 3.58% in the first quarter of 2026, decreasing one

bps compared to the fourth quarter of 2025.

Loan yield of 5.70% decreased 12 bps during the first quarter of 2026 compared to the fourth quarter of 2025.

Total cost of deposits was 1.78% in the first quarter of 2026, an eight bps decrease compared to the fourth quarter of 2025.

(millions)

NII(1) and NIM

(1) NII on a non-FTE basis using a 21% federal tax rate and statutory interest expense disallowances.

Average Deposits and Borrowings s Other, Cost of Deposits and Cost of Funds

(billions)

Total Revenue Non-Interest Income

Three months ended 3/31/2C Three months ended 3/31/2C

Wealth Management AUM/AUA in excess of $17 billion

Diversified Non-Interest Income in Complementary Businesses

(dollars in thousands)

1Q26

4Q25

3Q25

2Q25

1Q25

Change Since 4Q25

Wealth management

$24,4G6

$23,879

$22,639

$22,281

$21,785

$617

Commercial banking

22,806

24,113

23,165

23,431

21,329

(1,307)

Consumer banking

14,176

15,442

15,174

14,528

13,068

(1,266)

Mortgage banking

3,G55

3,636

3,711

3,991

3,138

31G

Other

4,408

2,910

5,718

4,917

7,914

1,4G8

Non-interest income before investment securities gains (losses)

$6G,841

$69,980

$70,407

$69,148

$67,234

($13G)

Investment securities gains (losses), net

(2)

Total Non-Interest Income

$6G,841

$69,980

$70,407

$69,148

$67,232

($13G)

Robust Commercial Fee Income Businesses

Consistent Consumer Fees

Highlights

Salaries and employee benefits expense decreased primarily due to a decrease in incentive compensation expense in the first quarter of 2026

Efficiency Ratio(1)

(dollars in thousands)

1Q26

4Q25

3Q25

2Q25

1Q25

Change Since

4Q25

Salaries and employee benefits

$10G,G17

$121,632

$111,265

$107,123

$103,526

($11,715)

Data processing and software

18,662

19,695

18,535

18,262

18,599

(1,033)

Net occupancy

18,22G

17,554

15,954

16,410

18,207

675

Other outside services

12,750

13,105

12,951

12,009

11,837

(355)

Intangible amortization

5,34G

5,365

5,368

5,460

6,269

(16)

FDIC insurance

4,24G

4,540

5,089

4,951

5,597

(2G1)

Equipment

3,G24

4,001

3,926

4,100

4,150

(77)

Professional fees

2,23G

2,088

2,320

2,163

(1,078)

151

Acquisition-related expenses

2,644

802

380

1,842

Other

22,331

24,204

21,166

22,333

21,973

(1,873)

Total non-interest expense

$200,2G4

$212,986

$196,574

$192,811

$189,460

($12,6G2)

Non-GAAP adjustments:

Less: Intangible amortization

(5,34G)

(5,365)

(5,368)

(5,460)

(6,269)

Less: Acquisition-related expenses

(2,644)

(802)

(380)

(1,842)

Less: FDIC special assessment

(G5)

Less: FultonFirst implementation and asset disposals

(1,556)

(2,795)

207

270

1,23G

Operating non-interest expense(1)

$1G0,745

$204,119

$191,413

$187,621

$182,858

($13,374)

(1) Non-GAAP financial measure. Please refer to the calculation and management's reason for using this measure on the slide titl ed "Non-GAAPReconciliation" at the end of this presentation.

(millions)

Provision for Credit Losses NPAs and NPAs / Assets

(millions)

NCOs and NCOs / Average Loans ACL(1) / NPLs and ACL / Loans

(1) The ACL relates specifically to "Loans, net of unearned income" and does not include reserves related to off-balance sheet credit exposures.

Highlights

Increasing regulatory capital ratios provide operational and strategic flexibility

Tangible capital(2) increased linked quarter by $20 million

AOCI of ($222) million at March 31, 2026

Current common stock dividend of $0.19

(millions)

$126 million remaining share repurchase authorization in place through January 31, 2027 (3)

(4)

Regulatory capital ratios and excess capital amounts as of March 31, 202c are preliminary estimates.

Non-GAAP financial measure. Please refer to the calculation and management's reason for using this measure on the slide titled "Non-GAAPReconciliation" at the end of this presentation.

Up to :25 million of the :150 million authorization may be used to repurchase the Corporation'spreferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. 10

Excesses shown are to regulatory minimums, including the 250 bps capital conservation buffer, except for Tier 1 Leverage which is the well-capitalized minimum.

2026 Operating Guidance(1)

Income Statement Line Item

Expected Range

Outlook

Non-FTE NII(2)

$1.120 - $1.140 billion

Reflects mid single-digit organic loan growth plus Blue Foundry Bancorp acquisition

[FTE Adjustment for NIM Calculation] [Purchase Accounting Accretion]

[:1c - :18 million]

[:50 - :55 million]

[:4.0 - :4.5 million per quarter]

Provision for Credit Losses

$55 - $75 million

Non-Interest Income

$285 - $300 million

Non-Interest Expense(3)

$800 - $835 million

Assumes Blue Foundry Bancorp operating non-interest expense of approximately $27 million

Non-Operating Assumptions: [202c CDI expense]

[~:22.4 million]

[Non-Operating Expenses]

[~:38.4 million]

Estimated Blue Foundry Bancorp acquisition-related expense and incremental FultonFirst

implementation expense

Effective Tax Rate:

18.5% - 19.5%

Assumes Blue Foundry Bank systems conversion is completed in 3Ǫ2c.

NII is on a non-FTE basis. Incorporates federal funds target rate cut of 25 bps in July 202c.

Excludes non-operating expenses and CDI amortization.

Our Differentiator: Customer Intimacy

Execution of our Strategic Objectives has provided us with long-term growth in customers, exceptional customer experience and enhanced operational metrics, delivering results to our stakeholders

$32 billion in assets, approximately 200 financial centers, 200 commercial sales professionals, 100 mortgage loan officers, and more than 3,300 team members operating in a customer-dense Mid-Atlantic market(1)

Market capitalization of ~$3.9 billion(2)

Current valuation(2) of 10.5x TTM diluted EPS of $2.10 and

1.5x TBV(3)

Steady increase in shareholder value with a five-year CAGR

in TBV per share, excluding AOCI(3), of 7.2%

Ten-year CAGR in common dividends of 7.8%

3.46% dividend yield(4)

$126 million remaining of a $150 million share repurchase authorization(5)

(1) As of March 31, 202c. (2) Based on shares outstanding of 178.8 million and closing price of :21.SS as of April 17, 202c. (3) As of March 31, 202c, TBV per share was :15.12. TBV per share is a non-GAAP financial measure. Please refer to the calculation and management's reasons for using this measure on slides titled "Non-GAAP Reconciliation" at the end of this presentation. (4) Based on current quarterly common dividend of :0.1S per share and closing stock price of :21.SS per share as of April 17, 202c. (5) Authorization expires January 31, 2027. 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.

ROBUST PRODUCTS AND SERVICES

INDUSTRY-LEADING TECHNOLOGY PLATFORMS

NIMBLE COMPETITIVE POSITION

Well positioned to compete in and serve our market

Significant technology spend over the past six years

Focus on digital enablement as a driver of growth, efficiency and service

Our most recent Corporate Social Responsibility Report with key metrics is available at

fultonbank.com/about-fulton-bank.

Integrity is fundamental to governance at Fulton. The Corporation's established Board governance and oversight support management's efforts to build maturity and capability that drives impact.

The Climate Impact Working Group underscores the Corporation's commitment to progressing its

understanding of, and reporting on, climate-related risks and activities.

READ THEREPORT

CORPORATE GOVERNANCE

Governance

Core values and guiding behavior lead the Corporation to demonstrate the highest professional and ethical standards in all business activities.

The Corporation operates under a robust board-and management-level enterprise risk management structure.

Employees

The Corporation is committed to creating a workforce culture that is welcoming, engaging and inclusive.

Customers

Fulton Bank has a proven track record of fair and responsible banking - rated "Outstanding" for Community Reinvestment Act performance.

Community

Employees live and work in the communities we serve and want to see these communities thrive. Through the "Fulton Forward® initiative, the Corporation gives back by paying it forward.

Environment

The Corporation is committed to practicing environmental stewardship in its everyday operations.

Operational measures like waste reduction and smart energy use, as well as financing sustainable projects, are core to these efforts.

Premier Franchise that Provides Expanding

and Innovative

Solutions

A full-service commercial bank with robust treasury services, payment technology solutions, wealth management and full-service mortgage company

Ongoing investment in technology, digitally enabling a growing customer base

Serving a diversified, dense and economically stable market

Room to grow in existing markets and continue to penetrate both organically and inorganically

Robust

Combination of Diversified Business Lines and Fee Income Businesses

Non-interest income as a percentage of revenue of approximately 21%

Wealth management accounts for approximately 1/3 of total non-interest income, delivering a 9% five-year TTM CAGR, AUM/AUA of $17.1 billion and

over 85% in recurring income

Commercial banking businesses representing approximately 1/3 of total non-interest income

Fulton Mortgage Company caters to the new home purchase business with the ability to leverage refinance activity into gain on sale revenue

Dynamic Growth Strategy Blending an Organic Engine with Inorganic Opportunities

Organic growth strategy supplemented by inorganic, in-market opportunities

Low CRE concentration compared to peers(1)

Reduced financial center infrastructure over the last ten years, driving average deposits per financial center over $100 million

Completed $4.8 billion transaction in 2024, $930.6 million acquisition in 2022 and acquired five wealth management firms since 2018

Operate in a target-rich market with over 40 in-market banking institutions that fit our MCA criteria and strategy

Effective April 1, 2026, closed the $2.1 billion Blue Foundry Bancorp acquisition

Attractive Risk-Adjusted Profitability and Returns

1Q26 operating diluted EPS of $0.55(2)

Operating ROAA of 1.30%(2) in 1Q26 compared to 1.27%(2) in 4Q25

1Q26 operating ROATCE of 14.76%(2) compared to 14.86%(2) in 4Q25

Efficiency ratio of 56.7%(2) and 60.0%(2) in 1Q26 and 4Q25, respectively

1Q26 NCOs to average loans (annualized) of 25 bps; ACL to loans of 1.51% in addition to on-balance sheet purchase accounting marks

(1) For a list of peers please see page 37 of the Corporation's proxy statement dated April 1, 202c. (2) Non-GAAP financial measure. Please refer to the calculation and management's reasons for using this measure on slides

titled "Non-GAAP Reconciliation" at the end of this presentation.

Loan Mix By Product(1) Highlights

The loan portfolio has grown $5.4

billion since 2020

A balanced loan mix enhanced by 2022 and 2023 adjustable-rate mortgage growth outpacing other categories

(billions)

Commercial mortgages remain a stable percentage of the mix

Commercial Mortgage Non-Owner Occupied Portfolio

(1) Loan mix by product is based on ending balances for the periods ended December 31, 2020 to March 31, 202c. The C&I catego ry includes Paycheck Protection Program loan growth and forgiveness. The Construction

category includes residential and commercial construction loans. The Commercial Mortgage category includes both owner and non-owner occupied loans. 18

Deposit Mix By Product(1) Highlights(2)

878,495 deposit accounts

$30,919 average account balance

Average account age of ~ten years

24% net estimated uninsured

deposits

281% coverage of net estimated uninsured deposits

(billions)

Deposit Mix By Customer

Deposit mix by product is based on ending balances for the periods ended December 31, 2020 to March 31, 202c. (2) As of M arch 31, 202c. Estimated uninsured deposits net of collateralized municipal deposits

and inter-company deposits. 19

Historical Deposit Costs and Loan and Deposit Betas(1) Highlights

Quarterly s Cycle to Date Yields, Costs s Betas

Quarterly Yields, Costs and Average Effective Federal Funds Rate ("EFFR")

2Q24

3Q24

4Q24

1Q25

2Q25

3Q25

4Q25

1Q26

EFFR (avg)

5.33%

5.26%

4.65%

4.33%

4.29%

3.90%

3.64%

Loan Yield

6.12%

6.20%

5.97%

5.86%

5.93%

5.82%

5.70%

Deposit Cost

2.14%

2.24%

2.14%

2.03%

1.98%

1.96%

1.86%

1.78%

Fulton historical data - S&P Capital IǪ. Ǫuarterly Average EFFR - Federal Reserve Bank of St. Louis.

Managed deposit costs to a 42% beta during the 2007 - 2011 easing cycle in a high-rate environment

Lower deposit beta in 2019 - 2020 attributable to a lower rate environment and inflow of deposits

Cycle to date deposit costs have benefited from time deposit repricing as the Fed has cut rates

Fixed asset repricing and balance sheet mix has benefited loan beta relative to historical cycles

Over $3 billion of receive fixed swaps, floors and collars, helping to neutralize the interest rate risk profile

Fed dot plot implies additional 25 bps of easing through 2026. Strategies in place to manage funding costs

Disclaimer

Fulton Financial Corporation published this content on April 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 21:00 UTC.