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Fulton Financial (FULT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-07-15 23:01
Core Insights - Fulton Financial reported revenue of $328.46 million for the quarter ended June 2025, reflecting a decrease of 3.2% year-over-year, but exceeded the Zacks Consensus Estimate by 1.56% [1] - The earnings per share (EPS) for the quarter was $0.55, an increase from $0.47 in the same quarter last year, resulting in an EPS surprise of 27.91% compared to the consensus estimate of $0.43 [1] Financial Performance Metrics - Efficiency Ratio stood at 57.1%, better than the average estimate of 62% based on two analysts [4] - Net Interest Margin was reported at 3.5%, slightly above the average estimate of 3.4% [4] - Average Balance of Total Interest-Earning Assets was $29.97 billion, significantly higher than the estimated $16.58 billion [4] - Net charge-offs to average loans were 0.2%, lower than the average estimate of 0.3% [4] - Total Non-Interest Income reached $69.15 million, surpassing the estimated $67.38 million [4] - Net Interest Income (FTE) was $259.31 million, exceeding the average estimate of $254.92 million [4] Stock Performance - Fulton Financial's shares have returned +13.9% over the past month, outperforming the Zacks S&P 500 composite's +5% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Fulton Financial (FULT) Q2 Earnings and Revenues Top Estimates
ZACKS· 2025-07-15 22:41
Fulton Financial (FULT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +27.91%. A quarter ago, it was expected that this financial holding company would post earnings of $0.44 per share when it actually produced earnings of $0.52, delivering a surprise of +18.18%. Over the last four ...
Fulton Financial (FULT) - 2025 Q2 - Quarterly Results
2025-07-15 20:33
FULTON FINANCIAL CORPORATION FOR IMMEDIATE RELEASE Media Contact: Lacey Dean (717) 735-8688 Investor Contact: Matt Jozwiak (717) 327-2657 Fulton Financial Corporation Announces 2025 Second Quarter Results (July 15, 2025) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $96.6 million, or $0.53 per diluted share, for the second quarter of 2025, an increase of $6.2 million, or $0.04 per diluted share, in compar ...
Fulton Financial Corporation Announces 2025 Second Quarter Results
Prnewswire· 2025-07-15 20:30
LANCASTER, Pa., July 15, 2025 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $96.6 million, or $0.53 per diluted share, for the second quarter of 2025, an increase of $6.2 million, or $0.04 per diluted share, in comparison to the first quarter of 2025. Operating net income available to common shareholders for the three months ended June 30, 2025 was $100.6 million(1), or $0.55 per diluted share(1), an increa ...
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 ...
Top Wall Street Forecasters Revamp Fulton Financial Expectations Ahead Of Q2 Earnings
Benzinga· 2025-07-09 09:24
Group 1 - Fulton Financial Corporation is set to release its second-quarter earnings results on July 15, with expected earnings of 45 cents per share, a decrease from 47 cents per share in the same period last year [1] - The company anticipates quarterly revenue of $320.83 million, down from $334.71 million a year earlier [1] - Fulton Financial shares increased by 1.2%, closing at $19.17 [3] Group 2 - On June 17, Fulton Financial declared common and preferred dividends [2] - Analysts have provided various ratings and price target adjustments for Fulton Financial, with Piper Sandler maintaining a Neutral rating and reducing the price target from $22 to $20 [8] - Keefe, Bruyette & Woods maintained a Market Perform rating and lowered the price target from $24 to $21, while Jefferies maintained a Hold rating and cut the price target from $18.5 to $18 [8]
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
Core Insights - Fulton Bank emphasizes its commitment to translating values into tangible benefits for stakeholders, including customers, employees, communities, and shareholders [2][5] Community Engagement - In 2024, Fulton Bank received an "Outstanding" rating in its Community Reinvestment Act performance evaluation, reflecting its efforts to meet the credit needs of low- and moderate-income neighborhoods [3] - The bank made $303 million in community development investments in 2024 [5] - Fulton Bank provided $220 million in mortgage loans to low- to moderate-income buyers from 2023 to 2024 [5] - The bank originated $135 million in Small Business Administration loans from 2023 to 2024 [5] - Fulton Bank contributed $11.7 million in charitable donations during 2023-2024, including $6.5 million to the Fulton Forward Foundation [5] - Employees volunteered over 11,000 hours in 2024 [5] Corporate Responsibility - Fulton Bank focuses on expanding digital capabilities while maintaining personalized service [5] - The bank engages in community volunteering to promote financial literacy and job skills [5] - Fulton Bank is committed to environmental sustainability by minimizing resource consumption and supporting customers' sustainability efforts [5] - The bank fosters a strong corporate culture with professional development opportunities and an inclusive workplace [5] - Responsible governance is a priority, with a focus on risk management, ethical conduct, and fair banking practices [5] Company Overview - Fulton Bank is a premier community bank in the Mid-Atlantic region, part of Fulton Financial Corporation, which has over $30 billion in assets [4] - The bank operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia [4] - Fulton Bank aims to change lives for the better by building strong customer relationships and providing significant community support [4]
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 ...