8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 22, 2018

Fulton Financial Corporation

(Exact name of Registrant as specified in its Charter)

Pennsylvania	0-10587	23-2195389
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)
One Penn Square Lancaster, Pennsylvania		17604
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 717-291-2411

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

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. £

Item 2.02 - Results of Operations and Financial Condition

On January 22, 2018, Fulton Financial Corporation (“Fulton”) issued a press release (the “Press Release”) announcing its results of operations for the fourth quarter and year ended December 31, 2017. A copy of the Press Release and supplementary financial information which accompanied the Press Release, are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report and are incorporated herein by reference. Fulton also posted on its Investor Relations website, www.fult.com, presentation materials Fulton intends to use during a conference call and webcast to discuss those results on Tuesday, January 23, 2018 at 10:00 a.m. Eastern Time. A copy of the presentation materials is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

Forward-Looking Statements

This Current Report on Form 8-K, including the Exhibits hereto, may contain forward-looking statements with respect to Fulton’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. Statements relating to the “outlook” or “2018 Outlook” contained in Exhibit 99.3 to this Current Report are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond Fulton’s control and ability to predict, that could cause actual results to differ materially from those expressed in the forward-looking statements.

A discussion of certain risks and uncertainties affecting Fulton, and some of the factors that could cause Fulton’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 Fulton’s Annual Report on Form 10-K for the year ended December 31, 2016 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017, which have been filed with the Securities and Exchange Commission and are available in the Investors Relations section of Fulton’s website (www.fult.com) and on the Securities and Exchange Commission’s website (www.sec.gov). Fulton 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.

Item 9.01 Financial Statements And Exhibits

(d)Exhibits.

Exhibit No.	Description
99.1	Press Release dated January 22, 2018.
99.2	Supplemental financial information for the quarter and year ended December 31, 2017.
99.3	Presentation materials to be discussed during the conference call and webcast on January 23, 2018.

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 22, 2018	FULTON FINANCIAL CORPORATION
	By: /s/ Philmer H. Rohrbaugh
	Philmer H. Rohrbaugh
	Senior Executive Vice President,
	Chief Operating Officer and
	Chief Financial Officer

EX-99.1

Exhibit 99.1

FULTON FINANCIAL

CORPORATION

FOR IMMEDIATE RELEASE

Media Contact: Stacey Karshin (717) 291-2739

Investor Contact: Jason Weber (717) 327-2394

Fulton Financial reports Fourth Quarter Net Income of $34.0 million, or $0.19 per share (Excluding tax charge⁽¹⁾⁽²⁾, Fourth Quarter Net Income was $49.6 million, or $0.28 per share)

Fulton Financial reports 2017 Net Income of $171.8 million, or $0.98 per share (Excluding tax charge⁽¹⁾⁽²⁾, 2017 Net Income was $187.4 million, or $1.07 per share)

2017 Key Accomplishments

• Record year of revenues and net income, excluding tax charge⁽¹⁾⁽²⁾ 

• Average loan growth of 7.8% and average demand and savings deposit growth of 8.1%

• Asset quality continues to be stable

• Pre-provision net revenue⁽²⁾ increased 18.7%

• Fulton Financial surpasses $20 billion in total assets

(January 22, 2018) - Lancaster, PA - Fulton Financial Corporation (NASDAQ:FULT) (the “Corporation”) reported net income of $34.0 million, or $0.19 per diluted share, for the fourth quarter of 2017, and net income of $171.8 million, or $0.98 per diluted share, for 2017. In the fourth quarter of 2017, a $15.6 million, or $0.09 per diluted share, charge to income tax expense was recorded related to the re-measurement of net deferred tax assets resulting from the new 21% federal corporate income tax rate established by the Tax Cuts and Jobs Act enacted in December 2017.

"2017 was another solid year of performance for our organization as we generated positive operating leverage, and hit record levels in revenue and net income, excluding the tax charge,” said E. Phillip Wenger, Chairman and CEO. “I’m extremely proud of our team’s hard work this year, and continued focus on driving shareholder value. We look forward to 2018 and believe we are well-positioned for an even better year.”

(1) In the fourth quarter of 2017, a $15.6 million charge to income taxes was recorded related to the re-measurement of net deferred tax assets resulting from the new federal tax legislation enacted in December 2017.

(2) Non-GAAP measure; see accomanying tables for reconcilation.

Net Interest Income and Margin

Net interest income for the fourth quarter of 2017 increased $2.6 million, or 1.8%, from the third quarter of 2017. Net interest margin increased two basis points to 3.29% in the fourth quarter of 2017, from 3.27% in the third quarter of 2017. The average yield on interest-earning assets increased three basis points, while the average cost of interest-bearing liabilities increased one basis point. The three basis point increase in the average yield on interest-earning assets reflects a two basis point increase in loan yields and a six basis point increase in investment yields.

For the year ended December 31, 2017, net interest income increased $54.6 million, or 10.5%, from 2016. Net interest margin increased ten basis points to 3.28%. The average yield on interest-earning assets increased thirteen basis points and the average cost of interest-bearing liabilities increased four basis points from 2016.

Balance Sheet

Total average assets for the fourth quarter of 2017 were $20.1 billion, an increase of $199.9 million from the third quarter of 2017. Average loans, net of unearned income, increased $168.1 million, or 1.1%, in comparison to the third quarter of 2017. Average loans and yields, by type, for the fourth quarter of 2017 in comparison to the third quarter of 2017 are summarized in the following table:

	Three Months Ended								Increase (decrease)
	December 31, 2017				September 30, 2017				in Balance
	Balance		Yield (1)		Balance		Yield (1)		$			%
	(dollars in thousands)
Average Loans, net of unearned income, by type:
Real estate - commercial mortgage	$	6,232,674	4.09	%	$	6,208,630	4.07	%	$	24,044		0.4	%
Commercial - industrial, financial, and agricultural	4,263,199		4.05	%	4,257,075		4.08	%	6,124			0.1	%
Real estate - residential mortgage	1,926,067		3.83	%	1,841,559		3.83	%	84,508			4.6	%
Real estate - home equity	1,560,713		4.52	%	1,569,898		4.48	%	(9,185		)	(0.6	)%
Real estate - construction	1,004,166		4.27	%	943,029		4.05	%	61,137			6.5	%
Consumer	312,320		4.75	%	318,546		4.94	%	(6,226		)	(2.0	)%
Leasing and other	261,046		5.36	%	253,330		4.91	%	7,716			3.0	%
Total Average Loans, net of unearned income	$	15,560,185	4.14	%	$	15,392,067	4.12	%	$	168,118		1.1	%
(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.

For the year ended December 31, 2017, average loans increased $1.1 billion, or 7.8%, compared to 2016. Loans at December 31, 2017 increased $281.3 million, or 1.8%, compared to September 30, 2017 and $1.1 billion, or 7.3%, compared to December 31, 2016.

Total average liabilities increased $178.2 million, or 1.0%, from the third quarter of 2017, while average deposits increased $181.3 million, or 1.1%. Average deposits and interest rates, by type, for the fourth quarter of 2017 in comparison to the third quarter of 2017 are summarized in the following table:

	Three Months Ended								Increase (decrease)
	December 31, 2017				September 30, 2017				in Balance
	Balance		Rate		Balance		Rate		$			%
	(dollars in thousands)
Average Deposits, by type:
Noninterest-bearing demand	$	4,454,456	—	%	$	4,494,897	—	%	$	(40,441	)	(0.9	)%
Interest-bearing demand	4,037,879		0.40	%	3,943,118		0.39	%	94,761			2.4	%
Savings and money market deposits	4,752,337		0.38	%	4,603,155		0.34	%	149,182			3.2	%
Total average demand and savings	13,244,672		0.26	%	13,041,170		0.24	%	203,502			1.6	%
Brokered deposits	105,135		1.27	%	89,767		1.23	%	$	15,368		17.1	%
Time deposits	2,706,982		1.18	%	2,744,532		1.15	%	(37,550		)	(1.4	)%
Total Average Deposits	$	16,056,789	0.42	%	$	15,875,469	0.40	%	$	181,320		1.1	%

For the year ended December 31, 2017, average deposits increased $895.7 million, or 6.1%, compared to 2016. Deposits at December 31, 2017 decreased $344.2 million, or 2.1%, compared to September 30, 2017 and increased $784.7 million, or 5.2%, compared to December 31, 2016.

Asset Quality

Non-performing assets were $144.6 million, or 0.72% of total assets, at December 31, 2017, compared to $147.0 million, or 0.73% of total assets, at September 30, 2017 and $144.5 million, or 0.76% of total assets, at December 31, 2016.

Annualized net charge-offs for the quarters ended December 31, 2017 and September 30, 2017 were 0.14% of total average loans. The allowance for credit losses as a percentage of non-performing loans was 131% at December 31, 2017, as compared to 128% at September 30, 2017 and 130% at December 31, 2016.

During the fourth quarter of 2017, the Corporation recorded a $6.7 million provision for credit losses, compared to a $5.1 million provision for credit losses in the third quarter of 2017. For the year ended December 31, 2017, the provision for credit losses was $23.3 million, an increase of $10.1 million from 2016.

Non-interest Income

Non-interest income in the fourth quarter of 2017, excluding investment securities gains, increased $7.6 million, or 16.1%, in comparison to the third quarter of 2017. A $5.1 million net gain was recognized in the fourth quarter of 2017 upon the settlement of litigation. Other service

charges and fees increased $1.6 million, or 12.9%, due primarily to increases in commercial loan interest rate swap fees and debit card income. Investment management and trust services income increased $1.0 million, or 8.2%. Also contributing to the increase in non-interest income were higher gains from the sales of Small Business Administration (SBA) loans. Slightly offsetting these increases was a seasonal decline in mortgage banking income.

For the year ended December 31, 2017, non-interest income, excluding investment securities gains, increased $11.3 million, or 6.0%, primarily due to the $5.1 million net gain recognized upon the settlement of litigation in the fourth quarter of 2017 and increases in investment management and trust services income, SBA income, debit and credit card income and merchant fees.

Gains on sales of investment securities for the fourth quarter of 2017 were $1.9 million, a decrease of $2.7 million in comparison to the third quarter of 2017. In the fourth quarter of 2017, the corporation continued to recognize gains on the sales of financial institution common stocks, which totaled $6.4 million. The Corporation also repositioned its investment portfolio through the sale of certain debt securities, which resulted in total pre-tax net losses of approximately $4.5 million that partially offset these gains. For the year ended December 31, 2017, gains on sales of investment securities increased $6.5 million.

Non-interest Expense

Non-interest expense increased $6.3 million, or 4.8%, in the fourth quarter of 2017, compared to the third quarter of 2017. Included in other expenses in the fourth quarter of 2017 was a $3.4 million write-off of certain accumulated capital expenditures related to in-process technology initiatives in commercial banking due to a strategic shift to an alternative solution. Additionally, in the fourth quarter of 2017, the Corporation incurred approximately $1.0 million of costs related to defining requirements for, and selecting, the alternative technology solution, which was recorded in other outside services. Other increases occurred in salaries and employee benefits, net occupancy expense, FDIC insurance expense, and other real estate owned and repossession expense included in other expense.

For the year ended December 31, 2017, non-interest expense increased $36.1 million, or 7.4%, compared to 2016. This increase was primarily due to the amortization of tax credit investments and increases in salaries and employee benefits, other outside services, state taxes, net occupancy expenses, software expenses and the aforementioned $3.4 million write-off.

Income Tax Expense

The effective income tax rate for the fourth quarter of 2017 was 44.4%, as compared to 20.5% for the third quarter of 2017. Excluding the $15.6 million charge related to the re-measurement of net deferred tax assets, the effective tax rate for the fourth quarter of 2017 would

have been 18.9%. Based on the new corporate income tax rates effective January 1, 2018, the Corporation’s effective tax rate in 2018 and future years is expected to be substantially lower than in 2017 and in prior years.

The tax charge was estimated by the Corporation as of December 31, 2017 based on an initial analysis of the Act and may be adjusted in future periods following completion of the Corporation’s 2017 federal income tax return and evaluation of the effects, if any, of implementation guidance or regulations that may be issued by the Internal Revenue Service on the Corporation’s initial analysis of the Act.

Additional information on Fulton Financial Corporation is available on the Internet at

www.fult.com.

Safe Harbor Statement

This news 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" and similar expressions which are intended to identify forward-looking statements. These 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.

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, 2016 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017, which have been filed with the Securities and Exchange Commission and are available in the Investor Relations section of the Corporation's website (www.fult.com) and on the Securities and Exchange Commission's website (www.sec.gov). 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.

Non-GAAP Financial Measures

The Corporation uses certain non-GAAP financial measures in this earnings release. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this release.

EX-99.2

Exhibit 99.2
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
																	% Change from
		December 31			September 30			June 30			March 31			December 31			September 30		December 31
		2017			2017			2017			2017			2016			2017		2016
ASSETS
	Cash and due from banks	$	108,291		$	99,803		$	94,938		$	93,844		$	118,763		8.5	%	(8.8	)%
	Other interest-earning assets	354,566			645,796			392,842			350,387			291,252			(45.1	)%	21.7	%
	Loans held for sale	31,530			23,049			62,354			24,783			28,697			36.8	%	9.9	%
	Investment securities	2,547,956			2,561,516			2,488,699			2,506,017			2,559,227			(0.5	)%	(0.4	)%
	Loans, net of unearned income	15,768,247			15,486,899			15,346,617			14,963,177			14,699,272			1.8	%	7.3	%
	Allowance for loan losses	(169,910		)	(172,245		)	(172,342		)	(170,076		)	(168,679		)	(1.4	)%	0.7	%
	Net loans	15,598,337			15,314,654			15,174,275			14,793,101			14,530,593			1.9	%	7.3	%
	Premises and equipment	222,802			221,551			217,558			216,171			217,806			0.6	%	2.3	%
	Accrued interest receivable	52,910			50,082			47,603			46,355			46,294			5.6	%	14.3	%
	Goodwill and intangible assets	531,556			531,556			531,556			531,556			531,556			—	%	—	%
	Other assets	588,957			614,853			637,610			616,362			620,059			(4.2	)%	(5.0	)%
	Total Assets	$	20,036,905		$	20,062,860		$	19,647,435		$	19,178,576		$	18,944,247		(0.1	)%	5.8	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	15,797,532		$	16,141,780		$	15,357,361		$	15,090,344		$	15,012,864		(2.1	)%	5.2	%
	Short-term borrowings	617,524			298,751			694,859			453,317			541,317			106.7	%	14.1	%
	Other liabilities	353,646			358,384			365,484			342,323			339,548			(1.3	)%	4.2	%
	FHLB advances and long-term debt	1,038,346			1,038,159			1,037,961			1,137,909			929,403			—	%	11.7	%
	Total Liabilities	17,807,048			17,837,074			17,455,665			17,023,893			16,823,132			(0.2	)%	5.8	%
	Shareholders' equity	2,229,857			2,225,786			2,191,770			2,154,683			2,121,115			0.2	%	5.1	%
	Total Liabilities and Shareholders' Equity	$	20,036,905		$	20,062,860		$	19,647,435		$	19,178,576		$	18,944,247		(0.1	)%	5.8	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	6,364,804		$	6,275,140		$	6,262,008		$	6,118,533		$	6,018,582		1.4	%	5.8	%
	Commercial - industrial, financial and agricultural	4,300,297			4,223,075			4,245,849			4,167,809			4,087,486			1.8	%	5.2	%
	Real estate - residential mortgage	1,954,711			1,887,907			1,784,712			1,665,142			1,601,994			3.5	%	22.0	%
	Real estate - home equity	1,559,719			1,567,473			1,579,739			1,595,901			1,625,115			(0.5	)%	(4.0	)%
	Real estate - construction	1,006,935			973,108			938,900			882,983			843,649			3.5	%	19.4	%
	Consumer	313,783			302,448			283,156			288,826			291,470			3.7	%	7.7	%
	Leasing and other	267,998			257,748			252,253			243,983			230,976			4.0	%	16.0	%
	Total Loans, net of unearned income	$	15,768,247		$	15,486,899		$	15,346,617		$	14,963,177		$	14,699,272		1.8	%	7.3	%
Deposits, by type:
	Noninterest-bearing demand	$	4,437,294		$	4,363,915		$	4,574,619		$	4,417,733		$	4,376,137		1.7	%	1.4	%
	Interest-bearing demand	4,018,107			4,119,419			3,650,204			3,702,663			3,703,712			(2.5	)%	8.5	%
	Savings and money market accounts	4,586,746			4,790,985			4,386,128			4,251,574			4,179,773			(4.3	)%	9.7	%
	Total demand and savings	13,042,147			13,274,319			12,610,951			12,371,970			12,259,622			(1.7	)%	6.4	%
	Brokered deposits	90,473			109,936			—			—			—			(17.7	)%	—	%
	Time deposits	2,664,912			2,757,525			2,746,410			2,718,374			2,753,242			(3.4	)%	(3.2	)%
	Total Deposits	$	15,797,532		$	16,141,780		$	15,357,361		$	15,090,344		$	15,012,864		(2.1	)%	5.2	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	172,017		$	185,945		$	174,224		$	181,170		$	195,734		(7.5	)%	(12.1	)%
	Customer short-term promissory notes	225,507			106,994			74,366			87,726			67,013			110.8	%	N/M
	Short-term FHLB advances	—			—			240,000			130,000			—			—	%	—	%
	Federal funds purchased	220,000			5,812			206,269			54,421			278,570			N/M		(21.0	)%
	Total Short-term Borrowings	$	617,524		$	298,751		$	694,859		$	453,317		$	541,317		106.7	%	14.1	%
N/M - Not meaningful

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
in thousands, except per-share data and percentages
		Three Months Ended															% Change from				Year ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Sep 30		Dec 31		December 31
		2017			2017			2017			2017			2016			2017		2016		2017			2016			% Change
Interest Income:
	Interest income	$	174,987		$	171,511		$	163,881		$	158,487		$	153,012		2.0	%	14.4	%	$	668,866		$	603,100		10.9	%
	Interest expense	25,574			24,702			22,318			20,908			20,775			3.5	%	23.1	%	93,502			82,328			13.6	%
	Net Interest Income	149,413			146,809			141,563			137,579			132,237			1.8	%	13.0	%	575,364			520,772			10.5	%
	Provision for credit losses	6,730			5,075			6,700			4,800			5,000			32.6	%	34.6	%	23,305			13,182			76.8	%
	Net Interest Income after Provision	142,683			141,734			134,863			132,779			127,237			0.7	%	12.1	%	552,059			507,590			8.8	%
Non-Interest Income:
	Other service charges and fees	13,829			12,251			14,342			12,437			13,333			12.9	%	3.7	%	52,859			51,473			2.7	%
	Investment management and trust services	13,152			12,157			12,132			11,808			11,610			8.2	%	13.3	%	49,249			45,270			8.8	%
	Service charges on deposit accounts	12,670			13,022			12,914			12,400			12,814			(2.7	)%	(1.1	)%	51,006			51,346			(0.7	)%
	Mortgage banking income	4,386			4,805			6,141			4,596			6,959			(8.7	)%	(37.0	)%	19,928			19,415			2.6	%
	Other	10,987			5,142			5,406			4,326			6,514			113.7	%	68.7	%	25,861			20,124			28.5	%
	Non-Interest Income before Investment Securities Gains	55,024			47,377			50,935			45,567			51,230			16.1	%	7.4	%	198,903			187,628			6.0	%
	Investment securities gains	1,932			4,597			1,436			1,106			1,525			(58.0	)%	26.7	%	9,071			2,550			N/M
	Total Non-Interest Income	56,956			51,974			52,371			46,673			52,755			9.6	%	8.0	%	207,974			190,178			9.4	%
Non-Interest Expense:
	Salaries and employee benefits	73,504			72,894			74,496			69,236			73,256			0.8	%	0.3	%	290,130			283,353			2.4	%
	Net occupancy expense	12,549			12,180			12,316			12,663			11,798			3.0	%	6.4	%	49,708			47,611			4.4	%
	Data processing and software	10,401			10,301			9,054			8,979			9,442			1.0	%	10.2	%	38,735			36,919			4.9	%
	Other outside services	7,665			6,582			7,708			5,546			6,536			16.5	%	17.3	%	27,501			23,883			15.1	%
	Professional fees	3,632			3,388			2,931			2,737			2,783			7.2	%	30.5	%	12,688			11,004			15.3	%
	FDIC insurance expense	3,618			3,007			2,366			2,058			2,067			20.3	%	75.0	%	11,049			9,767			13.1	%
	Amortization of tax credit investments	3,376			3,503			3,151			998			—			(3.6	)%	100.0	%	11,028			—			100.0	%
	Equipment expense	3,244			3,298			3,034			3,359			3,408			(1.6	)%	(4.8	)%	12,935			12,788			1.1	%
	Marketing	1,725			2,089			2,234			1,986			1,730			(17.4	)%	(0.3	)%	8,034			7,044			14.1	%
	Other	18,738			14,915			15,405			14,713			16,601			25.6	%	12.9	%	63,771			57,150			11.6	%
	Total Non-Interest Expense	138,452			132,157			132,695			122,275			127,621			4.8	%	8.5	%	525,579			489,519			7.4	%
	Income Before Income Taxes	61,187			61,551			54,539			57,177			52,371			(0.6	)%	16.8	%	234,454			208,249			12.6	%
	Income tax expense	27,186			12,646			9,072			13,797			10,221			115.0	%	166.0	%	62,701			46,624			34.5	%
	Net Income	$	34,001		$	48,905		$	45,467		$	43,380		$	42,150		(30.5	)%	(19.3	)%	$	171,753		$	161,625		6.3	%
PER SHARE:
	Net income:
	Basic	$	0.19		$	0.28		$	0.26		$	0.25		$	0.24		(32.1	)%	(20.8	)%	$	0.98		$	0.93		5.4	%
	Diluted	0.19			0.28			0.26			0.25			0.24			(32.1	)%	(20.8	)%	0.98			0.93			5.4	%
	Cash dividends	$	0.14		$	0.11		$	0.11		$	0.11		$	0.12		27.3	%	16.7	%	$	0.47		$	0.41		14.6	%
	Shareholders' equity	12.74			12.71			12.54			12.36			12.19			0.2	%	4.5	%	12.74			12.19			4.5	%
	Shareholders' equity (tangible)	9.70			9.68			9.50			9.31			9.13			0.2	%	6.2	%	9.70			9.13			6.2	%
	Weighted average shares (basic)	175,132			174,991			174,597			174,150			173,554			0.1	%	0.9	%	174,721			173,325			0.8	%
	Weighted average shares (diluted)	176,374			176,216			175,532			175,577			174,874			0.1	%	0.9	%	175,932			174,418			0.9	%
	Shares outstanding, end of period	175,170			175,057			174,740			174,343			174,040			0.1	%	0.6	%	175,170			174,040			0.6	%
SELECTED FINANCIAL RATIOS:
	Return on average assets	0.67		%	0.98		%	0.94		%	0.92		%	0.89		%					0.88		%	0.88		%
	Return on average shareholders' equity	6.03		%	8.76		%	8.36		%	8.22		%	7.86		%					7.83		%	7.69		%
	Return on average shareholders' equity (tangible)	7.91		%	11.52		%	11.06		%	10.93		%	10.47		%					10.33		%	10.30		%
	Net interest margin	3.29		%	3.27		%	3.29		%	3.26		%	3.15		%					3.28		%	3.18		%
	Efficiency ratio	64.24		%	64.30		%	65.33		%	64.23		%	67.60		%					64.52		%	67.16		%
Financial information, as adjusted (1):
	Net income	$	49,635																		$	187,387
	Net income per share, diluted	$	0.28																		$	1.07
	Return on average assets	0.98		%																	0.96		%
	Return on average shareholders' equity	8.80		%																	8.54		%
	Return on average shareholders' equity (tangible)	11.55		%																	11.27		%
N/M - Not meaningful
(1) Excluding the estimated re-measurement of net deferred tax assets of $15.6 million, which is considered a Non-GAAP based financial measure. Please refer to the calculation and management’s reasons for using this measure on the page titled “Non-GAAP Reconciliation” at the end of this document.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three Months Ended
		December 31, 2017								September 30, 2017								December 31, 2016
		Average						Yield/		Average						Yield/		Average						Yield/
		Balance			Interest (1)			Rate		Balance			Interest (1)			Rate		Balance			Interest (1)			Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	15,560,185		$	162,050		4.14%		$	15,392,067		$	159,454		4.12%		$	14,475,816		$	141,826		3.90%
	Taxable investment securities	2,177,833			12,218			2.24%		2,115,931			11,423			2.16%		2,096,086			10,941			2.09%
	Tax-exempt investment securities	411,398			4,526			4.40%		408,594			4,492			4.40%		389,047			4,234			4.35%
	Equity securities	2,219			33			5.91%		8,709			143			6.52%		13,068			181			5.52%
	Total Investment Securities	2,591,450			16,777			2.59%		2,533,234			16,058			2.53%		2,498,201			15,356			2.46%
	Loans held for sale	21,874			245			4.48%		22,456			243			4.33%		24,411			199			3.26%
	Other interest-earning assets	571,981			1,755			1.22%		590,676			1,667			1.12%		411,369			966			0.94%
	Total Interest-earning Assets	18,745,490			180,827			3.83%		18,538,433			177,422			3.80%		17,409,797			158,347			3.62%
Noninterest-earning assets:
	Cash and due from banks	112,958								101,643								117,741
	Premises and equipment	223,698								220,129								226,482
	Other assets	1,163,686								1,186,622								1,171,031
	Less: allowance for loan losses	(173,253		)						(174,101		)						(164,523		)
	Total Assets	$	20,072,579							$	19,872,726							$	18,760,528
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	4,037.879		$	4,111		0.40%		$	3,943,118		$	3,847		0.39%		$	3,714,391		$	1,927		0.21%
	Savings deposits	4,752.337			4,594			0.38%		4,603,155			3,962			0.34%		4,216,090			2,249			0.21%
	Brokered deposits	105.135			336			1.27%		89,767			277			1.23%		—			—			—	%
	Time deposits	2,706.982			8,041			1.18%		2,744,532			7,937			1.15%		2,777,203			7,593			1.09%
	Total Interest-bearing Deposits	11,602.333			17,082			0.58%		11,380,572			16,023			0.56%		10,707,684			11,769			0.44%
	Short-term borrowings	391.284			372			0.38%		402,341			578			0.57%		308,094			116			0.15%
	FHLB advances and long-term debt	1,038.257			8,120			3.12%		1,038,062			8,100			3.11%		947,661			8,891			3.74%
	Total Interest-bearing Liabilities	13,031.874			25,574			0.78%		12,820,975			24,701			0.77%		11,963,439			20,776			0.69%
Noninterest-bearing liabilities:
	Demand deposits	4,454.456								4,494,897								4,331,894
	Other	349.218								341,465								332,540
	Total Liabilities	17,835.548								17,657,337								16,627,873
	Shareholders' equity	2,237.031								2,215,389								2,132,655
	Total Liabilities and Shareholders' Equity	$	20,072.579							$	19,872,726							$	18,760,528
	Net interest income/net interest margin (fully taxable equivalent)				155,253			3.29%					152,721			3.27%					137,571			3.15%
	Tax equivalent adjustment				(5,840		)						(5,912		)						(5,334		)
	Net interest income				$	149,413							$	146,809							$	132,237
	(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
	Note: The weighted average interest rate on total average interest-bearing liabilities and average non-interest bearing demand deposits (“cost of funds”) was 0.58%, 0.57% and 0.51% for the three months ended December 31, 2017, September 30, 2017 and December 31, 2016, respectively.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Three Months Ended														% Change from
		Dec 31			Sep 30			Jun 30		Mar 31			Dec 31			Sep 30		Dec 31
		2017			2017			2017		2017			2016			2017		2016
Loans, by type:
	Real estate - commercial mortgage	$	6,232,674		$	6,208,630		$	6,163,844	$	6,039,140		$	5,828,313		0.4	%	6.9		%
	Commercial - industrial, financial and agricultural	4,263,199			4,257,075			4,221,025		4,205,072			4,081,498			0.1	%	4.5		%
	Real estate - residential mortgage	1,926,067			1,841,559			1,707,929		1,637,669			1,572,895			4.6	%	22.5		%
	Real estate - home equity	1,560,713			1,569,898			1,587,680		1,613,249			1,633,668			(0.6	)%	(4.5		)%
	Real estate - construction	1,004,166			943,029			897,321		840,966			845,528			6.5	%	18.8		%
	Consumer	312,320			318,546			300,967		284,352			289,864			(2.0	)%	7.7		%
	Leasing and other	261,046			253,330			248,439		237,114			224,050			3.0	%	16.5		%
	Total Loans, net of unearned income	$	15,560,185		$	15,392,067		$	15,127,205	$	14,857,562		$	14,475,816		1.1	%	7.5		%
Deposits, by type:
	Noninterest-bearing demand	$	4,454,456		$	4,494,897		$	4,387,517	$	4,301,727		$	4,331,894		(0.9	)%	2.8		%
	Interest-bearing demand	4,037,879			3,943,118			3,690,059		3,650,931			3,714,391			2.4	%	8.7		%
	Savings and money market accounts	4,752,337			4,603,155			4,315,495		4,194,216			4,216,090			3.2	%	12.7		%
	Total demand and savings	13,244,672			13,041,170			12,393,071		12,146,874			12,262,375			1.6	%	8.0		%
	Brokered deposits	105,135			89,767			—		—			—			17.1	%	100.0		%
	Time deposits	2,706,982			2,744,532			2,696,033		2,739,453			2,777,203			(1.4	)%	(2.5		)%
	Total Deposits	$	16,056,789		$	15,875,469		$	15,089,104	$	14,886,327		$	15,039,578		1.1	%	6.8		%
Short-term borrowings, by type:
	Customer repurchase agreements	$	179,948		$	176,415		$	199,657	$	199,403		$	200,126		2.0	%	(10.1		)%
	Customer short-term promissory notes	195,951			80,147			77,554		79,985			67,355			144.5	%	190.9		%
	Federal funds purchased	15,374			90,453			242,375		308,220			40,613			(83.0	)%	(62.1		)%
	Short-term FHLB advances and other borrowings	11			55,326			113,516		124,889			—			(100.0	)%	100.0		%
	Total Short-term Borrowings	$	391,284		$	402,341		$	633,102	$	712,497		$	308,094		(2.7	)%	27.0		%

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Year Ended December 31
		2017								2016
		Average								Average
		Balance			Interest (1)			Yield/Rate		Balance			Interest (1)			Yield/Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	15,236,612		$	620,803		4.07	%	$	14,128,064		$	558,472		3.95	%
	Taxable investment securities	2,132,426			47,029			2.21	%	2,128,497			44,975			2.11	%
	Tax-exempt investment securities	407,157			17,794			4.37	%	327,098			14,865			4.54	%
	Equity securities	8,331			500			6.00	%	13,969			780			5.58	%
	Total Investment Securities	2,547,914			65,323			2.56	%	2,469,564			60,620			2.45	%
	Loans held for sale	20,008			876			4.38	%	19,697			728			3.70	%
	Other interest-earning assets	451,015			5,066			1.12	%	407,471			3,779			0.93	%
	Total Interest-earning Assets	18,255,549			692,068			3.79	%	17,024,796			623,599			3.66	%
Noninterest-earning assets:
	Cash and due from banks	108,523								104,772
	Premises and equipment	219,960								227,047
	Other assets	1,168,759								1,179,437
	Less: allowance for loan losses	(172,424		)						(164,879		)
	Total Assets	$	19,580,367							$	18,371,173
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	3,831,865		$	12,976		0.34	%	$	3,552,886		$	6,654		0.19	%
	Savings deposits	4,468,205			13,477			0.30	%	4,054,970			7,981			0.20	%
	Brokered deposits	49,126			613			1.25	%	—			—			—	%
	Time deposits	2,721,724			30,726			1.13	%	2,825,722			30,058			1.06	%
	Total Interest-bearing Deposits	11,070,920			57,792			0.52	%	10,433,578			44,693			0.43	%
	Short-term borrowings	533,564			2,779			0.52	%	395,727			855			0.21	%
	FHLB advances and long-term debt	1,034,444			32,932			3.18	%	959,142			36,780			3.83	%
	Total Interest-bearing Liabilities	12,638,928			93,503			0.74	%	11,788,447			82,328			0.70	%
Noninterest-bearing liabilities:
	Demand deposits	4,410,301								4,151,967
	Other	337,275								330,125
	Total Liabilities	17,386,504								16,270,539
	Shareholders' equity	2,193,863								2,100,634
	Total Liabilities and Shareholders' Equity	$	19,580,367							$	18,371,173
	Net interest income/net interest margin (fully taxable equivalent)				598,565			3.28	%				541,271			3.18	%
	Tax equivalent adjustment				(23,201		)						(20,499		)
	Net interest income				$	575,364							$	520,772
(1) Presented on a tax-equivalent basis using a 35% Federal tax rate and statutory interest expense disallowances.
Note: The weighted average interest rate on total average interest-bearing liabilities and average non-interest bearing demand deposits (“cost of funds”) was 0.55% and 0.52% for the years ended December 31, 2017 and 2016, respectively.
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
		Year Ended
		December 31
		2017			2016			% Change
Loans, by type:
	Real estate - commercial mortgage	$	6,161,731		$	5,636,696		9.3	%
	Commercial - industrial, financial and agricultural	4,236,810			4,080,854			3.8	%
	Real estate - residential mortgage	1,779,270			1,464,744			21.5	%
	Real estate - home equity	1,582,705			1,651,112			(4.1	)%
	Real estate - construction	921,879			824,182			11.9	%
	Consumer	304,162			276,792			9.9	%
	Leasing and other	250,055			193,684			29.1	%
	Total Loans, net of unearned income	$	15,236,612		$	14,128,064		7.8	%
Deposits, by type:
	Noninterest-bearing demand	$	4,410,301		$	4,151,967		6.2	%
	Interest-bearing demand	3,831,865			3,552,886			7.9	%
	Savings and money market accounts	4,468,205			4,054,970			10.2	%
	Total demand and savings	12,710,371			11,759,823			8.1	%
	Brokered deposits	49,126			—			100.0	%
	Time deposits	2,721,724			2,825,722			(3.7	)%
	Total Deposits	$	15,481,221		$	14,585,545		6.1	%
Short-term borrowings, by type:
	Customer repurchase agreements	$	188,769		$	184,978		2.0	%
	Customer short-term promissory notes	108,649			72,224			50.4	%
	Federal funds purchased	163,102			127,604			27.8	%
	Short-term FHLB advances and other borrowings	73,044			10,921			N/M
	Total Short-term Borrowings	$	533,564		$	395,727		34.8	%
N/M - Not meaningful

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
		2017			2017			2017			2017			2016			2017			2016
ALLOWANCE FOR CREDIT LOSSES:
Balance at beginning of period		$	174,749		$	174,998		$	172,647		$	171,325		$	165,169		$	171,325		$	171,412
	Loans charged off:
	Commercial - industrial, financial and agricultural	(5,473		)	(2,714		)	(5,353		)	(5,527		)	(1,319		)	(19,067		)	(15,276		)
	Consumer and home equity	(1,071		)	(920		)	(1,022		)	(1,554		)	(2,156		)	(4,567		)	(7,712		)
	Real estate - commercial mortgage	(220		)	(483		)	(242		)	(1,224		)	(174		)	(2,169		)	(3,580		)
	Real estate - residential mortgage	(152		)	(195		)	(124		)	(216		)	(116		)	(687		)	(2,326		)
	Real estate - construction	—			(2,744		)	(774		)	(247		)	—			(3,765		)	(1,218		)
	Leasing and other	(457		)	(739		)	(1,200		)	(639		)	(589		)	(3,035		)	(3,815		)
	Total loans charged off	(7,373		)	(7,795		)	(8,715		)	(9,407		)	(4,354		)	(33,290		)	(33,927		)
Recoveries of loans previously charged off:
	Commercial - industrial, financial and agricultural	941			665			1,974			4,191			2,192			7,771			8,981
	Consumer and home equity	466			445			685			373			580			1,969			2,466
	Real estate - commercial mortgage	178			106			934			450			885			1,668			3,373
	Real estate - residential mortgage	186			219			151			230			288			786			1,072
	Real estate - construction	32			629			373			548			1,080			1,582			3,924
	Leasing and other	175			407			249			137			485			968			842
	Recoveries of loans previously charged off	1,978			2,471			4,366			5,929			5,510			14,744			20,658
Net loans recovered (charged off)		(5,395		)	(5,324		)	(4,349		)	(3,478		)	1,156			(18,546		)	(13,269		)
Provision for credit losses		6,730			5,075			6,700			4,800			5,000			23,305			13,182
Balance at end of period		$	176,084		$	174,749		$	174,998		$	172,647		$	171,325		$	176,084		$	171,325
Net charge-offs (recoveries) to average loans (annualized)		0.14		%	0.14		%	0.11		%	0.09		%	(0.03		)%	0.12		%	0.09		%
NON-PERFORMING ASSETS:
	Non-accrual loans	$	124,749		$	123,345		$	122,600		$	117,264		$	120,133
	Loans 90 days past due and accruing	10,010			13,124			13,143			14,268			11,505
	Total non-performing loans	134,759			136,469			135,743			131,532			131,638
	Other real estate owned	9,823			10,542			11,432			11,906			12,815
	Total non-performing assets	$	144,582		$	147,011		$	147,175		$	143,438		$	144,453
NON-PERFORMING LOANS, BY TYPE:
	Commercial - industrial, financial and agricultural	$	54,309		$	54,209		$	51,320		$	43,826		$	43,460
	Real estate - commercial mortgage	35,446			34,650			32,576			36,713			39,319
	Real estate - residential mortgage	20,972			21,643			21,846			23,597			23,655
	Real estate - construction	12,197			13,415			16,564			13,550			9,842
	Consumer and home equity	11,803			12,472			13,156			13,408			15,045
	Leasing	32			80			281			438			317
	Total non-performing loans	$	134,759		$	136,469		$	135,743		$	131,532		$	131,638
TROUBLED DEBT RESTRUCTURINGS (TDRs), BY TYPE:
	Real-estate - residential mortgage	$	26,016		$	26,193		$	26,368		$	27,033		$	27,617
	Consumer and home equity	15,584			14,822			12,064			9,638			8,633
	Real-estate - commercial mortgage	13,959			14,439			13,772			15,237			15,957
	Commercial - industrial, financial and agricultural	10,820			7,512			8,086			7,441			6,627
	Real estate - construction	—			169			1,475			273			726
	Total accruing TDRs	$	66,379		$	63,135		$	61,765		$	59,622		$	59,560
	Non-accrual TDRs (1)	29,051			28,742			29,373			27,220			27,850
	Total TDRs	$	95,430		$	91,877		$	91,138		$	86,842		$	87,410
(1) Included within non-accrual loans above.

DELINQUENCY RATES, BY TYPE:
		Total Delinquency
		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2017		2017		2017		2017		2016
	Real estate - commercial mortgage	0.77	%	0.75	%	0.66	%	0.78	%	0.78	%
	Commercial - industrial, financial and agricultural	1.50	%	1.54	%	1.43	%	1.25	%	1.31	%
	Real estate - construction	1.32	%	1.50	%	1.82	%	1.99	%	1.29	%
	Real estate - residential mortgage	2.04	%	2.25	%	2.08	%	2.44	%	2.74	%
	Consumer, home equity, leasing and other	1.37	%	1.38	%	1.34	%	1.22	%	1.45	%
	Total
		1.24	%	1.28	%	1.20	%	1.23	%	1.27	%
ASSET QUALITY RATIOS:		Dec 31		Sep 30		Jun 30		Mar 31		Dec 31
		2017		2017		2017		2017		2016
	Non-accrual loans to total loans	0.79	%	0.80	%	0.80	%	0.78	%	0.82	%
	Non-performing loans to total loans	0.85	%	0.88	%	0.88	%	0.88	%	0.90	%
	Non-performing assets to total loans and OREO	0.92	%	0.95	%	0.96	%	0.96	%	0.98	%
	Non-performing assets to total assets	0.72	%	0.73	%	0.75	%	0.75	%	0.76	%
	Allowance for credit losses to loans outstanding	1.12	%	1.13	%	1.14	%	1.15	%	1.17	%
	Allowance for credit losses to non-performing loans	130.67	%	128.05	%	128.92	%	131.26	%	130.15	%
	Non-performing assets to tangible common shareholders' equity and allowance for credit losses	7.71	%	7.87	%	8.02	%	7.99	%	8.20	%

FULTON FINANCIAL CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (UNAUDITED)
in thousands, except per share data and percentages
Explanatory note:	This press release contains certain financial information, as detailed below, which has been derived by methods other than Generally Accepted Accounting Principles ("GAAP"). The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's quarterly 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															Year Ended
		Dec 31			Sep 30			Jun 30			Mar 31			Dec 31			Dec 31			Dec 31
		2017			2017			2017			2017			2016			2017			2016
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,229,857		$	2,225,786		$	2,191,770		$	2,154,683		$	2,121,115
Less: Goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)
Tangible shareholders' equity (numerator)		$	1,698,301		$	1,694,230		$	1,660,214		$	1,623,127		$	1,589,559
Shares outstanding, end of period (denominator)		175,170			175,057			174,740			174,343			174,040
Shareholders' equity (tangible), per share		$	9.70		$	9.68		$	9.50		$	9.31		$	9.13
Return on average common shareholders' equity (tangible)
Net Income - Numerator		$	34,001		$	48,905		$	45,467		$	43,380		$	42,150		$	171,753		$	161,625
Average shareholders' equity		$	2,237,031		$	2,215,389		$	2,181,189		$	2,140,547		$	2,132,655		$	2,193,863		$	2,100,634
Less: Average goodwill and intangible assets		(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)	(531,556		)
Average tangible shareholders' equity (denominator)		$	1,705,475		$	1,683,833		$	1,649,633		$	1,608,991		$	1,601,099		$	1,662,307		$	1,569,078
Return on average common shareholders' equity (tangible), annualized		7.91		%	11.52		%	11.06		%	10.93		%	10.47		%	10.33		%	10.30		%
Efficiency ratio
Non-interest expense		$	138,452		$	132,157		$	132,695		$	122,275		$	127,621		$	525,579		$	489,519
Less: Amortization of tax credit investments (1)		(3,376		)	(3,503		)	(3,151		)	(998		)	—			(11,028		)	—
Non-interest expense - Numerator		$	135,076		$	128,654		$	129,544		$	121,277		$	127,621		$	514,551		$	489,519
Net interest income (fully taxable equivalent)		$	155,253		$	152,721		$	147,349		$	143,243		$	137,571		$	598,565		$	541,271
Plus: Total Non-interest income		56,956			51,974			52,371			46,673			52,755			207,974			190,178
Less: Investment securities gains		(1,932		)	(4,597		)	(1,436		)	(1,106		)	(1,525		)	(9,071		)	(2,550		)
Denominator		$	210,277		$	200,098		$	198,284		$	188,810		$	188,801		$	797,468		$	728,899
Efficiency ratio		64.24		%	64.30		%	65.33		%	64.23		%	67.60		%	64.52		%	67.16		%
Non-performing assets to tangible common shareholders' equity and allowance for credit losses
Non-performing assets (numerator)		$	144,582		$	147,011		$	147,175		$	143,438		$	144,453
Tangible shareholders' equity		$	1,698,301		$	1,694,230		1,660,214			1,623,127			$	1,589,559
Plus: Allowance for credit losses		176,084			174,749			174,998			172,647			171,325
Tangible shareholders' equity and allowance for credit losses (denominator)		$	1,874,385		$	1,868,979		$	1,835,212		$	1,795,774		$	1,760,884
Non-performing assets to tangible common shareholders' equity and allowance for credit losses		7.71		%	7.87		%	8.02		%	7.99		%	8.20		%
Pre-provision net revenue
Net interest income		$	149,413		$	146,809		$	141,563		$	137,579		$	132,237		$	575,364		$	520,772
Non-interest income		56,956			51,974			52,371			46,673			52,755			207,974			190,178
Less: Investment securities gains		(1,932		)	(4,597		)	(1,436		)	(1,106		)	(1,525		)	(9,071		)	(2,550		)
Total revenue		$	204,437		$	194,186		$	192,498		$	183,146		$	183,467		$	774,267		$	708,400
Non-interest expense		$	138,452		$	132,157		$	132,695		$	122,275		$	127,621		$	525,579		$	489,519
Less: Amortization of tax credit investments (1)		(3,376		)	(3,503		)	(3,151		)	(998		)	—			(11,028		)	—
Total non-interest expense, as adjusted		$	135,076		$	128,654		$	129,544		$	121,277		$	127,621		$	514,551		$	489,519
Pre-provision net revenue		$	69,361		$	65,532		$	62,954		$	61,869		$	55,846		$	259,716		$	218,881

Reconciliation of Net Income; Net Income per share, diluted; and Selected Financial Ratios, adjusted to exclude the charge recognized in the fourth quarter of 2017 related to the estimated re-measurement of net deferred tax assets:
Diluted earnings per share
Net income	$	34,001		$	171,753
Plus: Estimated re-measurement of net deferred tax assets	15,634			15,634
Net Income, adjusted (numerator)	$	49,635		$	187,387
Weighted average shares (diluted) (denominator)	176,374			175,932
Net income per share, diluted	$	0.28		$	1.07
Return on average assets
Net income	$	34,001		$	171,753
Plus: Estimated re-measurement of net deferred tax assets	15,634			15,634
Net Income, adjusted (numerator)	$	49,635		$	187,387
Average assets (denominator)	$	20,072,579		$	19,580,367
Return on average assets, annualized	0.98		%	0.96		%
Return on average shareholders' equity
Net income	$	34,001		$	171,753
Plus: Estimated re-measurement of net deferred tax assets	15,634			15,634
Net Income, adjusted (numerator)	$	49,635		$	187,387
Average shareholders' equity (denominator)	$	2,237,031		$	2,193,863
Return on average shareholders' equity, annualized	8.80		%	8.54		%
Return on average shareholders' equity (tangible)
Net Income, as reported	$	34,001		$	171,753
Plus: Estimated re-measurement of net deferred tax assets	15,634			15,634
Net Income, adjusted (numerator)	$	49,635		$	187,387
Average shareholders' equity	$	2,237,031		$	2,193,863
Less: Average goodwill and intangible assets	(531,556		)	(531,556		)
Average tangible shareholders' equity (denominator)	$	1,705,475		$	1,662,307
Return on average shareholders' equity (tangible), annualized	11.55		%	11.27		%

EX-99.3

D A T A A S O F D E C E M B E R 3 1 , 2 0 1 7 U N L E S S O T H E R W I S E N O T E D 2017 AND FOURTH QUARTER RESULTS

FORWARD-LOOKING STATEMENTS 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. Management’s “2018 Outlook” contained herein is comprised of 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. 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, 2016 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017, which have been filed with the Securities and Exchange Commission and are available in the Investor Relations section of the Corporation’s website (www.fult.com) and on the Securities and Exchange Commission’s website (www.sec.gov). The Corporation uses certain non-GAAP financial measures in this presentation. These non-GAAP financial measures are reconciled to the most comparable GAAP measures at the end of this presentation. 2

2017 HIGHLIGHTS 2017 net income of $171.8 million, or $0.98 per share. Excluding tax charge(1)(2), 2017 net income was $187.4 million, or $1.07 per share. 2017 Key Accomplishments  Record year of revenues and net income, excluding tax charge(1)  Average loan growth of 7.8% and average demand and savings deposit growth of 8.1%  Asset quality continues to be stable  Pre-provision net revenue(2) increased 18.7%  Fulton Financial surpasses $20 billion in total assets FOURTH QUARTER HIGHLIGHTS Fourth quarter net income of $34.0 million, or $0.19 per share. Excluding tax charge(1)(2), fourth quarter net income was $49.6 million, or $0.28 per share.  Average loan growth of 1.1% and average demand and savings deposit growth of 1.6%, linked quarter  Asset quality continues to be stable  Pre-provision net revenue(2) increased 5.8%, linked quarter 3 (1) In the fourth quarter of 2017, a $15.6 million charge to income taxes was recorded related to the re-measurement of net deferred tax assets resulting from the new federal tax legislation enacted in December 2017. (2) Non-GAAP based 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.

THE IMPACT OF TAX REFORM During the fourth quarter of 2017, the Corporation recorded a $15.6 million charge(1) to income taxes related to the re-measurement of net deferred tax assets as a result of a new federal tax legislation enacted in December 2017. In the following table, the “As Adjusted” column presents Income Taxes, Net Income, Earnings Per Share (Diluted) and selected financial ratios adjusted to exclude this charge: 4 (1) This charge was estimated by the Corporation as of December 31, 2017 based on an initial analysis of the Act and may be adjusted in future periods following completion of the Corporation’s 2017 federal income tax return and evaluation of the effects, if any, of implementation guidance or regulations that may be issued by the Internal Revenue Service on the Corporation’s initial analysis of the Act. (2) The information presented in the “As Adjusted” column and ROE (tangible) are non-GAAP based financial measures. Please refer to the calculation and management’s reasons for using these measures on the slide titled “Non-GAAP Reconciliation” at the end of this presentation. Fourth Quarter 2017 Full Year 2017 As Reported Adjustment As Adjusted(2) As Reported Adjustment As Adjusted(2) Income before Income Taxes 61,187 - 61,187 234,454 - 234,454 Income Taxes 27,186 (15,634) 11,552 62,701 (15,634) 47,067 Net Income 34,001$ 15,634$ 49,635$ 171,753$ 15,634$ 187,387$ Earnings Per Share (Diluted) $0.19 0.09$ 0.28$ $0.98 0.09$ 1.07$ ROA 0.67% 0.31% 0.98% 0.88% 0.08% 0.96% ROE 6.03% 2.77% 8.80% 7.83% 0.71% 8.54% ROE (tangible) (2) 7.91% 3.64% 11.55% 10.33% 0.94% 11.27% (dollars in thousands, except per-share data)

INCOME STATEMENT SUMMARY – YEAR TO DATE  Net Income of $171.8 million; 6.3% increase from 2016. Earnings per share increased 5.4% to $0.98.  Net Interest Income 10.5% increase, reflecting the impact of loan growth and a 10 basis point higher net interest margin (NIM)  Loan Loss Provision $23.3 million provision in 2017, attributed to loan growth with generally improved credit metrics  Non-Interest Income Excluding securities gains, 6.0% increase driven largely by the $5.1 million litigation settlement recognized in the fourth quarter of 2017, investment management and trust (IMT) fees as well as increases in Small Business Administration (SBA) income, debit and credit card income and merchant fees  Non-Interest Expenses 7.4% increase from 2016 primarily due to amortization of tax credit investments, higher salaries and benefits expense, state taxes, write-off of certain accumulated capital expenditures related to in-process technology initiatives in commercial banking and other outside services  Income Taxes 34.5% increase due to the tax charge of $15.6 million, somewhat offset by lower effective tax rate (ETR) 5 (1) ROA is return an average assets determined by dividing net income for the period indicated by average assets, annualized. (2) ROE is return on average shareholders’ equity determined by dividing net income for the period indicated by average shareholders’ equity, annualized. (3) Non-GAAP based financial measure. Please refer to the calculation and management’s reasons for using this measure on the slide titled “Non-GAAP Reconciliation” at the end of this presentation. YTD December 2017 2016 Change Net Interest Income 575,364$ 520,772$ 54,592$ Provision for Credit Losses 23,305 13,182 10,123 Non-Interest Income 198,903 187,628 11,275 Securities Gains 9,071 2,550 6,521 Non-Interest Expense 525,579 489,519 36,060 Income before Income Taxes 234,454 208,249 26,205 Income Taxes 62,701 46,624 16,077 Net Income 171,753$ 161,625$ 10,128$ Earnings Per Share (Diluted) $0.98 0.93$ 0.05$ ROA (1) 0.88% 0.88% - ROE (2) 7.83% 7.69% 0.14% ROE (tangible) (3) 10.33% 10.30% 0.03% Efficiency ratio (3) 64.5% 67.2% (2.7%) (dollars in thousands, except per-share data)

INCOME STATEMENT SUMMARY – QUARTERLY COMPARISON 6 (1) ROA is return an average assets determined by dividing net income for the period indicated by average assets, annualized. (2) ROE is return on average shareholders’ equity determined by dividing net income for the period indicated by average shareholders’ equity, annualized. (3) Non-GAAP based 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. 4Q17 3Q17 4Q16 Net Interest Income 149,413 2,604$ 17,176$ Provision for Credit Losses 6,730 1,655 1,730 Non-Interest Income 55,024 7,647 3,794 Securities Gains 1,932 (2,665) 407 Non-Interest Expense 138,452 6,295 10,831 Income before Income Taxes 61,187 (364) 8,816 Income Taxes 27,186 14,540 16,965 Net Income 34,001$ (14,904)$ (8,149)$ Earnings Per Share (Diluted) 0.19$ (0.09)$ (0.05)$ ROA (1) 0.67% (0.31%) (0.22%) ROE (2) 6.03% (2.73%) (1.83%) ROE (tangible) (3) 7.91% (3.61%) (2.56%) Efficiency ratio (3) 64.2% (0.1%) (3.4%) (dollars in thousands, except per-share data) Change from  Net Income of $34.0 million, 30.5% decrease from 3Q17 and 19.3% decrease from 4Q16.  Excluding the tax charge of $15.6 million, earnings per share remained unchanged from 3Q17 and increased 16.7% from 4Q16.  Net Interest Income  From 3Q17: Increase of 1.8%, reflecting the impact of loan growth and a 2 basis point increase in NIM  From 4Q16: Increase of 13.0%, driven by loan growth and the impact of a 14 basis point increase in NIM reflecting multiple Federal Funds rate increases, and long-term debt refinancing at lower rates  Loan Loss Provision $6.7 million provision in 4Q17; asset quality continues to be stable  Non-Interest Income  From 3Q17: 16.1% increase driven by $5.1 million litigation settlement, IMT fees, commercial loan swap fees, SBA income and debit card income  From 4Q16: 7.4% increase related the litigation settlement. Excluding the settlement, non-interest income decreased 2.6% attributed to higher mortgage banking income (which includes a $1.7 million favorable mortgage servicing valuation adjustment)  Non-Interest Expenses  From 3Q17: 4.8% increase driven by other outside services, higher salaries and benefits, other real estate and repossession expense, FDIC insurance expense and write-off of certain accumulated capital expenditures related to in-process technology initiatives in commercial banking  From 4Q16: 8.5% increase due to write-off of certain accumulated capital expenditures related to in-process technology initiatives in commercial banking, amortization of tax credit investments, FDIC insurance expense, other outside services, data processing and software and, to a lesser extent, OREO and repossession expense, occupancy expense and professional fees  Income Taxes 44.4% ETR in 4Q17 vs. 20.6% in 3Q17 and 19.5% in 4Q17. Excluding the tax charge, ETR for 4Q17 was 18.9%.

NET INTEREST INCOME AND MARGIN – QUARTERLY COMPARISON Net Interest Income & Net Interest Margin ~ $730 million ~ $610 million $132.2 $137.6 $141.6 $146.8 $149.4 3.15% 3.26% 3.29% 3.27% 3.29% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 4Q16 1Q17 2Q17 3Q17 4Q17 Net Interest Income Net Interest Margin (Fully-taxable equivalent basis, or FTE) Average Interest-Earning Assets & Yields Average Liabilities & Rates $2.9 $2.9 $2.9 $3.1 $3.2 $14.5 $14.9 $15.1 $15.4 $15.6 3.62% 3.74% 3.78% 3.80% 3.83% 0.00% 2.00% 4.00% $- $5.0 $10.0 $15.0 $20.0 4Q16 1Q17 2Q17 3Q17 4Q17 Securities & Other Loans Earning Asset Yield (FTE) $15.0 $14.9 $15.1 $15.9 $16.1 $1.3 $1.7 $1.7 $1.4 $1.4 0.70% 0.69% 0.72% 0.77% 0.78% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% $- $5.0 $10.0 $15.0 $20.0 4Q16 1Q17 2Q17 3Q17 4Q17 Deposits Borrowings Cost of Interest-bearing Liabilit ies ($ IN MILLIONS) ($ IN BILLIONS) ($ IN BILLIONS) 7

ASSET QUALITY – ANNUAL COMPARISON ($ IN MILLIONS) 8 Provision for Credit Losses Non-Performing Loans (NPLs) & NPLs to Loans 134.26% 118.37% 130.15% 130.67% 1.42% 1.24% 1.17% 1.12% 0.00% 1.00% 2.00% 3.00% 0.0% 40.0% 80.0% 120.0% 160.0% 2014 2015 2016 2017 Allowance/NPLs Allowance/Loans Net Charge-offs (NCOs) and NCOs to Average Loans Allowance for Credit Losses (Allowance) to NPLs & Loans $31.5 $16.8 $13.3 $18.6 0.24% 0.13% 0.09% 0.12% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% $- $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 2014 2015 2016 2017 NCOs NCOs/Average Loans (annualized) $12.5 $2.3 $13.2 $23.3 $- $5.0 $10.0 $15.0 $20.0 $25.0 2014 2015 2016 2017 138.48 144.81 131.64 $134.8 1.06% 1.05% 0.90% 0.85% 0.00% 0.50% 1.00% 1.50% - 25.00 50.00 75.00 100.00 125.00 150.00 2014 2015 2016 2017 NPL NPLs/Loans

NON-INTEREST INCOME – QUARTER COMPARISON ($ IN MILLIONS) Non-Interest Income, Excluding Securities Gains ~ $730 million ~ $610 million $51.2 $45.6 $50.9 $47.4 $55.0 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 4Q16 1Q17 2Q17 3Q17 4Q17 Mortgage Banking Income & Spreads Other Non-Interest Income 1.94% 1.62% 1.44% 1.62% 1.36% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 4Q16(2) 1Q17 2Q17(2) 3Q17 4Q17 Gains on Sales Servicing Income Spread on Sales (1) $7.0 $4.6 $6.1 $4.8 $4.4 $- $ 0.0 $20.0 30.0 40.0 0.0 4Q16 1Q17 2Q17 3Q17 4Q17 Invt Mgmt & Trust Srvs Deposit Srv Chgs Oth Srv Chgs Other $44.2 $41.0 $44.8 $42.6 $50.6 (1) Represents Gains on Sales divided by total new commitments to originate residential mortgage loans for customers. (2) Servicing income includes $1.7 million and $1.3 million MSR recoveries in 4Q16 and 2Q17, respectively. 9

NON-INTEREST EXPENSES – QUARTERLY COMPARISON ($ IN MILLIONS) Non-Interest Expense & Efficiency Ratio (1) ~ $730 million ~ $610 million $127.6 $122.3 $132.7 $132.2 $138.5 67.6% 64.2% 65.3% 64.3% 64.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 4Q16 1Q17 2Q17 3Q17 4Q17 Salaries and Employee Benefits & Staffing Other Non-Interest Expenses 3,490 3,590 - 2,000 4,000 6,000 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 4Q16 1Q17 2Q17 3Q17 4Q17 Total Salaries Employee Benefits Average Full-time Equivalent Employees $73.3 $69.2 $74.5 $72.9 $73.5 $- $10.0 $20.0 $30.0 $40.0 $5 .0 $6 .0 $70.0 4Q16 1Q17 2Q17 3Q17 4Q17 Occp & Equip Data Processing & Software Outside Srvs Other $54.4 $53.0 $58.2 $59.3 $65.0 (1) Non-GAAP based 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. 10

PROFITABILITY & CAPITAL – ANNUAL COMPARISON 11 ROA(1) ROE and ROE (tangible)(2) Tangible Common Equity Ratio(2) Diluted Earnings Per Common Share 7.62% 7.38% 7.69% 7.83% 10.31% 10.01% 10.30% 10.33% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 2014 2015 2016 2017 ROE ROE (tangible) 0.93% 0.86% 0.88% 0.88% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2014 2015 2016 2017 (1) ROA is return an average assets determined by dividing net income for the period indicated by average assets, annualized. (2) Non-GAAP based 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. 8.8% 8.7% 8.6% 8.7% 0.0% 4. 8. 12.0 2014 2015 2016 2017 $0.84 $0.85 $0.93 $0.98 $- $0.20 $0.40 $ .60 $0.80 $1.00 $1.20 2014 2015 2016 2017

2018 OUTLOOK • Loans & Deposits: Average annual loan and core deposit growth rates in the mid single digits • Asset Quality: Provision driven primarily by loan growth • Non-Interest Income(1): Low single-digit growth • Non-Interest Expense: Including amortization of tax free investments, low single-digit growth rate • Capital: Focus on utilizing capital to support loan growth and provide appropriate returns to shareholders • Net Interest Margin: Tax reform legislation impacts the computation of 2018 tax equivalent net interest margin percentages. As a result of the impact of the lower corporate income tax rate on primarily the tax-free loan portfolio, NIM in the first quarter of 2018 is expected to decline 1 to 5 basis points. However for the full year 2018, the outlook for NIM is an increase of 2 to 7 basis points. • Effective Tax Rate: Anticipated to range between 11% to 16% depending on level of tax credits realized 12 (1) Excluding securities gains and the litigation settlement of $5.1 million recognized in the fourth quarter of 2017

NON-GAAP RECONCILIATION D ec 31, Sep 30, Jun 30, M ar 31, D ec 31, 2017 2017 2017 2017 2016 2017 2016 Eff iciency rat io Non-interest expense 138,452$ 132,157$ 132,695$ 122,275$ 127,621$ 525,579$ 489,519$ Less: Amortization of tax credit investments (3,376) (3,503) (3,151) (998) - (11,028) - Numerator 135,076$ 128,654$ 129,544$ 121,277$ 127,621$ 514,551$ 489,519$ Net interest income (fully taxable equivalent) 155,253$ 152,721$ 147,349$ 143,243$ 137,571$ 598,565$ 541,271$ P lus: Total Non-interest income 56,956 51,974 52,371 46,673 52,755 207,974 190,178 Less: Investment securities (gains) losses (1,932) (4,597) (1,436) (1,106) (1,525) (9,071) (2,550) Denominator 210,277$ 200,098$ 198,284$ 188,810$ 188,801$ 797,468$ 728,899$ Efficiency ratio 64.24% 64.30% 65.33% 64.23% 67.60% 64.52% 67.16% D ec 31, Sep 30, D ec 31, 2017 2017 2016 2017 2016 2015 2014 (dollars in thousands) R eturn o n A verage Shareho lders' Equity (R OE) (T angible) Net income 34,001$ 48,905$ 42,150$ 171,753$ 161,625$ 149,502$ 157,894$ P lus: Intangible amortization, net of tax - - - - - 161 818 Numerator 34,001$ 48,905$ 42,150$ 171,753$ 161,625$ 149,663$ 158,712$ Average shareholders' equity 2,237,031$ 2,215,389$ 2,132,655$ 2,193,863$ 2,100,634$ 2,026,883$ 2,071,640$ Less: Average goodwill and intangible assets (531,556) (531,556) (531,556) (531,556) (531,556) (531,618) (532,425) Average tangible shareholders' equity (denominator) 1,705,475$ 1,683,833$ 1,601,099$ 1,662,307$ 1,569,078$ 1,495,265$ 1,539,215$ Return on average common shareholders' equity (tangible), annualized 7.91% 11.52% 10.47% 10.33% 10.30% 10.01% 10.31% (dollars in thousands) T hree M o nths Ended Year Ended D ec 31, Year Ended D ec 31, T hree M o nths Ended Note: The Corporation has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide seful 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. 13

NON-GAAP RECONCILIATION (CONTINUED) D ec 3 1, D ec 3 1, D ec 3 1, D ec 3 1, 2 0 17 2 0 16 2 0 15 2 0 14 Tang ib le C ommon Equit y t o Tang ib le A sset s ( TC E R at io ) Shareholders' equity 2,229,857$ 2,121,115$ 2,041,894$ 1,996,665$ Less: Intangible assets (531,556) (531,556) (531,556) (531,803) Tangible shareholders' equity (numerator) 1,698,301$ 1,589,559$ 1,510,338$ 1,464,862$ Total assets 20,036,905$ 18,944,247$ 17,914,718$ 17,124,767$ Less: Intangible assets (531,556) (531,556) (531,556) (531,803) Total tangible assets (denominator) 19,505,349$ 18,412,691$ 17,383,162$ 16,592,964$ Tangible Common Equity to Tangible Assets 8 .71% 8 .6 3 % 8 .6 9 % 8 .8 3 % D ec 3 1, Sep 3 0 , 2 0 17 2 0 17 2 0 17 2 0 16 2 0 15 2 0 14 Pre- Provision N et R evenue Net interest income 149,413$ 146,809$ 575,364$ 520,772$ 499,994$ 514,867$ on-interest income 56,956 51,974 207,974 190,178 181,839 167,379 Less: Investment securit ies gains (1,932) (4,597) (9,071) (2,550) (9,066) (2,041) Total Revenue 204,437 194,186 774,267 708,400 672,767 680,205 Non-interest expense 138,452 132,157 525,579 489,519 480,160 459,246 Less: Loss on redemption of TruPS - - - - (5,626) - Less: Amort izat ion of tax credit investments (3,376) (3,503) (11,028) - - - Total Non-interest expense, as adjusted 135,076 128,654 514,551 489,519 474,534 459,246 Pre- Provision N et R evenue 69,361$ 65,532$ 259,716$ 218,881$ 198,233$ 220,959$ (dollars in thousands) (dollars in thousands) Y ear Ended D ec 3 1, Three M ont hs Ended 14

15 NON-GAAP RECONCILIATION (CONTINUED) T hree M o nths Ended Year Ended D ec 31, D ec 31, 2017 2017 Diluted earnings per share Net income 34,001$ 171,753$ Plus: Re-measurement of net deferred tax assets 15,634 15,634 Net Income, adjusted (numerator) 49,635$ 187,387$ Weighted average shares (diluted) (denominator) 176,374 175,932 Net income per share, diluted 0.28$ 1.07$ Return on average assets Net income 34,001$ 171,753$ Plus: Re-measurement of net deferred tax assets 15,634 15,634 Net Income, adjusted (numerator) 49,635$ 187,387$ Average assets (denominator) 20,072,579$ 19,580,367$ Return on average assets, annualized 0.98% 0.96% Return on average shareholders' equity Net income 34,001$ 171,753$ Plus: Re-measurement of net deferred tax assets 15,634 15,634 Net Income, adjusted (numerator) 49,635$ 187,387$ Average shareholders' equity (denominator) 2,237,031$ 2,193,863$ Return on average shareholders' equity, annualized 8.80% 8.54% Return on average shareholders' equity (tangible) Net Income, as reported 34,001$ 171,753$ Plus: Re-measurement of net deferred tax assets 15,634 15,634 Net Income, adjusted (numerator) 49,635$ 187,387$ Average shareholders' equity 2,237,031$ 2,193,863$ Less: Average goodw ill and intangible assets (531,556) (531,556) Average tangible shareholders' equity (denominator) 1,705,475$ 1,662,307$ Return on average shareholders' equity (tangible), annualized 11.55% 11.27% Reconciliation of Net Income; Net Income per share, diluted; and Selected Financial Ratios, adjusted to exclude the charge recognized in the fourth quarter of 2017 related to the re-measurement of net deferred tax assets:

www.fult.com