富尔顿金融 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2025, orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File No.001-39680 FULTON FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) 23-2195389(I.R.S. EmployerIdentification No.)17604(Zip Code) Pennsylvania(State or other jurisdiction ofincorporation or organization) One Penn SquareP. O. Box 4887Lancaster,Pennsylvania(Address of principal executive offices) (717)291-2411(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has beensubject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company"and "emerging growth company" in Rule 12b-2 of the Exchange Act. Acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for Large accelerated filer☒Non-accelerated filer☐ complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer’s classes of commonstock, as of the latest practicable date: Common Stock, $2.50 Par Value–181,794,505shares outstanding as of April 30, 2025. FULTON FINANCIAL CORPORATIONFORM 10-Q FOR THE THREE MONTHS ENDED MARCH31, 2025 INDEX Glossary of TermsPART I. FINANCIAL INFORMATION Item 1. Financial Statements: (a)Consolidated Balance Sheets -March31, 2025and December 31, 20246(b)Consolidated Statements of Income - Three monthsendedMarch 31, 2025and 20247(c)Consolidated Statements of Comprehensive Income - Three monthsendedMarch 31, 2025and 20248(d)Consolidated Statements of Shareholders’ Equity - Three monthsendedMarch 31, 2025and 20249(e)Consolidated Statements of Cash Flows -Threemonths endedMarch 31, 2025and 202410(f)Notes to Consolidated Financial Statements11Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations33Item 3. Quantitative and Qualitative DisclosuresAbout Market Risk52Item 4. Controls and Procedures55PART II. OTHER INFORMATIONItem 1. Legal Proceedings55Item 1A. Risk Factors56Item 2. Unregistered Sales of Equity Securities and Use of Proceeds56Item 3. Defaults Upon Senior Securities - (not applicable)Item 4. Mine Safety Disclosures - (not applicable)Item 5. Other Information65Item 6. Exhibits57Signatures58 Note: Some numbers contained in the document may not sum due to rounding GLOSSARY OF DEFINED ACRONYMSAND TERMS stock; under thisauthorization, up to $25million of the $125 millionauthorization may be used torepurchase the Corporation'spreferred stock andoutstanding SubordinatedNotes due 2030ACLAllowance for credit lossesAcquisitionDateApril 26, 2024, the date of theRepublic First TransactionAFSAvailable for saleALCOAsset/LiabilityManagementCommitteeAOCIAccumulated othercomprehensive (loss) incomeASCAccounting StandardsCodificationASUAccounting Standards UpdateBHCABank Holding Company Actof 1956, as amendedbp or bpsBasis point(s)CapitalRulesRegulatory capitalrequirements applicable to theCorporation and Fulton BankCDICore deposit intangibleCorporation, Company,we, our orusFulton Financial CorporationDirectors'PlanAmended and Restated 2023Director Equity PlanDodd-FrankActDodd-FrankWallStreetReformandConsumerProtection ActEmployeeEquity Plan2022 Amended and RestatedEquityand Cash IncentiveCompensation PlanESPPEmployeeStockPurchasePlanETREffective tax rateExchangeActSecuritiesExchange Act of1934, as amendedFASBFinancial AccountingStandards BoardFDICFederalDeposit InsuranceCorporationFederalReserveBoardBoardof Governors of theFederal Reserve SystemFHLBFederal Home Loan BankFRBFederal Reserve BankFTEFully taxable-equivalentFulton Bankor the BankFulton Bank, N.A.GAA