Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. The consensus estimate for 'Efficiency Ratio' stands at 63.9%. Compared to the current estimate, the company reported 60.1% in the same quarter ...

Does Earnings Surprise History Hold Any Clue? The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $301.7 million, up 8.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.56% higher over the last 30 days to the current level. This is essentially a reflection of how th ...

LANCASTER, Pa., June 18, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Fulton, a more than $30 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New York, New J ...

Amid increasing hopes of rate cuts later this year, bank stocks are in the spotlight. But investors should be careful and invest in fundamentally solid banks. So, today, we are discussing one such stock – Fulton Financial Corporation (FULT) . The lender is in the news these days as it acquired Republic First Bank from the Federal Deposit Insurance Corporation ("FDIC") late last month. Republic First Bank was seized by the U.S. regulators on Apr 26 as it struggled amid a high interest rate regime, which adve ...

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, 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 ...

Shares of Fulton Financial Corporation (FULT) jumped 7.6% following the announcement of the acquisition of substantially all assets and deposits of Republic First Bank (“Republic Bank”) from the Federal Deposit Insurance Corporation (FDIC). The transaction has been successfully completed following the necessary regulatory approvals.Republic Bank was seized by U.S. regulators on Apr 26 as it struggled amid a high interest rate regime. This adversely impacted its balance sheet and market valuation, given its ...

Fulton Financial Corporation (NASDAQ:FULT) Q1 2024 Earnings Conference Call April 17, 2024 10:00 AM ET Company Participants Matt Jozwiak - Director of IR Curtis Myers - Chairman & CEO Betsy Chivinski - SVP & CFO Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Feddie Strickland - Janney Montgomery Andrew Leischner - KBW David Bishop - Hovde Group Manuel Navas - D.A. Davidson Matthew Breese - Stephens Operator Good day, and thank you for standing by. Welcome to the F ...

2 FORWARD-LOOKING STATEMENT A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2023 and other current and period ...

Fulton Financial (FULT) reported $230.36 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.2%. EPS of $0.40 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $268.9 million, representing a surprise of -14.33%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.39.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Fulton Financial (FULT) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.56%. A quarter ago, it was expected that this financial holding company would post earnings of $0.42 per share when it actually produced earnings of $0.42, delivering no surprise.Over the last four quarters, the ...