EXHIBIT 99.1
Fulton Financial Corporation
Safe Harbor statement
- The following presentation may contain forward-looking statements about Fulton Financial Corporation’s growth and acquisition strategies, new products and services, and future financial performance, including earnings and dividends per share, return on average assets, return on average equity, efficiency ratio and capital ratio. Forward-looking statements are encouraged by the Private Securities Litigation Reform Act of 1995.
- Such forward-looking information is based upon certain underlying assumptions, risks and uncertainties. Because of the possibility of change in the underlying assumptions, actual results could differ materially from these forward-looking statements. Risks and uncertainties that may affect future results include: pricing pressures on loans and deposits, actions of bank and non-bank competitors, changes in local and national economic conditions, changes in regulatory requirements, actions of the Federal Reserve Board, the Corporation’s success in merger and acquisition integration, and customers’ acceptance of the Corporation’s products and services.
Photo Slides
(Photos of the board of directors,
senior management, and affiliate
CEOs appear here)
Another year of good solid growth
Fulton Financial Corporation
Highlights of 2002
Fulton Financial Corporation
Company ratings
Moody’s Investors Service
Fitch Ratings
Contributors to other income
The Bank/Woodstown National merger
The Bank(SM)
South Jersey’s
Best Community Bank
Pillars of the Community award
Employee opinion survey (June 2002)
Employee satisfaction
The Newcomen Society award
Premier Bancorp, Inc.
Premier Bancorp, Inc.
Strategic implications
Where are we located?
Pennsylvania
New Jersey
Maryland
Delaware
Highlights of 2002
Fulton Financial Corporation
Fulton Financial Corporation
Business Ethics
&
Corporate Governance
Already in place
Now in progress
Establish a confidential and anonymous reporting process for perceived corporate wrongdoing
Fulton Financial Corporation
Code of Conduct
Scott Smith
President and Chief Operating Officer
2002 Financial Performance
Fulton Financial profile(as of 12/31/02)
Fulton Financial profile (as of 12/31/02)
- Eleven affiliate banks
- 188 banking offices
- 210 automated teller machines
What have we accomplished?
- 21 consecutive years of record earnings
- 9.3% compounded annual growth rate in earnings per share
Fulton Financial Corporation
What have we accomplished?
- 28 consecutive years of dividend increases
- 10.3% compounded annual growth
rate in dividends per share - Proven business model
- Consistently high performance
Fulton Financial Corporation
Fulton Financial Corporation
- Record earnings
- High asset quality
- Strong net interest margin
- Prudent expense control
2002 performance
$1.29 Net income per share (12.2% increase over 2001)
Total Net Income: $132.9 million
$0.586 Cash dividends per share (10.6% increase over 2001)
Total cash dividends declared: $60.1 million
2002 performance
- 1.68% Return on assets
- 15.86% Return on equity
- 52.40% Efficiency ratio
- 9.40% Leverage capital ratio
2002 total return
Institution/Index Change
Nasdaq Bank Index 7.32
Fulton Financial 4.42
Peer Group 2.56
Large Banks -2.70
NYSE Bank Index -11.55
Dow Jones -15.48
S&P 500 -22.56
Nasdaq Nat'l Mkt. -32.56
Five-year total return
Institution/Index Percent change
Peer Group 24.33%
Nasdaq Banks 19.89
Fulton Financial 19.48
NYSE Banks 15.83
Dow Jones Ind. Avg. 15.12
Large Banks 7.23
S&P 500 -2.88
Nasdaq Nat'l. Mkt. -13.56
2003 stock performance (year-to-date)
- $17.66 12/31/02
- $19.72 4/14/03
A 11.66% increase
since year-end 2002.
Analysts who follow our company
- Cohen Bros. Outperform
- Ferris Baker Watts Buy
- Janney Montgomery Scott Buy
- Keefe Bruyette & Woods Market Perform
- Legg Mason Wood Walker Buy
- McConnell, Budd & Romano Outperform
- McDonald Investments Hold
- RBC Capital Markets Sector perform
- Ryan Beck Outperform
- Salomon Smith Barney In-line
- Sandler O'Neill & Partners Maintain
Stock Performance (1982-2002)
1982 2002
100 shares $1,750 1,493 shares $26,366
14% return WITHOUT dividend reinvestment
Stock Performance (1982-2002)
1982 2002
100 shares $1,750 3,067 shares $54,165
18% return WITH dividend reinvestment
Fulton Financial Corporation
Strategic Plan
Our mission statement
- We will increase shareholder value and enrich the communities we serve by creating financial success together with our customers and career success together with our employees.
- We will conduct all of our business with honesty and integrity.
Core values
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|
Our top priorities
- Sustaining strong earnings growth
- Maintaining high credit quality
- Creating financial success together with our clients
- Creating career success together with our employees
- Enriching the communities we serve
- Growing non-interest income
In-depth analysis
- Strengths, weaknesses, opportunities, challenges
- Greatest strength:
OUR PEOPLE
Scott Smith
President and Chief Operating Officer
2002 Accomplishments and Our Strategic Plan
Rufus Fulton
Chairman and Chief Executive Officer
- Announcements
- Questions and Answers
Another year of good solid growth
Fulton Financial Corporation