LANCASTER, Pa., April 15, 2025 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $90.4 million, or $0.49 per diluted share, for the first quarter of 2025, an increase of $24.4 million, or $0.13 per share, in comparison to the fourth quarter of 2024. Operating net income available to common shareholders for the three months ended March 31, 2025 was $95.5 million, or $0.52 per diluted share(1), an increase of $6. ...

Fulton Financial (FULT) shares ended the last trading session 6.9% higher at $16.27. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.7% loss over the past four weeks.Fulton Financial stock surged during a broad market rally, driven by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. This news boosted investor confidence, triggering a sharp rise in FULT shares.This finan ...

Wall Street analysts expect Fulton Financial (FULT) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year increase of 10%. Revenues are expected to be $317.9 million, up 38% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this time ...

Media Contact: Rachel Sharkey (717) 291-2831 Investor Contact: Matt Jozwiak (717) 327-2657 LANCASTER, Pa., April 1, 2025 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its first quarter 2025 earnings release and accompanying charts on Tuesday, April 15, at approximately 4:30 p.m. Eastern Time. SOURCE Fulton Financial Corporation The link to the webcast of this call can be found at https://investor.fultonbank.com. Participants can also access th ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend ...

Acquisition and Mergers - The Corporation completed the acquisition of Prudential Bancorp on July 1, 2022, with Prudential Bank merging into Fulton Bank on November 5, 2022[19]. - The Corporation has elected to utilize the CECL Transition Rule, allowing a five-year transition period to phase in the impact of the CECL standard on regulatory capital[65]. - The FDIC, OCC, and DOJ announced new rules impacting bank merger review processes on September 17, 2024[98]. - The OCC's final rule modifies procedures for reviewing bank merger applications, eliminating expedited reviews and streamlining application processes[99]. Financial Performance - FTE net interest income for 2024 was $978.2 million, an increase of $106.1 million from $872.1 million in 2023[240]. - Average net loans increased by $2.2 billion, or 10.6%, in 2024 compared to 2023, primarily due to $2.4 billion of total loans acquired in the Republic First Transaction[248]. - Total non-interest income grew by $48.1 million, or 21.1%, to $275.7 million in 2024, with significant contributions from wealth management and consumer banking[255]. - Total non-interest expense rose by $140.6 million, or 20.7%, to $819.8 million in 2024, influenced by costs from the Republic First Transaction[258]. - The effective tax rate (ETR) decreased to 16.2% in 2024 from 18.5% in 2023, primarily due to lower ETR impacts from tax-exempt interest income[259]. Capital and Liquidity - As of December 31, 2024, Fulton Bank's capital ratios were above the minimum levels required to be considered "well capitalized" by the OCC, with a total risk-based capital ratio of 10.00% or greater[66]. - The Corporation's Total Risk-Based Capital ratio was 14.3%, exceeding the regulatory minimum of 8.0%[316]. - The Corporation's Common Equity Tier I capital ratio was 10.8%, above the minimum requirement of 4.5%[316]. - The Tier I Leverage Capital ratio stood at 9.0%, meeting the minimum requirement of 4.0%[316]. - The Corporation maintained a capital conservation buffer of 2.50% above the minimum risk-based capital requirements[313]. Regulatory Environment - The company operates under stringent regulations enforced by federal and state agencies, impacting operational costs and permissible activities[39]. - The Economic Growth Act raised the total asset threshold for mandatory applicability of enhanced prudential standards for bank holding companies to $250 billion[46]. - The company is subject to the CFPB's supervisory and enforcement authorities due to having total assets exceeding $10 billion[52]. - The company is subject to Basel III Rules for capital and liquidity regulation, applying the standardized approach in measuring RWA and regulatory capital[56]. Risk Management - The cybersecurity threat environment is dynamic, requiring continuous monitoring and employee training to mitigate risks[33]. - The Corporation identified heightened risks in the office and multi-family commercial mortgage loan portfolios and moderated new loan originations accordingly[282]. - Non-accrual loans rose by $67.7 million, or 55.6%, during 2024, with non-accrual loans as a percentage of net loans increasing to 0.79% from 0.57% in 2023[289]. - The allowance for credit losses (ACL) at the end of the period was $379.2 million, representing an increase from $293.4 million in 2023, driven by a $23.4 million CECL Day 1 Provision related to the Republic First Transaction[300]. Employee Engagement and Culture - The Corporation's employee engagement program includes annual surveys to assess morale and identify areas for improvement[27]. - The Corporation's culture-shaping program, The Fulton Experience, aims to enhance collaboration and individual roles within the organization[28]. - The Corporation provides a comprehensive Total Rewards program, including competitive salaries and performance-based incentives[29]. Deposits and Loans - Total deposits increased by $4.6 billion, or 21.3%, from $21.5 billion in 2023 to $26.1 billion in 2024[276]. - Average total deposits increased by $3.4 billion, or 16.0%, to $24.5 billion in 2024 compared to 2023, primarily due to the Republic First Transaction[249]. - The total outstanding balance of the commercial mortgage multi-family non-owner occupied loan portfolio increased to $1,543.9 million as of December 31, 2024, up from $1,147.6 million in 2023, reflecting a 34.5% growth[288]. Shareholder Information - The company's common stock is traded on the Nasdaq Global Select Market under the ticker symbol "FULT," with approximately 182 million shares outstanding as of December 31, 2024[38]. - Total shareholders' equity increased by $437.2 million, or 15.8%, to $3.2 billion as of December 31, 2024[311]. - The Corporation raised $272.6 million from a public offering of 19,166,667 shares at $15.00 per share, contributing to the increase in equity[311].

Company Overview - Fulton Financial (FULT) is headquartered in Lancaster and has experienced a price change of 7.05% this year [3] - The company currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3.49%, which is higher than the Banks - Northeast industry's yield of 2.51% and the S&P 500's yield of 1.54% [3] Dividend Performance - Fulton Financial's annualized dividend of $0.72 has increased by 4.3% from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 7.12% [4] - The current payout ratio is 39%, indicating that the company pays out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Fulton Financial's earnings in 2025 is $1.91 per share, reflecting a year-over-year earnings growth rate of 3.24% [5] Investment Appeal - Fulton Financial is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]

Group 1 - Fulton Financial Corporation (NASDAQ: FULT) was downgraded after a 29% surge since the previous 'buy' rating [1] - The focus of Crude Value Insights is on cash flow and companies that generate it, leading to value and growth prospects [1] Group 2 - Subscribers have access to a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [2] - The service includes live chat discussions about the oil and gas sector [2]

Core Viewpoint - Fulton Financial (FULT) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Recent Performance and Projections - For the fiscal year ending December 2025, Fulton Financial is expected to earn $1.91 per share, reflecting a 3.2% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Fulton Financial has risen by 8.1%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - Fulton Financial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Viewpoint - Fulton Financial (FULT) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Fulton Financial's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, earnings are projected at $0.44 per share, representing a 10% increase from the previous year, with a 5.24% rise in consensus estimates over the last 30 days [4]. - For the full year, earnings are expected to be $1.89 per share, a 2.16% increase from the prior year, with a 6.07% increase in consensus estimates and five upward revisions in the past month [5]. Zacks Rank and Performance - Fulton Financial has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential outperformance compared to the S&P 500 [6]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500 [6]. Stock Performance - Fulton Financial shares have increased by 6% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7].