Fulton Financial 8K reports 2016 earnings | FULT 17 Jan 17



Exhibit 99.2

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
																	% Change from
		December 31			September 30			June 30			March 31			December 31			September 30		December 31
		2016			2016			2016			2016			2015			2016		2015
ASSETS
	Cash and due from banks	$	118,763		$	86,497		$	84,647		$	83,479		$	101,120		37.3	%	17.4	%
	Other interest-earning assets	291,252			428,966			408,086			408,060			292,516			(32.1	)%	(0.4	)%
	Loans held for sale	28,697			27,836			34,330			19,719			16,886			3.1	%	69.9	%
	Investment securities	2,559,227			2,508,068			2,529,724			2,516,205			2,484,773			2.0	%	3.0	%
	Loans, net of unearned income	14,699,272			14,391,238			14,155,159			13,870,701			13,838,602			2.1	%	6.2	%
	Allowance for loan losses	(168,679		)	(162,526		)	(162,546		)	(163,841		)	(169,054		)	3.8	%	(0.2	)%
	Net loans	14,530,593			14,228,712			13,992,613			13,706,860			13,669,548			2.1	%	6.3	%
	Premises and equipment	217,806			228,009			228,861			228,057			225,535			(4.5	)%	(3.4	)%
	Accrued interest receivable	46,294			43,600			43,316			44,379			42,767			6.2	%	8.2	%
	Goodwill and intangible assets	531,556			531,556			531,556			531,556			531,556			—	%	—	%
	Other assets	620,059			617,818			626,902			583,939			550,017			0.4	%	12.7	%
	Total Assets	$	18,944,247		$	18,701,062		$	18,480,035		$	18,122,254		$	17,914,718		1.3	%	5.7	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	15,012,864		$	14,952,479		$	14,292,564		$	14,404,280		$	14,132,317		0.4	%	6.2	%
	Short-term borrowings	541,317			264,042			722,214			352,883			497,663			105.0	%	8.8	%
	Other liabilities	339,548			389,819			392,708			326,128			293,302			(12.9	)%	15.8	%
	FHLB advances and long-term debt	929,403			965,286			965,552			965,654			949,542			(3.7	)%	(2.1	)%
	Total Liabilities	16,823,132			16,571,626			16,373,038			16,048,945			15,872,824			1.5	%	6.0	%
	Shareholders' equity	2,121,115			2,129,436			2,106,997			2,073,309			2,041,894			(0.4	)%	3.9	%
	Total Liabilities and Shareholders' Equity	$	18,944,247		$	18,701,062		$	18,480,035		$	18,122,254		$	17,914,718		1.3	%	5.7	%

LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	6,018,582		$	5,818,915		$	5,635,347		$	5,558,108		$	5,462,330		3.4	%	10.2	%
	Commercial - industrial, financial and agricultural	4,087,486			4,024,119			4,099,177			4,035,333			4,088,962			1.6	%	—	%
	Real estate - home equity	1,625,115			1,640,421			1,647,319			1,659,481			1,684,439			(0.9	)%	(3.5	)%
	Real estate - residential mortgage	1,601,994			1,542,696			1,447,292			1,377,459			1,376,160			3.8	%	16.4	%
	Real estate - construction	843,649			861,634			853,699			810,872			799,988			(2.1	)%	5.5	%
	Consumer	291,470			283,673			278,071			263,221			268,588			2.7	%	8.5	%
	Leasing and other	230,976			219,780			194,254			166,227			158,135			5.1	%	46.1	%
	Total Loans, net of unearned income	$	14,699,272		$	14,391,238		$	14,155,159		$	13,870,701		$	13,838,602		2.1	%	6.2	%
Deposits, by type:
	Noninterest-bearing demand	$	4,376,137		$	4,210,099		$	4,125,375		$	4,134,861		$	3,948,114		3.9	%	10.8	%
	Interest-bearing demand	3,703,712			3,703,048			3,358,536			3,430,206			3,451,207			—	%	7.3	%
	Savings and money market accounts	4,179,773			4,235,015			3,986,008			3,972,199			3,868,046			(1.3	)%	8.1	%
	Time deposits	2,753,242			2,804,317			2,822,645			2,867,014			2,864,950			(1.8	)%	(3.9	)%
	Total Deposits	$	15,012,864		$	14,952,479		$	14,292,564		$	14,404,280		$	14,132,317		0.4	%	6.2	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	195,734		$	189,727		$	168,521		$	162,431		$	111,496		3.2	%	75.6	%
	Customer short-term promissory notes	67,013			65,871			69,509			76,807			78,932			1.7	%	(15.1	)%
	Short-term FHLB advances	—			—			35,000			81,000			110,000			N/M		(100.0	)%
	Federal funds purchased	278,570			8,444			449,184			32,645			197,235			N/M		41.2	%
	Total Short-term Borrowings	$	541,317		$	264,042		$	722,214		$	352,883		$	497,663		105.0	%	8.8	%


N/M - Not meaningful



FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
in thousands, except per-share data and percentages
		Three Months Ended															% Change from				Year ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Sep 30		Dec 31		December 31
		2016			2016			2016			2016			2015			2016		2015		2016			2015			% Change
Interest Income:
	Interest income	$	153,012		$	151,468		$	149,309		$	149,311		$	147,560		1.0	%	3.7	%	$	603,100		$	583,789		3.3	%
	Interest expense	20,775			20,903			20,393			20,257			19,761			(0.6	)%	5.1	%	82,328			83,795			(1.8	)%
	Net Interest Income	132,237			130,565			128,916			129,054			127,799			1.3	%	3.5	%	520,772			499,994			4.2	%
	Provision for credit losses	5,000			4,141			2,511			1,530			2,750			20.7	%	81.8	%	13,182			2,250			N/M
	Net Interest Income after Provision	127,237			126,424			126,405			127,524			125,049			0.6	%	1.7	%	507,590			497,744			2.0	%
Non-Interest Income:
	Other service charges and fees	13,333			14,407			12,983			10,750			12,676			(7.5	)%	5.2	%	51,473			43,992			17.0	%
	Service charges on deposit accounts	12,814			13,078			12,896			12,558			12,909			(2.0	)%	(0.7	)%	51,346			50,097			2.5	%
	Investment management and trust services	11,610			11,425			11,247			10,988			10,920			1.6	%	6.3	%	45,270			44,056			2.8	%
	Mortgage banking income	6,959			4,529			3,897			4,030			4,317			53.7	%	61.2	%	19,415			18,208			6.6	%
	Other	6,514			4,708			5,038			3,864			4,241			38.4	%	53.6	%	20,124			16,420			22.6	%
	Non-Interest Income before Investment Securities Gains	51,230			48,147			46,061			42,190			45,063			6.4	%	13.7	%	187,628			172,773			8.6	%
	Investment securities gains	1,525			2			76			947			776			N/M		96.5	%	2,550			9,066			(71.9	)%
	Total Non-Interest Income	52,755			48,149			46,137			43,137			45,839			9.6	%	15.1	%	190,178			181,839			4.6	%
Non-Interest Expense:
	Salaries and employee benefits	73,256			70,696			70,029			69,372			65,467			3.6	%	11.9	%	283,353			260,832			8.6	%
	Net occupancy expense	11,798			11,782			11,811			12,220			11,566			0.1	%	2.0	%	47,611			47,777			(0.3	)%
	Other outside services	6,536			5,783			5,508			6,056			6,537			13.0	%	—	%	23,883			27,785			(14.0	)%
	Software	4,912			4,117			3,953			3,921			4,068			19.3	%	20.7	%	16,903			14,746			14.6	%
	Data processing	4,530			4,610			5,476			5,400			5,127			(1.7	)%	(11.6	)%	20,016			19,894			0.6	%
	Equipment expense	3,408			3,137			2,872			3,371			3,626			8.6	%	(6.0	)%	12,788			14,514			(11.9	)%
	Professional fees	2,783			2,535			3,353			2,333			2,814			9.8	%	(1.1	)%	11,004			11,244			(2.1	)%
	FDIC insurance expense	2,067			1,791			2,960			2,949			2,896			15.4	%	(28.6	)%	9,767			11,470			(14.8	)%
	Marketing	1,730			1,774			1,916			1,624			1,754			(2.5	)%	(1.4	)%	7,044			7,324			(3.8	)%
	Operating risk loss	733			556			986			540			987			31.8	%	(25.7	)%	2,815			3,624			(22.3	)%
	Other real estate owned and repossession expense	181			742			365			638			1,123			(75.6	)%	(83.9	)%	1,926			3,630			(46.9	)%
	Intangible amortization	—			—			—			—			6			—	%	N/M		—			247			N/M
	Loss on redemption of trust preferred securities	—			—			—			—			—			—	%	—	%	—			5,626			N/M
	Other	15,687			12,325			12,408			11,989			12,468			27.3	%	25.8	%	52,409			51,447			1.9	%
	Total Non-Interest Expense	127,621			119,848			121,637			120,413			118,439			6.5	%	7.8	%	489,519			480,160			1.9	%
	Income Before Income Taxes	52,371			54,725			50,905			50,248			52,449			(4.3	)%	(0.1	)%	208,249			199,423			4.4	%
	Income tax expense	10,221			13,257			11,155			11,991			13,914			(22.9	)%	(26.5	)%	46,624			49,921			(6.6	)%
	Net Income	$	42,150		$	41,468		$	39,750		$	38,257		$	38,535		1.6	%	9.4	%	$	161,625		$	149,502		8.1	%

PER SHARE:
	Net income:
	Basic	$	0.24		$	0.24		$	0.23		$	0.22		$	0.22		—	%	9.1	%	$	0.93		$	0.85		9.4	%
	Diluted	0.24			0.24			0.23			0.22			0.22			—	%	9.1	%	0.93			0.85			9.4	%

	Cash dividends	$	0.12		$	0.10		$	0.10		$	0.09		$	0.11		20.0	%	9.1	%	$	0.41		$	0.38		7.9	%
	Shareholders' equity	12.19			12.30			12.17			11.96			11.72			(0.9	)%	4.0	%	12.19			11.72			4.0	%
	Shareholders' equity (tangible)	9.13			9.23			9.10			8.89			8.67			(1.1	)%	5.3	%	9.13			8.67			5.3	%

	Weighted average shares (basic)	173,554			173,020			173,394			173,331			173,709			0.3	%	(0.1	)%	173,325			175,721			(1.4	)%
	Weighted average shares (diluted)	174,874			174,064			174,318			174,416			174,833			0.5	%	—	%	174,418			176,774			(1.3	)%
	Shares outstanding, end of period	174,040			173,144			173,139			173,393			174,176			0.5	%	(0.1	)%	174,040			174,176			(0.1	)%

SELECTED FINANCIAL RATIOS:
	Return on average assets	0.89		%	0.89		%	0.88		%	0.86		%	0.86		%					0.88		%	0.86		%
	Return on average shareholders' equity	7.86		%	7.78		%	7.65		%	7.47		%	7.51		%					7.69		%	7.38		%
	Return on average shareholders' equity (tangible)	10.47		%	10.38		%	10.26		%	10.07		%	10.16		%					10.30		%	10.01		%
	Net interest margin	3.15		%	3.14		%	3.20		%	3.23		%	3.19		%					3.18		%	3.21		%
	Efficiency ratio	67.60		%	65.16		%	67.59		%	68.33		%	66.63		%					67.16		%	68.61		%
N/M - Not meaningful



FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three Months Ended
		December 31, 2016								September 30, 2016								December 31, 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	$	14,475,816		$	141,826		3.90%		$	14,212,250		$	140,434		3.93%		$	13,659,266		$	136,317		3.96%
	Taxable investment securities	2,096,086			10,941			2.07%		2,110,084			10,872			2.06%		2,170,397			11,801			2.17%
	Tax-exempt investment securities	389,047			4,234			4.35%		344,231			3,923			4.56%		246,727			3,085			5.00%
	Equity securities	13,068			181			5.52%		14,209			196			5.50%		15,524			208			5.33%
	Total Investment Securities	2,498,201			15,356			2.45%		2,468,524			14,991			2.43%		2,432,648			15,094			2.48%
	Loans held for sale	24,411			199			3.26%		22,593			210			3.72%		15,713			169			4.31%
	Other interest-earning assets	411,369			966			0.94%		501,666			1,051			0.84%		399,309			864			0.86%
	Total Interest-earning Assets	17,409,797			158,347			3.62%		17,205,033			156,686			3.63%		16,506,936			152,444			3.67%
Noninterest-earning assets:
	Cash and due from banks	117,741								101,927								106,810
	Premises and equipment	226,482								227,906								226,335
	Other assets	1,171,031								1,219,844								1,108,094
	Less: allowance for loan losses	(164,523		)						(163,074		)						(169,251		)
	Total Assets	$	18,760,528							$	18,591,636							$	17,778,924
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,714,391		$	1,927		0.21%		$	3,602,448		$	1,706		0.19%		$	3,411,904		$	1,207		0.13%
	Savings and money market accounts	4,216,090			2,249			0.21%		4,078,942			2,042			0.20%		3,903,741			1,633			0.17%
	Time deposits	2,777,203			7,593			1.09%		2,814,258			7,562			1.07%		2,903,715			7,549			1.03%
	Total Interest-bearing Deposits	10,707,684			11,769			0.44%		10,495,648			11,310			0.43%		10,219,360			10,389			0.40%
	Short-term borrowings	308,094			116			0.15%		426,369			254			0.23%		281,497			100			0.14%
	FHLB advances and long-term debt	947,661			8,891			3.74%		965,228			9,338			3.86%		950,792			9,272			3.88%
	Total Interest-bearing Liabilities	11,963,439			20,776			0.69%		11,887,245			20,902			0.70%		11,451,649			19,761			0.69%
Noninterest-bearing liabilities:
	Demand deposits	4,331,894								4,227,639								3,999,118
	Other	332,540								356,156								291,388
	Total Liabilities	16,627,873								16,471,040								15,742,155
	Shareholders' equity	2,132,655								2,120,596								2,036,769
	Total Liabilities and Shareholders' Equity	$	18,760,528							$	18,591,636							$	17,778,924
	Net interest income/net interest margin (fully taxable equivalent)				137,571			3.15%					135,784			3.14%					132,683			3.19%
	Tax equivalent adjustment				(5,334		)						(5,219		)						(4,884		)
	Net interest income				$	132,237							$	130,565							$	127,799

	(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
		Dec 31			Sep 30			Jun 30		Mar 31			Dec 31			Sep 30		Dec 31
		2016			2016			2016		2016			2015			2016		2015
Loans, by type:
	Real estate - commercial mortgage	$	5,828,313		$	5,670,888		$	5,557,680	$	5,487,421		$	5,365,640		2.8	%	8.6		%
	Commercial - industrial, financial and agricultural	4,081,498			4,066,275			4,080,524		4,095,268			4,035,287			0.4	%	1.1		%
	Real estate - home equity	1,633,668			1,640,913			1,656,140		1,674,032			1,694,455			(0.4	)%	(3.6		)%
	Real estate - residential mortgage	1,572,895			1,503,209			1,399,851		1,381,409			1,377,116			4.6	%	14.2		%
	Real estate - construction	845,528			837,920			820,881		792,014			765,555			0.9	%	10.4		%
	Consumer	289,864			281,517			272,293		263,295			267,726			3.0	%	8.3		%
	Leasing and other	224,050			211,528			178,655		159,981			153,487			5.9	%	46.0		%
	Total Loans, net of unearned income	$	14,475,816		$	14,212,250		$	13,966,024	$	13,853,420		$	13,659,266		1.9	%	6.0		%
Deposits, by type:
	Noninterest-bearing demand	$	4,331,894		$	4,227,639		$	4,077,642	$	3,967,887		$	3,999,118		2.5	%	8.3		%
	Interest-bearing demand	3,714,391			3,602,448			3,454,031		3,438,355			3,411,904			3.1	%	8.9		%
	Savings and money market accounts	4,216,090			4,078,942			3,989,988		3,932,824			3,903,741			3.4	%	8.0		%
	Time deposits	2,777,203			2,814,258			2,844,434		2,867,651			2,903,715			(1.3	)%	(4.4		)%
	Total Deposits	$	15,039,578		$	14,723,287		$	14,366,095	$	14,206,717		$	14,218,478		2.1	%	5.8		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	200,126		$	187,588		$	180,595	$	171,408		$	142,004		6.7	%	40.9		%
	Customer short-term promissory notes	67,355			70,072			77,535		74,013			80,568			(3.9	)%	(16.4		)%
	Federal funds purchased	40,613			148,546			138,012		183,970			44,468			(72.7	)%	(8.7		)%
	Short-term FHLB advances and other borrowings	—			20,163			7,527		16,011			14,457			(100.0	)%	(100.0		)%
	Total Short-term Borrowings	$	308,094		$	426,369		$	403,669	$	445,402		$	281,497		(27.7	)%	9.4		%



FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Year Ended December 31
		2016								2015
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS

Interest-earning assets:
	Loans, net of unearned income	$	14,128,064		$	558,472		3.95	%	$	13,330,973		$	537,979		4.04	%
	Taxable investment securities	2,128,497			44,975			2.11	%	2,093,829			45,279			2.16	%
	Tax-exempt investment securities	327,098			14,865			4.54	%	230,633			12,120			5.26	%
	Equity securities	13,969			780			5.58	%	23,348			1,294			5.54	%
	Total Investment Securities	2,469,564			60,620			2.45	%	2,347,810			58,693			2.50	%
	Loans held for sale	19,697			728			3.70	%	19,937			801			4.02	%
	Other interest-earning assets	407,471			3,779			0.93	%	447,354			4,786			1.07	%
	Total Interest-earning Assets	17,024,796			623,599			3.66	%	16,146,074			602,259			3.73	%

Noninterest-earning assets:
	Cash and due from banks	104,772								105,359
	Premises and equipment	227,047								226,436
	Other assets	1,179,437								1,103,427
	Less: allowance for loan losses	(164,879		)						(174,453		)
	Total Assets	$	18,371,173							$	17,406,843

LIABILITIES AND SHAREHOLDERS' EQUITY

Interest-bearing liabilities:
	Demand deposits	$	3,552,886		$	6,654		0.19	%	$	3,255,192		$	4,299		0.13	%
	Savings and money market accounts	4,054,970			7,981			0.20	%	3,677,079			5,435			0.15	%
	Time deposits	2,825,722			30,058			1.06	%	2,988,648			30,748			1.03	%
	Total Interest-bearing Deposits	10,433,578			44,693			0.43	%	9,920,919			40,482			0.41	%

	Short-term borrowings	395,727			855			0.21	%	323,772			372			0.11	%
	FHLB advances and long-term debt	959,142			36,780			3.83	%	1,023,972			42,941			4.19	%
	Total Interest-bearing Liabilities	11,788,447			82,328			0.70	%	11,268,663			83,795			0.74	%

Noninterest-bearing liabilities:
	Demand deposits	4,151,967								3,826,194
	Other	330,125								285,103
	Total Liabilities	16,270,539								15,379,960
	Shareholders' equity	2,100,634								2,026,883

	Total Liabilities and Shareholders' Equity	$	18,371,173							$	17,406,843

	Net interest income/net interest margin (fully taxable equivalent)				541,271			3.18	%				518,464			3.21	%
	Tax equivalent adjustment				(20,499		)						(18,470		)

	Net interest income				$	520,772							$	499,994

(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:

		Year Ended
		December 31
		2016			2015			% Change
Loans, by type:
	Real estate - commercial mortgage	$	5,636,696		$	5,246,054		7.4	%
	Commercial - industrial, financial and agricultural	4,080,854			3,882,998			5.1	%
	Real estate - home equity	1,651,112			1,700,851			(2.9	)%
	Real estate - residential mortgage	1,464,744			1,371,321			6.8	%
	Real estate - construction	824,182			726,914			13.4	%
	Consumer	276,792			265,688			4.2	%
	Leasing and other	193,684			137,147			41.2	%
	Total Loans, net of unearned income	$	14,128,064		$	13,330,973		6.0	%

Deposits, by type:
	Noninterest-bearing demand	$	4,151,967		$	3,826,194		8.5	%
	Interest-bearing demand	3,552,886			3,255,192			9.1	%
	Savings and money market accounts	4,054,970			3,677,079			10.3	%
	Time deposits	2,825,722			2,988,648			(5.5	)%

	Total Deposits	$	14,585,545		$	13,747,113		6.1	%

Short-term borrowings, by type:
	Customer repurchase agreements	$	184,978		$	161,093		14.8	%
	Customer short-term promissory notes	72,224			81,530			(11.4	)%
	Federal funds purchased	127,604			65,779			94.0	%
	Short-term FHLB advances and other borrowings	10,921			15,370			(28.9	)%
	Total Short-term Borrowings	$	395,727		$	323,772		22.2	%



FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three Months Ended															Year Ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Dec 31
		2016			2016			2016			2016			2015			2016			2015
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	165,169		$	165,108		$	166,065		$	171,412		$	169,395		$	171,412		$	185,931
	Loans charged off:
	Commercial - industrial, financial and agricultural	(1,319		)	(3,144		)	(4,625		)	(6,188		)	(970		)	(15,276		)	(15,639		)
	Consumer and home equity	(2,156		)	(1,394		)	(1,614		)	(2,548		)	(1,466		)	(7,712		)	(5,831		)
	Real estate - commercial mortgage	(174		)	(1,350		)	(1,474		)	(582		)	(1,207		)	(3,580		)	(4,218		)
	Real estate - residential mortgage	(116		)	(802		)	(340		)	(1,068		)	(513		)	(2,326		)	(3,612		)
	Real estate - construction	—			(150		)	(742		)	(326		)	—			(1,218		)	(201		)
	Leasing and other	(589		)	(832		)	(1,951		)	(443		)	(1,304		)	(3,815		)	(2,656		)
	Total loans charged off	(4,354		)	(7,672		)	(10,746		)	(11,155		)	(5,460		)	(33,927		)	(32,157		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	2,192			1,539			2,931			2,319			1,409			8,981			5,264
	Consumer and home equity	580			463			889			534			825			2,466			2,492
	Real estate - commercial mortgage	885			296			1,367			825			1,072			3,373			2,801
	Real estate - residential mortgage	288			228			420			136			775			1,072			1,322
	Real estate - construction	1,080			898			1,563			383			548			3,924			2,824
	Leasing and other	485			168			108			81			98			842			685
	Recoveries of loans previously charged off	5,510			3,592			7,278			4,278			4,727			20,658			15,388
Net loans recovered (charged off)		1,156			(4,080		)	(3,468		)	(6,877		)	(733		)	(13,269		)	(16,769		)
Provision for credit losses		5,000			4,141			2,511			1,530			2,750			13,182			2,250
Balance at end of period		$	171,325		$	165,169		$	165,108		$	166,065		$	171,412		$	171,325		$	171,412
Net charge-offs (recoveries) to average loans (annualized)		(0.03		)%	0.11		%	0.10		%	0.20		%	0.02		%	0.09		%	0.13		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	120,133		$	124,017		$	111,742		$	122,170		$	129,523
	Loans 90 days past due and accruing	11,505			14,095			15,992			15,013			15,291
	Total non-performing loans	131,638			138,112			127,734			137,183			144,814
	Other real estate owned	12,815			11,981			11,918			10,946			11,099
	Total non-performing assets	$	144,453		$	150,093		$	139,652		$	148,129		$	155,913
NON-PERFORMING LOANS, BY TYPE:
	Commercial - industrial, financial and agricultural	$	43,460		$	47,330		$	38,902		$	39,140		$	44,071
	Real estate - commercial mortgage	39,319			39,631			35,704			43,132			41,170
	Real estate - residential mortgage	23,655			23,451			25,030			25,182			28,484
	Consumer and home equity	15,045			16,426			16,061			16,210			17,123
	Real estate - construction	9,842			11,223			11,879			12,005			12,460
	Leasing	317			51			158			1,514			1,506
	Total non-performing loans	$	131,638		$	138,112		$	127,734		$	137,183		$	144,814
TROUBLED DEBT RESTRUCTURINGS (TDRs), BY TYPE:
	Real-estate - residential mortgage	$	27,617		$	26,854		$	27,324		$	27,565		$	28,511
	Real-estate - commercial mortgage	15,957			16,085			17,808			17,427			17,563
	Consumer and home equity	8,633			7,707			7,191			6,562			4,589
	Commercial - industrial, financial and agricultural	6,627			7,488			5,756			5,650			5,953
	Real estate - construction	726			843			3,086			3,092			3,942
	Total accruing TDRs	$	59,560		$	58,977		$	61,165		$	60,296		$	60,558
	Non-accrual TDRs (1)	27,850			27,904			24,887			27,277			31,035
	Total TDRs	$	87,410		$	86,881		$	86,052		$	87,573		$	91,593
(1) Included within non-accrual loans above.





DELINQUENCY RATES, BY TYPE:
		Total Delinquency
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2016		2016		2016		2016		2015
	Real estate - commercial mortgage	0.78	%	0.87	%	0.81	%	0.93	%	0.91	%
	Commercial - industrial, financial and agricultural	1.31	%	1.48	%	1.25	%	1.46	%	1.27	%
	Real estate - construction	1.29	%	1.61	%	1.93	%	2.00	%	1.87	%
	Real estate - residential mortgage	2.74	%	2.67	%	2.70	%	3.10	%	3.40	%
	Consumer, home equity, leasing and other	1.45	%	1.53	%	1.47	%	1.48	%	1.58	%
	Total
		1.27	%	1.38	%	1.30	%	1.44	%	1.41	%

ASSET QUALITY RATIOS:		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2016		2016		2016		2016		2015

	Non-accrual loans to total loans	0.82	%	0.86	%	0.79	%	0.88	%	0.94	%
	Non-performing loans to total loans	0.90	%	0.96	%	0.90	%	0.99	%	1.05	%
	Non-performing assets to total loans and OREO	0.98	%	1.04	%	0.99	%	1.07	%	1.13	%
	Non-performing assets to total assets	0.76	%	0.80	%	0.76	%	0.82	%	0.87	%
	Allowance for credit losses to loans outstanding	1.17	%	1.15	%	1.17	%	1.20	%	1.24	%
	Allowance for credit losses to non-performing loans	130.15	%	119.59	%	129.26	%	121.05	%	118.37	%
	Non-performing assets to tangible common shareholders' equity and allowance for credit losses	8.20	%	8.51	%	8.02	%	8.67	%	9.27	%



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:

		Three Months Ended															Year Ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Dec 31			Dec 31
		2016			2016			2016			2016			2015			2016			2015
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,121,115		$	2,129,436		$	2,106,997		$	2,073,309		$	2,041,894
Less: Goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)
Tangible shareholders' equity (numerator)		$	1,589,559		$	1,597,880		$	1,575,441		$	1,541,753		$	1,510,338
Shares outstanding, end of period (denominator)		174,040			173,144			173,139			173,393			174,176
Shareholders' equity (tangible), per share		$	9.13		$	9.23		$	9.10		$	8.89		$	8.67

Return on average common shareholders' equity (tangible)
Net income		$	42,150		$	41,468		$	39,750		$	38,257		$	38,535		$	161,625		$	149,502
Plus: Intangible amortization, net of tax		—			—			—			—			4			—			161
Numerator		$	42,150		$	41,468		$	39,750		$	38,257		$	38,539		$	161,625		$	149,663

Average shareholders' equity		$	2,132,655		$	2,120,596		$	2,089,915		$	2,058,799		$	2,036,769		$	2,100,634		$	2,026,883
Less: Average goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,559		)	(531,556		)	(531,618		)
Average tangible shareholders' equity (denominator)		$	1,601,099		$	1,589,040		$	1,558,359		$	1,527,243		$	1,505,210		$	1,569,078		$	1,495,265
Return on average common shareholders' equity (tangible), annualized		10.47		%	10.38		%	10.26		%	10.07		%	10.16		%	10.30		%	10.01		%

Efficiency ratio
Non-interest expense		$	127,621		$	119,848		$	121,637		$	120,413		$	118,439		$	489,519		$	480,160
Less: Intangible amortization		—			—			—			—			(6		)	—			(247		)
Less: Loss on redemption of trust preferred securities		—			—			—			—			—			—			(5,626		)
Numerator		$	127,621		$	119,848		$	121,637		$	120,413		$	118,433		$	489,519		$	474,287

Net interest income (fully taxable equivalent)		$	137,571		$	135,784		$	133,890		$	134,026		$	132,683		$	541,271		$	518,464
Plus: Total Non-interest income		52,755			48,149			46,137			43,137			45,839			190,178			181,839
Less: Investment securities gains		(1,525		)	(2		)	(76		)	(947		)	(776		)	(2,550		)	(9,066		)
Denominator		$	188,801		$	183,931		$	179,951		$	176,216		$	177,746		$	728,899		$	691,237
Efficiency ratio		67.60		%	65.16		%	67.59		%	68.33		%	66.63		%	67.16		%	68.61		%

Non-performing assets to tangible common shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	144,453		$	150,093		$	139,652		$	148,129		$	155,913

Tangible shareholders' equity		$	1,589,559		$	1,597,880		1,575,441			1,541,753			$	1,510,338
Plus: Allowance for credit losses		171,325			165,169			165,108			166,065			171,412
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,760,884		$	1,763,049		$	1,740,549		$	1,707,818		$	1,681,750
Non-performing assets to tangible common shareholders' equity and allowance for credit losses		8.20		%	8.51		%	8.02		%	8.67		%	9.27		%

Pre-provision net revenue
Net interest income		$	132,237		$	130,565		$	128,916		$	129,054		$	127,799		$	520,772		$	499,994
Non-interest income		52,755			48,149			46,137			43,137			45,839			190,178			181,839
Less: Investment securities gains		(1,525		)	(2		)	(76		)	(947		)	(776		)	(2,550		)	(9,066		)
Total revenue		$	183,467		$	178,712		$	174,977		$	171,244		$	172,862		$	708,400		$	672,767

Non-interest expense		$	127,621		$	119,848		$	121,637		$	120,413		$	118,439		$	489,519		$	480,160
Less: Loss on redemption of TruPS		—			—			—			—			—			—			(5,626		)
Total non-interest expense, as adjusted		$	127,621		$	119,848		$	121,637		$	120,413		$	118,439		$	489,519		$	474,534

Pre-provision net revenue		$	55,846		$	58,864		$	53,340		$	50,831		$	54,423		$	218,881		$	198,233

Fulton Financial (FULT) 8-KFulton Financial reports 2016 earnings