exhibit.htm

Fulton Financial
Corporation
-------------------------------------
May 2010

Investor Presentation
Data as of March 31, 2010

n This presentation may contain forward-looking statements about Fulton Financial Corporation’s financial
condition, results of operations, business, strategies, products and services. You can identify forward-looking
statements by the use of words such as “may”, “should”, “will”, “could”, “estimates”, “predicts”, “potential”,
“continue”, “anticipates”, “believes”, “plans”, “expects”, “future” and “intends” and similar expressions
which are intended to identify forward-looking statements.

n Such forward-looking statements reflect the current beliefs and expectations of the Corporation’s
management, are based on estimates, assumptions and projections about the Corporation’s business and its
industry, and involve significant risks and uncertainties, some of which are beyond our control and difficult to
predict. These statements are not guarantees of future performance and actual results may differ materially
from those expressed or forecasted in the forward-looking statements. The Corporation undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise. Accordingly, investors and others are cautioned not to place undue reliance on such
forward-looking statements.

n Many factors could affect future financial results including, without limitation, asset quality and the impact of
adverse changes in the economy and in credit or other markets and resulting effects on credit risk and asset
values; acquisition and growth strategies; market risk; changes or adverse developments in economic,
political or regulatory conditions; a continuation or worsening of the current disruption in credit and other
markets, including the lack of or reduced access to, and the abnormal functioning of markets for mortgages
and other asset-backed securities and for commercial paper and other short-term borrowings; changes in the
levels of Federal Deposit Insurance Corporation deposit insurance premiums and assessments; the effect of
competition and interest rates on net interest margin and net interest income; investment strategy and income
growth; investment securities gains and losses; declines in the value of securities which may result in charges
to earnings; changes in rates of deposit and loan growth or a decline in loans originated; balances of risk-
sensitive assets to risk-sensitive liabilities; salaries and employee benefits and other expenses; amortization
of intangible assets; goodwill impairment; capital and liquidity strategies; and other financial and business
matters for future periods.

n For a more complete discussion of certain risks and uncertainties affecting the Corporation, please see the
sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” set forth in the Corporation’s filings with the Securities and Exchange Commission.

Forward-Looking Statement

Presentation Outline

u Corporate Profile

u Franchise and Markets

u Investment Highlights

u Capital

u Loan Portfolio Snapshot

u Earnings/Peer Group

u Financial Performance

u Summary

u Supplemental Credit Information

Fulton Financial Profile (as of 3/31/10)

n Mid-Atlantic regional financial holding company

n A family of 8 community banks in 5 states

n Fulton Financial Advisors

n Fulton Mortgage Company

n 270 community banking offices

n Asset size: $ 16.4 billion

n 3,950 Team Members

n Market capitalization: $ 1.8 billion

n Book value per common share: $ 9.06

n Tangible book value per common share: $ 5.94

n Shares outstanding: 176.5 million

A Valuable Geographic Franchise

Maryland Consolidation

Superior Customer Experience

Care, Listen, Understand, Deliver

Our Brand

COMMUNITY BANKING

SMALL BUSINESS

HIGH NET WORTH

RETAIL BANKING

LISTENING IS JUST THE BEGINNING.

Market Share

n Market share increased

in 36 out of 53 counties
served in our five-state
market

n Market share increased
in 27 out of 31 counties served
in PA, MD, and DE

Investment Highlights

n $230 Million Common Stock Offering / Intend to repay TARP

n Strong capital ratios - Tier 1 risk-based capital ratio of 11.00% pro
forma for common equity offering and TARP repayment

n Expanding net interest margin

n Stabilizing asset quality - provision and net charge-offs declined in
the first quarter

n Asset quality ratios compare favorably to peers

n Expense control

n Strong liquidity

n Diversified loan portfolio with managed decline in construction
exposure

n Recent recognition by Forbes

Details of Common Stock Offering

n Announced April 29, 2010

n 21.8 million shares, at $10.40 per share

n $226.7 million proceeds, net of underwriting
discount and commissions

n Shares outstanding, post-offering: 198.3 million

n Underwriter has option to purchase additional
3.3 million shares by May 29, 2010

Reasons for Stock Offering

n Redeem preferred stock issued to US
Treasury under TARP

n Repurchase of warrant to purchase 5.5
million shares of common stock

n Strengthen capital position in
anticipation of increases in regulatory
capital requirements

n Acquisitions

n Support internal growth initiatives

Paying Back TARP

n Eliminates $18.8 million in annual dividends paid to the U. S.
Treasury

n Additional capital cushion initially obtained as “insurance”
for protracted recession no longer necessary as economy
improves and asset quality stabilizes

n Combined with common equity offering will enhance quality
of capital base

n Positions corporation for future growth opportunities, both
organic and through acquisition

Capital 3/31/10

	Reported	Pro-Forma*
GAAP Capital	$1.97 billion	$1.82 billion
Total Risk-Based Capital	$1.92 billion	$1.77 billion

Total Risk-Based Capital	15.10%	13.90%
Tier 1 Risk-Based Capital	12.20%	11.00%
Leverage Capital	9.80%	8.80%
Tangible Common Equity	6.60%	8.00%
Tangible Common Equity to Risk-Weighted Assets	8.20%	9.90%

*Including effect of stock issuance, excluding underwriter’s option, and payoff of TARP.

Forbes.com

n Fulton Financial named one of the nation’s
“100 Most Trustworthy Companies”

n Selected from over 8,000 publicly held
companies

n Only bank included in

large-cap or mid-cap
company lists

n One of only four banks
on entire list

n 50 relationships with commitments to lend

of $20 million or more

n Maximum individual commitment: $33 million

n Maximum commitment land development:

$25 million

n Maximum commitment any one development
project: $15 million

n Average commercial lending relationship size is
$465,500

n Loans and corresponding relationships are
within Fulton’s geographic market area

Summary of Larger Loans

2009 Earnings Growth/Peer Group

Fulton Financial Corporation

0.31

-0.03

BOK Financial Corporation

2.96

2.27

First Citizens BancShares, Inc.

11.15

8.73

Valley National Bancorp

0.67

International Bancshares Corporation

1.90

1.92

UMB Financial Corporation

2.20

2.38

Commerce Bancshares, Inc.

2.07

2.36

Cullen/Frost Bankers, Inc.

3.00

3.50

Trustmark Corporation

1.26

1.59

United Bankshares, Inc.

1.55

2.00

Bank of Hawaii Corporation

3.00

3.99

BancorpSouth, Inc.

0.99

1.45

FirstMerit Corporation

0.90

1.46

TCF Financial Corporation

0.54

1.01

City National Corporation

0.50

2.11

Old National Bancorp

0.14

0.95

Citizens Republic Bancorp

-2.75

-4.30

South Financial Group, Inc.

-5.22

-7.78

Wilmington Trust Corporation

-0.33

-0.36

Susquehanna Bancshares, Inc.

-0.05

0.95

First Midwest Bancorp, Inc.

-0.71

1.00

Associated Banc-Corp

-1.26

1.29

AVERAGE

Q1 2010 Earnings Growth/Peer Group

Company Name

First Citizens BancShares, Inc.

10.31

0.83

City National Corporation

0.19

0.04

Fulton Financial Corporation

0.13

0.05

Susquehanna Bancshares, Inc.

0.04

0.02

TCF Financial Corporation

0.26

0.17

Old National Bancorp

0.12

0.08

Bank of Hawaii Corporation

1.09

0.75

Commerce Bancshares, Inc.

0.53

0.38

UMB Financial Corporation

0.65

0.55

First Midwest Bancorp, Inc.

0.08

0.07

BOK Financial Corporation

0.88

0.81

Cullen/Frost Bankers, Inc.

0.79

0.76

Trustmark Corporation

0.37

0.41

International Bancshares Corporation

0.42

0.50

Valley National Bancorp

0.17

0.22

FirstMerit Corporation

0.21

0.33

United Bankshares, Inc.

0.40

0.68

BancorpSouth, Inc.

0.10

0.35

South Financial Group, Inc.

-0.40

-1.10

Whitney Holding Corporation

-0.11

-0.22

Citizens Republic Bancorp

-0.23

-0.39

Associated Banc-Corp

-0.20

0.28

Wilmington Trust Corporation

-0.44

0.25

AVERAGE

MEDIAN

DILUTED EPS

Financial Performance

First Quarter 2010 Earnings

Net income:

n Up 18 percent
over previous
quarter

n Up 178
percent over
first quarter
of 2009

2010 Financial Results (Q1 2010 vs. Q4
2009)

Net income

27,480,000

24,390,000

Cost of preferred stock

Net income available

Earnings per share

0.13

0.11

Return on tangible equity

9.13%

7.96%

Income Statement Summary (Q1 2010 vs. Q4 2009)

Net Interest Income

138,510

136,090

2,420

Loan Loss Provision

(40,000)

(45,020)

5,020

-11%

Other Income

39,690

41,160

(1,470)

-4%

Securities Losses

(2,220)

(1,870)

(350)

19%

Pre-Tax Income

36,750

29,990

6,760

23%

2010 Financial Results (First Quarter )

Net income

27,480,000

13,080,000

Cost of preferred stock

Net income (loss) available

Earnings per share

0.13

0.05

Return on tangible equity

9.13%

3.88%

Pre-Tax Income Summary (First Quarter)

Net Interest Income

138,510

124,120

14,390

12%

Other Income

39,690

44,000

(4,310)

-10%

Pre-Tax Income Before

LLP, Sec Gains (Losses)

and unusual items

78,970

67,890

11,080

16%

Loan Loss Provision

(40,000)

(50,000)

10,000

-20%

Securities Gains (Losses)

(2,220)

2,920

(5,140)

-176%

International Bancshares Corporation

Old National Bancorp

South Financial Group, Inc.

Susquehanna Bancshares, Inc.

TCF Financial Corporation

Trustmark Corporation

UMB Financial Corporation

United Bankshares, Inc.

Valley National Bancorp

Whitney Holding Corporation

Wilmington Trust Corporation

*Fulton’s peer group as of March 31, 2010

Associated Banc-Corp

BancorpSouth, Inc.

Bank of Hawaii Corporation

BOK Financial Corporation

Citizens Republic Bancorp

City National Corporation

Commerce Bancshares, Inc.

Cullen/Frost Bankers, Inc.

First Citizens BancShares, Inc.

First Midwest Bancorp, Inc.

First Merit Corporation

Peer Group*

Increasing Net Interest Margin

3.78

3.66

3.39

3.00

3.25

3.50

3.75

4.00

FULT

Peer

Top 50

6 month cumulative gap: 1.10

Well Positioned for Rate Increases

Rate Change NII Change (Annual) % Change

+300 bp + $ 47.3 million + 8.0%

+200 bp + $ 27.8 million + 4.7%

+100 bp + $ 9.4 million + 1.6%

- 100 bp - $ 0.7 million - 0.1%

Average Loans (Q1 2010 vs. Q4 2009)

Q1 2010

Q4 2009

(dollars in millions)

Comm'l Mort

4,310

4,240

Commercial

3,690

3,710

(20)

-1%

Home Equity

1,640

1,650

(10)

-1%

Construction

960

1,020

(60)

-6%

Resid Mort

940

930

Cons./Other

430

440

(10)

-2%

Total Loans

11,970

11,990

(20)

Average Loans (First Quarter)

2010

2009

(dollars in millions)

Comm'l Mort

4,310

4,050

260

Commercial

3,690

3,660

Home Equity

1,640

1,700

(60)

-4%

Construction

960

1,230

(270)

-22%

Resid Mort

940

960

(20)

-2%

Cons./Other

430

440

(10)

-2%

Total Loans

11,970

12,040

(70)

-1%

Average Loan Growth

-0.6

-5.9

-6.5

-9.0

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

Q1 10

FULT

Peer

Top 50

Net Charge-Offs To Average Loans

0.95

1.22

1.69

0.00

0.50

1.00

1.50

2.00

Q1 10

FULT

Peer

Top 50

Non-performing Loans to Loans

2.39

2.46

3.21

0.00

1.00

2.00

3.00

4.00

5.00

Q1 10

FULT

Peer

Top 50

Allowance to Loans

2.25

1.91

2.69

0.80

1.10

1.40

1.70

2.00

2.30

2.60

2.90

Q1 10

FULT

Peer

Top 50

Allowance to Non-performing Loans

94.1

85.8

77.9

50.0

100.0

150.0

200.0

250.0

300.0

Q1 10

FULT

Peer

Top 50

Average Deposits (First Quarter)

2010

2009

(dollars in millions)

Nonint DDA

1,970

1,660

310

19%

Int DDA

1,980

1,750

230

13%

Savings/MMDA

2,850

2,060

790

38%

CD's

5,210

5,440

(230)

-4%

Cash Management

470

580

(110)

-19%

Total Deposits

12,480

11,490

990

Average Deposit Growth

10.1

6.6

6.3

(3.0)

0.0

3.0

6.0

9.0

12.0

15.0

18.0

Q1 10

FULT

Peer

Top 50

Average Core Deposit Growth

24.4

18.1

20.6

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

Q1 10

FULT

Peer

Top 50

Other Borrowings (First Quarter)

2010

2009

(dollars in millions)

Federal Funds

400

790

(390)

-49%

FHLB Advances

1,100

1,400

(300)

-21%

Other LT Debt

380

Other ST Borrowings

140

(140)

-100%

Total Borrowings

1,880

2,710

(830)

-31%

Other Income

$40

$80

$120

$160

$200

Millions

Other Income as a Percent of Total Income

21.8

32.5

33.0

20.0

25.0

30.0

35.0

40.0

Q1 10

FULT

Peer

Top 50

Efficiency Ratio Lower Than Peers

53.8

61.4

62.9

50.0

52.0

54.0

56.0

58.0

60.0

62.0

64.0

1Q 10

FULT

Peer

Top 50

Other Expense (Q1 2010 vs. Q4 2009)

(dollars in thousands)

Salaries & Benefits

52,350

53,620

(1,270)

-2%

Occupancy & Equip.

14,740

13,770

970

FDIC Insurance

4,950

4,840

110

Data Proc. & Software

4,240

3,890

350

Supplies & Postage

2,630

2,740

(110)

-4%

Legal & Audit

2,550

2,400

150

Telecommunications

2,270

2,130

140

Marketing

1,830

2,640

(810)

-31%

Outside Services

1,590

2,110

(520)

-25%

Operating Risk Loss

510

870

(360)

-41%

Other Expense (First Quarter)

(dollars in thousands)

Salaries & Benefits

52,350

55,300

(2,950)

-5%

Occupancy & Equip.

14,740

14,100

640

FDIC Insurance

4,950

4,290

660

15%

Data Proc. & Software

4,240

4,630

(390)

-8%

Supplies & Postage

2,630

2,660

(30)

-1%

Legal & Audit

2,550

2,230

320

14%

Telecommunications

2,270

2,160

110

Marketing

1,830

2,570

(740)

-29%

Outside Services

1,590

1,760

(170)

-10%

Operating Risk Loss

510

6,200

(5,690)

-92%

Overview of First Quarter 2010

n 18.2% increase in EPS linked quarter

n 11 basis point increase in NIM

n Strong funding and liquidity positions

n Stabilization of asset quality

n $5 million reduction in the provision
for loan losses

n Improved coverage ratio

n Reduced construction exposure

n Expenses well controlled

Future Growth Initiatives

n Leverage community banking market
presence and brand

n Core deposit growth / segmentation

n Expand market share

n Grow quality earning assets

n Superior customer experience

n Grow non-interest income

n Branch expansion / select markets

Fulton Financial Corporation

One Penn Square

Lancaster, PA 17602

www.fult.com

Supplemental Credit
Information

Commercial Loans by Industry

Manufacturing

13.0

RE - Rental and Leasing

12.7

Construction

11.0

Agriculture

8.5

Retail

8.5

Wholesale

7.3

Health Care

6.7

Other

6.0

Financial Services

3.0

Arts and Entertainment

3.0

Transportation

Loan Distribution by State (First Quarter)

Average

% of

10 v. 09

Balance

Total

Growth

Pennsylvania

6,617,000

55.3%

147,000

New Jersey

2,479,000

20.7%

(17,000)

-1%

Maryland

1,471,000

12.3%

(121,000)

-8%

Virginia

1,072,000

8.9%

(64,000)

-6%

Delaware

333,000

2.8%

(14,000)

-4%

11,972,000

Declining Provision / Stable Net Charge Offs

Provision

Net Charge-Offs / Average Loans

$50

$45

$40

$20

$40

$60

Q1 2009

Q2 2009

Q3 2009

Q4 2009

Q1 2010

($ in millions)

1.00%

0.97%

0.81%

0.97%

0.95%

0.00%

0.50%

1.00%

1.50%

Q1 2009

Q2 2009

Q3 2009

Q4 2009

Q1 2010

Net Charge-offs (Q1 2010)

Comm'l

Res. Mtg.

(in thousands)

Pennsylvania

640

544

3,000

141

938

5,263

Maryland

291

7,915

149

8,355

New Jersey

1,648

1,492

1,893

307

5,401

Virginia

(5)

153

7,430

1,125

398

9,101

Delaware

Avg Loans

3,687,000

4,306,000

962,000

2,582,000

435,000

11,972,000

NCO %

0.28%

0.21%

8.41%

0.22%

1.76%

0.95%

Loan Delinquency (Key Sectors)

Category	Total (%) 3/31/09	90-Days 3/31/09	Total (%) 3/31/10	90-Days 3/31/10
Commercial Loans	2.26	1.59	2.84	2.13
Consumer Direct	1.27	.54	1.75	.81
Commercial Mortgage	1.88	1.27	2.99	1.62
Residential Mortgage	6.88	3.20	7.65	4.26
Construction	8.78	7.65	10.68	8.49
Total Portfolio	3.00	2.04	3.71	2.38

Non-performing Loans* (March 31, 2010)

Comm'l

Res. Mtg.

(in thousands)

Pennsylvania

36,870

24,962

10,817

10,245

5,289

88,183

Maryland

8,510

1,775

34,054

4,997

2,838

52,174

New Jersey

17,943

37,269

18,126

9,012

4,186

86,536

Virginia

14,351

2,740

16,131

14,346

1,877

49,445

Delaware

End Loans

3,685,000

4,323,000

937,000

2,590,000

430,000

11,965,000

NPL%

2.13%

1.63%

8.49%

1.63%

3.55%

2.39%

* Includes accruing loans > 90 days past due.

Residential Mortgage and HE Loans

Q1 2010

% of

Avg. Bal.

Total

Pennsylvania

1,322,000

51.3%

New Jersey

453,000

17.5%

Maryland

438,000

17.0%

Virginia

218,000

8.4%

Delaware

151,000

5.8%

2,582,000

C&I Loans by State (March 31, 2010)

Ending

% of

NPL

Allowance

Pennsylvania

2,460,000

66.7%

36,870

56,930

New Jersey

566,000

15.4%

17,950

17,730

Maryland

364,000

9.9%

8,510

6,860

Virginia

265,000

7.2%

14,350

5,990

Delaware

Construction Loans (March 31, 2010)

Ending

% of

NPL

Allowance

Pennsylvania

290,000

31.0%

10,820

12,740

Virginia

234,000

25.0%

16,130

30,690

Maryland

227,000

24.2%

34,050

21,260

New Jersey

171,000

18.2%

18,130

7,310

Delaware

Declining Construction Exposure

$937

$1,205

$1,367

$1,269

$978

$250

$500

$750

$1,000

$1,250

$1,500

$1,750

12/31/2007

12/31/2008

12/31/2009

3/31/2009

3/31/2010

(7%)

(23%)

(22%)

($ in millions)

Construction Loans /
Total Loans

12.2%

10.5%

8.2%

10.0%

7.8%

Construction Loans by Type

Ending

% of

Balance

Total

Commercial Residential

629,000

67.1%

Commercial

238,000

25.4%

Real Estate

52,000

5.5%

Other Commercial

18,000

1.9%

937,000

CRE Loans by State (March 31, 2010)

Ending

% of

NPL

Allowance

Balance

Total

Balance

Allocations

Pennsylvania

2,253,000

52.1%

24,960

12,480

New Jersey

1,216,000

28.1%

37,270

13,380

Maryland

387,000

9.0%

1,780

2,890

Virginia

337,000

7.8%

2,740

4,240

Delaware

130,000

3.0%

3,820

3,440

4,323,000

70,570

36,430

Shared National Credits

Ending

Commercial / Industrial

110,980

Commercial Real Estate

Total Outstanding

Delinquency: 6.1%

Troubled Debt Restructurings

Residential Mtg

27,290

16,470

C&I/Comm'l Mtg

19,290

24,640

Construction

Note: Excludes non-accrual TDR's

Investment Portfolio Detail

Investment Portfolio (March 31, 2010)

ENDING

MODIFIED

BALANCE

DURATION

(in millions)

Agency mortgage-backed securities

921.6

2.85

Agency collateralized mortgage obligations

1,093.9

1.88

Municipal bonds

373.7

4.50

Auction rate securities

292.3

3.70

Corporate & trust preferred securities

146.7

10.52

U.S. Treasuries and agencies

71.1

3.47

FHLB & FRB stock

100.0

Bank stocks

31.7

Other investments

25.1

Net unrealized gain / (loss)

47.6

Fulton Financial Corporation

One Penn Square

Lancaster, PA 17602