Fulton Financial (FULT) 8-K Fulton Financial reports third quarter earnings of $0.20 per share and announces approval for $50 million share repurchase program

Exhibit 99.2
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
											% Change from
		September 30			September 30			June 30			September 30		June 30
		2015			2014			2015			2014		2015
ASSETS
	Cash and due from banks	$	93,803		$	220,946		$	100,455		(57.5	)%	(6.6	)%
	Other interest-earning assets	579,920			377,579			387,324			53.6	%	49.7	%
	Loans held for sale	26,937			25,212			33,980			6.8	%	(20.7	)%
	Investment securities	2,436,337			2,470,609			2,440,492			(1.4	)%	(0.2	)%
	Loans, net of unearned income	13,536,361			13,030,405			13,244,230			3.9	%	2.2	%
	Allowance for loan losses	(167,136		)	(189,477		)	(167,485		)	(11.8	)%	(0.2	)%
	Net loans	13,369,225			12,840,928			13,076,745			4.1	%	2.2	%
	Premises and equipment	225,705			224,441			226,794			0.6	%	(0.5	)%
	Accrued interest receivable	42,846			43,544			41,193			(1.6	)%	4.0	%
	Goodwill and intangible assets	531,562			532,117			531,567			(0.1	)%	—	%
	Other assets	531,724			502,798			526,923			5.8	%	0.9	%
	Total Assets	$	17,838,059		$	17,238,174		$	17,365,473		3.5	%	2.7	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	14,084,394		$	13,333,627		$	13,505,709		5.6	%	4.3	%
	Short-term borrowings	431,631			564,952			409,035			(23.6	)%	5.5	%
	Other liabilities	316,697			243,300			293,271			30.2	%	8.0	%
	FHLB advances and long-term debt	979,433			1,018,289			1,132,641			(3.8	)%	(13.5	)%
	Total Liabilities	15,812,155			15,160,168			15,340,656			4.3	%	3.1	%
	Shareholders' equity	2,025,904			2,078,006			2,024,817			(2.5	)%	0.1	%
	Total Liabilities and Shareholders' Equity	$	17,838,059		$	17,238,174		$	17,365,473		3.5	%	2.7	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	5,339,928		$	5,156,979		$	5,237,800		3.5	%	1.9	%
	Commercial - industrial, financial and agricultural	3,929,908			3,691,262			3,806,699			6.5	%	3.2	%
	Real estate - home equity	1,693,649			1,733,036			1,689,688			(2.3	)%	0.2	%
	Real estate - residential mortgage	1,382,085			1,372,033			1,369,103			0.7	%	0.9	%
	Real estate - construction	769,565			687,728			731,925			11.9	%	5.1	%
	Consumer	271,696			278,219			272,494			(2.3	)%	(0.3	)%
	Leasing and other	149,530			111,148			136,521			34.5	%	9.5	%
	Total Loans, net of unearned income	$	13,536,361		$	13,030,405		$	13,244,230		3.9	%	2.2	%
Deposits, by type:
	Noninterest-bearing demand	$	3,906,228		$	3,556,810		$	3,805,165		9.8	%	2.7	%
	Interest-bearing demand	3,362,336			3,164,514			3,129,903			6.3	%	7.4	%
	Savings deposits	3,880,103			3,620,919			3,566,888			7.2	%	8.8	%
	Time deposits	2,935,727			2,991,384			3,003,753			(1.9	)%	(2.3	)%
	Total Deposits	$	14,084,394		$	13,333,627		$	13,505,709		5.6	%	4.3	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	145,225		$	195,121		$	169,918		(25.6	)%	(14.5	)%
	Customer short-term promissory notes	80,879			78,225			74,059			3.4	%	9.2	%
	Short-term FHLB advances	200,000			285,000			160,000			(29.8	)%	25.0	%
	Federal funds purchased	5,527			6,606			5,058			(16.3	)%	9.3	%
	Total Short-term Borrowings	$	431,631		$	564,952		$	409,035		(23.6	)%	5.5	%

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
in thousands, except per-share data and percentages
		Three Months Ended									% Change from				Nine Months Ended
		Sep 30			Sep 30			Jun 30			Sep 30		Jun 30		Sep 30
		2015			2014			2015			2014		2015		2015			2014			% Change
Interest Income:
	Interest income	$	146,228		$	149,790		$	144,229		(2.4	)%	1.4	%	$	436,229		$	446,484		(2.3	)%
	Interest expense	20,534			20,424			21,309			0.5	%	(3.6	)%	64,034			59,655			7.3	%
	Net Interest Income	125,694			129,366			122,920			(2.8	)%	2.3	%	372,195			386,829			(3.8	)%
	Provision for credit losses	1,000			3,500			2,200			(71.4	)%	(54.5	)%	(500		)	9,500			N/M
	Net Interest Income after Provision	124,694			125,866			120,720			(0.9	)%	3.3	%	372,695			377,329			(1.2	)%
Non-Interest Income:
	Service charges on deposit accounts	12,982			12,801			12,637			1.4	%	2.7	%	37,188			37,064			0.3	%
	Investment management and trust services	11,237			11,120			11,011			1.1	%	2.1	%	33,137			33,417			(0.8	)%
	Other service charges and fees	10,965			9,954			10,988			10.2	%	(0.2	)%	31,316			29,407			6.5	%
	Mortgage banking income	3,864			4,038			5,339			(4.3	)%	(27.6	)%	13,891			13,384			3.8	%
	Investment securities gains	1,730			81			2,415			N/M		(28.4	)%	8,290			1,193			594.9	%
	Other	3,996			3,906			4,099			2.3	%	(2.5	)%	12,178			10,813			12.6	%
	Total Non-Interest Income	44,774			41,900			46,489			6.9	%	(3.7	)%	136,000			125,278			8.6	%
Non-Interest Expense:
	Salaries and employee benefits	65,308			62,434			65,067			4.6	%	0.4	%	195,365			185,623			5.2	%
	Net occupancy expense	10,710			11,582			11,809			(7.5	)%	(9.3	)%	36,211			36,649			(1.2	)%
	Other outside services	7,373			8,632			8,125			(14.6	)%	(9.3	)%	21,248			19,684			7.9	%
	Loss on redemption of trust preferred securities	5,626			—			—			N/M		N/M		5,626			—			N/M
	Data processing	5,105			4,689			4,894			8.9	%	4.3	%	14,767			12,816			15.2	%
	Software	3,984			3,353			3,376			18.8	%	18.0	%	10,678			9,487			12.6	%
	Equipment expense	3,595			3,307			3,335			8.7	%	7.8	%	10,888			10,269			6.0	%
	FDIC insurance expense	2,867			2,882			2,885			(0.5	)%	(0.6	)%	8,574			8,186			4.7	%
	Professional fees	2,828			3,252			2,731			(13.0	)%	3.6	%	8,430			9,715			(13.2	)%
	Marketing	2,102			1,798			2,235			16.9	%	(6.0	)%	5,570			5,719			(2.6	)%
	Operating risk loss	1,136			1,242			674			(8.5	)%	68.5	%	2,637			3,786			(30.3	)%
	Other real estate owned and repossession expense	1,016			1,303			129			(22.0	)%	687.6	%	2,507			3,034			(17.4	)%
	Intangible amortization	5			314			106			(98.4	)%	(95.3	)%	241			944			(74.5	)%
	Other	13,234			11,010			12,988			20.2	%	1.9	%	38,979			35,614			9.4	%
	Total Non-Interest Expense	124,889			115,798			118,354			7.9	%	5.5	%	361,721			341,526			5.9	%
	Income Before Income Taxes	44,579			51,968			48,855			(14.2	)%	(8.8	)%	146,974			161,081			(8.8	)%
	Income tax expense	10,328			13,402			12,175			(22.9	)%	(15.2	)%	36,007			41,136			(12.5	)%
	Net Income	$	34,251		$	38,566		$	36,680		(11.2	)%	(6.6	)%	$	110,967		$	119,945		(7.5	)%
PER SHARE:
	Net income:
	Basic	$	0.20		$	0.21		$	0.21		(4.8	)%	(4.8	)%	$	0.63		$	0.64		(1.6	)%
	Diluted	0.20			0.21			0.21			(4.8	)%	(4.8	)%	0.63			0.64			(1.6	)%
	Cash dividends	$	0.09		$	0.08		$	0.09		12.5	%	—	%	$	0.27		$	0.24		12.5	%
	Shareholders' equity	11.66			11.22			11.50			3.9	%	1.4	%	11.66			11.22			3.9	%
	Shareholders' equity (tangible)	8.60			8.35			8.48			3.0	%	1.4	%	8.60			8.35			3.0	%
	Weighted average shares (basic)	174,338			186,109			176,433			(6.3	)%	(1.2	)%	176,399			187,893			(6.1	)%
	Weighted average shares (diluted)	175,342			186,955			177,531			(6.2	)%	(1.2	)%	177,428			188,863			(6.1	)%
	Shares outstanding, end of period	173,771			185,158			176,019			(6.1	)%	(1.3	)%	173,771			185,158			(6.1	)%
SELECTED FINANCIAL RATIOS:
	Return on average assets	0.78		%	0.90		%	0.86		%					0.86		%	0.95		%
	Return on average shareholders' equity	6.72		%	7.32		%	7.24		%					7.33		%	7.72		%
	Return on average shareholders' equity (tangible)	9.11		%	9.88		%	9.83		%					9.96		%	10.43		%
	Net interest margin	3.18		%	3.39		%	3.20		%					3.22		%	3.42		%
	Efficiency ratio	68.82		%	65.80		%	68.94		%					69.30		%	65.02		%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three Months Ended
		September 30, 2015								September 30, 2014							June 30, 2015
		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	$	13,369,874		$	135,268		4.02%		$	12,922,821		$	136,773		4.20%	$	13,192,600		$	133,339		4.05%
	Taxable investment securities	2,148,403			11,252			2.09%		2,181,099			12,278			2.25%	2,048,558			10,944			2.14%
	Tax-exempt investment securities	230,178			2,929			5.09%		256,303			3,414			5.33%	216,355			2,894			5.35%
	Equity securities	18,280			257			5.58%		34,002			438			5.12%	27,618			379			5.50%
	Total Investment Securities	2,396,861			14,438			2.41%		2,471,404			16,130			2.61%	2,292,531			14,217			2.48%
	Loans held for sale	20,704			194			3.74%		23,699			237			4.01%	26,335			265			4.03%
	Other interest-earning assets	477,145			884			0.74%		293,286			976			1.33%	439,425			933			0.85%
	Total Interest-earning Assets	16,264,584			150,784			3.68%		15,711,210			154,116			3.90%	15,950,891			148,754			3.74%
Noninterest-earning assets:
	Cash and due from banks	104,622								203,134							104,723
	Premises and equipment	226,446								224,241							226,569
	Other assets	1,097,600								1,055,521							1,094,071
	Less: allowance for loan losses	(168,770		)						(192,163		)					(176,085		)
	Total Assets	$	17,524,482							$	17,001,943						$	17,200,169
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,316,532		$	1,122		0.13%		$	3,047,191		$	953		0.12%	$	3,152,697		$	987		0.13%
	Savings deposits	3,714,282			1,436			0.15%		3,468,958			1,061			0.12%	3,568,579			1,247			0.14%
	Time deposits	2,963,774			7,659			1.03%		3,009,225			6,984			0.92%	3,027,520			7,819			1.04%
	Total Interest-bearing Deposits	9,994,588			10,217			0.41%		9,525,374			8,998			0.37%	9,748,796			10,053			0.41%
	Short-term borrowings	324,685			92			0.11%		667,397			297			0.18%	379,988			103			0.11%
	FHLB advances and long-term debt	996,247			10,225			4.09%		995,486			11,129			4.45%	1,026,987			11,153			4.35%
	Total Interest-bearing Liabilities	11,315,520			20,534			0.72%		11,188,257			20,424			0.73%	11,155,771			21,309			0.77%
Noninterest-bearing liabilities:
	Demand deposits	3,904,176								3,514,033							3,734,880
	Other	281,957								210,194							277,730
	Total Liabilities	15,501,653								14,912,484							15,168,381
	Shareholders' equity	2,022,829								2,089,459							2,031,788
	Total Liabilities and Shareholders' Equity	$	17,524,482							$	17,001,943						$	17,200,169
	Net interest income/net interest margin (fully taxable equivalent)				130,250			3.18%					133,692			3.39%				127,445			3.20%
	Tax equivalent adjustment				(4,556		)						(4,326		)					(4,525		)
	Net interest income				$	125,694							$	129,366						$	122,920
	(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:
		Three Months Ended								% Change from
		September 30			September 30			June 30		September 30			June 30
		2015			2014			2015		2014			2015
Loans, by type:
	Real estate - commercial mortgage	$	5,242,021		$	5,114,221		$	5,210,540	2.5		%	0.6		%
	Commercial - industrial, financial and agricultural	3,887,161			3,657,047			3,836,397		6.3		%	1.3		%
	Real estate - home equity	1,692,860			1,727,253			1,695,171		(2.0		)%	(0.1		)%
	Real estate - residential mortgage	1,381,141			1,369,087			1,356,464		0.9		%	1.8		%
	Real estate - construction	753,584			663,922			698,685		13.5		%	7.9		%
	Consumer	270,391			284,630			265,354		(5.0		)%	1.9		%
	Leasing and other	142,716			106,661			129,989		33.8		%	9.8		%
	Total Loans, net of unearned income	$	13,369,874		$	12,922,821		$	13,192,600	3.5		%	1.3		%
Deposits, by type:
	Noninterest-bearing demand	$	3,904,176		$	3,514,033		$	3,734,880	11.1		%	4.5		%
	Interest-bearing demand	3,316,532			3,047,191			3,152,697		8.8		%	5.2		%
	Savings deposits	3,714,282			3,468,958			3,568,579		7.1		%	4.1		%
	Time deposits	2,963,774			3,009,225			3,027,520		(1.5		)%	(2.1		)%
	Total Deposits	$	13,898,764		$	13,039,407		$	13,483,676	6.6		%	3.1		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	149,415		$	202,809		$	179,804	(26.3		)%	(16.9		)%
	Customer short-term promissory notes	79,308			83,734			80,073		(5.3		)%	(1.0		)%
	Federal funds purchased	85,092			224,930			108,078		(62.2		)%	(21.3		)%
	Short-term FHLB advances and other borrowings	10,870			155,924			12,033		(93.0		)%	(9.7		)%
	Total Short-term Borrowings	$	324,685		$	667,397		$	379,988	(51.4		)%	(14.6		)%

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Nine Months Ended September 30
		2015								2014
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	13,220,339		$	401,662		4.06	%	$	12,827,563		$	405,904		4.23	%
	Taxable investment securities	2,068,025			33,478			2.16	%	2,216,344			37,962			2.28	%
	Tax-exempt investment securities	225,209			9,035			5.35	%	268,604			10,561			5.24	%
	Equity securities	25,985			1,086			5.59	%	33,949			1,286			5.06	%
	Total Investment Securities	2,319,219			43,599			2.51	%	2,518,897			49,809			2.64	%
	Loans held for sale	21,360			632			3.94	%	18,259			585			4.27	%
	Other interest-earning assets	463,545			3,922			1.13	%	263,797			3,065			1.55	%
	Total Interest-earning Assets	16,024,463			449,815			3.75	%	15,628,516			459,363			3.93	%
Noninterest-earning assets:
	Cash and due from banks	104,870								200,368
	Premises and equipment	226,469								225,033
	Other assets	1,101,856								1,041,834
	Less: allowance for loan losses	(176,205		)						(197,235		)
	Total Assets	$	17,281,453							$	16,898,516
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,202,380		$	3,092		0.13	%	$	2,969,470		$	2,766		0.12	%
	Savings deposits	3,600,695			3,802			0.14	%	3,392,681			3,127			0.12	%
	Time deposits	3,017,271			23,199			1.03	%	2,984,861			19,686			0.88	%
	Total Interest-bearing Deposits	9,820,346			30,093			0.41	%	9,347,012			25,579			0.37	%
	Short-term borrowings	338,019			272			0.11	%	972,694			1,470			0.20	%
	FHLB advances and long-term debt	1,048,634			33,669			4.29	%	924,920			32,606			4.71	%
	Total Interest-bearing Liabilities	11,206,999			64,034			0.76	%	11,244,626			59,655			0.71	%
Noninterest-bearing liabilities:
	Demand deposits	3,767,919								3,360,876
	Other	282,983								214,826
	Total Liabilities	15,257,901								14,820,328
	Shareholders' equity	2,023,552								2,078,188
	Total Liabilities and Shareholders' Equity	$	17,281,453							$	16,898,516
	Net interest income/net interest margin (fully taxable equivalent)				385,781			3.22	%				399,708			3.42	%
	Tax equivalent adjustment				(13,586		)						(12,879		)
	Net interest income				$	372,195							$	386,829
(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:
		Nine Months Ended
		September 30
		2015			2014			% Change
Loans, by type:
	Real estate - commercial mortgage	$	5,205,755		$	5,112,735		1.8	%
	Commercial - industrial, financial and agricultural	3,831,678			3,637,440			5.3	%
	Real estate - home equity	1,703,006			1,739,352			(2.1	)%
	Real estate - residential mortgage	1,369,367			1,348,269			1.6	%
	Real estate - construction	713,893			609,803			17.1	%
	Consumer	265,002			278,697			(4.9	)%
	Leasing and other	131,638			101,267			30.0	%
	Total Loans, net of unearned income	$	13,220,339		$	12,827,563		3.1	%
Deposits, by type:
	Noninterest-bearing demand	$	3,767,919		$	3,360,876		12.1	%
	Interest-bearing demand	3,202,380			2,969,470			7.8	%
	Savings deposits	3,600,695			3,392,681			6.1	%
	Time deposits	3,017,271			2,984,861			1.1	%
	Total Deposits	$	13,588,265		$	12,707,888		6.9	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	167,526		$	202,184		(17.1	)%
	Customer short-term promissory notes	81,854			89,119			(8.2	)%
	Federal funds purchased	72,961			361,162			(79.8	)%
	Short-term FHLB advances and other borrowings	15,678			320,229			(95.1	)%
	Total Short-term Borrowings	$	338,019		$	972,694		(65.2	)%

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three Months Ended									Nine Months Ended
		Sep 30			Sep 30			Jun 30			Sep 30			Sep 30
		2015			2014			2015			2015			2014
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	169,453		$	193,442		$	179,658		$	185.931		$	204.917
	Loans charged off:
	Commercial - industrial, financial and agricultural	(1,640		)	(5,167		)	(11,166		)	(14,669		)	(15,804		)
	Consumer and home equity	(1,590		)	(2,030		)	(1,227		)	(4,365		)	(6,115		)
	Real estate - residential mortgage	(1,035		)	(231		)	(783		)	(3,099		)	(2,166		)
	Real estate - commercial mortgage	(660		)	(1,557		)	(1,642		)	(3,011		)	(5,084		)
	Real estate - construction	(114		)	(313		)	(87		)	(201		)	(745		)
	Leasing and other	(522		)	(306		)	(467		)	(1,352		)	(1,434		)
	Total loans charged off	(5,561		)	(9,604		)	(15,372		)	(26,697		)	(31,348		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	1,598			1,013			1,471			3,855			2,532
	Consumer and home equity	618			784			557			1,667			1,928
	Real estate - residential mortgage	201			95			187			547			319
	Real estate - commercial mortgage	842			1,167			451			1,729			1,641
	Real estate - construction	898			470			231			2,276			852
	Leasing and other	346			241			70			587			767
	Recoveries of loans previously charged off	4,503			3,770			2,967			10,661			8,039
Net loans charged off		(1,058		)	(5,834		)	(12,405		)	(16,036		)	(23,309		)
Provision for credit losses		1,000			3,500			2,200			(500		)	9,500
Balance at end of period		$	169,395		$	191,108		$	169,453		$169,395			$	191,108
Net charge-offs to average loans (annualized)		0.03		%	0.18		%	0.38		%	0.16		%	0.24		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	132,154		$	126,420		$	129,152
	Loans 90 days past due and accruing	12,867			17,428			20,353
	Total non-performing loans	145,021			143,848			149,505
	Other real estate owned	10,561			13,489			12,763
	Total non-performing assets	$	155,582		$	157,337		$	162,268
NON-PERFORMING LOANS, BY TYPE:
	Real estate - commercial mortgage	$	49,021		$	44,602		$	49,932
	Commercial - industrial, financial and agricultural	38,032			33,277			35,839
	Real estate - residential mortgage	27,707			28,135			31,562
	Consumer and home equity	15,186			17,586			17,215
	Real estate - construction	14,989			19,860			14,884
	Leasing	86			388			73
	Total non-performing loans	$	145,021		$	143,848		$	149,505
TROUBLED DEBT RESTRUCTURINGS (TDRs), BY TYPE:
	Real-estate - residential mortgage	$	29,330		$	30,850		$	31,584
	Real-estate - commercial mortgage	17,282			18,869			17,482
	Commercial - industrial, financial and agricultural	7,399			5,115			6,591
	Real estate - construction	4,363			9,251			4,482
	Consumer and home equity	3,983			2,927			3,330
	Total accruing TDRs	$	62,357		$	67,012		$	63,469
	Non-accrual TDRs (1)	27,618			27,724			27,230
	Total TDRs	$	89,975		$	94,736		$	90,699
(1) Included within non-accrual loans above.

DELINQUENCY RATES, BY TYPE:
		September 30, 2015						September 30, 2014						June 30, 2015
		31-89 Days		≥90 Days (2)		Total		31-89 Days		≥90 Days (2)		Total		31-89 Days		≥90 Days (2)		Total
	Real estate - commercial mortgage	0.16	%	0.92	%	1.08	%	0.48	%	0.86	%	1.34	%	0.34	%	0.96	%	1.30	%
	Commercial - industrial, financial and agricultural	0.35	%	0.97	%	1.32	%	0.28	%	0.91	%	1.19	%	0.22	%	0.94	%	1.16	%
	Real estate - construction	0.30	%	1.95	%	2.25	%	0.03	%	2.89	%	2.92	%	0.02	%	2.03	%	2.05	%
	Real estate - residential mortgage	1.27	%	2.00	%	3.27	%	1.81	%	2.06	%	3.87	%	1.53	%	2.30	%	3.83	%
	Consumer, home equity, leasing and other	0.69	%	0.72	%	1.41	%	0.74	%	0.85	%	1.59	%	0.69	%	0.83	%	1.52	%
	Total	0.42	%	1.07	%	1.49	%	0.58	%	1.11	%	1.69	%	0.47	%	1.13	%	1.60	%
(2) Includes non-accrual loans
ASSET QUALITY RATIOS:
		Sep 30		Sep 30		Jun 30
		2015		2014		2015
	Non-accrual loans to total loans	0.98	%	0.97	%	0.98	%
	Non-performing assets to total loans and OREO	1.15	%	1.21	%	1.22	%
	Non-performing assets to total assets	0.87	%	0.91	%	0.93	%
	Allowance for credit losses to loans outstanding	1.25	%	1.47	%	1.28	%
	Allowance for credit losses to non-performing loans	116.81	%	132.85	%	113.34	%
	Non-performing assets to tangible common shareholders' equity and allowance for credit losses	9.35	%	9.06	%	9.76	%

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 supplemental 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 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:
		Three Months Ended									Nine Months Ended
		September 30			September 30			June 30			Sep 30			Sep 30
		2015			2014			2015			2015			2014
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,025,904		$	2,078,006		$	2,024,817
Less: Goodwill and intangible assets		(531,562		)	(532,117		)	(531,567		)
Tangible shareholders' equity (numerator)		$	1,494,342		$	1,545,889		$	1,493,250
Shares outstanding, end of period (denominator)		173,771			185,158			176,019
Shareholders' equity (tangible), per share		$	8.60		$	8.35		$	8.48
Return on average common shareholders' equity (tangible)
Net income		$	34,251		$	38,566		$	36,680		$	110,967		$	119,945
Plus: Intangible amortization, net of tax		3			203			69			157			614
Numerator		$	34,254		$	38,769		$	36,749		$	111,124		$	120,559
Average shareholders' equity		$	2,022,829		$	2,089,459		$	2,031,788		$	2,023,552		$	2,078,188
Less: Average goodwill and intangible assets		(531,564		)	(532,271		)	(531,618		)	(531,638		)	(532,584		)
Average tangible shareholders' equity (denominator)		$	1,491,265		$	1,557,188		$	1,500,170		$	1,491,914		$	1,545,604
Return on average common shareholders' equity (tangible), annualized		9.11		%	9.88		%	9.83		%	9.96		%	10.43		%
Efficiency ratio
Non-interest expense		$	124,889		$	115,798		$	118,354		$	361,721		$	341,526
Less: Intangible amortization		(5		)	(314		)	(106		)	(241		)	(944		)
Less: Loss on redemption of trust preferred securities		(5,626		)	—			—			(5,626		)	—
Numerator		$	119,258		$	115,484		$	118,248		$	355,854		$	340,582
Net interest income (fully taxable equivalent)		$	130,250		$	133,692		$	127,445		$	385,781		$	399,708
Plus: Total Non-interest income		44,774			41,900			46,489			136,000			125,278
Less: Investment securities gains		(1,730		)	(81		)	(2,415		)	(8,290		)	(1,193		)
Denominator		$	173,294		$	175,511		$	171,519		$	513,491		$	523,793
Efficiency ratio		68.82		%	65.80		%	68.94		%	69.30		%	65.02		%
Non-performing assets to tangible common shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	155,582		$	157,337		$	162,268
Tangible shareholders' equity		$	1,494,342		$	1,545,889		$	1,493,250
Plus: Allowance for credit losses		169,395			191,108			169,453
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,663,737		$	1,736,997		$	1,662,703
Non-performing assets to tangible common shareholders' equity and allowance for credit losses		9.35		%	9.06		%	9.76		%