Fulton Financial (US:FULT) ZACKS·2025-04-15 23:01Core Insights - Fulton Financial (FULT) reported a revenue of $322.76 million for the quarter ended March 2025, marking a 40.1% increase year-over-year [1] - The earnings per share (EPS) was $0.52, up from $0.40 in the same quarter last year, exceeding the consensus EPS estimate of $0.44 by 18.18% [1] Financial Performance Metrics - The reported revenue surpassed the Zacks Consensus Estimate of $317.9 million, resulting in a surprise of +1.53% [1] - The efficiency ratio was 56.7%, better than the estimated 61.2% by analysts [4] - The net interest margin stood at 3.4%, matching the average estimate [4] - Average balance of total interest-earning assets was $30 billion, slightly below the estimated $30.20 billion [4] - Net charge-offs to average loans were 0.2%, aligning with the average estimate [4] - Net interest income (FTE) was reported at $255.53 million, exceeding the estimated $251.27 million [4] - Total non-interest income reached $67.23 million, slightly above the average estimate of $66.87 million [4] Segment Performance - Non-interest income from total consumer banking was $13.07 million, below the estimated $13.66 million [4] - Mortgage banking generated $3.14 million, surpassing the estimated $3.01 million [4] - Wealth management reported $21.79 million, slightly below the average estimate of $22.11 million [4] - Non-interest income from total commercial banking was $21.33 million, below the estimated $21.84 million [4] - Non-interest income from other sources was $7.91 million, significantly above the average estimate of $5.28 million [4] Stock Performance - Fulton Financial's shares have returned -14% over the past month, compared to the Zacks S&P 500 composite's -3.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]