Fulton Financial (FULT) 8-K Fulton Financial reports third quarter earnings

Exhibit 99.2

FULTON FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (UNAUDITED)
dollars in thousands, except per-share data

	September 30
BALANCE SHEET DATA	2007		2006		% Change
Total assets	$	15,438,177	$	14,910,652		3.5	%
Loans, net of unearned income		10,988,307		10,312,057		6.6	%
Investment securities		2,948,262		2,950,671		(0.1	%)
Deposits		10,291,186		10,277,028		0.1	%
Shareholders’ equity		1,554,120		1,497,693		3.8	%

										Nine Months Ended
	Quarter Ended September 30									September 30
INCOME SUMMARY	2007			2006			% Change			2007			2006			% Change
Interest income	$	238,740		$	229,101			4.2	%	$	699,508		$	634,959			10.2	%
Interest expense		(116,330	)		(103,177	)		12.7	%		(334,415	)		(271,141	)		23.3	%
Net interest income		122,410			125,924			(2.8	%)		365,093			363,818			0.4	%
Provision for loan losses		(4,606	)		(555	)		729.9	%		(8,263	)		(2,430	)		240.0	%
Investment securities (losses) gains		(134	)		1,450			(109.2	%)		2,277			5,524			(58.8	%)
Other income		36,877			35,462			4.0	%		110,536			103,997			6.3	%
Other expenses		(107,996	)		(92,425	)		16.8	%		(307,008	)		(271,234	)		13.2	%
Income before income taxes		46,551			69,856			(33.4	%)		162,635			199,675			(18.6	%)
Income taxes		(12,985	)		(21,514	)		(39.6	%)		(48,096	)		(60,753	)		(20.8	%)
Net income	$	33,566		$	48,342			(30.6	%)	$	114,539		$	138,922			(17.6	%)
PER-SHARE DATA:
Net income:
Basic	$	0.19		$	0.28			(32.1	%)	$	0.66		$	0.80			(17.5	%)
Diluted		0.19			0.28			(32.1	%)		0.66			0.80			(17.5	%)
Cash dividends		0.1500			0.1475			1.7	%		0.448			0.433			3.5	%
Shareholders’ equity		8.96			8.63			3.8	%
Shareholders’ equity (tangible)		5.17			4.82			7.3	%
SELECTED FINANCIAL RATIOS:
Return on average assets		0.88	%		1.31	%					1.03	%		1.32	%
Return on average shareholders’ equity		8.67	%		13.26	%					10.07	%		13.04	%
Return on average shareholders’ equity (tangible)		15.76	%		25.14	%					18.42	%		24.34	%
Net interest margin		3.62	%		3.85	%					3.69	%		3.88	%
Efficiency ratio		65.17	%		55.04	%					61.97	%		55.72	%
Non-performing assets to total assets		0.69	%		0.31	%

1

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands

										% Change from
	September 30			September 30			June 30			September 30			June 30
	2007			2006			2007			2006			2007
ASSETS
Cash and due from banks	$	337,306		$	338,598		$	381,714			(0.4	%)		(11.6	%)
Loans held for sale		116,451			236,787			185,471			(50.8	%)		(37.2	%)
Other interest-earning assets		19,673			35,884			14,367			(45.2	%)		36.9	%
Investment securities		2,948,262			2,950,671			2,750,394			(0.1	%)		7.2	%
Loans, net of unearned		10,988,307			10,312,057			10,713,819			6.6	%		2.6	%
Allowance for loan losses		(109,435	)		(107,422	)		(106,892	)		1.9	%		2.4	%
Net Loans		10,878,872			10,204,635			10,606,927			6.6	%		2.6	%
Premises and equipment		190,092			188,403			188,893			0.9	%		0.6	%
Accrued interest receivable		73,927			70,901			71,785			4.3	%		3.0	%
Goodwill and intangible assets		658,274			661,594			659,739			(0.5	%)		(0.2	%)
Other assets		215,320			223,179			219,125			(3.5	%)		(1.7	%)
Total Assets	$	15,438,177		$	14,910,652		$	15,078,415			3.5	%		2.4	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$	10,291,186		$	10,277,028		$	10,318,239			0.1	%		(0.3	%)
Short-term borrowings		1,773,083			1,833,644			1,496,407			(3.3	%)		18.5	%
Long-term debt		1,632,980			1,109,220			1,555,351			47.2	%		5.0	%
Other liabilities		186,808			193,067			176,758			(3.2	%)		5.7	%
Total Liabilities		13,884,057			13,412,959			13,546,755			3.5	%		2.5	%
Shareholders’ equity		1,554,120			1,497,693			1,531,660			3.8	%		1.5	%
Total Liabilities and Shareholders’ Equity	$	15,438,177		$	14,910,652		$	15,078,415			3.5	%		2.4	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
Commercial — industrial and financial	$	2,954,204		$	2,600,807		$	2,864,939			13.6	%		3.1	%
Commercial — agricultural		374,759			345,332			368,591			8.5	%		1.7	%
Real estate — commercial mortgage		3,407,715			3,174,623			3,331,676			7.3	%		2.3	%
Real estate — residential mortgage		809,148			677,994			731,966			19.3	%		10.5	%
Real estate — home equity		1,472,376			1,465,373			1,447,058			0.5	%		1.7	%
Real estate — construction		1,389,164			1,431,535			1,379,449			(3.0	%)		0.7	%
Consumer		500,021			529,741			505,365			(5.6	%)		(1.1	%)
Leasing and other		80,920			86,652			84,775			(6.6	%)		(4.5	%)
Total Loans, net of unearned income	$	10,988,307		$	10,312,057		$	10,713,819			6.6	%		2.6	%
Deposits, by type:
Noninterest-bearing demand	$	1,696,871		$	1,886,514		$	1,818,862			(10.1	%)		(6.7	%)
Interest-bearing demand		1,738,605			1,658,545			1,667,455			4.8	%		4.3	%
Savings deposits		2,195,363			2,351,041			2,292,257			(6.6	%)		(4.2	%)
Time deposits		4,660,347			4,380,928			4,539,665			6.4	%		2.7	%
Total Deposits	$	10,291,186		$	10,277,028		$	10,318,239			0.1	%		(0.3	%)
Short-term borrowings, by type:
Customer repurchase agreements	$	248,915		$	363,561		$	261,568			(31.5	%)		(4.8	%)
Federal funds purchased		842,476			1,183,447			830,327			(28.8	%)		1.5	%
Short-term promissory notes		476,249			236,701			399,317			101.2	%		19.3	%
Other		205,443			49,935			5,195			311.4	%		N/M
Total Short-term borrowings	$	1,773,083		$	1,833,644		$	1,496,407			(3.3	%)		18.5	%

N/M — Not Meaningful

2

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED)
dollars in thousands, except per-share data

	Quarter Ended									% Change from						Nine Months Ended
	September 30			September 30			June 30			September 30			June 30			September 30
	2007			2006			2007			2006			2007			2007			2006			% Change
Interest Income:
Interest Income	$	238,740		$	229,101		$	230,112			4.2	%		3.7	%	$	699,508		$	634,959			10.2	%
Interest Expense		116,330			103,177			109,204			12.7	%		6.5	%		334,415			271,141			23.3	%
Net Interest Income		122,410			125,924			120,908			(2.8	%)		1.2	%		365,093			363,818			0.4	%
Provision for Loan Losses		4,606			555			2,700			729.9	%		70.6	%		8,263			2,430			240.0	%
Net Interest Income after Provision		117,804			125,369			118,208			(6.0	%)		(0.3	%)		356,830			361,388			(1.3	%)
Other Income:
Investment management and trust services		9,291			8,887			10,273			4.5	%		(9.6	%)		29,374			27,975			5.0	%
Service charges on deposit accounts		11,293			11,345			11,225			(0.5	%)		0.6	%		33,145			32,484			2.0	%
Other service charges and fees		8,530			6,693			7,841			27.4	%		8.8	%		23,746			19,923			19.2	%
Gains on sale of mortgage loans		2,532			5,480			4,188			(53.8	%)		(39.5	%)		12,113			15,439			(21.5	%)
Investment securities (losses) gains		(134	)		1,450			629			(109.2	%)		(121.3	%)		2,277			5,524			(58.8	%)
Other		5,231			3,057			2,849			71.1	%		83.6	%		12,158			8,176			48.7	%
Total Other Income		36,743			36,912			37,005			(0.5	%)		(0.7	%)		112,813			109,521			3.0	%
Other Expenses:
Salaries and employee benefits		52,505			55,048			55,555			(4.6	%)		(5.5	%)		164,353			158,367			3.8	%
Net occupancy expense		9,813			9,260			9,954			6.0	%		(1.4	%)		29,963			26,856			11.6	%
Equipment expense		3,438			3,703			3,436			(7.2	%)		0.1	%		10,589			10,791			(1.9	%)
Data processing		3,131			3,057			3,217			2.4	%		(2.7	%)		9,550			9,131			4.6	%
Advertising		2,470			2,934			2,990			(15.8	%)		(17.4	%)		7,869			8,214			(4.2	%)
Intangible amortization		1,995			2,025			2,198			(1.5	%)		(9.2	%)		6,176			5,883			5.0	%
Other		34,644			16,398			20,757			111.3	%		66.9	%		78,508			51,992			51.0	%
Total Other Expenses		107,996			92,425			98,107			16.8	%		10.1	%		307,008			271,234			13.2	%
Income Before Income Taxes		46,551			69,856			57,106			(33.4	%)		(18.5	%)		162,635			199,675			(18.6	%)
Income Taxes		12,985			21,514			17,261			(39.6	%)		(24.8	%)		48,096			60,753			(20.8	%)
Net Income	$	33,566		$	48,342		$	39,845			(30.6	%)		(15.8	%)	$	114,539		$	138,922			(17.6	%)
SHARE AND PER-SHARE INFORMATION:
Net income:
Basic	$	0.19		$	0.28		$	0.23			(32.1	%)		(17.4	%)	$	0.66		$	0.80			(17.5	%)
Diluted		0.19			0.28			0.23			(32.1	%)		(17.4	%)		0.66			0.80			(17.5	%)
Cash dividends	$	0.1500		$	0.1475		$	0.1500			1.7	%		—		$	0.448		$	0.433			3.5	%
Shareholders’ equity		8.96			8.63			8.84			3.8	%		1.4	%
Shareholders’ equity (tangible)		5.17			4.82			5.03			7.3	%		2.8	%
Weighted average shares (basic)		173,304			173,439			173,184			(0.1	%)		0.1	%		173,254			172,595			0.4	%
Weighted average shares (diluted)		174,370			175,390			174,417			(0.6	%)		—			174,493			174,689			(0.1	%)
Shares outstanding, end of period		173,394			173,493			173,270			(0.1	%)		0.1	%
SELECTED FINANCIAL RATIOS:
Return on average assets		0.88	%		1.31	%		1.08	%								1.03	%		1.32	%
Return on average shareholders’ equity		8.67	%		13.26	%		10.52	%								10.07	%		13.04	%
Return on average shareholders’ equity (tangible)		15.76	%		25.14	%		19.30	%								18.42	%		24.34	%
Net interest margin		3.62	%		3.85	%		3.70	%								3.69	%		3.88	%
Efficiency ratio		65.17	%		55.04	%		59.72	%								61.97	%		55.72	%

3

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands

	Quarter Ended
	September 30, 2007									September 30, 2006									June 30, 2007
	Balance			Interest (1)			Rate (1)			Balance			Interest (1)			Rate (1)			Balance			Interest (1)			Rate (1)
ASSETS
Interest-earning assets:
Loans and leases	$	10,857,636		$	205,747			7.52	%	$	10,167,362		$	194,379			7.59	%	$	10,582,300		$	199,085			7.54	%
Taxable investment securities		2,116,123			24,583			4.65	%		2,309,644			25,323			4.39	%		1,973,214			21,999			4.46	%
Tax-exempt investment securities		499,389			6,377			5.11	%		449,181			5,496			4.89	%		500,341			6,405			5.12	%
Equity securities		188,490			2,269			4.80	%		155,894			1,833			4.69	%		188,558			2,230			4.74	%
Total Investment Securities		2,804,002			33,229			4.74	%		2,914,719			32,652			4.48	%		2,662,113			30,634			4.60	%
Loans held for sale		159,492			2,694			6.76	%		227,038			4,224			7.44	%		197,852			3,393			6.86	%
Other interest-earning assets		34,536			432			4.91	%		54,424			695			5.03	%		25,311			311			4.90	%
Total Interest-earning Assets		13,855,666			242,102			6.95	%		13,363,543			231,950			6.90	%		13,467,576			233,423			6.95	%
Noninterest-earning assets:
Cash and due from banks		338,862									329,482									340,752
Premises and equipment		190,175									187,876									189,975
Other assets		890,901									859,800									899,160
Less: allowance for loan losses		(108,628	)								(107,090	)								(108,952	)
Total Assets	$	15,166,976								$	14,633,611								$	14,788,511
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,729,357		$	7,630			1.75	%	$	1,689,386		$	6,529			1.53	%	$	1,676,528		$	7,198			1.72	%
Savings deposits		2,259,231			13,680			2.40	%		2,370,275			14,258			2.37	%		2,298,910			13,776			2.40	%
Time deposits		4,626,160			55,093			4.72	%		4,294,731			46,254			4.27	%		4,526,107			52,825			4.68	%
Total Interest-bearing Deposits		8,614,748			76,403			3.52	%		8,354,392			67,041			3.18	%		8,501,545			73,799			3.48	%
Short-term borrowings		1,477,288			17,786			4.74	%		1,730,970			21,697			4.92	%		1,243,370			14,894			4.77	%
Long-term debt		1,655,599			22,141			5.32	%		1,093,815			14,439			5.24	%		1,585,125			20,511			5.19	%
Total Interest-bearing Liabilities		11,747,635			116,330			3.93	%		11,179,177			103,177			3.65	%		11,330,040			109,204			3.86	%
Noninterest-bearing liabilities:
Demand deposits		1,703,137									1,826,800									1,756,271
Other		179,391									181,322									183,449
Total Liabilities		13,630,163									13,187,299									13,269,760
Shareholders’ equity		1,536,813									1,446,312									1,518,751
Total Liabilities and Shareholders’ Equity	$	15,166,976								$	14,633,611								$	14,788,511
Net interest income/net interest margin (fully taxable equivalent)					125,772			3.62	%					128,773			3.85	%					124,219			3.70	%
Tax equivalent adjustment					(3,362	)								(2,849	)								(3,311	)
Net interest income				$	122,410								$	125,924								$	120,908

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.

AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:

	Quarter Ended						% Change from
	September 30		September 30		June 30		September 30			June 30
	2007		2006		2007		2006			2007
Loans, by type:
Commercial — industrial and financial	$	2,908,049	$	2,587,869	$	2,805,554		12.4	%		3.7	%
Commercial — agricultural		373,293		337,660		366,679		10.6	%		1.8	%
Real estate — commercial mortgage		3,383,487		3,113,086		3,287,308		8.7	%		2.9	%
Real estate — residential mortgage		769,381		658,537		710,433		16.8	%		8.3	%
Real estate — home equity		1,454,947		1,450,255		1,435,467		0.3	%		1.4	%
Real estate — construction		1,382,951		1,412,678		1,381,552		(2.1	%)		0.1	%
Consumer		502,482		527,915		506,965		(4.8	%)		(0.9	%)
Leasing and other		83,046		79,362		88,342		4.6	%		(6.0	%)
Total Loans, net of unearned income	$	10,857,636	$	10,167,362	$	10,582,300		6.8	%		2.6	%
Deposits, by type:
Noninterest-bearing demand	$	1,703,137	$	1,826,800	$	1,756,271		(6.8	%)		(3.0	%)
Interest-bearing demand		1,729,357		1,689,386		1,676,528		2.4	%		3.2	%
Savings deposits		2,259,231		2,370,275		2,298,910		(4.7	%)		(1.7	%)
Time deposits		4,626,160		4,294,731		4,526,107		7.7	%		2.2	%
Total Deposits	$	10,317,885	$	10,181,192	$	10,257,816		1.3	%		0.6	%
Short-term borrowings, by type:
Customer repurchase agreements	$	242,375	$	334,759	$	255,685		(27.6	%)		(5.2	%)
Federal funds purchased		756,360		1,143,445		586,007		(33.9	%)		29.1	%
Short-term promissory notes		446,182		201,282		376,149		121.7	%		18.6	%
Other		32,371		51,484		25,529		(37.1	%)		26.8	%
Total Short-term borrowings	$	1,477,288	$	1,730,970	$	1,243,370		(14.7	%)		18.8	%

4

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands

	Nine Months Ended September 30
	2007									2006
	Balance			Interest (1)			Rate (1)			Balance			Interest (1)			Rate (1)
ASSETS
Interest-earning assets:
Loans and leases	$	10,619,834		$	601,390			7.57	%	$	9,750,452		$	537,281			7.37	%
Taxable investment securities		2,092,916			71,201			4.54	%		2,246,672			71,426			4.24	%
Tax-exempt investment securities		497,504			19,010			5.09	%		438,510			15,881			4.83	%
Equity securities		185,215			6,628			4.78	%		151,078			5,132			4.53	%
Total Investment Securities		2,775,635			96,839			4.65	%		2,836,260			92,439			4.35	%
Loans held for sale		188,223			9,771			6.92	%		216,295			11,688			7.21	%
Other interest-earning assets		36,008			1,339			4.93	%		56,045			1,950			4.63	%
Total Interest-earning Assets		13,619,700			709,339			6.96	%		12,859,052			643,358			6.69	%
Noninterest-earning assets:
Cash and due from banks		331,945									340,885
Premises and equipment		190,711									183,112
Other assets		896,604									836,754
Less: allowance for loan losses		(108,425	)		��						(105,291	)
Total Assets	$	14,930,535								$	14,114,512
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,688,129		$	21,733			1.72	%	$	1,676,087		$	18,112			1.44	%
Savings deposits		2,284,521			41,266			2.41	%		2,340,708			37,181			2.12	%
Time deposits		4,537,160			158,411			4.67	%		4,042,569			120,934			4.00	%
Total Interest-bearing Deposits		8,509,810			221,410			3.48	%		8,059,364			176,227			2.92	%
Short-term borrowings		1,424,109			51,734			4.82	%		1,607,946			55,430			4.56	%
Long-term debt		1,564,333			61,271			5.23	%		1,033,706			39,484			5.11	%
Total Interest-bearing Liabilities		11,498,252			334,415			3.88	%		10,701,016			271,141			3.38	%
Noninterest-bearing liabilities:
Demand deposits		1,726,782									1,817,547
Other		184,010									171,391
Total Liabilities		13,409,044									12,689,954
Shareholders’ equity		1,521,491									1,424,558
Total Liabilities and Shareholders’ Equity	$	14,930,535								$	14,114,512
Net interest income/net interest margin (fully taxable equivalent)					374,924			3.69	%					372,217			3.88	%
Tax equivalent adjustment					(9,831	)								(8,399	)
Net interest income				$	365,093								$	363,818

(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
		2007		2006		% Change
Loans, by type:
Commercial — industrial and financial		$	2,795,619	$	2,445,367		14.3	%
Commercial — agricultural			366,905		330,368		11.1	%
Real estate — commercial mortgage			3,303,854		3,033,010		8.9	%
Real estate — residential mortgage			727,491		624,546		16.5	%
Real estate — home equity			1,444,100		1,401,875		3.0	%
Real estate — construction			1,386,960		1,317,274		5.3	%
Consumer			508,544		522,381		(2.6	%)
Leasing and other	��		86,361		75,631		14.2	%
Total Loans, net of unearned income		$	10,619,834	$	9,750,452		8.9	%
Deposits, by type:
Noninterest-bearing demand		$	1,726,782	$	1,817,547		(5.0	%)
Interest-bearing demand			1,688,129		1,676,087		0.7	%
Savings deposits			2,284,521		2,340,708		(2.4	%)
Time deposits			4,537,160		4,042,569		12.2	%
Total Deposits		$	10,236,592	$	9,876,911		3.6	%
Short-term borrowings, by type:
Customer repurchase agreements		$	251,520	$	358,079		(29.8	%)
Federal funds purchased			751,954		1,084,901		(30.7	%)
Short-term promissory notes			379,761		126,917		199.2	%
Other			40,874		38,049		7.4	%
Total Short-term borrowings		$	1,424,109	$	1,607,946		(11.4	%)

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FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands

										Nine Months Ended
	Quarter Ended									September 30
	September 30			September 30			June 30
	2007			2006			2007			2007			2006
ALLOWANCE FOR LOAN LOSSES:
Balance at beginning of period	$	106,892		$	106,544		$	107,899		$	106,884		$	92,847
Loans charged off		(2,805	)		(1,068	)		(4,506	)		(8,671	)		(4,247	)
Recoveries of loans previously charged off		742			1,391			799			2,959			3,401
Net loans (charged off) recovered		(2,063	)		323			(3,707	)		(5,712	)		(846	)
Provision for loan losses		4,606			555			2,700			8,263			2,430
Allowance purchased		—			—			—			—			12,991
Balance at end of period	$	109,435		$	107,422		$	106,892		$	109,435		$	107,422
Net charge-offs (recoveries) to average loans (annualized)		0.08	%		(0.01	%)		0.14	%		0.07	%		0.01	%
NON-PERFORMING ASSETS:
Non-accrual loans	$	71,056		$	26,591		$	46,683
Accruing loans 90+ days overdue		23,406			16,704			21,559
Other real estate owned		12,536			3,489			5,899
Total non-performing assets	$	106,998		$	46,784		$	74,141
ASSET QUALITY RATIOS:
Non-accrual loans to total loans		0.65	%		0.26	%		0.44	%
Non-performing assets to total loans and OREO		0.97	%		0.45	%		0.69	%
Non-performing assets to total assets		0.69	%		0.31	%		0.49	%
Allowance for loan losses to loans outstanding		1.00	%		1.04	%		1.00	%
Allowance/non-performing loans		116	%		248	%		157	%

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