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Exhibit 99.1 FOR IMMEDIATE RELEASE Media Contact : Laura Wakeley ( 717 ) 291-2616 Investor Contact : Matt Jozwiak ( 717 ) 327-2657 FULTON FINANCIAL CORPORATION Fulton Financial Announces First Quarter 2021 Results ( April 20 , 2021 ) - Lancaster , PA - Fulton Financial Corporation ( NASDAQ : FULT ) ( " Fulton " or the " Corporation " ) reported net income available to common shareholders of $ 70 million , or $ 0.43 per diluted share , for the first quarter of 2021 . " Fulton achieved solid financial performance during the first quarter , despite the continuing challenges brought about by COVID - 19 , " said E. Philip Wenger , Chairman and CEO of Fulton Financial Corporation . " We experienced record earnings per share , our mortgage business remained strong , our wealth management business grew to record highs , and asset quality remained stable . The balance sheet restructuring we announced in March had minimal net impact on our earnings in the first quarter , but it will meaningfully enhance our net interest income beginning in the second quarter and going forward . " Net Interest Income and Balance Sheet Net interest income for the first quarter of 2021 was $ 164 million , $ 3 million higher than the fourth quarter of 2020. Net interest margin for the first quarter of 2021 increased 4 basis points , to 2.79 % , from 2.75 % in the fourth quarter of 2020. The increases in net interest income and net interest margin in comparison to the fourth quarter of 2020 were primarily due to the forgiveness of Paycheck Protection Program ( " PPP " ) loans and the recognition of related fee income as well as growth in average investment securities and other earning assets during the quarter . Total average assets for the first quarter of 2021 were $ 26.1 billion , an increase of $ 333 million from the fourth quarter of 2020 , driven by growth in other interest - earning assets and investment securities . Average loans , net of unearned income , were $ 19.0 billion , relatively unchanged compared to the fourth quarter of 2020. Average loans included loans originated under the PPP . Average PPP loans were $ 1.7 billion for the first quarter of 2021 compared to $ 1.8 billion for the fourth quarter of 2020. First quarter loan balances were impacted by the net effect of $ 579 million of PPP loans forgiven and $ 685 million of new loans originated under the third phase of the PPP in the first quarter of 2021 .