Fulton Financial (FULT) 8-K Fulton Financial reports second quarter earnings of $0.21 per share

Exhibit 99.2
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
											% Change from
		June 30			June 30			March 31			June 30		March 31
		2013			2012			2013			2012		2013
ASSETS
	Cash and due from banks	$	219,944		$	242,811		$	174,479		(9.4	)%	26.1	%
	Other interest-earning assets	130,065			118,468			97,202			9.8	%	33.8	%
	Loans held for sale	60,909			71,406			63,045			(14.7	)%	(3.4	)%
	Investment securities	2,915,879			2,870,832			2,812,104			1.6	%	3.7	%
	Loans, net of unearned income	12,645,418			11,985,115			12,377,288			5.5	%	2.2	%
	Allowance for loan losses	(216,431		)	(235,737		)	(220,041		)	(8.2	)%	(1.6	)%
	Net loans	12,428,987			11,749,378			12,157,247			5.8	%	2.2	%
	Premises and equipment	224,418			222,083			226,754			1.1	%	(1.0	)%
	Accrued interest receivable	45,713			48,283			47,485			(5.3	)%	(3.7	)%
	Goodwill and intangible assets	534,452			542,622			534,987			(1.5	)%	(0.1	)%
	Other assets	462,043			476,905			569,434			(3.1	)%	(18.9	)%
	Total Assets	$	17,022,410		$	16,342,788		$	16,682,737		4.2	%	2.0	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	12,257,809		$	12,245,492		$	12,388,460		0.1	%	(1.1	)%
	Short-term borrowings	1,620,318			931,681			1,126,966			73.9	%	43.8	%
	Other liabilities	226,384			215,622			216,337			5.0	%	4.6	%
	FHLB advances and long-term debt	889,167			908,809			889,211			(2.2	)%	—	%
	Total Liabilities	14,993,678			14,301,604			14,620,974			4.8	%	2.5	%
	Shareholders' equity	2,028,732			2,041,184			2,061,763			(0.6	)%	(1.6	)%
	Total Liabilities and Shareholders' Equity	$	17,022,410		$	16,342,788		$	16,682,737		4.2	%	2.0	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	4,856,916		$	4,653,097		$	4,729,930		4.4	%	2.7	%
	Commercial - industrial, financial and agricultural	3,712,974			3,538,188			3,658,483			4.9	%	1.5	%
	Real estate - home equity	1,760,268			1,599,468			1,689,446			10.1	%	4.2	%
	Real estate - residential mortgage	1,313,345			1,184,192			1,303,454			10.9	%	0.8	%
	Real estate - construction	610,280			619,060			597,597			(1.4	)%	2.1	%
	Consumer	300,233			309,097			309,138			(2.9	)%	(2.9	)%
	Leasing and other	91,402			82,013			89,240			11.4	%	2.4	%
	Total Loans, net of unearned income	$	12,645,418		$	11,985,115		$	12,377,288		5.5	%	2.2	%
Deposits, by type:
	Noninterest-bearing demand	$	3,168,781		$	2,749,639		$	3,075,511		15.2	%	3.0	%
	Interest-bearing demand	2,714,545			2,482,271			2,698,811			9.4	%	0.6	%
	Savings deposits	3,272,557			3,278,937			3,345,842			(0.2	)%	(2.2	)%
	Time deposits	3,101,926			3,734,645			3,268,296			(16.9	)%	(5.1	)%
	Total Deposits	$	12,257,809		$	12,245,492		$	12,388,460		0.1	%	(1.1	)%
Short-term borrowings, by type:
	Customer repurchase agreements	$	196,188		$	204,526		$	158,214		(4.1	)%	24.0	%
	Customer short-term promissory notes	93,671			135,988			114,231			(31.1	)%	(18.0	)%
	Federal funds purchased	780,459			566,167			729,521			37.8	%	7.0	%
	Short-term FHLB advances	550,000			25,000			125,000			N/M		340.0	%
	Total Short-term Borrowings	$	1,620,318		$	931,681		$	1,126,966		73.9	%	43.8	%
N/M - Not Meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
in thousands, except per-share data and percentages
		Quarter Ended									% Change from				Six Months ended
		Jun 30			Jun 30			Mar 31			Jun 30		Mar 31		Jun 30
		2013			2012			2013			2012		2013		2013			2012			% Change
Interest Income:
	Interest income	$	153,078		$	163,985		$	151,322		(6.7	)%	1.2	%	$	304,400		$	330,876		(8.0	)%
	Interest expense	21,013			26,455			21,678			(20.6	)%	(3.1	)%	42,691			54,651			(21.9	)%
	Net Interest Income	132,065			137,530			129,644			(4.0	)%	1.9	%	261,709			276,225			(5.3	)%
	Provision for credit losses	13,500			25,500			15,000			(47.1	)%	(10.0	)%	28,500			53,500			(46.7	)%
	Net Interest Income after Provision	118,565			112,030			114,644			5.8	%	3.4	%	233,209			222,725			4.7	%
Non-Interest Income:
	Service charges on deposit accounts	14,651			15,367			14,111			(4.7	)%	3.8	%	28,762			30,209			(4.8	)%
	Mortgage banking income	10,997			11,143			8,173			(1.3	)%	34.6	%	19,170			21,193			(9.5	)%
	Investment management and trust services	10,601			9,822			10,096			7.9	%	5.0	%	20,697			19,199			7.8	%
	Other service charges and fees	9,508			11,507			8,510			(17.4	)%	11.7	%	18,018			22,062			(18.3	)%
	Investment securities gains	2,865			1,538			2,473			86.3	%	15.9	%	5,338			2,789			91.4	%
	Other	3,694			3,931			3,896			(6.0	)%	(5.2	)%	7,590			9,494			(20.1	)%
	Total Non-Interest Income	52,316			53,308			47,259			(1.9	)%	10.7	%	99,575			104,946			(5.1	)%
Non-Interest Expense:
	Salaries and employee benefits	63,490			60,091			61,212			5.7	%	3.7	%	124,702			120,451			3.5	%
	Net occupancy expense	11,447			11,205			11,844			2.2	%	(3.4	)%	23,291			22,140			5.2	%
	Other outside services	5,315			5,101			2,860			4.2	%	85.8	%	8,175			8,014			2.0	%
	Data processing	4,509			3,759			3,903			20.0	%	15.5	%	8,412			7,447			13.0	%
	Equipment expense	3,893			3,185			3,908			22.2	%	(0.4	)%	7,801			6,554			19.0	%
	Professional fees	3,395			2,984			3,047			13.8	%	11.4	%	6,442			5,566			15.7	%
	Software	3,094			2,272			2,748			36.2	%	12.6	%	5,842			4,447			31.4	%
	FDIC insurance expense	3,001			3,002			2,847			—	%	5.4	%	5,848			6,023			(2.9	)%
	OREO and repossession expense	1,941			3,165			2,854			(38.7	)%	(32.0	)%	4,795			6,460			(25.8	)%
	Marketing	1,922			2,583			1,872			(25.6	)%	2.7	%	3,794			5,055			(24.9	)%
	Operating risk loss	1,860			2,055			1,766			(9.5	)%	5.3	%	3,626			5,423			(33.1	)%
	Other	13,263			12,685			12,075			4.6	%	9.8	%	25,338			25,176			0.6	%
	Total Non-Interest Expense	117,130			112,087			110,936			4.5	%	5.6	%	228,066			222,756			2.4	%
	Income Before Income Taxes	53,751			53,251			50,967			0.9	%	5.5	%	104,718			104,915			(0.2	)%
	Income tax expense	13,169			13,360			11,740			(1.4	)%	12.2	%	24,909			26,892			(7.4	)%
	Net Income	$	40,582		$	39,891		$	39,227		1.7	%	3.5	%	$	79,809		$	78,023		2.3	%
PER SHARE:
	Net income:
	Basic	$	0.21		$	0.20		$	0.20		5.0	%	5.0	%	$	0.41		$	0.39		5.1	%
	Diluted	0.21			0.20			0.20			5.0	%	5.0	%	0.41			0.39			5.1	%
	Cash dividends	$	0.08		$	0.07		$	0.08		14.3	%	—	%	$	0.16		$	0.14		14.3	%
	Shareholders' equity	10.48			10.16			10.56			3.1	%	(0.8	)%	10.48			10.16			3.1	%
	Shareholders' equity (tangible)	7.72			7.46			7.82			3.5	%	(1.3	)%	7.72			7.46			3.5	%
	Weighted average shares (basic)	193,273			199,671			196,299			(3.2	)%	(1.5	)%	194,777			199,581			(2.4	)%
	Weighted average shares (diluted)	194,346			200,806			197,217			(3.2	)%	(1.5	)%	195,773			200,575			(2.4	)%
	Shares outstanding, end of period	193,658			200,880			195,276			(3.6	)%	(0.8	)%	193,658			200,880			(3.6	)%
SELECTED FINANCIAL RATIOS:
	Return on average assets	0.97		%	0.98		%	0.96		%					0.97		%	0.96		%
	Return on average common shareholders' equity	7.89		%	7.84		%	7.67		%					7.78		%	7.72		%
	Return on average common shareholders' equity (tangible)	10.75		%	10.80		%	10.43		%					10.59		%	10.68		%
	Net interest margin	3.52		%	3.78		%	3.55		%					3.54		%	3.81		%
	Efficiency ratio	62.73		%	57.54		%	61.78		%					62.27		%	57.19		%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Quarter Ended
		June 30, 2013								June 30, 2012							March 31, 2013
		Average						Yield/		Average						Yield/	Average						Yield/
		Balance			Interest (1)			Rate		Balance			Interest (1)			Rate	Balance			Interest (1)			Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	12,528,562		$	138,002		4.42%		$	11,967,939		$	144,263		4.85%	$	12,257,280		$	136,948		4.53%
	Taxable investment securities	2,410,004			14,516			2.41%		2,533,060			18,624			2.94%	2,421,178			13,397			2.22%
	Tax-exempt investment securities	280,508			3,608			5.15%		283,736			3,992			5.63%	292,118			3,814			5.22%
	Equity securities	123,848			875			2.83%		106,954			707			2.65%	118,367			917			3.12%
	Total Investment Securities	2,814,360			18,999			2.70%		2,923,750			23,323			3.19%	2,831,663			18,128			2.56%
	Loans held for sale	42,158			384			3.64%		55,813			538			3.85%	47,885			495			4.14%
	Other interest-earning assets	144,945			35			0.10%		129,659			45			0.14%	117,850			22			0.07%
	Total Interest-earning Assets	15,530,025			157,420			4.07%		15,077,161			168,169			4.48%	15,254,678			155,593			4.13%
Noninterest-earning assets:
	Cash and due from banks	206,090								233,041							202,507
	Premises and equipment	225,915								216,881							226,466
	Other assets	1,060,095								1,104,615							1,070,170
	Less: allowance for loan losses	(221,541		)						(259,327		)					(227,858		)
	Total Assets	$	16,800,584							$	16,372,371						$	16,525,963
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	2,718,679		$	872		0.13%		$	2,484,730		$	1,025		0.17%	$	2,705,835		$	877		0.13%
	Savings deposits	3,350,856			1,016			0.12%		3,302,418			1,510			0.18%	3,334,305			1,023			0.12%
	Time deposits	3,169,141			7,610			0.96%		3,791,362			12,208			1.30%	3,321,309			8,501			1.04%
	Total Interest-bearing Deposits	9,238,676			9,498			0.41%		9,578,510			14,743			0.62%	9,361,449			10,401			0.45%
	Short-term borrowings	1,313,424			700			0.21%		961,900			411			0.17%	1,032,122			509			0.20%
	FHLB advances and long-term debt	889,186			10,815			4.87%		929,318			11,301			4.88%	891,173			10,768			4.87%
	Total Interest-bearing Liabilities	11,441,286			21,013			0.74%		11,469,728			26,455			0.93%	11,284,744			21,678			0.78%
Noninterest-bearing liabilities:
	Demand deposits	3,116,940								2,670,397							2,968,777
	Other	179,875								185,929							198,944
	Total Liabilities	14,738,101								14,326,054							14,452,465
	Shareholders' equity	2,062,483								2,046,317							2,073,498
	Total Liabilities and Shareholders' Equity	$	16,800,584							$	16,372,371						$	16,525,963
	Net interest income/net interest margin (fully taxable equivalent)				136,407			3.52%					141,714			3.78%				133,915			3.55%
	Tax equivalent adjustment				(4,342		)						(4,184		)					(4,271		)
	Net interest income				$	132,065							$	137,530						$	129,644
	(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Quarter Ended								% Change from
		Jun 30			Jun 30			Mar 31		Jun 30			Mar 31
		2013			2012			2013		2012			2013
Loans, by type:
	Real estate - commercial mortgage	$	4,758,060		$	4,634,436		$	4,666,494	2.7		%	2.0		%
	Commercial - industrial, financial and agricultural	3,714,683			3,529,947			3,662,566		5.2		%	1.4		%
	Real estate - home equity	1,732,704			1,599,702			1,662,173		8.3		%	4.2		%
	Real estate - residential mortgage	1,308,713			1,180,024			1,283,168		10.9		%	2.0		%
	Real estate - construction	617,577			640,282			591,338		(3.5		)%	4.4		%
	Consumer	304,918			307,651			305,480		(0.9		)%	(0.2		)%
	Leasing and other	91,907			75,897			86,061		21.1		%	6.8		%
	Total Loans, net of unearned income	$	12,528,562		$	11,967,939		$	12,257,280	4.7		%	2.2		%
Deposits, by type:
	Noninterest-bearing demand	$	3,116,940		$	2,670,397		$	2,968,777	16.7		%	5.0		%
	Interest-bearing demand	2,718,679			2,484,730			2,705,835		9.4		%	0.5		%
	Savings deposits	3,350,856			3,302,418			3,334,305		1.5		%	0.5		%
	Time deposits	3,169,141			3,791,362			3,321,309		(16.4		)%	(4.6		)%
	Total Deposits	$	12,355,616		$	12,248,907		$	12,330,226	0.9		%	0.2		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	188,339		$	226,216		$	165,109	(16.7		)%	14.1		%
	Customer short-term promissory notes	98,207			146,307			112,041		(32.9		)%	(12.3		)%
	Federal funds purchased	776,603			564,377			709,779		37.6		%	9.4		%
	Short-term FHLB advances	250,275			25,000			45,193		N/M			N/M
	Total Short-term Borrowings	$	1,313,424		$	961,900		$	1,032,122	36.5		%	27.3		%
N/M - Not Meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Six Months ended June 30
		2013								2012
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	12,393,670		$	274,950		4.47	%	$	11,974,519		$	291,309		4.89	%
	Taxable investment securities	2,415,562			27,913			2.31	%	2,467,609			37,285			3.02	%
	Tax-exempt investment securities	286,281			7,422			5.19	%	289,230			8,149			5.63	%
	Equity securities	121,123			1,792			2.97	%	111,274			1,487			2.68	%
	Total Investment Securities	2,822,966			37,127			2.63	%	2,868,113			46,921			3.27	%
	Loans held for sale	45,005			879			3.91	%	48,145			969			4.02	%
	Other interest-earning assets	131,472			57			0.09	%	115,808			98			0.17	%
	Total Interest-earning Assets	15,393,113			313,013			4.10	%	15,006,585			339,297			4.55	%
Noninterest-earning assets:
	Cash and due from banks	204,308								247,891
	Premises and equipment	226,189								214,725
	Other assets	1,065,104								1,108,520
	Less: allowance for loan losses	(224,682		)						(262,709		)
	Total Assets	$	16,664,032							$	16,315,012
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	2,712,292		$	1,749		0.13	%	$	2,474,591		$	2,061		0.17	%
	Savings deposits	3,342,626			2,039			0.12	%	3,325,959			3,320			0.20	%
	Time deposits	3,244,805			16,111			1.00	%	3,871,636			25,612			1.33	%
	Total Interest-bearing Deposits	9,299,723			19,899			0.43	%	9,672,186			30,993			0.64	%
	Short-term borrowings	1,173,550			1,209			0.21	%	845,001			692			0.16	%
	FHLB advances and long-term debt	890,174			21,583			4.87	%	956,310			22,966			4.82	%
	Total Interest-bearing Liabilities	11,363,447			42,691			0.76	%	11,473,497			54,651			0.96	%
Noninterest-bearing liabilities:
	Demand deposits	3,043,268								2,618,355
	Other	189,357								191,696
	Total Liabilities	14,596,072								14,283,548
	Shareholders' equity	2,067,960								2,031,464
	Total Liabilities and Shareholders' Equity	$	16,664,032							$	16,315,012
	Net interest income/net interest margin (fully taxable equivalent)				270,322			3.54	%				284,646			3.81	%
	Tax equivalent adjustment				(8,613		)						(8,421		)
	Net interest income				$	261,709							$	276,225
(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Six months ended
		June 30
		2013			2012			% Change
Loans, by type:
	Real estate - commercial mortgage	$	4,712,530		$	4,625,969		1.9	%
	Commercial - industrial, financial and agricultural	3,688,767			3,557,731			3.7	%
	Real estate - home equity	1,697,634			1,605,633			5.7	%
	Real estate - residential mortgage	1,296,012			1,158,994			11.8	%
	Real estate - construction	604,531			640,928			(5.7	)%
	Consumer	305,199			309,942			(1.5	)%
	Leasing and other	88,997			75,322			18.2	%
	Total Loans, net of unearned income	$	12,393,670		$	11,974,519		3.5	%
Deposits, by type:
	Noninterest-bearing demand	$	3,043,268		$	2,618,355		16.2	%
	Interest-bearing demand	2,712,292			2,474,591			9.6	%
	Savings deposits	3,342,626			3,325,959			0.5	%
	Time deposits	3,244,805			3,871,636			(16.2	)%
	Total Deposits	$	12,342,991		$	12,290,541		0.4	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	176,788		$	213,379		(17.1	)%
	Customer short-term promissory notes	105,086			150,689			(30.3	)%
	Federal funds purchased	743,376			464,175			60.1	%
	Short-term FHLB advances	148,300			16,758			N/M
	Total Short-term Borrowings	$	1,173,550		$	845,001		38.9	%
N/M - Not Meaningful

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Quarter Ended									Six Months Ended
		Jun 30			Jun 30			Mar 31			Jun 30			Jun 30
		2013			2012			2013			2,013			2,012
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	221,527		$	258,137		$	225,439		$	225,439		$	258,177
	Loans charged off:
	Commercial - industrial, financial and agricultural	(5,960		)	(13,017		)	(9,502		)	(15,462		)	(18,686		)
	Real estate - commercial mortgage	(5,193		)	(23,699		)	(4,133		)	(9,326		)	(35,590		)
	Real estate - residential mortgage	(4,465		)	(1,492		)	(3,050		)	(7,515		)	(2,339		)
	Real estate - construction	(2,597		)	(8,442		)	(1,986		)	(4,583		)	(17,013		)
	Real estate - home equity	(1,966		)	(2,789		)	(2,404		)	(4,370		)	(4,995		)
	Leasing and other	(769		)	(630		)	(481		)	(1,250		)	(1,071		)
	Consumer	(433		)	(471		)	(550		)	(983		)	(1,105		)
	Total loans charged off	(21,383		)	(50,540		)	(22,106		)	(43,489		)	(80,799		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	756			717			379			1,135			1,353
	Real estate - commercial mortgage	1,505			1,153			1,064			2,569			1,969
	Real estate - residential mortgage	116			71			81			197			144
	Real estate - construction	744			1,539			671			1,415			1,603
	Real estate - home equity	192			278			331			523			298
	Leasing and other	263			180			162			425			440
	Consumer	406			281			506			912			631
	Recoveries of loans previously charged off	3,982			4,219			3,194			7,176			6,438
Net loans charged off		(17,401		)	(46,321		)	(18,912		)	(36,313		)	(74,361		)
Provision for credit losses		13,500			25,500			15,000			28,500			53,500
Balance at end of period		$	217,626		$	237,316		$	221,527		$	217,626		$	237,316
Net charge-offs to average loans (annualized)		0.56		%	1.55		%	0.62		%	0.59		%	1.24		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	164,039		$	203,539		$	179,334
	Loans 90 days past due and accruing	25,159			30,434			29,325
	Total non-performing loans	189,198			233,973			208,659
	Other real estate owned	20,984			32,338			23,820
	Total non-performing assets	$	210,182		$	266,311		$	232,479
NON-PERFORMING LOANS, BY TYPE:
	Commercial - industrial, financial and agricultural	$	57,219		$	67,969		$	61,113
	Real estate - commercial mortgage	49,429			82,179			58,805
	Real estate - residential mortgage	30,660			25,373			36,361
	Real estate - construction	29,964			43,124			31,919
	Real estate - home equity	19,046			12,260			17,468
	Consumer	2,780			2,672			2,782
	Leasing	100			396			211
	Total non-performing loans	$	189,198		$	233,973		$	208,659
TROUBLED DEBT RESTRUCTURINGS (TDRs), BY TYPE:
	Real-estate - residential mortgage	$	28,948		$	33,516		$	33,095
	Real-estate - commercial mortgage	24,828			32,481			28,421
	Real estate - construction	10,599			10,030			11,125
	Commercial - industrial, financial and agricultural	8,394			4,806			9,031
	Real estate - home equity	1,549			620			1,537
	Consumer	13			—			12
	Total accruing TDRs	$	74,331		$	81,453		$	83,221
	Non-accrual TDRs (1)	30,377			27,576			33,215
	Total TDRs	$	104,708		$	109,029		$	116,436
(1) Included within non-accrual loans above.

DELINQUENCY RATES, BY TYPE:
		June 30, 2013						June 30, 2012						March 31, 2013
		31-89 Days		≥90 Days (1)		Total		31-89 Days		≥90 Days (1)		Total		31-89 Days		≥90 Days (1)		Total
	Real estate - commercial mortgage	0.47	%	1.01	%	1.48	%	0.41	%	1.78	%	2.19	%	0.39	%	1.25	%	1.64	%
	Commercial - industrial, financial and agricultural	0.41	%	1.54	%	1.95	%	0.66	%	1.91	%	2.57	%	0.35	%	1.67	%	2.02	%
	Real estate - construction	0.42	%	4.91	%	5.33	%	0.95	%	6.96	%	7.91	%	0.17	%	5.34	%	5.51	%
	Real estate - residential mortgage	2.12	%	2.33	%	4.45	%	2.94	%	2.15	%	5.09	%	2.07	%	2.79	%	4.86	%
	Real estate - home equity	0.68	%	1.08	%	1.76	%	0.83	%	0.76	%	1.59	%	0.69	%	1.03	%	1.72	%
	Consumer, leasing and other	1.47	%	0.74	%	2.21	%	1.61	%	0.79	%	2.40	%	1.38	%	0.75	%	2.13	%
	Total	0.68	%	1.50	%	2.18	%	0.86	%	1.95	%	2.81	%	0.62	%	1.68	%	2.30	%
(2) Includes non-accrual loans
ASSET QUALITY RATIOS:
		Jun 30		Jun 30		Mar 31
		2013		2012		2013
	Non-accrual loans to total loans	1.30	%	1.70	%	1.45	%
	Non-performing assets to total loans and OREO	1.66	%	2.22	%	1.87	%
	Non-performing assets to total assets	1.23	%	1.63	%	1.39	%
	Allowance for credit losses to loans outstanding	1.72	%	1.98	%	1.79	%
	Allowance for credit losses to non-performing loans	115.03	%	101.43	%	106.17	%
	Non-performing assets to tangible common shareholders' equity and allowance for credit losses	12.28	%	15.34	%	13.30	%

FULTON FINANCIAL CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (UNAUDITED)
in thousands, except per share data and percentages
Explanatory note:	This press release contains certain financial information, as detailed below, which has been derived by methods other than Generally Accepted Accounting Principles ("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 quarterly results of operations. 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:
		Quarter Ended									Six Months Ended
		Jun 30			Jun 30			March 31			Jun 30			Jun 30
		2013			2012			2013			2013			2012
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,028,732		$	2,041,184		$	2,061,763
Less: Goodwill and intangible assets		(534,452		)	(542,622		)	(534,987		)
Tangible shareholders' equity (numerator)		$	1,494,280		$	1,498,562		$	1,526,776
Shares outstanding, end of period (denominator)		193,658			200,880			195,276
Shareholders' equity (tangible), per share		$	7.72		$	7.46		$	7.82
Return on average common shareholders' equity (tangible)
Net income		$	40,582		$	39,891		$	39,227		$	79,809		$	78,023
Plus: Intangible amortization, net of tax		348			495			347			695			1,015
Net income, less intangible amortization, net of tax (numerator)		$	40,930		$	40,386		$	39,574		$	80,504		$	79,038
Average shareholders' equity		$	2,062,483		$	2,046,317		$	2,073,498		$	2,067,960		$	2,031,464
Less: Average goodwill and intangible assets		(534,713		)	(542,998		)	(535,255		)	(534,982		)	(543,388		)
Average tangible shareholders' equity (denominator)		$	1,527,770		$	1,503,319		$	1,538,243		$	1,532,978		$	1,488,076
Return on average common shareholders' equity (tangible), annualized		10.75		%	10.80		%	10.43		%	10.59		%	10.68		%
Efficiency ratio
Non-interest expense		$	117,130		$	112,087		$	110,936		$	228,066		$	222,756
Less: Intangible amortization		(535		)	(761		)	(534		)	(1,069		)	(1,562		)
Numerator		$	116,595		$	111,326		$	110,402		$	226,997		$	221,194
Net interest income (fully taxable equivalent)		$	136,407		$	141,714		$	133,915		$	270,322		$	284,646
Plus: Total Non-interest income		52,316			53,308			47,259			99,575			104,946
Less: Investment securities gains		(2,865		)	(1,538		)	(2,473		)	(5,338		)	(2,789		)
Denominator		$	185,858		$	193,484		$	178,701		$	364,559		$	386,803
Efficiency ratio		62.73		%	57.54		%	61.78		%	62.27		%	57.19		%
Non-performing assets to tangible common shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	210,182		$	266,311		$	232,479
Tangible shareholders' equity		$	1,494,280		$	1,498,562		$	1,526,776
Plus: Allowance for credit losses		217,626			237,316			221,527
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,711,906		$	1,735,878		$	1,748,303
Non-performing assets to tangible common shareholders' equity and allowance for credit losses		12.28		%	15.34		%	13.30		%