The Corporation has one reportable segment whose primary sources of revenue are interest income on loans, investment securities and other interest-earning assets and fee income earned on its products and services. Its expenses consist of interest expense on deposits and borrowed funds, provision for credit losses, other operating expenses and income taxes. The Corporation manages its business activities on a consolidated basis.

The accounting policies of the segment are the same as those described in “Note 1 – Summary of Significant Accounting Policies.”

The Chief Operating Decision Maker is the Chairman, Chief Executive Officer and President who assesses performance of the segment based on net income available to common shareholders and net income available to common shareholders per share (diluted), which is reported in the Consolidated Statements of Income.

Net income available to common shareholders and net income available to common shareholders per share (diluted), are used to monitor actual results versus budget, in competitive analyses by benchmarking to the Corporation’s peers, and in decision-making pertaining to executive compensation levels, common stock and preferred stock dividend levels, common share repurchases and capital expenditure spending.

The measure of segment assets is reported on the Consolidated Balance Sheet.

The following table presents segment results as of December 31:


(dollars in thousands, except per-share data)
	2025		2024		2023
Interest Income
Loans, including fees	$	1,395,992	$	1,394,969	$	1,156,373
Investment securities	187,152		136,650		101,518
Other interest income	33,730		50,577		15,345
Total Interest Income	1,616,874		1,582,196		1,273,236
Interest Expense
Deposits	514,693		521,859		292,205
Federal funds purchased	13		2,881		30,417
FHLB advances	24,535		37,793		46,965
Senior debt and subordinated debt	18,404		20,255		21,361
Other borrowings and interest-bearing liabilities	22,882		39,083		28,002
Total Interest Expense	580,527		621,871		418,950
Net Interest Income	1,036,347		960,325		854,286
Provision for credit losses	35,698		71,636		54,036
Net Interest Income After Provision for Credit Losses	1,000,649		888,689		800,250
Total Non-Interest Income	276,766		275,731		227,678
Non-Interest Expense
Salaries and employee benefits	443,546		432,821		377,417
Data processing and software	75,091		77,882		66,471
Net occupancy	68,125		69,359		58,019
Other outside services	49,902		60,586		47,724
Intangible amortization	22,462		17,830		2,944
FDIC insurance	20,178		23,829		25,565
Equipment	16,176		17,850		14,390
Marketing	9,288		8,958		9,004
Professional fees	5,493		10,857		8,392
Acquisition-related expenses	1,182		37,635		—
Other	80,386		62,184		69,281
Total Non-Interest Expense	791,829		819,791		679,207
Income Before Income Taxes	485,586		344,629		348,721
Income taxes	93,977		55,886		64,441
Net Income	391,609		288,743		284,280
Preferred stock dividends	(10,248)		(10,248)		(10,248)
Net Income Available to Common Shareholders	$	381,361	$	278,495	$	274,032
Net income available to common shareholders per share (diluted)	$	2.08	$	1.57	$	1.64

Historical Timeline

Fiscal Year	Filed
2025	Feb 27, 2026	Showing above
2024	Feb 28, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

FULTON FINANCIAL CORP Segments Disclosure

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