Investor Presentation (05/12/2025 00: 00
FULT
Published on 05/12/2025 at 16:56
INVESTOR PRESENTATION
Data as of or for the period ended March 31, 2025 unless otherwise noted
$32.1 billion in assets, 200+ financial centers, 200+ commercial sales professionals, ~100 mortgage loan officers, ~3,400 team members operating in a customer-dense Mid-Atlantic market(1)
Solid market share with opportunity to grow(2)
15 counties in which we have a top five deposit market
share; represents 54% of total deposits
40 counties in which we do not have a top five deposit
market share; represents 46% of total deposits
Serving a market in which 11% of the U.S. population
resides
Market Capitalization of ~$3.0 billion(3)
Current valuation(3) of 9.8x last twelve months diluted earnings per share ("EPS") of $1.70, and 1.2x tangible book value(4)
Steady increase in shareholder value with a five-year compound annual growth rate ("CAGR") in tangible book value per share, excluding accumulated other comprehensive income ("AOCI")(4), of 6.9%
Ten-year CAGR in common dividends of 7.2%
4.3% dividend yield(5)
$125 million share repurchase authorization(6)
(1) As of March 31, 2025. (2) Data as of June 30, 2024 per S&P Capital IQ; FDIC Summary of Deposits. (3) Based on shares outstanding of 182 million and closing price of $16.60 as of April 24, 2025. (4) As
of March 31, 2025, tangible book value per share was $13.46. Tangible book value 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. (5) Based on current quarterly common dividend of $0.18 per share and closing stock price of $16.60 per share as of April 24, 2025. (6) Authorization expires December 31, 2025. Up to $25 million of this authorization may be used to repurchase the Corporatio n's preferred stock and/or 3.250% Fixed-to-Floating Rate
Subordinated Notes due 2030.
Fulton Financial Corporation (2024)
Markets by MSA (2024)
Metropolitan Statistical Area (MSA)
Market Rank
Branches #
Total Deposits Total Deposit ($000) Market Share
(%)
Branches Total Deposits # ($000)
Median 5 yr Cumulative Household Projected Household Income ($) Income Growth
5 yr Cumulative Projected Population Growth
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
10
89
8,266,903
1.35
1,403
611,069,124
85,735
8.0%
1.3%
Lancaster, PA
1
20
5,022,542
29.39
151
17,089,823
81,945
10.5%
2.1%
Allentown-Bethlehem-Easton, PA-NJ
4
16
1,951,571
8.82
188
22,118,493
78,832
9.0%
2.2%
New York-Newark-Jersey City, NY-NJ
100
19
1,768,525
0.05
4,318
3,660,415,135
92,406
6.8%
0.4%
York-Hanover, PA
3
10
1,242,768
12.69
100
9,796,109
78,869
9.3%
2.3%
Baltimore-Columbia-Towson, MD
11
15
1,153,414
1.18
538
97,924,399
93,736
7.8%
1.3%
Lebanon, PA
1
6
1,088,621
35.84
32
3,037,352
78,708
12.7%
2.2%
Harrisburg-Carlisle, PA
7
8
818,218
4.24
146
19,304,433
79,115
9.2%
3.4%
Reading, PA
7
7
794,356
3.84
89
20,696,076
73,972
8.6%
1.7%
Hagerstown-Martinsburg, MD-WV
3
6
611,999
10.97
71
5,579,324
72,092
10.4%
4.5%
Top 10 Fulton Financial Corporation MSAs (1)
196
22,718,917
0.51
7,036
4,467,030,268
78,992
7.1%
0.6%
Total Franchise
235
25,761,661
0.51
5,023,593,164
78,708
6.9%
0.7%
Nationwide
73,874
10.1%
2.4%
Note: Data as of June 30, 2024 per S&P Capital IQ; FDIC Summary of Deposits.
(1) Median Household ("HH") Income; 2024 - 2029 Projected Population Change and Projected HH Income Change are weighted by deposits in each MSA.
Significant technology spend over the past five years
New commercial origination system, new mortgage origination system, new mortgage loan servicing system, new
consumer origination system, new customer relationship management system
Focus on digital enablement as a driver of growth, efficiency and service
Disclaimer
Fulton Financial Corporation published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 20:55 UTC.