Exhibit 99.1

FULTON FINANCIAL

CORPORATION

FOR IMMEDIATE RELEASE

Media Contact: Laura Wakeley (717) 291-2616

Investor Contact: Mark McCollom (717) 327-2567

Fulton Financial Announces Third Quarter Earnings

(October 20, 2020) – Lancaster, PA – Fulton Financial Corporation (NASDAQ:FULT) (“Fulton” or the “Corporation”) reported net income of $62 million, or $0.38 per diluted share, for the third quarter of 2020.

“While it is still too early to fully assess the impact of COVID-19 on our regional economy, we were pleased that our third quarter produced stronger results than we had initially predicted in both our commercial and consumer lines of business,” said E. Philip Wenger, Chairman and CEO. “In particular, our mortgage business achieved record growth in the third quarter, coming on the heels of a record second quarter. Loan growth, fee income and credit quality also exceeded our expectations. And after a strategic, company-wide review, we are taking steps to significantly reduce our annual operating expenses for the future, with the goal of prudently managing the company for the longer term.”

Net Interest Income and Balance Sheet

Net interest income for the third quarter of 2020 was $154 million, consistent with the second quarter of 2020. Net interest margin for the third quarter of 2020 decreased 11 basis points, to 2.70%, from 2.81% in the second quarter of 2020.

Total average assets for the third quarter of 2020 were $25.2 billion, an increase of $1.0 billion from the second quarter of 2020. Average loans, net of unearned income, of $18.9 billion increased $0.5 billion from the second quarter of 2020. The increase was principally due to loans originated under the Paycheck Protection Program ("PPP") during the second quarter, which had an outstanding balance of $2.0 billion as of September 30, 2020.

Average loans and yields, by type, for the third quarter of 2020 in comparison to the second quarter of 2020 are summarized in the following table:

	Three months ended
	September 30, 2020				June 30, 2020				Growth
	Balance		Yield (1)		Balance		Yield (1)		$		%
	(dollars in thousands)
Average Loans, net of unearned income, by type:
Real estate - commercial mortgage	$	6,986,528	3.27	%	$	6,875,872	3.47	%	$	110,656	1.6	%
Commercial and industrial(2)	5,983,872		2.53	%	5,710,145		2.83	%	273,727		4.8	%
Real estate - residential mortgage	2,975,516		3.73	%	2,769,682		3.88	%	205,834		7.4	%
Real estate - home equity	1,237,602		3.87	%	1,271,190		3.91	%	(33,588)		(2.6)	%
Real estate - construction	981,589		3.84	%	941,079		3.53	%	40,510		4.3	%
Consumer	464,851		4.07	%	465,728		4.17	%	(877)		(0.2)	%
Equipment lease financing	279,217		3.96	%	284,658		3.44	%	(5,441)		(1.9)	%
Other(3)	(28,656)		N/A		13,443		N/A		(42,099)		N/M
Total Average Loans, net of unearned income	$	18,880,519	3.38	%	$	18,331,797	3.52	%	$	548,722	3.0	%
(1) Presented on a fully-taxable equivalent basis using a 21% Federal tax rate and statutory interest expense disallowances.
(2) Includes average PPP loans of $2.0 billion and $1.3 billion for the three months ended September 30, 2020 and June 30, 2020, respectively.
(3) Consists of overdrafts and net origination fees and costs.

Total average liabilities increased $1.0 billion, from the second quarter of 2020 driven by increases in demand and savings deposits. Average deposits and interest rates, by type, for the third quarter of 2020 in comparison to the second quarter of 2020 are summarized in the following table:

	Three months ended
	September 30, 2020				June 30, 2020				Growth
	Balance		Rate		Balance		Rate		$		%
	(dollars in thousands)
Average Deposits, by type:
Noninterest-bearing demand	$	6,270,683	—		$	5,789,788	—		$	480,895	8.3	%
Interest-bearing demand	5,591,548		0.14	%	5,103,419		0.17	%	488,129		9.6	%
Savings	5,716,050		0.16	%	5,446,368		0.25	%	269,682		5.0	%
Total average demand and savings	17,578,281		0.10	%	16,339,575		0.14	%	1,238,706		7.6	%
Brokered	314,721		0.56	%	312,121		0.54	%	2,600		0.8	%
Time	2,495,445		1.58	%	2,624,962		1.71	%	(129,517)		(4.9)	%
Total Average Deposits	$	20,388,447	0.29	%	$	19,276,658	0.36	%	$	1,111,789	5.8	%

Asset Quality

The provision for credit losses for the third quarter of 2020 was $7 million, which reflects current expected credit losses based on forecasted economic and other assumptions, including the estimated impacts of COVID-19, over the remaining expected lives of financial assets and off-balance-sheet credit exposures.

Non-performing assets were $147 million, or 0.57% of total assets, at September 30, 2020, representing a decrease, when expressed as a percentage of total assets from June 30, 2020.    

Annualized net recoveries for the quarter ended September 30, 2020 were 0.05% of total average loans, compared to annualized net charge-offs of 0.09% and 0.15% for the quarters ended June 30, 2020 and September 30, 2019, respectively. The third quarter of 2020 annualized net recoveries were primarily due to $5 million in real estate construction recoveries.

Non-interest Income

Non-interest income in the third quarter of 2020, excluding investment securities gains, was $63 million, an increase of $10 million, or 20%, from the second quarter of 2020, primarily driven by an increase of $7 million in mortgage banking income, although increases in nearly all non-interest income categories were experienced in the third quarter of 2020 in comparison to the second quarter of 2020.

In the third quarter of 2020, a $1.5 million impairment of mortgage servicing assets was recognized, as compared to a $6.6 million impairment in the second quarter of 2020. This impairment charge is recorded as a reduction to mortgage banking income.

Compared to the third quarter of 2019, non-interest income, excluding investment securities gains, increased $8 million, or 14%, in the third quarter of 2020 due mainly to increases in mortgage banking income. There was no mortgage servicing asset impairment charge in the third quarter of 2019.

Net investment securities gains declined by $3 million in the third quarter of 2020 in comparison to the second quarter of 2020. The second quarter of 2020 included net securities gains of $3 million related to a limited balance sheet restructuring that also involved the redemption of FHLB advances that resulted in $3 million of prepayment penalties recorded in non-interest expense in the same period.

Non-interest Expense

Non-interest expense was $139 million in the third quarter of 2020, a decrease of $4 million compared to the second quarter of 2020. The second quarter of 2020 included a $3 million prepayment penalty on redemption of FHLB advances.

Compared to the third quarter of 2019, non-interest expense decreased $8 million, or 5%, due primarily to decreases in other outside services, FHLB prepayment penalties, marketing and intangible amortization, partially offset by increases in salaries and employee benefits and FDIC insurance. FDIC insurance expense was reduced in the third quarter of 2019 as a result of the receipt of $3 million of assessment credits.

As a result of a recent strategic operating expense review, the Corporation is making a number of changes that are expected to result in annual expense savings of $25 million, inclusive of the previously

reported financial center closure savings. Of the expected $25 million in annual expense savings, the Corporation expects to reinvest a portion to accelerate digital transformation initiatives.

It is expected that the savings will not be fully realized until mid-2021. In addition, it is expected that a pre-tax charge within the range of $17 to $19 million will be realized for this initiative for employee severance, fixed asset write-offs and lease termination charges, among others. Of this charge, $16 to $17 million is expected to be incurred in the fourth quarter of 2020, with the remaining charges of up to approximately $1 million pre-tax being recognized in the first quarter of 2021.

Income Tax Expense

The effective income tax rate for the third quarter of 2020 was 13%, as compared to 14% for both the second quarter of 2020 and third quarter of 2019.

Additional information on Fulton 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," “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, they 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, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020 and other current and periodic reports, which have been or will

be filed with the Securities and Exchange Commission and are or will be 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).

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.

FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
in thousands, except per-share data and percentages
	Three months ended
	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
	2020		2020		2020		2019		2019
Ending Balances
Investments	$	3,097,721	$	2,974,813	$	3,141,440	$	2,867,378	$	2,705,610
Loans, net of unearned income	19,028,621		18,704,722		17,077,403		16,837,526		16,686,866
Total assets	25,543,281		24,617,863		22,929,859		21,886,040		21,703,618
Deposits	20,730,051		19,884,208		17,365,026		17,393,913		17,342,717
Shareholders' equity	2,390,261		2,340,501		2,285,748		2,342,176		2,324,016
Average Balances
Investments	$	2,977,672	$	3,096,632	$	3,071,828	$	2,830,999	$	2,829,672
Loans, net of unearned income	18,880,519		18,331,797		16,860,067		16,768,057		16,436,507
Total assets	25,169,508		24,139,116		22,252,099		21,812,438		21,457,800
Deposits	20,388,447		19,276,658		17,121,428		17,449,565		16,950,667
Shareholders' equity	2,374,091		2,309,133		2,337,016		2,341,397		2,315,585
Income Statement
Net interest income	$	154,116	$	152,754	$	160,746	$	159,270	$	161,260
Provision for credit losses	7,080		19,570		44,030		20,530		2,170
Non-interest income	63,248		55,922		54,644		55,281		59,813
Non-interest expense	139,147		143,006		142,552		138,974		146,770
Income before taxes	71,137		46,101		28,808		55,047		72,133
Net income	61,607		39,559		26,047		47,789		62,108
Per Share
Net income (basic)	$	0.38	$	0.24	$	0.16	$	0.29	$	0.38
Net income (diluted)	$	0.38	$	0.24	$	0.16	$	0.29	$	0.37
Cash dividends	$	0.13	$	0.13	$	0.13	$	0.17	$	0.13
Shareholders' equity (tangible)(1)	$	11.44	$	11.15	$	10.84	$	11.00	$	10.91
Weighted average shares (basic)	162,061		161,715		163,475		164,135		165,324
Weighted average shares (diluted)	162,579		162,267		164,417		165,039		166,126
(1) Non-GAAP financial measure. Refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this document.

	Three months ended
	Sep 30		Jun 30		Mar 31		Dec 31		Sep 30
	2020		2020		2020		2019		2019
Asset Quality(2)
Net (recoveries) charge-offs to average loans (annualized)	(0.05)	%	0.09	%	0.26	%	0.65	%	0.15	%
Non-performing loans to total loans	0.75	%	0.75	%	0.82	%	0.84	%	0.81	%
Non-performing assets to total assets	0.57	%	0.59	%	0.64	%	0.68	%	0.66	%
ACL - loans(3) to total loans	1.40	%	1.37	%	1.40	%	0.97	%	1.00	%
ACL - loans(3) to non-performing loans	188	%	183	%	170	%	116	%	122	%
Non-performing assets to shareholders' equity (tangible) and ACL - loans (1)(3)	6.91	%	7.04	%	7.37	%	7.51	%	7.35	%
Asset Quality, excluding PPP(1)(4)
Net (recoveries) charge-offs to average adjusted loans (annualized)	(0.06)	%	0.10	%	—	%	—	%	—	%
Non-performing loans to total adjusted loans	0.83	%	0.83	%	—	%	—	%	—	%
ACL - loans(3) to total adjusted loans	1.56	%	1.53	%	—	%	—	%	—	%
Profitability
Return on average assets	0.97	%	0.66	%	0.47	%	0.87	%	1.15	%
Return on average shareholders' equity	10.32	%	6.89	%	4.48	%	8.10	%	10.64	%
Return on average shareholders' equity (tangible)(1)	13.50	%	8.99	%	5.84	%	10.52	%	14.03	%
Net interest margin	2.70	%	2.81	%	3.21	%	3.22	%	3.31	%
Efficiency ratio(1)	62.3	%	66.4	%	64.5	%	63.1	%	63.6	%
Capital Ratios
Tangible common equity ratio(1)	7.4	%	7.5	%	7.8	%	8.5	%	8.5	%
Tier 1 leverage ratio(5)	7.4	%	7.6	%	7.9	%	8.4	%	8.5	%
Common equity Tier 1 capital ratio(5)	9.5	%	9.5	%	9.4	%	9.7	%	9.6	%
Tier 1 capital ratio(5)	9.5	%	9.5	%	9.4	%	9.7	%	9.6	%
Total risk-based capital ratio(5)	13.9	%	13.8	%	13.8	%	11.8	%	12.0	%
(1) Non-GAAP financial measure. Refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this document.
(2) Effective January 1, 2020, Fulton adopted Accounting Standards Update 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” referred to as the current expected credit loss model (“CECL”). This accounting standard requires that credit losses for financial assets and off-balance-sheet ("OBS") credit exposures be measured based on expected credit losses, rather than on incurred credit losses as in prior periods.
(3) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Loans, net of unearned income" and does not include the ACL related to OBS credit exposures.
(4) Asset quality information excluding Paycheck Protection Program (PPP) loans. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this document.
(5) Regulatory capital ratios as of September 30, 2020 are preliminary and prior periods are actual.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
												% Change from
		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Sep 30
		2020		2020		2020		2019		2019		2020		2019
ASSETS
	Cash and due from banks	$	139,304	$	141,702	$	181,777	$	132,283	$	120,671	(1.7)	%	15.4	%
	Other interest-earning assets	1,489,550		1,007,939		793,572		482,930		572,499		47.8	%	160.2	%
	Loans held for sale	93,621		77,415		40,645		37,828		33,945		20.9	%	175.8	%
	Investment securities	3,097,721		2,974,813		3,141,440		2,867,378		2,705,610		4.1	%	14.5	%
	Loans, net of unearned income	19,028,621		18,704,722		17,077,403		16,837,526		16,686,866		1.7	%	14.0	%
	Less: ACL - loans(1)	(266,825)		(256,537)		(238,508)		(163,622)		(166,135)		4.0	%	60.6	%
	Net loans	18,761,796		18,448,185		16,838,895		16,673,904		16,520,731		1.7	%	13.6	%
	Premises and equipment	236,943		239,596		236,908		240,046		237,344		(1.1)	%	(0.2)	%
	Accrued interest receivable	70,766		73,720		59,365		60,898		60,447		(4.0)	%	17.1	%
	Goodwill and intangible assets	534,907		535,039		535,171		535,303		534,178		—	%	0.1	%
	Other assets	1,118,673		1,119,454		1,102,086		855,470		918,193		(0.1)	%	21.8	%
	Total Assets	$	25,543,281	$	24,617,863	$	22,929,859	$	21,886,040	$	21,703,618	3.8	%	17.7	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	20,730,051	$	19,884,208	$	17,365,026	$	17,393,913	$	17,342,717	4.3	%	19.5	%
	Short-term borrowings	611,727		572,551		1,386,808		883,241		832,860		6.8	%	(26.6)	%
	Other liabilities	515,230		525,407		513,811		384,941		477,311		(1.9)	%	7.9	%
	FHLB advances and long-term debt	1,296,012		1,295,196		1,378,466		881,769		726,714		0.1	%	78.3	%
	Total Liabilities	23,153,020		22,277,362		20,644,111		19,543,864		19,379,602		3.9	%	19.5	%
	Shareholders' equity	2,390,261		2,340,501		2,285,748		2,342,176		2,324,016		2.1	%	2.9	%
	Total Liabilities and Shareholders' Equity	$	25,543,281	$	24,617,863	$	22,929,859	$	21,886,040	$	21,703,618	3.8	%	17.7	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	7,046,330	$	6,934,936	$	6,895,069	$	6,700,776	$	6,604,634	1.6	%	6.7	%
	Commercial and industrial	4,007,278		4,033,439		4,450,557		4,445,634		4,493,379		(0.6)	%	(10.8)	%
	Real estate - residential mortgage	3,061,835		2,862,226		2,718,290		2,641,465		2,570,793		7.0	%	19.1	%
	Real estate - home equity	1,222,709		1,251,455		1,292,677		1,314,944		1,346,115		(2.3)	%	(9.2)	%
	Real estate - construction	1,007,534		972,909		947,768		971,079		913,644		3.6	%	10.3	%
	Consumer	469,551		465,610		468,172		463,164		464,213		0.8	%	1.1	%
	Equipment lease financing	280,286		281,897		289,726		284,537		280,649		(0.6)	%	(0.1)	%
	PPP	1,960,165		1,937,034		—		—		—		1.2	%	N/M
	Other(2)	(27,067)		(34,784)		15,144		15,927		13,439		(22.2)	%	N/M
	Total Loans, net of unearned income	$	19,028,621	$	18,704,722	$	17,077,403	$	16,837,526	$	16,686,866	1.7	%	14.0	%
Deposits, by type:
	Noninterest-bearing demand	$	6,378,077	$	6,239,055	$	4,531,872	$	4,453,324	$	4,240,478	2.2	%	50.4	%
	Interest-bearing demand	5,813,935		5,099,405		4,724,520		4,720,188		4,771,109		14.0	%	21.9	%
	Savings	5,805,431		5,667,893		5,092,865		5,153,941		5,094,387		2.4	%	14.0	%
	Total demand and savings	17,997,443		17,006,353		14,349,257		14,327,453		14,105,974		5.8	%	27.6	%
	Brokered	317,588		310,689		313,337		264,531		256,870		2.2	%	23.6	%
	Time	2,415,020		2,567,166		2,702,432		2,801,929		2,979,873		(5.9)	%	(19.0)	%
	Total Deposits	$	20,730,051	$	19,884,208	$	17,365,026	$	17,393,913	$	17,342,717	4.3	%	19.5	%
Short-term borrowings, by type:
	Customer funding	$	611,727	$	572,551	$	461,808	$	383,241	$	337,860	6.8	%	81.1	%
	Federal funds purchased	—		—		200,000		—		20,000		N/M		N/M
	Short-term FHLB advances	—		—		725,000		500,000		475,000		N/M		N/M
	Total Short-term Borrowings	$	611,727	$	572,551	$	1,386,808	$	883,241	$	832,860	6.8	%	(26.6)	%
N/M - Not meaningful
(1) "ACL - loans" relates to the ACL specifically on "Loans, net of unearned income" and does not include the ACL related to OBS credit exposures.
(2) Consists of overdrafts and net origination fees and costs.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
dollars in thousands
		Three Months Ended										% Change from				Nine months ended
		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Sep 30		Sep 30
		2020		2020		2020		2019		2019		2020		2019		2020		2019		% Change
Interest Income:
	Interest income	$	179,159	$	180,696	$	199,378	$	202,159	$	208,413	(0.9)	%	(14.0)	%	$	559,233	$	623,147	(10.3)	%
	Interest expense	25,043		27,942		38,632		42,889		47,153		(10.4)	%	(46.9)	%	91,617		134,028		(31.6)	%
	Net Interest Income	154,116		152,754		160,746		159,270		161,260		0.9	%	(4.4)	%	467,616		489,119		(4.4)	%
	Provision for credit losses	7,080		19,570		44,030		20,530		2,170		(63.8)	%	N/M		70,680		12,295		N/M
	Net Interest Income after Provision	147,036		133,184		116,716		138,740		159,090		10.4	%	(7.6)	%	396,936		476,824		(16.8)	%
Non-Interest Income:
	Wealth management	14,943		13,407		15,055		14,419		13,867		11.5	%	7.8	%	43,405		41,259		5.2	%
	Mortgage banking	16,801		9,964		6,234		5,076		6,658		68.6	%	152.3	%	32,998		18,023		83.1	%
	Consumer banking:
	Card	5,002		4,966		4,685		4,991		5,791		0.7	%	(13.6)	%	14,653		15,524		(5.6)	%
	Overdraft	3,015		2,107		4,058		4,750		4,682		43.1	%	(35.6)	%	9,180		13,199		(30.4)	%
	Other consumer banking	2,406		2,065		2,496		2,688		2,860		16.5	%	(15.9)	%	6,967		8,354		(16.6)	%
	Total consumer banking	10,423		9,138		11,239		12,429		13,333		14.1	%	(21.8)	%	30,800		37,077		(16.9)	%
	Commercial banking:
	Merchant and card	6,237		5,326		5,624		5,841		6,166		17.1	%	1.2	%	17,187		18,236		(5.8)	%
	Cash management	4,742		4,503		4,742		4,697		4,696		5.3	%	1.0	%	13,987		13,695		2.1	%
	Capital markets	4,696		5,004		5,075		5,939		4,448		(6.2)	%	5.6	%	14,775		11,015		34.1	%
	Other commercial banking	2,636		1,914		2,978		3,664		3,478		37.7	%	(24.2)	%	7,528		10,109		(25.5)	%
	Total commercial banking	18,311		16,748		18,419		20,141		18,788		9.3	%	(2.5)	%	53,477		53,055		0.8	%
	Other	2,769		3,660		3,651		3,216		2,675		(24.3)	%	3.5	%	10,080		6,733		49.7	%
	Non-interest income before investment securities gains	63,246		52,917		54,598		55,281		55,321		19.5	%	14.3	%	170,761		156,147		9.4	%
	Investment securities gains, net	2		3,005		46		—		4,492		N/M		N/M		3,053		4,733		(35.5)	%
	Total Non-Interest Income	63,248		55,922		54,644		55,281		59,813		13.1	%	5.7	%	173,814		160,880		8.0	%
Non-Interest Expense:
	Salaries and employee benefits	79,227		81,012		80,228		76,975		78,211		(2.2)	%	1.3	%	240,467		234,959		2.3	%
	Net occupancy	13,221		13,144		13,486		13,080		12,368		0.6	%	6.9	%	39,851		39,746		0.3	%
	Data processing and software	12,285		12,193		11,645		11,468		11,590		0.8	%	6.0	%	36,123		33,211		8.8	%
	Other outside services	7,617		7,600		7,881		8,215		12,163		0.2	%	(37.4)	%	23,098		31,774		(27.3)	%
	Equipment	3,711		3,193		3,418		3,475		3,459		16.2	%	7.3	%	10,322		10,100		2.2	%
	Professional fees	2,879		3,331		4,202		2,873		3,331		(13.6)	%	(13.6)	%	10,412		10,261		1.5	%
	Marketing	1,147		1,303		1,579		1,503		3,322		(12.0)	%	(65.5)	%	4,029		8,345		(51.7)	%
	Amortization of tax credit investments	1,694		1,450		1,450		1,505		1,533		16.8	%	10.5	%	4,594		4,516		1.7	%
	FDIC insurance	1,578		2,133		2,808		2,177		239		(26.0)	%	N/M		6,519		5,603		16.3	%
	Intangible amortization	132		132		132		142		1,071		—	%	(87.7)	%	397		1,285		(69.1)	%
	Prepayment penalty on FHLB advances	—		2,878		—		—		4,326		N/M		N/M		2,878		4,326		(33.5)	%
	Other	15,654		14,637		15,723		17,561		15,157		6.9	%	3.3	%	46,014		44,636		3.1	%
	Total Non-Interest Expense	139,147		143,006		142,552		138,974		146,770		(2.7)	%	(5.2)	%	424,705		428,762		(0.9)	%
	Income Before Income Taxes	71,137		46,100		28,808		55,047		72,133		54.3	%	(1.4)	%	146,045		208,942		(30.1)	%
	Income tax expense	9,529		6,542		2,761		7,258		10,025		45.7	%	(4.9)	%	18,832		30,391		(38.0)	%
	Net Income	$	61,607	$	39,559	$	26,047	$	47,789	$	62,108	55.7	%	(0.8)	%	$	127,213	$	178,551	(28.8)	%
PER SHARE:
	Net income:
	Basic	$	0.38	$	0.24	$	0.16	$	0.29	$	0.38	58.3	%	—	%	$	0.78	$	1.06	(26.4)	%
	Diluted	0.38		0.24		0.16		0.29		0.37		58.3	%	2.7	%	0.78		1.06		(26.4)	%
	Cash dividends	0.13		0.13		0.13		0.17		0.13		—	%	—	%	$	0.39	$	0.39	—	%
	Weighted average shares (basic)	162,061		161,715		163,475		164,135		165,324		0.2	%	(2.0)	%	162,416		167,834		(3.2)	%
	Weighted average shares (diluted)	162,579		162,267		164,417		165,039		166,126		0.2	%	(2.1)	%	163,083		168,722		(3.3)	%

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three months ended
		September 30, 2020						June 30, 2020						September 30, 2019
		Average		Interest		Yield/		Average		Interest		Yield/		Average		Interest		Yield/
		Balance		(1)		Rate		Balance		(1)		Rate		Balance		(1)		Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	18,880,519	$	160,344	3.38	%	$	18,331,797	$	160,613	3.52	%	$	16,436,507	$	188,280	4.55	%
	Taxable investment securities	2,011,893		13,150		2.61	%	2,200,870		15,171		2.76	%	2,282,292		15,565		2.73	%
	Tax-exempt investment securities	861,764		6,899		3.19	%	830,836		6,737		3.23	%	516,907		4,650		3.57	%
	Total Investment Securities	2,873,657		20,049		2.79	%	3,031,706		21,908		2.89	%	2,799,199		20,215		2.88	%
	Loans held for sale	79,999		728		3.64	%	55,608		509		3.66	%	31,898		466		5.83	%
	Other interest-earning assets	1,387,327		1,028		0.30	%	815,910		766		0.38	%	509,579		2,709		2.12	%
	Total Interest-earning Assets	23,221,502		182,149		3.13	%	22,235,021		183,796		3.32	%	19,777,183		211,670		4.25	%
Noninterest-earning assets:
	Cash and due from banks	138,567						153,728						120,967
	Premises and equipment	239,183						240,417						240,383
	Other assets	1,835,190						1,761,038						1,491,115
	Less: ACL - loans(2)	(264,934)						(251,088)						(171,848)
	Total Assets	$	25,169,508					$	24,139,116					$	21,457,800
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	5,591,548	$	1,913	0.14	%	$	5,103,419	$	2,219	0.17	%	$	4,448,112	$	9,163	0.82	%
	Savings deposits	5,716,050		2,347		0.16	%	5,446,368		3,331		0.25	%	5,026,316		11,059		0.87	%
	Brokered deposits	314,721		440		0.56	%	312,121		422		0.54	%	253,426		1,536		2.40	%
	Time deposits	2,495,445		9,931		1.58	%	2,624,962		11,145		1.71	%	2,974,993		13,979		1.86	%
	Total Interest-bearing Deposits	14,117,764		14,631		0.41	%	13,486,870		17,118		0.51	%	12,702,847		35,737		1.12	%
	Short-term borrowings	613,127		370		0.24	%	707,771		517		0.29	%	919,697		4,156		1.78	%
	FHLB advances and long-term debt	1,295,515		10,042		3.10	%	1,361,421		10,307		3.03	%	842,706		7,260		3.44	%
	Total Interest-bearing Liabilities	16,026,406		25,043		0.62	%	15,556,062		27,942		0.72	%	14,465,250		47,153		1.29	%
Noninterest-bearing liabilities:
	Demand deposits	6,270,683						5,789,788						4,247,820
	Total Deposits/Cost of Deposits	20,388,447				0.29	%	19,276,658				0.36	%	16,950,667				0.84	%
	Other	498,328						484,133						429,145
	Total Liabilities	22,795,417						$	21,829,983					19,142,215
	Total Interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	22,297,089				0.45	%	21,345,850				0.53	%	18,713,070				1.00	%
	Shareholders' equity	2,374,091						2,309,133						2,315,585
	Total Liabilities and Shareholders' Equity	$	25,169,508					$	24,139,116					$	21,457,800
	Net interest income/net interest margin (fully taxable equivalent)			157,106		2.70	%			155,854		2.81	%			164,517		3.31	%
	Tax equivalent adjustment			(2,990)						(3,100)						(3,257)
	Net interest income			$	154,116					$	152,754					$	161,260
	(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 "Loans, net of unearned income" and does not include the ACL related to OBS credit exposures.

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Three months ended										% Change from
		Sep 30		Jun 30		Mar 31		Dec 31		Sep 30		Jun 30		Sep 30
		2020		2020		2020		2019		2019		2020		2019
Loans, by type:
	Real estate - commercial mortgage	$	6,986,528	$	6,875,872	$	6,746,766	$	6,561,029	$	6,489,456	1.6	%	7.7	%
	Commercial and industrial	4,030,750		4,451,228		4,446,750		4,574,047		4,414,992		(9.4)	%	(8.7)	%
	Real estate - residential mortgage	2,975,516		2,769,682		2,670,019		2,606,136		2,512,899		7.4	%	18.4	%
	Real estate - home equity	1,237,602		1,271,190		1,300,132		1,331,088		1,364,161		(2.6)	%	(9.3)	%
	Real estate - construction	981,589		941,079		929,529		934,556		905,060		4.3	%	8.5	%
	Consumer	464,851		465,728		466,415		464,606		457,524		(0.2)	%	1.6	%
	Equipment lease financing	279,217		284,658		284,566		281,451		277,555		(1.9)	%	0.6	%
	PPP	1,953,122		1,258,917		—		—		—		55.1	%	N/M
	Other(1)	(28,656)		13,443		15,890		14,058		14,860		N/M		N/M
	Total Loans, net of unearned income	$	18,880,519	$	18,331,797	$	16,860,067	$	16,766,971	$	16,436,507	3.0	%	14.9	%
Deposits, by type:
	Noninterest-bearing demand	$	6,270,683	$	5,789,788	$	4,307,027	$	4,324,568	$	4,247,820	8.3	%	47.6	%
	Interest-bearing demand	5,591,548		5,103,419		4,649,905		4,699,040		4,448,112		9.6	%	25.7	%
	Savings	5,716,050		5,446,368		5,127,662		5,205,260		5,026,316		5.0	%	13.7	%
	Total demand and savings	17,578,281		16,339,575		14,084,594		14,228,868		13,722,248		7.6	%	28.1	%
	Brokered	314,721		312,121		275,359		261,689		253,426		0.8	%	24.2	%
	Time	2,495,445		2,624,962		2,761,474		2,959,008		2,974,993		(4.9)	%	(16.1)	%
	Total Deposits	$	20,388,447	$	19,276,658	$	17,121,427	$	17,449,565	$	16,950,667	5.8	%	20.3	%
Short-term borrowings, by type:
	Customer funding	$	613,127	$	546,716	$	428,240	$	377,529	$	332,893	12.1	%	84.2	%
	Federal funds purchased	—		74,231		186,868		91,467		101,022		N/M		N/M
	Short-term FHLB advances and other borrowings	—		86,824		687,937		248,815		485,782		N/M		N/M
	Total Short-term borrowings	$	613,127	$	707,771	$	1,303,045	$	717,811	$	919,697	(13.4)	%	(33.3)	%
(1) Consists of overdrafts and net origination fees and costs.

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Nine months ended September 30
		2020						2019
		Average		Interest		Yield/		Average		Interest		Yield/
		Balance		(1)		Rate		Balance		(1)		Rate
ASSETS
Interest-earning assets:
	Loans, net of unearned income	$	18,027,253	$	498,455	3.69	%	$	16,316,540	$	565,095	4.63	%
	Taxable investment securities	2,165,180		44,615		2.75	%	2,305,472		46,935		2.71	%
	Tax-exempt investment securities	804,484		19,596		3.24	%	468,689		12,940		3.66	%
	Total Investment Securities	2,969,664		64,211		2.88	%	2,774,161		59,875		2.87	%
	Loans held for sale	54,355		1,557		3.82	%	24,357		1,056		5.78	%
	Other interest-earning assets	936,819		4,325		0.62	%	428,982		6,879		2.14	%
	Total Interest-earning Assets	21,988,091		568,548		3.45	%	19,544,040		632,905		4.33	%
Noninterest-earning assets:
	Cash and due from banks	143,496						116,019
	Premises and equipment	239,739						239,402
	Other assets	1,729,351						1,337,482
	Less: ACL - loans(2)	(242,300)						(165,733)
	Total Assets	$	23,858,377					$	21,071,210
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
	Demand deposits	$	5,116,696	$	9,933	0.26	%	$	4,263,869	$	24,854	0.78	%
	Savings deposits	5,431,071		12,788		0.31	%	4,955,403		31,570		0.85	%
	Brokered deposits	300,795		1,935		0.86	%	240,045		4,500		2.51	%
	Time deposits	2,626,802		33,533		1.71	%	2,853,147		37,050		1.74	%
	Total Interest-bearing Deposits	13,475,364		58,189		0.58	%	12,312,464		97,974		1.06	%
	Short-term borrowings	873,694		4,960		0.76	%	894,116		12,200		1.81	%
	FHLB advances and long-term debt	1,240,253		28,468		3.06	%	965,111		23,854		3.30	%
	Total Interest-bearing Liabilities	15,589,311		91,617		0.78	%	14,171,691		134,028		1.26	%
Noninterest-bearing liabilities:
	Demand deposits	5,458,807						4,223,927
	Total Deposits/Cost of Deposits	18,934,171				0.41	%	16,536,391				0.79	%
	Other	470,055						381,427
	Total Liabilities	21,518,173						18,777,045
	Total Interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	21,048,118				0.58	%	18,395,618				0.97	%
	Shareholders' equity	2,340,204						2,294,165
	Total Liabilities and Shareholders' Equity	$	23,858,377					$	21,071,210
	Net interest income/net interest margin (fully taxable equivalent)			476,931		2.90	%			498,877		3.41	%
	Tax equivalent adjustment			(9,315)						(9,758)
	Net interest income			$	467,616					$	489,119
	(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 "Loans, net of unearned income" and does not include the ACL related to OBS credit exposures.

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Nine months ended September 30
		2020		2019		% Change
Loans, by type:
	Real estate - commercial mortgage	$	6,870,148	$	6,431,012	6.8	%
	Commercial and industrial	4,308,559		4,438,894		(2.9)	%
	Real estate - residential mortgage	2,805,694		2,386,264		17.6	%
	Real estate - home equity	1,269,525		1,400,371		(9.3)	%
	Real estate - construction	950,845		926,036		2.7	%
	Consumer	465,661		442,678		5.2	%
	Equipment lease financing	282,800		278,463		1.6	%
	PPP	1,073,900		—		N/M
	Other(1)	121		12,822		(99.1)	%
	Total Loans, net of unearned income	$	18,027,253	$	16,316,540	10.5	%
Deposits, by type:
	Noninterest-bearing demand	$	5,458,807	$	4,223,927	29.2	%
	Interest-bearing demand	5,116,696		4,263,869		20.0	%
	Savings	5,431,071		4,955,403		9.6	%
	Total demand and savings	16,006,574		13,443,199		19.1	%
	Brokered	300,795		240,045		25.3	%
	Time	2,626,802		2,853,147		(7.9)	%
	Total Deposits	$	18,934,171	$	16,536,391	14.5	%
Short-term borrowings, by type:
	Customer funding	$	529,667	$	348,721	51.9	%
	Federal funds purchased	86,715		146,432		(40.8)	%
	Short-term FHLB advances and other borrowings	257,312		398,963		(35.5)	%
	Total Short-term Borrowings	$	873,694	$	894,116	(2.3)	%
(1) Consists of overdrafts and net origination fees and costs.

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three months ended
		Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
		2020			2020			2020			2019			2019
Allowance for credit losses related to Loans, net of unearned income:
Balance at beginning of period		$	256,537		$	238,508		$	163,620		$	166,135		$	170,233
	Impact of adopting CECL	—			—			45,724			—			—
	Loans charged off:
	Commercial and industrial	(2,969)			(3,480)			(10,899)			(30,547)			(7,181)
	Real estate - commercial mortgage	(746)			(2,324)			(855)			(68)			(394)
	Consumer and home equity	(1,093)			(1,303)			(1,529)			(1,416)			(1,375)
	Real estate - residential mortgage	(198)			(235)			(187)			(223)			(533)
	Real estate - construction	—			(17)			—			—			(45)
	Equipment lease financing and other	(483)			(688)			(533)			(727)			(600)
	Total loans charged off	(5,489)			(8,047)			(14,003)			(32,981)			(10,128)
Recoveries of loans previously charged off:
	Commercial and industrial	2,103			2,978			1,734			2,487			2,311
	Real estate - commercial mortgage	100			95			244			1,453			444
	Consumer and home equity	491			649			646			437			348
	Real estate - residential mortgage	95			112			85			206			440
	Real estate - construction	4,873			—			70			1,098			164
	Equipment lease financing and other	185			92			108			182			107
	Recoveries of loans previously charged off	7,847			3,926			2,887			5,863			3,814
Net loans recovered (charged off)		2,358			(4,121)			(11,116)			(27,118)			(6,314)
Provision for credit losses		7,930			22,150			40,280			24,603			2,216
Balance at end of period		$	266,825		$	256,537		$	238,508		$	163,620		$	166,135
Net (recoveries) charge-offs to average loans (annualized)		(0.05)		%	0.09		%	0.26		%	0.65		%	0.15		%
Allowance credit losses related to OBS Credit Exposures(1)
	Balance at beginning of period	$	16,383		$	18,963		$	2,588		$	6,662		$	6,708
	Impact of adopting CECL	—			—			12,625			—			—
	Provision for credit losses	(850)			(2,580)			3,750			(4,074)			(46)
	Balance at end of period	$	15,533		$	16,383		$	18,963		$	2,588		$	6,662
NON-PERFORMING ASSETS:
	Non-accrual loans	$	128,321		$	125,037		$	120,345		$	125,098		$	124,287
	Loans 90 days past due and accruing	13,761			14,767			19,593			16,057			11,689
	Total non-performing loans	142,082			139,804			139,938			141,155			135,976
	Other real estate owned	4,565			5,418			6,593			6,831			7,706
	Total non-performing assets	$	146,647		$	145,222		$	146,531		$	147,986		$	143,682
NON-PERFORMING LOANS, BY TYPE:
	Commercial and industrial	$	37,224		$	39,730		$	41,318		$	49,491		$	37,126
	Real estate - commercial mortgage	43,426			42,374			36,538			37,279			45,710
	Real estate - residential mortgage	28,287			22,887			25,832			22,411			20,150
	Consumer and home equity	12,292			11,911			11,226			11,026			11,012
	Real estate - construction	4,051			4,525			4,379			4,306			4,312
	Equipment lease financing and other	16,802			18,377			20,645			16,642			17,666
	Total non-performing loans	$	142,082		$	139,804		$	139,938		$	141,155		$	135,976
(1) The allowance for credit losses related to OBS Credit Exposures is presented in "other liabilities" on the consolidated balance sheets.

FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
in thousands, except per share data and percentages
Explanatory note:	This press release contains supplemental financial information, as detailed below, which has been derived by methods other than Generally Accepted Accounting Principles ("GAAP"). The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:
		Three months ended
		Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
		2020			2020			2020			2019			2019
Shareholders' equity (tangible), per share
Shareholders' equity		$	2,390,261		$	2,340,501		$	2,285,748		$	2,342,176		$	2,324,016
Less: Goodwill and intangible assets		(534,907)			(535,039)			(535,171)			(535,303)			(534,178)
Tangible shareholders' equity (numerator)		$	1,855,354		$	1,805,462		$	1,750,577		$	1,806,873		$	1,789,838
Shares outstanding, end of period (denominator)		162,134			161,958			161,435			164,218			164,036
Shareholders' equity (tangible), per share		$	11.44		$	11.15		$	10.84		$	11.00		$	10.91
Return on average shareholders' equity (tangible)
Net income		$	61,607		$	39,559		$	26,047		$	47,789		$	62,108
Plus: Intangible amortization, net of tax		103			104			104			112			846
(Numerator)		$	61,711		$	39,663		$	26,151		$	47,901		$	62,954
Average shareholders' equity		$	2,374,091		$	2,309,133		$	2,337,016		$	2,341,397		$	2,315,585
Less: Average goodwill and intangible assets		(534,971)			(535,103)			(535,235)			(534,190)			(535,184)
Average tangible shareholders' equity (denominator)		$	1,839,120		$	1,774,030		$	1,801,781		$	1,807,207		$	1,780,401
Return on average shareholders' equity (tangible), annualized		13.50		%	8.99		%	5.84		%	10.52		%	14.03		%
Tangible Common Equity to Tangible Assets (TCE Ratio)
Shareholders' equity		$	2,390,261		$	2,340,501		$	2,285,748		$	2,342,176		$	2,324,016
Less: Goodwill and intangible assets		(534,907)			(535,039)			(535,171)			(535,303)			(534,178)
Tangible shareholders' equity (numerator)		$	1,855,354		$	1,805,462		$	1,750,577		$	1,806,873		$	1,789,838
Total assets		$	25,543,281		$	24,617,863		$	22,929,859		$	21,886,040		$	21,703,618
Less: Goodwill and intangible assets		(534,907)			(535,039)			(535,171)			(535,303)			(534,178)
Total tangible assets (denominator)		$	25,008,374		$	24,082,824		$	22,394,688		$	21,350,737		$	21,169,440
Tangible Common Equity to Tangible Assets		7.42		%	7.50		%	7.82		%	8.46		%	8.45		%
Efficiency ratio
Non-interest expense		$	139,147		$	143,006		$	142,552		$	138,974		$	146,770
Less: Intangible amortization		(132)			(132)			(132)			(142)			(1,071)
Less: Amortization of tax credit investments		(1,694)			(1,450)			(1,450)			(1,505)			(1,533)
Less: Prepayment penalty of FHLB advances		—			(2,878)			—			—			(4,326)
Non-interest expense (numerator)		$	137,321		$	138,546		$	140,970		$	137,327		$	139,840
Net interest income (fully taxable equivalent)		$	157,106		$	155,854		$	163,970		$	162,479		$	164,517
Plus: Total Non-interest income		63,248			55,922			54,644			55,281			59,813
Less: Investment securities gains, net		(2)			(3,005)			(46)			—			(4,492)
Total revenue (denominator)		$	220,353		$	208,771		$	218,568		$	217,760		$	219,838
Efficiency ratio		62.3		%	66.4		%	64.5		%	63.1		%	63.6		%
Non-performing assets to shareholders' equity (tangible) and ACL - loans(1)
Non-performing assets (numerator)		$	146,647		$	145,222		$	146,531		$	147,986		$	143,682
Tangible shareholders' equity		$	1,855,354		$	1,805,462		1,750,577			1,806,873			$	1,789,838
Plus: ACL - loans		266,825			256,537			238,508			163,622			166,135
Tangible shareholders' equity and ACL - loans (denominator)		$	2,122,179		$	2,061,999		$	1,989,085		$	1,970,495		$	1,955,973
Non-performing assets to tangible shareholders' equity and ACL - loans		6.91		%	7.04		%	7.37		%	7.51		%	7.35		%

	Three months ended
	Sep 30			Jun 30			Mar 31			Dec 31			Sep 30
	2020			2020			2020			2019			2019
Asset Quality, excluding PPP
Net loans recovered (charged-off) (numerator)	$	2,358		$	(4,121)		$	(11,116)		$	(27,118)		$	(6,314)
Average loans, net of unearned income	$	18,880,519		$	18,331,797		$	16,860,067		$	16,766,971		$	16,436,507
Less: Average PPP loans	(1,953,122)			(1,258,917)			—			—			—
Total adjusted average loans (denominator)	$	16,927,397		$	17,072,880		$	16,860,067		$	16,766,971		$	16,436,507
Net (recoveries) charge-offs to adjusted average loans (annualized)	(0.06)		%	0.10		%	0.26		%	0.65		%	0.15		%
Non-performing loans (numerator)	$	142,082		$	139,804		$	139,938		$	141,155		$	135,976
Loans, net of unearned income	$	19,028,621		$	18,704,722		$	17,077,403		$	16,837,526		$	16,686,866
Less: PPP loans	(1,960,165)			(1,937,034)			—			—			—
Total adjusted loans (denominator)	$	17,068,456		$	16,767,688		$	17,077,403		$	16,837,526		$	16,686,866
Non-performing loans to adjusted total loans	0.83		%	0.83		%	0.82		%	0.84		%	0.81		%
ACL - loans (numerator)	$	266,825		$	256,537		238,508			163,622			$	166,135
Loans, net of unearned income	$	19,028,621		$	18,704,722		$	17,077,403		$	16,837,526		$	16,686,866
Less: PPP loans	(1,960,165)			(1,937,034)			—			—			—
Total adjusted loans (denominator)	$	17,068,456		$	16,767,688		$	17,077,403		$	16,837,526		$	16,686,866
ACL - loans to adjusted total loans	1.56		%	1.53		%	1.40		%	0.97		%	1.00		%
Note: numbers may not sum due to rounding.
(1) "ACL - loans" relates to the ACL specifically on "Loans, net of unearned income" and does not include the ACL related to OBS credit exposures.