Fulton Financial (NASDAQ:FULT – Get Free Report) and Magyar Bancorp (NASDAQ:MGYR – Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, earnings, risk and analyst recommendations.
Valuation and Earnings This table compares Fulton Financial and Magyar Bancorp”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Fulton Financial $1.89 billion 2.48 $391.61 million $2.09 11.76 Magyar Bancorp $37.77 million 3.13 $9.76 million $1.87 9.78 Fulton Financial has higher revenue and earnings than Magyar Bancorp. Magyar Bancorp is trading at a lower price-to-earnings ratio than Fulton Financial, indicating that it is currently the more affordable of the two stocks.
Institutional & Insider Ownership 72.0% of Fulton Financial shares are held by institutional investors. Comparatively, 46.3% of Magyar Bancorp shares are held by institutional investors. 0.0% of Fulton Financial shares are held by insiders. Comparatively, 11.1% of Magyar Bancorp shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Analyst Recommendations This is a breakdown of current recommendations for Fulton Financial and Magyar Bancorp, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Fulton Financial 0 4 2 0 2.33 Magyar Bancorp 0 1 0 0 2.00 Fulton Financial currently has a consensus price target of $23.50, suggesting a potential downside of 4.35%. Given Fulton Financial’s stronger consensus rating and higher probable upside, research analysts plainly believe Fulton Financial is more favorable than Magyar Bancorp.
Dividends Fulton Financial pays an annual dividend of $0.76 per share and has a dividend yield of 3.1%. Magyar Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 2.2%. Fulton Financial pays out 36.4% of its earnings in the form of a dividend. Magyar Bancorp pays out 21.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Fulton Financial has raised its dividend for 4 consecutive years and Magyar Bancorp has raised its dividend for 3 consecutive years. Fulton Financial is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Volatility and Risk Fulton Financial has a beta of 0.79, meaning that its share price is 21% less volatile than the S&P 500. Comparatively, Magyar Bancorp has a beta of 0.22, meaning that its share price is 78% less volatile than the S&P 500.
Profitability This table compares Fulton Financial and Magyar Bancorp’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Fulton Financial 20.63% 12.50% 1.30% Magyar Bancorp 18.89% 9.69% 1.14% Summary Fulton Financial beats Magyar Bancorp on 14 of the 17 factors compared between the two stocks.
About Fulton Financial (Get Free Report)
Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company offers consumer loans products, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns trust preferred securities; and sells various life insurance products. It provides its products and services through financial center offices, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
About Magyar Bancorp (Get Free Report)
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBrokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $1.80
NEXT HEADLINE »International Business Machines Corporation (NYSE:IBM) Receives $278.68 Average Price Target from Analysts
Fulton Financial NASDAQ: FULT reported record operating earnings for the second quarter of 2026, with management citing higher net interest income, expanded fee revenue, stronger capital levels and the completed acquisition of Blue Foundry as key contributors to the quarter.
Chairman, Chief Executive Officer and President Curt Myers said the company delivered “continued strong performance” in the quarter ended June 30, pointing to solid growth, favorable overall credit performance and progress on strategic initiatives. The company completed the Blue Foundry acquisition on April 1 and later completed the merger and integration of Blue Foundry Bank on July 11.
Get Fulton Financial alerts:
“This transaction advances our strategy by expanding our presence in Northern New Jersey, enhancing our community banking model, and increasing our ability to serve customers in an attractive and growing market,” Myers said.
Operating Earnings Reach Record Level Chief Financial Officer Rick Kraemer said net income available to common shareholders was $99.9 million, or $0.52 per diluted share. Operating earnings were $115.9 million, or $0.60 per diluted share, compared with $0.55 per diluted share in the first quarter.
Myers said operating earnings on average tangible common equity improved to 15.71%, while operating return on average assets rose to 1.39%. Tangible book value per share increased 13% on a linked-quarter annualized basis.
Net interest income rose $22.2 million, or about 8% from the prior quarter, to $284.3 million. Kraemer said most of that increase came from Blue Foundry, which contributed approximately $17.5 million during the period. Total loan interest income increased $32.6 million, reflecting both acquisition-related growth and higher average balances.
Fulton’s net interest margin expanded to 3.60%, up 2 basis points from the first quarter and 13 basis points from the year-earlier period. Kraemer said the second-quarter margin was reduced by 1 basis point because the company carried overlapping subordinated debt expense for part of the period.
Blue Foundry Adds Loans and Deposits Ending loans totaled $25.9 billion, up $1.7 billion from March 31. Kraemer said approximately $1.6 billion of the increase came from acquired Blue Foundry balances, while organic loan growth was about $103 million. Consumer-related lending, including residential mortgage and home equity production, showed strength, while commercial loan balances declined modestly.
Deposits increased $1.5 billion during the quarter to $28.3 billion, mostly due to the Blue Foundry acquisition. Myers said organic deposit trends were in line with seasonal expectations and that deposit competition in Fulton’s markets was consistent with recent quarters.
During the question-and-answer session, Myers said Fulton remains focused on relationship-based deposit gathering and benefits from a diversified deposit base. Kraemer said deposit costs at quarter-end were about 2 basis points higher than the quarterly average and that a similar trend could continue into the third quarter. He also noted that municipal deposits typically reach a low point in the second quarter and can improve in the third quarter.
Asked about Blue Foundry’s funding profile, Kraemer said Fulton had reduced brokered deposits on a combined basis during the quarter and had paid off most of Blue Foundry’s wholesale funding since the acquisition. He said Fulton has used targeted promotional deposit offers in select markets, including Northern New Jersey, as part of its customer acquisition strategy.
Fee Revenue and Wealth Assets Increase Non-interest income increased to $79.3 million, up $9.5 million from the first quarter. Kraemer said the largest driver was a $7.3 million increase in income from equity method investments, including about $6.9 million of gain related to an investment sold during the quarter. Mortgage banking revenue improved by roughly $1 million.
Myers said commercial fee income rose 9% from the prior quarter, consumer fee income increased 8%, and wealth management assets under management and administration reached a record $18.4 billion at quarter-end.
Responding to a question about investment management fees, Myers said the quarter’s fee movement reflected timing and market dynamics, noting that brokerage business fees are billed at quarter-end and that assets under management increased $1.3 billion from the first quarter to the second quarter.
Expenses, Credit and Capital Total non-interest expense was $231 million, compared with $200.3 million in the prior quarter. Operating non-interest expense was $210.6 million. Excluded from operating results were $13.8 million of acquisition-related expenses, $5.9 million of intangible amortization and about $0.8 million of debt extinguishment costs tied to the redemption of subordinated debt. Kraemer said a $2.1 million pension plan charge was included in operating non-interest expense.
On credit, provision expense totaled $4.9 million, down from $14.4 million in the first quarter. The allowance for credit losses on loans was $382.6 million, or 1.48% of total loans. The quarter included about $31 million of initial allowance for credit losses on acquired Blue Foundry loans. Annualized net charge-offs were 0.34% of average loans, up from 0.25% in the previous quarter, while non-performing assets were $187.1 million, or 0.54% of total assets.
Myers said the rise in charge-offs reflected timing on resolutions and updated information on previously identified accounts, rather than newly identified issues. He said Fulton expects charge-offs to remain within its normal operating range.
Fulton’s common equity Tier 1 ratio improved to approximately 12.1% from 11.9% in the prior quarter, and tangible common equity rose to 8.8%. The company issued $300 million of fixed-to-floating rate subordinated notes due 2036 and redeemed $195 million of subordinated notes due 2030. Fulton also repurchased 525,000 shares during the quarter at an average price of $21.19, totaling about $11.1 million. Total repurchases under the 2026 authorization reached $35.6 million through June 30, leaving approximately $115 million available.
Guidance Narrowed for 2026 Kraemer said Fulton’s outlook for the remainder of 2026 remains positive, with management making “minor adjustments” to full-year guidance after the first half of the year.
Net interest income guidance was narrowed to $1.12 billion to $1.135 billion. Full-year loan growth was adjusted to low single digits. Loan loss provision guidance was lowered to $40 million to $60 million. The low end of non-interest income guidance was raised to $290 million from $285 million. Operating non-interest expense guidance was tightened to $810 million to $830 million. The full-year tax range was unchanged. In response to an analyst question, Myers said the lower loan growth outlook reflected modest growth in the first half, including a seasonally slower first quarter and the Blue Foundry integration in the second quarter. He said management expects growth in the back half of the year to return to prior expectations.
Asked about merger and acquisition strategy following Blue Foundry, Myers said Fulton remains interested in community banks in the $1 billion to $5 billion asset range, with Blue Foundry serving as an example of the type of deal that can expand the company in targeted markets. He also said Fulton would be interested in opportunities involving banks in the $5 billion to $15 billion range if they become available.
About Fulton Financial (NASDAQ:FULT)Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial's offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Fulton Financial Right Now?Before you consider Fulton Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fulton Financial wasn't on the list.
While Fulton Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Fulton Financial (FULT - Free Report) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.21%. A quarter ago, it was expected that this financial holding company would post earnings of $0.5 per share when it actually produced earnings of $0.55, delivering a surprise of +10%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fulton Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $367.87 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.75%. This compares to year-ago revenues of $328.46 million. The company has topped consensus revenue estimates three times over the last four quarters.
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.
Fulton Financial shares have added about 27.4% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Fulton Financial?While Fulton Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fulton Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $372.25 million in revenues for the coming quarter and $2.18 on $1.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Chain Bridge Bancorp, Inc. (CBNA - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +88.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Chain Bridge Bancorp, Inc.'s revenues are expected to be $19.53 million, up 54.7% from the year-ago quarter.
For the quarter ended June 2026, Fulton Financial (FULT - Free Report) reported revenue of $367.87 million, up 12% over the same period last year. EPS came in at $0.60, compared to $0.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $361.54 million, representing a surprise of +1.75%. The company delivered an EPS surprise of +13.21%, with the consensus EPS estimate being $0.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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.
Here is how Fulton Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.6% compared to the 3.6% average estimate based on two analysts.Efficiency Ratio: 57.3% versus the two-analyst average estimate of 59.5%.Total Non-Interest Income: $79.31 million versus $72.95 million estimated by two analysts on average.View all Key Company Metrics for Fulton Financial here>>>
Shares of Fulton Financial have returned +4.1% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
, /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter of 2026, an increase of $7.7 million, or $0.01 per diluted share, in comparison to the first quarter of 2026. Operating net income available to common shareholders for the three months ended June 30, 2026 was $115.9 million(1), or $0.60 per diluted share(1), an increase of $16.2 million, or $0.05 per diluted share, in comparison to the first quarter of 2026.
FFC Net income available to common shareholders for the six months ended June 30, 2026 was $192.1 million, or $1.02 per diluted share, an increase of $5.0 million, and unchanged on a per diluted share basis, in comparison to the six months ended June 30, 2025. Operating net income available to common shareholders for the six months ended June 30, 2026, was $215.5 million(1), or $1.15 per diluted share(1), an increase of $19.4 million, or $0.08 per diluted share, in comparison to the six months ended June 30, 2025.
"During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis J. Myers, Fulton Chairman, CEO, and President. "With the successful integration of Blue Foundry Bank already occurring earlier this month, we are well positioned to deepen existing relationships and drive growth in this expanded footprint. Our ongoing strong performance is due to high demand for our community banking approach and the commitment of our dedicated team members to making banking personal. Our sustained focus on executing our strategic priorities is creating long-term value for our shareholders."
Blue Foundry Bancorp Transaction(2)
On April 1, 2026, the Corporation completed its acquisition of Blue Foundry Bancorp and Blue Foundry Bank became a wholly owned subsidiary of the Corporation. On July 11, 2026, Blue Foundry Bank merged with and into Fulton Bank. As a result of the Blue Foundry Bancorp Transaction, the Corporation acquired total assets with preliminary fair values of approximately $2.1 billion including total loans with a preliminary fair value of approximately $1.6 billion and investments with a fair value of $226.5 million. The Corporation assumed total liabilities with a fair value of $1.8 billion including total deposits with a fair value of $1.5 billion and borrowings with a fair value of $276.0 million. Financial Highlights
Second quarter of 2026 operating results of $0.60 per diluted share(1) were impacted by the following items:
Net interest margin remained solid at 3.60%, representing a two basis point increase from the prior quarter. Non-interest income increased $9.5 million to $79.3 million compared to $69.8 million in the prior quarter. Non-interest expense increased $30.7 million to $231.0 million compared to $200.3 million in the prior quarter. Operating non-interest expense increased $19.9 million to $210.6 million(1) compared to $190.7 million in the prior quarter. Provision for credit losses was $4.9 million resulting in an allowance for credit losses attributable to net loans of $382.6 million, or 1.48% of total net loans as of June 30, 2026. The initial allowance for credit losses on loans acquired in the Blue Foundry Bancorp Transaction was $31.0 million. Common equity tier 1 capital ratio(3) increased to approximately 12.1% compared to 11.9% in the prior quarter. During the second quarter of 2026, 525,000 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(4) at a cost of $11.1 million or an average of $21.19 per share. As of June 30, 2026, the Corporation repurchased $35.6 million of common stock under the 2026 Repurchase Program. The following items highlight notable changes in the components of net income in the second quarter of 2026 compared to the first quarter of 2026:
Net interest income increased $22.2 million to $284.3 million driven by a $17.5 million increase attributable to the Blue Foundry Bancorp Transaction. A $32.6 million increase in interest income on net loans, a $2.9 million increase in interest income on investment securities and a $2.6 million increase in interest income in other interest-earning assets were partially offset by a $10.9 million increase in interest expense on deposits and a $4.9 million increase in interest expense on borrowings and other interest-bearing liabilities. Purchase loan mark accretion from loans acquired in the Republic Transaction(5) was $9.9 million in the second quarter of 2026 compared to $10.3 million in the prior quarter. Purchase loan mark accretion from loans acquired in the Blue Foundry Bancorp Transaction was $5.2 million in the second quarter of 2026. Interest expense on borrowings and other interest-bearing liabilities included approximately $2.4 million from the Corporation's $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 that were redeemed on June 15, 2026. Non-interest income before investment securities gains (losses) was $79.3 million compared to $69.8 million in the prior quarter. The $9.5 million increase was primarily attributable to a $7.3 million increase in income from equity method investments, reflected in other income, that included $6.9 million of income recognized from an equity method investment that was sold during the quarter. Compared to the prior quarter, mortgage banking income increased by $1.0 million. Non-interest expense was $231.0 million compared to $200.3 million in the prior quarter. The $30.7 million increase was primarily due to an $11.2 million increase in acquisition-related expenses and a $10.3 million increase in salaries and employee benefits expense driven by a $6.2 million increase as a result of the Blue Foundry Bancorp Transaction and a $3.5 million increase in incentive compensation expense. Increases of $2.2 million and $1.8 million in other outside services expense and data processing and software expense, respectively, were primarily driven by the Blue Foundry Bancorp Transaction. Other non-interest expense for the second quarter of 2026 included a $2.1 million charge incurred related to merging two employee pension plans and $0.8 million of debt extinguishment costs. Balance Sheet Summary
Total net loans increased $1.7 billion to $25.9 billion compared to $24.3 billion as of March 31, 2026. The increase was primarily due to a $1.6 billion increase in loans, based on preliminary fair values, as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net loans increased $102.6 million with an increase of $206.9 million in consumer loans(6), partially offset by a decrease of $104.3 million in commercial loans(6). Deposits totaled $28.3 billion, a $1.5 billion increase compared to $26.8 billion as of March 31, 2026. The increase was primarily due to a $1.2 billion increase in deposits as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net deposits increased $249.2 million due to increases of $257.4 million in brokered deposits, $189.4 million in savings deposits and $76.4 million in time deposits, partially offset by decreases of $155.6 million in interest-bearing demand deposits and $118.5 million in noninterest-bearing demand deposits. On May 5, 2026, the Corporation issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036. On June 15, 2026, the Corporation redeemed $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030. Provision for Credit Losses and Asset Quality
The provision for credit losses totaled $4.9 million in the second quarter of 2026 compared to $14.4 million in the first quarter of 2026. The allowance for credit losses attributable to net loans was $382.6 million, or 1.48% of total net loans as of June 30, 2026, compared to $367.5 million, or 1.51% of total net loans as of March 31, 2026. The increase was largely due to a $28.7 million increase in the allowance for credit losses as a result of the Blue Foundry Bancorp Transaction. Non-performing assets were $187.1 million, or 0.54% of total assets, as of June 30, 2026, in comparison to $177.5 million, or 0.55% of total assets, as of March 31, 2026. Non-performing assets include $16.4 million from the Blue Foundry Bancorp Transaction. Annualized net charge-offs for the second quarter of 2026 were 0.34% of total average loans in comparison to 0.25% in the prior quarter. Additional information on Fulton is available at www.fultonbank.com.
(1)
Financial measure derived by methods other than generally accepted accounting principles ("GAAP"). Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of the press release.
(2)
On April 1, 2026, the Corporation completed its previously announced acquisition of Blue Foundry Bancorp (the "Blue Foundry Bancorp Transaction"). Following the Blue Foundry Bancorp Transaction, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry Bancorp, operated as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merged with and into the Corporation's wholly owned subsidiary Fulton Bank, National Association ("Fulton Bank") on July 11, 2026, with Fulton Bank continuing as the surviving bank.
(3)
Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual.
(4)
The 2026 Repurchase Program represents the authorization, commencing on January 1, 2026 and expiring on January 31, 2027, to repurchase up to $150 million, excluding fees, commissions, excise tax and other ancillary expenses, of the Corporation's common stock. Under this authorization, up to $25 million of the $150 million authorization may be used to repurchase the Corporation's preferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The 2026 Repurchase Program may be discontinued at any time.
(5)
On April 26, 2024, Fulton Bank acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"), as receiver for Republic Bank (the "Republic Transaction"), pursuant to the terms of the Purchase and Assumption Agreement - Whole Bank, All Deposits, effective as of April 26, 2024 among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank.
(6)
Commercial loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include decreases of $54.9 million in commercial and industrial loans, $29.7 million in commercial construction loans, reflected in real estate - construction, $18.8 million in real estate - commercial mortgage loans and $1.0 million in leases and other loans. Consumer loans, excluding those acquired in the Blue Foundry Bancorp Transaction, include increases of $132.3 million in real estate - residential mortgage loans, $48.7 million in real estate - home equity loans, $20.9 million in residential construction loans, reflected in real estate - construction and $5.0 million in consumer loans.
Note: Some numbers contained in this document may not sum due to rounding.
Forward-Looking Statements
This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Forward-looking statements are any statement that does not relate to historical or current facts and can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results.
Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Numerous factors could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, including, but not limited to, the following: the impact of adverse conditions in the economy and financial markets; trade policies and the imposition of tariffs and retaliatory tariffs; the impacts of events affecting the financial services industry; the effects of actions by the federal government, including those of the Board of Governors of the Federal Reserve System and other government agencies, that impact the money supply and market interest rates; the effects of market interest rates and the relative balances of interest rate-sensitive assets to interest rate-sensitive liabilities on net interest margin and net interest income; the composition of the Corporation's loan portfolio and potential exposure to increased credit risk; the effects of changes in interest rates; investment securities gains and losses, including declines in the fair value of securities; disruptions in liquidity markets; capital and liquidity strategies; the Corporation's ability to generate capital internally or raise capital on favorable terms; the effects of competition; possible goodwill impairment charges; the impact of operational risks; the loss of, or failure to safeguard, confidential or proprietary information; the Corporation's failure to identify and promptly address cybersecurity risks; the impact of failures of the Corporation's third-party vendors to perform in accordance with contractual arrangements; the effects of concerns about other financial institutions on the Corporation; potential losses in connection with repurchase and indemnification payments related to sold loans; the effects of climate change on the Corporation's business and results of operations; the effects of increases in non-performing assets; the determination of the allowance for credit losses; the effects of the extensive level of regulation and supervision to which the Corporation and Fulton Bank are subject; changes in law, regulation and government policy; the continuing impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; potential negative consequences resulting from regulatory violations, investigations and examinations; the effects of adverse outcomes in litigation and governmental or administrative proceedings; the effects of changes in U.S. federal, state or local tax laws; the effects of the significant amounts of time and expense associated with regulatory compliance and risk management; the Corporation's ability to realize anticipated reductions in non-interest expense and increases in revenue from strategic initiatives implemented from time to time; risks related to the acquisition of Blue Foundry Bancorp; completed and potential future acquisitions may affect costs and the Corporation may not be able to successfully integrate the acquired business or realize the anticipated benefits from such acquisitions; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, military conflicts, wars and other international hostilities; public health crises and pandemics; the Corporation's ability to achieve its growth plans; the Corporation's ability to attract and retain talented personnel; the effects of competition from financial service companies and other companies offering bank services; the Corporation's ability to keep pace with technological changes; the Corporation's reliance on its subsidiaries for substantially all of its revenues; and the effects of negative publicity on the Corporation's reputation. For additional information about factors that could cause actual results to differ materially from those described in forward-looking statements, refer to the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).
Non-GAAP Financial Measures
The Corporation uses certain financial measures in this press release that have been derived from methods other than GAAP. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release.
FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
(dollars in thousands, except per share and shares data)
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Ending Balances
Investment securities(1)
$ 5,122,759
$ 4,861,967
$ 4,833,744
$ 5,045,270
$ 5,093,027
Net loans
25,934,293
24,266,345
24,144,884
24,041,489
24,012,539
Total assets
34,556,720
32,237,438
32,118,400
31,995,086
32,040,448
Deposits
28,250,342
26,768,335
26,589,407
26,332,490
26,138,067
Shareholders' equity
3,815,813
3,505,283
3,490,447
3,413,598
3,329,246
Average Balances
Investment securities(1)
4,983,015
4,785,276
4,921,669
5,025,072
5,084,371
Net loans
25,883,823
24,225,655
24,053,089
24,020,322
23,899,743
Total assets
34,193,608
31,999,228
32,013,163
31,924,038
31,901,574
Deposits
28,014,666
26,451,094
26,537,659
26,298,680
26,125,602
Shareholders' equity
3,788,421
3,543,911
3,464,539
3,361,368
3,304,015
Income Statement
Net interest income
284,252
262,023
266,042
264,198
254,921
Provision for credit losses
4,897
14,442
2,948
10,245
8,607
Non-interest income
79,306
69,841
69,980
70,407
69,148
Non-interest expense
230,954
200,294
212,986
196,574
192,811
Income before taxes
127,707
117,128
120,088
127,786
122,651
Net income available to common shareholders
99,852
92,199
96,408
97,892
96,636
Per Share
Net income available to common shareholders (basic)
$0.52
$0.51
$0.53
$0.54
$0.53
Net income available to common shareholders (diluted)
$0.52
$0.51
$0.53
$0.53
$0.53
Operating net income available to common shareholders(2)
$0.60
$0.55
$0.55
$0.55
$0.55
Cash dividends
$0.19
$0.19
$0.19
$0.18
$0.18
Common shareholders' equity
$18.92
$18.52
$18.33
$17.81
$17.20
Common shareholders' equity (tangible)(2)
$15.61
$15.12
$14.92
$14.39
$13.78
Weighted average shares (basic)
191,386
179,720
180,405
181,658
182,261
Weighted average shares (diluted)
192,997
181,655
182,197
183,349
183,813
(1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Asset Quality
Net charge-offs to average loans (annualized)
0.34 %
0.25 %
0.24 %
0.18 %
0.20 %
Non-performing loans to total net loans
0.70 %
0.72 %
0.76 %
0.83 %
0.89 %
Non-performing assets to total assets
0.54 %
0.55 %
0.58 %
0.63 %
0.67 %
ACL - loans(1) to total loans
1.48 %
1.51 %
1.51 %
1.57 %
1.57 %
ACL - loans(1) to non-performing loans
211 %
209 %
198 %
189 %
177 %
Profitability
Return on average assets
1.20 %
1.20 %
1.23 %
1.25 %
1.25 %
Operating return on average assets(2)
1.39 %
1.30 %
1.27 %
1.29 %
1.30 %
Return on average common shareholders' equity
11.14 %
11.16 %
11.69 %
12.26 %
12.46 %
Operating return on average common shareholders' equity (tangible)(2)
15.71 %
14.76 %
14.86 %
15.79 %
16.26 %
Net interest margin
3.60 %
3.58 %
3.59 %
3.57 %
3.47 %
Efficiency ratio(2)
57.3 %
56.7 %
60.0 %
56.5 %
57.1 %
Non-interest expense to total average assets
2.71 %
2.54 %
2.64 %
2.44 %
2.42 %
Operating non-interest expense to total average assets(2)
2.47 %
2.42 %
2.53 %
2.38 %
2.36 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)
8.8 %
8.6 %
8.5 %
8.3 %
8.0 %
Tier 1 leverage ratio
9.9 %
9.9 %
9.7 %
9.6 %
9.4 %
Common equity Tier 1 capital ratio
12.1 %
11.9 %
11.8 %
11.6 %
11.3 %
Tier 1 risk-based capital ratio
12.8 %
12.7 %
12.6 %
12.4 %
12.1 %
Total risk-based capital ratio
15.9 %
15.2 %
15.2 %
15.0 %
14.7 %
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet
("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Regulatory capital ratios as of June 30, 2026 are preliminary estimates and prior periods are actual.
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
Three months ended
Six months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
Jun 30
2026
2026
2025
2025
2025
2026
2025
Net Interest Income:
Interest income
$ 428,154
$ 390,056
$ 403,416
$ 411,006
$ 402,761
$ 818,210
$ 802,452
Interest expense
143,902
128,033
137,374
146,808
147,840
271,935
296,345
Net Interest Income
284,252
262,023
266,042
264,198
254,921
546,275
506,107
Provision for credit losses
4,897
14,442
2,948
10,245
8,607
19,339
22,505
Net Interest Income after Provision
279,355
247,581
263,094
253,953
246,314
526,936
483,602
Non-Interest Income:
Wealth management
23,139
24,496
23,879
22,639
22,281
47,635
44,066
Commercial banking:
Merchant and card
7,496
6,343
6,847
7,327
7,376
13,839
13,967
Cash management
8,817
8,363
8,374
8,335
8,376
17,180
16,175
Capital markets
3,530
3,614
3,730
2,908
2,945
7,144
5,356
Other commercial banking
4,979
4,486
5,162
4,595
4,734
9,465
9,262
Total commercial banking
24,822
22,806
24,113
23,165
23,431
47,628
44,760
Consumer banking:
Card
8,596
7,887
8,366
8,246
7,958
16,483
15,502
Overdraft
3,858
3,798
4,109
4,153
3,817
7,656
7,112
Other consumer banking
2,891
2,491
2,967
2,775
2,753
5,382
4,982
Total consumer banking
15,345
14,176
15,442
15,174
14,528
29,521
27,596
Mortgage banking
4,938
3,955
3,636
3,711
3,991
8,893
7,130
Other
11,062
4,408
2,910
5,718
4,917
15,470
12,830
Non-interest income before investment securities (losses) gains
79,306
69,841
69,980
70,407
69,148
149,147
136,382
Investment securities (losses) gains, net
—
—
—
—
—
—
(2)
Total Non-Interest Income
79,306
69,841
69,980
70,407
69,148
149,147
136,380
Non-Interest Expense:
Salaries and employee benefits
120,184
109,917
121,632
111,265
107,123
230,101
210,649
Data processing and software
20,419
18,662
19,695
18,535
18,262
39,081
36,861
Net occupancy
17,841
18,229
17,554
15,954
16,410
36,070
34,617
Other outside services
14,999
12,750
13,105
12,951
12,009
27,749
23,846
Intangible amortization
5,910
5,349
5,365
5,368
5,460
11,260
11,729
FDIC insurance
4,430
4,249
4,540
5,089
4,951
8,679
10,549
Equipment
4,086
3,924
4,001
3,926
4,100
8,010
8,249
Marketing
2,818
2,331
1,694
2,470
2,604
5,149
5,124
Professional fees
2,342
2,239
2,088
2,320
2,163
4,581
1,085
Acquisition-related expenses
13,839
2,644
802
—
—
16,483
380
Other
24,086
20,000
22,510
18,696
19,729
44,085
39,181
Total Non-Interest Expense
230,954
200,294
212,986
196,574
192,811
431,248
382,270
Income Before Income Taxes
127,707
117,128
120,088
127,786
122,651
244,835
237,712
Income tax expense
25,293
22,367
21,118
27,332
23,453
47,660
45,527
Net Income
102,414
94,761
98,970
100,454
99,198
197,175
192,185
Preferred stock dividends
(2,562)
(2,562)
(2,562)
(2,562)
(2,562)
(5,124)
(5,124)
Net Income Available to Common Shareholders
$ 99,852
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 192,051
$ 187,061
Three months ended
Six months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
Jun 30
2026
2026
2025
2025
2025
2026
2025
PER SHARE:
Net income available to common shareholders:
Net income available to common shareholders (basic)
$0.52
$0.51
$0.53
$0.54
$0.53
$1.03
$1.03
Net income available to common shareholders (diluted)
$0.52
$0.51
$0.53
$0.53
$0.53
$1.02
$1.02
Cash dividends
$0.19
$0.19
$0.19
$0.18
$0.18
$0.38
$0.36
Weighted average shares (basic)
191,386
179,720
180,405
181,658
182,261
185,585
182,220
Weighted average shares (diluted)
192,997
181,655
182,197
183,349
183,813
187,377
183,999
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
June 30, 2026
March 31, 2026
June 30, 2025
Average
Yield/
Average
Yield/
Average
Yield/
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$ 25,883,823
$ 374,426
5.80 %
$ 24,225,655
$ 341,843
5.70 %
$ 23,899,742
$ 349,490
5.86 %
Investment securities(3)
5,233,693
47,661
3.64 %
5,001,079
44,771
3.58 %
5,390,953
49,463
3.67 %
Other interest-earning assets
997,586
10,377
4.17 %
773,171
7,745
4.05 %
682,075
8,197
4.82 %
Total Interest-Earning Assets
32,115,102
432,464
5.40 %
29,999,905
394,359
5.31 %
29,972,770
407,150
5.44 %
Noninterest-earning assets:
Cash and due from banks
310,904
300,074
277,880
Premises and equipment
189,791
173,203
186,989
Other assets
1,978,494
1,896,687
1,848,891
Less: ACL - loans(4)
(400,683)
(370,641)
(384,956)
Total Assets
$ 34,193,608
$ 31,999,228
$ 31,901,574
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Demand deposits
$ 8,279,932
$ 32,443
1.57 %
$ 7,774,121
$ 29,036
1.51 %
$ 7,800,881
$ 34,745
1.79 %
Savings deposits
9,128,400
47,299
2.08 %
8,684,478
44,663
2.09 %
8,219,637
47,462
2.32 %
Brokered deposits
887,546
8,589
3.88 %
856,823
8,210
3.89 %
688,957
7,495
4.36 %
Time deposits
4,540,334
38,406
3.39 %
4,015,644
33,896
3.42 %
4,112,130
39,492
3.85 %
Total Interest-Bearing Deposits
22,836,212
126,737
2.23 %
21,331,066
115,805
2.20 %
20,821,605
129,194
2.49 %
Borrowings and other interest-bearing liabilities
1,744,871
17,165
3.95 %
1,359,113
12,228
3.65 %
1,756,246
18,646
4.26 %
Total Interest-Bearing Liabilities
24,581,083
143,902
2.35 %
22,690,179
128,033
2.29 %
22,577,851
147,840
2.62 %
Noninterest-bearing liabilities:
Demand deposits
5,178,454
5,120,028
5,303,997
Other liabilities
645,650
645,110
715,711
Total Liabilities
30,405,187
28,455,317
28,597,559
Total Deposits
28,014,666
1.81 %
26,451,094
1.78 %
26,125,602
1.98 %
Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)
29,759,537
1.94 %
27,810,207
1.87 %
27,881,848
2.13 %
Shareholders' equity
3,788,421
3,543,911
3,304,015
Total Liabilities and Shareholders' Equity
$ 34,193,608
$ 31,999,228
$ 31,901,574
Net interest income/net interest margin (fully taxable equivalent)
288,562
3.60 %
266,326
3.58 %
259,310
3.47 %
Tax equivalent adjustment
(4,310)
(4,303)
(4,389)
Net Interest Income
$ 284,252
$ 262,023
$ 254,921
(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
(2) Average balances include non-performing loans.
(3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.
FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Loans, by type:
Real estate - commercial mortgage
$ 10,887,986
$ 9,930,713
$ 9,785,717
$ 9,721,395
$ 9,652,320
Commercial and industrial
4,602,800
4,522,694
4,473,522
4,494,662
4,530,085
Real estate - residential mortgage
7,189,941
6,696,646
6,646,318
6,560,413
6,448,443
Real estate - home equity
1,298,632
1,235,977
1,223,293
1,191,465
1,179,109
Real estate - construction
962,625
926,026
1,014,343
1,125,130
1,172,138
Consumer
592,106
576,852
577,136
590,658
599,505
Leases and other loans(1)
349,733
336,747
332,760
336,599
318,142
Total Net Loans
$ 25,883,823
$ 24,225,655
$ 24,053,089
$ 24,020,322
$ 23,899,742
Deposits, by type:
Noninterest-bearing demand
$ 5,178,454
$ 5,120,028
$ 5,243,390
$ 5,239,393
$ 5,303,997
Interest-bearing demand
8,279,932
7,774,121
7,984,980
7,876,227
7,800,881
Savings
9,128,400
8,684,478
8,519,075
8,391,379
8,219,637
Total demand and savings
22,586,786
21,578,627
21,747,445
21,506,999
21,324,515
Brokered
887,546
856,823
803,755
694,486
688,957
Time
4,540,334
4,015,644
3,986,459
4,097,195
4,112,130
Total Deposits
$ 28,014,666
$ 26,451,094
$ 26,537,659
$ 26,298,680
$ 26,125,602
Borrowings, by type:
Federal funds purchased
$ —
$ —
$ 54
$ —
$ 1,099
Federal Home Loan Bank advances
475,983
221,039
237,880
484,022
712,198
Senior debt and subordinated debt
509,493
367,679
367,598
367,517
367,438
Other borrowings and other interest-bearing liabilities
759,395
770,395
740,305
713,456
675,511
Total Borrowings
$ 1,744,871
$ 1,359,113
$ 1,345,837
$ 1,564,995
$ 1,756,246
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Six months ended June 30,
2026
2025
Average
Yield/
Average
Yield/
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$ 25,059,319
$ 716,268
5.75 %
$ 23,953,003
$ 697,115
5.86 %
Investment securities(3)
5,118,030
92,432
3.61 %
5,295,507
96,706
3.65 %
Other interest-earning assets
885,999
18,122
4.12 %
737,302
17,361
4.74 %
Total Interest-Earning Assets
31,063,348
826,822
5.35 %
29,985,812
811,182
5.44 %
Noninterest-Earning assets:
Cash and due from banks
305,519
289,822
Premises and equipment
181,545
189,108
Other assets
1,937,815
1,856,900
Less: ACL - loans(4)
(385,745)
(385,241)
Total Assets
$ 33,102,482
$ 31,936,401
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-Bearing liabilities:
Demand deposits
$ 8,028,425
$ 61,480
1.54 %
$ 7,777,364
$ 68,934
1.79 %
Savings deposits
8,907,666
91,961
2.08 %
8,134,377
92,563
2.29 %
Brokered deposits
872,269
16,798
3.88 %
796,243
17,533
4.44 %
Time deposits
4,279,437
72,304
3.41 %
4,081,913
81,055
4.00 %
Total Interest-Bearing Deposits
22,087,797
242,543
2.21 %
20,789,897
260,085
2.52 %
Borrowings and other interest-bearing liabilities
1,553,057
29,392
3.82 %
1,755,577
36,260
4.17 %
Total Interest-Bearing Liabilities
23,640,854
271,935
2.32 %
22,545,474
296,345
2.65 %
Noninterest-Bearing liabilities:
Demand deposits
5,149,402
5,357,731
Other liabilities
645,385
753,988
Total Liabilities
29,435,641
28,657,193
Total Deposits
27,237,199
1.80 %
26,147,628
2.01 %
Total interest-bearing liabilities and non-interest bearing deposits (cost of funds)
28,790,256
1.90 %
27,903,205
2.14 %
Shareholders' equity
3,666,841
3,279,208
Total Liabilities and Shareholders' Equity
$ 33,102,482
$ 31,936,401
Net interest income/net interest margin (fully taxable equivalent)
554,887
3.59 %
514,837
3.45 %
Tax equivalent adjustment
(8,612)
(8,730)
Net Interest Income
$ 546,275
$ 506,107
(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
(2) Average balances include non-performing loans.
(3) Average balances include amortized historical cost for AFS; the related unrealized holding gains (losses) are included in other assets.
(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.
FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Six months ended June 30,
2026
2025
Loans, by type:
Real estate - commercial mortgage
$ 10,403,830
$ 9,653,793
Commercial and industrial
4,571,311
4,569,027
Real estate - residential mortgage
6,944,657
6,408,432
Real estate - home equity
1,267,478
1,169,961
Real estate - construction
944,248
1,233,770
Consumer
584,521
607,578
Leases and other loans(1)
343,274
310,442
Total Net Loans
$ 25,059,319
$ 23,953,003
Deposits, by type:
Noninterest-bearing demand
$ 5,149,402
$ 5,357,731
Interest-bearing demand
8,028,425
7,777,364
Savings
8,907,666
8,134,377
Total demand and savings
22,085,493
21,269,472
Brokered
872,269
796,243
Time
4,279,437
4,081,913
Total Deposits
$ 27,237,199
$ 26,147,628
Borrowings, by type:
Federal funds purchased
$ —
$ 552
Federal Home Loan Bank advances
349,215
710,790
Senior debt and subordinated debt
438,978
367,398
Other borrowings and other interest-bearing liabilities
764,865
676,837
Total Borrowings
$ 1,553,058
$ 1,755,577
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months ended
Six months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
Jun 30
Jun 30
2026
2026
2025
2025
2025
2026
2025
Allowance for credit losses related to net loans:
Balance at beginning of period
$ 367,489
$ 364,462
$ 376,258
$ 377,337
$ 379,677
$ 364,462
$ 379,156
Initial allowance for credit losses on purchased loans
30,993
3,351
—
—
—
34,344
—
Loans charged off:
Real estate - commercial mortgage
(10,789)
(4,102)
(14,104)
(3,906)
(6,402)
(14,891)
(18,508)
Commercial and industrial
(12,015)
(10,545)
(5,295)
(5,847)
(5,780)
(22,560)
(9,645)
Real estate - residential mortgage
(121)
(391)
(58)
(394)
(258)
(512)
(601)
Consumer and home equity
(2,119)
(2,164)
(2,212)
(2,527)
(1,885)
(4,284)
(4,078)
Real estate - construction
—
—
—
(5,286)
(100)
—
(100)
Leases and other loans(1)
(966)
(1,116)
(1,140)
(1,479)
(1,491)
(2,081)
(3,018)
Total loans charged off
(26,010)
(18,318)
(22,809)
(19,439)
(15,916)
(44,328)
(35,950)
Recoveries of loans previously charged off:
Real estate - commercial mortgage
1,629
701
633
4,307
133
2,330
507
Commercial and industrial
1,280
740
6,592
3,205
2,628
2,020
8,580
Real estate - residential mortgage
197
72
230
33
203
268
377
Consumer and home equity
484
584
861
726
899
1,068
1,559
Real estate - construction
—
884
—
47
99
884
181
Leases and other loans(1)
404
429
146
192
240
834
441
Total recoveries of loans previously charged off
3,994
3,410
8,462
8,510
4,202
7,404
11,645
Net loans charged off
(22,016)
(14,908)
(14,347)
(10,929)
(11,714)
(36,924)
(24,305)
Provision for credit losses(2)
6,308
14,584
2,551
9,850
9,374
20,892
22,486
Other
(194)
—
—
—
—
(194)
—
Balance at end of period
$ 382,580
$ 367,489
$ 364,462
$ 376,258
$ 377,337
$ 382,580
$ 377,337
Net charge-offs to average loans(3)
0.34 %
0.25 %
0.24 %
0.18 %
0.20 %
0.30 %
0.20 %
Provision for credit losses related to OBS Credit Exposures
Provision for credit losses(2)
$ (1,411)
$ (142)
$ 397
$ 395
$ (767)
$ (1,553)
$ 19
NON-PERFORMING ASSETS:
Non-accrual loans
$ 146,457
$ 142,035
$ 153,872
$ 150,137
$ 182,942
Loans 90 days past due and accruing
34,815
33,816
29,924
48,597
29,949
Total non-performing loans
181,272
175,851
183,796
198,734
212,891
Other real estate owned
5,791
1,648
1,365
2,305
2,706
Total non-performing assets
$ 187,063
$ 177,499
$ 185,161
$ 201,039
$ 215,597
NON-PERFORMING LOANS, BY TYPE:
Commercial and industrial
$ 39,466
$ 47,759
$ 47,756
$ 48,817
$ 45,565
Real estate - commercial mortgage
66,445
64,890
74,981
87,789
90,852
Real estate - residential mortgage
56,821
47,826
45,569
44,689
37,703
Consumer and home equity
12,387
12,339
11,875
12,658
11,109
Real estate - construction
6,135
3,000
2,267
3,461
25,602
Leases and other loans(2)
18
37
1,348
1,320
2,060
Total non-performing loans
$ 181,272
$ 175,851
$ 183,796
$ 198,734
$ 212,891
(1) Includes equipment lease financing, overdrafts and net origination fees and costs.
(2) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income.
(3) Quarterly results are annualized.
FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)
Explanatory note:
This press release contains supplemental financial information, as detailed below, that has been derived by methods other than GAAP. The Corporation has presented these non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent with how the Corporation evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure follow:
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Operating net income available to common shareholders
Net income available to common shareholders
$ 99,852
$ 92,199
$ 96,408
$ 97,892
$ 96,636
Less: Other (1)
—
—
(4,989)
(738)
(9)
Plus: Core deposit intangible amortization
5,816
5,255
5,255
5,255
5,346
Plus: Acquisition-related expense
13,839
2,644
802
—
—
Plus: FDIC special assessment
—
—
(95)
—
—
Plus: FultonFirst implementation and asset disposals
(189)
1,556
2,795
(207)
(270)
Plus: Debt extinguishment costs
787
—
—
—
—
Less: Tax impact of adjustments
(4,253)
(1,985)
(791)
(905)
(1,064)
Operating net income available to common shareholders (numerator)
$ 115,852
$ 99,669
$ 99,385
$ 101,297
$ 100,639
Weighted average shares (diluted) (denominator)
192,997
181,655
182,197
183,349
183,813
Operating net income available to common shareholders, per share (diluted)
$ 0.60
$ 0.55
$ 0.55
$ 0.55
$ 0.55
Common shareholders' equity (tangible), per share
Shareholders' equity
$ 3,815,813
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(633,485)
(607,647)
(612,996)
(618,361)
(623,729)
Tangible common shareholders' equity (numerator)
$ 2,989,450
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
Shares outstanding, end of period (denominator)
191,461
178,843
179,895
180,865
182,379
Common shareholders' equity (tangible), per share
$ 15.61
$ 15.12
$ 14.92
$ 14.39
$ 13.78
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction.
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Operating return on average assets
Net income
$ 102,414
$ 94,761
$ 98,970
$ 100,454
$ 99,198
Less: Other (1)
—
—
(4,989)
(738)
(9)
Plus: Core deposit intangible amortization
5,816
5,255
5,255
5,255
5,346
Plus: Acquisition-related expense
13,839
2,644
802
—
—
Plus: FDIC special assessment
—
—
(95)
—
—
Plus: FultonFirst implementation and asset disposals
(189)
1,556
2,795
(207)
(270)
Plus: Debt extinguishment costs
787
—
—
—
—
Less: Tax impact of adjustments
(4,253)
(1,985)
(791)
(905)
(1,064)
Operating net income (numerator)
$ 118,414
$ 102,231
$ 101,947
$ 103,859
$ 103,201
Total average assets
$ 34,193,608
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
Less: Average net core deposit intangible
(66,665)
(54,629)
(60,726)
(65,999)
(71,282)
Total operating average assets (denominator)
$ 34,126,943
$ 31,944,599
$ 31,952,437
$ 31,858,039
$ 31,830,292
Operating return on average assets(2)
1.39 %
1.30 %
1.27 %
1.29 %
1.30 %
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders
$ 99,852
$ 92,199
$ 96,408
$ 97,892
$ 96,636
Less: Other (1)
—
—
(4,989)
(738)
(9)
Plus: Intangible amortization
5,910
5,349
5,365
5,368
5,460
Plus: Acquisition-related expense
13,839
2,644
802
—
—
Plus: FDIC special assessment
—
—
(95)
—
—
Plus: FultonFirst implementation and asset disposals
(189)
1,556
2,795
(207)
(270)
Plus: Debt extinguishment costs
787
—
—
—
—
Less: Tax impact of adjustments
(4,273)
(2,005)
(814)
(929)
(1,088)
Adjusted net income available to common shareholders (numerator)
$ 115,926
$ 99,743
$ 99,472
$ 101,386
$ 100,729
Average shareholders' equity
$ 3,788,421
$ 3,543,911
$ 3,464,539
$ 3,361,368
$ 3,304,015
Less: Average preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Average goodwill and intangible assets
(635,278)
(610,262)
(615,600)
(620,986)
(626,383)
Average tangible common shareholders' equity (denominator)
$ 2,960,265
$ 2,740,771
$ 2,656,061
$ 2,547,504
$ 2,484,754
Operating return on average common shareholders' equity (tangible)(2)
15.71 %
14.76 %
14.86 %
15.79 %
16.26 %
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity
$ 3,815,813
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(633,485)
(607,647)
(612,996)
(618,361)
(623,729)
Tangible common shareholders' equity (numerator)
$ 2,989,450
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
Total assets
$ 34,556,720
$ 32,237,438
$ 32,118,400
$ 31,995,086
$ 32,040,448
Less: Goodwill and intangible assets
(633,485)
(607,647)
(612,996)
(618,361)
(623,729)
Total tangible assets (denominator)
$ 33,923,235
$ 31,629,791
$ 31,505,404
$ 31,376,725
$ 31,416,719
Tangible common equity to tangible assets
8.81 %
8.55 %
8.52 %
8.29 %
8.00 %
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the provision for credit losses related to a loan acquired in the Republic Transaction.
(2) Results are annualized.
Three months ended
Jun 30
Mar 31
Dec 31
Sep 30
Jun 30
2026
2026
2025
2025
2025
Efficiency ratio
Non-interest expense
$ 230,954
$ 200,294
$ 212,986
$ 196,574
$ 192,811
Less: Acquisition-related expense
(13,839)
(2,644)
(802)
—
—
Less: FDIC special assessment
—
—
95
—
—
Less: FultonFirst implementation and asset disposals
189
(1,556)
(2,795)
207
270
Less: Debt extinguishment costs
(787)
—
—
—
—
Less: Intangible amortization
(5,910)
(5,349)
(5,365)
(5,368)
(5,460)
Operating non-interest expense (numerator)
$ 210,607
$ 190,745
$ 204,119
$ 191,413
$ 187,621
Net interest income
$ 284,252
$ 262,023
$ 266,042
$ 264,198
$ 254,921
Tax equivalent adjustment
4,310
4,303
4,416
4,436
4,389
Plus: Total non-interest income
79,306
69,841
69,980
70,407
69,148
Less: Other revenue
—
—
11
(138)
(9)
Plus: Investment securities (gains) losses, net
—
—
—
—
—
Total revenue (denominator)
$ 367,868
$ 336,167
$ 340,449
$ 338,903
$ 328,449
Efficiency ratio
57.3 %
56.7 %
60.0 %
56.5 %
57.1 %
Operating non-interest expense to total average assets
Non-interest expense
$ 230,954
$ 200,294
$ 212,986
$ 196,574
$ 192,811
Less: Intangible amortization
(5,910)
(5,349)
(5,365)
(5,368)
(5,460)
Less: Acquisition-related expense
(13,839)
(2,644)
(802)
—
—
Less: FDIC special assessment
—
—
95
—
—
Less: FultonFirst implementation and asset disposals
189
(1,556)
(2,795)
207
270
Less: Debt extinguishment costs
(787)
—
—
—
—
Operating non-interest expense (numerator)
$ 210,607
$ 190,745
$ 204,119
$ 191,413
$ 187,621
Total average assets (denominator)
$ 34,193,608
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
Operating non-interest expenses to total average assets(1)
2.47 %
2.42 %
2.53 %
2.38 %
2.36 %
(1) Results are annualized.
Six months ended
Jun 30
Jun 30
2026
2025
Operating net income available to common shareholders
Net income available to common shareholders
$ 192,051
$ 187,061
Less: Other
—
(131)
Plus: Core deposit intangible amortization
11,070
11,501
Plus: Acquisition-related expense
16,483
380
Plus: FultonFirst implementation and asset disposals
1,367
(317)
Plus: Debt extinguishment costs
787
—
Less: Tax impact of adjustments
(6,238)
(2,401)
Operating net income available to common shareholders (numerator)
$ 215,520
$ 196,093
Weighted average shares (diluted) (denominator)
187,377
183,999
Operating net income available to common shareholders, per share (diluted)
, /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton") today announced the appointment of David S. Schulz as a member of its board of directors (the "Board") for a term commencing September 14, 2026 and expiring at Fulton's 2027 annual meeting of shareholders.
David S. Schulz "We're excited to welcome Dave to Fulton's board of directors," said Curt Myers, Fulton Chairman, CEO, and President. "Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities."
With the addition of Schulz, Fulton's Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton's banking subsidiary, Fulton Bank, N.A.
Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. ("Wesco") from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026.
Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.
Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.
In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company's compensation and talent development committee.
ABOUT FULTON FINANCIAL CORPORATION
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.
Wall Street expects a year-over-year decline in earnings on higher revenues when Fulton Financial (FULT - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -3.6%.
Revenues are expected to be $361.54 million, up 10.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Fulton Financial?For Fulton Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.42%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Fulton Financial will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Fulton Financial would post earnings of $0.5 per share when it actually produced earnings of $0.55, delivering a surprise of +10.00%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Fulton Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Banks - Northeast industry, Orrstown Financial Services (ORRF - Free Report) , is soon expected to post earnings of $1.03 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -1%. Revenues for the quarter are expected to be $64 million, up 2.5% from the year-ago quarter.
The consensus EPS estimate for Orrstown has been revised 1.4% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.65%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Orrstown will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Director E. Philip Wenger sold 5,000 shares of Fulton Financial Corporation (FULT +0.17%) on July 13, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$120,700Shares sold (indirectly held)5,000Post-transaction shares (directly held)583,918Post-transaction shares (indirectly held)75,936Post-transaction value$15.95 millionKey questionsHow does this transaction affect the director's overall equity position?
The sale of 5,000 shares reduced Wenger’s total holdings from 664,854 shares to about 660,000 shares, representing a minor liquidation of the director's broader position.What were the specific entities involved in the indirect transaction?
The shares were sold from indirect holdings that include 75,477 shares held by an IRA and 459 shares held for the benefit of children; the director also maintains direct ownership of about 584,000 shares, which includes roughly 121,000 shares held jointly with a spouse.What mechanism governed the timing of this disposal?
This sale was completed under a Rule 10b5-1 plan established on June 13, 2025, a mechanism that allows insiders to schedule trades in advance to manage liquidity needs without regard to subsequent non-public information.What is the recent performance context for the company's shares?
The shares were sold at a weighted average price of $24.14, during a period where the stock has delivered a 26% total return over the 12 months ending July 13, 2026.Company OverviewMetricValueShare Price (as of market close 2026-07-13)$24.17Market Capitalization$4.6 billionRevenue (TTM)$1.3 billionNet Income (TTM)$393.4 millionCompany SnapshotFulton Financial Corporation operates as a diversified regional banking institution offering comprehensive deposit products including checking and savings accounts, certificates of deposit, and Individual Retirement Accounts, alongside secured consumer credit products such as home equity loans, automobile financing, and personal lines of credit.The company generates revenue through net interest income from lending activities, deposit-based operations, and fee-based services provided to both retail and commercial banking customers across its regional footprint.Fulton Financial serves individual consumers and business clients seeking traditional banking services, with a focus on relationship-based banking within its regional markets.Fulton Financial Corporation is a regional banking holding company with $4.6 billion in market capitalization and approximately 3,400 employees. The company maintains a diversified revenue base through traditional banking operations, generating $1.3 billion in TTM revenue with net income of $393.4 million, reflecting solid operational profitability within the regional banking sector. As a community-focused financial institution, Fulton competes through localized customer relationships and comprehensive product offerings tailored to regional market needs.
What this transaction means for investorsWenger set this plan back in June 2025, and the 5,000 shares barely dens a position of roughly 660,000 held across an IRA, family accounts, and direct ownership. When a long-tenured director, and former CEO, sells a fraction of a percent on a schedule set a year earlier, there's not really a big message to it. One nuance worth noting: He's chairman emeritus, so this is a founder-adjacent insider trimming, not an operating executive signaling anything about the outlook.
Meanwhile, Fulton is executing steadily. First-quarter operating earnings came in at $0.55 per share, and net interest margin held roughly flat at 3.58%. Management has been returning capital aggressively, buying back about $24.5 million in stock during the first quarter, and just folded in its Blue Foundry Bancorp acquisition to deepen its New Jersey footprint. Now, with second-quarter results due July 22, the things that actually matter are whether margins hold as rate cuts arrive and how smoothly the Blue Foundry deal integrates.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Former Blue Foundry Bank customers now have access to full suite of Fulton Bank products, services and financial centers
, /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton") announced the merger of Blue Foundry Bank with and into Fulton Bank, N.A. ("Fulton Bank"), effective July 11, 2026, and the subsequent conversion of Blue Foundry Bank's systems onto Fulton Bank's banking platforms.
"We are excited to welcome Blue Foundry Bank customers to Fulton Bank and to provide access to our full suite of products, services, digital platforms and more than 215 financial centers throughout the Mid-Atlantic region," said Fulton's Curt Myers, Chairman, CEO, and President. "This milestone reflects the tremendous work of our teams who remain deeply committed to maintaining a personalized, relationship-based approach to banking. By combining our strengths, we are better positioned to serve our customers, support our communities, and drive long-term growth in New Jersey."
Fulton Bank has established dedicated support resources to assist customers during the transition and address any questions. Customers are encouraged to visit their local financial center or contact Fulton Bank's Customer Care Center at 1-800-385-8664 for assistance. More details are available at www.FultonBank.com/WelcomeBlueFoundry.
As previously announced, in conjunction with its acquisition of Blue Foundry Bancorp on April 1, 2026, Fulton made a $1.5 million contribution to the Fulton Forward® Foundation—designated to provide impact gifts to nonprofit community organizations in New Jersey.
About Fulton Financial Corporation
Headquartered in Lancaster, Pa., Fulton Financial Corporation is a premier community banking organization and a $34 billion asset financial holding company providing a variety of financial services through its subsidiary bank, Fulton Bank, in Pennsylvania, Maryland, Delaware, New Jersey and Virginia. At Fulton Financial Corporation, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,300 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Member FDIC.
MEDIA CONTACT: Lacey Dean (717) 735-8688
INVESTOR CONTACT: Pat Lafferty (717) 327-2556
, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its second quarter 2026 earnings release and accompanying charts on Wednesday, July 22, at approximately 4:30 p.m. Eastern Time.
Fulton will host a conference call with analysts on Thursday, July 23, at 10 a.m. Eastern Time. Curt Myers, Chairman, CEO and President, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO.
The link to the webcast of this call can be found at https://investor.fultonbank.com. Participants can also access the audio-only webcast at: https://edge.media-server.com/mmc/p/pw9xpnze.
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. and Blue Foundry Bank. Additional information on Fulton can be found at https://investor.fultonbank.com.
Media Contact: Rachel Sharkey (717) 291-2831
Investor Contact: Patrick Lafferty (717) 327-2556
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Headquartered in Lancaster, Fulton Financial (FULT - Free Report) is a Finance stock that has seen a price change of 22.4% so far this year. Currently paying a dividend of $0.19 per share, the company has a dividend yield of 3.21%. In comparison, the Banks - Northeast industry's yield is 2.21%, while the S&P 500's yield is 1.44%.
Looking at dividend growth, the company's current annualized dividend of $0.76 is up 4.1% from last year. Over the last 5 years, Fulton Financial has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fulton Financial's current payout ratio is 35%, meaning it paid out 35% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, FULT expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.18 per share, with earnings expected to increase 0.93% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, FULT presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on July 15, 2026, to shareholders of record as of July 1, 2026.
In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on July 15, 2026, to shareholders of record as of June 30, 2026, for the period from and including April 15, 2026, to but excluding, July 15, 2026.
Fulton, a more than $34 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,400 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.
Additional information on Fulton can be found at investor.fultonbank.com.
"Our Values in Action" highlights impact for communities and stakeholders
, /PRNewswire/ -- Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), released its 2025 Corporate Social Responsibility (CSR) Report, showcasing how the company is turning its values into meaningful action for customers, employees, communities, and stakeholders.
"Our purpose is to change lives for the better," said Curt Myers, Chairman, CEO and President of Fulton Bank. "In 2025, we continued to bring that purpose to life by putting our values into action: expanding access to financial services for customers, strengthening our communities, supporting our employees, and operating responsibly and sustainably."
The 2025 report highlights Fulton's impact across five CSR pillars:
Bringing Value to Communities by investing in affordable housing, workforce development, financial literacy, and economic empowerment. Delivering Value to Customers through digital innovation, small business support, and personalized financial solutions. Valuing Employees with a culture focused on professional development and inclusion. Sustaining the Environment by reducing the bank's environmental footprint and supporting customers' sustainability initiatives. Practicing Responsible Governance with appropriate oversight, ethical practices, and commitment to risk management. Among the many metrics reported, Fulton Bank provided:
$318 million in community development investments $192 million in community development loans $149 million in mortgage loans to low- and moderate-income homebuyers $58 million in Small Business Administration (SBA) loans $5.8 million in charitable contributions and donations, including $953,909 to the Fulton Forward® Foundation 11,569 hours volunteered by employees Fulton's 2025 CSR Report reflects the company's continued commitment to delivering long-term value by aligning business strategy with the needs of stakeholders and communities.
Learn more in Fulton Bank's 2025 Corporate Social Responsibility Report.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation, a $34 billion financial services holding company, Fulton Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,400 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Fulton Bank, N.A., Member FDIC. Equal Housing Lender.
FULTON BANK RELEASES 2025 CORPORATE SOCIAL RESPONSIBILITY REPORT PR Newswire
LANCASTER, Pa., June 15, 2026
"Our Values in Action" highlights impact for communities and stakeholders
, /PRNewswire/ -- Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), released its 2025 Corporate Social Responsibility (CSR) Report, showcasing how the company is turning its values into meaningful action for customers, employees, communities, and stakeholders.
"Our purpose is to change lives for the better," said Curt Myers, Chairman, CEO and President of Fulton Bank. "In 2025, we continued to bring that purpose to life by putting our values into action: expanding access to financial services for customers, strengthening our communities, supporting our employees, and operating responsibly and sustainably."
The 2025 report highlights Fulton's impact across five CSR pillars:
Bringing Value to Communities by investing in affordable housing, workforce development, financial literacy, and economic empowerment.Delivering Value to Customers through digital innovation, small business support, and personalized financial solutions.Valuing Employees with a culture focused on professional development and inclusion.Sustaining the Environment by reducing the bank's environmental footprint and supporting customers' sustainability initiatives.Practicing Responsible Governance with appropriate oversight, ethical practices, and commitment to risk management.Among the many metrics reported, Fulton Bank provided:
$318 million in community development investments$192 million in community development loans$149 million in mortgage loans to low- and moderate-income homebuyers$58 million in Small Business Administration (SBA) loans$5.8 million in charitable contributions and donations, including $953,909 to the Fulton Forward® Foundation11,569 hours volunteered by employeesFulton's 2025 CSR Report reflects the company's continued commitment to delivering long-term value by aligning business strategy with the needs of stakeholders and communities.
Learn more in Fulton Bank's 2025 Corporate Social Responsibility Report.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation, a $34 billion financial services holding company, Fulton Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,400 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Fulton Bank, N.A., Member FDIC. Equal Housing Lender.
View original content to download multimedia:https://www.prnewswire.com/news-releases/fulton-bank-releases-2025-corporate-social-responsibility-report-302800515.html
, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on April 15, 2026, to shareholders of record as of April 1, 2026.
In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2026, to shareholders of record as of March 31, 2026, for the period from and including January 15, 2026, to but excluding, April 15, 2026.
Fulton, a more than $32 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,300 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.
Additional information on Fulton can be found at investor.fultonbank.com.
Fulton Bank N.A. lowered its stake in Fulton Financial Corporation (NASDAQ: FULT) by 30.7% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,201,278 shares of the bank's stock after selling 531,626 shares during the period. Fulton Financial makes up
Econ Financial Services Corp purchased a new position in Fulton Financial Corporation (NASDAQ:FULT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,389 shares of the bank’s stock, valued at approximately $2,018,000. Econ Financial Services Corp owned approximately 0.06% of Fulton Financial at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Fulton Financial by 373.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock worth $30,000 after purchasing an additional 1,311 shares in the last quarter. State of Wyoming bought a new position in Fulton Financial in the 2nd quarter valued at $30,000. Parallel Advisors LLC grew its position in shares of Fulton Financial by 69.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock valued at $35,000 after purchasing an additional 777 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Fulton Financial by 48.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,995 shares of the bank’s stock valued at $38,000 after purchasing an additional 647 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Fulton Financial in the third quarter worth $38,000. 72.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets A number of brokerages recently issued reports on FULT. Weiss Ratings upgraded Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. DA Davidson initiated coverage on Fulton Financial in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.50.
View Our Latest Stock Analysis on Fulton Financial
Fulton Financial Trading Up 3.5% Shares of Fulton Financial stock opened at $20.34 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Corporation has a 1 year low of $14.32 and a 1 year high of $22.99. The firm has a market cap of $3.66 billion, a PE ratio of 9.78 and a beta of 0.85. The company has a 50 day simple moving average of $20.83 and a two-hundred day simple moving average of $19.45.
Fulton Financial (NASDAQ:FULT – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $336.02 million for the quarter, compared to analyst estimates of $336.80 million. Fulton Financial had a net margin of 20.68% and a return on equity of 12.78%. During the same quarter in the prior year, the firm earned $0.48 EPS. Analysts expect that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.
Fulton Financial Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Fulton Financial’s dividend payout ratio is currently 36.54%.
Fulton Financial declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Insiders Place Their Bets In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total transaction of $97,750.00. Following the sale, the director owned 85,477 shares in the company, valued at $1,671,075.35. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.07% of the stock is owned by insiders.
Fulton Financial Profile (Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
Featured Articles Five stocks we like better than Fulton Financial Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corporation (NASDAQ:FULT – Free Report).
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEFoster & Motley Inc. Reduces Stock Position in EOG Resources, Inc. $EOG
NEXT HEADLINE »Econ Financial Services Corp Takes Position in PepsiCo, Inc. $PEP
Transaction Expands Fulton's Presence in Attractive New Jersey Markets
, /PRNewswire/ -- Fulton Financial Corporation (Nasdaq: FULT) ("Fulton") today announced the successful completion of its acquisition of Blue Foundry Bancorp (formerlyNasdaq: BLFY) ("Blue Foundry"), Rutherford, N.J. As a result of the acquisition, Fulton advances its growth plan in an important market and becomes a $34 billion financial services company.
"We are excited to welcome Blue Foundry Bank customers, employees and shareholders to the Fulton family! Completing the acquisition of Blue Foundry Bancorp marks an exciting milestone," said Curt Myers, Fulton Chairman, CEO and President. "I am proud of the collaboration between both organizations to ensure a seamless transition for Blue Foundry Bank customers as they join Fulton Bank later this year. Expanding our presence in New Jersey allows us to deepen our impact and continue changing lives for the better in the communities we serve."
Blue Foundry Bank is expected to operate as a separate, wholly owned subsidiary of Fulton until this summer, when Fulton plans to merge Blue Foundry Bank operations, systems and accounts into its existing banking subsidiary, Fulton Bank, N.A. ("Fulton Bank"). Until the bank merger and systems conversion occur, Blue Foundry Bank customers will continue to bank just as they have been at Blue Foundry Bank locations.
As previously announced and in connection with the acquisition, Fulton will make a $1.5 million contribution to the Fulton Forward® Foundation—designated to provide impact gifts to nonprofit community organizations in New Jersey.
Additional information about the transaction is available in a Current Report on Form 8-K that is being filed by Fulton with the U.S. Securities and Exchange Commission (the "SEC") simultaneously with the issuance of this press release.
About Fulton Financial Corporation
Headquartered in Lancaster, Pa., Fulton Financial Corporation is a premier community banking organization and a $34 billion asset financial holding company providing a variety of financial services through its subsidiary bank, Fulton Bank, in Pennsylvania, Maryland, Delaware, New Jersey and Virginia and Blue Foundry Bank in New Jersey. At Fulton Financial Corporation, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,500 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Member FDIC.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements." Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Fulton with respect to Fulton's acquisition of Blue Foundry (the "Transaction"), the strategic benefits and financial benefits of the Transaction, including the expected impact of the Transaction on Fulton's future financial performance. Forward-looking statements, by their nature, are subject to risks and uncertainties. There are many factors that could cause actual results to differ materially from expected results described in the forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the business of Fulton, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Fulton's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. All forward-looking statements attributable to Fulton, or persons acting on Fulton's behalf, are expressly qualified in their entirety by the cautionary statements set forth below. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. Fulton undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Factors relating to the Transaction that could cause or contribute to actual results differing materially from those contained or implied in forward-looking statements or historical performance include, in addition to those factors identified elsewhere in this communication: the possibility that revenue or expense synergies and other expected benefits of the Transaction, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the impact of, or challenges arising from, the integration of Blue Foundry into Fulton or as a result of the strength of the economy, competitive factors in the areas where Fulton and Blue Foundry do business, or as a result of other unexpected factors or events; reputational risks and potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Transaction; diversion of management's attention and time from ongoing business operations and other opportunities on matters relating to the Transaction; unanticipated challenges or delays in the integration of Blue Foundry's business into Fulton's business and/or the conversion of Blue Foundry's operating systems and customer data onto Fulton's; and other factors that may affect future results of Fulton, including continued pressures and uncertainties within the banking industry and Fulton's markets, including changes in interest rates, price fluctuations as well as other market events, and deposit amounts and composition, increased competitive pressures, operational risks, asset and credit quality deterioration, the impact of proposed or imposed tariffs by the U.S. government or retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers or any recession or slowdown in economic growth particularly in the markets in which Fulton operates, and legislative, regulatory, and fiscal policy changes and related compliance costs.
These factors are not necessarily all of the factors that could cause Fulton's actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm Fulton's results.
Further information regarding Fulton and factors that could affect the forward-looking statements contained herein can be found in Fulton's Annual Report on Form 10-K for the year ended December 31, 2025, which is accessible on the SEC's website at www.sec.gov and in the Investor Relations section of Fulton's website at www.fultonbank.com, and in other documents Fulton files with the SEC. Information on these websites is not part of this document.
MEDIA CONTACT: Lacey Dean (717) 735-8688
INVESTOR CONTACT: Pat Lafferty (717) 327-2556
, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its first quarter 2026 earnings release and accompanying charts on Wednesday, April 22, at approximately 4:30 p.m. Eastern Time.
Fulton will host a conference call with analysts on Thursday, April 23, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman, CEO and President, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO.
The link to the webcast of this call can be found at https://investor.fultonbank.com. Participants can also access the audio-only webcast at: https://edge.media-server.com/mmc/p/jqjdbt8g.
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. and Blue Foundry Bank. Additional information on Fulton can be found at https://investor.fultonbank.com.
Media Contact: Rachel Sharkey (717) 291-2831
Investor Contact: Patrick Lafferty (717) 327-2556
Shares of Fulton Financial Corporation (NASDAQ:FULT – Get Free Report) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.50.
A number of research firms have recently commented on FULT. Weiss Ratings raised shares of Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. DA Davidson began coverage on shares of Fulton Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 price objective for the company.
Get Our Latest Stock Report on Fulton Financial
Fulton Financial Stock Performance Shares of NASDAQ FULT opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 9.87 and a beta of 0.81. The business’s 50-day simple moving average is $20.82 and its 200-day simple moving average is $19.46. Fulton Financial has a 52 week low of $14.32 and a 52 week high of $22.99.
Fulton Financial (NASDAQ:FULT – Get Free Report) last posted its earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $336.02 million during the quarter, compared to analyst estimates of $336.80 million. Fulton Financial had a return on equity of 12.78% and a net margin of 20.68%.During the same period in the previous year, the company earned $0.48 EPS. As a group, equities research analysts expect that Fulton Financial will post 1.91 earnings per share for the current fiscal year.
Fulton Financial Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, April 1st. Fulton Financial’s dividend payout ratio is 36.54%.
Fulton Financial announced that its board has initiated a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the bank to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Insider Activity In other news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total value of $97,750.00. Following the transaction, the director directly owned 85,477 shares in the company, valued at approximately $1,671,075.35. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of Fulton Financial in the fourth quarter valued at approximately $25,000. Eurizon Capital SGR S.p.A. bought a new position in Fulton Financial during the fourth quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Fulton Financial during the fourth quarter worth $28,000. Torren Management LLC acquired a new position in Fulton Financial during the 4th quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Fulton Financial during the 4th quarter valued at $28,000. 72.02% of the stock is owned by institutional investors.
Fulton Financial Company Profile (Get Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
See Also Five stocks we like better than Fulton Financial
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINETaboola.com Ltd. (NASDAQ:TBLA) Given Consensus Rating of “Moderate Buy” by Brokerages
NEXT HEADLINE »Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Strong Buy” from Analysts
SG Americas Securities LLC boosted its stake in shares of Fulton Financial Corporation (NASDAQ:FULT – Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,588 shares of the bank’s stock after acquiring an additional 30,512 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Fulton Financial worth $2,679,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FULT. First Trust Advisors LP lifted its position in shares of Fulton Financial by 0.4% during the third quarter. First Trust Advisors LP now owns 5,646,713 shares of the bank’s stock worth $105,198,000 after purchasing an additional 19,855 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Fulton Financial by 25.3% in the third quarter. American Century Companies Inc. now owns 3,583,100 shares of the bank’s stock valued at $66,753,000 after purchasing an additional 723,948 shares in the last quarter. Fisher Asset Management LLC raised its position in Fulton Financial by 6.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,363,509 shares of the bank’s stock worth $62,662,000 after purchasing an additional 203,708 shares during the last quarter. Norges Bank bought a new position in Fulton Financial in the 2nd quarter worth approximately $37,813,000. Finally, Fulton Bank N.A. lifted its holdings in Fulton Financial by 1.6% during the 3rd quarter. Fulton Bank N.A. now owns 1,732,904 shares of the bank’s stock worth $32,284,000 after buying an additional 27,570 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.
Insider Activity In other news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total value of $97,750.00. Following the completion of the sale, the director directly owned 85,477 shares of the company’s stock, valued at $1,671,075.35. This represents a 5.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.
Fulton Financial Stock Performance Shares of Fulton Financial stock opened at $20.53 on Friday. The firm has a fifty day moving average of $20.83 and a two-hundred day moving average of $19.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.87 and a beta of 0.81. Fulton Financial Corporation has a 52 week low of $14.32 and a 52 week high of $22.99.
Fulton Financial (NASDAQ:FULT – Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Fulton Financial had a return on equity of 12.78% and a net margin of 20.68%.The business had revenue of $336.02 million for the quarter, compared to analyst estimates of $336.80 million. During the same period last year, the company earned $0.48 EPS. As a group, equities research analysts predict that Fulton Financial Corporation will post 1.91 EPS for the current year.
Fulton Financial declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the bank to reacquire up to 4.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Fulton Financial Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. Fulton Financial’s dividend payout ratio (DPR) is 36.54%.
Analysts Set New Price Targets A number of research firms have recently weighed in on FULT. DA Davidson initiated coverage on Fulton Financial in a research report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 target price for the company. Weiss Ratings upgraded Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.50.
Read Our Latest Report on FULT
Fulton Financial Company Profile (Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
See Also Five stocks we like better than Fulton Financial
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINESG Americas Securities LLC Has $2.72 Million Stock Position in Syndax Pharmaceuticals, Inc. $SNDX
NEXT HEADLINE »SG Americas Securities LLC Buys 30,072 Shares of Westlake Corporation $WLK
The market expects Fulton Financial (FULT - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of -3.9%.
Revenues are expected to be $336 million, up 4.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.01% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Fulton Financial?For Fulton Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.67%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Fulton Financial will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Fulton Financial would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Fulton Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Northeast industry, Bank OZK (OZK - Free Report) , is soon expected to post earnings of $1.46 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -0.7%. This quarter's revenue is expected to be $421.86 million, up 3.1% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Bank OZK has been revised 0.5% down to the current level. Nevertheless, the company now has an Earnings ESP of -4.22%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Bank OZK will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
, /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.2 million, or $0.51 per diluted share, for the first quarter of 2026, a decrease of $4.2 million in comparison to the fourth quarter of 2025. Operating net income available to common shareholders for the three months ended March 31, 2026 was $99.7 million(1), or $0.55 per diluted share(1), an increase of $0.3 million in comparison to the fourth quarter of 2025.
Fulton Financial Corporation "Our first quarter results reflect steady, solid profitability driven by disciplined execution of our strategy," said Fulton Chairman, CEO, and President, Curtis J. Myers. "The Blue Foundry Bancorp acquisition expands our presence in northern New Jersey and meaningfully advances our business objectives. We are pleased to welcome Blue Foundry Bank's team members and customers to Fulton. Our focus now turns to a seamless integration, a smooth customer transition, and the continued delivery of positive operating leverage and successful strategic outcomes."
Financial Highlights
First quarter of 2026 operating results of $0.55 per diluted share(1) were impacted by the following items:
Net interest margin remained solid at 3.58%, representing a one basis point decline from the prior quarter. Non-interest income decreased $0.1 million to $69.8 million compared to $70.0 million in the prior quarter. Non-interest expense decreased $12.7 million to $200.3 million compared to $213.0 million in the prior quarter. Operating non-interest expense decreased $13.4 million to $190.7 million(1) compared to $204.1 million in the prior quarter. Provision for credit losses was $14.4 million resulting in an allowance for credit losses attributable to net loans of $367.5 million, or 1.51% of total net loans as of March 31, 2026. Common equity tier 1 capital ratio(2) increased to approximately 11.9% compared to 11.8% in the prior quarter. During the first quarter of 2026, 1,212,650 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(3) at a cost of $24.5 million or an average of $20.21 per share. The following items highlight notable changes in the components of net income in the first quarter of 2026 compared to the fourth quarter of 2025:
Net interest income decreased $4.0 million to $262.0 million. A $10.1 million decrease in interest income on net loans and a $2.2 million decrease in interest income on investment securities were partially offset by an $8.6 million decrease in interest expense on deposits. Purchase loan mark accretion from loans acquired in the Republic Acquisition(4) was $10.3 million in the first quarter of 2026 compared to $10.5 million in the prior quarter. Non-interest income before investment securities gains (losses) was $69.8 million compared to $70.0 million in the prior quarter. The $0.1 million decrease was primarily due to decreases of $1.3 million in commercial banking fee income and $1.3 million in consumer banking fee income mainly attributable to two less days in the first quarter and seasonality, partially offset by a $1.3 million increase in income from equity method investments, reflected in other income, and a $0.6 million increase in wealth management revenues. Non-interest expense was $200.3 million compared to $213.0 million in the prior quarter. The $12.7 million decrease in non-interest expense was primarily due to a $11.7 million decrease in salaries and employee benefits expense primarily due to a $11.3 million decrease in incentive compensation expense. Acquisition-related expense associated with the Blue Foundry Bancorp transaction(5) was $2.6 million compared to $0.8 million in the prior quarter. Balance Sheet Summary
Total net loans increased $121.5 million to $24.3 billion compared to $24.1 billion as of December 31, 2025. The increase was primarily due to increases of $78.7 million in consumer loans(6) and $42.7 million in commercial loans(6) which included an opportunistic purchase of an in-market commercial loan portfolio. Deposits totaled $26.8 billion, a $178.9 million increase compared to $26.6 billion as of December 31, 2025. The increase was primarily due to increases of $362.4 million in savings deposits and $78.8 million in noninterest-bearing demand deposits, partially offset by decreases of $146.5 million in interest-bearing demand deposits and $139.2 million in brokered deposits. Provision for Credit Losses and Asset Quality
The provision for credit losses totaled $14.4 million in the first quarter of 2026, resulting in a $367.5 million allowance for credit losses attributable to net loans, or 1.51% of total net loans as of March 31, 2026, compared to $364.5 million, or 1.51% of total net loans as of December 31, 2025. Non-performing assets were $177.5 million, or 0.55% of total assets, as of March 31, 2026, in comparison to $185.2 million, or 0.58% of total assets, as of December 31, 2025. Annualized net charge-offs for the first quarter of 2026 were 0.25% of total average loans in comparison to 0.24% in the prior quarter. Additional information on Fulton is available on the Internet at www.fultonbank.com.
(1)
Financial measure derived by methods other than generally accepted accounting principles ("GAAP"). Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of the press release.
(2)
Regulatory capital ratios as of March 31, 2026, are preliminary estimates and prior periods are actual.
(3)
The 2026 Repurchase Program represents the authorization, commencing on January 1, 2026 and expiring on January 31, 2027, to repurchase up to $150 million, excluding fees, commissions, excise tax and other ancillary expenses, of the Corporation's common stock. Under this authorization, up to $25 million of the $150 million authorization may be used to repurchase the Corporation's preferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The 2026 Repurchase Program may be discontinued at any time.
(4)
On April 26, 2024, the Corporation announced that its wholly owned banking subsidiary, Fulton Bank, National Association ("Fulton Bank"), acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"), as receiver for Republic Bank (the "Republic Acquisition"), pursuant to the terms of the Purchase and Assumption Agreement - Whole Bank, All Deposits, effective as of April 26, 2024 among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank.
(5)
On November 24, 2025, the Corporation announced that it had entered into an Agreement and Plan of Merger (the "Merger Agreement") by and between the Corporation and Blue Foundry Bancorp, a Delaware corporation ("Blue Foundry"), pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, (i) Blue Foundry will merge with and into the Corporation (the "Merger"), with the Corporation surviving the Merger and (ii) following the Merger, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry, will merge with and into Fulton Bank, a national banking association and wholly owned subsidiary of the Corporation, with Fulton Bank continuing as the surviving bank. Effective April 1, 2026, the Corporation completed the Merger. Following the Merger, Blue Foundry Bank will operate as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merges with and into Fulton Bank, which is expected to occur during the summer of 2026 around the time of systems conversion.
(6)
Commercial loans include real estate - commercial mortgage, commercial and industrial, leases and other loans and includes a decrease in commercial construction loans of $96.1 million, reflected in real estate - construction. Consumer loans include real estate - residential mortgage, real estate - home equity, consumer and includes an increase of $2.3 million in residential construction loans, reflected in real estate - construction.
Note: Some numbers contained in this document may not sum due to rounding.
Safe Harbor Statement
This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results.
Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).
Non-GAAP Financial Measures
The Corporation uses certain financial measures in this press release that have been derived from methods other than GAAP. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release.
FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
(dollars in thousands, except per share and shares data)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Ending Balances
Investment securities(1)
$ 4,861,967
$ 4,833,744
$ 5,045,270
$ 5,093,027
$ 5,071,323
Net loans
24,266,345
24,144,884
24,041,489
24,012,539
23,862,574
Total assets
32,237,438
32,118,400
31,995,086
32,040,448
32,132,028
Deposits
26,768,335
26,589,407
26,332,490
26,138,067
26,328,972
Shareholders' equity
3,505,283
3,490,447
3,413,598
3,329,246
3,274,321
Average Balances
Investment securities(1)
4,785,276
4,921,669
5,025,072
5,084,371
4,906,952
Net loans
24,225,655
24,053,089
24,020,322
23,899,743
24,006,863
Total assets
31,999,228
32,013,163
31,924,038
31,901,574
31,971,601
Deposits
26,451,094
26,537,659
26,298,680
26,125,602
26,169,883
Shareholders' equity
3,543,911
3,464,539
3,361,368
3,304,015
3,254,125
Income Statement
Net interest income
262,023
266,042
264,198
254,921
251,187
Provision for credit losses
14,442
2,948
10,245
8,607
13,898
Non-interest income
69,841
69,980
70,407
69,148
67,232
Non-interest expense
200,294
212,986
196,574
192,811
189,460
Income before taxes
117,128
120,088
127,786
122,651
115,061
Net income available to common
shareholders
92,199
96,408
97,892
96,636
90,425
Per Share
Net income available to common
shareholders (basic)
$0.51
$0.53
$0.54
$0.53
$0.50
Net income available to common
shareholders (diluted)
$0.51
$0.53
$0.53
$0.53
$0.49
Operating net income available to common
shareholders(2)
$0.55
$0.55
$0.55
$0.55
$0.52
Cash dividends
$0.19
$0.19
$0.18
$0.18
$0.18
Common shareholders' equity
$18.52
$18.33
$17.81
$17.20
$16.91
Common shareholders' equity (tangible)(2)
$15.12
$14.92
$14.39
$13.78
$13.46
Weighted average shares (basic)
179,720
180,405
181,658
182,261
182,179
Weighted average shares (diluted)
181,655
182,197
183,349
183,813
184,077
(1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Asset Quality
Net charge-offs to average loans (annualized)
0.25 %
0.24 %
0.18 %
0.20 %
0.21 %
Non-performing loans to total net loans
0.72 %
0.76 %
0.83 %
0.89 %
0.82 %
Non-performing assets to total assets
0.55 %
0.58 %
0.63 %
0.67 %
0.62 %
ACL - loans(1) to total loans
1.51 %
1.51 %
1.57 %
1.57 %
1.59 %
ACL - loans(1) to non-performing loans
209 %
198 %
189 %
177 %
193 %
Profitability
Return on average assets
1.20 %
1.23 %
1.25 %
1.25 %
1.18 %
Operating return on average assets(2)
1.30 %
1.27 %
1.29 %
1.30 %
1.25 %
Return on average common shareholders'
equity
11.16 %
11.69 %
12.26 %
12.46 %
11.98 %
Operating return on average common
shareholders' equity (tangible)(2)
14.76 %
14.86 %
15.79 %
16.26 %
15.95 %
Net interest margin
3.58 %
3.59 %
3.57 %
3.47 %
3.43 %
Efficiency ratio(2)
56.7 %
60.0 %
56.5 %
57.1 %
56.7 %
Non-interest expense to total average assets
2.54 %
2.64 %
2.44 %
2.42 %
2.40 %
Operating non-interest expense to total
average assets(2)
2.42 %
2.53 %
2.38 %
2.36 %
2.32 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)
8.6 %
8.5 %
8.3 %
8.0 %
7.8 %
Tier 1 leverage ratio
9.9 %
9.7 %
9.6 %
9.4 %
9.2 %
Common equity Tier 1 capital ratio
11.9 %
11.8 %
11.6 %
11.3 %
11.1 %
Tier 1 risk-based capital ratio
12.7 %
12.6 %
12.4 %
12.1 %
11.9 %
Total risk-based capital ratio
15.1 %
15.2 %
15.0 %
14.7 %
14.5 %
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet
("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Regulatory capital ratios as of March 31, 2026 are preliminary estimates and prior periods are actual.
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Net Interest Income:
Interest income
$ 390,056
$ 403,416
$ 411,006
$ 402,761
$ 399,692
Interest expense
128,033
137,374
146,808
147,840
148,505
Net Interest Income
262,023
266,042
264,198
254,921
251,187
Provision for credit losses
14,442
2,948
10,245
8,607
13,898
Net Interest Income after Provision
247,581
263,094
253,953
246,314
237,289
Non-Interest Income:
Wealth management
24,496
23,879
22,639
22,281
21,785
Commercial banking:
Merchant and card
6,343
6,847
7,327
7,376
6,591
Cash management
8,363
8,374
8,335
8,376
7,799
Capital markets
3,614
3,730
2,908
2,945
2,411
Other commercial banking
4,486
5,162
4,595
4,734
4,528
Total commercial banking
22,806
24,113
23,165
23,431
21,329
Consumer banking:
Card
7,887
8,366
8,246
7,958
7,544
Overdraft
3,798
4,109
4,153
3,817
3,295
Other consumer banking
2,491
2,967
2,775
2,753
2,229
Total consumer banking
14,176
15,442
15,174
14,528
13,068
Mortgage banking
3,955
3,636
3,711
3,991
3,138
Other
4,408
2,910
5,718
4,917
7,914
Non-interest income before investment securities (losses) gains
69,841
69,980
70,407
69,148
67,234
Investment securities (losses) gains, net
—
—
—
—
(2)
Total Non-Interest Income
69,841
69,980
70,407
69,148
67,232
Non-Interest Expense:
Salaries and employee benefits
109,917
121,632
111,265
107,123
103,526
Data processing and software
18,662
19,695
18,535
18,262
18,599
Net occupancy
18,229
17,554
15,954
16,410
18,207
Other outside services
12,750
13,105
12,951
12,009
11,837
Intangible amortization
5,349
5,365
5,368
5,460
6,269
FDIC insurance
4,249
4,540
5,089
4,951
5,597
Equipment
3,924
4,001
3,926
4,100
4,150
Professional fees
2,239
2,088
2,320
2,163
(1,078)
Marketing
2,331
1,694
2,470
2,604
2,521
Acquisition-related expenses
2,644
802
—
—
380
Other
20,000
22,510
18,696
19,729
19,452
Total Non-Interest Expense
200,294
212,986
196,574
192,811
189,460
Income Before Income Taxes
117,128
120,088
127,786
122,651
115,061
Income tax expense
22,367
21,118
27,332
23,453
22,074
Net Income
94,761
98,970
100,454
99,198
92,987
Preferred stock dividends
(2,562)
(2,562)
(2,562)
(2,562)
(2,562)
Net Income Available to Common Shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
PER SHARE:
Net income available to common shareholders (basic)
$0.51
$0.53
$0.54
$0.53
$0.50
Net income available to common shareholders (diluted)
$0.51
$0.53
$0.53
$0.53
$0.49
Cash dividends
$0.19
$0.19
$0.18
$0.18
$0.18
Weighted average shares (basic)
179,720
180,405
181,658
182,261
182,179
Weighted average shares (diluted)
181,655
182,197
183,349
183,813
184,077
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
March 31, 2026
December 31, 2025
March 31, 2025
Average
Yield/
Average
Yield/
Average
Yield/
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$ 24,225,655
$ 341,843
5.70 %
$ 24,053,089
$ 352,014
5.82 %
$ 24,006,863
$ 347,626
5.86 %
Investment securities(3)
5,001,079
44,771
3.58 %
5,159,396
47,007
3.64 %
5,199,000
47,242
3.63 %
Other interest-earning assets
773,171
7,745
4.05 %
820,025
8,811
4.27 %
793,126
9,164
4.67 %
Total Interest-Earning Assets
29,999,905
394,359
5.31 %
30,032,510
407,832
5.40 %
29,998,989
404,032
5.44 %
Noninterest-earning assets:
Cash and due from banks
300,074
284,768
301,897
Premises and equipment
173,203
178,194
191,248
Other assets
1,896,687
1,898,152
1,864,996
Less: ACL - loans(4)
(370,641)
(380,461)
(385,529)
Total Assets
$ 31,999,228
$ 32,013,163
$ 31,971,601
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Demand deposits
$ 7,774,121
$ 29,036
1.51 %
$ 7,984,980
$ 33,831
1.68 %
$ 7,753,586
$ 34,189
1.79 %
Savings deposits
8,684,478
44,663
2.09 %
8,519,075
47,219
2.20 %
7,971,728
45,101
2.29 %
Brokered deposits
856,823
8,210
3.89 %
803,755
8,325
4.11 %
904,722
10,038
4.50 %
Time deposits
4,015,644
33,896
3.42 %
3,986,459
34,996
3.48 %
4,127,784
41,564
4.08 %
Total Interest-Bearing Deposits
21,331,066
115,805
2.20 %
21,294,269
124,371
2.32 %
20,757,820
130,892
2.56 %
Borrowings and other interest-bearing
liabilities
1,359,113
12,228
3.65 %
1,345,837
13,003
3.83 %
1,754,900
17,613
4.07 %
Total Interest-Bearing Liabilities
22,690,179
128,033
2.29 %
22,640,106
137,374
2.41 %
22,512,720
148,505
2.67 %
Noninterest-bearing liabilities:
Demand deposits
5,120,028
5,243,390
5,412,063
Other liabilities
645,110
665,128
792,693
Total Liabilities
28,455,317
28,548,624
28,717,476
Total Deposits
26,451,094
1.78 %
26,537,659
1.86 %
26,169,883
2.03 %
Total interest-bearing liabilities and
non-interest bearing deposits (cost of
funds)
27,810,207
1.87 %
27,883,496
1.96 %
27,924,783
2.15 %
Shareholders' equity
3,543,911
3,464,539
3,254,125
Total Liabilities and Shareholders'
Equity
$ 31,999,228
$ 32,013,163
$ 31,971,601
Net interest income/net interest margin
(fully taxable equivalent)
266,326
3.58 %
270,458
3.59 %
255,527
3.43 %
Tax equivalent adjustment
(4,303)
(4,416)
(4,340)
Net Interest Income
$ 262,023
$ 266,042
$ 251,187
(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
(2) Average balances include non-performing loans.
(3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.
FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Loans, by type:
Real estate - commercial mortgage
$ 9,930,713
$ 9,785,717
$ 9,721,395
$ 9,652,320
$ 9,655,283
Commercial and industrial
4,522,694
4,473,522
4,494,662
4,530,085
4,608,401
Real estate - residential mortgage
6,696,646
6,646,318
6,560,413
6,448,443
6,367,978
Real estate - home equity
1,235,977
1,223,293
1,191,465
1,179,109
1,160,713
Real estate - construction
926,026
1,014,343
1,125,130
1,172,138
1,296,090
Consumer
576,852
577,136
590,658
599,505
615,741
Leases and other loans(1)
336,747
332,760
336,599
318,142
302,657
Total Net Loans
$ 24,225,655
$ 24,053,089
$ 24,020,322
$ 23,899,742
$ 24,006,863
Deposits, by type:
Noninterest-bearing demand
$ 5,120,028
$ 5,243,390
$ 5,239,393
$ 5,303,997
$ 5,412,063
Interest-bearing demand
7,774,121
7,984,980
7,876,227
7,800,881
7,753,586
Savings
8,684,478
8,519,075
8,391,379
8,219,637
7,971,728
Total demand and savings
21,578,627
21,747,445
21,506,999
21,324,515
21,137,377
Brokered
856,823
803,755
694,486
688,957
904,722
Time
4,015,644
3,986,459
4,097,195
4,112,130
4,127,784
Total Deposits
$ 26,451,094
$ 26,537,659
$ 26,298,680
$ 26,125,602
$ 26,169,883
Borrowings, by type:
Federal funds purchased
$ —
$ 54
$ —
$ 1,099
$ —
Federal Home Loan Bank advances
221,039
237,880
484,022
712,198
709,367
Senior debt and subordinated debt
367,679
367,598
367,517
367,438
367,357
Other borrowings and other interest-bearing liabilities
770,395
740,305
713,456
675,511
678,176
Total Borrowings
$ 1,359,113
$ 1,345,837
$ 1,564,995
$ 1,756,246
$ 1,754,900
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Allowance for credit losses related to net loans:
Balance at beginning of period
$ 364,462
$ 376,258
$ 377,337
$ 379,677
$ 379,156
Initial allowance for credit losses on purchased loans
3,351
—
—
—
—
Loans charged off:
Real estate - commercial mortgage
(4,102)
(14,104)
(3,906)
(6,402)
(12,106)
Commercial and industrial
(10,545)
(5,295)
(5,847)
(5,780)
(3,865)
Real estate - residential mortgage
(391)
(58)
(394)
(258)
(343)
Consumer and home equity
(2,164)
(2,212)
(2,527)
(1,885)
(2,193)
Real estate - construction
—
—
(5,286)
(100)
—
Leases and other loans(2)
(1,116)
(1,140)
(1,479)
(1,491)
(1,527)
Total loans charged off
(18,318)
(22,809)
(19,439)
(15,916)
(20,034)
Recoveries of loans previously charged off:
Real estate - commercial mortgage
701
633
4,307
133
374
Commercial and industrial
740
6,592
3,205
2,628
5,952
Real estate - residential mortgage
72
230
33
203
174
Consumer and home equity
584
861
726
899
660
Real estate - construction
884
—
47
99
82
Leases and other loans(2)
429
146
192
240
201
Total recoveries of loans previously charged off
3,410
8,462
8,510
4,202
7,443
Net loans charged off
(14,908)
(14,347)
(10,929)
(11,714)
(12,591)
Provision for credit losses(1)
14,584
2,551
9,850
9,374
13,112
Balance at end of period
$ 367,489
$ 364,462
$ 376,258
$ 377,337
$ 379,677
Net charge-offs to average loans(3)
0.25 %
0.24 %
0.18 %
0.20 %
0.21 %
Provision for credit losses related to OBS Credit Exposures
Provision for credit losses(1)
$ (142)
$ 397
$ 395
$ (767)
$ 786
NON-PERFORMING ASSETS:
Non-accrual loans
$ 142,035
$ 153,872
$ 150,137
$ 182,942
$ 162,426
Loans 90 days past due and accruing
33,816
29,924
48,597
29,949
34,367
Total non-performing loans
175,851
183,796
198,734
212,891
196,793
Other real estate owned
1,648
1,365
2,305
2,706
2,193
Total non-performing assets
$ 177,499
$ 185,161
$ 201,039
$ 215,597
$ 198,986
NON-PERFORMING LOANS, BY TYPE:
Commercial and industrial
$ 47,759
$ 47,756
$ 48,817
$ 45,565
$ 42,913
Real estate - commercial mortgage
64,890
74,981
87,789
90,852
88,081
Real estate - residential mortgage
47,826
45,569
44,689
37,703
46,878
Consumer and home equity
12,339
11,875
12,658
11,109
12,682
Real estate - construction
3,000
2,267
3,461
25,602
3,666
Leases and other loans(2)
37
1,348
1,320
2,060
2,573
Total non-performing loans
$ 175,851
$ 183,796
$ 198,734
$ 212,891
$ 196,793
(1) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
(3) Quarterly results are annualized.
FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)
Explanatory note:
This press release contains supplemental financial information, as detailed below, that has been derived by
methods other than GAAP. The Corporation has presented these non-GAAP financial measures because it
believes that these measures provide useful and comparative information to assess trends in the Corporation's
results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent
with how the Corporation evaluates its performance internally and these non-GAAP financial measures are
frequently used by securities analysts, investors and other interested parties in the evaluation of companies in
the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP
measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the
Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled
measures of other companies. These non-GAAP financial measures should not be considered a substitute for
GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated
financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly
comparable GAAP measure follow:
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Operating net income available to common shareholders
Net income available to common shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Core deposit intangible amortization
5,255
5,255
5,255
5,346
6,155
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(1,985)
(791)
(905)
(1,064)
(1,337)
Operating net income available to common shareholders (numerator)
$ 99,669
$ 99,385
$ 101,297
$ 100,639
$ 95,454
Weighted average shares (diluted) (denominator)
181,655
182,197
183,349
183,813
184,077
Operating net income available to common shareholders, per share
(diluted)
$ 0.55
$ 0.55
$ 0.55
$ 0.55
$ 0.52
Common shareholders' equity (tangible), per share
Shareholders' equity
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
$ 3,274,321
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Tangible common shareholders' equity (numerator)
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
$ 2,452,254
Shares outstanding, end of period (denominator)
178,843
179,895
180,865
182,379
182,204
Common shareholders' equity (tangible), per share
$ 15.12
$ 14.92
$ 14.39
$ 13.78
$ 13.46
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the
provision for credit losses related to a loan acquired in the Republic Acquisition.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Operating return on average assets
Net income
$ 94,761
$ 98,970
$ 100,454
$ 99,198
$ 92,987
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Core deposit intangible amortization
5,255
5,255
5,255
5,346
6,155
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(1,985)
(791)
(905)
(1,064)
(1,337)
Operating net income (numerator)
$ 102,231
$ 101,947
$ 103,859
$ 103,201
$ 98,016
Total average assets
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
$ 31,971,601
Less: Average net core deposit intangible
(54,629)
(60,726)
(65,999)
(71,282)
(77,039)
Total operating average assets (denominator)
$ 31,944,599
$ 31,952,437
$ 31,858,039
$ 31,830,292
$ 31,894,562
Operating return on average assets(2)
1.30 %
1.27 %
1.29 %
1.30 %
1.25 %
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Intangible amortization
5,349
5,365
5,368
5,460
6,269
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(2,005)
(814)
(929)
(1,088)
(1,361)
Adjusted net income available to common shareholders (numerator)
$ 99,743
$ 99,472
$ 101,386
$ 100,729
$ 95,544
Average shareholders' equity
$ 3,543,911
$ 3,464,539
$ 3,361,368
$ 3,304,015
$ 3,254,125
Less: Average preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Average goodwill and intangible assets
(610,262)
(615,600)
(620,986)
(626,383)
(632,254)
Average tangible common shareholders' equity (denominator)
$ 2,740,771
$ 2,656,061
$ 2,547,504
$ 2,484,754
$ 2,428,993
Operating return on average common shareholders' equity (tangible)(2)
14.76 %
14.86 %
15.79 %
16.26 %
15.95 %
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
$ 3,274,321
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Tangible common shareholders' equity (numerator)
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
$ 2,452,254
Total assets
$ 32,237,438
$ 32,118,400
$ 31,995,086
$ 32,040,448
$ 32,132,028
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Total tangible assets (denominator)
$ 31,629,791
$ 31,505,404
$ 31,376,725
$ 31,416,719
$ 31,502,839
Tangible common equity to tangible assets
8.55 %
8.52 %
8.29 %
8.00 %
7.78 %
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the
provision for credit losses related to a loan acquired in the Republic Acquisition.
(2) Results are annualized.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Efficiency ratio
Non-interest expense
$ 200,294
$ 212,986
$ 196,574
$ 192,811
$ 189,460
Less: Acquisition-related expense
(2,644)
(802)
—
—
(380)
Less: FDIC special assessment
—
95
—
—
—
Less: FultonFirst implementation and asset disposals
(1,556)
(2,795)
207
270
47
Less: Intangible amortization
(5,349)
(5,365)
(5,368)
(5,460)
(6,269)
Operating non-interest expense (numerator)
$ 190,745
$ 204,119
$ 191,413
$ 187,621
$ 182,858
Net interest income
$ 262,023
$ 266,042
$ 264,198
$ 254,921
$ 251,187
Tax equivalent adjustment
4,303
4,416
4,436
4,389
4,340
Plus: Total non-interest income
69,841
69,980
70,407
69,148
67,232
Less: Other revenue
—
11
(138)
(9)
(122)
Plus: Investment securities (gains) losses, net
—
—
—
—
2
Total revenue (denominator)
$ 336,167
$ 340,449
$ 338,903
$ 328,449
$ 322,639
Efficiency ratio
56.7 %
60.0 %
56.5 %
57.1 %
56.7 %
Operating non-interest expense to total average assets
Non-interest expense
$ 200,294
$ 212,986
$ 196,574
$ 192,811
$ 189,460
Less: Intangible amortization
(5,349)
(5,365)
(5,368)
(5,460)
(6,269)
Less: Acquisition-related expense
(2,644)
(802)
—
—
(380)
Less: FDIC special assessment
—
95
—
—
—
Less: FultonFirst implementation and asset disposals
(1,556)
(2,795)
207
270
47
Operating non-interest expense (numerator)
$ 190,745
$ 204,119
$ 191,413
$ 187,621
$ 182,858
Total average assets (denominator)
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
$ 31,971,601
Operating non-interest expenses to total average assets(1)
2.42 %
2.53 %
2.38 %
2.36 %
2.32 %
(1) Results are annualized.
Media Contact: Lacey Dean (717) 735-8688
Investor Contact: Rick Kraemer (717) 327-2567
Fulton Financial (FULT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.00%. A quarter ago, it was expected that this financial holding company would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fulton Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $336.17 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $322.76 million. The company has topped consensus revenue estimates three times over the last four quarters.
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.
Fulton Financial shares have added about 13.1% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for Fulton Financial?While Fulton Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fulton Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $366 million in revenues for the coming quarter and $2.09 on $1.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ConnectOne Bancorp (CNOB - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 23.
This holding company for ConnectOne Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +43.1%. The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level.
ConnectOne Bancorp's revenues are expected to be $116.22 million, up 65.5% from the year-ago quarter.
Fulton Financial (FULT - Free Report) reported $336.17 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.2%. EPS of $0.55 for the same period compares to $0.52 a year ago.
The reported revenue represents a surprise of -0.32% over the Zacks Consensus Estimate of $337.25 million. With the consensus EPS estimate being $0.50, the EPS surprise was +10%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
Here is how Fulton Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.6% versus the two-analyst average estimate of 3.6%.Efficiency Ratio: 56.7% versus the two-analyst average estimate of 60.7%.Total Non-Interest Income: $69.84 million versus $68.35 million estimated by two analysts on average.View all Key Company Metrics for Fulton Financial here>>>
Shares of Fulton Financial have returned +9.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Fulton Financial (NASDAQ:FULT) reported first-quarter 2026 operating earnings of $0.55 per diluted share, as management pointed to “strong revenue generation and prudent expense management” that produced positive operating leverage and an improved efficiency ratio.
Chairman, CEO and President Curt Myers said the quarter reflected “the strength of our foundation and the consistent execution of our strategy,” adding that the company continued to make progress by “growing the company, delivering effectively, and operating with excellence.”
Quarterly performance and profitability Senior EVP and CFO Rick Kraemer said operating net income available to common shareholders was $99.7 million, or $0.55 per diluted share, consistent with the prior quarter. On a GAAP basis, earnings were $0.51 per diluted share, with the difference “primarily driven by acquisition-related expenses for deposit and tangible amortization and other non-operating items,” according to Kraemer.
Myers cited operating profitability metrics of 1.30% return on average assets and 14.76% return on tangible common equity. He also said pre-provision net revenue increased $9.2 million from the prior quarter to $141 million and that the efficiency ratio improved to 56.7%.
Net interest income, margin, and balance sheet trends Net interest income totaled $262 million, down about $4 million from the fourth quarter, which Kraemer attributed largely to day-count effects. He said interest income declined due to “slightly lower loan and security yields,” while interest expense also fell as the company continued managing deposit pricing and improved its funding mix.
Fulton’s net interest margin was 3.58%, down one basis point from the prior quarter. Kraemer said margin performance reflected “underlying structural stability rather than short-term tactical actions,” with deposit pricing discipline largely offsetting asset yield pressure. He also noted that brokered balances declined further during the quarter and described the company’s interest rate risk profile as “relatively neutral.”
On funding, Kraemer said average deposit balances were stable while ending balances increased $179 million, driven by higher savings balances and an increase in non-interest-bearing demand deposits. Total cost of funds decreased nine basis points due to pricing actions and favorable mix.
Loan balances increased $121 million during the quarter, with Myers highlighting that growth was led primarily by commercial mortgage and included “an opportunistic purchase of an in-market commercial loan portfolio.” He said that was partially offset by lower construction balances and the planned runoff of the indirect auto portfolio. Kraemer added that credit spreads on originated loans “remained stable” and said the company continued to emphasize disciplined pricing and return thresholds.
Myers provided additional detail on the portfolio purchase in the Q&A, describing it as a “commercial portfolio right in the heart of our franchise” purchased from a “high-quality institution.” He said the portfolio was around $200 million with an average loan size of about $1.2 million and was “a pretty similar customer base to ours.”
In securities, Kraemer said the investment portfolio increased $28 million and remained 15% of total assets. He added that accumulated other comprehensive income increased $23 million during the quarter due to a late-March rise in interest rates.
Fees, expenses, and credit Non-interest income was $69.8 million, “effectively flat” with the prior quarter, Kraemer said. Wealth management revenue increased and was partially offset by seasonal declines in other fee categories and the impact of two fewer days in the quarter. Myers said fee income grew more than 9% year over year across all businesses versus the first quarter of 2025, led by a 12% increase in wealth management, and again represented more than 20% of total revenue.
Non-interest expense totaled $200.3 million, down $12.7 million from the prior quarter, driven by lower incentive compensation and non-personnel cost discipline, partially offset by $2.6 million of acquisition-related expenses, Kraemer said. On an operating basis, expenses were $190.7 million. Asked about expense expectations, Kraemer said the company remained comfortable with its annual guidance and that it implied operating expenses rising from “that 191 operating base today on a standalone basis to something closer to 200 by the end of the year.”
On credit, the provision for credit losses was $14.4 million, resulting in an allowance for credit losses of $367.5 million, or 1.51% of total loans, Kraemer said. Non-performing assets improved to 55 basis points of total assets from 58 basis points in the fourth quarter, and net charge-offs were 25 basis points of average loans annualized. In the Q&A, management said classified and criticized assets continued to trend down and that credit metrics were stable or moving in a positive direction.
Blue Foundry acquisition, capital, and outlook Myers and Kraemer highlighted the closing of Fulton’s acquisition of Blue Foundry Bancorp on April 1, which will be reflected in second-quarter results. Myers said the company’s focus is “thoughtful integration, supporting customers, aligning teams,” with integration planning progressing and efforts expected to be completed later in the summer.
Kraemer said the deal is expected to be “immediately earnings and tangible book accretive in line with previous expectations,” with revenue enhancements driven primarily by relationship expansion. In response to a question about margins following the close, Kraemer said directionally net interest margin should be higher as purchase accounting accretion begins in the second quarter, while also noting deposit repricing “is starting to trough” and pointing to upcoming fixed-rate asset repricing in the back book.
Management also discussed the strategic appeal of Blue Foundry’s Northern New Jersey presence. Myers said Fulton already had a small footprint in the market and that the acquisition “gets us in that market in a bigger way,” adding that Fulton sees opportunities to “go up market in real estate” as well as in wealth and mortgage. He said there was nothing on Blue Foundry’s balance sheet that Fulton planned to purposefully run off. Kraemer added that some of Blue Foundry’s originations had been brokered or third-party and that Fulton could “replace that with Fulton-originated paper,” which he said should help spreads and absolute yields.
On capital, Kraemer said the CET1 ratio increased to about 11.9% and the tangible common equity ratio improved to 8.6%. Fulton repurchased about $24.5 million of common stock during the quarter under its 2026 authorization. In the Q&A, management said it does not manage to specific capital ratio targets and views capital as “pretty robust,” prioritizing organic growth, flexibility for other opportunities, and opportunistic repurchases. Myers said $125 million remained under the authorization.
Looking ahead, Kraemer said Fulton affirmed full-year 2026 operating guidance, with the only change being an updated interest rate assumption to reflect a 25 basis point cut in July rather than March. He reiterated expectations for annualized mid-single-digit loan growth, controlled expense growth, and strong capital generation.
About Fulton Financial (NASDAQ:FULT) Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
Featured Stories Five stocks we like better than Fulton Financial
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Lancaster, Fulton Financial (FULT - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 12.42%. Currently paying a dividend of $0.19 per share, the company has a dividend yield of 3.5%. In comparison, the Banks - Northeast industry's yield is 2.34%, while the S&P 500's yield is 1.39%.
Looking at dividend growth, the company's current annualized dividend of $0.76 is up 4.1% from last year. Over the last 5 years, Fulton Financial has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fulton Financial's current payout ratio is 35%, meaning it paid out 35% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, FULT expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.17 per share, which represents a year-over-year growth rate of 0.46%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FULT is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
, /PRNewswire/ -- Fulton Financial Corporation (Nasdaq: FULT) ("Fulton") today announced the pricing of its underwritten public offering of $300 million aggregate principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2036 (the "Notes"). The Notes will bear interest from and including May 5, 2026 to, but excluding, May 15, 2031, at a fixed rate of 5.950% per annum, payable semi-annually in arrears. From and including May 15, 2031 to, but excluding, May 15, 2036 (unless redeemed prior to such date), the Notes will bear interest at a floating rate per annum equal to the Three-Month Term SOFR, plus 217 basis points, payable quarterly in arrears.
The Notes may be redeemed, at the option of Fulton, beginning on May 15, 2031, and on any date thereafter, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption.
Fulton intends to use the net proceeds from this offering to repay $195 million aggregate principal amount of its outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes. The offering is expected to close on or about May 5, 2026, subject to customary closing conditions.
Piper Sandler and J.P. Morgan acted as joint book-running managers in the Notes offering.
The Notes are being offered pursuant to an effective registration statement (File No. 333-289488) which Fulton filed with the Securities and Exchange Commission (the "SEC") by means of a prospectus supplement and accompanying base prospectus.
Copies of the prospectus supplement and accompanying base prospectus relating to the offering of the Notes can be obtained without charge by visiting the SEC's website at www.sec.gov, or may be obtained from: Piper Sandler & Co., at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, by email at [email protected], or by calling 1 (866) 805-4128 or J.P. Morgan Securities LLC, at 270 Park Avenue, New York, New York 10017, or by calling 1 (212) 834-4533.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Fulton Financial Corporation
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. and Blue Foundry Bank. Additional information on Fulton can be found at https://investor.fultonbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements include statements regarding the offering of the Notes and Fulton's redemption of its outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030. Fulton may be unable to close the offering on the anticipated date, or at all. There can be no guarantee that Fulton will redeem the 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 in full, in part or at all.
Forward-looking statements are neither historical facts nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of Fulton's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Fulton's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. You should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. Fulton undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting Fulton, and some of the factors that could cause Fulton's actual results to differ materially from those described in the forward-looking statements, can be found in Fulton's Annual Report on Form 10-K for the year ended December 31, 2025, which is accessible on the SEC's website at www.sec.gov and in the Investor Relations section of Fulton's website at www.fultonbank.com, and in other documents Fulton files with the SEC. Information on these websites is not part of this document.
Investor Relations Contact: Pat Lafferty
(717) 327-2556
Financial services stocks are quietly running one of the better setups in the market right now. The 10-year Treasury is parked at 4.42%, the 30-year is near 5.00%, and BEA data shows the financial sector generated $897.1 billion in profits in Q4 2025, up 9.6% year over year. Higher long rates are widening lending spreads while digital-first operators capture deposits cheaply. Sub-$50 entry points into this group are getting harder to dismiss.
With Synchrony Financial (NYSE:SYF | SYF Price Prediction) trading above our price ceiling, here are three financial services stocks under $50 where digitization and rates tailwinds are showing up in the numbers.
SoFi Technologies (NASDAQ: SOFI) SoFi Technologies (NASDAQ:SOFI) is a digital one-stop financial services platform spanning lending, banking, brokerage, and stablecoins. At $18.47, SoFi offers high-growth fintech without a triple-digit price tag.
Q1 2026 revenue hit $1.10 billion, a 4.87% beat, while GAAP net income climbed 134.45% to $166.73 million. Loan originations set a record at $12.18 billion, up 68%, and deposits now fund over 90% of liabilities. Full-year 2026 guidance calls for roughly 30% revenue growth and $0.60 in adjusted EPS.
SoFi is compounding members at 35% annually with 43% of new products coming from existing members. CEO Anthony Noto framed it as “durable growth and strong returns, fueled by our relentless focus on innovation and brand building”. Reddit’s r/stocks recovery narrative pushed sentiment scores to 78 by May 10.
Technology Platform revenue fell 27% after a large client departure, and personal loan charge-offs ticked up to 3.03%. The lending and banking engines are doing the heavy lifting, and the digital franchise looks intact.
Ally Financial (NYSE: ALLY) Ally Financial (NYSE:ALLY) is the largest all-digital bank in the U.S. and a top-tier auto lender. At $42, it sits under the ceiling with a real dividend attached.
Q1 2026 adjusted EPS came in at $1.11 versus $0.94 consensus, a 17.93% beat and Ally’s fourth straight quarter beating estimates. NIM ex-OID expanded 17 bps year over year to 3.52%, with management guiding to 3.60%–3.70% for the full year. Auto originations hit $11.50 billion on a record 4.4 million applications, while retail auto net charge-offs improved to 1.97%.
The rate environment is widening spreads on the auto book while Ally Bank pulls in cheap retail deposits, now $146 billion across 3.5 million customers and a 68th consecutive quarter of customer growth. CEO Michael Rhodes called the Focused. Forward. strategy a clear win. The $0.30 quarterly dividend and $147 million in buybacks add a capital-return kicker.
Tariff policy could pressure vehicle demand and residuals, and a sudden rate-cut cycle would compress that NIM tailwind. The credit trajectory and digital deposit moat blunt both concerns for now.
Fulton Financial (NASDAQ: FULT) Fulton Financial (NASDAQ:FULT) is a Mid-Atlantic regional bank undergoing digital transformation called FultonFirst. At $21.84, it is the smallest name here, with a $4.06 billion market cap.
Q1 2026 operating EPS was $0.55 versus $0.49 expected, a 12.24% beat. NIM held at 3.58% as deposit costs fell 8 bps to 1.78%. On April 1, Fulton closed its Blue Foundry Bancorp acquisition, adding roughly $2.1 billion in assets and a New Jersey footprint. Analysts have a $23.00 price target on the name.
A regional bank using digitization to compete with the giants while higher rates protect spreads. FY2026 NII guidance of $1.12–$1.14 billion and FY2025 operating EPS growth of 17% show the model is working. A $0.19 quarterly dividend and roughly $126 million remaining on the buyback round out the return profile.
Provision for credit losses jumped to $14.4 million from $2.9 million, and C&I charge-offs doubled to $10.5 million. Integration of Blue Foundry adds execution risk. The deposit franchise and rate setup keep the thesis intact.
A low share price by itself is never a reason to buy a stock. Each of these names carries real operational and macro risks, and the financial services backdrop can shift quickly if the rate curve flattens or credit deteriorates faster than expected. Use this as a starting point, then dig into the filings, the guidance, and your own risk tolerance before committing capital.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Lancaster, Fulton Financial (FULT - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 8.69%. The financial holding company is currently shelling out a dividend of $0.19 per share, with a dividend yield of 3.62%. This compares to the Banks - Northeast industry's yield of 2.3% and the S&P 500's yield of 1.43%.
Looking at dividend growth, the company's current annualized dividend of $0.76 is up 4.1% from last year. Over the last 5 years, Fulton Financial has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fulton Financial's current payout ratio is 35%, meaning it paid out 35% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for FULT for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.17 per share, which represents a year-over-year growth rate of 0.46%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FULT is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
