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Fulton Financial lists earnings

November 01, 2005

LANCASTER, Pa. - Fulton Financial Corp. earned $42.1 million in the third quarter of 2005, a 17 percent increase over $36.0 million for the same period in 2004.

Diluted net income per share increased to 27 cents, a 17.4 percent increase over the 23 cents reported (as restated) for the third quarter of 2004. Annualized return on average assets was 1.37 percent for the quarter. Annualized return on average equity was 13.08 percent and annualized return on tangible equity was 20.62 percent.

The Lancaster-based financial holding company reported net income of $125.2 million for the nine months ended Sept. 30, a 14.2 percent increase over the same period in 2004. Diluted net income per share for the first nine months of 2005 increased to 79 cents, an 8.2 percent increase over the 73 cents reported (as restated) in 2004. Total assets on Sept. 30 were approximately $12.3 billion.

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