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Fulton Financial (FULT) - 2024 Q1 - Quarterly Report
2024-05-09 19:35
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 ...
Fulton (FULT) Buys Republic First Bank, Expands in Philadelphia
Zacks Investment Research· 2024-04-30 17:05
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 (FULT) - 2024 Q1 - Earnings Call Transcript
2024-04-17 16:11
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 ...
Fulton Financial (FULT) - 2024 Q1 - Earnings Call Presentation
2024-04-17 16:09
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) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-04-16 23:01
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) Q1 Earnings Surpass Estimates
Zacks Investment Research· 2024-04-16 22:46
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 ...
Fulton Financial (FULT) - 2024 Q1 - Quarterly Results
2024-04-16 20:34
FULTON FINANCIAL CORPORATION (April 16, 2024) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $59.4 million, or $0.36 per diluted share, for the first quarter of 2024, a decrease of $2.3 million, or 3.8%, in comparison to the fourth quarter of 2023. Operating net income available to common shareholders for the three months ended March 31, 2024 (1) was $65.4 million, or $0.40 per diluted share , a decrease o ...
Should You Buy Fulton Financial (FULT) Ahead of Earnings?
Zacks Investment Research· 2024-04-15 17:46
Fulton Financials Corporation (FULT Quick Quote - Investors are always looking for stocks that are poised to beat at earnings season and Free Report ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Fulton Financials is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up ...
Unlocking Q1 Potential of Fulton Financial (FULT): Exploring Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-11 14:20
The upcoming report from Fulton Financial (FULT) is expected to reveal quarterly earnings of $0.39 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $268.9 million, representing a decrease of 1.1% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a com ...
Fulton Financial (FULT) Expected to Beat Earnings Estimates: Should You Buy?
Zacks Investment Research· 2024-04-09 15:06
The market expects Fulton Financial (FULT) to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...