Exhibit 99.2

FULTON FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (UNAUDITED)

	Quarter Ended
	December 31				Variance
	2005		2004		$			%
	(in thousands, except per-share data)
INCOME SUMMARY:
Interest income	$	172,263	$	130,736	$	41,527			31.8	%
Interest expense		64,354		37,261		27,093			72.7	%
Net Interest Income		107,909		93,475		14,434			15.4	%
Provision for loan losses		780		1,052		(272	)		-25.9	%
Investment securities gains		987		3,199		(2,212	)		-69.1	%
Other income		32,961		31,971		990			3.1	%
Other expenses		82,737		70,537		12,200			17.3	%
Income Before Income Taxes		58,340		57,056		1,284			2.3	%
Income taxes		17,434		17,035		399			2.3	%
Net Income	$	40,906	$	40,021	$	885			2.2	%
Fully taxable equivalent (FTE) net interest income	$	110,435	$	95,599	$	14,836			15.5	%
PER-SHARE DATA:
Net income:
Basic	$	0.26	$	0.27	$	(0.01	)		-3.7	%
Diluted		0.26		0.26		—			—
Cash dividends		0.145		0.132		0.013			9.8	%
ENDING BALANCES:
Total assets	$	12,402,504	$	11,160,148	$	1,242,356			11.1	%
Loans, net of unearned income		8,424,728		7,584,547		840,181			11.1	%
Deposits		8,810,765		7,895,524		915,241			11.6	%
Short-term borrowings		1,298,962		1,194,524		104,438			8.7	%
Long-term debt		860,345		684,236		176,109			25.7	%
Shareholders’ equity		1,279,907		1,244,087		35,820			2.9	%
AVERAGE BALANCES:
Total assets	$	12,290,617	$	10,544,080	$	1,746,537			16.6	%
Loans, net of unearned income		8,379,369		7,304,717		1,074,652			14.7	%
Deposits		8,781,120		7,508,299		1,272,821			17.0	%
Short-term borrowings		1,211,397		1,117,620		93,777			8.4	%
Long-term debt		870,405		668,239		202,166			30.3	%
Shareholders’ equity		1,282,894		1,121,249		161,645			14.4	%

NOTE: All financial information for 2004 has been restated for the impact of adopting Statement of Financial Accounting Standards No. 123R, “Share-Based Payment”. Statement 123R requires the recognition of compensation expense for stock options.

1

FULTON FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (UNAUDITED)

	Year Ended
	December 31				Variance
	2005		2004		$			%
			(in thousands, except per-share data)
INCOME SUMMARY:
Interest income	$	625,797	$	493,643	$	132,154			26.8	%
Interest expense		213,219		135,994		77,225			56.8	%
Net Interest Income		412,578		357,649		54,929			15.4	%
Provision for loan losses		3,120		4,717		(1,597	)		-33.9	%
Investment securities gains		6,625		17,712		(11,087	)		-62.6	%
Other income		137,643		121,152		16,491			13.6	%
Other expenses		316,291		277,515		38,776			14.0	%
Income Before Income Taxes		237,435		214,281		23,154			10.8	%
Income taxes		71,361		64,673		6,688			10.3	%
Net Income	$	166,074	$	149,608	$	16,466			11.0	%
Fully taxable equivalent (FTE) net interest income	$	422,356	$	366,825	$	55,531			15.1	%
PER-SHARE DATA:
Net income:
Basic	$	1.06	$	1.00	$	0.06			6.0	%
Diluted		1.05		0.99		0.06			6.1	%
Cash dividends		0.567		0.518		0.049			9.5	%
AVERAGE BALANCES:
Total assets	$	11,780,096	$	10,344,768	$	1,435,328			13.9	%
Loans, net of unearned income		8,022,782		6,901,452		1,121,330			16.2	%
Deposits		8,367,291		7,285,134		1,082,157			14.9	%
Short-term borrowings		1,186,464		1,238,073		(51,609	)		-4.2	%
Long-term debt		837,305		637,654		199,651			31.3	%
Shareholders’ equity		1,252,620		1,069,904		182,716			17.1	%

2

FULTON FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (UNAUDITED)

	Quarter Ended				Variance
	December 31		September 30
	2005		2005		$			%
			(in thousands, except per-share data)
INCOME SUMMARY:
Interest income	$	172,263	$	164,113	$	8,150			5.0	%
Interest expense		64,354		57,617		6,737			11.7	%
Net Interest Income		107,909		106,496		1,413			1.3	%
Provision for loan losses		780		815		(35	)		-4.3	%
Investment securities gains		987		905		82			9.1	%
Other income		32,961		35,247		(2,286	)		-6.5	%
Other expenses		82,737		81,537		1,200			1.5	%
Income Before Income Taxes		58,340		60,296		(1,956	)		-3.2	%
Income taxes		17,434		18,168		(734	)		-4.0	%
Net Income	$	40,906	$	42,128	$	(1,222	)		-2.9	%
Fully taxable equivalent (FTE) net interest income	$	110,435	$	109,059	$	1,376			1.3	%
PER-SHARE DATA:
Net income:
Basic	$	0.26	$	0.27	$	(0.01	)		-3.7	%
Diluted		0.26		0.27		(0.01	)		-3.7	%
Cash dividends		0.145		0.145		—			—
ENDING BALANCES:
Total assets	$	12,402,504	$	12,305,927	$	96,577			0.8	%
Loans, net of unearned income		8,424,728		8,325,683		99,045			1.2	%
Deposits		8,810,765		8,816,021		(5,256	)		-0.1	%
Short-term borrowings		1,298,962		1,165,293		133,669			11.5	%
Long-term debt		860,345		897,944		(37,599	)		-4.2	%
Shareholders’ equity		1,279,907		1,275,206		4,701			0.4	%
AVERAGE BALANCES:
Total assets	$	12,290,617	$	12,182,655	$	107,962			0.9	%
Loans, net of unearned income		8,379,369		8,234,531		144,838			1.8	%
Deposits		8,781,120		8,703,395		77,725			0.9	%
Short-term borrowings		1,211,397		1,115,122		96,275			8.6	%
Long-term debt		870,405		952,372		(81,967	)		-8.6	%
Shareholders’ equity		1,282,894		1,278,102		4,792			0.4	%

3

FULTON FINANCIAL CORPORATION
CONSOLIDATED ENDING BALANCE SHEET (UNAUDITED)

	December 31						Variance
	2005			2004			$			%
				(in thousands)
ASSETS
Cash and due from banks	$	368,043		$	278,065		$	89,978			32.4	%
Loans held for sale		243,378			158,872			84,506			53.2	%
Other interest-earning assets		31,932			36,688			(4,756	)		-13.0	%
Investment securities		2,562,145			2,449,859			112,286			4.6	%
Loans, net of unearned		8,424,728			7,584,547			840,181			11.1	%
Allowance for loan losses		(92,847	)		(89,627	)		(3,220	)		3.6	%
Net Loans		8,331,881			7,494,920			836,961			11.2	%
Premises and equipment		170,254			146,911			23,343			15.9	%
Accrued interest receivable		53,313			40,633			12,680			31.2	%
Goodwill and intangible assets		448,422			389,322			59,100			15.2	%
Other assets		193,136			164,878			28,258			17.1	%
Total Assets	$	12,402,504		$	11,160,148		$	1,242,356			11.1	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$	8,810,765		$	7,895,524		$	915,241			11.6	%
Short-term borrowings		1,298,962			1,194,524			104,438			8.7	%
Long-term debt		860,345			684,236			176,109			25.7	%
Other liabilities		152,525			141,777			10,748			7.6	%
Total Liabilities		11,122,597			9,916,061			1,206,536			12.2	%
Shareholders’ equity		1,279,907			1,244,087			35,820			2.9	%
Total Liabilities and Shareholders’ Equity	$	12,402,504		$	11,160,148		$	1,242,356			11.1	%
LOANS AND DEPOSITS DETAIL:
Loans, by type:
Commercial — industrial and financial	$	2,044,010		$	1,946,962		$	97,048			5.0	%
Commercial — agricultural		331,659			326,176			5,483			1.7	%
Real estate — commercial mortgage		2,831,405			2,461,016			370,389			15.1	%
Real estate — residential mortgage and home equity		1,774,260			1,651,321			122,939			7.4	%
Real estate — construction		851,451			626,786			224,665			35.8	%
Consumer		519,094			506,290			12,804			2.5	%
Leasing and other		72,849			65,996			6,853			10.4	%
Total Loans, net of unearned income	$	8,424,728		$	7,584,547		$	840,181			11.1	%
Deposits, by type:
Noninterest-bearing demand	$	1,672,637		$	1,507,799		$	164,838			10.9	%
Interest-bearing demand		1,637,007			1,501,476			135,531			9.0	%
Savings deposits		2,125,475			1,917,203			208,272			10.9	%
Time deposits		3,375,646			2,969,046			406,600			13.7	%
Total Deposits	$	8,810,765		$	7,895,524		$	915,241			11.6	%

4

FULTON FINANCIAL CORPORATION
CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	Quarter Ended
	December 31						Variance
	2005			2004			$			%
	(in thousands, except per-share data)
Interest Income:
Loans, including fees	$	143,682		$	108,373		$	35,309			32.6	%
Investment securities:
Taxable		19,685			17,157			2,528			14.7	%
Tax-exempt		3,209			2,073			1,136			54.8	%
Dividends		1,200			1,044			156			14.9	%
Loans held for sale		3,967			2,041			1,926			94.4	%
Other interest income		520			48			472			983.3	%
Total Interest Income		172,263			130,736			41,527			31.8	%
Interest Expense:
Deposits		43,382			24,440			18,942			77.5	%
Short-term borrowings		11,021			4,880			6,141			125.8	%
Long-term debt		9,951			7,941			2,010			25.3	%
Total Interest Expense		64,354			37,261			27,093			72.7	%
Net Interest Income		107,909			93,475			14,434			15.4	%
Provision for Loan Losses		780			1,052			(272	)		-25.9	%
Net Interest Income after Provision		107,129			92,423			14,706			15.9	%
Other Income:
Investment management and trust services		8,954			8,885			69			0.8	%
Service charges on deposit accounts		10,418			9,835			583			5.9	%
Other service charges and fees		5,694			5,131			563			11.0	%
Gain on sale of mortgage loans		5,505			5,803			(298	)		-5.1	%
Investment securities gains		987			3,199			(2,212	)		-69.1	%
Other		2,390			2,317			73			3.2	%
Total Other Income		33,948			35,170			(1,222	)		-3.5	%
Other Expenses:
Salaries and employee benefits		45,595			41,489			4,106			9.9	%
Net occupancy expense		7,769			6,277			1,492			23.8	%
Equipment expense		2,777			2,674			103			3.9	%
Data processing		2,805			2,828			(23	)		-0.8	%
Advertising		2,579			1,870			709			37.9	%
Intangible amortization		1,454			1,146			308			26.9	%
Other		19,758			14,253			5,505			38.6	%
Total Other Expenses		82,737			70,537			12,200			17.3	%
Income Before Income Taxes		58,340			57,056			1,284			2.3	%
Income Taxes		17,434			17,035			399			2.3	%
Net Income	$	40,906		$	40,021		$	885			2.2	%
SHARE AND PER-SHARE INFORMATION:
Net income:
Basic	$	0.26		$	0.27		$	(0.01	)		-3.7	%
Diluted		0.26			0.26			—			0.0	%
Cash dividends	$	0.145		$	0.132		$	0.013			9.8	%
Book value		8.15			7.92			0.23			2.9	%
Tangible book value		5.30			5.44			(0.14	)		-2.6	%
Weighted average shares (basic)		156,978			150,502			6,476			4.3	%
Weighted average shares (diluted)		158,913			152,209			6,704			4.4	%
Shares outstanding, end of period		157,017			157,150			(133	)		-0.1	%
SELECTED FINANCIAL RATIOS:
Return on average assets		1.32	%		1.51	%
Return on average equity		12.65	%		14.20	%
Return on average equity (tangible)		19.89	%		19.71	%
Net interest margin		3.92	%		3.92	%
Efficiency ratio		56.7	%		54.4	%
Average equity to average assets		10.4	%		10.6	%

5

FULTON FINANCIAL CORPORATION
AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)

	Quarter Ended December 31
				2005									2004
	Balance			Interest			Rate (1)			Balance			Interest			Rate (1)
	(dollars in thousands)
ASSETS
Interest-earning assets:
Loans and leases	$	8,379,369		$	144,486			6.84	%	$	7,304,717		$	109,252			5.97	%
Taxable investment securities		2,013,484			19,685			3.90	%		1,909,616			17,157			3.63	%
Tax-exempt investment securities		410,716			4,726			4.60	%		246,531			3,106			5.04	%
Equity securities		138,385			1,405			4.05	%		128,147			1,256			3.91	%
Total Investment Securities		2,562,585			25,816			4.02	%		2,284,294			21,519			3.80	%
Loans held for sale		237,854			3,967			6.67	%		115,348			2,041			6.19	%
Other interest-earning assets		54,070			520			3.81	%		7,680			48			2.46	%
Total Interest-earning Assets		11,233,878			174,789			6.19	%		9,712,039			132,860			5.46	%
Noninterest-earning assets:
Cash and due from banks		349,665									305,044
Premises and equipment		168,239									132,603
Other assets		633,664									481,598
Less: allowance for loan losses		(94,829	)								(87,204	)
Total Assets	$	12,290,617								$	10,544,080
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,623,138		$	4,921			1.20	%	$	1,428,307		$	2,349			0.65	%
Savings deposits		2,157,382			9,152			1.68	%		1,899,260			3,813			0.80	%
Time deposits		3,374,035			29,309			3.45	%		2,734,507			18,278			2.66	%
Total Interest-bearing Deposits		7,154,555			43,382			2.41	%		6,062,074			24,440			1.60	%
Short-term borrowings		1,211,397			11,021			3.57	%		1,117,620			4,880			1.74	%
Long-term debt		870,405			9,951			4.51	%		668,239			7,941			4.73	%
Total Interest-bearing Liabilities		9,236,357			64,354			2.76	%		7,847,933			37,261			1.89	%
Noninterest-bearing liabilities:
Demand deposits		1,626,565									1,446,225
Other		144,801									128,673
Total Liabilities		11,007,723									9,422,831
Shareholders’ equity		1,282,894									1,121,249
Total Liabilities and Shareholders’ Equity	$	12,290,617								$	10,544,080
Net interest income/net interest margin (fully taxable equivalent)					110,435			3.92	%					95,599			3.92	%
Tax equivalent adjustment					(2,526	)								(2,124	)
Net interest income				$	107,909								$	93,475

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate.

AVERAGE LOANS AND DEPOSITS DETAIL:

	Quarter Ended
	December 31				Variance
	2005		2004		$		%
			(in thousands)
Loans, by type:
Commercial — industrial and financial	$	2,066,785	$	1,869,554	$	197,231		10.5	%
Commercial — agricultural		328,771		319,980		8,791		2.7	%
Real estate — commercial mortgage		2,778,906		2,311,265		467,641		20.2	%
Real estate — residential mortgage and home equity		1,764,143		1,612,001		152,142		9.4	%
Real estate — construction		842,987		611,295		231,692		37.9	%
Consumer		523,442		508,858		14,584		2.9	%
Leasing and other		74,335		71,764		2,571		3.6	%
Total Loans, net of unearned income	$	8,379,369	$	7,304,717	$	1,074,652		14.7	%
Deposits, by type:
Noninterest-bearing demand	$	1,626,565	$	1,446,225	$	180,340		12.5	%
Interest-bearing demand		1,623,138		1,428,307		194,831		13.6	%
Savings deposits		2,157,382		1,899,260		258,122		13.6	%
Time deposits		3,374,035		2,734,507		639,528		23.4	%
Total Deposits	$	8,781,120	$	7,508,299	$	1,272,821		17.0	%

6

FULTON FINANCIAL CORPORATION
CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	Year Ended
	December 31						Variance
	2005			2004			$			%
	(in thousands, except per-share data)
Interest Income:
Loans, including fees	$	519,711		$	396,731		$	122,980			31.0	%
Investment securities:
Taxable		75,150			76,792			(1,642	)		-2.1	%
Tax-exempt		12,114			9,553			2,561			26.8	%
Dividends		4,564			4,023			541			13.4	%
Loans held for sale		12,672			6,441			6,231			96.7	%
Other interest income		1,586			103			1,483			1439.8	%
Total Interest Income		625,797			493,643			132,154			26.8	%
Interest Expense:
Deposits		140,774			89,779			50,995			56.8	%
Short-term borrowings		34,414			15,182			19,232			126.7	%
Long-term debt		38,031			31,033			6,998			22.6	%
Total Interest Expense		213,219			135,994			77,225			56.8	%
Net Interest Income		412,578			357,649			54,929			15.4	%
Provision for Loan Losses		3,120			4,717			(1,597	)		-33.9	%
Net Interest Income after Provision		409,458			352,932			56,526			16.0	%
Other Income:
Investment management and trust services		35,669			34,817			852			2.4	%
Service charges on deposit accounts		40,198			39,451			747			1.9	%
Other service charges and fees		24,200			20,494			3,706			18.1	%
Gain on sale of mortgage loans		25,468			19,262			6,206			32.2	%
Investment securities gains		6,625			17,712			(11,087	)		-62.6	%
Other		12,108			7,128			4,980			69.9	%
Total Other Income		144,268			138,864			5,404			3.9	%
Other Expenses:
Salaries and employee benefits		181,889			166,026			15,863			9.6	%
Net occupancy expense		29,275			23,813			5,462			22.9	%
Equipment expense		11,938			10,769			1,169			10.9	%
Data processing		12,395			11,430			965			8.4	%
Advertising		8,823			6,943			1,880			27.1	%
Intangible amortization		5,311			4,726			585			12.4	%
Other		66,660			53,808			12,852			23.9	%
Total Other Expenses		316,291			277,515			38,776			14.0	%
Income Before Income Taxes		237,435			214,281			23,154			10.8	%
Income Taxes		71,361			64,673			6,688			10.3	%
Net Income	$	166,074		$	149,608		$	16,466			11.0	%
SHARE AND PER-SHARE INFORMATION:
Net income:
Basic	$	1.06		$	1.00		$	0.06			6.0	%
Diluted		1.05			0.99			0.06			6.1	%
Cash dividends	$	0.567		$	0.518		$	0.049			9.5	%
Book value		8.15			7.92			0.23			2.9	%
Tangible book value		5.30			5.44			(0.14	)		-2.6	%
Weighted average shares (basic)		156,413			149,294			7,119			4.8	%
Weighted average shares (diluted)		158,343			150,908			7,435			4.9	%
Shares outstanding, end of period		157,017			157,150			(133	)		-0.1	%
SELECTED FINANCIAL RATIOS:
Return on average assets		1.41	%		1.45	%
Return on average equity		13.26	%		13.98	%
Return on average equity (tangible)		20.32	%		18.58	%
Net interest margin		3.93	%		3.83	%
Efficiency ratio		55.5	%		55.9	%
Average equity to average assets		10.6	%		10.3	%

7

FULTON FINANCIAL CORPORATION 
AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)

	Year Ended December 31
	2005									2004
	Balance			Interest			Rate (1)			Balance			Interest			Rate (1)
	(dollars in thousands)
ASSETS
Interest-earning assets:
Loans and leases	$	8,022,782		$	522,863			6.52	%	$	6,901,452		$	400,156			5.81	%
Taxable investment securities		1,994,740			75,150			3.76	%		2,161,195			76,792			3.55	%
Tax-exempt investment securities		368,845			17,971			4.87	%		264,578			14,353			5.43	%
Equity securities		132,564			5,333			4.02	%		133,870			4,974			3.72	%
Total Investment Securities		2,496,149			98,454			3.94	%		2,559,643			96,119			3.74	%
Loans held for sale		200,818			12,672			6.31	%		91,692			6,441			7.02	%
Other interest-earning assets		48,357			1,586			3.27	%		6,067			103			1.70	%
Total Interest-earning Assets		10,768,106			635,575			5.90	%		9,558,854			502,819			5.26	%
Noninterest-earning assets:
Cash and due from banks		346,535									316,170
Premises and equipment		158,526									128,902
Other assets		599,709									425,825
Less: allowance for loan losses		(92,780	)								(84,983	)
Total Assets	$	11,780,096								$	10,344,768
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,547,766		$	15,370			0.99	%	$	1,364,953		$	7,201			0.53	%
Savings deposits		2,055,503			27,116			1.32	%		1,846,503			11,928			0.65	%
Time deposits		3,174,757			98,288			3.10	%		2,693,414			70,650			2.62	%
Total Interest-bearing Deposits		6,778,026			140,774			2.08	%		5,904,870			89,779			1.52	%
Short-term borrowings		1,186,464			34,414			2.87	%		1,238,073			15,182			1.23	%
Long-term debt		837,305			38,031			4.51	%		637,654			31,033			4.87	%
Total Interest-bearing Liabilities		8,801,795			213,219			2.42	%		7,780,597			135,994			1.75	%
Noninterest-bearing liabilities:
Demand deposits		1,589,265									1,380,264
Other		136,416									114,003
Total Liabilities		10,527,476									9,274,864
Shareholders’ equity		1,252,620									1,069,904
Total Liabilities and Shareholders’ Equity	$	11,780,096								$	10,344,768
Net interest income/net interest margin (fully taxable equivalent)					422,356			3.93	%					366,825			3.83	%
Tax equivalent adjustment					(9,778	)								(9,176	)
Net interest income				$	412,578								$	357,649

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate.

AVERAGE LOANS AND DEPOSITS DETAIL:-

	Year Ended
	December 31				Variance
	2005		2004		$			%
	(in thousands)
Loans, by type:
Commercial — industrial and financial	$	2,022,615	$	1,769,801	$	252,814			14.3	%
Commercial — agricultural		324,637		330,269		(5,632	)		-1.7	%
Real estate — commercial mortgage		2,621,730		2,205,025		416,705			18.9	%
Real estate — residential mortgage and home equity		1,713,442		1,498,047		215,395			14.4	%
Real estate — construction		763,687		510,426		253,261			49.6	%
Consumer		509,557		517,138		(7,581	)		-1.5	%
Leasing and other		67,114		70,746		(3,632	)		-5.1	%
Total Loans, net of unearned income	$	8,022,782	$	6,901,452	$	1,121,330			16.2	%
Deposits, by type:
Noninterest-bearing demand	$	1,589,265	$	1,380,264	$	209,001			15.1	%
Interest-bearing demand		1,547,766		1,364,953		182,813			13.4	%
Savings deposits		2,055,503		1,846,503		209,000			11.3	%
Time deposits		3,174,757		2,693,414		481,343			17.9	%
Total Deposits	$	8,367,291	$	7,285,134	$	1,082,157			14.9	%

8

FULTON FINANCIAL CORPORATION
CONSOLIDATED ENDING BALANCE SHEET (UNAUDITED)

	Quarter Ended						Variance
	December 31			September 30
	2005			2005			$			%
				(in thousands)
ASSETS
Cash and due from banks	$	368,043		$	403,032		$	(34,989	)		-8.7	%
Loans held for sale		243,378			233,977			9,401			4.0	%
Other interest-earning assets		31,932			95,472			(63,540	)		-66.6	%
Investment securities		2,562,145			2,489,575			72,570			2.9	%
Loans, net of unearned		8,424,728			8,325,683			99,045			1.2	%
Allowance for loan losses		(92,847	)		(93,936	)		1,089			-1.2	%
Net Loans		8,331,881			8,231,747			100,134			1.2	%
Premises and equipment		170,254			166,991			3,263			2.0	%
Accrued interest receivable		53,313			47,398			5,915			12.5	%
Goodwill and intangible assets		448,422			448,573			(151	)		0.0	%
Other assets		193,136			189,162			3,974			2.1	%
Total Assets	$	12,402,504		$	12,305,927		$	96,577			0.8	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$	8,810,765		$	8,816,021		$	(5,256	)		-0.1	%
Short-term borrowings		1,298,962			1,165,293			133,669			11.5	%
Long-term debt		860,345			897,944			(37,599	)		-4.2	%
Other liabilities		152,525			151,463			1,062			0.7	%
Total Liabilities		11,122,597			11,030,721			91,876			0.8	%
Shareholders’ equity		1,279,907			1,275,206			4,701			0.4	%
Total Liabilities and Shareholders’ Equity	$	12,402,504		$	12,305,927		$	96,577			0.8	%
LOANS AND DEPOSITS DETAIL:
Loans, by type:
Commercial — industrial and financial	$	2,044,010		$	2,049,330		$	(5,320	)		-0.3	%
Commercial — agricultural		331,659			327,249			4,410			1.3	%
Real estate — commercial mortgage		2,831,405			2,734,432			96,973			3.5	%
Real estate — residential mortgage and home equity		1,774,260			1,776,829			(2,569	)		-0.1	%
Real estate — construction		851,451			843,670			7,781			0.9	%
Consumer		519,094			529,409			(10,315	)		-1.9	%
Leasing and other		72,849			64,764			8,085			12.5	%
Total Loans, net of unearned income	$	8,424,728		$	8,325,683		$	99,045			1.2	%
Deposits, by type:
Noninterest-bearing demand	$	1,672,637		$	1,678,923		$	(6,286	)		-0.4	%
Interest-bearing demand		1,637,007			1,624,208			12,799			0.8	%
Savings deposits		2,125,475			2,152,771			(27,296	)		-1.3	%
Time deposits		3,375,646			3,360,119			15,527			0.5	%
Total Deposits	$	8,810,765		$	8,816,021		$	(5,256	)		-0.1	%

9

FULTON FINANCIAL CORPORATION
CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	Quarter Ended						Variance
	December 31			September 30
	2005			2005			$			%
				(in thousands)
Interest Income:
Loans, including fees	$	143,682		$	136,092		$	7,590			5.6	%
Investment securities:
Taxable		19,685			18,947			738			3.9	%
Tax-exempt		3,209			3,213			(4	)		-0.1	%
Dividends		1,200			1,125			75			6.7	%
Loans held for sale		3,967			4,194			(227	)		-5.4	%
Other interest income		520			542			(22	)		-4.1	%
Total Interest Income		172,263			164,113			8,150			5.0	%
Interest Expense:
Deposits		43,382			38,480			4,902			12.7	%
Short-term borrowings		11,021			8,655			2,366			27.3	%
Long-term debt		9,951			10,482			(531	)		-5.1	%
Total Interest Expense		64,354			57,617			6,737			11.7	%
Net Interest Income		107,909			106,496			1,413			1.3	%
Provision for Loan Losses		780			815			(35	)		-4.3	%
Net Interest Income after Provision		107,129			105,681			1,448			1.4	%
Other Income:
Investment management and trust services		8,954			8,730			224			2.6	%
Service charges on deposit accounts		10,418			10,488			(70	)		-0.7	%
Other service charges and fees		5,694			5,808			(114	)		-2.0	%
Gain on sale of mortgage loans		5,505			7,624			(2,119	)		-27.8	%
Investment securities gains		987			905			82			9.1	%
Other		2,390			2,597			(207	)		-8.0	%
Total Other Income		33,948			36,152			(2,204	)		-6.1	%
Other Expenses:
Salaries and employee benefits		45,595			46,761			(1,166	)		-2.5	%
Net occupancy expense		7,769			7,459			310			4.2	%
Equipment expense		2,777			3,203			(426	)		-13.3	%
Data processing		2,805			3,100			(295	)		-9.5	%
Advertising		2,579			1,995			584			29.3	%
Intangible amortization		1,454			1,510			(56	)		-3.7	%
Other		19,758			17,509			2,249			12.8	%
Total Other Expenses		82,737			81,537			1,200			1.5	%
Income Before Income Taxes		58,340			60,296			(1,956	)		-3.2	%
Income Taxes		17,434			18,168			(734	)		-4.0	%
Net Income	$	40,906		$	42,128		$	(1,222	)		-2.9	%
SHARE AND PER-SHARE INFORMATION:
Net income:
Basic	$	0.26		$	0.27		$	(0.01	)		-3.7	%
Diluted		0.26			0.27			(0.01	)		-3.7	%
Cash dividends	$	0.145		$	0.145		$	—			—
Book value		8.15			8.12			0.03			0.4	%
Tangible book value		5.30			5.27			0.03			0.6	%
Weighted average shares (basic)		156,978			156,815			163			0.1	%
Weighted average shares (diluted)		158,913			158,677			236			0.1	%
Shares outstanding, end of period		157,017			156,953			64			0.0	%
SELECTED FINANCIAL RATIOS:
Return on average assets		1.32	%		1.37	%
Return on average equity		12.65	%		13.08	%
Return on average equity (tangible)		19.89	%		20.62	%
Net interest margin		3.92	%		3.92	%
Efficiency ratio		56.7	%		55.5	%
Average equity to average assets		10.4	%		10.5	%

10

FULTON FINANCIAL CORPORATION
AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)

	Quarter Ended
	December 31, 2005									September 30, 2005
	Balance			Interest			Rate (1)			Balance			Interest			Rate (1)
	(dollars in thousands)
ASSETS
Interest-earning assets:
Loans and leases	$	8,379,369		$	144,486			6.84	%	$	8,234,531		$	136,915			6.60	%
Taxable investment securities		2,013,484			19,685			3.90	%		2,015,378			18,947			3.74	%
Tax-exempt investment securities		410,716			4,726			4.60	%		387,233			4,761			4.92	%
Equity securities		138,385			1,405			4.05	%		137,873			1,317			3.80	%
Total Investment Securities		2,562,585			25,816			4.02	%		2,540,484			25,025			3.92	%
Loans held for sale		237,854			3,967			6.67	%		266,588			4,194			6.29	%
Other interest-earning assets		54,070			520			3.81	%		62,406			542			3.43	%
Total Interest-earning Assets		11,233,878			174,789			6.19	%		11,104,009			166,676			5.97	%
Noninterest-earning assets:
Cash and due from banks		349,665									370,531
Premises and equipment		168,239									164,447
Other assets		633,664									638,195
Less: allowance for loan losses		(94,829	)								(94,527	)
Total Assets	$	12,290,617								$	12,182,655
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	1,623,138		$	4,921			1.20	%	$	1,586,338		$	4,169			1.04	%
Savings deposits		2,157,382			9,152			1.68	%		2,162,030			7,640			1.40	%
Time deposits		3,374,035			29,309			3.45	%		3,303,240			26,671			3.20	%
Total Interest-bearing Deposits		7,154,555			43,382			2.41	%		7,051,608			38,480			2.16	%
Short-term borrowings		1,211,397			11,021			3.57	%		1,115,122			8,655			3.05	%
Long-term debt		870,405			9,951			4.51	%		952,372			10,482			4.33	%
Total Interest-bearing Liabilities		9,236,357			64,354			2.76	%		9,119,102			57,617			2.50	%
Noninterest-bearing liabilities:
Demand deposits		1,626,565									1,651,787
Other		144,801									133,664
Total Liabilities		11,007,723									10,904,553
Shareholders’ equity		1,282,894									1,278,102
Total Liabilities and Shareholders’ Equity	$	12,290,617								$	12,182,655
Net interest income/net interest margin (fully taxable equivalent)					110,435			3.92	%					109,059			3.92	%
Tax equivalent adjustment					(2,526	)								(2,563	)
Net interest income				$	107,909								$	106,496

(1) Presented on a tax-equivalent basis using a 35% Federal tax rate.

AVERAGE LOANS AND DEPOSITS DETAIL:

	Quarter Ended				Variance
	December 31		September 30
	2005		2005		$			%
	(in thousands)
Loans, by type:
Commercial — industrial and financial	$	2,066,785	$	2,046,919	$	19,866			1.0	%
Commercial — agricultural		328,771		323,216		5,555			1.7	%
Real estate — commercial mortgage		2,778,906		2,725,748		53,158			2.0	%
Real estate — residential mortgage and home equity		1,764,143		1,755,055		9,088			0.5	%
Real estate — construction		842,987		803,659		39,328			4.9	%
Consumer		523,442		512,016		11,426			2.2	%
Leasing and other		74,335		67,918		6,417			9.4	%
Total Loans, net of unearned income	$	8,379,369	$	8,234,531	$	144,838			1.8	%
Deposits, by type:
Noninterest-bearing demand	$	1,626,565	$	1,651,787	$	(25,222	)		-1.5	%
Interest-bearing demand		1,623,138		1,586,338		36,800			2.3	%
Savings deposits		2,157,382		2,162,030		(4,648	)		-0.2	%
Time deposits		3,374,035		3,303,240		70,795			2.1	%
Total Deposits	$	8,781,120	$	8,703,395	$	77,725			0.9	%

11

FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)

	Quarter Ended						Year Ended
	December 31						December 31
	2005			2004			2005			2004
	(dollars in thousands)
ALLOWANCE FOR LOAN LOSSES:
Balance at beginning of period	$	93,936		$	86,827		$	89,627		$	77,700
Loans charged off		(3,100	)		(2,588	)		(8,204	)		(8,877	)
Recoveries of loans previously charged off		1,231			881			5,196			4,520
Net loans charged-off		(1,869	)		(1,707	)		(3,008	)		(4,357	)
Provision for loan losses		780			1,052			3,120			4,717
Allowance purchased		—			3,455			3,108			11,567
Balance at end of period	$	92,847		$	89,627		$	92,847		$	89,627
Net charge-offs to average loans (annualized)		0.09	%		0.09	%		0.04	%		0.06	%
NON-PERFORMING ASSETS:
Nonaccrual loans	$	36,560		$	22,574
Accruing loans 90+ days overdue		9,012			8,318
Other real estate owned		2,072			2,209
Total non-performing assets	$	47,644		$	33,101
ASSET QUALITY RATIOS:
Nonaccrual loans to total loans		0.43	%		0.30	%
Nonperforming assets to total loans and OREO		0.57	%		0.44	%
Nonperforming assets to total assets		0.38	%		0.30	%
Allowance for loan losses to loans outstanding		1.10	%		1.18	%
Allowance/nonperforming loans		204	%		290	%

	Quarter Ended
	December 31			September 30
	2005			2005
	(dollars in thousands)
ALLOWANCE FOR LOAN LOSSES:
Balance at beginning of period	$	93,936		$	90,402
Loans charged off		(3,100	)		(1,625	)
Recoveries of loans previously charged off		1,231			1,236
Net loans charged-off		(1,869	)		(389	)
Provision for loan losses		780			815
Allowance purchased		—			3,108
Balance at end of period	$	92,847		$	93,936
Net charge-offs to average loans (annualized)		0.09	%		0.02	%
NON-PERFORMING ASSETS:
Nonaccrual loans	$	36,560		$	30,669
Accruing loans 90+ days overdue		9,012			13,350
Other real estate owned		2,072			4,042
Total non-performing assets	$	47,644		$	48,061
ASSET QUALITY RATIOS:
Nonaccrual loans to total loans		0.43	%		0.37	%
Nonperforming assets to total loans and OREO		0.57	%		0.58	%
Nonperforming assets to total assets		0.38	%		0.39	%
Allowance for loan losses to loans outstanding		1.10	%		1.13	%
Allowance/nonperforming loans		204	%		213	%

12