8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

Amendment No. 1

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

January 17, 2023

Date of Report (date of earliest event reported)

Fulton Financial Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania		001-39680		23-2195389
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
One Penn Square,	P.O. Box 4887	Lancaster,	Pennsylvania	17604
(Address of Principal Executive Offices)				(Zip Code)

(717) 291-2411

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $2.50	FULT	The Nasdaq Stock Market, LLC
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A	FULTP	The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Explanatory Note

On January 17, 2023, Fulton Financial Corporation (the “Corporation”) issued a press release (the “Press Release”) announcing its results of operations for the fourth quarter and year ended December 31, 2022 and posted on its Investor Relations website, www.fultonbank.com, presentation materials (the “Presentation Materials”) it intends to use during a conference call and webcast to discuss those results on Wednesday, January 18, 2023 at 10:00 a.m. Eastern Time. A copy of the Press Release was filed, and a copy of the Presentation Materials was furnished, with a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 17, 2023 (the “Original Current Report”). This Amendment No.1 is being filed solely to correct an error in footnote (1) on Slide 9 titled “2023 Outlook” of the Presentation Materials attached as Exhibit 99.2 to the Original Current Report. There are no other changes to the corrected Presentation Materials attached as Exhibit 99.2 to this Amendment No.1. There are no changes to the Press Release attached as Exhibit 99.1 to this Amendment No. 1. The corrected version of the Presentation Materials has been posted to the Corporation’s Investor Relations website.

Item 2.02 Results of Operations and Financial Condition.

    On January 17, 2023, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the fourth quarter and year ended December 31, 2022. A copy of the Press Release and supplementary financial information which accompanied the Press Release are attached as Exhibit 99.1 to this Current Report on Form 8-K (this "Current Report") and are incorporated herein by reference. The Corporation also posted on its Investor Relations website, www.fultonbank.com, presentation materials the Corporation intends to use during a conference call and webcast to discuss those results on Wednesday, January 18, 2023 at 10:00 a.m. Eastern Time. A copy of the presentation materials is attached as Exhibit 99.2 to this Current Report and is incorporated herein by reference.    

The information included in Exhibit 99.1 shall be deemed filed for purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and therefore may be incorporated by reference in filings under the Securities Act of 1933, as amended (the "Securities Act"). The information included in Exhibit 99.2 is being furnished and shall not be deemed filed for purposes of the Exchange Act or be incorporated by reference in any filing under the Securities Act.

Forward-Looking Statements

This Current Report, including the Exhibits hereto, may contain forward-looking statements with respect to the 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," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results. Management’s "2023 Outlook" contained in Exhibit 99.2 to this Current Report is comprised of forward-looking statements.

Forward-looking statements are neither historical facts nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. 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.

A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 and other current and periodic reports, which have been or will be filed with the Securities and Exchange Commission (the "SEC") and are or will be available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.	Description
99.1	Press release dated January 17, 2023, containing financial information for the quarter and year ended December 31, 2022, deemed filed under the Securities Exchange Act of 1934.
99.2	Corrected presentation materials to be discussed during the conference call and webcast on January 18, 2023, deemed furnished under the Securities Exchange Act of 1934.
104	Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 18, 2023	FULTON FINANCIAL CORPORATION
	By: /s/ Mark R. McCollom
	Mark R. McCollom
	Senior Executive Vice President and
	Chief Financial Officer

EX-99.1

Exhibit 99.1

FULTON FINANCIAL

CORPORATION

FOR IMMEDIATE RELEASE

Media Contact: Lacey Dean (717) 735-8688

Investor Contact: Matt Jozwiak (717) 327-2657

Fulton Financial Corporation Announces Fourth Quarter and 2022 Results

(January 17, 2023) – Lancaster, PA – Fulton Financial Corporation (NASDAQ:FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $79.3 million, or $0.47 per diluted share, for the fourth quarter of 2022, an increase of $11.0 million, or 16.0%, in comparison to the third quarter of 2022. The Corporation reported net income available to common shareholders of $276.7 million, or $1.67 per diluted share, for the year ended December 31, 2022, an increase of $11.5 million or 4.3%, in comparison to the year ended December 31, 2021. The results for the third and fourth quarters of 2022 include the impact of the consummation of the acquisition by the Corporation of Prudential Bancorp, Inc. ("Prudential Bancorp") on July 1, 2022.

“2022 was a record year for Fulton, as we continued to execute on our strategy to Grow the bank, Deliver effectively for customers, Operate with excellence, and Serve our stakeholders,” said Curtis J. Myers, Chairman and CEO of Fulton Financial Corporation. "I’m very proud of our team's results, especially given the large number of strategic initiatives, we tackled, including the Prudential Bancorp acquisition - our first whole-bank acquisition in over a decade. Coming out of 2022, we are well positioned for continued success in 2023."

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Operating net income available to common shareholders was $81.2 million, or $0.48 per diluted share, for the fourth quarter of 2022, calculated as shown below.

	Three months ended
(in thousands except per share data)	December 31, 2022
Net income available to common shareholders	$79,271
Plus: Core deposit intangible amortization	514
Plus: Merger-related expenses	1,894
Less: Tax impact of adjustments	(506)
Operating net income available to common shareholders (numerator)	$81,173
Weighted average shares (diluted) (denominator)	169,136
Operating net income available to common shareholders per share (diluted)(1)	$0.48

(1) Non-GAAP financial measure.

Net Interest Income and Balance Sheet

Net interest income for the fourth quarter of 2022 was $225.9 million, an increase of $10.3 million in comparison to the third quarter of 2022. The net interest margin for the fourth quarter of 2022 increased 15 basis points, to 3.69%, in comparison to 3.54% in the third quarter of 2022.

The linked-quarter increase in net interest income was primarily due to rising interest rates resulting in increases in interest income from net loans of $33.8 million. An increase in the average balances for net loans of $440.7 million also contributed to the increase in interest income.Interest expense from interest-bearing liabilities for the fourth quarter of 2022 increased by $23.8 million to $41.9 millionin comparison to $18.1 million in the third quarter of 2022 primarily due to rising interest rates resulting in increases in interest expense from interest-bearing deposits and borrowings of $12.3 million and $11.5 million, respectively. An increase in the average balance for borrowings of $666.2 million in the fourth quarter of 2022 in comparison to the third quarter of 2022 also contributed to the increase in interest expense.

For the fourth quarter of 2022, net interest income was $225.9 million,an increase of $60.3 million, or 36.4%, in comparison to the fourth quarter of 2021 primarily driven by rising interest rates resulting in increases in interest income from net loans, investment securities and other interest-earning assets of $81.6 million, $5.0 million and $3.5 million, respectively. Increases in the average balances for net loans and investment securities of $1,784.0 million and $408.4 million, respectively, driven in part by the Prudential Bancorp acquisition, also contributed to the increase in interest income. Interest expense from interest-bearing liabilities for the fourth quarter of 2022 increased by $29.8 million to $41.9 million in comparison to $12.1 million in the fourth quarter of 2021 primarily driven by rising interest rates resulting in increases in interest expense from interest-bearing deposits and borrowings of $16.5 million and $13.3 million, respectively. An increase in the average balance for borrowings of $928.4 million in the fourth

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quarter of 2022 in comparison to the fourth quarter of 2021 also contributed to the increase in interest expense.

Total average interest-earning assets for the fourth quarter of 2022 was $24.8 billion, an increase of $99.2 million from the third quarter of 2022 primarily driven by the aforementioned increases in average net loans of $440.7 million, partially offset by decreases in average investment securities and average other interest-earning assets of $169.8 million and $171.9 million, respectively.

Total average interest-earning assets for the fourth quarter of 2022 increased by $516.9 million from the fourth quarter of 2021 driven in part by the Prudential Bancorp acquisition. Average net loans for the fourth quarter of 2022 were $20.0 billion, an increase of $1.8 billion from the same period in 2021. Included in average net loans for the fourth quarter of 2022 were Paycheck Protection Program ("PPP") loans with an average balance of $25.5 million, a decrease of $409.5 million from the fourth quarter of 2021. Compared to the fourth quarter of 2021, average other interest-earning assets decreased $1,649.6 million and average investment securities increased $408.4 million.

Total average interest-bearing liabilities increased $130.7 million, to $15.7 billion, in the fourth quarter of 2022 in comparison to $15.6 billion in the third quarter of 2022 driven by an increase in the average balance for borrowings of $666.2 million, partially offset by a decrease in the average balance for total interest-bearing deposits of $535.4 million.

Total average interest-bearing liabilities for the fourth quarter of 2022 increased $285.0 million in comparison to $15.5 billion in the fourth quarter of 2021, driven byan increase in the average balance for borrowings of $928.4 million,partially offset by a decrease in the average balance for total interest-bearing deposits of$643.5 million.

Asset Quality

In the fourth quarter of 2022, a provision for credit losses of $14.5 million was recorded in comparison to a provision for credit losses of $19.0 million in the third quarter of 2022, and anegative provision for credit losses of $5.0 million in the fourth quarter of 2021. Included in the third quarter of 2022 provision for credit losses was a CECL Day 1 provision for credit losses of $8.0 million for the acquired Prudential Bancorp loan portfolio. Excluding the CECL Day 1 Provision, the third quarter of 2022 provision for credit losses was $11.0 million. Excluding the CECL Day 1 Provision, the linked-quarter increase in the provision for credit losses of $3.5 million was primarily due to loan growth and changes to the macroeconomic outlook.

Non-performing assets were $177.7 million, or 0.66% of total assets, at December 31, 2022, in comparison to $198.6 million, or 0.76% at September 30, 2022, and $153.9 million, or 0.60% of total assets, at December 31, 2021.

Net charge-offs for the fourth quarter of 2022 were 0.23% of total average loans in comparison to 0.01% and 0.07% in the third quarter of 2022 and the fourth quarter of 2021, respectively. Net charge-offs of

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$11.7 million for the fourth quarter of 2022 were primarily due to a charge-off for a commercial office loan due to credit-related concerns.

Non-interest Income

Non-interest income before investment securities gains in the fourth quarter of 2022 was $54.3 million, a decrease of $4.9 million, or 8.3%, from the third quarter of 2022. The decrease in non-interest income was driven primarily by decreases in mortgage banking income, commercial customer swap fees, reflected in capital markets, overdraft fees and cash management fees of $1.6 million, $1.3 million, $1.1 million and $0.7 million, respectively.

Compared to the fourth quarter of 2021, non-interest income before investment securities gains in the fourth quarter of 2022 decreased $9.6 million, or 15.0%, from $63.9 million. The decrease in non-interest income was primarily due to decreases of $5.1 million in mortgage banking income, $3.8 million in other income, primarily due to a decline from equity method investments of $4.1 million, and $0.8 million in wealth management revenues.

Non-interest Expense

Non-interest expense, excluding merger-related expenses of $1.9 million,was $166.6 million in the fourth quarter of 2022, an increase of $4.0 million,or 2.5%, compared to $162.6 million, excluding merger-related expenses of $7.0 million, in the third quarter of 2022. The increase was primarily due to increases of $1.5 millionin other outside services expense, $0.6 million in professional fees, $0.5 million in marketing expense, and $1.6 million for a contingent liability, $0.8 million for branch-related closures and $0.6 million in fraud-related losses which are reflected in other non-interest expenses, partially offset by a $1.6 million decrease in salaries and employee benefits expense.

Compared to the fourth quarter of 2021, non-interest expense, excluding merger-related expenses of $1.9 million, increased $12.5 million, or 8.1%, in the fourth quarter of 2022 primarily due to increases of $7.2 million in salaries and employee benefits expense, $1.2 million in other outside services expense, $1.0 million in professional fees, $0.9 million in marketing expense, $0.8 million in data processing and software expense, $0.5 million in intangible asset amortization expense related to the acquisition of Prudential Bancorp, and $0.8 million for branch-related closures reflected in other non-interest expense.

Income Tax Expense

For the full-year 2022, the effective tax rate was 17.3%, in comparison to 17.6% for the full-year of 2021.

Additional information on Fulton is available on the Internet at www.fultonbank.com.

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Safe Harbor Statement

This press release may contain forward-looking statements with respect to the 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," “projects,” the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation’s future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation’s business or financial results.

Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation’s control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. 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.

A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022 and other current and periodic reports, which have been or will be filed with the Securities and Exchange Commission (the "SEC") and are or will be available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).

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Non-GAAP Financial Measures

The Corporation uses certain financial measures in this press release that have been derived from methods other than generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release.

FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
in thousands, except share data, per-share data and percentages
	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2022		2022		2022		2022		2021
Ending Balances
Investments	$	3,968,023	$	3,936,694	$	4,117,801	$	4,288,674	$	4,167,774
Net loans	20,279,547		19,695,199		18,920,950		18,476,119		18,325,350
Total assets	26,931,702		26,146,042		25,252,686		25,598,310		25,796,398
Deposits	20,649,538		21,376,554		21,143,866		21,541,174		21,573,499
Shareholders' equity	2,579,757		2,471,159		2,471,093		2,569,535		2,712,680
Average Balances
Investments	$	3,936,579	$	4,254,216	$	4,216,507	$	4,228,827	$	3,980,045
Net loans	20,004,513		19,563,825		18,637,175		18,383,118		18,220,550
Total assets	26,386,355		26,357,095		25,578,432		25,622,462		26,136,536
Deposits	21,027,656		21,788,052		21,523,713		21,480,183		21,876,938
Shareholders' equity	2,489,148		2,604,057		2,531,346		2,688,834		2,713,198
Income Statement
Net interest income	$	225,911	$	215,582	$	178,831	$	161,310	$	165,613
Provision for credit losses	14,513		18,958		1,500		(6,950)		(5,000)
Non-interest income	54,321		59,162		58,391		55,256		63,881
Non-interest expense	168,462		169,558		149,730		145,978		154,019
Income before taxes	97,257		86,228		85,992		77,538		80,475
Net income available to common shareholders	79,271		68,309		67,427		61,726		59,325
Pre-provision net revenue(1)	115,049		113,631		89,384		71,842		77,837
Per Share
Net income available to common shareholders (basic)	$0.47		$0.41		$0.42		$0.38		$0.37
Net income available to common shareholders (diluted)	$0.47		$0.40		$0.42		$0.38		$0.37
Operating net income available to common shareholders(1)	$0.48		$0.48		$0.42		$0.38		$0.37
Cash dividends	$0.21		$0.15		$0.15		$0.15		$0.22
Common shareholders' equity	$14.24		$13.61		$14.15		$14.79		$15.70
Common shareholders' equity (tangible)(1)	$10.90		$10.26		$10.81		$11.44		$12.35
Weighted average shares (basic)	167,504		167,353		160,920		160,588		161,210
Weighted average shares (diluted)	169,136		168,781		162,075		161,911		162,355
(1) Non-GAAP financial measure. Refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this press release.

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	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2022		2022		2022		2022		2021
Asset Quality
Net (recoveries) charge offs to average loans	0.23	%	0.01	%	(0.08)	%	(0.02)	%	0.07	%
Non-performing loans to total loans	0.85	%	0.98	%	0.92	%	0.87	%	0.83	%
Non-performing assets to total assets	0.66	%	0.76	%	0.71	%	0.64	%	0.60	%
ACL - loans(1) to total loans	1.33	%	1.35	%	1.31	%	1.32	%	1.36	%
ACL - loans(1) to non-performing loans	157	%	138	%	143	%	151	%	164	%
Asset Quality, excluding PPP(2)(3)
Net (recoveries) charge offs to adjusted average loans	0.23	%	0.01	%	(0.08)	%	(0.02)	%	0.07	%
Non-performing loans to total adjusted loans	0.85	%	0.98	%	0.92	%	0.88	%	0.84	%
ACL - loans(1) to total adjusted loans	1.33	%	1.36	%	1.32	%	1.33	%	1.38	%
Profitability
Return on average assets	1.23	%	1.07	%	1.10	%	1.02	%	0.94	%
Operating return on average assets(2)	1.26	%	1.25	%	1.11	%	1.02	%	0.94	%
Return on average common shareholders' equity	13.70	%	11.24	%	11.57	%	10.03	%	9.34	%
Return on average common shareholders' equity (tangible)(2)	18.59	%	17.31	%	15.23	%	12.88	%	11.89	%
Net interest margin	3.69	%	3.54	%	3.04	%	2.78	%	2.77	%
Efficiency ratio(2)	58.1	%	57.8	%	61.4	%	65.8	%	65.2	%
Non-interest expenses to total average assets	2.53	%	2.55	%	2.35	%	2.31	%	2.34	%
Operating non-interest expenses to total average assets(2)	2.48	%	2.43	%	2.32	%	2.29	%	2.30	%
Capital Ratios
Tangible common equity ratio ("TCE")(2)	6.9	%	6.7	%	7.0	%	7.3	%	7.8	%
TCE ratio, (excluding AOCI)(2)(5)	8.2	%	8.3	%	8.2	%	7.9	%	7.8	%
Tier 1 leverage ratio(4)	9.4	%	9.2	%	9.1	%	8.9	%	8.6	%
Common equity Tier 1 capital ratio(4)	10.0	%	10.0	%	9.9	%	10.0	%	9.9	%
Tier 1 risk-based capital ratio(4)	10.8	%	10.9	%	10.8	%	10.9	%	10.9	%
Total risk-based capital ratio(4)	13.5	%	13.6	%	13.7	%	13.8	%	14.1	%
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet ("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Asset quality information excluding PPP loans.
(4) Regulatory capital ratios as of December 31, 2022 are preliminary and prior periods are actual.
(5) Tangible common equity ("TCE") ratio, excluding accumulated other comprehensive income ("AOCI")

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FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
												% Change from
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Dec 31
		2022		2022		2022		2022		2021		2022		2021
ASSETS
	Cash and due from banks	$	126,898	$	143,465	$	158,605	$	161,462	$	172,276	(11.5)	%	(26.3)	%
	Other interest-earning assets	685,209		467,164		383,715		1,054,232		1,523,973		46.7	%	(55.0)	%
	Loans held for sale	7,264		14,411		17,528		27,675		35,768		(49.6)	%	(79.7)	%
	Investment securities	3,968,023		3,936,694		4,117,801		4,288,674		4,167,774		0.8	%	(4.8)	%
	Net loans	20,279,547		19,695,199		18,920,950		18,476,119		18,325,350		3.0	%	10.7	%
	Less: ACL - loans(1)	(269,366)		(266,838)		(248,564)		(243,705)		(249,001)		(0.9)	%	(8.2)	%
	Loans, net	20,010,181		19,428,361		18,672,386		18,232,414		18,076,349		3.0	%	10.7	%
	Net, premises and equipment	225,141		221,496		211,639		218,257		220,357		1.6	%	2.2	%
	Accrued interest receivable	91,579		72,821		64,457		55,102		57,451		25.8	%	59.4	%
	Goodwill and intangible assets	560,824		561,495		537,700		537,877		538,053		(0.1)	%	4.2	%
	Other assets	1,256,583		1,300,135		1,088,855		1,022,617		1,004,397		(3.3)	%	25.1	%
	Total Assets	$	26,931,702	$	26,146,042	$	25,252,686	$	25,598,310	$	25,796,398	3.0	%	4.4	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	20,649,538	$	21,376,554	$	21,143,866	$	21,541,174	$	21,573,499	(3.4)	%	(4.3)	%
	Borrowings	2,871,207		1,424,681		1,013,315		1,008,934		1,038,109		101.5	%	N/M
	Other liabilities	831,200		873,648		624,412		478,667		472,110		(4.9)	%	76.1	%
	Total Liabilities	24,351,945		23,674,883		22,781,593		23,028,775		23,083,718		2.9	%	5.5	%
	Shareholders' equity	2,579,757		2,471,159		2,471,093		2,569,535		2,712,680		4.4	%	(4.9)	%
	Total Liabilities and Shareholders' Equity	$	26,931,702	$	26,146,042	$	25,252,686	$	25,598,310	$	25,796,398	3.0	%	4.4	%
LOANS, DEPOSITS AND BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	7,693,835	$	7,554,509	$	7,417,036	$	7,289,376	$	7,279,080	1.8	%	5.7	%
	Commercial and industrial	4,452,606		4,208,775		4,098,552		3,992,285		3,906,791		5.8	%	14.0	%
	Real estate - residential mortgage	4,737,279		4,574,228		4,203,827		3,946,741		3,846,750		3.6	%	23.2	%
	Real estate - home equity	1,102,838		1,110,103		1,108,808		1,098,171		1,118,248		(0.7)	%	(1.4)	%
	Real estate - construction	1,269,925		1,273,097		1,177,446		1,210,340		1,139,779		(0.2)	%	11.4	%
	Consumer	699,179		633,666		538,747		481,551		464,657		10.3	%	50.5	%
	Equipment lease financing	260,143		255,060		254,897		253,521		236,344		2.0	%	10.1	%
	Other(2)	43,344		53,671		49,214		39,857		32,448		(19.2)	%	33.6	%
	Net loans before PPP	20,259,149		19,663,109		18,848,527		18,311,842		18,024,097		3.0	%	12.4	%
	PPP	20,398		32,090		72,423		164,277		301,253		(36.4)	%	(93.2)	%
	Total Net Loans	$	20,279,547	$	19,695,199	$	18,920,950	$	18,476,119	$	18,325,350	3.0	%	10.7	%
Deposits, by type:
	Noninterest-bearing demand	$	7,006,388	$	7,372,896	$	7,530,777	$	7,528,391	$	7,370,963	(5.0)	%	(4.9)	%
	Interest-bearing demand	5,410,903		5,676,600		5,403,805		5,625,286		5,819,539		(4.7)	%	(7.0)	%
	Savings	6,434,621		6,563,003		6,406,051		6,479,196		6,403,995		(2.0)	%	0.5	%
	Total demand and savings	18,851,912		19,612,499		19,340,633		19,632,873		19,594,497		(3.9)	%	(3.8)	%
	Brokered	208,416		226,883		243,172		248,833		251,526		(8.1)	%	(17.1)	%
	Time	1,589,210		1,537,172		1,560,061		1,659,468		1,727,476		3.4	%	(8.0)	%
	Total Deposits	$	20,649,538	$	21,376,554	$	21,143,866	$	21,541,174	$	21,573,499	(3.4)	%	(4.3)	%
Borrowings, by type:
	Federal funds purchased	$	191,000	$	136,000	$	20,000	$	—	$	—	40.4	%	N/M
	Federal Home Loan Bank advances	1,250,000		265,500		—		—		—		N/M		N/M
	Senior debt and subordinated debt	539,634		539,461		555,748		555,594		620,406		—	%	(13.0)	%
	Other borrowings	890,573		483,720		437,567		453,340		417,703		84.1	%	113.2	%
	Total Borrowings	$	2,871,207	$	1,424,681	$	1,013,315	$	1,008,934	$	1,038,109	101.5	%	N/M
N/M - Not meaningful
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Consists of overdrafts and net origination fees and costs.

8

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
dollars in thousands, except per share
		Three Months Ended										% Change from				Year Ended
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Dec 31		Dec 31
		2022		2022		2022		2022		2021		2022		2021		2022		2021		% Change
Interest Income:
	Interest income	$	267,847	$	233,691	$	190,299	$	173,001	$	177,724	14.6	%	50.7	%	$	864,838	$	723,412	19.5	%
	Interest expense	41,936		18,109		11,468		11,691		12,111		131.6	%	N/M		83,204		59,682		39.4	%
	Net Interest Income	225,911		215,582		178,831		161,310		165,613		4.8	%	36.4	%	781,634		663,730		17.8	%
	Provision for credit losses	14,513		18,958		1,500		(6,950)		(5,000)		(23.4)	%	N/M		28,021		(14,600)		N/M
	Net Interest Income after     Provision	211,398		196,624		177,331		168,260		170,613		7.5	%	23.9	%	753,613		678,330		11.1	%
Non-Interest Income:
	Commercial banking:
	Merchant and card	7,223		7,601		7,355		6,097		6,588		(5.0)	%	9.6	%	28,276		26,121		8.3	%
	Cash management	5,756		6,483		6,062		5,428		5,318		(11.2)	%	8.2	%	23,729		20,865		13.7	%
	Capital markets	2,627		4,060		3,893		1,676		2,982		(35.3)	%	(11.9)	%	12,256		9,381		30.6	%
	Other commercial banking	2,998		2,664		3,049		2,807		3,592		12.5	%	(16.5)	%	11,518		12,322		(6.5)	%
	Total commercial banking	18,604		20,808		20,359		16,008		18,480		(10.6)	%	0.7	%	75,779		68,689		10.3	%
	Consumer banking:
	Card	6,331		6,278		6,067		5,796		5,953		0.8	%	6.3	%	24,472		23,505		4.1	%
	Overdraft	3,364		4,463		3,881		3,772		3,896		(24.6)	%	(13.7)	%	15,480		12,844		20.5	%
	Other consumer banking	2,380		2,534		2,524		2,106		2,280		(6.1)	%	4.4	%	9,544		9,195		3.8	%
	Total consumer banking	12,075		13,275		12,472		11,674		12,129		(9.0)	%	(0.4)	%	49,496		45,544		8.7	%
	Wealth management	17,531		17,610		18,274		19,428		18,285		(0.4)	%	(4.1)	%	72,843		71,798		1.5	%
	Mortgage banking	2,140		3,720		3,768		4,576		7,243		(42.5)	%	(70.5)	%	14,204		33,576		(57.7)	%
	Other	3,972		3,802		3,510		3,551		7,739		4.5	%	(48.7)	%	14,835		20,622		(28.1)	%
	Non-interest income before      investment securities gains (losses)	54,322		59,215		58,383		55,237		63,876		(8.3)	%	(15.0)	%	227,157		240,229		(5.4)	%
	Investment securities gains (losses), net	(1)		(53)		8		19		5		98.1	%	(120.0)	%	(27)		33,516		(100.1)	%
	Total Non-Interest Income	54,321		59,162		58,391		55,256		63,881		(8.2)	%	(15.0)	%	227,130		273,745		(17.0)	%
Non-Interest Expense:
	Salaries and employee benefits	92,733		94,283		85,404		84,464		85,506		(1.6)	%	8.5	%	356,884		329,138		8.4	%
	Data processing and software	15,448		15,807		14,685		14,315		14,612		(2.3)	%	5.7	%	60,255		56,440		6.8	%
	Net occupancy	14,061		14,025		13,587		14,522		14,366		0.3	%	(2.1)	%	56,195		53,799		4.5	%
	Other outside services	10,860		9,361		8,764		8,167		9,637		16.0	%	12.7	%	37,152		34,194		8.7	%
	Equipment	3,640		3,548		3,422		3,423		3,539		2.6	%	2.9	%	14,033		13,807		1.6	%
	FDIC insurance	3,219		3,158		2,961		3,209		3,032		1.9	%	6.2	%	12,547		10,665		17.6	%
	Professional fees	2,945		2,373		2,013		1,792		1,946		24.1	%	51.3	%	9,123		9,647		(5.4)	%
	Marketing	2,380		1,859		1,326		1,320		1,477		28.0	%	61.1	%	6,885		5,275		30.5	%
	Intangible amortization	688		690		177		176		146		(0.3)	%	N/M		1,731		589		N/M
	Debt extinguishment	—		—		—		—		674		N/M		N/M		—		33,249		(100.0)	%
	Merger-related expenses	1,894		7,006		1,027		401		—		(73.0)	%	N/M		10,328		—		N/M
	Other	20,594		17,448		16,364		14,189		19,084		18.0	%	7.9	%	68,595		71,027		(3.4)	%
	Total Non-Interest Expense	168,462		169,558		149,730		145,978		154,019		(0.6)	%	9.4	%	633,728		617,830		2.6	%
	Income Before Income Taxes	97,257		86,228		85,992		77,538		80,475		12.8	%	20.9	%	347,015		334,245		3.8	%
	Income tax expense	15,424		15,357		16,003		13,250		18,588		0.4	%	(17.0)	%	60,034		58,748		2.2	%
	Net Income	81,833		70,871		69,989		64,288		61,887		15.5	%	32.2	%	286,981		275,497		4.2	%
	Preferred stock dividends	(2,562)		(2,562)		(2,562)		(2,562)		(2,562)		—	%	—	%	(10,248)		(10,277)		0.3	%
	Net Income Available to      Common Shareholders	$	79,271	$	68,309	$	67,427	$	61,726	$	59,325	16.0	%	33.6	%	$	276,733	$	265,220	4.3	%

9

		Three Months Ended					% Change from				Year Ended
		Dec 31	Sep 30	Jun 30	Mar 31	Dec 31	Sep 30		Dec 31		Dec 31
		2022	2022	2022	2022	2021	2022		2021		2022	2021	% Change
PER SHARE:
	Net income available to common shareholders:
	Basic	$0.47	$0.41	$0.42	$0.38	$0.37	14.6	%	27.0	%	$1.69	$1.63	3.7	%
	Diluted	$0.47	$0.40	$0.42	$0.38	$0.37	17.5	%	27.0	%	$1.67	$1.62	3.1	%
	Cash dividends	$0.21	$0.15	$0.15	$0.15	$0.22	40.0	%	(4.5)	%	$0.66	$0.64	3.1	%
	Weighted average shares (basic)	167,504	167,353	160,920	160,588	161,210	0.1	%	3.9	%	164,119	162,233	1.2	%
	Weighted average shares (diluted)	169,136	168,781	162,075	161,911	162,355	0.2	%	4.2	%	165,472	163,307	1.3	%

10

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three months ended
		December 31, 2022						September 30, 2022						December 31, 2021
		Average				Yield/		Average				Yield/		Average				Yield/
		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS
Interest-earning assets:
	Net loans	$	20,004,513	$	241,453	4.80	%	$	19,563,825	$	207,343	4.21	%	$	18,220,550	$	159,057	3.47	%
	Investment securities	4,330,635		27,781		2.56	%	4,500,461		28,022		2.49	%	3,922,197		22,424		2.29	%
	Loans held for sale	9,264		171		7.39	%	9,098		194		8.51	%	35,235		333		3.77	%
	Other interest-earning assets	450,818		2,752		2.43	%	622,673		2,103		1.34	%	2,100,392		(905)		(0.19)	%
	Total Interest-Earning Assets	24,795,230		272,157		4.36	%	24,696,057		237,662		3.83	%	24,278,374		180,909		2.96	%
Noninterest-Earning assets:
	Cash and due from banks	149,472						152,349						211,958
	Premises and equipment	223,245						223,880						226,319
	Other assets	1,488,684						1,545,812						1,677,028
	Less: ACL - loans(2)	(270,276)						(261,003)						(257,143)
	Total Assets	$	26,386,355					$	26,357,095					$	26,136,536
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
	Demand deposits	$	5,479,443	$	4,589	0.33	%	$	5,708,059	$	1,886	0.13	%	$	5,933,780	$	756	0.05	%
	Savings deposits	6,466,775		11,539		0.71	%	6,681,713		3,414		0.20	%	6,413,638		992		0.06	%
	Brokered deposits	215,729		1,947		3.58	%	247,105		1,346		2.16	%	256,192		220		0.34	%
	Time deposits	1,554,885		4,302		1.10	%	1,615,384		3,404		0.84	%	1,756,672		3,928		0.89	%
	Total Interest-Bearing Deposits	13,716,832		22,377		0.65	%	14,252,261		10,050		0.28	%	14,360,282		5,896		0.16	%
	Borrowings	2,025,522		19,559		3.83	%	1,359,348		8,060		2.38	%	1,097,095		6,216		2.29	%
	Total Interest-Bearing Liabilities	15,742,354		41,936		1.06	%	15,611,609		18,110		0.47	%	15,457,377		12,112		0.31	%
Noninterest-Bearing liabilities:
	Demand deposits	7,310,824						7,535,791						7,516,656
	Other	844,029						605,638						449,305
	Total Liabilities	23,897,207						23,753,038						23,423,338
	Total Deposits/Cost of Deposits	21,027,656				0.42	%	21,788,052				0.18	%	21,876,938				0.11	%
	Total interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	23,053,178				0.72	%	23,147,400				0.31	%	22,974,033				0.21	%
	Shareholders' equity	2,489,148						2,604,057						2,713,198
	Total Liabilities and Shareholders' Equity	$	26,386,355					$	26,357,095					$	26,136,536
	Net interest income/net interest margin (fully taxable equivalent)			230,221		3.69	%			219,552		3.54	%			168,797		2.77	%
	Tax equivalent adjustment			(4,310)						(3,970)						(3,184)
	Net Interest Income			$	225,911					$	215,582					$	165,613
	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.

11

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Three months ended										% Change from
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Dec 31
		2022		2022		2022		2022		2021		2022		2021
Loans, by type:
	Real estate - commercial mortgage	$	7,696,997	$	7,566,259	$	7,340,417	$	7,294,914	$	7,157,906	1.7	%	7.5	%
	Commercial and industrial	4,347,406		4,201,399		4,040,587		3,986,900		3,898,559		3.5	%	11.5	%
	Real estate - residential mortgage	4,643,784		4,485,649		4,052,666		3,887,428		3,773,156		3.5	%	23.1	%
	Real estate - home equity	1,106,325		1,099,487		1,118,494		1,106,319		1,122,042		0.6	%	(1.4)	%
	Real estate - construction	1,209,998		1,268,590		1,188,932		1,137,649		1,117,592		(4.6)	%	8.3	%
	Consumer	679,108		604,634		485,095		471,129		462,346		12.3	%	46.9	%
	Equipment lease financing	255,291		252,810		253,659		236,388		238,349		1.0	%	7.1	%
	Other(1)	40,075		35,823		42,476		36,277		15,558		11.9	%	N/M
	Net loans before PPP	19,978,984		19,514,651		18,522,326		18,157,004		17,785,508		2.4	%	12.3	%
	PPP	25,529		49,174		114,849		226,114		435,042		(48.1)	%	(94.1)	%
	Total Net Loans	$	20,004,513	$	19,563,825	$	18,637,175	$	18,383,118	$	18,220,550	2.3	%	9.8	%
Deposits, by type:
	Noninterest-bearing demand	$	7,310,824	$	7,535,791	$	7,647,618	$	7,431,235	$	7,516,656	(3.0)	%	(2.7)	%
	Interest-bearing demand	5,479,443		5,708,059		5,597,975		5,664,987		5,933,780		(4.0)	%	(7.7)	%
	Savings	6,466,775		6,681,713		6,425,634		6,436,548		6,413,638		(3.2)	%	0.8	%
	Total demand and savings	19,257,042		19,925,563		19,671,227		19,532,770		19,864,074		(3.4)	%	(3.1)	%
	Brokered	215,729		247,105		244,200		250,350		256,192		(12.7)	%	(15.8)	%
	Time	1,554,885		1,615,384		1,608,286		1,697,063		1,756,672		(3.7)	%	(11.5)	%
	Total Deposits	$	21,027,656	$	21,788,052	$	21,523,713	$	21,480,183	$	21,876,938	(3.5)	%	(3.9)	%
Borrowings, by type:
	Federal funds purchased	$	261,737	$	96,965	$	2,857	$	—	$	—	N/M		N/M
	Federal Home Loan Bank advances	564,692		206,152		—		—		—		N/M		N/M
	Senior debt and subordinated debt	539,550		554,735		555,701		608,961		622,108		(2.7)	%	(13.3)	%
	Other borrowings	659,543		501,496		445,261		424,854		474,987		31.5	%	38.9	%
	Total Borrowings	$	2,025,522	$	1,359,348	$	1,003,819	$	1,033,815	$	1,097,095	49.0	%	84.6	%
(1) Consists of overdrafts and net origination fees and costs.

12

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Year Ended December 31
		2022						2021
		Average				Yield/		Average				Yield/
		Balance		Interest(1)		Rate		Balance		Interest(1)		Rate
ASSETS
Interest-earning assets:
	Net loans	$	19,152,740	$	765,603	4.00	%	$	18,627,787	$	644,387	3.46	%
	Investment securities	4,364,627		106,115		2.43	%	3,673,250		86,325		2.35	%
	Loans held for sale	14,974		866		5.78	%	39,211		1,302		3.32	%
	Other interest-earning assets	814,731		7,249		0.89	%	2,014,954		3,694		0.18	%
	Total Interest-Earning Assets	24,347,072		879,833		3.61	%	24,355,202		735,708		3.02	%
Noninterest-Earning assets:
	Cash and due from banks	156,050						165,942
	Premises and equipment	220,982						228,708
	Other assets	1,505,277						1,686,053
	Less: ACL - loans(2)	(257,897)						(265,572)
	Total Assets	$	25,971,484					$	26,170,333
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
	Demand deposits	$	5,593,942	$	8,219	0.15	%	$	5,979,479	$	3,662	0.06	%
	Savings deposits	6,458,165		16,642		0.26	%	6,306,967		4,936		0.08	%
	Brokered deposits	262,359		4,097		1.56	%	286,901		1,096		0.38	%
	Time deposits	1,617,804		14,871		0.92	%	1,939,446		20,311		1.05	%
	Total Interest-Bearing Deposits	13,932,270		43,829		0.31	%	14,512,793		30,005		0.21	%
	Total borrowings	1,358,357		39,375		2.89	%	1,297,963		29,677		2.29	%
	Total Interest-Bearing Liabilities	15,290,627		83,204		0.54	%	15,810,756		59,682		0.38	%
Noninterest-Bearing liabilities:
	Demand deposits	7,522,304						7,211,153
	Other	598,230						462,478
	Total Liabilities	23,411,161						23,484,387
	Total Deposits/Cost of Deposits	21,454,574				0.20	%	21,723,946				0.14	%
	Total interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	22,812,931				0.36	%	23,021,909				0.26	%
	Shareholders' equity	2,560,323						2,685,946
	Total Liabilities and Shareholders' Equity	$	25,971,484					$	26,170,333
	Net interest income/net interest margin (fully taxable equivalent)			796,629		3.27	%			676,026		2.78	%
	Tax equivalent adjustment			(14,995)						(12,296)
	Net Interest Income			$	781,634					$	663,730
	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.

13

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Year Ended December 31
		2022		2021		% Change
Loans, by type:
	Real estate - commercial mortgage	$	7,523,806	$	7,149,712	5.2	%
	Commercial and industrial	4,126,916		3,932,351		4.9	%
	Real estate - residential mortgage	4,261,527		3,501,072		21.7	%
	Real estate - home equity	1,101,142		1,141,042		(3.5)	%
	Real estate - construction	1,178,550		1,078,350		9.3	%
	Consumer	569,305		456,427		24.7	%
	Equipment lease financing	249,595		252,104		(1.0)	%
	Other(1)	38,682		(3,776)		N/M
	Net loans before PPP	19,049,523		17,507,282		8.8	%
	PPP	103,217		1,120,505		(90.8)	%
	Total Net Loans	$	19,152,740	$	18,627,787	2.8	%
Deposits, by type:
	Noninterest-bearing demand	$	7,522,304	$	7,211,153	4.3	%
	Interest-bearing demand	5,593,942		5,979,479		(6.4)	%
	Savings	6,458,165		6,306,967		2.4	%
	Total demand and savings	19,574,411		19,497,599		0.4	%
	Brokered	262,359		286,901		(8.6)	%
	Time	1,617,804		1,939,446		(16.6)	%
	Total Deposits	$	21,454,574	$	21,723,946	(1.2)	%
Borrowings, by type:
	Federal funds purchased	$	91,125	$	—	N/M
	Federal Home Loan Bank advances	194,295		126,677		53.4	%
	Senior debt and subordinated debt	564,337		657,386		(14.2)	%
	Other borrowings	508,600		513,900		(1.0)	%
	Total Borrowings	$	1,358,357	$	1,297,963	4.7	%
N/M - Not meaningful
(1) Consists of overdrafts and net origination fees and costs.

14

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three months ended															Year Ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Dec 31			Dec 31
		2022			2022			2022			2022			2021			2022			2021
Allowance for credit losses related to net loans:
Balance at beginning of period		$	266,838		$	248,564		$	243,705		$	249,001		$	256,727		$	249,001		$	277,567
	CECL Day 1 provision expense	—			7,954			—			—			—			7,954			—
	Initial purchased credit deteriorated loans	—			1,135			—			—			—			1,135			—
	Loans charged off:
	Commercial and industrial	(179)			(1,783)			(201)			(227)			(9,417)			(2,390)			(15,337)
	Real estate - commercial mortgage	(12,235)			(86)			—			(152)			(369)			(12,473)			(8,726)
	Consumer and home equity	(1,311)			(1,172)			(877)			(1,052)			(828)			(4,412)			(3,309)
	Real estate - residential mortgage	—			—			(66)			—			—			(66)			(1,290)
	Real estate - construction	—			—			—			—			—			—			(39)
	Equipment lease financing and other	(505)			(683)			(474)			(469)			(380)			(2,131)			(2,251)
	Total loans charged off	(14,230)			(3,724)			(1,618)			(1,900)			(10,994)			(21,472)			(30,952)
Recoveries of loans previously charged off:
	Commercial and industrial	961			2,213			739			1,980			5,795			5,893			9,587
	Real estate - commercial mortgage	183			29			3,536			112			1,007			3,860			2,474
	Consumer and home equity	683			682			762			454			767			2,581			2,345
	Real estate - residential mortgage	10			101			92			222			89			425			375
	Real estate - construction	530			—			12			32			77			574			1,412
	Equipment lease financing and other	132			247			226			154			283			759			953
	Recoveries of loans previously charged off	2,499			3,272			5,367			2,954			8,018			14,092			17,146
Net loans recovered (charged off)		(11,731)			(452)			3,749			1,054			(2,976)			(7,380)			(13,806)
Provision for credit losses		14,259			9,637			1,110			(6,350)			(4,750)			18,656			(14,760)
Balance at end of period		$	269,366		$	266,838		$	248,564		$	243,705		$	249,001		$	269,366		$	249,001
Net (recoveries) charge offs to average loans		0.23		%	0.01		%	(0.08)		%	(0.02)		%	0.07		%	0.04		%	0.07		%
Provision for credit losses related to OBS Credit Exposures
	Provision for credit losses	$254			$1,367			$390			($600)			($250)
NON-PERFORMING ASSETS:
	Non-accrual loans	$	144,443		$	178,204		$	162,530		$	136,799		$	143,666
	Loans 90 days past due and accruing	27,463			14,559			11,016			24,182			8,453
	Total non-performing loans	171,906			192,763			173,546			160,981			152,119
	Other real estate owned	5,790			5,877			4,786			2,014			1,817
	Total non-performing assets	$	177,696		$	198,640		$	178,332		$	162,995		$	153,936
NON-PERFORMING LOANS, BY TYPE:
	Commercial and industrial	$	28,288		$	29,831		$	44,713		$	30,193		$	30,629
	Real estate - commercial mortgage	72,634			96,281			59,940			64,190			54,044
	Real estate - residential mortgage	46,509			41,597			42,922			39,308			39,399
	Consumer and home equity	9,800			10,016			10,552			11,465			11,505
	Real estate - construction	1,368			1,456			1,357			672			901
	Equipment lease financing and other	13,307			13,582			14,062			15,153			15,641
	Total non-performing loans	$	171,906		$	192,763		$	173,546		$	160,981		$	152,119

15

FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share data and percentages)
Explanatory note:	This press release contains supplemental financial information, as detailed below, that 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
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2022		2022		2022		2022		2021
Operating net income available to common shareholders
Net income available to common shareholders		$	79,271	$	68,309	$	67,427	$	61,726	$	59,325
Plus: Core deposit intangible amortization		514		514		—		—		—
Plus: Merger-related expenses		1,894		7,006		1,027		401		—
Plus: CECL Day 1 Provision expense		—		7,954		—		—		—
Less: Tax impact of adjustments		(506)		(3,250)		(216)		(84)		—
Operating net income available to common shareholders (numerator)		$	81,173	$	80,533	$	68,238	$	62,043	$	59,325
Weighted average shares (diluted) (denominator)		169,136		168,781		162,075		161,911		162,355
Operating net income available to common shareholders, per share (diluted)		$	0.48	$	0.48	$	0.42	$	0.38	$	0.37
Common shareholders' equity (tangible), per share
Shareholders' equity		$	2,579,757	$	2,471,159	$	2,471,093	$	2,569,535	$	2,712,680
Less: Preferred stock		(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets		(560,824)		(561,495)		(537,700)		(537,877)		(538,053)
Tangible common shareholders' equity (numerator)		$	1,826,055	$	1,716,786	$	1,740,515	$	1,838,780	$	1,981,749
Shares outstanding, end of period (denominator)		167,599		167,399		161,057		160,669		160,490
Common shareholders' equity (tangible), per share		$	10.90	$	10.26	$	10.81	$	11.44	$	12.35
Operating return on average assets
Net income		$	81,833	$	70,871	$	69,989	$	64,288	$	61,887
Plus: Core deposit intangible amortization		514		514		—		—		—
Plus: Merger-related expenses		1,894		7,006		1,027		401		—
Plus: CECL Day 1 Provision expense		—		7,954		—		—		—
Less: Tax impact of adjustments		(506)		(3,250)		(216)		(84)		—
Operating net income (numerator)		$	83,735	$	83,095	$	70,800	$	64,605	$	61,887
Total average assets (denominator)		$	26,386,355	$	26,357,095	$	25,578,432	$	25,622,462	$	26,136,536
Operating return on average assets		1.26%		1.25%		1.11%		1.02%		0.94%
Return on average common shareholders' equity (tangible)
Net income available to common shareholders		$	79,271	$	68,309	$	67,427	$	61,726	$	59,325
Plus: Intangible amortization		688		690		177		176		146
Plus: Merger-related expenses		1,894		7006		1027		401		—
Plus: CECL Day 1 Provision expense		—		7,954		—		—		—
Less: Tax impact of adjustments		(542)		(3,287)		(253)		(122)		(32)
Operating net income available to common shareholders (numerator)		$	81,311	$	80,672	$	68,378	$	62,181	$	59,439
Average shareholders' equity		$	2,489,148	$	2,604,057	$	2,531,346	$	2,688,834	$	2,713,198
Less: Average preferred stock		(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Average goodwill and intangible assets		(561,219)		(562,285)		(537,786)		(537,976)		(536,638)
Average tangible common shareholders' equity (denominator)		$	1,735,051	$	1,848,894	$	1,800,682	$	1,957,980	$	1,983,682
Return on average common shareholders' equity (tangible)		18.59%		17.31%		15.23%		12.88%		11.89%

16

	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2022		2022		2022		2022		2021
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity	$	2,579,757	$	2,471,159	$	2,471,093	$	2,569,535	$	2,712,680
Less: Preferred stock	(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Goodwill and intangible assets	(560,824)		(561,495)		(537,700)		(537,877)		(538,053)
Tangible common shareholders' equity (numerator)	$	1,826,055	$	1,716,786	$	1,740,515	$	1,838,780	$	1,981,749
Total assets	$	26,931,702	$	26,146,042	$	25,252,686	$	25,598,310	$	25,796,398
Less: Goodwill and intangible assets	(560,824)		(561,495)		(537,700)		(537,877)		(538,053)
Total tangible assets (denominator)	$	26,370,878	$	25,584,547	$	24,714,986	$	25,060,433	$	25,258,345
Tangible common equity to tangible assets	6.92%		6.71%		7.04%		7.34%		7.85%
Tangible common equity to tangible assets (TCE Ratio) excluding AOCI
Shareholders' equity	$	2,579,757	$	2,471,159	$	2,471,093	$	2,569,535	$	2,712,680
Less: Preferred stock	(192,878)		(192,878)		(192,878)		(192,878)		(192,878)
Less: Accumulated other comprehensive income (loss)	(385,476)		(442,947)		(304,210)		(158,855)		27,411
Less: Goodwill and intangible assets	(560,824)		(561,495)		(537,700)		(537,877)		(538,053)
Tangible common shareholders' equity (numerator)	$	2,211,531	$	2,159,733	$	2,044,725	$	1,997,635	$	1,954,338
Total assets	$	26,931,702	$	26,146,042	$	25,252,686	$	25,598,310	$	25,796,398
Less: Goodwill and intangible assets	(560,824)		(561,495)		(537,700)		(537,877)		(538,053)
Plus: AOCI - unrealized losses/(gains) on AFS investments securities	632,456		368,196		249,424		112,965		(40,444)
Total tangible assets (denominator)	$	27,003,334	$	25,952,743	$	24,964,410	$	25,173,398	$	25,217,901
Tangible common equity to tangible assets, excluding AOCI	8.19%		8.32%		8.19%		7.94%		7.75%
Efficiency ratio
Non-interest expense	$	168,462	$	169,558	$	149,730	$	145,978	$	154,019
Less: Amortization of tax credit investments	(696)		(696)		(696)		(696)		(1,547)
Less: Merger-related expenses	(1,894)		(7,006)		(1,027)		(401)		—
Less: Intangible amortization	(688)		(690)		(177)		(176)		(146)
Less: Debt extinguishment costs	—		—		—		—		(674)
Non-interest expense (numerator)	$	165,184	$	161,166	$	147,830	$	144,705	$	151,652
Net interest income	$	225,911	$	215,582	$	178,831	$	161,310	$	165,613
Tax equivalent adjustment	4,310		3,970		3,427		3,288		3,184
Plus: Total non-interest income	54,321		59,162		58,391		55,256		63,881
Less: Investment securities (gains) losses, net	1		53		(8)		(19)		(5)
Total revenue (denominator)	$	284,543	$	278,767	$	240,641	$	219,835	$	232,673
Efficiency ratio	58.1%		57.8%		61.4%		65.8%		65.2%
Operating non-interest expenses to total average assets
Non-interest expense	$	168,462	$	169,558	$	149,730	$	145,978	$	154,019
Less: Amortization of tax credit investments	(696)		(696)		(696)		(696)		(1,547)
Less: Intangible amortization	(688)		(690)		(177)		(176)		(146)
Less: Merger-related expenses	(1,894)		(7,006)		(1,027)		(401)		—
Less: Debt extinguishment costs	—		—		—		—		(674)
Non-interest expense (numerator)	$	165,184	$	161,166	$	147,830	$	144,705	$	151,652
Total average assets (denominator)	$	26,386,355	$	26,357,095	$	25,578,432	$	25,622,462	$	26,136,536
Operating non-interest expenses to total average assets	2.48%		2.43%		2.32%		2.29%		2.30%

17

	Three months ended
	Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
	2022		2022		2022		2022		2021
Asset Quality, excluding PPP
Net loans recovered (charged-off) (numerator)	$	(11,731)	$	(452)	$	3,749	$	1,054	$	(2,976)
Average net loans	$	20,004,513	$	19,563,825	$	18,637,175	$	18,383,118	$	18,220,550
Less: Average PPP loans	(25,529)		(49,174)		(114,849)		(226,114)		(435,042)
Total adjusted average loans (denominator)	$	19,978,984	$	19,514,651	$	18,522,326	$	18,157,004	$	17,785,508
Net charge-offs (recoveries) to adjusted average loans	0.23%		0.01%		(0.08)%		(0.02)%		0.07%
Non-performing loans (numerator)	$	171,906	$	192,763	$	173,546	$	160,981	$	152,119
Net loans	$	20,279,547	$	19,695,199	$	18,920,950	$	18,476,119	$	18,325,350
Less: PPP loans	(20,398)		(32,090)		(72,423)		(164,277)		(301,253)
Total adjusted loans (denominator)	$	20,259,149	$	19,663,109	$	18,848,527	$	18,311,842	$	18,024,097
Non-performing loans to total adjusted loans	0.85%		0.98%		0.92%		0.88%		0.84%
ACL - loans (numerator)	$	269,366	$	266,838	$	248,564	$	243,705	$	249,001
Net loans	$	20,279,547	$	19,695,199	$	18,920,950	$	18,476,119	$	18,325,350
Less: PPP loans	(20,398)		(32,090)		(72,423)		(164,277)		(301,253)
Total adjusted loans (denominator)	$	20,259,149	$	19,663,109	$	18,848,527	$	18,311,842	$	18,024,097
ACL - loans to total adjusted loans	1.33%		1.36%		1.32%		1.33%		1.38%
Pre-provision net revenue
Net interest income	$	225,911	$	215,582	$	178,831	$	161,310	$	165,613
Non-interest income	54,321		59,162		58,391		55,256		63,881
Less: Investment securities (gains) losses, net	1		53		(8)		(19)		(5)
Total revenue	$	280,233	$	274,797	$	237,214	$	216,547	$	229,489
Non-interest expense	$	168,462	$	169,558	$	149,730	$	145,978	$	154,019
Less: Amortization on tax credit investments	(696)		(696)		(696)		(696)		(1,547)
Less: Merger-related expenses	(1,894)		(7,006)		(1,027)		(401)		—
Less: Intangible amortization	(688)		(690)		(177)		(176)		(146)
Less: Debt extinguishment	—		—		—		—		(674)
Total non-interest expense	$	165,184	$	161,166	$	147,830	$	144,705	$	151,652
Pre-provision net revenue	$	115,049	$	113,631	$	89,384	$	71,842	$	77,837
Note: numbers may not sum due to rounding.

18

EX-99.2

FOURTH QUARTER 2022 RESULTS NASDAQ: FULT Data as of or for the period ended December 31, 2022 unless otherwise noted

This presentation may contain forward-looking statements with respect to the 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," “projects,” the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation’s future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation’s business or financial results. Management’s "2023 Outlook "contained herein is comprised of forward-looking statements. Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation’s control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. 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. A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation’s actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, and other current and periodic reports, which have been or will be filed with the Securities and Exchange Commission (the "SEC") and are or will be available in the Investor Relations section of the Corporation’s website (www.fultonbank.com) and on the SEC’s website (www.sec.gov). The Corporation uses certain financial measures in this presentation that have been derived by methods other than generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are reconciled to the most comparable GAAP measures at the end of this presentation. FORWARD-LOOKING STATEMENTS 2

(1) Non-GAAP financial measure. Please refer to the calculation and management’s reasons for using this measure on the slide titled “Non-GAAP Reconciliation” at the end of this presentation. INCOME STATEMENT SUMMARY 3 4Q22 3Q22 4Q21 (dollars in thousands, except per-share data) Net interest income $225,911 $215,582 $165,613 Provision for credit losses 14,513 18,958 (5,000) Non-interest income 54,322 59,215 63,876 Securities gains (losses) (1) (53) 5 Non-interest expense 166,568 162,552 154,019 Merger-related expenses 1,894 7,006 — Income before income taxes 97,257 86,228 80,475 Income taxes 15,424 15,357 18,588 Net income 81,833 70,871 61,887 Preferred stock dividends (2,562) (2,562) (2,562) Net income available to common shareholders $79,271 $68,309 $59,325 Net income available to common shareholders, per share (diluted) $0.47 $0.40 $0.37 Operating net income available to common shareholders, per share (diluted)(1) $0.48 $0.48 $0.37 ROAA 1.23% 1.07% 0.94% Operating ROAA(1) 1.26% 1.25% 0.94% ROAE 13.70% 11.24% 9.34% ROAE (tangible)(1) 18.59% 17.31% 11.89% Efficiency ratio(1) 58.1% 57.8% 65.2%

NET INTEREST INCOME AND MARGIN Net Interest Income & Net Interest Margin Average Interest-Earning Assets & Yields Average Deposits and Borrowings & Cost of Funds (DOLLARS IN MILLIONS) (DOLLARS IN BILLIONS) (DOLLARS IN BILLIONS) 4 $22 $21 $22 $22 $21 $1 $1 $1 $1 $2 0.21% 0.21% 0.20% 0.31% 0.72% 0.11% 0.11% 0.11% 0.18% 0.42% Cost of Deposits Cost of Funds Borrowings Deposits 4Q21 1Q22 2Q22 3Q22 4Q22 $10 $15 $20 $25 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% $166 $161 $179 $216 $226 2.77% 2.78% 3.04% 3.54% 3.69% Net Interest Income Net Interest Margin (Fully-taxable equivalent basis, or FTE) 4Q21 1Q22 2Q22 3Q22 4Q22 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 $220 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% $18 $18 $19 $20 $20 $6 $6 $5 $5 $5 2.96% 2.98% 3.24% 3.83% 4.36% Loans Securities & Other Interest-Earning Asset Yield (FTE) 4Q21 1Q22 2Q22 3Q22 4Q22 $5 $10 $15 $20 2.00% 4.00% 6.00% 8.00%

ASSET QUALITY (DOLLARS IN MILLIONS) Provision for Credit Losses Non-Performing Loans (NPLs) & NPLs to Loans Net Charge-offs (NCOs) and NCOs to Average Loans ACL(1) to NPLs & Loans 5 1. The allowance for credit losses (“ACL”) relates specifically to "Loans, net of unearned income" and does not include the ACL related to off-balance-sheet credit exposures. 2. Non-GAAP financial measure. Please refer to the calculation and management's reasons for using this measure on the slide titled "Non-GAAP Reconciliation" at the end of this presentation. 3. Includes the CECL Day 1 provision for credit losses of $8.0 million for the acquired Prudential Bancorp loan portfolio. $(5) $(7) $2 $19 $15 4Q21 1Q22 2Q22 3Q22 4Q22 $(10) $(5) $— $5 $10 $15 $20 $152 $161 $174 $193 $172 0.83% 0.87% 0.92% 0.98% 0.85% NPL NPLs/Loans 4Q21 1Q22 2Q22 3Q22 4Q22 $100 $125 $150 $175 $200 0.00% 0.50% 1.00% $3 $(1) $(4) $0 $120.07% -0.02% -0.08% 0.01% 0.23% Net charge-offs/(recoveries) NCOs/Average Loans (annualized) 4Q21 1Q22 2Q22 3Q22 4Q22 $(5) $0 $5 $10 $15 $20 $25 (0.50)% (0.25)% 0.00% 0.25% 0.50% 164% 151% 143% 138% 157% 1.38% 1.33% 1.32% 1.36% 1.33% 1.36% 1.32% 1.31% 1.35% 1.33% ACL/NPLs ACL/Loans excl PPP(2) ACL/Loans 4Q21 1Q22 2Q22 3Q22 4Q22 50% 75% 100% 125% 150% 175% 200% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 2.25% (3)

NON-INTEREST INCOME(1) (1) Excluding investment securities gains Three months ended December 31, 2022 (percent of total non-interest income) 6 Non-interest income decreased 8% from 3Q22(1) Driven primarily by: n Commercial banking customer swap fees and cash management fees. n Mortgage Banking income as a result of lower volumes and spreads. n Consumer banking overdraft fees. 32% 4% 23% 34% 7% Wealth Management Mortgage Banking Consumer Banking Commercial Banking Other 4Q22 3Q22 Change (dollars in thousands) n Commercial Banking $18,604 $20,808 ($2,204) n Wealth Management 17,531 17,610 (79) n Consumer Banking 12,075 13,275 (1,200) n Mortgage Banking 2,140 3,720 (1,580) n Other 3,972 3,802 170 Total $54,322 $59,215 ($4,893)

NON-INTEREST EXPENSE(1) Three months ended December 31, 2022 (percent of total non-interest expense) 7 56% 8% 9% 7% 20% Salaries and Benefits Occupancy Data Processing and Software Other Outside Services Other 4Q22 3Q22 Change (dollars in thousands) n Salaries and Benefits $92,733 $94,283 ($1,550) n Data Processing and Software 15,448 15,807 (359) n Occupancy 14,061 14,025 36 n Other Outside Services 10,860 9,361 1,499 n Other 33,466 29,076 4,390 Total $166,568 $162,552 $4,016 Non-interest expense, excluding merger-related expenses, increased 2.5% from 3Q22 Driven primarily by: Increases in: n Other expense primarily due to a $1.9 million contingent liability, $0.8 million for branch- related closures, $0.6 million in fraud-related losses and $0.5 million in marketing expenses. n Other Outside Services driven by technology-related services. Decreases in: n Salaries and benefits of $1.6 million, or 1.6%. . (1) Excluding merger-related expenses

CAPITAL POSITION REMAINS STRONG(1) 8 1. Regulatory capital ratios and excess capital amounts as of December 31, 2022 are preliminary. 2. Excesses shown are to regulatory minimums, including the 250 basis point capital conservation buffer, except for Tier 1 Leverage which is the well-capitalized minimum. 9.4% 10.0% 10.8% 13.5% Regulatory Minimums Excess(2) Tier 1 Leverage CE Tier 1 Tier 1 Risk-Based Total Risk-Based —% 2.5% 5.0% 7.5% 10.0% 12.5% 15.0% 17.5% $1,142 $524 $668 $681 (as of December 31, 2022) (dollars in millions)

2023 OUTLOOK 9 Net interest income: $895 - $915 million(1) Non-interest income: $220 - $235 million(2) Non-interest expense: $645 - $665 million Effective tax rate: 19.0% +/- (1) Assumes Fed Funds Rate increases of 50 bps in February 2023 and 25 bps in March 2023. (2) Excludes investment securities gains.

NON-GAAP RECONCILIATION 10 Note: The Corporation has presented the following 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 and financial condition. 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. 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. Three months ended (dollars in thousands) Dec 31 Sep 30 Dec 31 2022 2022 2021 Operating net income available to common shareholders Net income available to common shareholders $79,271 $68,309 $59,325 Plus: Core deposit intangible amortization 514 514 — Plus: Merger-related expenses 1,894 7,006 — Plus: CECL Day 1 Provision expense — 7,954 — Less: Tax impact of adjustments (506) (3,250) — Operating net income available to common shareholders (numerator) $81,173 $80,533 $59,325 Weighted average shares (diluted) (denominator) 169,136 168,781 162,355 Operating net income available to common shareholders, per share (diluted) $0.48 $0.48 $0.37

NON-GAAP RECONCILIATION 11 (dollars in thousands) Three months ended Dec 31 Sep 30 Dec 31 2022 2022 2021 Operating return on average assets Net income $81,833 $70,871 $61,887 Plus: Core deposit intangible amortization 514 514 — Plus: Merger-related expenses 1,894 7,006 — Plus: CECL Day 1 Provision expense — 7,954 — Less: Tax impact of adjustments (506) (3,250) — Operating net income (numerator) $83,735 $83,095 $61,887 Total average assets (denominator) $26,386,355 $26,357,095 $26,136,536 Operating return on average assets 1.26 % 1.25 % 0.94 %

NON-GAAP RECONCILIATION 12 Three months ended (dollars in thousands) Dec 31 Sep 30 Dec 31 2022 2022 2021 Return on average common shareholders' equity (tangible) Net income available to common shareholders $79,271 $68,309 $59,325 Plus: Intangible amortization 688 690 146 Plus: CECL Day 1 Provision expense — 7,954 — Plus: Merger-related expenses 1,894 7,006 — Less: Tax impact of adjustments (542) (3,287) (32) Operating net income available to common shareholders (numerator) $81,311 $80,672 $59,439 Average shareholders' equity $2,489,148 $2,604,057 $2,713,198 Less: Average preferred stock (192,878) (192,878) (192,878) Less: Average goodwill and intangible assets (561,219) (562,285) (536,638) Average tangible common shareholders' equity (denominator) $1,735,051 $1,848,894 $1,983,682 Return on average common shareholders' equity (tangible) 18.59 % 17.31 % 11.89 %

NON-GAAP RECONCILIATION 13 (dollars in thousands) Three months ended Dec 31 Sep 30 Dec 31 Efficiency ratio 2022 2022 2021 Non-interest expense $168,462 $169,558 $154,019 Less: Amortization of tax credit investments (696) (696) (1,547) Less: Intangible amortization (688) (690) (146) Less: Merger-related expenses (1,894) (7,006) — Less: Debt extinguishment costs — — (674) Non-interest expense (numerator) $165,184 $161,166 $151,652 Net interest income $225,911 $215,582 $165,613 Tax equivalent adjustment 4,310 3,970 3,184 Plus: Total non-interest income 54,321 59,162 63,881 Less: Investment securities (gains) losses, net 1 53 (5) Total revenue (denominator) $284,543 $278,767 $232,673 Efficiency ratio 58.1% 57.8% 65.2% Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 Asset Quality, excluding PPP 2022 2022 2022 2022 2021 ACL - loans (numerator) $269,366 $266,838 $248,564 $243,705 $249,001 Net loans $20,279,547 $19,695,199 $18,920,950 $18,476,119 $18,325,350 Less: PPP loans (20,398) (32,090) (72,423) (164,277) (301,253) Total adjusted loans (denominator) $20,259,149 $19,663,109 $18,848,527 $18,311,842 $18,024,097 ACL - loans to total adjusted loans 1.33% 1.36% 1.32% 1.33% 1.38%

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Cover Page	Jan. 17, 2023
Document Information [Line Items]
Document Type	8-K/A
Document Period End Date	Jan. 17, 2023
Entity Registrant Name	Fulton Financial Corporation
Entity Central Index Key	0000700564
Amendment Flag	true
Entity Incorporation, State or Country Code	PA
Entity File Number	001-39680
Entity Tax Identification Number	23-2195389
Entity Address, Address Line Two	P.O. Box 4887
Entity Address, Address Line One	One Penn Square,
Entity Address, City or Town	Lancaster,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17604
City Area Code	717
Local Phone Number	291-2411
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $2.50
Trading Symbol	FULT
Security Exchange Name	NASDAQ
Series A Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
Trading Symbol	FULTP
Security Exchange Name	NASDAQ