![]() Investor Presentation Data as of September 30, 2012 Ticker Symbol: FULT (NASDAQ) Exhibit 99.1 |
![]() Forward-Looking Statements 2 This presentation may contain forward-looking statements with respect to Fulton Financial Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as “may,” “should,” “will,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future,” “intends” and similar expressions which are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Corporation’s control and ability to predict, that could cause actual results to differ materially from those expressed in the forward-looking statements. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Many factors could affect future financial results including, without limitation: the impact of adverse changes in the economy and real estate markets; increases in non-performing assets which may reduce the level of earning assets and require the Corporation to increase the allowance for credit losses, charge-off loans and incur elevated collection and carrying costs related to such non-performing assets; acquisition and growth strategies; market risk; changes or adverse developments in political or regulatory conditions; a disruption in, or abnormal functioning of, credit and other markets, including the lack of or reduced access to markets for mortgages and other asset-backed securities and for commercial paper and other short-term borrowings; changes in the levels of, or methodology for determining, FDIC deposit insurance premiums and assessments; the effect of competition and interest rates on net interest margin and net interest income; investment strategy and other income growth; investment securities gains and losses; declines in the value of securities which may result in charges to earnings; changes in rates of deposit and loan growth or a decline in loans originated; relative balances of rate-sensitive assets to rate-sensitive liabilities; salaries and employee benefits and other expenses; amortization of intangible assets; goodwill impairment; capital and liquidity strategies; and other financial and business matters for future periods. For a more complete discussion of certain risks and uncertainties affecting the Corporation, please see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in the Corporation’s filings with the Securities and Exchange Commission. |
![]() About Us Mid-Atlantic financial holding company 6 community banks / 5 states Fulton Financial Advisors Fulton Mortgage Company 270 community banking offices Asset size: $16.3 billion 3,800 team members Market capitalization: $ 2.0 billion Book value per common share: $ 10.36 Tangible book value per common share: $ 7.63 Shares outstanding: 199 million 3 |
![]() 1. EPS Growth 2. ROA Improvement 3. Spread Management /Net Interest Margin 4. Improve Asset Quality 5. Deploy Capital Prudently 6. Leverage Market Opportunities 7. Profitable Organic / Acquisitive Growth Corporate Goals and Priorities 4 |
![]() Goals and Priorities 1. Earnings per Share Growth Q3/12 Diluted EPS: 21 cents Up 5.0% linked quarter (20 cents) Up 5.0% year over year (20 cents) 5 |
![]() Income Statement Summary 6 Q3 2012 Q2 2012 $ % (dollars in thousands, except per-share data) Net Interest Income 135,881 $ 137,530 $ (1,649) $ -1% Loan Loss Provision (23,000) (25,500) 2,500 -10% Non-Interest Income 51,962 51,826 136 0% Securities Gains 42 1,538 (1,496) -97% Non-Interest Expenses (110,043) (112,143) 2,100 -2% Income Taxes (13,260) (13,360) 100 -1% Net Income 41,582 $ 39,891 $ 1,691 $ 4% Per Share (Diluted) 0.21 $ 0.20 $ 0.01 $ 5% |
![]() ![]() Income Statement Summary (Nine Months Ended September 30 th ) 7 2012 2011 $ % (dollars in thousands, except per-share data) Net Interest Income 412,106 $ 421,701 $ (9,595) $ -2% Loan Loss Provision (76,500) (105,000) 28,500 -27% Non-Interest Income 154,217 137,872 16,345 12% Securities Gains 2,831 1,507 1,324 88% Non-Interest Expenses (332,897) (307,616) (25,281) 8% Income Taxes (40,152) (38,970) (1,182) 3% Net Income 119,605 $ 109,494 $ 10,111 $ 9% Per Share (Diluted) 0.60 $ 0.55 $ 0.05 $ 9% |
![]() ![]() Ending Loans 8 Q3 2012 Q3 2011 $ % (dollars in millions) Comm'l Mort 4,633 $ 4,491 $ 142 $ 3% Commercial 3,508 3,690 (182) -5% Home Equity 1,603 1,631 (28) -2% Resid Mort 1,214 1,041 173 17% Construction 597 648 (51) -8% Consumer/Other 378 394 (16) -4% Total Loans 11,933 $ 11,895 $ 38 $ 0% |
![]() Diluted EPS 9 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 |
![]() Non-Interest Income (in millions) $- $40 $80 $120 $160 $200 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YTD Sep YTD Dec 10 CAGR = 6.4% (2002-2011) |
![]() Non-Interest Income Q3 2012 Q2 2012 $ % (dollars in thousands) Mort. Banking Income 10,594 $ 11,143 $ (549) $ -5% Invt Mgt & Trust 9,429 9,822 (393) -4% Overdraft & NSF Fees 8,552 8,095 457 6% Service Charges 4,340 4,456 (116) -3% Merchant Fees 3,128 3,376 (248) -7% Cash Mgt Fees 2,759 2,816 (57) -2% Debit Card Fees 2,145 2,209 (64) -3% Other 11,015 9,909 1,106 11% 51,962 $ 51,826 $ 136 $ 0% 11 |
![]() 2012 2011 $ % (dollars in thousands) Mort. Banking Income 31,787 $ 19,454 $ 12,333 $ 63% Invt Mgt & Trust 28,628 27,756 872 3% Overdraft & NSF Fees 24,612 23,988 624 3% Service Charges 13,060 10,880 2,180 20% Merchant Fees 9,363 7,124 2,239 31% Cash Mgt Fees 8,188 7,933 255 3% Debit Card Fees 6,455 13,352 (6,897) -52% Other 32,124 27,385 4,739 17% 154,217 $ 137,872 $ 16,345 $ 12% 12 Non-Interest Income (Nine Months Ended September 30 th ) |
![]() Non-Interest Income Growth Fulton Mortgage Company Significant Contributor to Non-interest Income Steady Pipeline with Low Rate Environment Leverage our Market Reputation and Brand Expanded Origination Staff Fulton Financial Advisors ($4.0 billion A.U.M.) Brokerage Production Mix (non-recurring / recurring) Referrals from Commercial Bank Team Market Development 13 |
![]() Fulton Mortgage Company Applications up linked quarter: $850 million from $824 million Pipeline $535 million vs. $520 million (End Q3/12 vs. end Q2/12) 40% purchase / 60% refinancing (Q3/12) Sales gains up linked quarter offset by decreased MSR income 14 |
![]() Non-Interest Expenses Q3 2012 Q2 2012 $ % (dollars in thousands) Salaries & Benefits 62,162 $ 60,091 $ 2,071 $ 3% Occupancy & Equip. 14,977 14,390 587 4% Data Proc. & Software 6,287 6,031 256 4% Outside Services 4,996 4,476 520 12% FDIC Insurance 3,029 3,002 27 1% Professional Fees 2,729 2,984 (255) -9% Supplies & Postage 2,232 2,399 (167) -7% OREO & Repo Expense 2,096 2,823 (727) -26% Telecommunications 1,764 1,478 286 19% Operating Risk Loss 1,404 2,055 (651) -32% Marketing 648 2,583 (1,935) -75% Other Expenses 7,719 9,831 (2,112) -21% 110,043 $ 112,143 $ (2,100) $ -2% 15 |
![]() Asset Quality Improvement Core Platform Conversion Enterprise-wide Risk Management and Compliance Priority Resource Commitments 16 |
![]() International Bancshares Corp. People’s United Financial, Inc. Susquehanna Bancshares, Inc. Synovus Financial Corporation TCF Financial Corporation UMB Financial Corporation Valley National Bancorp Webster Financial Corporation *Fulton’s peer group as of September 30, 2012 Associated Banc-Corp BancorpSouth, Inc. BOK Financial Corporation City National Corporation Commerce Bancshares, Inc. Cullen / Frost Bankers, Inc. First Horizon National Corporation FirstMerit Corporation First Niagara Financial Group, Inc. Peer Group* 17 |
![]() More Efficient Than Peers 57.1 62.9 63.0 50.0 52.0 54.0 56.0 58.0 60.0 62.0 64.0 66.0 2005 2006 2007 2008 2009 2010 2011 YTD 09/12 FULT Peer Top 50* 18 * Comprised of the 50 largest publicly traded domestic banks/thrifts in asset size as of December 31, 2011. Excludes credit card companies. Source : SNL.com |
![]() 2. Improve Our Return on Assets Q3/12: 1.02% YTD 9/30/12: 0.98% Goals and Priorities 19 |
![]() ROA Growth 0.98 0.88 0.93 -0.40 0.00 0.40 0.80 1.20 1.60 2005 2006 2007 2008 2009 2010 2011 YTD 09/12 FULT Peer Top 50 20 |
![]() ROA and Assets, by Bank 21 Return on Average Assets Assets 9Months Year ($ Millions) 09/30/12 2011 Lafayette Ambassador Bank 1,406 $ 1.56% 1.48% FNB Bank, NA 371 1.24% 1.46% Fulton Bank, NA 9,041 1.29% 1.40% Swineford National Bank 287 1.25% 1.60% The Columbia Bank 2,025 0.92% 0.75% Fulton Bank of New Jersey 3,334 0.44% -0.10% Fulton Financial Corporation 16,273 $ 0.98% 0.90% |
![]() 3. Spread Management / Net Interest Margin Q3/12: 3.74% Cost of interest bearing liabilities: 0.90% Yield on earning assets: 4.42% Goals and Priorities 22 |
![]() Net Interest Margin 23 3.74 3.48 3.42 3.00 3.25 3.50 3.75 4.00 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q3 12 FULT Peer Top 50 |
![]() 6 month cumulative gap: 1.15 Interest Rate Shocks (9/30/12) Rate Change NII Change (Annual) % Change +400 bp + $ 80.4 million + 15.3% +300 bp + $ 57.4 million + 11.0 % +200 bp + $ 34.5 million + 6.6% +100 bp + $ 11.9 million + 2.3% - 100 bp - $ 20.5 million - 3.9% 24 |
![]() Deposit Composition 25 |
![]() 4. Improve Asset Quality Goals and Priorities 26 |
![]() Non-accrual Loans to Loans 1.56 1.30 1.36 0.00 1.00 2.00 3.00 2005 2006 2007 2008 2009 2010 2011 Q3 12 FULT Peer Top 50 27 |
![]() Allowance for Loan Losses to Loans 1.96 1.65 1.72 0.80 1.10 1.40 1.70 2.00 2.30 2.60 2005 2006 2007 2008 2009 2010 2011 Q3 12 FULT Peer Top 50 28 |
![]() Non-performing Loans* (9/30/12) Comm'l Comm'l Mortgage Constr. Res. Mtg. Other Total (in thousands) Pennsylvania 50,294 $ 18,451 $ 9,706 $ 8,078 $ 6,237 $ 92,766 $ Maryland 4,845 12,198 9,510 1,687 1,718 29,958 New Jersey 14,147 26,013 10,172 6,633 7,233 64,198 Virginia 4,553 6,762 3,354 6,908 711 22,288 Delaware 40 1,185 - 1,604 787 3,616 73,879 $ 64,609 $ 32,742 $ 24,910 $ 16,686 $ 212,826 $ Ending Loans 3,507,846 4,632,509 597,358 1,213,831 1,981,457 11,933,001 NPL% (Sep-12) 2.11% 1.39% 5.48% 2.05% 0.84% 1.78% NPL% (Jun-12) 1.92% 1.77% 6.96% 2.14% 0.77% 1.95% * Includes loans > 90 days past due and accruing. 29 |
![]() Loan Delinquency 30 90 Days Total 90 Days Total Commercial Mortgage 1.39% 1.85% 1.78% 2.19% Commercial Loans 2.11% 2.56% 1.91% 2.57% Construction Loans 5.48% 6.43% 6.96% 7.91% Residential Mortgage 2.05% 4.71% 2.15% 5.09% Home Equity 0.78% 1.63% 0.71% 1.54% Consumer, leasing and other 1.07% 2.92% 0.99% 2.60% Total 1.78% 2.58% 1.95% 2.81% June 30, 2012 September 30, 2012 |
![]() Construction Exposure Construction Loans / Total Loans 10.5% 8.2% 6.7% 5.1% 5.0% 31 |
![]() 32 50 50 45 45 40 40 40 40 38 36 31 30 28 25.5 23 $0 $20 $40 $60 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Provision for Credit Losses |
![]() 5. Deploy Capital Prudently Goals and Priorities 33 |
![]() Total Risk-Based Capital Ratio 34 11.0% 12.0% 13.0% 14.0% 15.0% 16.0% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q3 12 |
![]() Capital Adequacy (9/30/12 - estimate) Well- FULT Capitalized Total Risk-Based Capital Ratio 15.40% 10.00% Tier 1 Risk-Based Capital Ratio 13.20% 6.00% Leverage Capital Ratio 10.70% 5.00% 35 |
![]() Capital Adequacy vs. Basel III 36 FULT (1) Basel III (2) Total Risk-Based Capital Ratio 14.60% 10.50% Tier 1 Risk-Based Capital Ratio 11.30% 8.50% Leverage Capital Ratio 9.50% 6.50% Common Equity Tier 1 Ratio 11.30% 7.00% (1) Estimates - based on proposed rules. Final rules, when issued, may differ from proposed. Application of the Basel III rules are also subject to further interpretation and clarification, which could result in changes to the estimates shown above. (2) Fully-phased in requirements, with 2.50% conservation buffer. |
![]() Tangible Book Value Per Share 37 $0.00 $2.00 $4.00 $6.00 $8.00 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 CAGR = 10.8% |
![]() Price Multiple vs. Peer Group 38 Note: Peer Tangible Book Value and LTM EPS data as of 6/30/2012 . FULT Tangible Book Value and LTM EPS data as of 9/30/2012 . |
![]() Deploying Capital Current Uses Support organic growth Increase our cash dividend Stock repurchase Potential Uses Acquisitions with right opportunities 39 |
![]() FULT – Cash Dividend and Yield 40 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% $- $0.01 $0.02 $0.03 $0.04 $0.05 $0.06 $0.07 $0.08 $0.09 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Cash Dividend per Share Yield CAGR (cash dividend) = 32.3% |
![]() Program authorized: June 2012 Purchase of up to 5 million shares through 12/31/12 About 2.5% of outstanding shares Shares repurchased as of September 30, 2012: 2,115,000 Average purchase price: $ 9.63 Stock Repurchase Program 41 |
![]() 6. Leverage Market Opportunities Goals and Priorities 42 |
![]() Superior Customer Experience CARE, LISTEN, UNDERSTAND and DELIVER 43 |
![]() Top 3 Box Satisfaction: 84% Delivery on our Promise: Top 3 Box 85% *Survey Sample Size: 4,897 customers Retail Customer Satisfaction* 44 |
![]() Commercial Households: Up 1.9% YTD (2.5% annualized) Retail Households Up 1.7% YTD (2.3% annualized) Net Household Lift: Up 1.7% YTD (2.3% annualized) New Household Growth YTD 45 |
![]() Counties ranked #1 in deposit market share Lebanon, PA (Fulton Bank 30.2%) Salem, NJ (Fulton Bank of New Jersey 26.0%) Counties ranked #2 in deposit market share Lancaster, PA (Fulton Bank 24.3%) Montour, PA (FNB Bank 27.7%) Gloucester, NJ (Fulton Bank of New Jersey 13.4%) Snyder, PA (Swineford National Bank 28.0%) Washington, MD (The Columbia Bank 19.2%) Counties ranked #3 in deposit market share Northampton, PA (Lafayette Ambassador Bank 14.0%) Top County Market Share (6/30/12) 46 |
![]() 7. Profitable Organic / Acquisitive Growth Goals and Priorities 47 |
![]() A Valuable Franchise 48 |
![]() 2012 Branch Expansion 49 |
![]() Optimal asset size: $ 300 million to $2.5 billion (102 banks in footprint) Good fit geographically Earnings accretive /reasonable tangible book dilution Culturally compatible Acceptable risk profile Meaningful existing market share Acquisitive Growth 50 |
![]() Fulton Financial Corporation One Penn Square Lancaster, PA 17602 www.fult.com Version 2012-11-26 |
![]() Supplemental Information |
![]() Average Deposits Q3 2012 Q2 2012 $ % (dollars in millions) Nonint DDA 2,836 $ 2,669 $ 167 $ 6% Int DDA 2,608 2,485 123 5% Savings/MMDA 3,364 3,293 71 2% Total Core Deposits 8,808 8,447 361 4% CD's 3,658 3,791 (133) -4% Cash Management 338 372 (34) -9% Total Deposits 12,804 $ 12,610 $ 194 $ 2% 53 |
![]() Interest Rates 54 Q3 2012 Q2 2012 Change % Net Interest Margin 3.74% 3.78% -0.04% -1% Yield on Earning Assets 4.42% 4.48% -0.06% -1% Cost of Funds 0.72% 0.75% -0.03% -4% Fed Funds 0.25% 0.25% - - |
![]() Projected CD Maturities 55 |
![]() ![]() Average Loans 56 Q3 2012 Q2 2012 $ % (dollars in millions) Comm'l Mort 4,603 $ 4,634 $ (31) $ -1% Commercial 3,530 3,530 - 0% Home Equity 1,597 1,600 (3) 0% Resid Mort 1,201 1,180 21 2% Construction 606 640 (34) -5% Consumer/Other 383 382 1 0% Total Loans 11,920 $ 11,966 $ (46) $ 0% |
![]() 56 relationships with commitments to lend $20 million or more Maximum individual commitment: $39 million Maximum commitment to any builder/developer: $28 million Maximum commitment to any one development project: $15 million Average commercial lending relationship size is $469,332 Loans and corresponding relationships are within Fulton’s geographic market area Summary of Larger Loans (9/30/12) 57 |
![]() Average Loan Growth (vs. prior year period) 58 0.5 3.4 5.3 -3.0 0.0 3.0 6.0 9.0 12.0 2005 2006 2007 2008 2009 2010 2011 YTD 09/12 FULT Peer Top 50 |
![]() Net Charge-offs (YTD September 2012) Comm'l Comm'l Mortgage Constr. Res. Mtg. Other Total (in thousands) Pennsylvania 13,480 $ 14,808 $ 4,979 $ 282 $ 2,976 $ 36,525 $ Maryland 2,333 3,333 2,451 648 1,772 10,537 New Jersey 9,192 17,059 7,353 684 2,043 36,331 Virginia 978 3,698 7,925 1,015 709 14,325 Delaware 128 869 26 211 457 1,691 26,111 $ 39,767 $ 22,734 $ 2,840 $ 7,957 $ 99,409 $ Avg Loans 3,548,332 4,618,389 629,170 1,172,732 1,986,207 11,954,830 NCO % 0.98% 1.15% 4.82% 0.32% 0.53% 1.11% 59 |
![]() Net Charge-Offs To Average Loans 60 1.11 0.57 0.57 0.00 0.50 1.00 1.50 2005 2006 2007 2008 2009 2010 2011 YTD 09/12 FULT Peer Top 50 |
![]() Allowance for Loan Losses to Non-accrual Loans 61 125.9 109.9 118.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2005 2006 2007 2008 2009 2010 2011 Q3 12 FULT Peer Top 50 |
![]() Commercial Loans by Industry 62 Industry % Services 17.7 Manufacturing 15.8 Construction 11.9 Wholesale 9.9 Retail 8.5 Other 8.0 Health Care 7.5 Real Estate 7.4 Agriculture 5.5 Transportation 3.0 Arts & Entertainment 2.5 Financial Services 2.3 Total 100.0 |
![]() Loan Distribution by State (9/30/12) Ending % of Variance to 9/30/11 Balance Total $ % (dollars in thousands) Pennsylvania 7,124,012 $ 59.6% 211,197 $ 3% New Jersey 2,297,259 19.3% (100,791) -4% Maryland 1,201,613 10.1% (51,509) -4% Virginia 931,105 7.8% (36,117) -4% Delaware 379,012 3.2% 14,565 4% 11,933,001 $ 63 |
![]() Residential Mortgages (9/30/12) Ending % of NPL Allowance Balance Total Balance Allocations (dollars in thousands) Pennsylvania 605,947 $ 50.0% 8,078 $ 6,819 $ Virginia 225,863 18.6% 6,908 12,695 New Jersey 166,398 13.7% 6,633 4,889 Maryland 137,730 11.3% 1,687 2,500 Delaware 77,893 6.4% 1,604 1,953 1,213,831 $ 24,910 $ 28,856 $ 64 |
![]() Fulton Mortgage Company ($ in thousands) 65 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Originations Rate Locks Gain On Sale 1.42% GOS Spread 1.30% GOS Spread 1.55% GOS Spread 1.58% GOS Spread 1.87% 76% Available for Sale 69% Available for Sale 88% Available for Sale GOS Spread 1.66% 86% Available for Sale 70% Available for Sale 73% Available for Sale GOS Spread |
![]() Residential Mortgage Repurchase Activity Year to date through Q3 2012: 2012 – Servicing Retained Repurchased $ 3,550,000. 2012 – Servicing Released Repurchased $ 610,000. 66 |
![]() C&I Loans (9/30/12) Ending % of NPL Allowance Balance Total Balance Allocations (dollars in thousands) Pennsylvania 2,497,526 $ 71.2% 50,294 $ 34,332 $ New Jersey 508,297 14.5% 14,147 24,361 Maryland 296,225 8.4% 4,845 5,066 Virginia 165,220 4.7% 4,553 3,221 Delaware 40,578 1.2% 40 894 3,507,846 $ 73,879 $ 67,874 $ 67 |
![]() Commercial Real Estate Loans (9/30/12) Ending % of NPL Allowance Balance Total Balance Allocations (dollars in thousands) Pennsylvania 2,517,564 $ 54.3% 18,451 $ 24,759 $ New Jersey 1,202,520 26.0% 26,013 33,932 Maryland 409,443 8.8% 12,198 6,438 Virginia 345,895 7.5% 6,762 4,253 Delaware 157,087 3.4% 1,185 2,787 4,632,509 $ 64,609 $ 72,169 $ 68 |
![]() Construction Loans (9/30/12) Ending % of NPL Allowance Balance Total Balance Allocations (dollars in thousands) Pennsylvania 310,893 $ 52.1% 9,706 $ 5,398 $ Virginia 122,441 20.5% 3,354 3,692 New Jersey 77,523 13.0% 10,172 5,892 Maryland 72,573 12.1% 9,510 6,174 Delaware 13,928 2.3% - 972 597,358 $ 32,742 $ 22,128 $ 69 |
![]() Construction Loans by Type (9/30/12) Ending % of Balance Total (dollars in thousands) Commercial Residential 312,658 $ 52.4% Commercial 218,828 36.6% Other 65,872 11.0% 597,358 $ 70 |
![]() Shared National Credits (9/30/12) Ending Balance (dollars in thousands) Commercial 83,565 $ Commercial Real Estate 63,386 Total Outstanding 146,951 $ Delinquency: 2.6% 71 |
![]() Troubled Debt Restructurings 09/30/12 12/31/11 (in thousands) Residential Mtg 36,946 $ 32,330 $ C&I/Comm'l Mtg 36,993 26,010 Construction 10,525 7,650 Consumer/other 755 190 85,219 $ 66,180 $ 72 Note: Excludes non-accrual TDRs |
![]() Investment Portfolio (09-30-12) 73 Book Yield (monthly) 3.49% ENDING WEIGHTED BALANCE AVG. LIFE (in millions) Agency mortgage-backed securities 1,022.2 $ 2.93 Agency collateralized mortgage obligations 1,014.8 1.95 Municipal bonds 293.2 6.25 Auction rate securities 188.4 4.92 Corporate & trust preferred securities 106.0 13.56 U.S. Treasuries and agencies 2.3 0.44 FHLB & FRB stock 73.2 NA Bank stocks 34.3 NA Other investments 10.9 NA Net unrealized gain / (loss) 44.9 NA Total Investments 2,790.1 $ 3.50 |
![]() Projected Investment Security Cash Flows 74 |
![]() Investment MBS & CMO Cash Flows (2011-2012) 75 Book Price $101.51 Book Price $101.87 Book Price $102.12 $112,300,966 $181,596,288 $157,060,613 $163,241,031 $179,433,591 $1,927,653 $4,883,560 $4,074,329 $3,998,272 $4,591,601 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 $180,000,000 $200,000,000 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 E x p e n s e C a s h F l o w MBS & CMO Cash Flow Net Amortization Expense Book Price $102.14 Book Price $102.00 |
![]() Investment Portfolio – Transactions (3 Quarter 2012) ($ in Thousands) 76 Purchases Amount Yield Weighted Avg. Life US Treasury 326 $ 0.17% 0.66 MBS 10,678 1.56% 3.75 CMO - Agency 135,465 1.44% 3.41 Municipal Bans 6,453 1.45% 0.51 Municipal Bonds 14,942 3.57% 4.90 Corporate / Trust Preferred 1,000 5.38% 9.96 Other - - 168,865 $ 1.66% 3.49 Sales Amount Book Yield Gain / (Loss) US Treasury Corporate / Trust Preferred 1,965 $ 8.31% 66 $ Other 1,965 $ 8.31% 66 $ Total Total RD |
![]() Projected FHLB Advance Maturities 77 |
![]() Fulton Financial Corporation One Penn Square Lancaster, PA 17602 www.fult.com Version 2012-11-26 |