FULTON FINANCIAL CORP

Three months ended June 30, 2025 compared to the three months ended June 30, 2024

Net Interest Income

FTE net interest income was $259.3 million for the three months ended June 30, 2025, an increase of $13.0 million, compared to $246.3 million for the same period in 2024. For the three months ended June 30, 2025, NIM increased to 3.47%, or 4 bps, compared to the same period in 2024. The Corporation manages the risk associated with changes in interest rates through the techniques described within Part 1, "Item 3. Quantitative and Qualitative Disclosures About Market Risk" in this Quarterly Report on Form 10-Q. The following table provides a comparative average balance sheet and net interest income analysis for the three months ended June 30, 2025 compared to the same period in 2024. Interest income and yields are presented on an FTE basis using a 21% federal tax rate as well as statutory interest expense disallowances. The discussion following this table is based on these taxable-equivalent amounts.

(1) Presented on a FTE basis using a 21% federal tax rate and statutory interest expense disallowances.

(2)Average balance includes non-performing loans.

(3) Average balances include amortized historical cost for AFS investment securities; the related unrealized holding gains (losses) are included in other assets.

(4) ACL - loans relates to the ACL specifically for net loans and does not include the ACL for OBS credit exposures, which is included in other liabilities.

The following table summarizes the changes in FTE interest income and interest expense resulting from changes in average balances (volume) and changes in yields and rates for the three months ended June 30, 2025 compared to the same period in 2024:

(1) Average balance includes non-performing loans.

Note: Changes which are partially attributable to both volume and rate are allocated to the volume and rate components presented above based on the percentage of direct changes that are attributable to each component.

Compared to the second quarter of 2024, FTE total interest income for the second quarter of 2025 increased $2.1 million, or 0.5%, due to an increase of $175.2 million attributable to changes in volume, partially offset by a decrease of $173.1 million attributable to changes in yield. The increase due to changes in volume was largely due to an increase in average net loans in part due to loans acquired in the Republic First Transaction. The decrease due to changes in yield was primarily due to a decline in interest rates on average net loans and other interest-earning assets.

The yield on average total interest-earning assets decreased 20 bps for the three months ended June 30, 2025 compared to the same period in 2024 primarily due to lower interest rates.

In the second quarter of 2025, interest expense decreased $10.9 million compared to the second quarter of 2024, primarily driven by a decrease of $139.4 million attributable to changes in rate, partially offset by an increase of $128.4 million attributable to changes in volume. The increase in interest expense attributable to changes in volume was driven by increases in average time deposits and average savings and money market deposits in part due to deposits assumed in the Republic First Transaction. The decrease in interest expense attributable to changes in rate was primarily due to lower interest rates.

The rate on average total interest-bearing liabilities decreased 33 bps for the three months ended June 30, 2025 compared to the same period in 2024 primarily due to lower interest rates.

Average loans and average FTE yields, by type, are summarized in the following table:

(1) Consists of equipment lease financing, overdrafts and net origination fees and costs.

During the second quarter of 2025, average netloans increased $553.8 million, or 2.4%, compared to the same period in 2024. The increase in average net loans was in part due to loans acquired in the Republic First Transaction.

The yield on total loans decreased 26 bps to 5.86% for the second quarter of 2025 compared to 6.12% for the same period in 2024.

Average deposits and average interest rates, by type, are summarized in the following table:

Average total deposits increased $1.5 billion, or 6.0%, in the second quarter of 2025 compared to the same period in 2024. The increase in average total deposits was primarily due to increases of $910.5 million, $720.6 million and $442.0 million in average savings and money market deposits, average interest-bearing demand deposits and average time deposits, respectively. The increase in average deposits was in part due to deposits assumed in the Republic First Transaction.

The cost of deposits decreased 16 bps to 1.98% in the second quarter of 2025 compared to 2.14% for the same period in 2024 primarily due to lower interest rates.

Average borrowings and other interest-bearing liabilities and interest rates, by type, are summarized in the following table:

(1) Includes repurchase agreements, short-term promissory notes, capital leases and collateral liabilities.

Average total borrowings and other interest-bearing liabilities decreased $685.4 million, or 28.1%, in the second quarter of 2025 compared to the same period in 2024. The decrease in average total borrowings and other interest-bearing liabilities was due to decreases of $364.2 million, $168.2 million, $121.5 million and $31.5 million in average other borrowings and interest-bearing liabilities, average senior debt and subordinated debt, average FHLB advances and average Federal funds purchased, respectively.

In November 2024, the Corporation retired $168.8 million of subordinated notes issued in November 2014 and June 2015 which matured on November 15, 2024.

Provision for Credit Losses

The provision for credit losses was $8.6 million for the three months ended June 30, 2025 resulting in a $377.3 million allowance for credit losses attributable to net loans, or 1.57% of total net loans as of June 30, 2025, compared to a provision for credit losses of $32.1 million for the same period in 2024, resulting in a $375.9 million allowance for credit losses attributable to net loans, or 1.56% of total net loans as of June 30, 2024.

Non-Interest Income

The following table presents the components of non-interest income:

Non-interest income for the three months ended June 30, 2025 decreased $23.8 million, or 25.6%, compared to the same period in 2024. Compared to the three months ended June 30, 2024, non-interest income before investment securities (losses) gains, net and gain on acquisition, net of tax, increased $3.3 million, or 5.0%. The increase in non-interest income before investment securities (losses) gains, net and gain on acquisition, net of tax, was primarily due to increases of $1.4 million in cash management fee income due to an increase in account analysis fees as commercial customers moved funds to interest-bearing deposit accounts and $1.3 million in wealth management revenues due to an increase in assets under management.

In May 2024, the Corporation sold $345.7 million of AFS investment securities and recorded a pre-tax loss of $20.3 million. The proceeds from the sale were reinvested into higher-yielding investment securities of a similar type and similar duration.

Non-Interest Expense

The following table presents the components of non-interest expense:

Non-interest expense for the three months ended June 30, 2025 decreased $6.7 million, or 3.3%, compared to the same period in 2024. Excluding the gain on Sale-Leaseback Transaction, FultonFirst implementation and asset disposals and acquisition-related expenses, non-interest expense decreased $6.5 million, or 3.3%. The decrease in non-interest expense before gain on Sale-Leaseback Transaction, FultonFirst implementation and asset disposals and acquisition-related expenses was primarily due to decreases of $2.1 million in salaries and employee benefits expense driven by a reduction in employee base salaries expense, in part due to the Republic First Transaction and FultonFirst initiative, and $2.1 million in data processing and software expense, $1.7 million in FDIC insurance expense and $1.4 million in net occupancy expense, all primarily due to cost savings realized from the Republic First Transaction, partially offset by an increase of $0.8 million in intangible amortization expense driven by an increase in CDI amortization expense resulting from the Republic First Transaction.

Income Taxes

Income tax expense for the three months ended June 30, 2025 was $23.5 million, a $15.3 million increase compared to the same period in 2024. The Corporation's ETR was 19.1% for the three months ended June 30, 2025 compared to 7.9% for the same period in 2024. Excluding the impact from the $47.4 million gain on acquisition, net of tax, the Corporation's ETR was 14.7% for the same period in 2024.

Six months ended June 30, 2025 compared to the six months ended June 30, 2024

Net Interest Income

FTE net interest income was $514.8 million for the six months ended June 30, 2025, an increase of $57.0 million, compared to $457.8 million for the same period in 2024. For the six months ended June 30, 2025, NIM increased to 3.45%, or 8 bps, compared to the same period in 2024. The following table provides a comparative average balance sheet and net interest income analysis for the six months ended June 30, 2025 compared to the same period in 2024. Interest income and yields are presented on an FTE basis using a 21% federal tax rate as well as statutory interest expense disallowances. The discussion following this table is based on these taxable-equivalent amounts.

(1) Presented on a FTE basis using a 21% federal tax rate and statutory interest expense disallowances.

(2) Average balance includes non-performing loans.

(3) Average balances include amortized historical cost for AFS investment securities; the related unrealized holding gains (losses) are included in other assets.

(4) ACL - loans relates to the ACL specifically for net loans and does not include the ACL for OBS credit exposures, which is included in other liabilities.

The following table summarizes the changes in FTE interest income and interest expense resulting from changes in average balances (volume) and changes in yields and rates for the six months ended June 30, 2025 in comparison to the same period in 2024:

(1) Average balance includes non-performing loans.

Note: Changes which are partially attributable to both volume and rate are allocated to the volume and rate components presented above based on the percentage of direct changes that are attributable to each component.

Compared to the same period in 2024, FTE total interest income for the six months ended June 30, 2025 increased $61.9 million, or 8.3%, due to an increase of $148.9 million attributable to changes in volume, of which $125.3 million was attributable to average net loans, partially offset by a decrease of $87.0 million attributable to changes in yield, primarily attributable to average net loans. The increase in the average balance of net loans for the six months ended June 30, 2025 compared to the same period in 2024 was in part due to loans acquired in the Republic First Transaction.

The yield on average total interest-earning assets decreased 8 bps for the six months ended June 30, 2025 compared to the same period in 2024 primarily due to a decline in interest rates.

For the six months ended June 30, 2025, interest expense increased $4.8 million compared to the same period in 2024, primarily driven by an increase of $51.5 million attributable to changes in volume, partially offset by a decrease of $46.7 million attributable to changes in rate. The increase in interest expense attributable to changes in volume was driven by increases in average savings and money market deposits and average balance of time deposits in part due to deposits assumed in the Republic First Transaction. The decrease in interest expense attributable to changes in rate was primarily due to a decline in interest rates.

The rate on average total interest-bearing liabilities decreased 24 bps for the six months ended June 30, 2025 compared to the same period in 2024 primarily due to a decline in interest rates.

Average loans and average FTE yields, by type, are summarized in the following table:

(1) Consists of equipment lease financing, overdrafts and net origination fees and costs.

During the six months ended June 30, 2025, average net loans increased $1.6 billion, or 7.1%, comparedto the same period in 2024. The increase in average net loans was largely due to loans acquired in the Republic First Transaction.

The yield on total loans decreased 16 bps for the first six months of 2025 compared to the same period in 2024 primarily due to lower interest rates.

Average deposits and average interest rates, by type, are summarized in the following table:

During the six months ended June 30, 2025, average total deposits increased $3.1 billion, or 13.6%, compared to the same period in 2024. The increase in average total deposits was primarily due to increases of $1.4 billion, $1.1 billion and $762.7 million in average interest-bearing demand deposits, average savings and money market deposits and average time deposits, respectively, partially offset by a decrease of $307.1 million in average brokered deposits. The increase in average deposits was largely due to deposits assumed in the Republic First Transaction.

The cost of total deposits decreased 4 bps to 2.01% for the first six months of 2025 compared to 2.05% for the same period of 2024 primarily due to a decline in interest rates.

Average borrowings and other interest-bearing liabilities and interest rates, by type, are summarized in the following table:

(1) Includes repurchase agreements, short-term promissory notes and capital leases and collateral liabilities.

Average borrowings and other interest-bearing liabilities decreased $769.5 million, or 30.5%, in the first six months of 2025 compared to the same period in 2024. The decrease in average borrowings and other interest-bearing liabilities was due to decreases of $341.2 million, $168.2 million, $157.5 million and $102.6 million in average other borrowings and interest-bearing liabilities, average senior debt and subordinated debt, average FHLB advances and average Federal funds purchased, respectively.

In November 2024, the Corporation retired $168.8 million of subordinated notes issued in November 2014 and June 2015 which matured on November 15, 2024.

Provision for Credit Losses

The provision for credit losses was $22.5 million for the six months ended June 30, 2025 compared to $43.0 million for the same period in 2024. The $20.5 million decrease in the provision for credit losses compared to the same period in 2024 was primarily due to a $23.4 provision for credit losses for non-PCD loans recorded as a result of the Republic First Transaction in the second quarter of 2024.

Non-Interest Income

The following table presents the components of non-interest income:

Non-interest income for the six months ended June 30, 2025 decreased $13.8 million, or 9.2%, compared to the same period in 2024. Excluding investment securities (losses) gains, net and gain on acquisition, net of tax, non-interest income increased $13.4 million or 10.9%. The increase in non-interest income before investment securities (losses) gains, net and gain on acquisition, net of tax, was primarily due to increases of $2.9 million in wealth management revenues due to an increase in assets under management, $2.9 million in cash management fee income due to an increase in account analysis fees as customers moved funds to interest-bearing deposit accounts and $4.5 million in income from equity method investments, reflected in other non-interest income.

In May 2024, the Corporation sold $345.7 million of AFS investment securities and recorded a pre-tax loss of $20.3 million. The proceeds from the sale were reinvested into higher-yielding investment securities of a similar type and similar duration.

Non-Interest Expense

The following table presents the components of non-interest expense:

Non-interest expense for the six months ended June 30, 2025 increased $5.2 million, or 1.4%, compared to the same period in 2024. Excluding the gain on Sale-Leaseback Transaction, FultonFirst implementation and asset disposals and acquisition-related expenses, non-interest expense increased $11.3 million, or 3.0%, for the six months ended June 30, 2025 compared to the same period in 2024. The increase in non-interest expense was largely due to increases of $6.5 million in intangible amortization driven by CDI amortization expense resulting from the Republic First Transaction and $6.2 million in salaries and employee benefits primarily due to an increase in incentive compensation expense and annual merit increases.

Income Taxes

The Corporation's ETR was 19.2% for the six months ended June 30, 2025, compared to 12.2% for the same period in 2024. Excluding the impact from the $47.4 million gain on acquisition, net of tax, the Corporation's ETR was 16.6% for the same period in 2024.

FINANCIAL CONDITION

The table below presents condensed consolidated ending balance sheets:

Investment Securities

The following table presents the carrying amount of investment securities:

Compared to December 31, 2024, total AFS investment securities at June 30, 2025 increased $209.0 million, or 6.1%. The increase in AFS investment securities at June 30, 2025 compared to December 31, 2024 was primarily due to a $383.4 million increase in collateralized mortgage obligations, partially offset by decreases of $93.1 million, $40.1 million and $36.3 million in residential mortgage-backed securities, state and municipal securities and corporate debt securities, respectively.

Compared to December 31, 2024, total HTM investment securities at June 30, 2025 increased $77.6 million, or 5.6%. The increase in HTM investment securities at June 30, 2025 compared to December 31, 2024 was driven by an increase of $81.1 million in residential mortgage-backed securities.

Loans

The following table presents ending net loans outstanding by type:

(1) Includes unearned income of $38.7 million and $35.6 million as of June 30, 2025 and December 31, 2024, respectively.

During the six months ended June 30, 2025, net loans decreased $32.4 million, or 0.1%, compared to December 31, 2024. The decrease in net loans during the first six months of 2025 was primarily due to decreases of $239.8 million in construction loans and $63.8 million in commercial and industrial loans, partially offset by increases of $162.0 million in residential mortgage loans and $76.2 million in commercial mortgage loans.

The Corporation does not have a significant concentration of credit risk with any single borrower. As of June 30, 2025, approximately $10.8 billion, or 45.1%, of the loan portfolio was comprised of commercial mortgage loans and construction loans.

The Corporation has established lower total lending limits for certain types of commercial lending commitments and lower total lending limits based on the Corporation's internal risk rating of an individual borrower at the time the lending commitment is approved. The Corporation adheres to loan portfolio management practices, which include requiring an annual review of the majority of loans. Additionally, management monitors the loan portfolio throughout the year taking into account, among other things, the size, complexity and risk of loans and individual borrowers. An independent loan review function assesses the portfolio for internal risk rating accuracy and loan servicing policy requirements. The Corporation consolidates risk migrations to identify emerging risks by industry and real estate property types, taking into consideration economic forecasts and industry trends. The Corporation takes a risk-based approach when reviewing a specific loan portfolio, such as the commercial office loan portfolio or multi-family loan portfolio. The Corporation reviews portfolio concentrations and adjusts the lending limits based on asset quality, economic forecasts and industry outlook.

The following table summarizes the industry concentrations within the commercial mortgage and the commercial and industrial loan portfolios:

(1) Includes commercial loans to borrowers engaged in the business of renting, leasing or managing real estate for others, selling and/or buying real estate for

others and appraising real estate.

(2) Includes commercial loans to borrowers engaged in the construction industry.

The commercial mortgage loan portfolio consists of 45.2% owner occupied commercial mortgage loans and 54.8% of non-owner occupied commercial mortgage loans as of June 30, 2025. The following table summarizes the non-owner occupied commercial mortgage loan portfolio and the percent to total net loans.

The following table summarizes the commercial mortgage office non-owner occupied loan portfolio outstanding balance, total commitment and LTV ratio by Metropolitan Statistical Area:

(1)Weighted average LTV as of origination.

(2)Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.

(3) New York-Newark-Jersey City, NY-NJ-PA.

(4)Washington-Arlington-Alexandria, DC-VA-MD-WV.

(5) Baltimore-Columbia-Towson, MD.

The non-owner occupied commercial mortgage office loan portfolio table above excludes commercial construction loans secured by office property collateral with a total outstanding balance of $1.7 million and outstanding loan commitment of $2.8 million as of June 30, 2025.

The following table summarizes the non-owner occupied commercial mortgage multi-family loan portfolio outstanding balance, total commitment and LTV ratio by Metropolitan Statistical Area:

(1) Weighted average LTV as of origination.

(2)Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.

(3) New York-Newark-Jersey City, NY-NJ-PA.

(4) Baltimore-Columbia-Towson, MD.

(5)Washington-Arlington-Alexandria, DC-VA-MD-WV.

The non-owner occupied commercial mortgage multi-family loan table above excludes commercial construction loans secured by multi-family property collateral with a total outstanding loan balance of $356.8 million and outstanding loan commitments of $566.0 million as of June 30, 2025.

The following table presents the changes in non-accrual loans for the three and six months ended June 30, 2025:

During the six months ended June 30, 2025, non-accrual loans decreased by approximately $6.4 million, or 3.4%, largely due to $113.9 million in payments, $34.1 million in charge-offs and $5.3 million in transfers to accrual status, partially offset by $148.1 million in additions. During the six months ended June 30, 2025, non-accrual loans as a percentage of total net loans decreased to 0.76% compared to 0.79% as of December 31, 2024.

The following table presents non-performing assets for the periods shown below:

(1) Excludes $13.9 million and $17.5 million of residential mortgage properties for which formal foreclosure proceedings were in process as of June 30, 2025 and December 31, 2024, respectively.

Non-performing loans as of June 30, 2025 were $212.9 million, a decrease of $7.2 million, or 3.3%, compared to $220.1 million as of December 31, 2024. The decrease in non-performing loans during the first six months of 2025 was primarily due to payments, charge-offs and transfers to accrual status, partially offset by additions. Non-performing loans as a percentage of total net loans was 0.89% and 0.92% as of June 30, 2025 and December 31, 2024, respectively.

The Corporation's ability to identify potential problem loans in a timely manner is important to maintaining an adequate ACL. For commercial and industrial loans, commercial mortgage loans, commercial construction loans and leases and other loans, an internal risk rating process is used to monitor credit quality. The evaluation of credit risk for residential mortgages, home equity loans, construction loans to individuals and consumer loans is based on payment history through the monitoring of delinquency levels and trends.

Total internally risk-rated loans were $15.5 billion and $15.4 billion as of June 30, 2025 and December 31, 2024, respectively, of which $1.7 billion were criticized and classified loans at June 30, 2025 compared to $1.8 billion at December 31, 2024.

The following table presents criticized and classified loans, or those with internal risk ratings of special mention or substandard or lower for commercial mortgage loans, commercial and industrial loans and construction loans to commercial borrowers, by class segment:

(1) Considered "criticized" loans by banking regulators.

(2) Considered "classified" loans by banking regulators.

(3) Excludes residential real estate - construction.

Compared to December 31, 2024, total criticized and classified loans decreased $149.1 million driven by a decrease of $190.1 million in special mention loans, partially offset by an increase of $41.0 million in substandard or lower loans.

The Corporation accounts for the credit risk associated with lending activities through the ACL and the provision for credit losses.

The following table presents the activity in the ACL:

(1) These amounts are reflected in the provision for credit losses in the Consolidated Statements of Income.

(2) Provision for credit losses includes only the portion related to net loans.

(3) Reserve for OBS credit exposures is recorded within other liabilities on the Consolidated Balance Sheets.

The provision for credit losses, specific to net loans, for the three months ended June 30, 2025 was $9.4 million compared to a provision of $10.0 million for the same period in 2024. The provision for credit losses, specific to net loans, for the six months ended June 30, 2025 was $22.5 million compared to $23.1 million for the same period in 2024. During the second quarter of 2024, a provision for credit losses of $23.4 million was recorded for non-PCD Loans acquired in the Republic First Transaction. Additionally, included in the ACL during the second quarter of 2024 was $55.9 million recorded for PCD Loans acquired in the Republic First Transaction.

The ACL includes qualitative adjustments, as appropriate, intended to capture the impact of uncertainties not reflected in the quantitative models. See "Note 5 - Loans and Allowance for Credit Losses" of the Notes to Consolidated Financial Statements in Part I, "Item 1. Financial Statements" for additional details.

The following table summarizes the allocation of the ACL - loans:

(1) Ending ACL - loan portfolio segment balance as a percentage of total ACL - loans.

(2) Ending loan portfolio segment balances as a percentage of total net loans for the periods presented.

Deposits and Borrowings

The following table presents ending deposits by type:

During the six months ended June 30, 2025, total deposits increased by $8.6 million compared to December 31, 2024. The increase in total deposits was primarily due to an increase of $479.8 million in savings and money market deposits, partially offset by decreases of $250.5 million, $162.0 million and $32.2 million in interest-bearing demand deposits, noninterest-bearing demand deposits and time deposits, respectively.

Total uninsured deposits (excluding intra-Company deposits) were estimated to be $9.2 billion and $9.4 billion as of June 30, 2025 and December 31, 2024, respectively.

Time deposits of $250 thousand or more were $1.1 billion and $1.0 billion as of June 30, 2025 and December 31, 2024, respectively.

The following table presents ending borrowings by type:

(1) Includes repurchase agreements, short-term promissory notes and capital leases.

During the six months ended June 30, 2025, total borrowings decreased $8.1 million, or 0.5%, compared to December 31, 2024. The decrease in total borrowings was primarily due to a decrease in FHLB advances of $50.0 million, partially offset by an increase in other borrowings of $41.7 million.

Shareholders' Equity

On December 17, 2024, the Corporation announced that its Board of Directors approved the 2025 Repurchase Program. The 2025 Repurchase Program will expire on December 31, 2025. Under the 2025 Repurchase Program, the Corporation is authorized to repurchase up to $125.0 million of shares of its common stock. Under the 2025 Repurchase Program up to $25.0 million may be used to repurchase shares of the Corporation's preferred stock.

On April 15, 2025, the Corporation announced that its Board of Directors approved a supplemental authorization under the 2025 Repurchase Program to repurchase up to $25 million of the Subordinated Notes due 2030; provided that the purchase price of the Corporation's preferred stock and the Subordinated Notes due 2030 may not exceed, in the aggregate, $25 million.

The 2025 Repurchase Program may be discontinued at any time.

During the six months ended June 30, 2025, 553,767 shares of common stock were repurchased under the 2025 Repurchase Program at a total cost of $9.0 million or $16.28 per share.

On May 1, 2024, the Corporation completed its underwritten public offering of 19,166,667 shares of its common stock at a price to the public of $15.00 per share, before underwriting discounts. The net proceeds to the Corporation from the offering after deducting underwriting discounts and transaction expenses were approximately $272.6 million.

Regulatory Capital

The Corporation and its wholly owned subsidiary bank, Fulton Bank, are subject to the Capital Rules administered by banking regulators. Failure to meet minimum capital requirements can trigger certain actions by regulators that could have a material effect on the Corporation's financial statements.

The Capital Rules require the Corporation and Fulton Bank to:

•Meet a minimum Common Equity Tier 1 capital ratio of 4.50% of risk-weighted assets;

•Meet a minimum Tier 1 Leverage capital ratio of 4.00% of average assets;

•Meet a minimum Total capital ratio of 8.00% of risk-weighted assets and a minimum Tier 1 capital ratio of 6.00% of risk-weighted assets;

•Maintain a "capital conservation buffer" of 2.50% above the minimum risk-based capital requirements, which must be maintained to avoid restrictions on capital distributions and certain discretionary bonus payments; and

•Comply with a revised definition of capital to improve the ability of regulatory capital instruments to absorb losses. Certain non-qualifying capital instruments, including cumulative preferred stock and TruPS, are excluded as a component of Tier 1 capital for institutions of the Corporation's size.

As of June 30, 2025, the Corporation's capital levels met the minimum capital requirements, including the capital conservation buffers, as prescribed in the Capital Rules.

As of June 30, 2025, Fulton Bank met the well-capitalized requirements under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, a bank must maintain minimum Total risk-based, Tier I risk-based, Common Equity Tier I risk-based and Tier I leverage ratios as set forth in the Capital Rules. There were no other conditions or events since June 30, 2025 that management believes have changed the Corporation's capital categories.

The following table summarizes the Corporation's capital ratios in comparison to regulatory requirements: