Fulton Financial (FULT) 8-K Fulton Financial reports second quarter net income of $59.8 million, or $0.35 per diluted share

FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
in thousands, except per-share data and percentages
	Three Months Ended
	Jun 30			Mar 31			Dec 31			Sep 30			Jun 30
	2019			2019			2018			2018			2018
Ending Balances
Investments	$	2,853,358		$	2,748,249		$	2,686,973		$	2,635,413		$	2,593,283
Loans, net of unearned income	16,368,458			16,262,633			16,165,800			15,925,093			15,792,969
Total assets	21,308,670			20,974,649			20,682,152			20,364,810			20,172,539
Deposits	16,388,895			16,377,978			16,376,159			16,249,014			15,599,799
Shareholders' equity	2,308,798			2,301,019			2,247,573			2,283,014			2,245,785
Average Balances
Investments	$	2,790,392		$	2,699,130		$	2,646,266		$	2,596,414		$	2,601,705
Loans, net of unearned income	16,316,076			16,194,375			15,965,637			15,862,143			15,768,377
Total assets	21,057,030			20,690,365			20,512,130			20,273,232			20,063,375
Deposits	16,375,456			16,275,633			16,413,066			15,967,234			15,517,425
Shareholders' equity	2,301,258			2,265,097			2,281,669			2,269,093			2,246,904
Income Statement
Net interest income	$	164,544		$	163,315		$	162,944		$	160,127		$	156,067
Provision for credit losses	5,025			5,100			8,200			1,620			33,117
Non-interest income	54,315			46,751			49,523			51,033			49,094
Non-interest expense	144,168			137,824			140,685			135,413			133,345
Income before taxes	69,666			67,142			63,582			74,127			38,699
Net income	59,779			56,663			58,083			65,633			35,197
Pre-provision net revenue(1)	76,114			73,775			78,320			77,370			73,449
Per Share
Net income (basic)	$	0.36		$	0.33		$	0.33		$	0.37		$	0.20
Net income (diluted)	$	0.35		$	0.33		$	0.33		$	0.37		$	0.20
Cash dividends	$	0.13		$	0.13		$	0.16		$	0.12		$	0.12
Tangible common equity(1)	10.63			10.39			10.08			9.95			9.75
Weighted average shares (basic)	168,343			169,884			174,571			175,942			175,764
Weighted average shares (diluted)	169,168			170,909			175,473			177,128			176,844
Asset Quality
Net charge-offs (recoveries) to average loans (annualized)	(0.04		)%	0.10		%	0.17		%	0.08		%	1.01		%
Non-performing loans to total loans	0.90		%	0.85		%	0.86		%	0.75		%	0.78		%
Non-performing assets to total assets	0.73		%	0.70		%	0.73		%	0.64		%	0.67		%
Allowance for credit losses to loans outstanding	1.08		%	1.05		%	1.05		%	1.05		%	1.07		%
Allowance for loan losses to loans outstanding	1.04		%	1.00		%	0.99		%	0.99		%	0.99		%
Allowance for credit losses to non-performing loans	120		%	123%			121		%	140		%	137		%
Allowance for loan losses to non-performing loans	115		%	117%			115		%	131		%	126		%
Non-performing assets to tangible shareholders' equity      and allowance for credit losses(1)	7.94		%	7.63		%	7.97		%	6.81		%	7.16		%

Profitability
Return on average assets	1.14	%	1.11	%	1.12	%	1.28	%	0.70	%
Return on average shareholders' equity	10.42		10.15%		10.10%		11.48%		6.28%
Return on average shareholders' equity (tangible)(1)	13.60		13.28%		13.17%		14.99%		8.23%
Net interest margin	3.44	%	3.49	%	3.44	%	3.42	%	3.39	%
Efficiency ratio(1)	64.2	%	63.9	%	62.2	%	62.5	%	63.3	%
Capital Ratios
Tangible common equity ratio(1)	8.54	%	8.64	%	8.52	%	8.83	%	8.73	%
Tier 1 leverage ratio(2)	8.89	%	8.92		9.01%		9.34		9.20%
Common equity Tier 1 capital ratio(2)	9.94	%	10.16	%	10.22	%	10.80	%	10.60	%
Tier 1 capital ratio(2)	9.94	%	10.16	%	10.22	%	10.80	%	10.60	%
Total risk-based capital ratio(2)	12.42	%	12.63	%	12.75	%	13.34	%	13.18	%
(1) Please refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this document.
(2) Regulatory capital ratios as of June 30, 2019 are preliminary and remaining periods are actual.

Exhibit 99.2
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
																	% Change from
		Jun 30			Mar 31			Dec 31			Sep 30			Jun 30			Mar 31		Jun 30
		2019			2019			2018			2018			2018			2019		2018
ASSETS
	Cash and due from banks	$	107,091		$	115,884		$	103,436		$	90,361		$	99,742		(7.6	)%	7.4	%
	Other interest-earning assets	488,968			411,037			421,534			388,256			364,802			19.0	%	34.0	%
	Loans held for sale	45,754			27,768			27,099			27,525			35,898			64.8	%	27.5	%
	Investment securities	2,853,358			2,748,249			2,686,973			2,635,413			2,593,283			3.8	%	10.0	%
	Loans, net of unearned income	16,368,458			16,262,633			16,165,800			15,925,093			15,792,969			0.7	%	3.6	%
	Allowance for loan losses	(170,233		)	(162,109		)	(160,537		)	(157,810		)	(156,050		)	5.0	%	9.1	%
	Net loans	16,198,225			16,100,524			16,005,263			15,767,283			15,636,919			0.6	%	3.6	%
	Premises and equipment	243,300			239,004			234,529			231,236			230,195			1.8	%	5.7	%
	Accrued interest receivable	62,984			62,207			58,879			58,584			55,208			1.2	%	14.1	%
	Goodwill and intangible assets	535,249			535,356			531,556			531,556			531,556			—	%	0.7	%
	Other assets	773,741			734,620			612,883			634,596			624,936			5.3	%	23.8	%
	Total Assets	$	21,308,670		$	20,974,649		$	20,682,152		$	20,364,810		$	20,172,539		1.6	%	5.6	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	16,388,895		$	16,377,978		$	16,376,159		$	16,249,014		$	15,599,799		0.1	%	5.1	%
	Short-term borrowings	1,188,390			829,016			754,777			485,565			983,833			43.3	%	20.8	%
	Other liabilities	435,171			401,324			311,364			355,102			351,174			8.4	%	23.9	%
	FHLB advances and long-term debt	987,416			1,065,312			992,279			992,115			991,948			(7.3	)%	(0.5	)%
	Total Liabilities	18,999,872			18,673,630			18,434,579			18,081,796			17,926,754			1.7	%	6.0	%
	Shareholders' equity	2,308,798			2,301,019			2,247,573			2,283,014			2,245,785			0.3	%	2.8	%
	Total Liabilities and Shareholders' Equity	$	21,308,670		$	20,974,649		$	20,682,152		$	20,364,810		$	20,172,539		1.6	%	5.6	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	6,497,973		$	6,428,688		$	6,434,285		$	6,337,984		$	6,304,475		1.1	%	3.1	%
	Commercial - industrial, financial and agricultural	4,365,248			4,429,538			4,404,548			4,288,823			4,264,602			(1.5	)%	2.4	%
	Real estate - residential mortgage	2,451,966			2,313,908			2,251,044			2,173,548			2,094,530			6.0	%	17.1	%
	Real estate - home equity	1,386,974			1,413,500			1,452,137			1,469,152			1,491,395			(1.9	)%	(7.0	)%
	Real estate - construction	922,547			953,087			916,599			979,857			990,705			(3.2	)%	(6.9	)%
	Consumer	452,874			433,545			419,186			390,708			360,315			4.5	%	25.7	%
	Leasing and other	290,876			290,367			288,001			285,021			286,947			0.2	%	1.4	%
	Total Loans, net of unearned income	$	16,368,458		$	16,262,633		$	16,165,800		$	15,925,093		$	15,792,969		0.7	%	3.6	%
Deposits, by type:
	Noninterest-bearing demand	$	4,226,404		$	4,255,043		$	4,310,105		$	4,216,064		$	4,324,659		(0.7	)%	(2.3	)%
	Interest-bearing demand	4,083,615			4,207,442			4,240,974			4,289,181			3,854,680			(2.9	)%	5.9	%
	Savings and money market accounts	4,938,998			4,907,346			4,926,937			4,878,982			4,597,510			0.6	%	7.4	%
	Total demand and savings	13,249,017			13,369,831			13,478,016			13,384,227			12,776,849			(0.9	)%	3.7	%
	Brokered deposits	246,116			251,395			176,239			164,601			161,447			(2.1	)%	52.4	%
	Time deposits	2,893,762			2,756,752			2,721,904			2,700,186			2,661,503			5.0	%	8.7	%
	Total Deposits	$	16,388,895		$	16,377,978		$	16,376,159		$	16,249,014		$	15,599,799		0.1	%	5.1	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	56,496		$	54,440		$	43,499		$	82,741		$	152,594		3.8	%	(63.0	)%
	Customer short-term promissory notes	281,894			299,576			326,278			267,824			303,239			(5.9	)%	(7.0	)%
	Short-term FHLB advances	650,000			475,000			385,000			85,000			185,000			36.8	%	N/M
	Federal funds purchased	200,000			—			—			50,000			343,000			100.0	%	(41.7	)%
	Total Short-term Borrowings	$	1,188,390		$	829,016		$	754,777		$	485,565		$	983,833		43.3	%	20.8	%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
dollars in thousands
		Three Months Ended										% Change from				Six Months Ended
		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Mar 31		Jun 30		Jun 30
		2019		2019		2018		2018		2018		2019		2018		2019		2018		% Change
Interest Income:
	Interest income	$	210,034	$	204,700	$	200,609	$	194,048	$	186,170	2.6	%	12.8	%	$	414,734	$	363,857	14.0	%
	Interest expense	45,490		41,385		37,665		33,921		30,103		9.9	%	51.1	%	86,875		56,472		53.8	%
	Net Interest Income	164,544		163,315		162,944		160,127		156,067		0.8	%	5.4	%	327,859		307,385		6.7	%
	Provision for credit losses	5,025		5,100		8,200		1,620		33,117		(1.5	)%	(84.8	)%	10,125		37,087		(72.7	)%
	Net Interest Income after Provision	159,519		158,215		154,744		158,507		122,950		0.8	%	29.7	%	317,734		270,298		17.5	%
Non-Interest Income:
	Wealth management fees	14,153		13,239		13,408		13,066		12,803		6.9	%	10.5	%	27,392		25,674		6.7	%
	Mortgage banking income	6,593		4,772		4,774		4,896		5,163		38.2	%	27.7	%	11,365		9,356		21.5	%
	Consumer banking income:
	Card income	5,047		4,686		4,966		5,382		4,708		7.7	%	7.2	%	9,733		9,149		6.4	%
	Overdraft fees	4,413		4,104		4,653		4,443		4,268		7.5	%	3.4	%	8,517		8,509		0.1	%
	Other consumer banking income	2,907		2,587		2,799		2,840		2,955		12.4	%	(1.6	)%	5,494		5,682		(3.3	)%
	Total consumer banking income	12,367		11,377		12,418		12,665		11,931		8.7	%	3.7	%	23,744		23,340		1.7	%
	Commercial banking income:
	Merchant and card income	6,512		5,558		5,656		6,307		6,155		17.2	%	5.8	%	12,070		11,463		5.3	%
	Cash management fees	4,638		4,361		4,340		4,472		4,452		6.4	%	4.2	%	8,999		8,770		2.6	%
	Commercial loan interest rate swap fees	3,477		2,028		2,540		3,607		2,393		71.4	%	45.3	%	5,505		3,684		49.4	%
	Other commercial banking income	3,815		2,816		3,466		3,154		3,431		35.5	%	11.2	%	6,631		6,471		2.5	%
	Total commercial banking income	18,442		14,763		16,002		17,540		16,431		24.9	%	12.2	%	33,205		30,388		9.3	%
	Other income	2,584		2,535		2,921		2,852		2,762		1.9	%	(6.4	)%	5,119		6,188		(17.3	)%
	Non-interest income before investment securities gains	54,139		46,686		49,523		51,019		49,090		16.0	%	10.3	%	100,825		94,946		6.2	%
	Investment securities gains, net	176		65		—		14		4		N/M		N/M		241		23		N/M
	Total Non-Interest Income	54,315		46,751		49,523		51,033		49,094		16.2	%	10.6	%	101,066		94,969		6.4	%
Non-Interest Expense:
	Salaries and employee benefits	78,991		77,757		75,745		76,770		74,919		1.6	%	5.4	%	156,748		150,687		4.0	%
	Net occupancy expense	14,469		12,909		12,708		12,578		12,760		12.1	%	13.4	%	27,378		26,392		3.7	%
	Data processing and software	11,268		10,353		10,203		10,157		10,453		8.8	%	7.8	%	21,621		20,926		3.3	%
	Other outside services	11,259		8,352		8,944		9,122		7,568		34.8	%	48.8	%	19,611		15,692		25.0	%
	Professional fees	2,970		3,960		3,546		3,427		2,372		(25.0	)%	25.2	%	6,930		7,188		(3.6	)%
	Equipment expense	3,299		3,342		3,275		3,000		3,434		(1.3	)%	(3.9	)%	6,641		6,968		(4.7	)%
	FDIC insurance expense	2,755		2,609		2,563		2,814		2,663		5.6	%	3.5	%	5,364		5,616		(4.5	)%
	Marketing	2,863		2,160		1,577		2,692		2,335		32.5	%	22.6	%	5,023		4,585		9.6	%
	Amortization of tax credit investments	1,492		1,491		6,538		1,637		1,637		0.1	%	(8.9	)%	2,983		3,274		(8.9	)%
	Intangible amortization	107		107		—		—		—		—	%	100.0	%	214		—		100.0	%
	Other	14,695		14,784		15,586		13,216		15,204		(0.6	)%	(3.3	)%	29,479		28,678		2.8	%
	Total Non-Interest Expense	144,168		137,824		140,685		135,413		133,345		4.6	%	8.1	%	281,992		270,006		4.4	%
	Income Before Income Taxes	69,666		67,142		63,582		74,127		38,699		3.8	%	80.0	%	136,808		95,261		43.6	%
	Income tax expense	9,887		10,479		5,499		8,494		3,502		(5.6	)%	N/M		20,366		10,584		92.4	%
	Net Income	$	59,779	$	56,663	$	58,083	$	65,633	$	35,197	5.5	%	69.8	%	$	116,442	$	84,677	37.5	%
PER SHARE:
	Net income:
	Basic	$	0.36	$	0.33	$	0.33	$	0.37	$	0.20	9.1	%	80.0	%	$	0.69	$	0.48	43.8	%
	Diluted	0.35		0.33		0.33		0.37		0.20		6.1	%	75.0	%	0.68		0.48		41.7	%
	Cash dividends	0.13		0.13		0.16		0.12		0.12		—	%	8.3	%	$	0.26	$	0.24	8.3	%
	Weighted average shares (basic)	168,343		169,884		174,571		175,942		175,764		(0.9	)%	(4.2	)%	169,109		175,535		(3.7	)%
	Weighted average shares (diluted)	169,168		170,909		175,473		177,128		176,844		(1.0	)%	(4.3	)%	170,042		176,506		(3.7	)%
N/M - not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three Months Ended
		June 30, 2019								March 31, 2019								June 30, 2018
		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	$	16,316,076		$	190,694		4.69%		$	16,194,375		$	186,122		4.65%		$	15,768,377		$	170,006		4.32%
	Taxable investment securities	2,348,443			15,935			2.71%		2,285,724			15,435			2.70%		2,262,789			13,885			2.45%
	Tax-exempt investment securities	444,227			4,141			3.70%		444,132			4,150			3.71%		408,715			3,713			3.63%
	Total Investment Securities	2,792,670			20,076			2.87%		2,729,856			19,585			2.87%		2,671,504			17,598			2.63%
	Loans held for sale	24,568			350			5.71%		16,434			240			5.85%		22,237			284			5.11%
	Other interest-earning assets	409,617			2,168			2.12%		366,175			2,002			2.20%		316,381			1,243			1.57%
	Total Interest-earning Assets	19,542,931			213,288			4.37%		19,306,840			207,949			4.35%		18,778,499			189,131			4.04%
Noninterest-earning assets:
	Cash and due from banks	116,285								110,693								100,811
	Premises and equipment	240,666								237,124								232,048
	Other assets	1,321,057								1,197,034								1,112,913
	Less: allowance for loan losses	(163,909		)						(161,326		)						(160,896		)
	Total Assets	$	21,057,030							$	20,690,365							$	20,063,375
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	4,186,280		$	8,173		0.78%		$	4,153,984		$	7,519		0.73%		$	3,952,115		$	4,959		0.50%
	Savings deposits	4,925,788			10,550			0.86%		4,912,856			9,962			0.82%		4,538,083			5,545			0.49%
	Brokered deposits	246,154			1,582			2.58%		220,115			1,382			2.55%		85,242			396			1.87%
	Time deposits	2,816,424			12,245			1.74%		2,765,803			10,826			1.59%		2,660,411			8,385			1.26%
	Total Interest-bearing Deposits	12,174,646			32,550			1.07%		12,052,758			29,689			1.00%		11,235,850			19,285			0.69%
	Short-term borrowings	941,504			4,462			1.89%		820,054			3,582			1.76%		1,023,160			3,036			1.18%
	FHLB advances and long-term debt	1,051,919			8,480			3.23%		1,002,463			8,114			3.26%		945,177			7,783			3.30%
	Total Interest-bearing Liabilities	14,168,069			45,492			1.29%		13,875,275			41,385			1.21%		13,204,187			30,104			0.91%
Noninterest-bearing liabilities:
	Demand deposits	4,200,810								4,222,875								4,281,574
	Other	386,893								327,118								330,710
	Total Liabilities	18,755,772								18,425,268								17,816,471
	Shareholders' equity	2,301,258								2,265,097								2,246,904
	Total Liabilities and Shareholders' Equity	$	21,057,030							$	20,690,365							$	20,063,375
	Net interest income/net interest margin (fully taxable equivalent)				167,796			3.44%					166,564			3.49%					159,027			3.39%
	Tax equivalent adjustment				(3,252		)						(3,249		)						(2,960		)
	Net interest income				$	164,544							$	163,315							$	156,067
	(1) Presented on a fully taxable-equivalent basis using a 21% 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 0.99%, 0.93% and 0.69% for the three months ended June 30, 2019, March 31, 2019 and June 30, 2018, respectively.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Three Months Ended														% Change from
		Jun 30			Mar 31			Dec 31		Sep 30			Jun 30			Mar 31		Jun 30
		2019			2019			2018		2018			2018			2019		2018
Loans, by type:
	Real estate - commercial mortgage	$	6,424,213		$	6,378,145		$	6,343,024	$	6,309,663		$	6,298,534		0.7	%	2.0		%
	Commercial - industrial, financial and agricultural	4,440,860			4,462,609			4,329,937		4,304,320			4,335,097			(0.5	)%	2.4		%
	Real estate - residential mortgage	2,366,685			2,276,611			2,209,993		2,142,977			2,026,161			4.0	%	16.8		%
	Real estate - home equity	1,404,141			1,433,574			1,459,647		1,474,011			1,502,936			(2.1	)%	(6.6		)%
	Real estate - construction	943,080			930,246			931,724		969,575			978,327			1.4	%	(3.6		)%
	Consumer	445,666			424,480			406,436		375,656			345,572			5.0	%	29.0		%
	Leasing and other	291,431			288,710			284,876		285,941			281,750			0.9	%	3.4		%
	Total Loans, net of unearned income	$	16,316,076		$	16,194,375		$	15,965,637	$	15,862,143		$	15,768,377		0.8	%	3.5		%
Deposits, by type:
	Noninterest-bearing demand	$	4,200,810		$	4,222,875		$	4,321,776	$	4,298,020		$	4,281,574		(0.5	)%	(1.9		)%
	Interest-bearing demand	4,186,280			4,153,984			4,225,157		4,116,051			3,952,115			0.8	%	5.9		%
	Savings and money market accounts	4,925,788			4,912,856			4,979,712		4,718,148			4,538,083			0.3	%	8.5		%
	Total demand and savings	13,312,878			13,289,715			13,526,645		13,132,219			12,771,772			0.2	%	4.2		%
	Brokered deposits	246,154			220,115			164,280		162,467			85,242			11.8	%	N/M
	Time deposits	2,816,424			2,765,803			2,722,141		2,672,548			2,660,411			1.8	%	5.9		%
	Total Deposits	$	16,375,456		$	16,275,633		$	16,413,066	$	15,967,234		$	15,517,425		0.6	%	5.5		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	56,171		$	56,707		$	64,102	$	148,660		$	162,276		(0.9	)%	(65.4		)%
	Customer short-term promissory notes	288,696			312,092			310,296		298,896			316,049			(7.5	)%	(8.7		)%
	Federal funds purchased	181,769			157,122			43		145,793			398,297			15.7	%	(54.4		)%
	Short-term FHLB advances	414,868			294,133			130,109		130,783			146,538			41.0	%	N/M
	Total Short-term Borrowings	$	941,504		$	820,054		$	504,550	$	724,132		$	1,023,160		14.8	%	(8.0		)%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Six Months Ended June 30
		2019								2018
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	16,255,562		$	376,816		4.67	%	$	15,715,001		$	332,267		4.26	%
	Taxable investment securities	2,317,257			31,370			2.71	%	2,230,991			27,078			2.43	%
	Tax-exempt investment securities	444,180			8,291			3.71	%	410,761			7,466			3.64	%
	Equity securities	—			—			—	%	253			5			8.30	%
	Total Investment Securities	2,761,437			39,661			2.87	%	2,642,005			34,549			2.62	%
	Loans held for sale	20,523			590			5.76	%	21,132			500			4.73	%
	Other interest-earning assets	388,016			4,170			2.16	%	309,620			2,415			1.56	%
	Total Interest-earning Assets	$	19,425,538		421,237			4.36	%	$	18,687,758		369,731			3.98	%
Noninterest-earning assets:
	Cash and due from banks	113,504								103,258
	Premises and equipment	238,905								231,152
	Other assets	1,259,388								1,113,118
	Less: allowance for loan losses	(162,624		)						(165,035		)
	Total Assets	$	20,874,711							$	19,970,251
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	4,170,221		$	15,692		0.76	%	$	3,955,485		$	8,963		0.46	%
	Savings deposits	4,919,357			20,512			0.84	%	4,516,384			9,912			0.44	%
	Brokered deposits	233,206			2,964			2.56	%	79,665			671			1.70	%
	Time deposits	2,791,254			23,071			1.67	%	2,653,634			16,188			1.23	%
	Total Interest-bearing Deposits	12,114,038			62,239			1.04	%	11,205,168			35,734			0.64	%
	Short-term borrowings	881,115			8,044			1.83	%	960,348			5,077			1.06	%
	FHLB advances and long-term debt	1,027,328			16,594			3.24	%	966,129			15,661			3.25	%
	Total Interest-bearing Liabilities	14,022,481			86,877			1.25	%	13,131,645			56,472			0.87	%
Noninterest-bearing liabilities:
	Demand deposits	4,211,782								4,263,968
	Other	357,170								338,817
	Total Liabilities	18,591,433								17,734,430
	Shareholders' equity	2,283,278								2,235,821
	Total Liabilities and Shareholders' Equity	$	20,874,711							$	19,970,251
	Net interest income/net interest margin (fully taxable equivalent)				334,360			3.46	%				313,259			3.37	%
	Tax equivalent adjustment				(6,501		)						(5,874		)
	Net interest income				$	327,859							$	307,385
(1) Presented on a fully taxable-equivalent basis using a 21% 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 0.96% and 0.65% for the six months ended June 30, 2019 and 2018, respectively.
		Six Months Ended
		June 30
		2019			2018			% Change
Loans, by type:
	Real estate - commercial mortgage	$	6,401,305		$	6,302,157		1.6	%
	Commercial - industrial, financial and agricultural	4,451,677			4,311,994			3.2	%
	Real estate - residential mortgage	2,321,897			1,992,520			16.5	%
	Real estate - home equity	1,418,776			1,520,855			(6.7	)%
	Real estate - construction	936,699			981,269			(4.5	)%
	Consumer	435,131			330,831			31.5	%
	Leasing and other	290,077			275,375			5.3	%
	Total Loans, net of unearned income	$	16,255,562		$	15,715,001		3.4	%
Deposits, by type:
	Noninterest-bearing demand	$	4,211,782		$	4,263,968		(1.2	)%
	Interest-bearing demand	4,170,221			3,955,485			5.4	%
	Savings and money market accounts	4,919,357			4,516,384			8.9	%
	Total demand and savings	13,301,360			12,735,837			4.4	%
	Brokered deposits	233,206			79,665			N/M
	Time deposits	2,791,254			2,653,634			5.2	%
	Total Deposits	$	16,325,820		$	15,469,136		5.5	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	191,880		$	169,300		13.3	%
	Customer short-term promissory notes	300,329			312,407			(3.9	)%
	Federal funds purchased	169,514			389,111			(56.4	)%
	Short-term FHLB advances and other borrowings	219,392			89,530			N/M
	Total Short-term Borrowings	$	881,115		$	960,348		(8.3	)%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three Months Ended															Six Months Ended
		Jun 30			Mar 31			Dec 31			Sep 30			Jun 30			Jun 30			Jun 30
		2019			2019			2018			2018			2018			2019			2018
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	170,372		$	169,410		$	167,826		$	169,247		$	176,019		$	169,410		$	176,084
	Loans charged off:
	Commercial - industrial, financial and agricultural	(1,895		)	(2,787		)	(6,263		)	(3,541		)	(38,632		)	(4,682		)	(42,637		)
	Real estate - commercial mortgage	(230		)	(1,145		)	(762		)	(650		)	(366		)	(1,375		)	(633		)
	Consumer and home equity	(1,001		)	(902		)	(1,884		)	(1,415		)	(1,528		)	(1,903		)	(2,828		)
	Real estate - residential mortgage	(134		)	(655		)	(446		)	(483		)	(483		)	(789		)	(645		)
	Real estate - construction	(3		)	(95		)	(392		)	(212		)	(606		)	(98		)	(764		)
	Leasing and other	(448		)	(785		)	(889		)	(582		)	(545		)	(1,233		)	(1,050		)
	Total loans charged off	(3,711		)	(6,369		)	(10,636		)	(6,883		)	(42,160		)	(10,080		)	(48,557		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	2,680			1,243			2,647			731			541			3,923			1,616
	Real estate - commercial mortgage	169			136			94			928			321			305			600
	Consumer and home equity	802			407			684			607			717			1,209			1,102
	Real estate - residential mortgage	211			132			100			317			96			343			203
	Real estate - construction	1,245			84			415			664			444			1,329			750
	Leasing and other	148			229			80			595			152			377			362
	Recoveries of loans previously charged off	5,255			2,231			4,020			3,842			2,271			7,486			4,633
Net loans recovered charged off		1,544			(4,138		)	(6,616		)	(3,041		)	(39,889		)	(2,594		)	(43,924		)
Provision for credit losses		5,025			5,100			8,200			1,620			33,117			10,125			37,087
Balance at end of period		$	176,941		$	170,372		$	169,410		$	167,826		$	169,247		$	176,941		$	169,247
Net charge-offs to average loans (annualized)		(0.04		)%	0.10		%	0.17		%	0.08		%	1.01		%	0.03		%	0.56		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	133,118		$	127,141		$	128,572		$	106,433		$	111,116
	Loans 90 days past due and accruing	14,598			11,540			11,106			13,663			12,628
	Total non-performing loans	147,716			138,681			139,678			120,096			123,744
	Other real estate owned	7,241			9,012			10,518			10,684			11,181
	Total non-performing assets	$	154,957		$	147,693		$	150,196		$	130,780		$	134,925
NON-PERFORMING LOANS, BY TYPE:
	Commercial - industrial, financial and agricultural	$	47,260		$	50,148		$	51,269		$	43,391		$	44,045
	Real estate - commercial mortgage	43,850			29,817			32,153			37,393			39,278
	Real estate - residential mortgage	21,659			22,299			19,101			19,076			18,888
	Consumer and home equity	12,378			10,770			10,178			10,362			12,038
	Real estate - construction	4,632			7,039			7,390			9,784			9,319
	Leasing	17,937			18,608			19,587			90			176
	Total non-performing loans	$	147,716		$	138,681		$	139,678		$	120,096		$	123,744

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
		Jun 30			Mar 31			Dec 31			Sep 30			Jun 30
		2019			2019			2018			2018			2018
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,308,798		$	2,301,019		$	2,247,573		$	2,283,014		$	2,245,785
Less: Goodwill and intangible assets		(535,249		)	(535,356		)	(531,556		)	(531,556		)	(531,556		)
Tangible shareholders' equity (numerator)		$	1,773,549		$	1,765,663		$	1,716,017		$	1,751,458		$	1,714,229
Shares outstanding, end of period (denominator)		166,903			169,923			170,184			176,019			175,847
Shareholders' equity (tangible), per share		$	10.63		$	10.39		$	10.08		$	9.95		$	9.75
Return on average shareholders' equity (tangible)
Net income		$	59,779		$	56,663		$	58,083		$	65,633		$	35,197
Plus: Intangible amortization, net of tax		85			85			—			—			—
Net income (numerator)		$	59,864		$	56,748		$	58,083		$	65,633		$	35,197
Average shareholders' equity		$	2,301,258		$	2,265,097		$	2,281,669		$	2,269,093		$	2,246,904
Less: Average goodwill and intangible assets		(535,301		)	(531,767		)	(531,556		)	(531,556		)	(531,556		)
Average tangible shareholders' equity (denominator)		$	1,765,957		$	1,733,330		$	1,750,113		$	1,737,537		$	1,715,348
Return on average shareholders' equity (tangible), annualized		13.60		%	13.28		%	13.17		%	14.99		%	8.23		%
Tangible Common Equity to Tangible Assets (TCE Ratio)
Shareholders' equity		$	2,308,798		$	2,301,019		$	2,247,573		$	2,283,014		$	2,245,785
Less: Intangible assets		(535,249		)	(535,356		)	(531,556		)	(531,556		)	(531,556		)
Tangible shareholders' equity (numerator)		$	1,773,549		$	1,765,663		$	1,716,017		$	1,751,458		$	1,714,229
Total assets		$	21,308,670		$	20,974,649		$	20,682,152		$	20,364,810		$	20,172,539
Less: Intangible assets		(535,249		)	(535,356		)	(531,556		)	(531,556		)	(531,556		)
Total tangible assets (denominator)		$	20,773,421		$	20,439,293		$	20,150,596		$	19,833,254		$	19,640,983
Tangible Common Equity to Tangible Assets		8.54		%	8.64		%	8.52		%	8.83		%	8.73		%
Efficiency ratio
Non-interest expense		$	144,168		$	137,824		$	140,685		$	135,413		$	133,345
Less: Intangible amortization		(107		)	(107		)	—			—			—
Less: Amortization on tax credit investments		(1,492		)	(1,491		)	(6,538		)	(1,637		)	(1,637		)
Non-interest expense (numerator)		$	142,569		$	136,226		$	134,147		$	133,776		$	131,708
Net interest income (fully taxable equivalent)		$	167,796		$	166,564		$	166,123		$	163,194		$	159,027
Plus: Total Non-interest income		54,315			46,751			49,523			51,033			49,094
Less: Investment securities gains		(176		)	(65		)	—			(14		)	(4		)
Net interest income (denominator)		$	221,935		$	213,250		$	215,646		$	214,213		$	208,117
Efficiency ratio		64.2		%	63.9		%	62.2		%	62.5		%	63.3		%
Non-performing assets to tangible shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	154,957		$	147,693		$	150,196		$	130,780		$	134,925
Tangible shareholders' equity		$	1,773,549		$	1,765,663		1,716,017			1,751,458			$	1,714,229
Plus: Allowance for credit losses		176,941			170,372			169,410			167,826			169,247
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,950,490		$	1,936,035		$	1,885,427		$	1,919,284		$	1,883,476
Non-performing assets to tangible shareholders' equity and allowance for credit losses		7.94		%	7.63		%	7.97		%	6.81		%	7.16		%

Pre-provision net revenue
Net interest income	$	164,544		$	163,315		$	162,944		$	160,127		$	156,067
Non-interest income	54,315			46,751			49,523			51,033			49,094
Less: Investment securities gains	(176		)	(65		)	—			(14		)	(4		)
Total revenue	$	218,683		$	210,001		$	212,467		$	211,146		$	205,157
Non-interest expense	$	144,168		$	137,824		$	140,685		$	135,413		$	133,345
Less: Amortization on tax credit investments	(1,492		)	(1,491		)	(6,538		)	(1,637		)	(1,637		)
Less: Intangible amortization	(107		)	(107		)	—			—			—
Total non-interest expense	$	142,569		$	136,226		$	134,147		$	133,776		$	131,708
Pre-provision net revenue	$	76,114		$	73,775		$	78,320		$	77,370		$	73,449