Fulton Financial

Fulton Financial Corp. is financial holding company, which through its subsidiaries, engages in the provision of consumer and commercial banking products and services. It offers checking account and savings deposit products, certificates of deposit and individual retirement accounts. The company also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in the market areas serviced by the subsidiary banks. The company was founded on February 8, 1982 and is headquartered in Lancaster, PA.

Earnings data Q1 2021

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Earnings data Q4 2024

Fulton Financial achieves record earnings, eyes cost savings and expansion

Fulton Financial delivered strong financial performance in Q4 2022, marked by record operating earnings and robust loan portfolio growth. While facing challenges from rising expenses and credit provisions, the company is strategically positioned to capitalize on opportunities for cost savings and expansion. With a focus on operational efficiency and growth through M&A, Fulton Financial aims to navigate evolving market conditions effectively.

Fulton Financial posts strong Q1 earnings, eyes growth opportunities

Fulton Financial (FULT) delivered strong Q1 2023 performance with earnings of $0.39 per share and robust pre-provision net revenue. The company showcased resilience in its community banking model and balance sheet strength.
While facing challenges like credit charge-downs and funding base fluctuations, Fulton Financial remains focused on optimizing operational efficiency and credit risk management. Opportunities in revenue diversification and capital optimization are key for future growth.
Guidance for 2023 sets a clear path for financial metrics, and strategies to navigate economic changes were well-articulated. Analyst inquiries highlighted a keen interest in the company's financial strategies and risk management practices.

Fulton Financial excels in Q2 2023, eyes M&A opportunities

Fulton Financial delivered a robust performance in Q2 2023, marked by strong earnings, healthy balance sheet, and stable credit metrics.
While facing challenges in expense management and margin sustainability, the company is well-positioned to capitalize on growth opportunities through M&A and asset quality optimization.
By focusing on core deposit growth, fee income diversification, and strategic responses to regulatory guidance, Fulton Financial aims to navigate evolving market conditions effectively.

Fulton Financial reports stable Q3 earnings amidst strategic growth plans

Fulton Financial's Q3 performance showcased stable earnings, strong asset quality, and strategic growth initiatives. Despite challenges like moderating loan growth and expense management focus, the company's focus on deposit growth and credit quality stability are key strengths. Opportunities lie in geographic expansion and network management.

Fulton Financial reports robust 2023 performance amidst economic caution

Fulton Financial's strong 2023 performance was marked by record revenue and solid operating EPS, supported by strategic investments in digital and community impact.
While challenges like weakening credit trends and deposit pricing pressure persist, the company is focused on operational efficiency and growth opportunities.
The company's cautious outlook for 2024 reflects awareness of economic conditions, but they remain proactive in addressing challenges and pursuing strategic initiatives.
Investors and analysts are keen on understanding the company's M&A strategy, NIM expectations, and expense management plans for the upcoming year.

Fulton Financial reports solid Q1 earnings, focuses on growth and transformation

Fulton Financial's Q1 2024 performance reflects a balanced approach to growth, liquidity management, and prudent credit decisions.
The company's strategic initiatives like Fulton First and fee income optimization position it well for future growth and operational efficiency.
Challenges from criticized loans and economic impacts present opportunities for Fulton Financial to adapt and strengthen its position in the market.

Fulton Financial surpasses Q2 earnings expectations, eyes growth opportunities

Fulton Financial delivered impressive Q2 2024 results, exceeding earnings expectations and showcasing strong balance sheet growth and operational efficiency.
While facing challenges in clarifying certain financial aspects, the company's focus on strategic initiatives and revised guidance signal confidence in sustained performance.
Opportunities lie in leveraging operational synergies, market expansion, and transparent communication to drive growth and enhance shareholder value in the evolving financial landscape.

Fulton Financial reports record earnings, eyes growth amid challenges

Fulton Financial delivered strong financial performance in Q3 2024, driven by record operating earnings and strategic initiatives.
While facing challenges such as increased nonperforming loans and expense management, the bank remains focused on growth opportunities.
With a solid capital strategy, prudent cost management, and a focus on customer relationships, Fulton Financial is poised for continued success.
The bank's emphasis on efficiency improvements and growth through acquisitions positions it well for future expansion and profitability.

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LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Bank released its 2023 Corporate Social Responsibility Report with stories and data about how the bank works to build value for stakeholders.

Fulton Bank Releases 2023 Corporate Social Responsibility Report

The acquisition of Republic First Bank, robust loans and deposit balance, high rates and solid balance sheet make Fulton (FULT) stock worth investing in.

Republic First Deal & Other Reasons to Buy Fulton (FULT)

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Bank announced a partnership with Rider University to provide a banking program for its students, faculty, staff and alumni.

Fulton Bank Partners With Rider University on Banking Program for Students, Faculty & Alumni

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced the closing of its public offering of 19,166,667 shares of its common stock (the “common stock”), at a price to the public of $15 per share, which included 2,500,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were $287.5 million. Piper Sandler and BofA Securities.

Fulton Financial Announces Closing of $287.5 Million Offering of Common Stock

Ecopetrol

Western Union

EC, WU and FULT made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 1, 2023.

Best Income Stocks to Buy for May 1st

Fulton (FULT) acquires Republic First Bank from FDIC to enhance its footprint in the Philadelphia region. The company initiates a common stock offering to fund future strategic plans.

Fulton (FULT) Buys Republic First Bank, Expands in Philadelphia

First Republic Bank

Fulton Financial (FULT) shares surged Monday after the bank said it acquired the debt and deposits of Philadelphia-based Republic First Bank following the first bank failure of 2024. Republic First Bank was seized by regulators Friday after a deal for $35 million in funding reportedly fell apart earlier this year.

What You Need To Know About the First US Bank Failure of 2024

Republic First Bancorp

Fulton Financial Corp shares staged an 8.5% rally on Monday after taking control of deposits and assets formerly belonging to regional bank Republic First. US regulators on Friday seized Republic First's $10 billion worth of deposits and assets and FDIC was appointed as its receiver following a prolonged liquidity crunch.

Fulton Financial reaps rewards of Republic First takeover

Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.

Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) today announced the pricing of its public offering.

Fulton Financial Announces Pricing of $250 Million Offering of Common Stock

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) today announced that it commenced an underwritten public offering of shares of its common stock.

Fulton Financial Announces Launch of Common Stock Offering

First Bank

Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.

Fulton Financial jumps after buying failed Republic First Bank's deposits, assets

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26).

Republic First Sold to Fulton in Latest Regional Bank Failure

Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.

Republic First Bank Seized, Sold To Fulton Financial

LANCASTER, Pa. & PHILADELPHIA--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A. (“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”). All regulatory approvals, including approval from the Office of the Comptroller of the C.

Fulton Financial Corporation Acquires Substantially All of the Assets and Assumes Substantially All of the Deposits of Republic First Bank From the FDIC

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.

Fulton Financial Corporation (FULT) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Fulton Financial (FULT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fulton Financial (FULT) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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.

Fulton Financial (FULT) Q1 Earnings Surpass Estimates

LANCASTER, Pa.--(BUSINESS WIRE)--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 was $65.4 million, or $0.40 per diluted share(1), a decrease of $3.5 million, or 5.

Fulton Financial Corporation Announces First Quarter 2024 Results

Fulton Financial (FULT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Fulton Financial (FULT) Ahead of Earnings?

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), today announced two $3,000 scholarship opportunities for local women studying in science, technology, engineering, or mathematics (STEM) fields. The funds for the scholarships were raised by Fulton Bank, N.A.'s employee resource group, Women in Technology. Applicants must meet all eligibility requirements and demonstrate academic excellence. Individuals who meet the following eligibi.

Fulton Bank, N.A. Accepting Applications for Two $3,000 Scholarships

Beyond analysts' top -and-bottom-line estimates for Fulton Financial (FULT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Unlocking Q1 Potential of Fulton Financial (FULT): Exploring Wall Street Estimates for Key Metrics

Fulton Financial (FULT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fulton Financial (FULT) Expected to Beat Earnings Estimates: Should You Buy?

LANCASTER, Pa.--(BUSINESS WIRE)--First paragraph, first sentence of release should read: Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its first quarter 2024 earnings release and accompanying charts on Tuesday, April 16, at approximately 4:30 p.m. Eastern Time. (Instead of Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its fourth quarter 2023 earnings release and accompanying charts on Tuesday, Apri.

CORRECTING and REPLACING Fulton Financial Corporation Announces Dates for First Quarter 2024 Earnings Release and Webcast

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its fourth quarter 2023 earnings release and accompanying charts on Tuesday, April 16, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, April 17, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Betsy Chivinski, Senior Executive Vice President and Interim CFO. The.

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