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

November 9, 2020

Date of Report (date of earliest event reported)

Fulton Financial Corporation

(Exact name of registrant as specified in its charter)

PA	0-10587		23-2195389
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)
One Penn Square,	Lancaster,	PA	17602
(Address of Principal Executive Offices)			(Zip Code)

(717) 291-2411

(Registrant's telephone number, including area code)

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

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

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

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

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

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

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

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

                                         Emerging growth company ☐

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

o

Item 7.01 Regulation FD Disclosure.

On November 9, 2020, Fulton Financial Corporation ("Fulton") posted a new corporate presentation (the "Corporate Presentation") on its Investor Relations website at www.fult.com. The Corporate Presentation, attached as Exhibit 99.1 and incorporated herein by reference, updates previous Corporate Presentations and provides an overview of Fulton's strategy and performance.

The information in this Form 8-K provided under Item 7.01, including all exhibits attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of Fulton under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

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," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, Fulton’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 Fulton’s business or financial results. In addition, management’s "Q4 2020 Outlook" contained in Exhibit 99.1 to this Current Report is comprised of forward-looking statements.

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 Fulton’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 Fulton’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. 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.

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, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 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 Fulton's website (www.fult.com) and on the Securities and Exchange Commission's website (www.sec.gov).

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.	Description
99.1	Corporate Presentation

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: November 9, 2020	FULTON FINANCIAL CORPORATION
	By: /s/ Mark R. McCollom
	Mark R. McCollom
	Senior Executive Vice President and
	Chief Financial Officer

EX-99.1

INVESTOR PRESENTATION z Data as of September 30, 2020 - Unless otherwise noted.

Forward-Looking Statements This presentation may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," “projects,” the negative of these terms and other comparable terminology. These forward looking statements may include projections of, or guidance on, the Corporation’s future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation’s business or financial results. In addition, management’s Q4 2020 Outlook contained herein is comprised of forward-looking statements. 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, June 30, 2020 and September 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 ). 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

Why Fulton?
Deep Executive Bench with Continuity
Valuable Franchise in Attractive Markets
Relationship Banking Strategy Focused on the Customer Experience
Granular, Well-Diversified Loan Portfolio
Attractive Core Deposit Profile
Solid Asset Quality and Reserves
Prudent Expense Management with Opportunities to Improve
Strong Capital Position
Strong and Diverse Liquidity Position 3

Deep Executive Bench With Continuity Years in Financial Prior Name Position Years at Fulton Services Experience Phil Wenger Chairman/CEO 41 41 Various roles since joining in 1979 Curt Myers President/COO 30 30 Various roles since joining in 1990 PwC, Banking and Investment Banking; Joined Mark McCollom (1) Chief Financial Officer 2 32 Fulton in November 2017 Meg Mueller Head of Commercial Banking 24 34 Various roles since joining in 1996 Angela Snyder Head of Consumer Banking 18 35 Various roles since joining in 2002 Angie Sargent Chief Information Officer 28 28 Various roles since joining in 1992 Betsy Chivinski (2) Chief Risk Officer 26 38 Various roles since joining in 1994 (1) Includes years of service in public accounting and investment banking as a financial services industry specialist. 4 (2) Includes years of service in public accounting as a financial services industry specialist.

A Valuable Franchise
~220 financial centers throughout the Mid-Atlantic
Asset size of $25.5 billion
3,400+ team members (1)
Market capitalization of ~ $1.5 billion (2)
Opportunity to meaningfully grow our market share (3) o ~16.4% deposit market share across the 15 counties where we have a Top 5 deposit market share; Represents 57% of our total deposits o ~0.7% deposit market share across the 32 counties where we do not have a Top 5 deposit market share; Represents 43% of our total deposits (1) Average full-time equivalent employees at September 30, 2020. (2) Shares outstanding and closing price as of September 30, 2020 (3) Data as of June 30, 2020 per S&P Global Market Intelligence ; 5 Map includes Fulton Financial counties with a financial center and/or a loan production office (“LPO”), and incorporated cities in MD and VA with a financial center and/or LPO and removes online only bank deposits.

Strong Position In Attractive & Stable Markets Fulton Financial Fulton Financial Market Median Projected Fulton Financial Fulton Financial Market Total Projected Corporation Corporation Total Market Total Household Market Metropolitan Statistical Area (MSA) Corporation Corporation Total Active Branches Household Total Active Deposit Market Deposits 2020 ($000) Income Current Population Market Rank Deposits 2020 ($000) 2020 Income Growth Branches 2020 Share 2020 ($) Growth Lancaster, PA 1 23 4,021,550 28.52% 174 14,102,995 72,498 12.81% 1.72% Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 15 55 3,933,138 0.97% 1,594 403,935,067 75,304 9.40% 0.95% Allentown-Bethlehem-Easton, PA-NJ 4 20 1,770,982 8.79% 227 20,149,702 70,959 9.11% 1.14% New York-Newark-Jersey City, NY-NJ-PA 103 24 1,600,007 0.05% 4,983 3,308,796,968 86,466 11.67% 0.18% Baltimore-Columbia-Towson, MD 11 17 1,320,474 1.40% 652 94,439,541 87,338 9.81% 1.43% York-Hanover, PA 3 11 1,173,150 12.98% 115 9,037,888 71,345 11.31% 1.29% Harrisburg-Carlisle, PA 6 9 1,066,947 5.81% 168 18,357,850 69,945 8.66% 1.97% Lebanon, PA 1 8 931,437 35.62% 37 2,615,168 66,546 9.86% 2.27% Reading, PA 6 9 880,538 4.85% 109 18,139,375 69,121 10.04% 1.03% Hagerstown-Martinsburg, MD-WV 2 8 569,122 12.20% 77 4,663,025 64,941 8.53% 2.81% Top 10 Fulton Financial Corporation MSAs (1) 184 17,267,345 0.44% 8,136 3,894,237,579 73,446 10.17% 0.59% Total Franchise 223 19,978,600 0.43% 10,881 4,672,584,791 67,778 8.24% 1.27% Nationwide 67,761 9.01% 2.91% Note: 6 Data as of June 30, 2020 per S&P Global Market Intelligence. (1) Median HH Income, 2021 – 2026 Projected Population Change and Projected HH Income Change are weighted by deposits in each MSA.

Extending Footprint Into Fast Growing Urban Markets Philadelphia, PA County Deposit Market Share – Top 20 Commentary Total Deposit Total Deposit Regulatory Total Active Total Deposits 2020 Parent Company Name Market Share
Philadelphia is a natural extension of our current Rank 2020 Industry Branches 2020 ($000) 2020 (%) footprint 1 Bank PNC Financial Services Group Inc. 36 13,920,766 21.26 o Opened 3 financial centers in 2019 2 Bank Bank of America Corp. 18 13,790,671 21.06 3 Bank Wells Fargo & Co. 38 13,003,250 19.86 o 1 financial center targeted to open in 2021 4 Bank Citizens Financial Group Inc. 44 7,676,134 11.72
No bank of Fulton’s size in Philadelphia Bank Toronto-Dominion Bank 21 4,079,901 6.23 5 o The top 5 banks have ~80% of the deposit Bank Banco Santander SA 20 3,837,095 5.86 6 market share 7 Thrift WSFS Financial Corp. 13 1,279,440 1.95 o Presents a tremendous growth opportunity for 8 Bank M&T Bank Corp. 6 1,268,193 1.94 9 Savings Bank Firstrust Savings Bank 5 1,135,483 1.73 Fulton 10 Bank Truist Financial Corp. 9 1,047,524 1.60
Health Care, Technology and Professional Services are 11 Bank Republic First Bancorp Inc. 7 883,448 1.35 major economic forces, which are target business Bank Prudential Bancorp Inc. 8 669,973 1.02 12 segments for Fulton 13 Bank Univest Financial Corp. 7 566,768 0.87 14 Bank HSBC Holdings PLC 1 401,718 0.61
The Philadelphia-Camden-Wilmington MSA is a large 15 Bank JPMorgan Chase & Co. 12 276,126 0.42 economic region with GDP of over $440bn, and is the 16 Bank Bryn Mawr Bank Corp. 5 249,113 0.38 8th largest metropolitan area in the U.S (1 ) 17 Bank Asian Financial Corp. 2 192,046 0.29 18 Savings Bank United Savings Bank 3 182,205 0.28
Baltimore is another targeted area for growth 19 Bank S&T Bancorp, Inc. 2 173,351 0.26 o Opened 1 financial center and 1 loan production 20 Bank Hyperion Bank 1 142,402 0.22 office in 2019; 1 financial center in 2020 All Others 29 706,903 1.08 o 2 financial centers opening in 2021 Total - Philadelphia County 287 65,482,510 100.00 Note: Deposit data as of June 30, 2020 per S&P Global Market Intelligence (excludes non-retail deposits and closed/proposed branches) . 7 (1) 2018 advance statistics; source: U.S. Bureau of Economic Analysis.

Strategic Initiatives Support Our Relationship Banking Strategy Purpose We Change Lives for the Better OPERATIONAL EXCELLENCE GROWTH STRATEGIES Strategic Filter • Advancing business line structure Outcomes • Investing in talent for growth and charter consolidation. in targeted markets and • Focus on consistency and businesses. effectiveness across all operations • Investing in digital capabilities areas through enterprise process to enable Fulton to design, improvement and incrementally acquire new automation (workflow, RPA, AI). relationships and cross-sell • Developing an enterprise existing clients and leverage O technology strategy including customer intelligence L A N O I AT R E P defining the future state platform R capabilities. UTSIDE and execution roadmap. K S I • Differentiating Fulton in O NS IDE serving all segments of I communities through Customer & C & G XCELLENCE execution and expansion of H T W O R E Fulton Forward®. Community E C N A I L P M O • Implementing new branch EFFECTIVE RISK MANAGEMENT formats/designs. E AND COMPLIANCE E C N E L L E C X • Sustaining risk management, compliance and systems to ensure stakeholder expectations are met. • Implementing technology enhancements to limit manual IMPLIFY ON THE controls and enable on-going XECUTE WITH S E monitoring. IFFERENTIATE ON THE D T AL ENT S TRATEGY & T ECHNOLOGY S TRATEGY 8

Fulton Has Made Significant Investments To Enhance Its Digital Capabilities Commercial Online Commercial Loan Mortgage Loan NewPurchaseBanking Website Platform Origination System Origination System 2017 2019 2020
Best-in-class online platform for
Streamlines commercial
Cloud-based loan origination customers to track, manage, and underwriting process to condense system with a network of grow their business timeline from application to close integrated partners
Integrates easily with other
Integrates with CRM platform to
Provides an enhanced customer platforms such as QuickBooks® streamline processes and keep experience with the right blend of customers more informed human interaction and mobile technology 9

Optimizing Our Financial Center Network Optimizing our financial center network has:
Moved us towards multiple financial center types vs. a one-size-fits-all model
Given us greater ability to re-invest in people & digital transactions
Oriented the financial center as a primary touchpoint enabling higher- value activities geared towards advice and sales
Created greater focus on customer experience in the financial centers
Closed 44 financial centers and upgraded 56 financial centers to the new format since 2014
Announced the closure of 21 financial centers in early 2021 10 Note: Closed financial center information is net of new openings as of September 30, 2020.

Granular, Well-Diversified Loan Portfolio
Average Loans YTD 9/2020 are up 10.5% compared to YTD 9/2019
Excluding PPP loans, average loans YTD 9/2020 are up 3.9% compared to YTD 9/2019
Yields have declined in 2020, partially offset by declines in deposit costs $18.0 $18.0 5.00% $0.7 $16.4 $0.9 $15.8 $16.0 $0.7 $15.2 $0.6 $0.9 $14.1 $0.5 $2.8 Total Loan Portfolio Yield (1) $1.0 4.50% $14.0 $0.4 $0.9 $2.4 4.55% $0.8 $1.8 $2.0 4.38% $1.3 $12.0 $1.5 $1.4 $1.5 4.07% $1.6 4.00% $10.0 3.95% $1.7 $5.4 $4.2 $4.3 $4.5 $8.0 Balances Portfolio Loan Average $4.2 3.69% 3.50% $6.0 $6.3 $6.5 $6.9 $5.6 $6.2 $4.0 3.00% 2016 2017 2018 2019 YTD 9/2020 ($ IN BILLIONS) Comm'l Mtg Comm'l Home Equity Res Mtg Construction Consumer/Other FTE loan yield (1) Note : Loan portfolio composition is based on average balances for the years ended December 31, 2016 to 2019 and the nine months ended September 30, 2020. 11 (1) Presented on a fully-taxable equivalent (“FTE”) basis using a 21% and 35% federal tax rate and statutory interest expense disallowances in the 2018 through 2020 periods and the 2016 through 2017 periods, respectively .

Attractive Core Deposit Profile
Steady growth in core deposits
Average Deposits for YTD /2020 are up 14.5% compared to YTD 9/2019
Deposit costs actively managed lower 0.79% $20.0 0.80% $18.9 $18.0 $1.6 $16.8 0.70% $15.8 $ $16.0 $14.6 $15.5 $0.1 $1.5 $- 0.60% $1.4 $- $1.5 $3.8 $14.0 $1.4 0.55% $3.5 Deposit Costs(1) $3.0 $3.0 0.50% $12.0 $2.7 $5.1 0.37% $10.0 $4.0 0.41% 0.40% $4.4 $3.6 $8.0 $3.8 0.31% 0.30% Average Deposit Balances Deposit Average $6.0 $4.2 $4.4 $4.3 $4.2 $5.5 0.20% $4.0 0.10% $2.0 $2.8 $2.7 $2.7 $2.9 $2.6 $- 0.00% 2016 2017 2018 2019 YTD 9/2020 ($ IN BILLIONS) Time Non-Int DDA Int DDA Money Mkt Savings Brokered Deposits Costs (1) Note : Deposit composition is based on average balances for the years ended December 31, 2016 to 2019 and nine months ended September 30, 2020. Average brokered deposits were $49 million for 12 2017, $122 million for 2018, $245 million for 2019 and $300 million for YTD 9/2020. Core Deposits equal total deposits less brokered and time deposits. (1) Deposit costs calculated by dividing interest expense on interest-bearing deposits by total average deposits.

Solid Asset Quality And Reserves Commentary Non-Performing Loans (NPLs) & Allowance/Loans
Growth in allowance for credit losses in 2020 1.75% reflects impact of COVID-19 and adoption of $142.1 $150.0 $139.7 $141.2 (1) $131.6 $134.8 CECL 1.50% $125.0
Selected Industries With Heightened Risk Due to COVID-19 Extensively Reviewed $100.0 1.40% 1.25% $75.0 1.24%
P&I Deferrals and Loans In Forbearance 1.17% 1.00% Continue to Decline $50.0 1.12% 0.97% 0.75% $25.0
We are mindful of where we are in the Loans Non-Performing economic cycle, including considerations for $0.0 0.50% COVID-19 and are continuing to assess and 2016 2017 2018 2019 YTD analyze the loan portfolio for signs of weakness 9/2020(1) or stress NPLs Allowance/Loans ($ IN MILLIONS) (1) Effective January 1, 2020, Fulton adopted Accounting Standards Update 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” 13 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.

Prudent Expense Management With Opportunities To Realize Efficiencies Commentary Efficiency Ratio (FTE)
Low rate environment and continued buildout of our 70.0% compliance, risk and technology infrastructures were 68.0% the primary drivers of the increase in the efficiency 66.0% ratio in 2015 64.0% 62.0% ~ $730
Positive operating leverage from 2016 through 2019 million 60.0% reduced the efficiency ratio ~ $610 2014Y 2015Y 2016Y 2017Y 2018Ymillion 2019Y YTD o Closed 44 financial centers, net of new openings, 9/2020 since 2014 Non-Interest Expenses / Average Assets
Our efficiency ratio (FTE) was 64.4% (1) for the nine 3.00% months of 2020, within our goal of 60.0% - 65.0% 2.80%
Announced cost savings initiatives focused on 2.60% Financial Center Optimization, efficient delivery 2.40% systems, reallocation of management responsibilities, and streamlining of functions. 2.20% 2.00%
A portion of the savings to be reinvested to 2014Y 2015Y 2016Y 2017Y 2018Y 2019Y YTD accelerate digital transformation 9/2020(2) (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. 14 (2) Annualized.

Strong Capital Position COMMENTARY CAPITAL RATIOS (1)
Capital position remains strong
Suspended share repurchases in Mid- 16.00% 13.8% March 14.00%
Dividend elected to remain at $0.13 12.00% $648 quarterly 10.00% 9.6% 9.6% $196
Raised $375 million of subordinated debt $485 8.00% 7.5% in Q1 2020 6.00% $601
Raised $200 million in tier-1 qualifying non-cumulative perpetual preferred stock 4.00% in Q4 2020 2.00% Tier 1 Leverage Tier 1 Risk Based CE Tier 1 Total Risk-Based
Internal stress analyses indicate sufficient Regulatory Minimums Excess(2) capital currently 1) Regulatory capital ratios as of September 30, 2020. 15 2) Excesses shown are to regulatory minimums, including the 250 basis point capital conservation buffer, except for Tier 1 Leverage which is the well-capitalized minimum. Dollars are in millions.

CREDIT DISCLOSURES – ADDITIONAL DETAIL ON DEFERRALS AND SELECT INDUSTRIES (DATA AS OF SEPTEMBER 30, 2020; ALL INDUSTRY CLASSIFICATIONS BASED ON NAICS CODES)

P&I Deferrals and Loans In Forbearance Have Declined As of September 30, 2020 (1) Based on regulatory classifications. (2) Represents the portion of the portfolio balance as of September 30, 2020 that consists of loans that had entered into COVID-19 pandemic-related payment deferral arrangements at any time, including loans for which the payment deferral arrangements expired prior to September 30, 2020 and were not subsequently renewed or extended, and loans for which initial payment deferral arrangements expired prior to September 30, 2020 and the payment deferral arrangements were subsequently renewed or extended. (3) Represents the portion of the portfolio balance as of September 30, 2020 that consists solely of loans for which initial COVID-19 pandemic-related payment deferral arrangements expired prior to September 30, 2020 and the payment deferral arrangement were subsequently renewed or extended. With respect to the residential mortgage portfolio, this includes all loans currently under forbearance, whether initial or extended term. Note: Deferrals generally have a 90 day term. Residential mortgage forbearances generally have a 180 day term. 17

Selected Industries With Heightened Risk Due to COVID-19 Commercial Portfolio – Selected Industries (1) (1) Commercial Portfolio consists of Commercial and Industrial, Commercial Mortgage, and Construction loans to commercial borrowers. Note: "Pass," "Special Mention" and 18 "Substandard or Lower" are the Corporation's internal risk rating categories. Please see Note 1 - Basis of Presentation in the Corporation's Form 10-Q for the quarter ended September 30, 2020 for a description of these categories.

Complete Hotel Portfolio Reviewed With Updated Risk Ratings As of September 30, 2020 • 60 hotel loans totaling $366 million or 2.6% of the portfolio. • Average loan size of $3.0 million. • Approximately 51% of the hotel loans are in a COVID-19 deferral. • Concentration in hotels that primarily rely on leisure segments in “drive-to” markets, which have been recovering faster than those dependent on air travel. • 74% of hotel loan portfolio consists of limited service hotels / extended stay hotels which typically have lower operating costs. • Most loans are backed by experienced hotel operators with positive global cash flow and liquidity. Majority of the loans include a personal guaranty from the principal(s). 19

Food Services/Restaurant Portfolio Reflects Diversity In Size, Type And Geography As of September 30, 2020 Food Services/Restaurants portfolio reflects diversity in size, type and geography • Portfolio size of $106 million. • Diversified and granular portfolio with average loan size of $250 thousand. • Geographically dispersed exposure, with most destinations now open, subject to government capacity limits. 20

Arts and Entertainment: Portfolio Risk Assessment Shows Reasonable Ability To Perform Given Current Environment As of September 30, 2020 The Arts/Entertainment portfolio risk assessment shows reasonable ability to perform given current environment • Portfolio of $290 million. • Diverse portfolio with average loan size of $1.1 million. • Largest sub-sector includes fitness centers. 80% of fitness portfolio comprised primarily of regional YMCA facilities across five-state footprint, which are open and operating as well as providing social and youth support activities during pandemic. • Performing Arts Promoters, Theater & Performing Arts and Spectator & Sports Teams portfolios reviewed and reflect reasonable ability to perform given current environment. 21

Healthcare: CCRC’s Show Solid Occupancy, Performance And Continue To Have Waiting Lists As of September 30, 2020 CCRC's show solid occupancy, performance and continue to have waiting lists • Portfolio of $967 million. • Healthcare portfolio granular and diverse. • Largest exposure is Nursing and Continuing Care facilities, which are primarily non-profit, religious-affiliated facilities across five state footprint. Specific characteristics include: ◦ 90-95% Occupancy at most facilities. ◦ Lengthy waiting lists. ◦ Demographics reflect continued demand. ◦ Minimal non-pass exposure • General Medical and Surgical Hospital exposure is primarily to investment grade regional medical systems. 22

Retail Exposure Includes Significant Auto Dealership Portfolio That Has Rebounded Nicely As of September 30, 2020 Retail exposure includes significant auto dealership portfolio that has rebounded nicely 5% • Portfolio of $680 million. • Approximately $457 million in Auto and Equipment Dealership exposure. Retail New and Used car sales are strong. • Remaining portfolio granular and diverse. Stores are open and operating. (1) Other includes the following categories and corresponding percentages: Home Furnishings Stores (3%), Nonstore Retailers & Direct Sell (2%), Health and Personal Care Stores (2%), Clothing & Jewelry Stores (2%) and Sporting Goods & Hobby (1%). 23

Energy Portfolio Detail: No Direct Exposure To Upstream Or Midstream; Downstream Comprised Of Oil And Gasoline Retail Distribution As of September 30, 2020 • Upstream - Exploration and production sector. Includes searching for crude oil and natural gas fields, drilling of exploratory wells, and drilling and operating wells to bring crude oil and/or raw natural gas to the surface. • Midstream - Involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. • Downstream - Refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector touches consumers through products such as gasoline, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals. Petrochemicals are broken out separately for this exercise. 24

RECENT FINANCIAL PERFORMANCE & HIGHLIGHTS

Income Statement Summary Change From 3Q20 2Q20 3Q19 (dollars in thousands, except per-share data) Net Interest Income $ 154,116 $ 1,362 $ (7,144) Provision for Credit Losses 7,080 (12,490) 4,910 Non-Interest Income 63,246 10,329 7,925 Securities Gains 2 (3,003) (4,490) Non-Interest Expense 139,147 (3,859) (7,623) Income before Income Taxes 71,137 25,036 (996) Income Taxes 9,529 2,988 (496) Net Income $ 61,607 $ 22,049 $ (501) Net income per share (diluted) $ 0.38 $ 0.14$ 0.01 ROA (1) 0.97 % 0.31 % (0.18)% ROE (2) 10.32 % 3.43 % (0.32)% ROE (tangible) (3) 13.50 % 4.51 % (0.53)% Efficiency ratio (3) 62.3 % (4.0)% (1.3)% (1) ROA is return an average assets determined by dividing net income for the period indicated by average assets, annualized. 26 (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 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 .

Net Interest Income And Margin AVERAGE INTEREST-EARNING ASSETS & YIELDS ($ IN BILLIONS) NET INTEREST INCOME & NET INTEREST MARGIN (1) ($ IN MILLIONS) ~ $730 million ~ $610 million AVERAGE LIABILITIES & RATES ($ IN BILLIONS) 27 (1) Using a 21% federal tax rate and statutory interest expense disallowances.

Asset Quality ($ IN MILLIONS) PROVISION FOR CREDIT LOSSES NON-PERFORMING LOANS (NPLS) & NPLS TO LOANS NET CHARGE-OFFS (NCOS) AND NCOS TO AVERAGE LOANS ALLOWANCE FOR CREDIT LOSSES (ALLOWANCE) (1) TO NPLS & LOANS (1) The allowance for credit losses (“ACL”) relates specifically to "Loans, net of unearned income" and does not include the ACL related to off-balance-sheet credit 28 exposures. The company adopted ASU 2016-13 (CECL), effective January 1, 2020.

Non-Interest Income (1) Three months ended September 30, 2020 (percent of total non-interest income) 3Q20 2Q20 Change (dollars in thousands)  Wealth Management $ 14,943 $ 13,407 $ 1,536  Mortgage Banking 16,801 9,964 6,837  Consumer Banking 10,423 9,138 1,285  Commercial Banking 18,311 16,748 1,563  Other 2,769 3,660 (891) Total $ 63,246 $ 52,917 $ 10,329 Non-interest income (1) increased 20% from 2Q20 Increases in all major categories:  Brokerage income  Combined impact of higher sale gains (volume and spreads) and a $1.5 million MSR impairment charge in 3Q20, compared to $6.6 million MSR impairment charge in 2Q20.  Mainly overdraft fees  Primarily merchant fees and Small Business Administration income 29 (1) Excludes investment securities gains.

Non-interest Expense Three months ended September 30, 2020 3Q20 2Q20 Change (percent of total non-interest expense) (dollars in thousands)  Salaries and Benefits $ 79,227 $ 81,012 $ (1,785)  Occupancy 13,221 13,144 77  Data Processing and Software 12,285 12,193 92  Other Outside Services 7,617 7,600 17  Prepayment Penalty on FHLB Advances — 2,878 (2,878)  Other 26,797 26,179 618 Total $ 139,147 $ 143,006 $ (3,859) Non-interest expense decreased 2.7% from 2Q20 Decreases in:  COVID-19 bonuses in 2Q20 and seasonal decrease in payroll taxes, partially offset by higher health insurance expense  Prepayment Penalty on FHLB Advances recorded in 2Q20 Increases in:  $1.5 million SEC litigation settlement recorded in 3Q20 30

Cost Savings Initiatives Comprehensive review of expenses undertaken over the past 4 months resulting in the following cost savings initiatives: Projected • Previously disclosed 21 financial centers expected to be $16-$17 closed and consolidated in January 2021 • Further cost savings initiatives planned related to delivery systems, reallocation of management responsibilities and flattening of reporting structures, vendor contracts and streamlining of other functions • Including the 21 financial center closures and consolidation announced on October 1, 2020, initiatives expected to result in annualized pre-tax savings of $25 million to be fully- realized in 2Q21 Actual Projected $0.8 $0-$1 • A portion of the savings to be reinvested to accelerate digital transformation • Anticipate aggregate pre-tax charges of $17 to $19 million to be recorded, which are expected to be recovered through non-interest expense reductions within approximately 8 months 31

Q4 2020 Outlook All previous guidance for 2020 has been withdrawn due to the impact from COVID-19. At this time, select guidance for the fourth quarter of 2020 will be provided on the following areas in comparison to third quarter of 2020 actual results, except effective tax rate is the expected range of the effective tax rate for the fourth quarter of 2020: • Loans: Overall loan growth, including PPP, expected to be +/- 1 - 2%. • Deposits: Overall deposit decline expected to be 3 - 5%, with seasonal municipal deposit outflows accompanied by modest runoff of PPP funds. • Net Interest Income : In the range of $153 - $158 million, which includes $3-4 million attributable to PPP loan forgiveness. • Non-Interest Income: In the range of $57 - $62 million. • Non-Interest Expense: In the range of $139 - $142 million, excluding charges related to cost saving initiatives. • Effective Tax Rate: Between 14.5% - 15.5% 32

APPENDIX

Average Loan Portfolio And Yields Change in 3Q 2020 Balance From Yield From Balance Yield 2Q 2020 3Q 2019 2Q 2020 3Q 2019 (dollars in millions) Real estate - commercial mortgage$ 6,987 3.27% $ 111 $ 498 (0.20%) (1.30%) Commercial & industrial 5,984 2.53% 274 1,569 (0.82%) (2.03%) Real estate - residential mortgage 2,975 3.73% 205 462 (0.15%) (0.33%) Real estate - home equity 1,238 3.87% (33) (126) (0.04%) (1.40%) Real estate - construction 982 3.84% 41 77 0.31% (0.84%) Consumer 465 4.07% (1) 7 (0.10%) (0.29%) Equipment lease financing 279 3.96% (6) 1 0.52% (0.45%) Other (29) - (42) (44) - % - % - Total Loans $ 18,881 3.38% $ 549 $ 2,444 (0.14%) (1.17%) 34 Note: Presented on an FTE basis, using a 21% federal tax rate and statutory interest expense disallowances. Average loan portfolio and yield are for the three months ended September 30, 2020, June 30, 2020 and September 30, 2019.

Average Customer Funding And Rates Change In 3Q 2020 Balance From Rate From Balance Rate 2Q 2020 3Q 2019 2Q 2020 3Q 2019 (dollars in millions) Noninterest bearing demand$ 6,271 - % $ 481 $ 2,023 - % - % Interest-bearing demand 5,591 0.14% 487 1,143 (0.03%) (0.68%) Savings 5,716 0.16% 270 690 (0.09%) (0.71%) Brokered 315 0.56% 3 62 0.02% (1.84%) Time 2,495 1.58% (130) (480) (0.13%) (0.28%) Total Deposits 20,388 0.29% 1,111 3,438 (0.07%) (0.55%) Cash Management 613 0.24% 66 280 0.01% -0.56% Total Customer Funding$ 21,001 0.28% $ 1,177 $ 3,718 -0.07% (0.56%) 35 Average deposit portfolio and rate are for the three months ended September 30, 2020, June 30, 2020 and September 30, 2019.

Non-Interest Income (1) $ Change from Q3 2020 Q2 2020 Q3 2019 Q2 2020 Q3 2019 (in thousands) Wealth management $ 14,943 $ 13,407 $ 13,867 1,536 1,076 Mortgage banking 16,801 9,964 6,658 6,837 10,143 Consumer banking: Card 5,002 4,966 5,791 36 (789) Overdraft 3,015 2,107 4,682 908 (1,667) Other consumer banking 2,406 2,065 2,860 341 (454) Total consumer banking 10,423 9,138 13,333 1,285 (2,910) Commercial banking: Merchant and card 6,237 5,326 6,166 911 71 Cash management 4,742 4,503 4,696 239 46 Capital markets 4,696 5,004 4,448 (308) 248 Other commercial banking 2,636 1,914 3,478 722 (842) Total commercial banking 18,311 16,747 18,788 1,564 (477) Other 2,769 3,660 2,675 (891) 94 Non-Interest Income before Investment Securities Gains $ 63,247 $ 52,916 $ 55,321 10,331 7,926 36 (1) Excluding investment securities gains.

Non-Interest Expense $ Change from Q3 2020 Q2 2020 Q3 2019 Q2 2020 Q3 2019 (in thousands) Salaries and employee benefits $ 79,227 $ 81,012 $ 78,211 $ (1,785) $ 1,016 Net occupancy 13,221 13,144 12,368 77 853 Data processing and software 12,285 12,193 11,590 92 695 Other outside services 7,617 7,600 12,163 17 (4,546) Professional 2,879 3,331 3,331 (452) (452) Equipment 3,711 3,193 3,459 518 252 FDIC insurance 1,578 2,133 239 (555) 1,339 Marketing 1,147 1,303 3,322 (156) (2,175) Amortization of tax credit investments 1,694 1,450 1,533 244 161 Intangible amortization 132 132 1,071 - (939) Prepayment penalty on FHLB advances - 2,878 4,326 (2,878) (4,326) Other 15,656 14,637 15,157 1,019 499 Total Non-Interest Expense$ 139,147 $ 143,006 $ 146,770 $ (3,859) $ (7,623) 37

Non-GAAP Reconciliation Note : The Corporation has presented the following non-GAAP (Generally Accepted Accounting Principles) financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Three Months Ended Sep 30 Jun 30 Sep 30 2019 2020 2020 Return on Average Shareholders' Equity (ROE) (Tangible) Net income $ 62,108 $ 39,559 $ 61,607 Plus: Intangible amortization, net of tax 846 104 103 Net income (numerator) $ 62,954 $ 39,663 $ 61,710 Average shareholders' equity $ 2,315,585 $ 2,309,133 $ 2,374,091 Less: Average goodwill and intangible assets (535,184) (535,103) (534,971) Average tangible shareholders' equity (denominator) $ 1,780,401 $ 1,774,030 $ 1,839,120 Return on average shareholders' equity (tangible), annualized 14.03% 8.99% 13.50% 38

Non-GAAP Reconciliation Years Ended Nine Months Ended Three Months Ended Sep 30 Sep 30 Sep 30 Jun 30 Sep 30 2014 2015 2016 2017 2018 2019 2019 2020 2019 2020 2020 Efficiency ratio Non-interest expense $ 459,246 $ 480,160 $ 489,519 $ 525,579 $ 546,104 $ 567,736 $ 428,762 $ 424,705 $ 146,770 $ 143,006 $ 139,147 Less: Intangible Amortization (1,259) (247) - - - (1,427) (1,285) (397) (1,071) (132) (132) Less: Amortization of tax credit investments - - - (11,028) (11,449) (6,021) (4,516) (4,594) (1,533) (1,450) (1,694) Less: Loss on redemption of trust preferred securities - (5,626) - - - - - - - - - Less: Prepayment penalty on FHLB advances - - - - - (4,326) (4,326) (2,878) (4,326) (2,878) - Non-interest expense (numerator) $ 457,987 $ 474,287 $ 489,519 $ 514,551 $ 534,655 $ 555,962 $ 418,635 $ 416,836 $ 139,840 $ 138,546 $ 137,321 Net interest income (fully taxable-equivalent)$ 532,322 $ 518,464 $ 541,271 $ 598,565 $ 642,577 $ 661,356 $ 498,877 $ 476,931 $ 164,517 $ 155,854 $ 157,106 Plus: Total Non-interest income 167,379 181,839 190,178 207,974 195,525 216,160 160,880 173,814 59,813 55,922 63,248 Less: Investment securities gains (2,041) (9,066) (2,550) (9,071) (37) (4,733) (4,733) (3,053) (4,492) (3,005) (2) Net interest income (denominator) $ 697,660 $ 691,237 $ 728,899 $ 797,468 $ 838,065 $ 872,783 $ 655,024 $ 647,692 $ 219,838 $ 208,771 $ 220,352 Efficiency ratio 65.6% 68.6% 67.2% 64.5% 63.8% 63.7% 63.9% 64.4% 63.6% 66.4% 62.3% 39

www.fult.com

XML

Cover Page	Nov. 09, 2020
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Nov. 09, 2020
Entity Registrant Name	Fulton Financial Corporation
Entity Incorporation, State or Country Code	PA
Entity File Number	0-10587
Entity Tax Identification Number	23-2195389
Entity Address, Address Line One	One Penn Square,
Entity Address, City or Town	Lancaster,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17602
City Area Code	717
Local Phone Number	291-2411
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000700564
Amendment Flag	false
Common stock, par value $2.50
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $2.50
Trading Symbol	FULT
Security Exchange Name	NASDAQ
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
Trading Symbol	FULTP
Security Exchange Name	NASDAQ