The last couple of days now have been a pretty volatile time for shareholders of Fulton Financial Corporation ( FULT ). Shares of the company popped 2.6% on January 22nd. This was after managementDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic valu ...

On the full-year view, Myers said customer deposits grew $449 million and that enhanced deposit initiatives helped drive a 25% year-over-year increase in consumer demand deposit account openings . He also said sales productivity remained strong and certificate of deposit retention was “solid,” supporting deposit growth and helping the company manage its cost of funds over time.Myers noted several profitability and balance sheet markers improved during the year, including an operating return on assets that r ...

Financial Data and Key Metrics Changes - Operating earnings per share reached a record $2.16 for 2025, reflecting strong performance compared to 2024 [5] - Customer deposits increased by $449 million, driven by enhanced deposit initiatives and a 25% growth in consumer demand deposit account openings year over year [6] - Operating return on assets improved by 17 basis points to 1.28%, and net interest margin increased by 9 basis points to 3.51% [9][10] Business Line Data and Key Metrics Changes - Non-interest income, excluding certain gains and losses, rose to $277 million, up almost 7% year over year, with commercial fees growing by 8% [7][8] - Wealth assets under management surpassed $17 billion, with a 17% increase in referrals from financial centers to advisors [8] Market Data and Key Metrics Changes - Total deposits grew by $257 million, or 3.9%, with balanced growth across categories [14] - Municipal deposits decreased by $254 million, while commercial deposits remained stable [14] Company Strategy and Development Direction - The company aims to create long-term value by growing the business, effectively serving customers, and maintaining operational excellence [5] - The acquisition of Blue Foundry Bancorp is expected to strengthen the company's footprint and enhance its community banking model [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to historical loan growth rates in the mid-single-digit range for 2026, supported by increased productivity and a strong pipeline [27] - The company anticipates continued strength in 2026, building on momentum and delivering strong results for stakeholders [11] Other Important Information - Operating expenses grew by only 1.9% in 2025, and when normalizing for the full year of Republic First expenses, they would have decreased by 2.7% [9] - The company repurchased $59 million of common stock and increased its dividend, while maintaining the highest capital ratios seen in over a decade [10][19] Q&A Session Summary Question: Loan growth guidance for 2026 - Management noted that over $800 million of headwinds from strategic actions in 2025 are expected to moderate, allowing for a return to mid-single-digit organic growth [26] Question: Pay downs assumptions - Management indicated that they do not foresee significant changes in normal portfolio pay downs and prepayments year over year [28] Question: Loan mix changes with new hires - Management emphasized a diversified loan book strategy, expecting growth across all segments, particularly in commercial and industrial (C&I) and commercial real estate (CRE) [36] Question: Deposit growth and composition - Management highlighted strong momentum in consumer and small business deposits, with a focus on low-cost operating deposits [46] Question: Commercial interest rate swap income - Management stated that swap income correlates with larger originations and is expected to fluctuate accordingly [52] Question: Other fee income expectations - Management noted that volatility in other fee income is driven by equity method investments, with a normalized level expected around $2.5 million [53]

Financial Data and Key Metrics Changes - Operating earnings per share for 2025 reached a record $2.16, reflecting strong performance compared to 2024 [9] - Customer deposits increased by $449 million, with a 25% year-over-year growth in consumer demand deposit account openings [10] - Net interest margin improved by 9 basis points to 3.51%, ending the fourth quarter at 3.59% despite Fed rate cuts [18] - Operating return on assets increased by 17 basis points to 1.28% [17] - Tangible book value per share grew by 15% [19] Business Line Data and Key Metrics Changes - Non-interest income, excluding certain gains and losses, rose to $277 million, up almost 7% year-over-year [13] - Commercial fees increased by 8%, driven by a 17% growth in cash management revenue [14] - Wealth assets under management surpassed $17 billion, with a 17% increase in referrals from financial centers [15] Market Data and Key Metrics Changes - The loan-to-deposit ratio remained stable at 91% [29] - Total deposits grew by $257 million, or 3.9%, with balanced growth across categories [27] - Municipal deposits decreased by $254 million, while other wholesale funding declined by $29 million [28] Company Strategy and Development Direction - The company aims to create long-term value by growing the business and delivering effectively for customers [9] - The acquisition of Blue Foundry Bancorp is expected to strengthen the company's footprint and community banking model [21] - The company plans to return to historical loan growth rates in the mid-single-digit range in 2026 [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit loan growth in 2026, citing the moderation of previous headwinds [46] - The company is optimistic about opportunities in 2026, focusing on continued strength and growth [22] - Credit metrics improved, with non-performing assets declining to 0.58% of total assets [37] Other Important Information - Operating expenses grew by 1.9% in 2025, but would have decreased by 2.7% when normalizing for prior year expenses [17] - The company repurchased $59 million of common stock and increased its dividend [19] - The effective tax rate is projected to be between 18.5% and 19.5% for 2026 [40] Q&A Session Summary Question: Loan growth guidance for 2026 - Management indicated that headwinds from strategic actions in 2025 will moderate, allowing for a return to mid-single-digit growth [46] Question: Pay downs assumptions - Management expects normal portfolio pay downs and prepayments to remain consistent year-over-year [50] Question: Loss provision guidance - The allowance for credit losses is expected to drift lower in a stable credit environment, with charge-offs remaining flat [52] Question: Loan mix changes with new hires - Management aims for diversified growth across all loan segments, with opportunities in CRE, C&I, and business banking [60] Question: Deposit growth and composition - Management noted strong momentum in consumer and small business deposits, with a focus on low-cost operating deposits [71] Question: Commercial interest rate swap income - Swap income is expected to correlate with originations, which have shown growth in the fourth quarter [78] Question: Other fee income expectations - Other fee income is expected to normalize around $2.5 million, influenced by quarterly volatility [79]

Financial Data and Key Metrics Changes - Operating earnings per share reached a record $2.16 for 2025, reflecting strong performance compared to 2024 [5] - Customer deposits increased by $449 million, with a 25% growth in consumer demand deposit account openings year over year [5] - Operating return on assets improved by 17 basis points to 1.28%, and net interest margin increased by 9 basis points to 3.51% [9][10] Business Line Data and Key Metrics Changes - Non-interest income, excluding certain gains and losses, was $277 million, up almost 7% year over year, with commercial fees growing by 8% [7][8] - The business banking team raised over $133 million in lower-cost operating deposits, contributing to overall deposit growth [5] - Loan growth was impacted by strategic actions that represented over $800 million in headwinds, yet organic loan growth was achieved [6][12] Market Data and Key Metrics Changes - Total deposits grew by $257 million, or 3.9%, with balanced growth across categories [14] - Municipal deposits decreased by $254 million, while commercial deposits remained stable [14] - The commercial pipeline increased by more than 10% year over year, indicating strong future growth potential [48] Company Strategy and Development Direction - The company aims to create long-term value by growing the business and enhancing customer service [5] - The acquisition of Blue Foundry Bancorp is expected to strengthen the company's footprint and community banking model [11] - The company plans to return to historical loan growth rates in the mid-single-digit range in 2026 [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit loan growth in 2026, supported by increased productivity and a strong pipeline [27][28] - The company anticipates stable credit conditions and a stable economic environment, which will influence the allowance for loan losses [30] - Management highlighted the importance of maintaining a diversified loan portfolio to support growth across various segments [38] Other Important Information - Operating expenses grew by 1.9% in 2025, with a normalized decrease of 2.7% when accounting for prior year expenses [9] - The company repurchased $59 million of common stock and increased its dividend, reflecting strong capital ratios [10][19] - The effective tax rate is projected to be between 18.5% and 19.5% for 2026 [20] Q&A Session Summary Question: Can you quantify the headwinds for loan growth in 2026? - Management noted over $800 million in headwinds from strategic actions in 2025, which are expected to moderate in 2026, allowing for a return to mid-single-digit growth [26] Question: What are the assumptions regarding pay downs in the loan portfolio? - Management indicated that they do not foresee significant changes in normal portfolio pay downs and prepayments year over year [28] Question: How will the loan mix change with new hires? - Management emphasized the strategy to grow all loan segments, including CRE and C&I, with a focus on maintaining a diversified loan book [38] Question: What are the expectations for deposit growth and cost of funds? - Management expressed confidence in deposit growth driven by consumer and small business segments, with the cost of deposits finishing December at 1.80% [45][46] Question: What is the outlook for commercial interest rate swap income? - Management stated that swap income correlates with originations and is expected to fluctuate based on larger deals [50] Question: What is the expected run rate for other fee income? - Management indicated that a normalized level for other fee income would be around $2.5 million [52]

A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q for the quarters ending ...

Core Insights - Fulton Financial Corporation (FULT) reported earnings per share (EPS) of $0.53 for Q4 2025, slightly exceeding the estimated $0.52, with revenue of approximately $340.4 million, surpassing the estimated $336.9 million [1][6] Financial Performance - For Q4 2025, FULT's net income was $96.4 million, or $0.53 per diluted share, reflecting a decrease of $1.5 million compared to Q3 2025, yet still exceeding earnings expectations [2] - The operating net income for Q4 was $99.4 million, or $0.55 per diluted share, down by $1.9 million from the previous quarter [3] - The full-year net income reached $381.4 million, or $2.08 per diluted share, marking a significant increase of $102.9 million, or $0.51 per diluted share, compared to the previous year [3] Financial Ratios - FULT has a price-to-earnings (P/E) ratio of approximately 10.43, indicating the market's valuation of its earnings [4] - The price-to-sales ratio is about 1.95, reflecting the market's valuation of its revenue [4] - The enterprise value to sales ratio stands at around 2.30, suggesting how the company's total value compares to its sales [4] Debt and Liquidity - The debt-to-equity ratio is approximately 0.43, indicating a moderate level of debt relative to equity [5] - The current ratio is around 0.14, which may suggest challenges in covering short-term liabilities with short-term assets [5] - The earnings yield is about 9.59%, providing insight into the earnings generated per dollar invested [5]

Financial Performance - For the quarter ended December 2025, Fulton Financial reported revenue of $340.44 million, reflecting a year-over-year increase of 5.1% [1] - Earnings per share (EPS) for the quarter was $0.55, up from $0.48 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $335 million, resulting in a surprise of +1.62% [1] - The company achieved an EPS surprise of +6.8%, with the consensus EPS estimate being $0.52 [1] Key Metrics - Efficiency Ratio was reported at 60%, compared to the estimated 58.9% by analysts [4] - Net Interest Margin stood at 3.6%, slightly above the estimated 3.5% [4] - Average Balance of Total Interest-Earning Assets was $30.03 billion, below the estimated $30.62 billion [4] - Total Non-Interest Income was $69.98 million, exceeding the estimated $69.5 million [4] - Net Interest Income (FTE) was reported at $270.46 million, above the estimated $266.15 million [4] Stock Performance - Shares of Fulton Financial have returned -2.3% over the past month, compared to a -0.4% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

分组1 - Fulton Financial reported quarterly earnings of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.48 per share a year ago, representing an earnings surprise of +6.80% [1] - The company posted revenues of $340.44 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.62%, and an increase from year-ago revenues of $323.93 million [2] - Fulton Financial has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 1.8% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $329 million, and for the current fiscal year, it is $2.05 on revenues of $1.4 billion [7] - The Zacks Industry Rank for Banks - Northeast is in the top 34% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income available to common shareholders for Q4 2025 was $96.4 million, or $0.53 per diluted share, a decrease of $1.5 million from Q3 2025[2] - Operating net income for the year ended December 31, 2025, was $396.8 million, an increase of $68.7 million, or $0.31 per diluted share, compared to 2024[2] - Net income available to common shareholders was $96,408, compared to $66,058 in the previous year, marking a significant increase of 45.9%[14] - Net income for Q4 2025 was $98.97 million, compared to $68.62 million in Q4 2024, representing a year-over-year increase of 44.2%[27] - Operating net income available to common shareholders for the year ended December 31, 2025, was $396.77 million, up from $328.06 million in 2024, reflecting a growth of 20.9%[29] Income and Expenses - Non-interest income decreased by $0.4 million to $70.0 million in Q4 2025 compared to Q3 2025[3] - Non-interest income was reported at $69,980, slightly up from $65,924 year-over-year, indicating a growth of 6.2%[14] - Total non-interest expense for the year ended December 31, 2025, was $791,829,000, a decrease from $819,791,000 in 2024, indicating cost management efforts[18] - Non-interest expense for Q4 2025 was $212.99 million, up from $216.62 million in Q4 2024, reflecting a decrease of 1.2%[29] Asset and Loan Growth - Total net loans increased to $24.1 billion, up $103.4 million from Q3 2025, driven by a $73.4 million increase in consumer loans[9] - Net loans reached $24.14 billion, showing a slight increase from $24.04 billion in the prior quarter[17] - Net loans remained stable at $24,144,884 compared to $24,044,919 in the previous year, showing a slight increase of 0.42%[14] - Net loans charged off for the quarter were $14,347 thousand, compared to $10,929 thousand in the previous quarter, indicating an increase in charge-offs[25] Deposits and Liabilities - Deposits totaled $26.6 billion, an increase of $256.9 million from Q3 2025, primarily due to increases in brokered deposits and noninterest-bearing demand deposits[9] - Total deposits rose to $26.59 billion, up from $26.33 billion in the previous quarter, reflecting a growth of 0.98%[17] - The total liabilities stood at $28.63 billion, a marginal increase from $28.58 billion in the previous quarter[17] Capital and Ratios - The common equity tier 1 capital ratio increased to approximately 11.8% compared to 11.6% in the prior quarter[5] - The common equity Tier 1 capital ratio increased to 11.8%, up from 10.8% year-over-year, reflecting stronger capital position[16] - Tangible common equity to tangible assets ratio improved to 8.52% in Q4 2025, compared to 7.54% in Q4 2024, indicating stronger capital position[27] Efficiency and Returns - The efficiency ratio improved to 60.0%, compared to 58.4% in the same quarter last year, indicating better cost management[16] - The operating return on average assets for Q4 2025 was 1.27%, slightly down from 1.14% in Q4 2024[27] - Cash dividends per share increased to $0.19, up from $0.18 in the previous quarter, showing a commitment to returning value to shareholders[14] Credit Quality - Provision for credit losses was $2.9 million, resulting in an allowance for credit losses of $364.5 million, or 1.51% of total net loans as of December 31, 2025[9] - Non-performing assets were $185.2 million, or 0.58% of total assets, down from $201.0 million, or 0.63% of total assets, in the prior quarter[9] - Non-performing loans to total net loans decreased to 0.76%, down from 0.92% year-over-year, indicating improved asset quality[16] - Total non-performing assets amounted to $185,161 thousand as of December 31, 2025, a decrease from $201,039 thousand in the previous quarter[25]