Core Insights - Fulton Financial Corporation reported a net income of $66.1 million, or $0.36 per diluted share, for Q4 2024, marking an increase of $5.4 million or $0.03 per share compared to Q3 2024 [1] - The operating net income for the year ended December 31, 2024, was $328.1 million, an increase of $43.1 million or $0.14 per diluted share compared to the previous year [1][2] - The company achieved record operating diluted earnings per share of $1.85 for 2024, representing an 8% increase over the prior year [2] Financial Performance - Q4 2024 operating results showed earnings of $0.48 per diluted share, a decrease of $2.4 million or $0.02 per share compared to Q3 2024 [1][2] - Net interest income for Q4 2024 totaled $253.7 million, a decrease of $4.4 million from the previous quarter, primarily due to a decline in short-term interest rates [8] - Non-interest income before investment securities gains was $65.9 million, an increase from $59.7 million in the prior quarter, driven by a $5.0 million change in the gain on acquisition [8] Balance Sheet Highlights - Total assets as of December 31, 2024, were $32.1 billion, a slight decrease from $32.2 billion at the end of Q3 2024 [15] - Net loans totaled $24.0 billion, down $131.2 million from the previous quarter, with a net decrease in commercial and other loans of $168.1 million [8][15] - Deposits amounted to $26.1 billion, a decrease of $22.7 million compared to Q3 2024, primarily due to a reduction in time deposits [8][15] Asset Quality and Capital Ratios - The provision for credit losses in Q4 2024 was $16.7 million, resulting in an allowance for credit losses of $379.2 million, or 1.58% of total net loans [8][13] - Non-performing assets were $222.7 million, or 0.69% of total assets, an increase from $205.0 million or 0.64% in the prior quarter [8][13] - The common equity tier 1 capital ratio increased to approximately 10.6% compared to 10.5% in the prior quarter [8][12]

In its upcoming report, Fulton Financial (FULT) is predicted by Wall Street analysts to post quarterly earnings of $0.42 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $322.8 million, representing a year-over-year increase of 17%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead ...

Company Release – 01/07/2025 11:00 AM ET LANCASTER, Pa., Jan. 7, 2025 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its fourth quarter 2024 earnings release and accompanying charts on Tuesday, January 21, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, January 22, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Rick Kraemer, Senior Exec ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Fulton Financial (FULT) , which belongs to the Zacks Banks - Northeast industry, could be a great candidate to consider.When looking at the last two reports, this financial holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 50.82%, on average, in the last two quarters.For the most recent q ...

Fulton Financial Corporation (FULT) announced a sequential dividend hike. The company declared a quarterly cash dividend of 18 cents per share, indicating a rise of 5.9% from the prior payout. The dividend will be paid out on Jan. 15, 2025, to its shareholders of record as of Dec. 31, 2024.Prior to the current hike, the company increased its dividend by 6.3% to 17 cents per share in December 2023. FULT raised its quarterly dividend eight times in the last five years. Further, it has a five-year annualized d ...

Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.18 per share on common stock, payable on January 15, 2025, to shareholders of record as of December 31, 2024 [1] - This represents a $0.01 per share increase from the previous quarterly cash dividend declared on September 17, 2024 [1] - The Board also declared a quarterly dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on January 15, 2025 [3] Share Repurchase Program - The Board approved a share repurchase program (2025 Program) with an aggregate principal amount not exceeding $125 million, commencing on January 1, 2025, and expiring on December 31, 2025 [4] - Up to $25 million of the 2025 Program may be used to repurchase shares of Fulton's Preferred Stock [4] - Purchases may be made through open market transactions, privately negotiated transactions, or other means in accordance with federal securities laws [4] Company Overview - Fulton Financial Corporation is a Lancaster, Pennsylvania-based financial holding company with over $30 billion in assets [5] - The company employs more than 3,400 people and operates over 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank, N.A. [5] Management Commentary - The Chairman and CEO stated that the 6% increase in the common dividend demonstrates the company's continued strength, momentum, and commitment to returning value to shareholders [2]

Fulton Financial Corporation (NASDAQ: FULT ) was founded in 1882 in Lancaster, Pennsylvania. It has considerable influence in this city; in fact, it has a 29% market share of deposits. Overall, Pennsylvania is a key state for FULT, and the acquisition ofHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally c ...

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 September 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 o ...

LANCASTER, Pa., Nov. 1, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ: FULT) today announced that Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who is retiring from Fulton at the end of the year."I would like to thank Betsy Chivinski for her many years of service to Fulton," said Chairman and Chief Executive Officer Curt Myers. "As Interim CFO, Betsy helped lead the Republic Bank transa ...

Fulton Financial Corporation (NASDAQ:FULT) Q3 2024 Earnings Conference Call October 16, 2024 10:00 AM ET Company Participants Matt Jozwiak - Director of IR Curtis Myers - Chairman & CEO Richard Kraemer - Senior EVP and CFO Designee Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James David Bishop - Hovde Group Manuel Navas - D.A. Davidson Chris McGratty - KBW Matthew Breese - Stephens Operator Good day, and thank you for standing by. Welcome to the Fulton Financial Thir ...