Fulton Financial (FULT) 8-K Fulton Financial reports third quarter earnings of $0.28 per share

Exhibit 99.2
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
																	% Change from
		Sep 30			Jun 30			Mar 31			Dec 31			Sep 30			Jun 30		Sep 30
		2017			2017			2017			2016			2016			2017		2016
ASSETS
	Cash and due from banks	$	99,803		$	94,938		$	93,844		$	118,763		$	86,497		5.1	%	15.4	%
	Other interest-earning assets	645,796			392,842			350,387			291,252			428,966			64.4	%	50.5	%
	Loans held for sale	23,049			62,354			24,783			28,697			27,836			(63.0	)%	(17.2	)%
	Investment securities	2,561,516			2,488,699			2,506,017			2,559,227			2,508,068			2.9	%	2.1	%
	Loans, net of unearned income	15,486,899			15,346,617			14,963,177			14,699,272			14,391,238			0.9	%	7.6	%
	Allowance for loan losses	(172,245		)	(172,342		)	(170,076		)	(168,679		)	(162,526		)	(0.1	)%	6.0	%
	Net loans	15,314,654			15,174,275			14,793,101			14,530,593			14,228,712			0.9	%	7.6	%
	Premises and equipment	221,551			217,558			216,171			217,806			228,009			1.8	%	(2.8	)%
	Accrued interest receivable	50,082			47,603			46,355			46,294			43,600			5.2	%	14.9	%
	Goodwill and intangible assets	531,556			531,556			531,556			531,556			531,556			—	%	—	%
	Other assets	614,853			637,610			616,362			620,059			617,818			(3.6	)%	(0.5	)%
	Total Assets	$	20,062,860		$	19,647,435		$	19,178,576		$	18,944,247		$	18,701,062		2.1	%	7.3	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	16,141,780		$	15,357,361		$	15,090,344		$	15,012,864		$	14,952,479		5.1	%	8.0	%
	Short-term borrowings	298,751			694,859			453,317			541,317			264,042			(57.0	)%	13.1	%
	Other liabilities	358,384			365,484			342,323			339,548			389,819			(1.9	)%	(8.1	)%
	FHLB advances and long-term debt	1,038,159			1,037,961			1,137,909			929,403			965,286			—	%	7.5	%
	Total Liabilities	17,837,074			17,455,665			17,023,893			16,823,132			16,571,626			2.2	%	7.6	%
	Shareholders' equity	2,225,786			2,191,770			2,154,683			2,121,115			2,129,436			1.6	%	4.5	%
	Total Liabilities and Shareholders' Equity	$	20,062,860		$	19,647,435		$	19,178,576		$	18,944,247		$	18,701,062		2.1	%	7.3	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	6,275,140		$	6,262,008		$	6,118,533		$	6,018,582		$	5,818,915		0.2	%	7.8	%
	Commercial - industrial, financial and agricultural	4,223,075			4,245,849			4,167,809			4,087,486			4,024,119			(0.5	)%	4.9	%
	Real estate - residential mortgage	1,887,907			1,784,712			1,665,142			1,601,994			1,542,696			5.8	%	22.4	%
	Real estate - home equity	1,567,473			1,579,739			1,595,901			1,625,115			1,640,421			(0.8	)%	(4.4	)%
	Real estate - construction	973,108			938,900			882,983			843,649			861,634			3.6	%	12.9	%
	Consumer	302,448			283,156			288,826			291,470			283,673			6.8	%	6.6	%
	Leasing and other	257,748			252,253			243,983			230,976			219,780			2.2	%	17.3	%
	Total Loans, net of unearned income	$	15,486,899		$	15,346,617		$	14,963,177		$	14,699,272		$	14,391,238		0.9	%	7.6	%
Deposits, by type:
	Noninterest-bearing demand	$	4,363,915		$	4,574,619		$	4,417,733		$	4,376,137		$	4,210,099		(4.6	)%	3.7	%
	Interest-bearing demand	4,119,419			3,650,204			3,702,663			3,703,712			3,703,048			12.9	%	11.2	%
	Savings and money market accounts	4,790,985			4,386,128			4,251,574			4,179,773			4,235,015			9.2	%	13.1	%
	Total demand and savings	13,274,319			12,610,951			12,371,970			12,259,622			12,148,162			5.3	%	9.3	%
	Brokered deposits	109,936			—			—			—			—			—	%	—	%
	Time deposits	2,757,525			2,746,410			2,718,374			2,753,242			2,804,317			0.4	%	(1.7	)%
	Total Deposits	$	16,141,780		$	15,357,361		$	15,090,344		$	15,012,864		$	14,952,479		5.1	%	8.0	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	185,945		$	174,224		$	181,170		$	195,734		$	189,727		6.7	%	(2.0	)%
	Customer short-term promissory notes	106,994			74,366			87,726			67,013			65,871			43.9	%	62.4	%
	Short-term FHLB advances	—			240,000			130,000			—			—			(100.0	)%	—	%
	Federal funds purchased	5,812			206,269			54,421			278,570			8,444			(97.2	)%	(31.2	)%
	Total Short-term Borrowings	$	298,751		$	694,859		$	453,317		$	541,317		$	264,042		(57.0	)%	13.1	%

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			Jun 30			Mar 31			Dec 31			Sep 30			Jun 30		Sep 30		Sep 30
		2017			2017			2017			2016			2016			2017		2016		2017			2016			% Change
Interest Income:
	Interest income	$	171,511		$	163,881		$	158,487		$	153,012		$	151,468		4.7	%	13.2	%	$	493,879		$	450,088		9.7	%
	Interest expense	24,702			22,318			20,908			20,775			20,903			10.7	%	18.2	%	67,928			61,553			10.4	%
	Net Interest Income	146,809			141,563			137,579			132,237			130,565			3.7	%	12.4	%	425,951			388,535			9.6	%
	Provision for credit losses	5,075			6,700			4,800			5,000			4,141			(24.3	)%	22.6	%	16,575			8,182			102.6	%
	Net Interest Income after Provision	141,734			134,863			132,779			127,237			126,424			5.1	%	12.1	%	409,376			380,353			7.6	%
Non-Interest Income:
	Service charges on deposit accounts	13,022			12,914			12,400			12,814			13,078			0.8	%	(0.4	)%	38,336			38,532			(0.5	)%
	Other service charges and fees	12,251			14,342			12,437			13,333			14,407			(14.6	)%	(15.0	)%	39,030			38,140			2.3	%
	Investment management and trust services	12,157			12,132			11,808			11,610			11,425			0.2	%	6.4	%	36,097			33,660			7.2	%
	Mortgage banking income	4,805			6,141			4,596			6,959			4,529			(21.8	)%	6.1	%	15,542			12,456			24.8	%
	Other	5,142			5,406			4,326			6,514			4,708			(4.9	)%	9.2	%	14,874			13,610			9.3	%
	Non-Interest Income before Investment Securities Gains	47,377			50,935			45,567			51,230			48,147			(7.0	)%	(1.6	)%	143,879			136,398			5.5	%
	Investment securities gains	4,597			1,436			1,106			1,525			2			N/M		N/M		7,139			1,025			N/M
	Total Non-Interest Income	51,974			52,371			46,673			52,755			48,149			(0.8	)%	7.9	%	151,018			137,423			9.9	%
Non-Interest Expense:
	Salaries and employee benefits	72,894			74,496			69,236			73,256			70,696			(2.2	)%	3.1	%	216,626			210,097			3.1	%
	Net occupancy expense	12,180			12,316			12,663			11,798			11,782			(1.1	)%	3.4	%	37,159			35,813			3.8	%
	Data processing and software	10,301			9,054			8,979			9,442			8,727			13.8	%	18.0	%	28,334			27,477			3.1	%
	Other outside services	6,582			7,708			5,546			6,536			5,783			(14.6	)%	13.8	%	19,836			17,347			14.3	%
	Amortization of tax credit investments	3,503			3,151			998			—			—			11.2	%	100.0	%	7,652			—			100.0	%
	Professional fees	3,388			2,931			2,737			2,783			2,535			15.6	%	33.6	%	9,056			8,221			10.2	%
	Equipment expense	3,298			3,034			3,359			3,408			3,137			8.7	%	5.1	%	9,691			9,380			3.3	%
	FDIC insurance expense	3,007			2,366			2,058			2,067			1,791			27.1	%	67.9	%	7,431			7,700			(3.5	)%
	Marketing	2,089			2,234			1,986			1,730			1,774			(6.5	)%	17.8	%	6,309			5,314			18.7	%
	Other	14,915			15,405			14,713			16,601			13,623			(3.2	)%	9.5	%	45,033			40,549			11.1	%
	Total Non-Interest Expense	132,157			132,695			122,275			127,621			119,848			(0.4	)%	10.3	%	387,127			361,898			7.0	%
	Income Before Income Taxes	61,551			54,539			57,177			52,371			54,725			12.9	%	12.5	%	173,267			155,878			11.2	%
	Income tax expense	12,646			9,072			13,797			10,221			13,257			39.4	%	(4.6	)%	35,515			36,403			(2.4	)%
	Net Income	$	48,905		$	45,467		$	43,380		$	42,150		$	41,468		7.6	%	17.9	%	$	137,752		$	119,475		15.3	%
PER SHARE:
	Net income:
	Basic	$	0.28		$	0.26		$	0.25		$	0.24		$	0.24		7.7	%	16.7	%	$	0.79		$	0.69		14.5	%
	Diluted	0.28			0.26			0.25			0.24			0.24			7.7	%	16.7	%	0.78			0.69			13.0	%
	Cash dividends	$	0.11		$	0.11		$	0.11		$	0.12		$	0.10		—	%	10.0	%	$	0.33		$	0.29		13.8	%
	Shareholders' equity	12.71			12.54			12.36			12.19			12.30			1.4	%	3.3	%	12.71			12.30			3.3	%
	Shareholders' equity (tangible)	9.68			9.50			9.31			9.13			9.23			1.9	%	4.9	%	9.68			9.23			4.9	%
	Weighted average shares (basic)	174,991			174,597			174,150			173,554			173,020			0.2	%	1.1	%	174,582			173,248			0.8	%
	Weighted average shares (diluted)	176,216			175,532			175,577			174,874			174,064			0.4	%	1.2	%	175,776			174,265			0.9	%
	Shares outstanding, end of period	175,057			174,740			174,343			174,040			173,144			0.2	%	1.1	%	175,057			173,144			1.1	%
SELECTED FINANCIAL RATIOS:
	Return on average assets	0.98		%	0.94		%	0.92		%	0.89		%	0.89		%					0.95		%	0.87		%
	Return on average shareholders' equity	8.76		%	8.36		%	8.22		%	7.86		%	7.78		%					8.45		%	7.64		%
	Return on average shareholders' equity (tangible)	11.52		%	11.06		%	10.93		%	10.47		%	10.38		%					11.18		%	10.24		%
	Net interest margin	3.27		%	3.29		%	3.26		%	3.15		%	3.14		%					3.27		%	3.19		%
	Efficiency ratio	64.30		%	65.33		%	64.23		%	67.60		%	65.16		%					64.63		%	67.01		%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three Months Ended
		September 30, 2017								June 30, 2017								September 30, 2016
		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	$	15,392,067		$	159,454		4.12%		$	15,127,205		$	152,649		4.05%		$	14,212,250		$	140,434		3.93%
	Taxable investment securities	2,115,931			11,423			2.01%		2,090,120			11,473			2.12%		2,110,084			10,872			2.06%
	Tax-exempt investment securities	408,594			4,492			4.40%		404,680			4,394			4.34%		344,231			3,923			4.56%
	Equity securities	8,709			143			6.52%		10,759			148			5.52%		14,209			196			5.50%
	Total Investment Securities	2,533,234			16,058			2.53%		2,505,559			16,015			2.56%		2,468,524			14,991			2.43%
	Loans held for sale	22,456			243			4.33%		19,750			201			4.07%		22,593			210			3.72%
	Other interest-earning assets	590,676			1,667			1.12%		324,719			802			0.99%		501,666			1,051			0.84%
	Total Interest-earning Assets	18,538,433			177,422			3.80%		17,977,233			169,667			3.78%		17,205,033			156,686			3.63%
Noninterest-earning assets:
	Cash and due from banks	101,643								103,078								101,927
	Premises and equipment	220,129								218,075								227,906
	Other assets	1,186,622								1,174,745								1,219,844
	Less: allowance for loan losses	(174,101		)						(172,156		)						(163,074		)
	Total Assets	$	19,872,726							$	19,300,975							$	18,591,636
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,943,118		$	3,847		0.39%		$	3,690,059		$	2,780		0.30%		$	3,602,448		$	1,706		0.19%
	Savings deposits	4,603,155			3,962			0.34%		4,315,495			2,710			0.25%		4,078,942			2,042			0.20%
	Brokered deposits	89,767			277			1.23%		—			—			—%		—			—			—%
	Time deposits	2,744,532			7,937			1.15%		2,696,033			7,394			1.10%		2,814,258			7,562			1.07%
	Total Interest-bearing Deposits	11,380,572			16,023			0.56%		10,701,587			12,884			0.48%		10,495,648			11,310			0.43%
	Short-term borrowings	402,341			578			0.57%		633,102			974			0.61%		426,369			254			0.23%
	FHLB advances and long-term debt	1,038,062			8,100			3.11%		1,070,845			8,460			3.16%		965,228			9,338			3.86%
	Total Interest-bearing Liabilities	12,820,975			24,701			0.77%		12,405,534			22,318			0.72%		11,887,245			20,902			0.70%
Noninterest-bearing liabilities:
	Demand deposits	4,494,897								4,387,517								4,227,639
	Other	341,465								326,735								356,156
	Total Liabilities	17,657,337								17,119,786								16,471,040
	Shareholders' equity	2,215,389								2,181,189								2,120,596
	Total Liabilities and Shareholders' Equity	$	19,872,726							$	19,300,975							$	18,591,636
	Net interest income/net interest margin (fully taxable equivalent)				152,721			3.27%					147,349			3.29%					135,784			3.14%
	Tax equivalent adjustment				(5,912		)						(5,786		)						(5,219		)
	Net interest income				$	146,809							$	141,563							$	130,565
	(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
	Note: The weighted average interest rate on total average interest-bearing liabilities and average non-interest bearing demand deposits (“cost of funds”) was 0.57%, 0.53% and 0.52% for the three months ended September 30, 2017, June 30, 2017 and September 30, 2016, respectively.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Three Months Ended														% Change from
		Sep 30			Jun 30			Mar 31		Dec 31			Sep 30			Jun 30		Sep 30
		2017			2017			2017		2016			2016			2017		2016
Loans, by type:
	Real estate - commercial mortgage	$	6,208,630		$	6,163,844		$	6,039,140	$	5,828,313		$	5,670,888		0.7	%	9.5		%
	Commercial - industrial, financial and agricultural	4,257,075			4,221,025			4,205,070		4,081,498			4,066,275			0.9	%	4.7		%
	Real estate - residential mortgage	1,841,559			1,707,929			1,637,669		1,572,895			1,503,209			7.8	%	22.5		%
	Real estate - home equity	1,569,898			1,587,680			1,613,249		1,633,668			1,640,913			(1.1	)%	(4.3		)%
	Real estate - construction	943,029			897,321			840,968		845,528			837,920			5.1	%	12.5		%
	Consumer	318,546			300,966			284,352		289,864			281,517			5.8	%	13.2		%
	Leasing and other	253,330			248,440			237,114		224,050			211,528			2.0	%	19.8		%
	Total Loans, net of unearned income	$	15,392,067		$	15,127,205		$	14,857,562	$	14,475,816		$	14,212,250		1.8	%	8.3		%
Deposits, by type:
	Noninterest-bearing demand	$	4,494,897		$	4,387,517		$	4,301,727	$	4,331,894		$	4,227,639		2.4	%	6.3		%
	Interest-bearing demand	3,943,118			3,690,059			3,650,931		3,714,391			3,602,448			6.9	%	9.5		%
	Savings and money market accounts	4,603,155			4,315,495			4,194,216		4,216,090			4,078,942			6.7	%	12.9		%
	Total demand and savings	13,041,170			12,393,071			12,146,874		12,262,375			11,909,029			5.2	%	9.5		%
	Brokered deposits	89,767			—			—		—			—			—	%	—		%
	Time deposits	2,744,532			2,696,033			2,739,453		2,777,203			2,814,258			1.8	%	(2.5		)%
	Total Deposits	$	15,875,469		$	15,089,104		$	14,886,327	$	15,039,578		$	14,723,287		5.2	%	7.8		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	176,415		$	199,657		$	199,403	$	200,126		$	187,587		(11.6	)%	(6.0		)%
	Customer short-term promissory notes	80,147			77,554			79,985		67,355			70,072			3.3	%	14.4		%
	Federal funds purchased	90,453			242,375			308,220		40,613			148,546			(62.7	)%	(39.1		)%
	Short-term FHLB advances and other borrowings	55,326			113,516			124,889		—			20,163			(51.3	)%	N/M
	Total Short-term Borrowings	$	402,341		$	633,102		$	712,497	$	308,094		$	426,368		(36.4	)%	(5.6		)%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Nine Months Ended September 30
		2017								2016
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	15,127,569		$	458,753		4.05	%	$	14,011,301		$	416,646		3.97	%
	Taxable investment securities	2,117,127			34,811			2.11	%	2,139,378			34,034			2.12	%
	Tax-exempt investment securities	405,728			13,268			4.36	%	306,298			10,631			4.63	%
	Equity securities	10,391			467			6.01	%	14,272			599			5.60	%
	Total Investment Securities	2,533,246			48,546			2.56	%	2,459,948			45,264			2.45	%
	Loans held for sale	19,378			631			4.34	%	18,114			529			3.90	%
	Other interest-earning assets	410,250			3,311			1.08	%	406,163			2,813			0.92	%
	Total Interest-earning Assets	18,090,443			511,241			3.78	%	16,895,526			465,252			3.68	%
Noninterest-earning assets:
	Cash and due from banks	107,029								100,417
	Premises and equipment	218,700								227,237
	Other assets	1,170,466								1,182,260
	Less: allowance for loan losses	(172,145		)						(164,999		)
	Total Assets	$	19,414,493							$	18,240,441
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,762,439		8,865			0.32	%	$	3,498,659		4,727			0.18	%
	Savings deposits	4,372,453			8,883			0.27	%	4,000,871			5,732			0.19	%
	Brokered deposits	30,251			277			1.23	%	—			—			—	%
	Time deposits	2,726,693			22,684			1.11	%	2,842,011			22,465			1.06	%
	Total Interest-bearing Deposits	10,891,836			40,709			0.50	%	10,341,541			32,924			0.43	%
	Short-term borrowings	581,511			2,407			0.55	%	425,151			739			0.23	%
	FHLB advances and long-term debt	1,033,159			24,812			3.21	%	962,997			27,889			3.86	%
	Total Interest-bearing Liabilities	12,506,506			67,928			0.73	%	11,729,689			61,552			0.70	%
Noninterest-bearing liabilities:
	Demand deposits	4,395,421								4,091,555
	Other	333,250								329,315
	Total Liabilities	17,235,177								16,150,559
	Shareholders' equity	2,179,316								2,089,882
	Total Liabilities and Shareholders' Equity	$	19,414,493							$	18,240,441
	Net interest income/net interest margin (fully taxable equivalent)				443,313			3.27	%				403,700			3.19	%
	Tax equivalent adjustment				(17,362		)						(15,165		)
	Net interest income				$	425,951							$	388,535
(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
Note: The weighted average interest rate on total average interest-bearing liabilities and average non-interest bearing demand deposits (“cost of funds”) was 0.54% and 0.52% for the nine months ended September 30, 2017 and 2016, respectively.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Nine Months Ended
		September 30
		2017			2016			% Change
Loans, by type:
	Real estate - commercial mortgage	$	6,137,824		$	5,572,356		10.1	%
	Commercial - industrial, financial and agricultural	4,227,918			4,080,638			3.6	%
	Real estate - residential mortgage	1,729,799			1,428,430			21.1	%
	Real estate - home equity	1,590,117			1,656,969			(4.0	)%
	Real estate - construction	894,146			817,014			9.4	%
	Consumer	301,414			272,402			10.7	%
	Leasing and other	246,351			183,492			34.3	%
	Total Loans, net of unearned income	$	15,127,569		$	14,011,301		8.0	%
Deposits, by type:
	Noninterest-bearing demand	$	4,395,421		$	4,091,555		7.4	%
	Interest-bearing demand	3,762,439			3,498,659			7.5	%
	Savings and money market accounts	4,372,453			4,000,871			9.3	%
	Total demand and savings	12,530,313			11,591,085			8.1	%
	Brokered deposits	30,251			—			—	%
	Time deposits	2,726,693			2,842,011			(4.1	)%
	Total Deposits	$	15,287,257		$	14,433,096		5.9	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	192,015		$	179,892		6.7	%
	Customer short-term promissory notes	78,955			73,859			6.9	%
	Federal funds purchased	212,885			156,812			35.8	%
	Short-term FHLB advances and other borrowings	97,656			14,588			N/M
	Total Short-term Borrowings	$	581,511		$	425,151		36.8	%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three Months Ended															Nine Months Ended
		Sep 30			Jun 30			Mar 31			Dec 31			Sep 30			Sep 30			Sep 30
		2017			2017			2017			2016			2016			2017			2016
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	174,998		$	172,647		$	171,325		$	165,169		$	165,108		$	171,325		$	171,412
	Loans charged off:
	Commercial - industrial, financial and agricultural	(2,714		)	(5,353		)	(5,527		)	(1,319		)	(3,144		)	(13,594		)	(13,957		)
	Consumer and home equity	(920		)	(1,022		)	(1,554		)	(2,156		)	(1,394		)	(3,496		)	(5,556		)
	Real estate - construction	(2,744		)	(774		)	(247		)	—			(150		)	(3,765		)	(1,218		)
	Real estate - commercial mortgage	(483		)	(242		)	(1,224		)	(174		)	(1,350		)	(1,949		)	(3,406		)
	Real estate - residential mortgage	(195		)	(124		)	(216		)	(116		)	(802		)	(535		)	(2,210		)
	Leasing and other	(739		)	(1,200		)	(639		)	(589		)	(832		)	(2,578		)	(3,226		)
	Total loans charged off	(7,795		)	(8,715		)	(9,407		)	(4,354		)	(7,672		)	(25,917		)	(29,573		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	665			1,974			4,191			2,192			1,539			6,830			6,789
	Consumer and home equity	445			685			373			580			463			1,503			1,886
	Real estate - construction	629			373			548			1,080			898			1,550			2,844
	Real estate - commercial mortgage	106			934			450			885			296			1,490			2,488
	Real estate - residential mortgage	219			151			230			288			228			600			784
	Leasing and other	407			249			137			485			168			793			357
	Recoveries of loans previously charged off	2,471			4,366			5,929			5,510			3,592			12,766			15,148
Net loans recovered (charged off)		(5,324		)	(4,349		)	(3,478		)	1,156			(4,080		)	(13,151		)	(14,425		)
Provision for credit losses		5,075			6,700			4,800			5,000			4,141			16,575			8,182
Balance at end of period		$	174,749		$	174,998		$	172,647		$	171,325		$	165,169		$	174,749		$	165,169
Net charge-offs (recoveries) to average loans (annualized)		0.14		%	0.11		%	0.09		%	(0.03		)%	0.11		%	0.12		%	0.14		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	123,345		$	122,600		$	117,264		$	120,133		$	124,017
	Loans 90 days past due and accruing	13,124			13,143			14,268			11,505			14,095
	Total non-performing loans	136,469			135,743			131,532			131,638			138,112
	Other real estate owned	10,542			11,432			11,906			12,815			11,981
	Total non-performing assets	$	147,011		$	147,175		$	143,438		$	144,453		$	150,093
NON-PERFORMING LOANS, BY TYPE:
	Commercial - industrial, financial and agricultural	$	54,209		$	51,320		$	43,826		$	43,460		$	47,330
	Real estate - commercial mortgage	34,650			32,576			36,713			39,319			39,631
	Real estate - residential mortgage	21,643			21,846			23,597			23,655			23,451
	Real estate - construction	13,415			16,564			13,550			9,842			11,223
	Consumer and home equity	12,472			13,156			13,408			15,045			16,426
	Leasing	80			281			438			317			51
	Total non-performing loans	$	136,469		$	135,743		$	131,532		$	131,638		$	138,112
TROUBLED DEBT RESTRUCTURINGS (TDRs), BY TYPE:
	Real-estate - residential mortgage	$	26,193		$	26,368		$	27,033		$	27,617		$	26,854
	Real-estate - commercial mortgage	14,439			13,772			15,237			15,957			16,085
	Consumer and home equity	14,822			12,064			9,638			8,633			7,707
	Commercial - industrial, financial and agricultural	7,512			8,086			7,441			6,627			7,488
	Real estate - construction	169			1,475			273			726			843
	Total accruing TDRs	$	63,135		$	61,765		$	59,622		$	59,560		$	58,977
	Non-accrual TDRs (1)	28,742			29,373			27,220			27,850			27,904
	Total TDRs	$	91,877		$	91,138		$	86,842		$	87,410		$	86,881
(1) Included within non-accrual loans above.

DELINQUENCY RATES, BY TYPE:		Total Delinquency %
		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
		2017		2017		2017		2016		2016
	Real estate - commercial mortgage	0.75	%	0.66	%	0.78	%	0.78	%	0.87	%
	Commercial - industrial, financial and agricultural	1.54	%	1.43	%	1.25	%	1.31	%	1.48	%
	Real estate - construction	1.50	%	1.82	%	1.99	%	1.29	%	1.61	%
	Real estate - residential mortgage	2.25	%	2.08	%	2.44	%	2.74	%	2.67	%
	Consumer, home equity, leasing and other	1.38	%	1.34	%	1.22	%	1.45	%	1.53	%
	Total	1.28	%	1.20	%	1.23	%	1.27	%	1.38	%
ASSET QUALITY RATIOS:
		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
		2017		2017		2017		2016		2016
	Non-accrual loans to total loans	0.80	%	0.80	%	0.78	%	0.82	%	0.86	%
	Non-performing loans to total loans	0.88	%	0.88	%	0.88	%	0.90	%	0.96	%
	Non-performing assets to total loans and OREO	0.95	%	0.96	%	0.96	%	0.98	%	1.04	%
	Non-performing assets to total assets	0.73	%	0.75	%	0.75	%	0.76	%	0.80	%
	Allowance for credit losses to loans outstanding	1.13	%	1.14	%	1.15	%	1.17	%	1.15	%
	Allowance for credit losses to non-performing loans	128.05	%	128.92	%	131.26	%	130.15	%	119.59	%
	Non-performing assets to tangible common shareholders' equity and allowance for credit losses	7.87	%	8.02	%	7.99	%	8.20	%	8.51	%

FULTON FINANCIAL CORPORATION
RECONCILIATION OF 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
		Sep 30			Jun 30			Mar 31			Dec 31			Sep 30			Sep 30			Sep 30
		2017			2017			2017			2016			2016			2017			2016
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,225,786		$	2,191,770		$	2,154,683		$	2,121,115		$	2,129,436
Less: Goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)
Tangible shareholders' equity (numerator)		$	1,694,230		$	1,660,214		$	1,623,127		$	1,589,559		$	1,597,880
Shares outstanding, end of period (denominator)		175,057			174,740			174,343			174,040			173,144
Shareholders' equity (tangible), per share		$	9.68		$	9.50		$	9.31		$	9.13		$	9.23
Return on average shareholders' equity (tangible)
Net income - Numerator		$	48,905		$	45,467		$	43,380		$	42,150		$	41,468		$	137,752		$	119,475
Average shareholders' equity		$	2,215,389		$	2,181,189		$	2,140,547		$	2,132,655		$	2,120,596		$	2,179,316		$	2,089,882
Less: Average goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)
Average tangible shareholders' equity (denominator)		$	1,683,833		$	1,649,633		$	1,608,991		$	1,601,099		$	1,589,040		$	1,647,760		$	1,558,326
Return on average shareholders' equity (tangible), annualized		11.52		%	11.06		%	10.93		%	10.47		%	10.38		%	11.18		%	10.24		%
Efficiency ratio
Non-interest expense		$	132,157		$	132,695		$	122,275		$	127,621		$	119,848		$	387,127		$	361,898
Less: Amortization on tax credit investments (1)		(3,503		)	(3,151		)	(998		)	—			—			(7,652		)	—
Non-interest expense - Numerator		$	128,654		$	129,544		$	121,277		$	127,621		$	119,848		$	379,475		$	361,898
Net interest income (fully taxable equivalent)		$	152,721		$	147,349		$	143,243		$	137,571		$	135,784		$	443,313		$	403,700
Plus: Total Non-interest income		51,974			52,371			46,673			52,755			48,149			151,018			137,423
Less: Investment securities gains		(4,597		)	(1,436		)	(1,106		)	(1,525		)	(2		)	(7,139		)	(1,025		)
Denominator		$	200,098		$	198,284		$	188,810		$	188,801		$	183,931		$	587,192		$	540,098
Efficiency ratio		64.30		%	65.33		%	64.23		%	67.60		%	65.16		%	64.63		%	67.01		%
Non-performing assets to tangible shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	147,011		$	147,175		$	143,438		$	144,453		$	150,093
Tangible shareholders' equity		$	1,694,230		$	1,660,214		1,623,127			1,589,559			$	1,597,880
Plus: Allowance for credit losses		174,749			174,998			172,647			171,325			165,169
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,868,979		$	1,835,212		$	1,795,774		$	1,760,884		$	1,763,049
Non-performing assets to tangible shareholders' equity and allowance for credit losses		7.87		%	8.02		%	7.99		%	8.20		%	8.51		%
Pre-provision net revenue
Net interest income		$	146,809		$	141,563		$	137,579		$	132,237		$	130,565		$	425,951		$	388,535
Non-interest income		51,974			52,371			46,673			52,755			48,149			151,018			137,423
Less: Investment securities gains		(4,597		)	(1,436		)	(1,106		)	(1,525		)	(2		)	(7,139		)	(1,025		)
Total revenue		$	194,186		$	192,498		$	183,146		$	183,467		$	178,712		$	569,830		$	524,933
Non-interest expense		$	132,157		$	132,695		$	122,275		$	127,621		$	119,848		$	387,127		$	361,898
Less: Amortization on tax credit investments (1)		(3,503		)	(3,151		)	(998		)	—			—			(7,652		)	—
Total non-interest expense		$	128,654		$	129,544		$	121,277		$	127,621		$	119,848		$	379,475		$	361,898
Pre-provision net revenue		$	65,532		$	62,954		$	61,869		$	55,846		$	58,864		$	190,355		$	163,035
(1) Amortization expense for tax credit investments that are considered to be affordable housing projects under applicable accounting guidance is included in income taxes. Amortization expense for other tax credit investments that are not considered to be affordable housing projects is included in non-interest expense. If amortization expense for all tax credit investments were recorded in income taxes, the effective tax rate for the quarter ended September 30, 2017 would have been 26.2% vs 20.5%.