FULT Fulton Financial Corp.

Risks

• Difficult conditions in the economy and the capital markets may materially adversely affect the Corporation's business and results of operations.
• The Corporation is subject to certain risks in connection with the establishment and level of its allowance for credit losses.
• The composition of the Corporation's loan portfolio and competition subject the Corporation to credit risk.
• The Corporation is subject to interest rate risk.
• The planned phasing out of LIBOR as a financial benchmark presents risks to the financial instruments originated or held by the Corporation.
• Changes in interest rates can affect demand for the Corporation's products and services.
• Price fluctuations in securities markets, as well as other market events, such as a disruption in credit and other markets and the abnormal functioning of markets for securities, could have an impact on the Corporation's results of operations.
• The Corporation and its bank subsidiaries are subject to extensive regulation and supervision and may be adversely affected by changes in laws and regulations or any failure to comply with laws and regulations.
• The Corporation has begun the process of consolidating its bank subsidiaries, which will result in significant implementation costs in 2019.
• Failure to comply with the BSA, the Patriot Act and related anti-money laundering requirements could subject the Corporation to enforcement actions, fines, penalties, sanctions and other remedial actions.
• The Dodd-Frank Act continues to have a significant impact on the Corporation's business and results of operations.
• The recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act did not eliminate many of the aspects of the Dodd Frank Act that have increased the Corporation's compliance costs, and remains subject to further rulemaking.
• The financial services industry is experiencing leadership changes at the federal banking agencies, and in Congress, which may impact regulations and government policies applicable to the Corporation.
• Negative publicity could damage the Corporation's reputation and business.
• From time to time the Corporation may be the subject of litigation and governmental or administrative proceedings. Adverse outcomes of any such litigation or proceedings may have a material adverse impact on the Corporation's business and results of operations as well as its reputation.
• The Corporation may not be able to achieve its growth plans.
• The Corporation faces a variety of risks in connection with completed and potential acquisitions.
• The competition the Corporation faces is significant and may reduce the Corporation's customer base and negatively impact the Corporation's results of operations.
• If the goodwill that the Corporation has recorded or records in the future in connection with its acquisitions becomes impaired, it could have a negative impact on the Corporation's results of operations.
• Changes in accounting policies, standards, and interpretations could materially affect how the Corporation reports its financial condition and results of operations.
• The Corporation is exposed to many types of operational and other risks and the Corporation's framework for managing risks may not be effective in mitigating risk.
• The Corporation's operational risks include risks associated with third-party vendors and other financial institutions.
• The Corporation's internal controls may be ineffective.
• Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely affect the Corporation's operations, net income or reputation.
• The Corporation is subject to a variety of risks in connection with origination and sale of loans.
• The Corporation continually encounters technological change.
• The Corporation may not be able to attract and retain skilled people.
• The Corporation's future growth may require the Corporation to raise additional capital in the future, but that capital may not be available when it is needed or may be available only at an excessive cost.
• Capital planning has taken on more importance due to regulatory requirements and the Basel III capital standards.
• The Corporation is a holding company and relies on dividends and other payments from its subsidiaries for substantially all of its revenue and its ability to make dividend payments, distributions and other payments.
• A downgrade in the credit ratings of the Corporation or its bank subsidiaries could have a material adverse impact on the Corporation.
• Anti-takeover provisions could negatively impact the Corporation's shareholders.