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 ...

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 ...

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 ...

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 ...