Fulton Financial (FULT)

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Unveiling Fulton Financial (FULT) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-07-10 14:16
Analysts on Wall Street project that Fulton Financial (FULT) will announce quarterly earnings of $0.43 per share in its forthcoming report, representing a decline of 8.5% year over year. Revenues are projected to reach $323.4 million, declining 4.7% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estim ...
Are You Looking for a Top Momentum Pick? Why Fulton Financial (FULT) is a Great Choice
ZACKS· 2025-07-03 17:06
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Fulton Financial Corporation Announces Dates for Second Quarter 2025 Earnings Release and Webcast
Prnewswire· 2025-07-01 18:00
LANCASTER, Pa., July 1, 2025 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its second quarter 2025 earnings release and accompanying charts on Tuesday, July 15, at approximately 4:30 p.m. Eastern Time.Fulton will host a conference call with analysts on Wednesday, July 16, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO.The link to the web ...
FULTON BANK RELEASES 2024 CORPORATE SOCIAL RESPONSIBILITY REPORT
Prnewswire· 2025-06-10 14:59
"From Values to Value" highlights how Fulton serves its stakeholdersLANCASTER, Pa., June 10, 2025 /PRNewswire/ -- Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), has released its 2024 Corporate Social Responsibility Report, highlighting how the bank's commitment to its values translates into value for stakeholders."Our purpose is to change lives for the better," said Curt Myers, Chairman and Chief Executive Officer of Fulton Bank. "We do that by working together to serve all our st ...
FULTON BANK PROMOTES ANDY FIOL TO CHIEF BANKING OFFICER AND JOBETH MAURIELLO TO HEAD OF CONSUMER & BUSINESS BANKING
Prnewswire· 2025-05-22 17:00
LANCASTER, Pa., May 22, 2025 /PRNewswire/ -- Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), today announced that it has named Andy Fiol as Chief Banking Officer and JoBeth Mauriello as Head of Consumer & Business Banking, replacing Fiol in his current position, effective June 1, 2025. Fiol Mauriello "One of our strategic priorities is to accelerate our organic growth, and I can think of no one better to lead that charge as our Chief Banking Officer than Andy," said Chairman ...
Fulton Financial (FULT) - 2025 Q1 - Quarterly Report
2025-05-09 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39680 FULTON FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23-2195389 (State or other ...
FULTON BANK, N.A. ACCEPTING APPLICATIONS FOR TWO $2,000 SCHOLARSHIPS
Prnewswire· 2025-04-18 15:00
Group 1 - Fulton Bank, N.A. announced two $2,000 scholarship opportunities for local students in STEM fields [1] - The scholarships were funded by the Women in Technology employee resource group [1][5] - Completed applications must be submitted by May 9, 2025, with recipients notified by May 30, 2025 [3] Group 2 - Eligibility requirements include being a high school senior and planning to major in STEM [7] - The Women in Technology Employee Resource Group aims to inspire and connect women in technology [5] - Fulton Bank, N.A. is a community bank with over $30 billion in assets and operates more than 200 financial centers [6]
Fulton Financial (FULT) - 2025 Q1 - Earnings Call Presentation
2025-04-16 18:43
FIRST QUARTER 2025 RESULTS NASDAQ: FULT Data as of or for the period ended March 31, 2025 unless otherwise noted This presentation may contain forward-looking statements with respect to Fulton Financial Corporation's (the "Corporation" or "Fulton") financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," ...
Fulton Financial (FULT) - 2025 Q1 - Earnings Call Transcript
2025-04-16 14:00
Fulton Financial Corporation (FULT) Q1 2025 Earnings Conference Call April 16, 2025 10:00 AM ET Company Participants Operator - Conference Call OperatorMatt Joswak - Director of Investor RelationsKurt Myers - Chairman and Chief Executive OfficerRick Kramer - Chief Financial OfficerModerator - Conference Call ModeratorAngela - KBW Representative (asking on behalf of Chris McGrady) Conference Call Participants Frank Chiraldi - Piper Sandler AnalystDaniel Tamayo - Raymond James AnalystManuel Navas - DA Davidso ...
Fulton Financial (FULT) - 2025 Q1 - Earnings Call Transcript
2025-04-16 18:42
Financial Data and Key Metrics Changes - Operating earnings per share increased to 52 cents, a four cent increase from the previous quarter, indicating positive operating leverage and a strong balance sheet [11] - The quarterly operating efficiency ratio improved to 56.7%, operating return on assets rose to 1.25%, and operating return on average tangible common equity grew to 15.95% [11] - Tangible book value per share increased by 13.8% on an annualized basis [12] Business Line Data and Key Metrics Changes - Customer deposit growth was solid, with total deposits increasing by $200 million or 3%, driven by strong growth in interest-bearing money market products [21] - Total loans declined by $182 million during the quarter, influenced by strategic portfolio management actions [22] - Commercial mortgage and residential mortgage loans showed growth, offsetting some declines in other areas [22] Market Data and Key Metrics Changes - The net interest margin increased by two basis points to 3.43%, while net interest income on a non-FTE basis was $251 million, a decrease of $2.5 million from the previous quarter [24] - The average cost of total deposits decreased by 11 basis points to 2.03% [25] Company Strategy and Development Direction - The company continues to execute its strategic transformation through the implementation of Fulton First, focusing on talent alignment, reinvestment for growth, and operational simplification [13] - Loan growth is expected to be in the low single-digit range for the year due to strategic decisions and the current environment [17] Management's Comments on Operating Environment and Future Outlook - Management remains cautious regarding credit quality as customers navigate a volatile environment, despite improvements in asset quality metrics [18] - The company updated its rate forecast to include four 25 basis point cuts in 2025, which may impact net interest income and non-interest income [32] Other Important Information - The allowance for credit losses to total loans ratio increased to 159%, and the ACL to non-performing loan coverage increased to 193% [30] - The company expects to incur up to $14 million of additional non-operating expenses related to Fulton First for the remainder of 2025 [29] Q&A Session Summary Question: Can you talk more about loan growth and strategic offsets? - Management noted that overall pipelines have increased year over year, but they remain cautious about the pull-through rate due to macro uncertainties [38] Question: What is the impact of potential rate cuts on net interest income? - A 25 basis point cut is expected to be a headwind of about $1.7 million annually [44] Question: How is the credit portfolio being managed in light of tariffs? - Management is closely monitoring the credit portfolio for potential impacts from tariffs and government cost-cutting, particularly in the agricultural and manufacturing sectors [50][54] Question: What is the company's stance on resuming stock buybacks? - The capital strategy prioritizes organic growth and corporate initiatives before considering buybacks, especially in the current environment with limited growth opportunities [65] Question: How flexible is the operating expense guidance under different scenarios? - There is potential flexibility in timing for operating expenses, but management is comfortable with the midpoint of the expense range for now [73]