Exhibit 99.1

FULTON FINANCIAL

CORPORATION

FOR IMMEDIATE RELEASE

Media Contact: Laura Wakeley (717) 291-2616

Investor Contact: Matt Jozwiak (717) 327-2657

Fulton Financial Corporation Announces Second Quarter 2022 Results

(July 19, 2022) – Lancaster, PA – Fulton Financial Corporation (NASDAQ:FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $67.4 million, or $0.42 per diluted share, for the second quarter of 2022, an increase of $5.7 million, or 9.2%, in comparison to the first quarter of 2022. The Corporation reported net income available to common shareholders of $129.2 million, or $0.80 per diluted share, for the six months ended June 30, 2022, a decrease of $3.7 million or 2.8%, in comparison to the six months ended June 30, 2021.

"Overall, we are pleased with Fulton's performance and results for the second quarter. Loan originations were strong, we began to see the positive impact of rising interest rates, and fee income was solid despite headwinds in mortgage banking and our wealth management businesses," said E. Philip Wenger, Chairman and CEO. "On the corporate front, we completed our acquisition of Prudential Bancorp, Inc., which was a very important milestone for us, and we published our first Corporate Social Responsibility report highlighting the positive impact our company and our team are making in the communities we serve."

Net Interest Income and Balance Sheet

Net interest income for the second quarter of 2022 was $178.8 million, an increase of $17.5 million in comparison to the first quarter of 2022. The net interest margin for the second quarter of 2022 increased 26 basis points, to 3.04%, from 2.78% in the first quarter of 2022.

The linked-quarter increase in net interest income was primarily due to rising interest rates resulting in increases in interest income from net loans, investment securities and other interest-earning assets of $14.6 million, $1.8 million and $1.1 million, respectively. An increase in the average balances for net loans and investment securities of $254.1 million and $172.1 million, respectively, also contributed to the increase in interest income. Interest expense from interest-bearing liabilities for the second quarter of 2022 declined by $0.2 million compared to the first quarter of 2022.

For the second quarter of 2022, net interest income was $178.8 million,an increase of $16.4 million, or 10.1%, in comparison to the second quarter of 2021 primarily driven by higher interest rates resulting in an increase in interest income from net loans of $9.2 million. Additionally, the year-over-year increase of

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$807.2 million in average investment securities resulted in an increase of $4.7 million in interest income for the second quarter of 2022 compared to the second quarter of 2021.

Total average interest-earning assets for the second quarter of 2022 were $24.0 billion, an increase of $90.9 million from the first quarter of 2022, primarily driven by the aforementioned increases in average net loans of $254.1 and average investment securities of $172.1 million, partially offset by a decrease in other interest-earning assets of $319.9 million.

Total average interest-earning assets for the second quarter of 2022 decreased by $295.2 million from the second quarter of 2021. Average net loans for the second quarter of 2022 were $18.6 billion    , a decrease of $269.4 million from the same period in 2021. Included in average net loans for the second quarter of 2022 were Paycheck Protection Program ("PPP") loans with an average balance of $114.8 million, a decrease of $1.4 billion from the second quarter of 2021. The decrease in average PPP loans for the second quarter of 2022was partially offset by increases in average residential mortgage loans, average commercial mortgage loans, average real estate construction loans and average commercial and industrial loans of $656.0 million, $162.8 million, $134.5 million and $119.8 million, respectively. Average investment securities increased $807.2 million, for the second quarter of 2022 compared to the second quarter of 2021.

Total average interest-bearing liabilities decreased $202.8 million, to $14.9 billion, in the second quarter of 2022 compared to the first quarter of 2022, driven by decreases of $88.8 million, $67.0 million and $52.9 million in average time deposits, average demand deposits and average long-term borrowings, respectively.

Total average interest-bearing liabilities for the second quarter of 2022 decreased $822.8 million from the second quarter of 2021, driven bydecreases in average balances of $685.8 million, $69.8 million and $67.2 million in total interest-bearing deposits, long-term borrowings and short-term borrowings, respectively.

Asset Quality

In the second quarter of 2022, a provision for credit losses of $1.5 million was recorded, as compared to a negative provision for credit losses of $7.0 million in the first quarter of 2022, and a negative provision for credit losses of $3.5 million in the second quarter of 2021. The provision for credit losses for the second quarter of 2022 was recorded to adjust the allowance for credit losses as a result of strong loan growth during the quarter as well as the economic outlook.

Non-performing assets were $178.3 million, or 0.71% of total assets, at June 30, 2022, compared to $163.0 million, or 0.64% of total assets at March 31, 2022, and $156.5 million, or 0.60% of total assets, at June 30, 2021.

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Annualized net charge-offs (recoveries) for the quarter ended June 30, 2022, were (0.08)% of total average loans, compared to (0.02%) and 0.15% for the quarters ended March 31, 2022 and June 30, 2021, respectively.

Non-interest Income

Non-interest income before investment securities gains in the second quarter of 2022 was $58.4 million, an increase of $3.1 million, or 5.7%, from the first quarter of 2022. The increase in non-interest income was driven by increases of $2.1 million in fee income from commercial customer interest rate swaps, $1.3 million in commercial banking merchant and card revenues and $0.8 million in consumer banking fees, partially offset a decrease of $1.2 million in wealth management revenues.

Compared to the second quarter of 2021, non-interest income before investment securities gains in the second quarter of 2022 increased $6.5 million, or 12.6%, from $51.9 million. The increase in non-interest income was primarily due to increases of $2.2 million in fee income from commercial customer interest rate swaps, $1.6 million in consumer banking fees, $0.9 million in mortgage banking income, $0.7 million in cash management fees, $0.6 million in wealth management revenues and $0.6 million in commercial banking merchant and card revenues.

Non-interest Expense

Non-interest expense, excluding merger-related expenses, was $148.7 million in the second quarter of 2022, an increase of $3.1 million, or 2.1%, compared to the first quarter of 2022.The increase was primarily due to a $1.0 million decrease in net gains on the sale of owned-fixed assets and an increase of $0.5 million in state taxes, both reflected in other expense, and a $0.9 million increase in salaries and employee benefits primarily due to merit increases and one additional day in the quarter. Included in non-interest expense for the second quarter of 2022 was $1.0 million of merger-related expenses associated with the acquisition of Prudential Bancorp, Inc., compared to $0.4 million in the first quarter of 2022.

Compared to the second quarter of 2021, non-interest expense, excluding merger-related expenses of $1.0 million, increased $7.9 million, or 5.6%, in the second quarter of 2022, primarily due to increases of $7.0 million in salaries and employee benefits and $1.1 million in net occupancy expense.

Income Tax Expense

For the second quarter of 2022, the effective tax rate was 18.6%, compared to 17.6% for the full-year of 2021.

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

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Safe Harbor Statement

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

Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation’s control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

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Non-GAAP Financial Measures

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

FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
in thousands, except per-share data and percentages
	Three months ended
	June 30		Mar 31		Dec 31		Sep 30		Jun 30
	2022		2022		2021		2021		2021
Ending Balances
Investments	$	4,117,801	$	4,288,674	$	4,167,774	$	4,000,760	$	3,921,658
Net loans	18,920,950		18,476,119		18,325,350		18,269,407		18,586,756
Total assets	25,252,686		25,598,310		25,796,398		26,390,832		26,079,774
Deposits	21,143,866		21,541,174		21,573,499		22,074,041		21,724,312
Shareholders' equity	2,471,093		2,569,535		2,712,680		2,699,818		2,692,958
Average Balances
Investments	$	4,216,507	$	4,228,827	$	3,980,045	$	3,914,627	$	3,670,333
Net loans	18,637,175		18,383,118		18,220,550		18,414,153		18,906,556
Total assets	25,578,432		25,622,462		26,136,536		26,440,876		26,017,542
Deposits	21,523,713		21,480,183		21,876,938		22,123,480		21,765,601
Shareholders' equity	2,531,346		2,688,834		2,713,198		2,722,833		2,669,413
Income Statement
Net interest income	$	178,831	$	161,310	$	165,613	$	171,270	$	162,399
Provision for credit losses	1,500		(6,950)		(5,000)		(600)		(3,500)
Non-interest income	58,391		55,256		63,881		62,577		51,890
Non-interest expense	149,730		145,978		154,019		144,596		140,831
Income before taxes	85,992		77,538		80,475		89,851		76,958
Net income available to common shareholders	67,427		61,726		59,325		73,021		62,402
Pre-provision net revenue(1)	89,384		71,842		77,837		90,947		75,575
Per Share
Net income available to common shareholders (basic)	$0.42		$0.38		$0.37		$0.45		$0.38
Net income available to common shareholders (diluted)	$0.42		$0.38		$0.37		$0.45		$0.38
Cash dividends	$0.15		$0.15		$0.22		$0.14		$0.14
Common shareholders' equity	$	14.15	$	14.79	$	15.70	$	15.53	$	15.34
Common shareholders' equity (tangible)(1)	$	10.81	$	11.44	$	12.35	$	12.21	$	12.05
Weighted average shares (basic)	160,920		160,588		161,210		162,506		162,785
Weighted average shares (diluted)	162,075		161,911		162,355		163,456		163,858
(1) Non-GAAP financial measure. Refer to the calculation on the page titled “Reconciliation of Non-GAAP Measures” at the end of this press release.

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	Three months ended
	June 30		Mar 31		Dec 31		Sep 30		Jun 30
	2022		2022		2021		2021		2021
Asset Quality
Net (recoveries) charge offs to average loans (annualized)	(0.08)	%	(0.02)	%	0.07	%	(0.05)	%	0.15	%
Non-performing loans to total loans	0.92	%	0.87	%	0.83	%	0.82	%	0.83	%
Non-performing assets to total assets	0.71	%	0.64	%	0.60	%	0.58	%	0.60	%
ACL - loans(2) to total loans	1.31	%	1.32	%	1.36	%	1.41	%	1.37	%
ACL - loans(2) to non-performing loans	143	%	151	%	164	%	171	%	166	%
Asset Quality, excluding PPP(1)(3)
Net (recoveries) charge offs to adjusted average loans (annualized)	(0.08)	%	(0.02)	%	0.07	%	(0.05)	%	0.16	%
Non-performing loans to total adjusted loans	0.92	%	0.88	%	0.84	%	0.85	%	0.88	%
ACL - loans(2) to total adjusted loans	1.32	%	1.33	%	1.38	%	1.45	%	1.46	%
Profitability
Return on average assets	1.10	%	1.02	%	0.94	%	1.13	%	1.00	%
Return on average assets, excluding merger-related expenses(1)	1.11	%	1.02	%	0.94	%	1.13	%	1.00	%
Return on average common shareholders' equity	11.57	%	10.03	%	9.34	%	11.45	%	10.11	%
Return on average common shareholders' equity (tangible)(1)	15.23	%	12.88	%	11.89	%	14.56	%	12.93	%
Net interest margin	3.04	%	2.78	%	2.77	%	2.82	%	2.73	%
Efficiency ratio(1)	61.4	%	65.8	%	65.2	%	60.3	%	63.8	%
Non-interest expenses to total average assets	2.35	%	2.31	%	2.34	%	2.17	%	2.17	%
Non-interest expenses to total average assets(1)	2.32	%	2.29	%	2.30	%	2.14	%	2.14	%
Capital Ratios
Tangible common equity ratio ("TCE")(1)	7.0	%	7.3	%	7.8	%	7.6	%	7.7	%
TCE ratio, (excluding AOCI)(1)(5)	8.2	%	7.9	%	7.8	%	7.5	%	7.5	%
Tier 1 leverage ratio(4)	9.1	%	8.9	%	8.6	%	8.4	%	8.5	%
Common equity Tier 1 capital ratio(4)	10.0	%	10.0	%	9.9	%	10.1	%	10.0	%
Tier 1 risk-based capital ratio(4)	10.9	%	10.9	%	10.9	%	11.1	%	11.0	%
Total risk-based capital ratio(4)	13.8	%	13.8	%	14.1	%	14.4	%	14.5	%
(1) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(2) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet ("OBS") credit exposures.
(3) Asset quality information excluding PPP loans.
(4) Regulatory capital ratios as of June 30, 2022 are preliminary and prior periods are actual.
(5) Tangible common equity ("TCE") ratio, excluding accumulated other comprehensive income ("AOCI")

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FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)
dollars in thousands
												% Change from
		June 30		Mar 31		Dec 31		Sep 30		June 30		Mar 31		Jun 30
		2022		2022		2021		2021		2021		2022		2021
ASSETS
	Cash and due from banks	$	158,605	$	161,462	$	172,276	$	260,564	$	143,002	(1.8)	%	10.9	%
	Other interest-earning assets	383,715		1,054,232		1,523,973		2,271,738		1,823,688		(63.6)	%	(79.0)	%
	Loans held for sale	17,528		27,675		35,768		43,123		41,924		(36.7)	%	(58.2)	%
	Investment securities	4,117,801		4,288,674		4,167,774		4,000,760		3,921,658		(4.0)	%	5.0	%
	Net loans	18,920,950		18,476,119		18,325,350		18,269,407		18,586,756		2.4	%	1.8	%
	Less: ACL - loans(1)	(248,564)		(243,705)		(249,001)		(256,727)		(255,032)		(2.0)	%	(2.5)	%
	Loans, net	18,672,386		18,232,414		18,076,349		18,012,680		18,331,724		2.4	%	1.9	%
	Net, premises and equipment	211,639		218,257		220,357		228,179		228,353		(3.0)	%	(7.3)	%
	Accrued interest receivable	64,457		55,102		57,451		57,902		63,232		17.0	%	1.9	%
	Goodwill and intangible assets	537,700		537,877		538,053		536,697		536,847		—	%	0.2	%
	Other assets	1,088,855		1,022,617		1,004,397		979,189		989,346		6.5	%	10.1	%
	Total Assets	$	25,252,686	$	25,598,310	$	25,796,398	$	26,390,832	$	26,079,774	(1.4)	%	(3.2)	%
LIABILITIES AND SHAREHOLDERS' EQUITY
	Deposits	$	21,143,866	$	21,541,174	$	21,573,499	$	22,074,041	$	21,724,312	(1.8)	%	(2.7)	%
	Short-term borrowings	456,185		452,440		416,764		468,967		533,749		0.8	%	(14.5)	%
	Other liabilities	624,412		478,667		472,110		520,620		501,542		30.4	%	24.5	%
	Long-term borrowings	557,130		556,494		621,345		627,386		627,213		0.1	%	(11.2)	%
	Total Liabilities	22,781,593		23,028,775		23,083,718		23,691,014		23,386,816		(1.1)	%	(2.6)	%
	Shareholders' equity	2,471,093		2,569,535		2,712,680		2,699,818		2,692,958		(3.8)	%	(8.2)	%
	Total Liabilities and Shareholders' Equity	$	25,252,686	$	25,598,310	$	25,796,398	$	26,390,832	$	26,079,774	(1.4)	%	(3.2)	%
LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL:
Loans, by type:
	Real estate - commercial mortgage	$	7,417,036	$	7,289,376	$	7,279,080	$	7,145,115	$	7,152,932	1.8	%	3.7	%
	Commercial and industrial	4,098,552		3,992,285		3,906,791		3,863,154		3,870,462		2.7	%	5.9	%
	Real estate - residential mortgage	4,203,827		3,946,741		3,846,750		3,719,684		3,555,897		6.5	%	18.2	%
	Real estate - home equity	1,108,808		1,098,171		1,118,248		1,126,628		1,136,128		1.0	%	(2.4)	%
	Real estate - construction	1,177,446		1,210,340		1,139,779		1,111,487		1,070,755		(2.7)	%	10.0	%
	Consumer	538,747		481,551		464,657		458,595		448,433		11.9	%	20.1	%
	Equipment lease financing	254,897		253,521		236,344		242,967		252,158		0.5	%	1.1	%
	Other(2)	49,214		39,857		32,448		11,330		(14,410)		23.5	%	N/M
	Net loans before PPP	18,848,527		18,311,842		18,024,097		17,678,960		17,472,355		2.9	%	7.9	%
	PPP	72,423		164,277		301,253		590,447		1,114,401		(55.9)	%	(93.5)	%
	Total Net Loans	$	18,920,950	$	18,476,119	$	18,325,350	$	18,269,407	$	18,586,756	2.4	%	1.8	%
Deposits, by type:
	Noninterest-bearing demand	$	7,530,777	$	7,528,391	$	7,370,963	$	7,434,155	$	7,442,132	—	%	1.2	%
	Interest-bearing demand	5,403,805		5,625,286		5,819,539		6,187,096		5,795,404		(3.9)	%	(6.8)	%
	Savings	6,406,051		6,479,196		6,403,995		6,401,619		6,276,554		(1.1)	%	2.1	%
	Total demand and savings	19,340,633		19,632,873		19,594,497		20,022,870		19,514,090		(1.5)	%	(0.9)	%
	Brokered	243,172		248,833		251,526		262,617		277,444		(2.3)	%	(12.4)	%
	Time	1,560,061		1,659,468		1,727,476		1,788,554		1,932,778		(6.0)	%	(19.3)	%
	Total Deposits	$	21,143,866	$	21,541,174	$	21,573,499	$	22,074,041	$	21,724,312	(1.8)	%	(2.7)	%
Short-term borrowings, by type:
	Customer funding	$	436,185	$	452,440	$	416,764	$	468,967	$	533,749	(3.6)	%	(18.3)	%
	Federal funds purchased	20,000		—		—		—		—		N/M		N/M
	Total Short-Term Borrowings	$	456,185	$	452,440	$	416,764	$	468,967	$	533,749	0.8	%	(14.5)	%
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Consists of overdrafts and net origination fees and costs.
	N/M - Not meaningful

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FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
dollars in thousands
		Three Months Ended										% Change from				Six Months Ended
		June 30		Mar 31		Dec 31		Sep 30		Jun 30		Mar 31		June 30		June 30
		2022		2022		2021		2021		2021		2022		2021		2022		2021		% Change
Interest Income:
	Interest income	$	190,299	$	173,001	$	177,724	$	184,079	$	176,673	10.0	%	7.7	%	$	363,300	$	361,609	0.5	%
	Interest expense	11,468		11,691		12,111		12,809		14,274		(1.9)	%	(19.7)	%	23,159		34,762		(33.4)	%
	Net Interest Income	178,831		161,310		165,613		171,270		162,399		10.9	%	10.1	%	340,141		326,847		4.1	%
	Provision for credit losses	1,500		(6,950)		(5,000)		(600)		(3,500)		121.6	%	142.9	%	(5,450)		(9,000)		39.4	%
	Net Interest Income after     Provision	177,331		168,260		170,613		171,870		165,899		5.4	%	6.9	%	345,591		335,847		2.9	%
Non-Interest Income:
	Commercial banking:
	Merchant and card	7,355		6,097		6,588		6,979		6,786		20.6	%	8.4	%	13,452		12,554		7.2	%
	Cash management	6,062		5,428		5,318		5,285		5,341		11.7	%	13.5	%	11,490		10,262		12.0	%
	Capital markets	3,893		1,676		2,982		2,063		1,536		132.3	%	N/M		5,569		4,336		28.4	%
	Other commercial banking	3,049		2,807		3,592		2,411		3,466		8.6	%	(12.0)	%	5,856		6,319		(7.3)	%
	Total commercial banking	20,359		16,008		18,480		16,738		17,129		27.2	%	18.9	%	36,367		33,471		8.7	%
	Consumer banking:
	Card	6,067		5,796		5,953		5,941		5,733		4.7	%	5.8	%	11,863		11,611		2.2	%
	Overdraft	3,881		3,772		3,896		3,474		2,750		2.9	%	41.1	%	7,653		5,474		39.8	%
	Other consumer banking	2,524		2,106		2,280		2,386		2,377		19.8	%	6.2	%	4,630		4,529		2.2	%
	Total consumer banking	12,472		11,674		12,129		11,801		10,860		6.8	%	14.8	%	24,146		21,614		11.7	%
	Wealth management	18,274		19,428		18,285		18,532		17,634		(5.9)	%	3.6	%	37,702		34,981		7.8	%
	Mortgage banking	3,768		4,576		7,243		9,535		2,838		(17.7)	%	32.8	%	8,344		16,798		(50.3)	%
	Other	3,510		3,551		7,739		5,971		3,393		(1.2)	%	3.4	%	7,061		6,912		2.2	%
	Non-interest income before      investment securities gains	58,383		55,237		63,876		62,577		51,854		5.7	%	12.6	%	113,620		113,776		(0.1)	%
	Investment securities gains, net	8		19		5		—		36		(57.9)	%	(77.8)	%	27		33,511		(99.9)	%
	Total Non-Interest Income	58,391		55,256		63,881		62,577		51,890		5.7	%	12.5	%	113,647		147,287		(22.8)	%
Non-Interest Expense:
	Salaries and employee benefits	85,404		84,464		85,506		82,679		78,367		1.1	%	9.0	%	169,868		160,953		5.5	%
	Data processing and software	14,685		14,315		14,612		14,335		13,932		2.6	%	5.4	%	29,000		27,493		5.5	%
	Net occupancy	13,587		14,522		14,366		12,957		12,494		(6.4)	%	8.7	%	28,109		26,476		6.2	%
	Other outside services	8,764		8,167		9,637		7,889		8,178		7.3	%	7.2	%	16,931		16,668		1.6	%
	Equipment	3,422		3,423		3,539		3,416		3,424		—	%	(0.1)	%	6,845		6,852		(0.1)	%
	FDIC insurance	2,961		3,209		3,032		2,727		2,282		(7.7)	%	29.8	%	6,170		4,906		25.8	%
	Professional fees	2,013		1,792		1,946		2,271		2,651		12.3	%	(24.1)	%	3,805		5,430		(29.9)	%
	Marketing	1,326		1,320		1,477		1,448		1,348		0.5	%	(1.6)	%	2,646		2,350		12.6	%
	Intangible amortization	177		176		146		150		178		0.6	%	(0.6)	%	353		293		20.5	%
	Debt extinguishment	—		—		674		—		412		N/M		N/M		—		32,575		(100.0)	%
	Merger-related expenses	1,027		401		—		—		—		N/M		N/M		1,428		—		N/M
	Other	16,364		14,189		19,084		16,724		17,565		15.3	%	(6.8)	%	30,553		35,219		(13.2)	%
	Total Non-Interest Expense	149,730		145,978		154,019		144,596		140,831		2.6	%	6.3	%	295,708		319,215		(7.4)	%
	Income Before Income Taxes	85,992		77,538		80,475		89,851		76,958		10.9	%	11.7	%	163,530		163,919		(0.2)	%
	Income tax expense	16,003		13,250		18,588		14,268		11,994		20.8	%	33.4	%	29,253		25,892		13.0	%
	Net Income	69,989		64,288		61,887		75,583		64,964		8.9	%	7.7	%	134,277		138,027		(2.7)	%
	Preferred stock dividends	(2,562)		(2,562)		(2,562)		(2,562)		(2,562)		—	%	—	%	(5,124)		(5,153)		0.6	%
	Net Income Available to      Common Shareholders	$	67,427	$	61,726	$	59,325	$	73,021	$	62,402	9.2	%	8.1	%	$	129,153	$	132,874	(2.8)	%

8

		Three Months Ended					% Change from				Six Months Ended
		June 30	Mar 31	Dec 31	Sep 30	Jun 30	Mar 31		June 30		June 30
		2022	2022	2021	2021	2021	2022		2021		2022	2021	% Change
PER SHARE:
	Net income available to common shareholders:
	Basic	$0.42	$0.38	$0.37	$0.45	$0.38	10.5	%	10.5	%	$0.80	$0.81	(1.2)	%
	Diluted	$0.42	$0.38	$0.37	$0.45	$0.38	10.5	%	10.5	%	$0.80	$0.81	(1.2)	%
	Cash dividends	$0.15	$0.15	$0.22	$0.14	$0.14	—	%	7.1	%	$0.30	$0.28	7.1	%
	Weighted average shares (basic)	160,920	160,588	161,210	162,506	162,785	0.2	%	(1.1)	%	160,755	162,614	(1.1)	%
	Weighted average shares (diluted)	162,075	161,991	162,355	163,456	163,858	0.1	%	(1.1)	%	162,015	163,738	(1.1)	%

9

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Three months ended
		June 30, 2022						March 31, 2022						June 30, 2021
		Average		Interest		Yield/		Average		Interest		Yield/		Average		Interest		Yield/
		Balance		(1)		Rate		Balance		(1)		Rate		Balance		(1)		Rate
ASSETS
Interest-earning assets:
	Net loans	$	18,637,175	$	165,682	3.56	%	$	18,383,118	$	151,127	3.32	%	$	18,906,556	$	156,525	3.32	%
	Taxable investment securities	3,180,159		16,931		1.68	%	3,073,643		15,213		1.71	%	2,630,090		13,898		1.93	%
	Tax-exempt investment securities	1,218,265		9,130		2.99	%	1,152,709		9,038		3.13	%	961,141		7,494		3.11	%
	Total Investment Securities	4,398,424		26,061		2.37	%	4,226,352		24,251		2.29	%	3,591,231		21,392		2.38	%
	Loans held for sale	13,260		260		7.84	%	28,549		241		3.37	%	31,948		199		2.49	%
	Other interest-earning assets	938,244		1,723		0.74	%	1,258,174		671		0.22	%	1,752,549		1,575		0.16	%
	Total Interest-Earning Assets	23,987,103		193,726		3.24	%	23,896,193		176,290		2.98	%	24,282,284		179,691		2.97	%
Noninterest-Earning assets:
	Cash and due from banks	160,240						162,320						129,927
	Premises and equipment	216,798						219,932						229,047
	Other assets	1,463,332						1,595,039						1,643,410
	Less: ACL - loans(2)	(249,041)						(251,022)						(267,126)
	Total Assets	$	25,578,432					$	25,622,462					$	26,017,542
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
	Demand deposits	$	5,597,975	$	797	0.06	%	$	5,664,987	$	728	0.05	%	$	5,979,855	$	932	0.06	%
	Savings deposits	6,425,634		1,125		0.07	%	6,436,548		1,021		0.06	%	6,280,629		1,363		0.09	%
	Brokered deposits	244,200		619		1.02	%	250,350		216		0.35	%	297,815		253		0.34	%
	Time deposits	1,608,286		3,255		0.81	%	1,697,063		3,640		0.87	%	2,003,606		5,434		1.09	%
	Total Interest-Bearing Deposits	13,876,095		5,796		0.17	%	14,048,948		5,605		0.16	%	14,561,905		7,982		0.22	%
	Short-term borrowings	446,838		190		0.17	%	423,949		121		0.12	%	514,025		137		0.11	%
	Long-term borrowings	556,992		5,482		3.94	%	609,866		5,966		3.91	%	626,795		6,155		3.93	%
	Total Interest-Bearing Liabilities	14,879,925		11,468		0.31	%	15,082,763		11,692		0.31	%	15,702,725		14,274		0.36	%
Noninterest-Bearing liabilities:
	Demand deposits	7,647,618						7,431,235						7,203,696
	Other	519,543						419,630						441,708
	Total Liabilities	23,047,086						22,933,628						23,348,129
	Total Deposits/Cost of Deposits	21,523,713				0.11	%	21,480,183				0.11	%	21,765,601				0.15	%
	Total interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	22,527,543				0.20	%	22,513,998				0.21	%	22,906,421				0.25	%
	Shareholders' equity	2,531,346						2,688,834						2,669,413
	Total Liabilities and Shareholders' Equity	$	25,578,432					$	25,622,462					$	26,017,542
	Net interest income/net interest margin (fully taxable equivalent)			182,258		3.04	%			164,598		2.78	%			165,417		2.73	%
	Tax equivalent adjustment			(3,427)						(3,288)						(3,018)
	Net Interest Income			$	178,831					$	161,310					$	162,399
	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.

10

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Three months ended										% Change from
		June 30		Mar 31		Dec 31		Sep 30		Jun 30		Mar 31		Jun 30
		2022		2022		2021		2021		2021		2022		2021
Loans, by type:
	Real estate - commercial mortgage	$	7,340,417	$	7,294,914	$	7,157,906	$	7,134,177	$	7,177,622	0.6	%	2.3	%
	Commercial and industrial	4,040,587		3,986,900		3,898,559		3,878,767		3,920,771		1.3	%	3.1	%
	Real estate - residential mortgage	4,052,666		3,887,428		3,773,156		3,642,822		3,396,690		4.3	%	19.3	%
	Real estate - home equity	1,118,494		1,106,319		1,122,042		1,128,076		1,139,558		1.1	%	(1.8)	%
	Real estate - construction	1,188,932		1,137,649		1,117,592		1,085,846		1,054,469		4.5	%	12.8	%
	Consumer	485,095		471,129		462,346		452,844		451,486		3.0	%	7.4	%
	Equipment lease financing	253,659		236,388		238,349		247,776		256,248		7.3	%	(1.0)	%
	Other(1)	42,476		36,277		15,558		(6,773)		(14,677)		17.1	%	N/M
	Net loans before PPP	18,522,326		18,157,004		17,785,508		17,563,535		17,382,167		2.0	%	6.6	%
	PPP	114,849		226,114		435,042		850,618		1,524,389		(49.2)	%	(92.5)	%
	Total Net Loans	$	18,637,175	$	18,383,118	$	18,220,550	$	18,414,153	$	18,906,556	1.4	%	(1.4)	%
Deposits, by type:
	Noninterest-bearing demand	$	7,647,618	$	7,431,235	$	7,516,656	$	7,439,644	$	7,203,696	2.9	%	6.2	%
	Interest-bearing demand	5,597,975		5,664,987		5,933,780		6,168,908		5,979,855		(1.2)	%	(6.4)	%
	Savings	6,425,634		6,436,548		6,413,638		6,392,537		6,280,629		(0.2)	%	2.3	%
	Total demand and savings	19,671,227		19,532,770		19,864,074		20,001,089		19,464,180		0.7	%	1.1	%
	Brokered	244,200		250,350		256,192		270,168		297,815		(2.5)	%	(18.0)	%
	Time	1,608,286		1,697,063		1,756,672		1,852,223		2,003,606		(5.2)	%	(19.7)	%
	Total Deposits	$	21,523,713	$	21,480,183	$	21,876,938	$	22,123,480	$	21,765,601	0.2	%	(1.1)	%
Short-term borrowings, by type:
	Customer funding	$	443,970	$	423,949	$	474,022	$	494,811	$	514,025	4.7	%	(13.6)	%
	Federal funds purchased	2,857		—		—		—		—		N/M		N/M
	Short-term FHLB advances and other borrowings	11		—		—		—		—		N/M		N/M
	Total Short-Term borrowings	$	446,838	$	423,949	$	474,022	$	494,811	$	514,025	5.4	%	(13.1)	%
(1) Consists of overdrafts and net origination fees and costs.

11

FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
dollars in thousands
		Six months ended June 30
		2022						2021
		Average		Interest		Yield/		Average		Interest		Yield/
		Balance		(1)		Rate		Balance		(1)		Rate
ASSETS
Interest-earning assets:
	Net loans	$	18,510,845	$	316,809	3.44	%	$	18,943,367	$	321,987	3.42	%
	Taxable investment securities	3,127,199		32,144		1.69	%	2,534,821		27,588		2.00	%
	Tax-exempt investment securities	1,185,668		18,168		3.06	%	936,531		14,651		3.12	%
	Equity securities	—		—		—	%	—		—		—	%
	Total Investment Securities	4,312,867		50,312		2.33	%	3,471,352		42,239		2.43	%
	Loans held for sale	20,862		501		4.80	%	42,647		671		3.14	%
	Other interest-earning assets	1,097,326		2,394		0.44	%	1,825,966		2,711		0.19	%
	Total Interest-Earning Assets	23,941,900		370,016		3.11	%	24,283,332		367,607		3.05	%
Noninterest-Earning assets:
	Cash and due from banks	161,274						125,081
	Premises and equipment	218,357						229,843
	Other assets	1,528,820						1,685,708
	Less: ACL - loans(2)	(250,026)						(273,965)
	Total Assets	$	25,600,325					$	26,049,999
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
	Demand deposits	$	5,631,296	$	1,525	0.06	%	$	5,906,423	$	2,092	0.07	%
	Savings deposits	6,431,060		2,146		0.07	%	6,209,253		2,890		0.09	%
	Brokered deposits	247,258		835		0.68	%	311,016		647		0.42	%
	Time deposits	1,652,430		6,895		0.84	%	2,076,681		11,955		1.16	%
	Total Interest-Bearing Deposits	13,962,044		11,401		0.16	%	14,503,373		17,584		0.24	%
	Short-term borrowings	435,457		311		0.14	%	542,243		325		0.12	%
	Long-term borrowings	583,283		11,447		3.92	%	947,203		16,853		3.56	%
	Total Interest-Bearing Liabilities	14,980,784		23,159		0.31	%	15,992,819		34,762		0.44	%
Noninterest-Bearing liabilities:
	Demand deposits	7,540,025						6,939,731
	Other	469,861						464,104
	Total Liabilities	22,990,670						23,396,654
	Total Deposits/Cost of Deposits	21,502,069				0.11	%	21,443,104				0.17	%
	Total interest-bearing liabilities and non-interest bearing deposits ("Cost of Funds")	22,520,809				0.21	%	22,932,550				0.30	%
	Shareholders' equity	2,609,655						2,653,345
	Total Liabilities and Shareholders' Equity	$	25,600,325					$	26,049,999
	Net interest income/net interest margin (fully taxable equivalent)			346,857		2.91	%			332,845		2.76	%
	Tax equivalent adjustment			(6,716)						(5,998)
	Net Interest Income			$	340,141					$	326,847
	(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
	(2) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.

12

FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND SHORT-TERM BORROWINGS DETAIL (UNAUDITED):
dollars in thousands
		Six months ended June 30
		2022		2021		% Change
Loans, by type:
	Real estate - commercial mortgage	$	7,318,422	$	7,153,444	2.3	%
	Commercial and industrial	4,015,709		3,976,758		1.0	%
	Real estate - residential mortgage	3,970,877		3,290,726		20.7	%
	Real estate - home equity	1,125,257		1,157,289		(2.8)	%
	Real estate - construction	1,164,785		1,054,593		10.4	%
	Consumer	461,159		455,241		1.3	%
	Equipment lease financing	245,071		261,300		(6.2)	%
	Other(1)	39,391		(12,081)		N/M
	Net loans before PPP	18,340,671		17,337,270		5.8	%
	PPP	170,174		1,606,097		(89.4)	%
	Total Net Loans	$	18,510,845	$	18,943,367	(2.3)	%
Deposits, by type:
	Noninterest-bearing demand	$	7,540,025	$	6,939,731	8.7	%
	Interest-bearing demand	5,631,296		5,906,423		(4.7)	%
	Savings	6,431,060		6,209,253		3.6	%
	Total demand and savings	19,602,381		19,055,407		2.9	%
	Brokered	247,258		311,016		(20.5)	%
	Time	1,652,430		2,076,681		(20.4)	%
	Total Deposits	$	21,502,069	$	21,443,104	0.3	%
Short-term borrowings, by type:
	Customer funding	434,015		542,243		(20.0)	%
	Federal funds purchased	1,436		—		N/M
	Short-term FHLB advances and other borrowings	6		—		N/M
	Total Short-Term Borrowings	$	435,457	$	542,243	(19.7)	%
N/M - Not meaningful
(1) Consists of overdrafts and net origination fees and costs.

13

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
dollars in thousands
		Three months ended															Six Month Ended
		June 30			Mar 31			Dec 31			Sep 30			Jun 30			June 30			June 30
		2022			2022			2021			2021			2021			2022			2021
Allowance for credit losses related to net loans:
Balance at beginning of period		$	243,705		$	249,001		$	256,727		$	255,032		$	265,986		$	249,001		$	277,567
	Loans charged off:
	Commercial and industrial	(201)			(227)			(9,417)			(647)			(954)			(428)			(5,273)
	Real estate - commercial mortgage	—			(152)			(369)			(14)			(6,506)			(152)			(8,343)
	Consumer and home equity	(877)			(1,052)			(828)			(504)			(1,130)			(1,929)			(1,977)
	Real estate - residential mortgage	(66)			—			—			(602)			(496)			(66)			(688)
	Real estate - construction	—			—			—			—			—			—			(39)
	Equipment lease financing and other	(474)			(469)			(380)			(467)			(436)			(943)			(1,404)
	Total loans charged off	(1,618)			(1,900)			(10,994)			(2,234)			(9,522)			(3,518)			(17,724)
Recoveries of loans previously charged off:
	Commercial and industrial	739			1,980			5,795			2,330			693			2,719			1,462
	Real estate - commercial mortgage	3,536			112			1,007			564			729			3,648			903
	Consumer and home equity	762			454			767			504			634			1,216			1,074
	Real estate - residential mortgage	92			222			89			86			105			314			200
	Real estate - construction	12			32			77			697			254			44			638
	Equipment lease financing and other	226			154			283			358			153			380			312
	Recoveries of loans previously charged off	5,367			2,954			8,018			4,539			2,568			8,321			4,589
Net loans recovered (charged off)		3,749			1,054			(2,976)			2,305			(6,954)			4,803			(13,135)
Provision for credit losses		1,110			(6,350)			(4,750)			(610)			(4,000)			(5,240)			(9,400)
Balance at end of period		$	248,564		$	243,705		$	249,001		$	256,727		$	255,032		$	248,564		$	255,032
Net (recoveries) charge offs to average loans (annualized)		(0.08)		%	(0.02)		%	0.07		%	(0.05)		%	0.15		%	(0.05)		%	0.14		%
Allowance credit losses related to OBS Credit Exposures(1)
	Balance at beginning of period	$	13,933		$	14,533		$	14,783		$	14,773		$	14,273
	Provision for credit losses	390			(600)			(250)			10			500
	Balance at end of period	$	14,323		$	13,933		$	14,533		$	14,783		$	14,773
NON-PERFORMING ASSETS:
	Non-accrual loans	$	162,530		$	136,799		$	143,666		$	138,833		$	147,864
	Loans 90 days past due and accruing	11,016			24,182			8,453			11,389			5,865
	Total non-performing loans	173,546			160,981			152,119			150,222			153,729
	Other real estate owned	4,786			2,014			1,817			1,896			2,779
	Total non-performing assets	$	178,332		$	162,995		$	153,936		$	152,118		$	156,508
NON-PERFORMING LOANS, BY TYPE:
	Commercial and industrial	$	44,713		$	30,193		$	30,629		$	32,697		$	33,522
	Real estate - commercial mortgage	59,940			64,190			54,044			52,100			53,693
	Real estate - residential mortgage	42,922			39,308			39,399			37,077			38,185
	Consumer and home equity	10,552			11,465			11,505			11,509			11,408
	Real estate - construction	1,357			672			901			965			1,016
	Equipment lease financing and other	14,062			15,153			15,641			15,874			15,905
	Total non-performing loans	$	173,546		$	160,981		$	152,119		$	150,222		$	153,729
(1) The allowance for credit losses related to OBS Credit Exposures is presented in "other liabilities" on the consolidated balance sheets.

14

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, that has been derived by methods other than Generally Accepted Accounting Principles ("GAAP"). The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:
		Three months ended
		June 30			Mar 31			Dec 31			Sep 30			Jun 30
		2022			2022			2021			2021			2021
Common shareholders' equity (tangible), per share
Shareholders' equity		$	2,471,093		$	2,569,535		$	2,712,680		$	2,699,818		$	2,692,958
Less: Preferred stock		(192,878)			(192,878)			(192,878)			(192,878)			(192,878)
Less: Goodwill and intangible assets		(537,700)			(537,877)			(538,053)			(536,697)			(536,847)
Tangible common shareholders' equity (numerator)		$	1,740,515		$	1,838,780		$	1,981,749		$	1,970,243		$	1,963,233
Shares outstanding, end of period (denominator)		161,057			160,669			160,490			161,429			162,988
Common shareholders' equity (tangible), per share		$	10.81		$	11.44		$	12.35		$	12.21		$	12.05
Return on average assets, excluding merger-related expenses
Net income		$	69,989		$	64,288		$	61,887		$	75,583		$	64,964
Plus: Merger-related expenses, net of tax		811			317			—			—			—
Net income (numerator)		$	70,800		$	64,605		$	61,887		$	75,583		$	64,964
Total average assets (denominator)		$	25,578,432		$	25,622,462		$	26,136,536		$	26,440,876		$	26,017,542
Return on average assets, excluding merger-related expenses, annualized		1.11		%	1.02		%	0.94		%	1.13		%	1.00		%
Return on average common shareholders' equity (tangible)
Net income available to common shareholders		$	67,427		$	61,726		$	59,325		$	73,021		$	62,402
Plus: Merger-related expenses, net of tax		811			317			—			—			—
Plus: Intangible amortization, net of tax		140			138			114			118			140
Net income available to common shareholders (numerator)		$	68,378		$	62,181		$	59,439		$	73,139		$	62,542
Average shareholders' equity		$	2,531,346		$	2,688,834		$	2,713,198		$	2,722,833		$	2,669,413
Less: Average preferred stock		(192,878)			(192,878)			(192,878)			(192,878)			(192,878)
Less: Average goodwill and intangible assets		(537,786)			(537,976)			(536,638)			(536,772)			(536,470)
Average tangible common shareholders' equity (denominator)		$	1,800,682		$	1,957,980		$	1,983,682		$	1,993,183		$	1,940,065
Return on average common shareholders' equity (tangible), annualized		15.23%			12.88%			11.89%			14.56%			12.93%
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity		$	2,471,093		$	2,569,535		$	2,712,680		$	2,699,818		$	2,692,958
Less: Preferred stock		(192,878)			(192,878)			(192,878)			(192,878)			(192,878)
Less: Goodwill and intangible assets		(537,700)			(537,877)			(538,053)			(536,697)			(536,847)
Tangible common shareholders' equity (numerator)		$	1,740,515		$	1,838,780		$	1,981,749		$	1,970,243		$	1,963,233
Total assets		$	25,252,686		$	25,598,310		$	25,796,398		$	26,390,832		$	26,079,774
Less: Goodwill and intangible assets		(537,700)			(537,877)			(538,053)			(536,697)			(536,847)
Total tangible assets (denominator)		$	24,714,986		$	25,060,433		$	25,258,345		$	25,854,135		$	25,542,927
Tangible common equity to tangible assets		7.04%			7.34%			7.85%			7.62%			7.69%

15

	Three months ended
	June 30			Mar 31			Dec 31			Sep 30			Jun 30
	2022			2022			2021			2021			2021
Tangible common equity to tangible assets (TCE Ratio) excluding AOCI
Shareholders' equity	$	2,471,093		$	2,569,535		$	2,712,680		$	2,699,818		$	2,692,958
Less: Preferred stock	(192,878)			(192,878)			(192,878)			(192,878)			(192,878)
Less: Accumulated other comprehensive income (loss)	(304,210)			(158,855)			27,411			25,615			47,201
Less: Goodwill and intangible assets	(537,700)			(537,877)			(538,053)			(536,697)			(536,847)
Tangible common shareholders' equity (numerator)	$	2,044,725		$	1,997,635		$	1,954,338		$	1,944,628		$	1,916,032
Total assets	$	25,252,686		$	25,598,310		$	25,796,398		$	26,390,832		$	26,079,774
Less: Goodwill and intangible assets	(537,700)			(537,877)			(538,053)			(536,697)			(536,847)
Plus: AOCI - unrealized losses/(gains) on AFS investments securities	249,424			112,965			(40,444)			(41,787)			(62,772)
Total tangible assets (denominator)	$	24,964,410		$	25,173,398		$	25,217,901		$	25,812,348		$	25,480,155
Tangible common equity to tangible assets, excluding AOCI	8.19%			7.94%			7.75%			7.53%			7.52%
Efficiency ratio
Non-interest expense	$	149,730		$	145,978		$	154,019		$	144,596		$	140,831
Less: Amortization of tax credit investments	(696)			(696)			(1,547)			(1,546)			(1,563)
Less: Merger-related expenses	(1,027)			(401)			—			—			—
Less: Intangible amortization	(177)			(176)			(146)			(150)			(178)
Less: Debt extinguishment costs	—			—			(674)			—			(412)
Non-interest expense (numerator)	$	147,830		$	144,705		$	151,652		$	142,900		$	138,678
Net interest income	$	178,831		$	161,310		$	165,613		$	171,270		$	162,399
Tax equivalent adjustment	3,427			3,288			3,184			3,114			3,018
Plus: Total non-interest income	58,391			55,256			63,881			62,577			51,890
Less: Investment securities gains, net	(8)			(19)			(5)			—			(36)
Total revenue (denominator)	$	240,641		$	219,835		$	232,673		$	236,961		$	217,271
Efficiency ratio	61.4%			65.8%			65.2%			60.3%			63.8%
Non-interest expenses to total average assets (annualized)
Non-interest expense	$	149,730		$	145,978		$	154,019		$	144,596		$	140,831
Less: Amortization of tax credit investments	(696)			(696)			(1,547)			(1,546)			(1,563)
Less: Intangible amortization	(177)			(176)			(146)			(150)			(178)
Less: Merger-related expenses	(1,027)			(401)			—			—			—
Less: Debt extinguishment costs	—			—			(674)			—			(412)
Non-interest expense (numerator)	$	147,830		$	144,705		$	151,652		$	142,900		$	138,678
Total average assets (denominator)	$	25,578,432		$	25,622,462		$	26,136,536		$	26,440,876		$	26,017,542
Non-interest expenses to total average assets, (annualized)	2.32		%	2.29		%	2.30		%	2.14		%	2.14		%
Asset Quality, excluding PPP
Net loans recovered (charged-off) (numerator)	$	3,749		$	1,054		$	(2,976)		$	2,305		$	(6,954)
Average net loans	$	18,637,175		$	18,383,118		$	18,220,550		$	18,414,153		$	18,906,556
Less: Average PPP loans	(114,849)			(226,114)			(435,042)			(850,618)			(1,524,389)
Total adjusted average loans (denominator)	$	18,522,326		$	18,157,004		$	17,785,508		$	17,563,535		$	17,382,167
Net charge-offs (recoveries) to adjusted average loans (annualized)	(0.08)%			(0.02)%			0.07%			(0.05)%			0.16%
Non-performing loans (numerator)	$	173,546		$	160,981		$	152,119		$	150,222		$	153,729
Net loans	$	18,920,950		$	18,476,119		$	18,325,350		$	18,269,407		$	18,586,756
Less: PPP loans	(72,423)			(164,277)			(301,253)			(590,447)			(1,114,401)
Total adjusted loans (denominator)	$	18,848,527		$	18,311,842		$	18,024,097		$	17,678,960		$	17,472,355
Non-performing loans to total adjusted loans	0.92%			0.88%			0.84%			0.85%			0.88%

16

	Three months ended
	June 30		Mar 31		Dec 31		Sep 30		Jun 30
	2022		2022		2021		2021		2021
ACL - loans (numerator)	$	248,564	$	243,705	$	249,001	$	256,727	$	255,032
Net loans	$	18,920,950	$	18,476,119	$	18,325,350	$	18,269,407	$	18,586,756
Less: PPP loans	(72,423)		(164,277)		(301,253)		(590,447)		(1,114,401)
Total adjusted loans (denominator)	$	18,848,527	$	18,311,842	$	18,024,097	$	17,678,960	$	17,472,355
ACL - loans to total adjusted loans	1.32%		1.33%		1.38%		1.45%		1.46%
Pre-provision net revenue
Net interest income	$	178,831	$	161,310	$	165,613	$	171,270	$	162,399
Non-interest income	58,391		55,256		63,881		62,577		51,890
Less: Investment securities gains, net	(8)		(19)		(5)		—		(36)
Total revenue	$	237,214	$	216,547	$	229,489	$	233,847	$	214,253
Non-interest expense	$	149,730	$	145,978	$	154,019	$	144,596	$	140,831
Less: Amortization on tax credit investments	(696)		(696)		(1,547)		(1,546)		(1,563)
Less: Merger-related expenses	(1,027)		(401)		—		—		—
Less: Intangible amortization	(177)		(176)		(146)		(150)		(178)
Less: Debt extinguishment	—		—		(674)		—		(412)
Total non-interest expense	$	147,830	$	144,705	$	151,652	$	142,900	$	138,678
Pre-provision net revenue	$	89,384	$	71,842	$	77,837	$	90,947	$	75,575
Note: numbers may not sum due to rounding.

17