10-Q 1 fult-20230930.htm 10-Q fult-20230930
000070056412/312023Q2false00007005642023-01-012023-09-300000700564us-gaap:CommonStockMember2023-01-012023-09-300000700564us-gaap:SeriesAPreferredStockMember2023-01-012023-09-3000007005642023-10-30xbrli:shares00007005642023-09-30iso4217:USD00007005642022-12-31iso4217:USDxbrli:shares00007005642023-07-012023-09-3000007005642022-07-012022-09-3000007005642022-01-012022-09-300000700564us-gaap:FinancialServiceOtherMember2023-07-012023-09-300000700564us-gaap:FinancialServiceOtherMember2022-07-012022-09-300000700564us-gaap:FinancialServiceOtherMember2023-01-012023-09-300000700564us-gaap:FinancialServiceOtherMember2022-01-012022-09-300000700564us-gaap:FiduciaryAndTrustMember2023-07-012023-09-300000700564us-gaap:FiduciaryAndTrustMember2022-07-012022-09-300000700564us-gaap:FiduciaryAndTrustMember2023-01-012023-09-300000700564us-gaap:FiduciaryAndTrustMember2022-01-012022-09-300000700564us-gaap:DepositAccountMember2023-07-012023-09-300000700564us-gaap:DepositAccountMember2022-07-012022-09-300000700564us-gaap:DepositAccountMember2023-01-012023-09-300000700564us-gaap:DepositAccountMember2022-01-012022-09-300000700564us-gaap:MortgageBankingMember2023-07-012023-09-300000700564us-gaap:MortgageBankingMember2022-07-012022-09-300000700564us-gaap:MortgageBankingMember2023-01-012023-09-300000700564us-gaap:MortgageBankingMember2022-01-012022-09-300000700564us-gaap:ServiceOtherMember2023-07-012023-09-300000700564us-gaap:ServiceOtherMember2022-07-012022-09-300000700564us-gaap:ServiceOtherMember2023-01-012023-09-300000700564us-gaap:ServiceOtherMember2022-01-012022-09-300000700564us-gaap:PreferredStockMember2023-06-300000700564us-gaap:CommonStockMember2023-06-300000700564us-gaap:AdditionalPaidInCapitalMember2023-06-300000700564us-gaap:RetainedEarningsMember2023-06-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000700564us-gaap:TreasuryStockCommonMember2023-06-3000007005642023-06-300000700564us-gaap:RetainedEarningsMember2023-07-012023-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000700564us-gaap:CommonStockMember2023-07-012023-09-300000700564us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300000700564us-gaap:TreasuryStockCommonMember2023-07-012023-09-300000700564us-gaap:PreferredStockMember2023-09-300000700564us-gaap:CommonStockMember2023-09-300000700564us-gaap:AdditionalPaidInCapitalMember2023-09-300000700564us-gaap:RetainedEarningsMember2023-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000700564us-gaap:TreasuryStockCommonMember2023-09-300000700564us-gaap:PreferredStockMember2022-06-300000700564us-gaap:CommonStockMember2022-06-300000700564us-gaap:AdditionalPaidInCapitalMember2022-06-300000700564us-gaap:RetainedEarningsMember2022-06-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000700564us-gaap:TreasuryStockCommonMember2022-06-3000007005642022-06-300000700564us-gaap:RetainedEarningsMember2022-07-012022-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000700564us-gaap:CommonStockMember2022-07-012022-09-300000700564us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300000700564us-gaap:TreasuryStockCommonMember2022-07-012022-09-300000700564us-gaap:PreferredStockMember2022-09-300000700564us-gaap:CommonStockMember2022-09-300000700564us-gaap:AdditionalPaidInCapitalMember2022-09-300000700564us-gaap:RetainedEarningsMember2022-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300000700564us-gaap:TreasuryStockCommonMember2022-09-3000007005642022-09-300000700564us-gaap:PreferredStockMember2022-12-310000700564us-gaap:CommonStockMember2022-12-310000700564us-gaap:AdditionalPaidInCapitalMember2022-12-310000700564us-gaap:RetainedEarningsMember2022-12-310000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000700564us-gaap:TreasuryStockCommonMember2022-12-310000700564us-gaap:RetainedEarningsMember2023-01-012023-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300000700564us-gaap:CommonStockMember2023-01-012023-09-300000700564us-gaap:AdditionalPaidInCapitalMember2023-01-012023-09-300000700564us-gaap:TreasuryStockCommonMember2023-01-012023-09-300000700564us-gaap:PreferredStockMember2021-12-310000700564us-gaap:CommonStockMember2021-12-310000700564us-gaap:AdditionalPaidInCapitalMember2021-12-310000700564us-gaap:RetainedEarningsMember2021-12-310000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000700564us-gaap:TreasuryStockCommonMember2021-12-3100007005642021-12-310000700564us-gaap:RetainedEarningsMember2022-01-012022-09-300000700564us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000700564us-gaap:CommonStockMember2022-01-012022-09-300000700564us-gaap:AdditionalPaidInCapitalMember2022-01-012022-09-300000700564us-gaap:TreasuryStockCommonMember2022-01-012022-09-300000700564fult:PrudentialMember2022-07-01xbrli:pure0000700564fult:PrudentialMember2022-07-012022-07-010000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:PrudentialMember2022-07-010000700564us-gaap:CommercialPortfolioSegmentMemberfult:PrudentialMember2022-07-010000700564us-gaap:ResidentialPortfolioSegmentMemberfult:PrudentialMember2022-07-010000700564fult:PrudentialMemberus-gaap:HomeEquityMember2022-07-010000700564us-gaap:ConstructionLoansMemberfult:PrudentialMember2022-07-010000700564us-gaap:ConsumerPortfolioSegmentMemberfult:PrudentialMember2022-07-010000700564fult:PrudentialMember2023-01-012023-09-300000700564srt:ProFormaMemberfult:PrudentialMember2023-01-012023-09-300000700564srt:ProFormaMemberfult:PrudentialMember2022-01-012022-09-300000700564us-gaap:USGovernmentDebtSecuritiesMember2023-09-300000700564us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300000700564us-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300000700564us-gaap:CorporateDebtSecuritiesMember2023-09-300000700564us-gaap:CollateralizedMortgageObligationsMember2023-09-300000700564us-gaap:ResidentialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:CommercialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:USGovernmentDebtSecuritiesMember2022-12-310000700564us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000700564us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000700564us-gaap:CorporateDebtSecuritiesMember2022-12-310000700564us-gaap:CollateralizedMortgageObligationsMember2022-12-310000700564us-gaap:ResidentialMortgageBackedSecuritiesMember2022-12-310000700564us-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000700564us-gaap:DebtSecuritiesMember2022-12-3100007005642022-05-010000700564us-gaap:CollateralPledgedMember2023-09-300000700564us-gaap:CollateralPledgedMember2022-12-310000700564us-gaap:MunicipalBondsMember2023-09-300000700564us-gaap:MunicipalBondsMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMember2022-12-310000700564us-gaap:HomeEquityMember2023-09-300000700564us-gaap:HomeEquityMember2022-12-310000700564us-gaap:ConstructionLoansMember2023-09-300000700564us-gaap:ConstructionLoansMember2022-12-310000700564us-gaap:ConsumerPortfolioSegmentMember2023-09-300000700564us-gaap:ConsumerPortfolioSegmentMember2022-12-310000700564fult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PrudentialMember2023-07-012023-09-300000700564fult:PrudentialMember2022-07-012022-09-300000700564fult:PrudentialMember2022-01-012022-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-06-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-06-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-06-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-06-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2023-06-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2023-06-300000700564fult:LoansExcludingOBSCreditExposureMember2023-06-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-07-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-07-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-07-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-07-012023-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2023-07-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2023-07-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMember2023-07-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:LoansExcludingOBSCreditExposureMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-06-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-06-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-06-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-06-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2022-06-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2022-06-300000700564fult:LoansExcludingOBSCreditExposureMember2022-06-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-07-012022-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-07-012022-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-07-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-07-012022-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2022-07-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2022-07-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMember2022-07-012022-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2022-09-300000700564fult:LoansExcludingOBSCreditExposureMember2022-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-12-310000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2022-12-310000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:LoansExcludingOBSCreditExposureMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2023-01-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-01-012023-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2023-01-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2023-01-012023-09-300000700564fult:LoansExcludingOBSCreditExposureMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2021-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2021-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2021-12-310000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2021-12-310000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2021-12-310000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2021-12-310000700564fult:LoansExcludingOBSCreditExposureMember2021-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-01-012022-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-01-012022-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:LoansExcludingOBSCreditExposureMember2022-01-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-01-012022-09-300000700564us-gaap:ConstructionLoansMemberfult:LoansExcludingOBSCreditExposureMember2022-01-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMemberfult:LeasingAndOtherAndOverdraftsMember2022-01-012022-09-300000700564fult:LoansExcludingOBSCreditExposureMember2022-01-012022-09-300000700564srt:MinimumMember2022-12-312022-12-310000700564srt:MinimumMember2023-01-012023-09-3000007005642022-10-012022-12-310000700564srt:MinimumMember2023-09-300000700564fult:CommercialSecuredMember2023-09-300000700564fult:CommercialSecuredMember2022-12-310000700564fult:ConstructionCommercialResidentialMember2023-09-300000700564fult:ConstructionCommercialResidentialMember2022-12-310000700564fult:ConsumerDirectMember2023-09-300000700564fult:ConsumerDirectMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564fult:ConstructionRealEstateMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberfult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberfult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-01-012023-09-300000700564us-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SpecialMentionMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:PortfolioSegmentandLoanClassMember2023-09-300000700564fult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:PPPLoansMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564fult:ConstructionRealEstateMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberfult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberfult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConstructionRealEstateMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564fult:ConstructionRealEstateMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-01-012022-12-310000700564us-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConversiontoTermLoanMemberus-gaap:PassMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SpecialMentionMemberfult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConversiontoTermLoanMemberus-gaap:SubstandardMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:PortfolioSegmentandLoanClassMember2022-12-310000700564fult:ConversiontoTermLoanMemberfult:PortfolioSegmentandLoanClassMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberfult:PPPLoansMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConsumerAndHomeEquityLineOfCreditMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:LeasingAndOtherAndOverdraftsMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:LeasingAndOtherAndOverdraftsMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConstructionOtherMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConstructionOtherMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConstructionOtherMember2023-01-012023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMember2023-09-300000700564fult:PaymentActivityAgingStatusMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMember2023-09-300000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:ResidentialPortfolioSegmentMemberfult:ConversiontoTermLoanMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConsumerAndHomeEquityLineOfCreditMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:LeasingAndOtherAndOverdraftsMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:LeasingAndOtherAndOverdraftsMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConstructionOtherMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConstructionOtherMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberfult:ConstructionOtherMember2022-01-012022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:PerformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMemberus-gaap:NonperformingFinancingReceivableMember2022-12-310000700564fult:PaymentActivityAgingStatusMember2022-12-310000700564fult:PaymentActivityAgingStatusMemberfult:ConversiontoTermLoanMember2022-12-310000700564us-gaap:UsGovernmentInsuredLoanProgramMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:UsGovernmentInsuredLoanProgramMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2023-09-300000700564us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityMember2023-09-300000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564us-gaap:FinancingReceivables60To89DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564us-gaap:FinancialAssetNotPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2023-09-300000700564us-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300000700564us-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300000700564us-gaap:FinancialAssetNotPastDueMember2023-09-300000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:UsGovernmentInsuredLoanProgramMember2023-09-300000700564us-gaap:UsGovernmentInsuredLoanProgramMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:HomeEquityMember2022-12-310000700564us-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:FinancialAssetNotPastDueMemberus-gaap:HomeEquityMember2022-12-310000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564us-gaap:FinancingReceivables60To89DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564us-gaap:FinancialAssetNotPastDueMemberfult:LeasingAndOtherAndOverdraftsMember2022-12-310000700564us-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000700564us-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000700564us-gaap:FinancialAssetNotPastDueMember2022-12-310000700564us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:UsGovernmentInsuredLoanProgramMember2022-12-310000700564us-gaap:UsGovernmentInsuredLoanProgramMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000700564us-gaap:CommercialRealEstatePortfolioSegmentMember2023-07-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMember2023-07-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMember2023-07-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:FinancialAsset30To89DaysPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:FinancialAssetEqualOrGreaterThan90DaysPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialRealEstatePortfolioSegmentMemberfult:FinancialAssetsTotalPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:FinancialAsset30To89DaysPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:FinancialAssetEqualOrGreaterThan90DaysPastDueMember2023-01-012023-09-300000700564us-gaap:CommercialPortfolioSegmentMemberfult:FinancialAssetsTotalPastDueMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:FinancialAsset30To89DaysPastDueMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:FinancialAssetEqualOrGreaterThan90DaysPastDueMember2023-01-012023-09-300000700564us-gaap:ResidentialPortfolioSegmentMemberfult:FinancialAssetsTotalPastDueMember2023-01-012023-09-300000700564us-gaap:FinancialAssetNotPastDueMember2023-01-012023-09-300000700564fult:FinancialAsset30To89DaysPastDueMember2023-01-012023-09-300000700564fult:FinancialAssetEqualOrGreaterThan90DaysPastDueMember2023-01-012023-09-300000700564fult:FinancialAssetsTotalPastDueMember2023-01-012023-09-300000700564us-gaap:ResidentialMortgageMember2023-06-300000700564us-gaap:ResidentialMortgageMember2022-06-300000700564us-gaap:ResidentialMortgageMember2022-12-310000700564us-gaap:ResidentialMortgageMember2021-12-310000700564us-gaap:ResidentialMortgageMember2023-07-012023-09-300000700564us-gaap:ResidentialMortgageMember2022-07-012022-09-300000700564us-gaap:ResidentialMortgageMember2023-01-012023-09-300000700564us-gaap:ResidentialMortgageMember2022-01-012022-09-300000700564us-gaap:ResidentialMortgageMember2023-09-300000700564us-gaap:ResidentialMortgageMember2022-09-300000700564us-gaap:InterestRateContractMember2023-07-012023-09-300000700564us-gaap:InterestRateContractMember2023-09-300000700564us-gaap:CashFlowHedgingMemberfult:InterestRateContractTerminatedMember2023-01-310000700564fult:InterestRateContractTerminatedMember2023-01-312023-01-310000700564fult:InterestRateContractTerminatedMember2023-01-012023-09-300000700564us-gaap:InterestRateLockCommitmentsMember2023-09-300000700564us-gaap:InterestRateLockCommitmentsMember2022-12-310000700564us-gaap:ForwardContractsMember2023-09-300000700564us-gaap:ForwardContractsMember2022-12-310000700564fult:InterestRateSwapWithCustomerMember2023-09-300000700564fult:InterestRateSwapWithCustomerMember2022-12-310000700564fult:InterestRateSwapWithCounterpartyMember2023-09-300000700564fult:InterestRateSwapWithCounterpartyMember2022-12-310000700564fult:InterestRateSwapsUsedInCashFlowHedgesMember2023-09-300000700564fult:InterestRateSwapsUsedInCashFlowHedgesMember2022-12-310000700564fult:ForeignExchangeContractsWithCustomerMember2023-09-300000700564fult:ForeignExchangeContractsWithCustomerMember2022-12-310000700564fult:ForeignExchangeContractsWithCorrespondentBanksMember2023-09-300000700564fult:ForeignExchangeContractsWithCorrespondentBanksMember2022-12-310000700564us-gaap:InterestRateSwapMember2023-07-012023-09-300000700564us-gaap:InterestIncomeMemberus-gaap:InterestRateSwapMember2023-07-012023-09-300000700564us-gaap:InterestRateSwapMember2022-07-012022-09-300000700564us-gaap:InterestIncomeMemberus-gaap:InterestRateSwapMember2022-07-012022-09-300000700564us-gaap:InterestRateSwapMember2023-01-012023-09-300000700564us-gaap:InterestIncomeMemberus-gaap:InterestRateSwapMember2023-01-012023-09-300000700564us-gaap:InterestRateSwapMember2022-01-012022-09-300000700564us-gaap:InterestIncomeMemberus-gaap:InterestRateSwapMember2022-01-012022-09-300000700564fult:MortgageBankingDerivativesMember2023-07-012023-09-300000700564fult:MortgageBankingDerivativesMember2022-07-012022-09-300000700564fult:MortgageBankingDerivativesMember2023-01-012023-09-300000700564fult:MortgageBankingDerivativesMember2022-01-012022-09-300000700564us-gaap:ForeignExchangeContractMember2023-07-012023-09-300000700564us-gaap:ForeignExchangeContractMember2022-07-012022-09-300000700564us-gaap:ForeignExchangeContractMember2023-01-012023-09-300000700564us-gaap:ForeignExchangeContractMember2022-01-012022-09-300000700564fult:CostMemberfult:MortgageLoansHeldForSaleMember2023-09-300000700564fult:CostMemberfult:MortgageLoansHeldForSaleMember2022-12-310000700564fult:MortgageLoansHeldForSaleMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000700564fult:MortgageLoansHeldForSaleMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000700564fult:MortgageLoansHeldForSaleMember2023-07-012023-09-300000700564fult:MortgageLoansHeldForSaleMember2022-07-012022-09-300000700564fult:MortgageLoansHeldForSaleMember2023-01-012023-09-300000700564fult:MortgageLoansHeldForSaleMember2022-01-012022-09-300000700564us-gaap:InterestRateSwapMember2023-09-300000700564us-gaap:ForeignExchangeContractMember2023-09-300000700564us-gaap:InterestRateSwapMember2022-12-310000700564us-gaap:ForeignExchangeContractMember2022-12-310000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-06-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-06-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-07-012023-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-07-012023-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-07-012023-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-07-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-07-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-06-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-06-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-06-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-07-012022-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-07-012022-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-07-012022-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-07-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-07-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-09-300000700564us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-09-300000700564us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-09-300000700564us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-09-300000700564us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMember2022-12-310000700564fult:FinancialInstitutionsSubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564fult:FinancialInstitutionsSubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberfult:OtherCorporateDebtMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberfult:OtherCorporateDebtMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2022-12-310000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMember2023-09-300000700564us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMember2022-12-310000700564us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-09-300000700564us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310000700564us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-09-300000700564us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000700564us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000700564us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000700564us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000700564us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000700564us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000700564us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000700564us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000700564us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000700564us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000700564us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000700564fult:EmployeeEquityPlanMember2023-01-012023-09-300000700564fult:DirectorsPlanMember2023-01-012023-09-300000700564fult:DirectorsPlanMember2023-09-300000700564us-gaap:PensionPlansDefinedBenefitMember2023-07-012023-09-300000700564us-gaap:PensionPlansDefinedBenefitMember2022-07-012022-09-300000700564us-gaap:PensionPlansDefinedBenefitMember2023-01-012023-09-300000700564us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-09-300000700564us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012023-09-300000700564us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-07-012022-09-300000700564us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-01-012023-09-300000700564us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-09-300000700564us-gaap:CommitmentsToExtendCreditMember2023-09-300000700564us-gaap:CommitmentsToExtendCreditMember2022-12-310000700564us-gaap:StandbyLettersOfCreditMember2023-09-300000700564us-gaap:StandbyLettersOfCreditMember2022-12-310000700564fult:CommercialLettersOfCreditMember2023-09-300000700564fult:CommercialLettersOfCreditMember2022-12-310000700564us-gaap:SeniorNotesMemberfult:A360SeniorNotesMember2022-03-162022-03-160000700564us-gaap:SeniorNotesMemberfult:A360SeniorNotesMember2022-03-1600007005642022-09-012022-09-30


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023, or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to              

Commission File No. 001-39680
FULTON FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter) 
Pennsylvania23-2195389
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
One Penn SquareP. O. Box 4887Lancaster,Pennsylvania17604
(Address of principal executive offices)(Zip Code)
(717) 291-2411
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $2.50FULTThe Nasdaq Stock Market, LLC
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
FULTPThe Nasdaq Stock Market, LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject 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 to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required 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 reporting company, 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.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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 common stock, as of the latest practicable date:
Common Stock, $2.50 Par Value164,190,634 shares outstanding as of October 30, 2023.
1



FULTON FINANCIAL CORPORATION
FORM 10-Q FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2023
INDEX

DescriptionPage
Glossary of Terms
PART I. FINANCIAL INFORMATION
(a)
(b)
(c)
(d)
(e)
(f)
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
Item 3. Defaults Upon Senior Securities - (not applicable)
Item 4. Mine Safety Disclosures - (not applicable)
Item 5. Other Information
Note: Some numbers contained in the document may not sum due to rounding
2



GLOSSARY OF DEFINED ACRONYMS AND TERMS
2023 Repurchase ProgramThe authorization to repurchase up to $100 million of the Corporation's common stock commencing January 1, 2023 and expiring December 31, 2023
ACLAllowance for credit losses
AFSAvailable for sale
ALCOAsset/Liability Management Committee
AOCIAccumulated other comprehensive (loss) income
ASCAccounting Standards Codification
ASUAccounting Standards Update
BHCABank Holding Company Act of 1956, as amended
bp or bpsBasis point(s)
Capital RulesRegulatory capital requirements applicable to the Corporation and Fulton Bank
CECL Day 1 ProvisionInitial provision for credit losses required on non-purchased credit deteriorated loans acquired in the Merger
Corporation or CompanyFulton Financial Corporation
COVID-19Coronavirus
Directors' PlanAmended and Restated Directors’ Equity Participation Plan
Dodd-Frank ActDodd-Frank Wall Street Reform and Consumer Protection Act
Employee Equity Plan2022 Amended and Restated Equity and Cash Incentive Compensation Plan
ETREffective tax rate
Exchange ActSecurities Exchange Act of 1934, as amended
FASBFinancial Accounting Standards Board
FDICFederal Deposit Insurance Corporation
Fed Funds RateTarget federal funds rate
Federal Reserve BoardBoard of Governors of the Federal Reserve System
FHLBFederal Home Loan Bank
FOMCFederal Open Market Committee
Foreign Currency Nostro AccountsForeign currency with international correspondent banks
FRBFederal Reserve Bank
FTEFully taxable-equivalent
Fulton Bank or the BankFulton Bank, N.A.
GAAPU.S. generally accepted accounting principles
HTMHeld to maturity
LIBORLondon Interbank Offered Rate
Management's DiscussionManagement’s Discussion and Analysis of Financial Condition and Results of Operations
Merger
The acquisition by the Corporation of Prudential Bancorp that was completed effective as of July 1, 2022
Merger ConsiderationFor each share of Prudential Bancorp common stock, $3.65 in cash and 0.7974 of a share of the Corporation's common stock, with cash paid in lieu of each fractional share of the Corporation's common stock that would otherwise be issued, determined by multiplying such fractional share amount by $18.25
MSRsMortgage servicing rights
Net loansLoan and lease receivables (net of unearned income)
NIMNet interest margin
N/MNot meaningful
OBSOff-balance-sheet
OCIOther comprehensive income
OREOOther real estate owned
3



Pension PlanDefined Benefit Pension Plan
Postretirement PlanPostretirement Benefits Plan
PPPPaycheck Protection Program
Prudential BancorpPrudential Bancorp, Inc.
PSUPerformance-based restricted stock unit
RSURestricted stock unit
SABStaff Accounting Bulletin
SBASmall Business Administration
SECUnited States Securities and Exchange Commission
SOFRSecured Overnight Financing Rate
TDRTroubled debt restructuring
TruPSTrust Preferred Securities

FORWARD-LOOKING STATEMENTS

The Corporation has made, and may continue to make, certain forward-looking statements with respect to its 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. Many factors could affect future financial results including, without limitation:

the impact of adverse conditions in the economy and financial markets, including increasing or elevated interest rates, on the performance of the Corporation's loan portfolio and demand for the Corporation's products and services;
the potential impacts of recent events affecting the financial services industry on the Corporation, including increased competition for, and costs of, deposits and other funding sources, more stringent regulatory requirements relating to liquidity and interest rate risk management and capital adequacy and increased FDIC insurance expenses;
the effects of actions by the federal government, including those of the Federal Reserve Board and other government agencies, that impact the money supply and market interest rates;
the effects of market interest rates, and the relative balances of interest rate-sensitive assets to interest rate-sensitive liabilities, on net interest margin and net interest income;
the effects of changes in interest rates on demand for the Corporation's products and services;
the replacement of LIBOR as a benchmark reference rate;
investment securities gains and losses, including other-than-temporary declines in the value of securities which may result in charges to earnings;
the effects of changes in interest rates or disruptions in liquidity markets on the Corporation's sources of funding;
capital and liquidity strategies, including the Corporation's ability to comply with applicable capital and liquidity requirements, and the Corporation's ability to generate capital internally or raise capital on favorable terms;
the effects of competition on deposit rates and growth, loan rates and growth and NIM;
possible goodwill impairment charges;
the impact of operational risks, including the risk of human error, inadequate or failed internal processes and systems, computer and telecommunications systems failures, faulty or incomplete data and an inadequate risk management framework;
4



the loss of, or failure to safeguard, confidential or proprietary information;
the Corporation's failure to identify and adequately and promptly address cybersecurity risks, including data breaches and cyberattacks;
the impact of failures from third-party vendors upon which the Corporation relies to perform in accordance with contractual arrangements and the effects of concerns about other financial institutions on the Corporation;
the potential to incur losses in connection with repurchase and indemnification payments related to sold loans;
the potential effects of climate change on the Corporation's business and results of operations;
increases in non-performing assets, which may require the Corporation to increase the allowance for credit losses, charge-off loans and incur elevated collection and carrying costs related to such non-performing assets;
the determination of the ACL, which depends significantly upon assumptions and judgments with respect to a variety of factors, including the performance of the loan portfolio, the weighted-average remaining lives of different classifications of loans within the loan portfolio and current and forecasted economic conditions, among other factors;
the effects of the extensive level of regulation and supervision to which the Corporation and Fulton Bank are subject;
changes in regulation and government policy, which could result in significant changes in banking and financial services regulation;
the continuing impact of the Dodd-Frank Act on the Corporation's business and results of operations;
the potential for negative consequences resulting from regulatory violations, investigations and examinations, including potential supervisory actions, the assessment of fines and penalties, the imposition of sanctions, the need to undertake remedial actions and possible damage to the Corporation's reputation;
the effects of adverse outcomes in litigation and governmental or administrative proceedings;
the effects of changes in U.S. federal, state or local tax laws;
the effects of the significant amounts of time and expense associated with regulatory compliance and risk management;
completed and potential acquisitions may affect costs and the Corporation may not be able to successfully integrate the acquired business or realize the anticipated benefits from such acquisitions;
geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism and/or military conflicts, including the war between Russia and Ukraine and escalating conflict in the Middle East, which could impact business and economic conditions in the United States and abroad;
public health crises and pandemics, including COVID-19 and their effects on the economic and business environments in which the Corporation operates, including on the Corporation's credit quality and business operations, as well as the impact on general economic and financial market conditions;
the Corporation's ability to achieve its growth plans;
the Corporation's ability to attract and retain talented personnel;
the effects of competition from financial service companies and other companies offering bank services;
the Corporation's ability to keep pace with technological changes;
the Corporation's reliance on its subsidiaries for substantially all of its revenues and its ability to pay dividends or other distributions;
the effects of negative publicity on the Corporation's reputation; and
other factors that may affect future results of the Corporation.

5




Item 1. Financial Statements
CONSOLIDATED BALANCE SHEETS 
(dollars in thousands, except shares and per-share data)
September 30, 2023December 31,
2022
(unaudited)
ASSETS
Cash and due from banks$304,042 $126,898 
Interest-bearing deposits with other banks116,418 555,023 
        Cash and cash equivalents 420,460 681,921 
FRB and FHLB stock106,363 130,186 
Loans held for sale20,368 7,264 
Investment securities
AFS, at estimated fair value2,418,868 2,646,767 
HTM, at amortized cost1,279,733 1,321,256 
Net loans21,177,508 20,279,547 
Less: ACL - loans(292,739)(269,366)
Loans, net20,884,769 20,010,181 
Net premises and equipment215,626 225,141 
Accrued interest receivable101,624 91,579 
Goodwill and net intangible assets561,284 560,824 
Other assets1,366,082 1,256,583 
Total Assets$27,375,177 $26,931,702 
LIABILITIES
Deposits:
Noninterest-bearing$5,575,374 $7,006,388 
Interest-bearing15,846,215 13,643,150 
Total Deposits21,421,589 20,649,538 
Borrowings:
Federal funds purchased544,000 191,000 
Federal Home Loan Bank advances730,000 1,250,000 
Senior debt and subordinated debt540,174 539,634 
Other borrowings 555,938 890,573 
Total borrowings2,370,112 2,871,207 
Accrued interest payable26,848 10,185 
Other liabilities989,935 821,015 
Total Liabilities$24,808,484 $24,351,945 
SHAREHOLDERS' EQUITY
Preferred stock, no par value, 10,000,000 shares authorized; Series A, 200,000 shares authorized and issued as of September 30, 2023 and December 31, 2022, liquidation preference of $1,000 per share
192,878 192,878 
Common stock, $2.50 par value, 600,000,000 shares authorized, 225,711,690 shares issued as of September 30, 2023 and 224,604,432 shares issued as of December 31, 2022
564,279 561,511 
Additional paid-in capital1,549,279 1,541,840 
Retained earnings1,585,452 1,450,758 
Accumulated other comprehensive loss(472,756)(385,476)
Treasury stock, at cost, 61,627,256 shares as of September 30, 2023 and 57,005,339 shares as of December 31, 2022
(852,439)(781,754)
Total Shareholders' Equity2,566,693 2,579,757 
Total Liabilities and Shareholders' Equity$27,375,177 $26,931,702 
See Notes to Consolidated Financial Statements
6



CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per-share data)Three months ended September 30Nine months ended September 30
 2023202220232022
Interest Income
Loans, including fees$301,659 $205,468 $847,000 $519,375 
Investment securities25,339 25,927 76,221 72,424 
Other interest income3,373 2,296 11,882 5,192 
Total Interest Income330,371 233,691 935,103 596,991 
Interest Expense
Deposits84,156 10,049 195,576 21,451 
Federal funds purchased8,950 550 24,097 540 
Federal Home Loan Bank advances10,324 1,404 37,623 1,404 
Senior debt and subordinated debt5,344 5,494 16,033 16,921 
Other borrowings and interest-bearing liabilities7,755 612 19,493 952 
Total Interest Expense116,529 18,109 292,822 41,268 
Net Interest Income213,842 215,582 642,281 555,723 
Provision for credit losses9,937 18,958 44,228 13,508 
Net Interest Income After Provision for Credit Losses203,905 196,624 598,053 542,215 
Non-Interest Income
Commercial banking19,722 20,808 60,380 57,175 
Wealth management19,413 17,610 56,152 55,312 
Consumer banking12,173 13,275 35,110 37,421 
Mortgage banking3,190 3,720 8,100 12,064 
Other1,463 3,802 8,539 10,863 
Non-Interest Income Before Investment Securities (Losses) Gains55,961 59,215 168,281 172,835 
Investment securities (losses) gains, net (53)19 (26)
Total Non-Interest Income55,961 59,162 168,300 172,809 
Non-Interest Expense
Salaries and employee benefits96,757 94,283 280,142 264,151 
Data processing and software16,914 15,807 49,486 44,807 
Net occupancy14,561 14,025 43,373 42,134 
Other outside services12,094 9,361 33,054 26,292 
FDIC insurance4,738 3,158 14,427 9,328 
Equipment 3,475 3,548 10,395 10,393 
Marketing1,913 1,859 5,454 4,505 
Professional fees1,869 2,373 6,090 6,178 
Intangible amortization601 690 2,347 1,043 
Merger-related expenses 7,006  8,434 
Other18,098 17,448 53,888 48,001 
Total Non-Interest Expense171,020 169,558 498,656 465,266 
Income Before Income Taxes88,846 86,228 267,697 249,758 
Income taxes16,749 15,357 47,680 44,610 
Net Income72,097 70,871 220,017 205,148 
Preferred stock dividends(2,562)(2,562)(7,686)(7,686)
Net Income Available to Common Shareholders$69,535 $68,309 $212,331 $197,462 
PER SHARE:
Net income available to common shareholders (basic)$0.42 $0.41 $1.28 $1.21 
Net income available to common shareholders (diluted)0.42 0.40 1.27 1.20 
Cash dividends0.16 0.15 0.47 0.45 
See Notes to Consolidated Financial Statements
7



CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(dollars in thousands)
 Three months ended September 30Nine months ended September 30
 2023202220232022
 
Net Income$72,097 $70,871 $220,017 $205,148 
Other Comprehensive Income/(Loss), net of tax:
Unrealized gains (losses) on AFS investment securities
Net unrealized holding (losses)(105,050)(120,385)(103,628)(362,596)
Reclassification adjustment for securities net change realized in net income (41)14 (20)
Amortization of net unrealized gains (losses) on AFS securities transferred to HTM1,494 1,653 4,473 (46,024)
         Net unrealized (losses) on AFS investment securities(103,556)(118,773)(99,141)(408,640)
Unrealized gains (losses) on interest rate derivatives used in cash flow hedges
         Net unrealized holding gains (losses)3,651 (22,472)(8,755)(62,434)
Reclassification adjustment for net change realized in net income6,420 2,483 20,573 641 
 Net unrealized gains (losses) on interest rate derivatives used in cash flow hedges10,071 (19,989)11,818 (61,793)
Defined benefit pension plan and postretirement benefits
Amortization of net unrecognized pension and postretirement items15 25 43 75 
Other Comprehensive Loss(93,470)(138,737)(87,280)(470,358)
Total Comprehensive Income (Loss)$(21,373)$(67,866)$132,737 $(265,210)
See Notes to Consolidated Financial Statements

8



CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)
(dollars in thousands, except per-share data)
 Preferred StockCommon StockAdditionalRetained
Earnings
Accumulated Other Comprehensive
Income (Loss)
Treasury
Stock
Total
 Shares OutstandingAmountShares OutstandingAmountPaid-in
Capital
Three months ended September 30, 2023
Balance at June 30, 2023200 $192,878 166,097 $564,137 $1,545,706 $1,542,163 $(379,286)$(823,446)$2,642,152 
Net income72,097 72,097 
Other comprehensive loss(93,470)(93,470)
Common stock issued(1)
50 125 529 7 661 
Dividend reinvestment activity109 (154)1,517 1,363 
Stock-based compensation awards4 17 3,198 (26)3,189 
Acquisition of treasury stock(2,176)(30,491)(30,491)
Preferred stock dividend(2,562)(2,562)
Common stock dividends - $0.16 per share
(26,246)(26,246)
Balance at September 30, 2023200 $192,878 164,084 $564,279 $1,549,279 $1,585,452 $(472,756)$(852,439)$2,566,693 
Three months ended September 30, 2022
Balance at June 30, 2022200 $192,878 161,057 $561,181 $1,527,756 $1,363,344 $(304,210)$(869,856)$2,471,093 
Net income70,871 70,871 
Other comprehensive loss(138,737)(138,737)
Common stock issued(1)
35 88 100  188 
Dividend reinvestment activity96 5 1,528 1,533 
Reissuance of treasury stock pursuant to acquisition6,209 4,547 85,166 89,713 
Stock-based compensation awards1 3 4,176 (10)4,169 
Preferred stock dividend(2,562)(2,562)
Common stock dividends - $0.15 per share
(25,109)(25,109)
Balance at September 30, 2022200 $192,878 167,398 $561,272 $1,536,584 $1,406,544 $(442,947)$(783,172)$2,471,159 
Nine months ended September 30, 2023
Balance at December 31, 2022200 $192,878 167,599 $561,511 $1,541,840 $1,450,758 $(385,476)$(781,754)$2,579,757 
Net income220,017 220,017 
Other comprehensive income(87,280)(87,280)
Common stock issued(1)
185 463 2,001 27 2,491 
Dividend reinvestment activity298 18 4,147 4,165 
Stock-based compensation awards589 2,305 5,420 (3,919)3,806 
Acquisition of treasury stock(4,587)(70,940)(70,940)
Preferred stock dividend(7,686)(7,686)
Common stock dividends - $0.47 per share
(77,637)(77,637)
Balance at September 30, 2023200 $192,878 164,084 $564,279 $1,549,279 $1,585,452 $(472,756)$(852,439)$2,566,693 
Nine months ended September 30, 2022
Balance at December 31, 2021200 $192,878 160,490 $559,766 $1,519,873 $1,282,383 $27,411 $(869,631)$2,712,680 
Net income205,148 205,148 
Other comprehensive loss(470,358)(470,358)
Common stock issued(1)
180 450 433  883 
Dividend reinvestment activity253 5 3,660 3,665 
Reissuance of treasury stock pursuant to acquisition6,209 4,547 85,166 89,713 
Stock-based compensation awards266 1,056 11,726 (2,367)10,415 
Preferred stock dividend(7,686)(7,686)
Common stock dividends - $0.45 per share
(73,301)(73,301)
Balance at September 30, 2022200 $192,878 167,398 $561,272 $1,536,584 $1,406,544 $(442,947)$(783,172)$2,471,159 
See Notes to Consolidated Financial Statements
(1) Issuance of common stock includes issuance in connection with the Corporation’s Employee Stock Purchase Plan and exercised stock options.
9



CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(dollars in thousands)Nine months ended September 30
 20232022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$220,017 $205,148 
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses44,228 13,508 
Depreciation and amortization of premises and equipment22,212 22,627 
Net amortization of investment securities premiums8,650 9,823 
Investment securities (gains) losses, net(19)26 
Gain on sales of mortgage loans held for sale(4,150)(7,974)
Proceeds from sales of mortgage loans held for sale260,494 400,797 
Originations of mortgage loans held for sale(269,448)(371,466)
Intangible amortization2,347 1,043 
Amortization of issuance costs and discounts on long-term borrowings540 551 
Stock-based compensation7,971 10,166 
Net change in deferred federal income tax(10,773)(148,952)
Net change in accrued salaries and benefits(11,232)(5,658)
Net change in life insurance cash surrender value(23,655)(90,234)
Other changes, net173,206 476,961 
Total adjustments200,371 311,218 
Net cash provided by operating activities420,388 516,366 
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of AFS securities 80,666 196,407 
Proceeds from principal repayments and maturities of AFS securities 77,905 546,770 
Proceeds from principal repayments and maturities of HTM securities46,301 90,044 
Purchase of AFS securities(72,252)(822,216)
Purchase of HTM securities  (30,959)
Net change in FRB and FHLB stock 23,823 (24,279)
Net change in loans(919,231)(819,164)
Net purchases of premises and equipment(17,860)(10,023)
Settlement of bank-owned life insurance100 2,853 
Net cash paid for acquisition (21,796)
Net change in tax credit investments(17,945)(33,178)
Net cash used in investing activities(798,493)(925,541)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in demand and savings deposits(811,325)(420,622)
Net change in time deposits and brokered deposits1,583,376 (308,503)
Net change in other borrowings(501,635)183,518 
Repayments of senior debt and subordinated debt (81,496)
Net proceeds from issuance of common stock2,491 4,792 
Dividends paid(85,323)(78,413)
Acquisition of treasury stock(70,940) 
Net cash provided by (used in) financing activities116,644 (700,724)
Net decrease in Cash and Cash Equivalents (261,461)(1,109,899)
Cash and Cash Equivalents at Beginning of Period681,921 1,638,614 
Cash and Cash Equivalents at End of Period$420,460 $528,715 
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest$276,159 $42,529 
Income taxes23,416 22,416 
Supplemental Schedule of Certain Noncash Activities:
Transfer of AFS securities to HTM securities$ $479,008 
See Notes to Consolidated Financial Statements
10



FULTON FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
NOTE 1 – Basis of Presentation

The accompanying unaudited Consolidated Financial Statements of the Corporation have been prepared in conformity with GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities as of the date of the financial statements as well as revenues and expenses during the period. Actual results could differ from those estimates. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and the notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. The Corporation evaluates subsequent events through the date of filing of this Quarterly Report on Form 10-Q with the SEC.

Significant Accounting Policies

The significant accounting policies used in preparation of the Consolidated Financial Statements are disclosed in the Corporation's 2022 Annual Report on Form 10-K. Those significant accounting policies are unchanged at September 30, 2023 except for the following:

Effective January 1, 2023, the Corporation adopted ASU 2022-02 Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02"), which updated the guidance on modifications to financing receivables by effectively replacing the concept of troubled debt restructurings with a new concept, loan modifications to borrowers experiencing financial difficulty. See Note 5 - "Loans and Allowance for Credit Losses" for further detail. Below is a summary of the policy surrounding loan modifications to borrowers experiencing financial difficulty.

A loan modified for a borrower experiencing financial difficulty includes one or more of the following concessions: a reduction of the stated interest rate of the loan, an extension of the term or amortization period of the loan, a more than insignificant payment delay or principal forgiveness of the loan.

Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ACL, a change to the ACL is generally not recorded upon modification. When principal forgiveness is provided, the amortized cost basis of the forgiven portion of the loan is written off against the ACL. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis of the loan and a corresponding adjustment to the ACL.

Recently Adopted Accounting Standards

In March 2022, FASB issued ASU 2022-01 Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method ("ASU 2022-01"). This update addresses questions regarding the last-of-layer method arising from the issuance of ASU 2017-12 and permits more flexibility in hedging interest rate risk for both variable-rate and fixed-rate financial instruments and introduces the ability to hedge risk components for non-financial hedges. The Corporation adopted ASU 2022-01 on January 1, 2023 and it did not have a material impact on its consolidated financial statements.

In March 2022, FASB issued ASU 2022-02 Financial Instruments - Credit Losses (Topic 326) ("ASU 2022-02"). This update reduces the complexity of accounting for TDRs by eliminating certain accounting guidance, enhancing disclosures and improving the consistency of vintage disclosures. The Corporation adopted ASU 2022-02 on January 1, 2023 and it did not have a material impact on its consolidated financial statements.

In September 2022, FASB issued ASU 2022-04 Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations ("ASU 2022-04"). This update enhances transparency in the disclosure of supplier finance programs, which previously had no explicit requirements under GAAP. The Corporation adopted ASU 2022-04 on January 1, 2023 and it did not have a material impact on its consolidated financial statements.

11



In December 2022, FASB issued ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. This update extends the sunset provision date of ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04") to December 31, 2024. The Corporation will adopt ASU 2020-04 on January 1, 2025. The Corporation does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements.

In March 2023, FASB issued ASU 2023-02 Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method ("ASU 2023-02"). This update allows any tax credit program that meets certain criteria to use the proportional amortization method. The Corporation early adopted ASU 2023-02 using the modified retrospective method effective upon issuance, and it did not have a material impact on its consolidated financial statements.

In July 2023, FASB issued ASU 2023-03 Presentation of Financial Statements (Topic 205), Income Statement - Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation - Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC SAB No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and SAB Topic 6.B, Accounting Series Release 280 - General Revision of Regulation S-X: Income or Loss Applicable to Common Stock ("ASU 2023-03"). This update amends certain SEC paragraphs from the Codification in response to (1) the issuance of SEC SAB 120; (2) the SEC staff announcement at the March 24, 2022, EITF meeting; and (3) SAB Topic 6.B, "Accounting Series Release No. 280 - General Revision of Regulation S-X: Income or Loss Applicable to Common Stock." ASU 2023-03 does not provide any new guidance so there is no transition or effective date associated with it.

In August 2023, FASB issued ASU 2023-04 Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC SAB No. 121 ("ASU 2023-04"). This update adjusts language in FASB ASC 405-10 to align with SEC SAB No. 121 relating to accounting for obligations to safeguard crypto-assets an entity holds for its platform users. ASU 2023-24 does not provide any new guidance so there is no transition or effective date associated with it. The Corporation currently does not have obligations to safeguard crypto-assets.

Recently Issued Accounting Standards

In June 2022, FASB issued ASU 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions ("ASU 2022-03"). This update clarifies how the fair value of equity securities subject to contractual sale restrictions is determined and requires additional qualitative and quantitative disclosures for equity securities with contractual sale restrictions. The Corporation will adopt ASU 2022-03 on January 1, 2024. The Corporation does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements.

In March 2023, FASB issued ASU 2023-01 Leases (Topic 842): Common Control Arrangements ("ASU 2023-01"). This update clarifies guidance for leases between related parties under common control. The Corporation will adopt ASU 2023-01 on January 1, 2024. The Corporation does not expect the adoption of ASU 2023-01 to have a material impact on its consolidated financial statements.

Reclassifications

Certain amounts in the 2022 consolidated financial statements and notes have been reclassified to conform to the 2023 presentation.
NOTE 2 – Business Combinations

On July 1, 2022, the Corporation completed its acquisition of Prudential Bancorp, a Pennsylvania chartered bank holding company headquartered in Philadelphia, Pennsylvania that primarily served the Greater Philadelphia region. On that date, the Corporation acquired 100% of the outstanding common stock of Prudential Bancorp, Prudential Bancorp was merged with and into the Corporation, and Prudential Bancorp's wholly owned subsidiary, Prudential Bank, became a wholly owned subsidiary of the Corporation. The Corporation merged Prudential Bank with and into Fulton Bank in the fourth quarter of 2022. Results of the operations of the acquired entity were included in the Corporation's consolidated financial statements beginning on July 1, 2022. As a result of the Merger, the Corporation enhanced its presence in Philadelphia, Pennsylvania, expanded its customer base and leveraged operating costs through economies of scale.

In accordance with the terms of the definitive merger agreement, each share of Prudential Bancorp's common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive the Merger
12



Consideration. In the aggregate, approximately eighty percent (80%) of the Merger Consideration consisted of the Corporation's common stock with the remaining approximately twenty percent (20%) paid in cash. The receipt of the Corporation’s common stock in the Merger qualified as a tax-free exchange for Prudential Bancorp shareholders.

The acquisition of Prudential Bancorp was accounted for as a business combination using the acquisition method of accounting, and accordingly, the assets acquired, the liabilities assumed, and consideration transferred were recorded at their estimated fair values as of the Merger. The $19.1 million excess of the Merger Consideration over the fair value of assets acquired was recorded as goodwill and is not amortizable or deductible for tax purposes.

The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed on July 1, 2022:
Fair Value
(dollars in thousands, except share data)
Consideration transferred:
 Common stock shares issued (6,208,516)
$89,713 
Cash paid to Prudential Bancorp shareholders29,343 
     Value of consideration119,056 
Assets acquired:
     Cash and due from banks7,533 
     Investment securities287,126 
     Loans554,091 
     Premises and equipment8,574 
     Other assets73,303 
          Total assets930,627 
Liabilities assumed:
     Deposits532,170 
Borrowings(1)
284,000 
     Other liabilities14,482 
          Total liabilities830,652 
Net assets acquired:99,975 
Goodwill resulting from the Merger$19,081 
(1) Included a $30.5 million intercompany borrowing between Prudential Bank and Fulton Bank.

The amount of goodwill recorded reflects the increased market share and related synergies that are expected to result from the acquisition and represents the excess purchase price over the estimated fair value of the net assets acquired from Prudential Bancorp.

















13



The following table presents information with respect to the fair value and unpaid principal balance of acquired loans and leases at the date of the Merger:
July 1, 2022
Unpaid Principal BalanceFair Value
(dollars in thousands)
Real estate - commercial mortgage$224,904 $216,593 
Commercial and industrial63,560 61,873 
Real-estate - residential mortgage177,327 169,098 
Real-estate - home equity6,034 5,812 
Real-estate - construction98,963 98,546 
Consumer2,306 2,286 
     Total acquired loans$573,094 $554,208 

The following table presents the carrying amount of loans for which, at the date of Merger, there was evidence of more than insignificant deterioration of credit quality since origination:
July 1, 2022
(dollars in thousands)
Book balance of loans with deteriorated credit quality at acquisition$27,057 
Allowance for credit losses at acquisition(1,135)
Non-credit related discount(130)
     Total purchased credit deteriorated loans$