Fulton Financial (FULT)
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Why Fulton Financial (FULT) is a Great Dividend Stock Right Now
ZACKS· 2024-09-30 16:51
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. 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 divide ...
Fulton Financial Plans to Cut Jobs Post Failed Republic Bank Buyout
ZACKS· 2024-09-03 14:12
Following the acquisition of the failed Republic First Bank ("Republic Bank") this April, Fulton Financial Corporation (FULT) decides to lay off 111 jobs in its Mount Laurel, NJ-based location as part of its effort to eliminate redundant roles. Per a notice filed with the state's Department of Labor & Workforce Development, the cuts will take effect between Nov. 11 and Dec. 27. FULT has decided to redesign some of the dropped roles into new ones and retain some staff whose roles have been cut. Steve Trapnel ...
Fulton Financial (FULT) - 2024 Q2 - Quarterly Report
2024-08-08 20:38
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 June 30, 2024, 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 FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER DESIGNEE
Prnewswire· 2024-07-23 20:30
LANCASTER, Pa., July 23, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ: FULT) today announced that Richard Kraemer is joining Fulton as Senior Executive Vice President and Chief Financial Officer Designee. In the fourth quarter of 2024, Rick will become Fulton's Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who will retire from Fulton at the end of the year. Kraemer has more than 20 years in the financial services industry, having most recently served as Chie ...
Fulton Financial (FULT) - 2024 Q2 - Earnings Call Presentation
2024-07-17 21:59
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------|-------|-------|-------|----------------------|-------|-------|-------|-------|-------|-------|--------------| | | | | | | | | | | | | | | | | SECOND | | | | RESULTS NASDAQ: FULT | | | | | | | QUARTER 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | FORWARD-LOOKING STATEMENT This presentation may contain forward-looking statements with respec ...
Fulton Financial (FULT) - 2024 Q2 - Earnings Call Transcript
2024-07-17 21:59
Fulton Financial Corporation (NASDAQ:FULT) Q2 2024 Earnings Conference Call July 17, 2024 10:00 AM ET Company Participants Matt Jozwiak - Director of IR Curtis Myers - Chairman & CEO Betsy Chivinski - SVP & CFO Conference Call Participants Daniel Tamayo - Raymond James Frank Schiraldi - Piper Sandler Chris McGratty - KBW David Bishop - Hovde Group Manuel Navas - D.A. Davidson David Mirochnick - Stephens Operator Good day, and thank you for standing by. Welcome to the Second Quarter Fulton Financial Results ...
Fulton Financial Corporation Announces Second Quarter 2024 Results
Prnewswire· 2024-07-17 00:43
LANCASTER, Pa., July 16, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.4 million, or $0.52 per diluted share, for the second quarter of 2024, an increase of $33.0 million, or $0.16 per share, in comparison to the first quarter of 2024. Operating net income available to common shareholders for the three months ended June 30, 2024 was $82.5 million, or $0.47 per diluted share(1), an increase of $17.1 ...
Fulton Financial (FULT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-16 23:31
The reported revenue represents a surprise of +12.45% over the Zacks Consensus Estimate of $301.7 million. With the consensus EPS estimate being $0.25, the EPS surprise was +88.00%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Efficiency Ratio: 62.6% compared to the 63.9% average estimate based on four analysts. Net Interest Margi ...
Fulton Financial (FULT) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-16 23:21
This quarterly report represents an earnings surprise of 88%. A quarter ago, it was expected that this financial holding company would post earnings of $0.39 per share when it actually produced earnings of $0.40, delivering a surprise of 2.56%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Fulton Financial has underperformed the market so far this yea ...
Fulton Financial (FULT) - 2024 Q2 - Quarterly Results
2024-07-16 21:02
Exhibit 99.1 FOR IMMEDIATE RELEASE Media Contact: Lacey Dean (717) 735-8688 Investor Contact: Matt Jozwiak (717) 327-2657 (July 16, 2024) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.4 million, or $0.52 per diluted share, for the second quarter of 2024, an increase of $33.0 million, or $0.16 per share, in comparison to the first quarter of 2024. Operating net income available to common shareholders f ...