Fulton Financial (US:FULT)2026-01-21 21:33Financial Performance - Net income available to common shareholders for Q4 2025 was $96.4 million, or $0.53 per diluted share, a decrease of $1.5 million from Q3 2025[2] - Operating net income for the year ended December 31, 2025, was $396.8 million, an increase of $68.7 million, or $0.31 per diluted share, compared to 2024[2] - Net income available to common shareholders was $96,408, compared to $66,058 in the previous year, marking a significant increase of 45.9%[14] - Net income for Q4 2025 was $98.97 million, compared to $68.62 million in Q4 2024, representing a year-over-year increase of 44.2%[27] - Operating net income available to common shareholders for the year ended December 31, 2025, was $396.77 million, up from $328.06 million in 2024, reflecting a growth of 20.9%[29] Income and Expenses - Non-interest income decreased by $0.4 million to $70.0 million in Q4 2025 compared to Q3 2025[3] - Non-interest income was reported at $69,980, slightly up from $65,924 year-over-year, indicating a growth of 6.2%[14] - Total non-interest expense for the year ended December 31, 2025, was $791,829,000, a decrease from $819,791,000 in 2024, indicating cost management efforts[18] - Non-interest expense for Q4 2025 was $212.99 million, up from $216.62 million in Q4 2024, reflecting a decrease of 1.2%[29] Asset and Loan Growth - Total net loans increased to $24.1 billion, up $103.4 million from Q3 2025, driven by a $73.4 million increase in consumer loans[9] - Net loans reached $24.14 billion, showing a slight increase from $24.04 billion in the prior quarter[17] - Net loans remained stable at $24,144,884 compared to $24,044,919 in the previous year, showing a slight increase of 0.42%[14] - Net loans charged off for the quarter were $14,347 thousand, compared to $10,929 thousand in the previous quarter, indicating an increase in charge-offs[25] Deposits and Liabilities - Deposits totaled $26.6 billion, an increase of $256.9 million from Q3 2025, primarily due to increases in brokered deposits and noninterest-bearing demand deposits[9] - Total deposits rose to $26.59 billion, up from $26.33 billion in the previous quarter, reflecting a growth of 0.98%[17] - The total liabilities stood at $28.63 billion, a marginal increase from $28.58 billion in the previous quarter[17] Capital and Ratios - The common equity tier 1 capital ratio increased to approximately 11.8% compared to 11.6% in the prior quarter[5] - The common equity Tier 1 capital ratio increased to 11.8%, up from 10.8% year-over-year, reflecting stronger capital position[16] - Tangible common equity to tangible assets ratio improved to 8.52% in Q4 2025, compared to 7.54% in Q4 2024, indicating stronger capital position[27] Efficiency and Returns - The efficiency ratio improved to 60.0%, compared to 58.4% in the same quarter last year, indicating better cost management[16] - The operating return on average assets for Q4 2025 was 1.27%, slightly down from 1.14% in Q4 2024[27] - Cash dividends per share increased to $0.19, up from $0.18 in the previous quarter, showing a commitment to returning value to shareholders[14] Credit Quality - Provision for credit losses was $2.9 million, resulting in an allowance for credit losses of $364.5 million, or 1.51% of total net loans as of December 31, 2025[9] - Non-performing assets were $185.2 million, or 0.58% of total assets, down from $201.0 million, or 0.63% of total assets, in the prior quarter[9] - Non-performing loans to total net loans decreased to 0.76%, down from 0.92% year-over-year, indicating improved asset quality[16] - Total non-performing assets amounted to $185,161 thousand as of December 31, 2025, a decrease from $201,039 thousand in the previous quarter[25]