Fulton Financial (US:FULT)2025-10-22 14:00Financial Performance Highlights - Net income available to common shareholders was $97.9 million in 3Q25[9], compared to $96.6 million in 2Q25[9] - Operating net income available to common shareholders reached a record of $101.3 million, or $0.55 per diluted share in 3Q25[9, 11] - The return on average assets (ROAA) was 1.25% in 3Q25, consistent with 2Q25[9, 12] - The operating return on average tangible common equity was 15.79% in 3Q25, compared to 16.26% in 2Q25[9, 12] - The efficiency ratio was 56.5% in 3Q25, improving from 57.1% in 2Q25[9, 12] Income Statement Summary - Net interest income was $264.2 million in 3Q25, an increase of $9.3 million compared to 2Q25[12] - Non-interest income before investment securities gains (losses) was $70.4 million in 3Q25, up $1.3 million from 2Q25[12] - Total non-interest expense was $196.6 million in 3Q25, an increase of $3.8 million compared to 2Q25[12] Net Interest Income and Margin - Net interest margin (NIM) was 3.57% in 3Q25, increasing by 10 basis points compared to 2Q25[21] - Loan yield was 5.93% in 3Q25, an increase of 7 basis points compared to 2Q25[21] - Total cost of deposits was 1.96% in 3Q25, a decrease of 2 basis points compared to 2Q25[21] Balance Sheet and Capital - Tangible capital increased by $90 million linked quarter, net of share repurchases[40] - Accumulated other comprehensive income (AOCI) ended the quarter at ($228) million[40] - $85.6 million remaining share repurchase authorization in place through December 31, 2025[40] 2025 Operating Guidance - Non-FTE Net Interest Income (NII) is expected to be in the range of $1.025 - $1.035 billion[41] - Provision for Credit Losses is expected to be in the range of $45 - $55 million[41] - Non-Interest Income is expected to be in the range of $270 - $280 million[41] - Operating Non-Interest Expense is expected to be in the range of $750 - $760 million[41]