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CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora today announced an agreement with Kite, a Gilead Company, to support the distribution of Kite's U.S. Food and Drug Administration (FDA)-approved CAR T-cell therapies, Yescarta® (axicabtagene ciloleucel) and Tecartus® (brexucabtagene autoleucel). The collaboration is designed to support efficient access to the cell therapies at the increasing number of authorized treatment centers in the U.S., including health systems and community oncology practices.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cencora, Inc. ("Cencora" or the "Company") (NYSE: COR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Cencora and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 6, 2026, Cencora released its second quarter 2026 financial results, including revenue of $78.3 billion, missing consensus estimates by $2.68 billion, and reducing full year 2026 revenue growth guidance to 4% to 6% (from 7% to 9%).  In the accompanying earnings call, management revealed, among other things, that "manufactured list price reductions . . . represented a $2 billion revenue headwind in the quarter." 

On this news, Cencora's stock price fell $53.16 per share, or 17.4%, to close at $252.74 per share on May 6, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

It has been about a month since the last earnings report for Cencora (COR - Free Report) . Shares have added about 5.7% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Cencora due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Cencora, Inc. before we dive into how investors and analysts have reacted as of late.

COR Q2 Earnings & Revenue Miss, FY26 EPS View RaisedCencora reported second-quarter fiscal 2026adjusted earnings per share (EPS) of $4.75, which missed the Zacks Consensus Estimate of $4.80 by 1%. The bottom line improved 7.5% year over year.

GAAP EPS was $8.40 compared with $3.68 in the year-ago period. The company’s second-quarter fiscal 2026 EPS included a $1.1 billion remeasurement gain related to the OneOncology acquisition.

Revenue DetailsRevenues totaled $78.4 billion, up 3.8% year over year. The top line missed the Zacks Consensus Estimate by 3%.

Segmental AnalysisU.S. Healthcare Solutions

Revenues in this segment totaled $68.8 billion, up 2.9% on a year-over-year basis. This improvement was driven by overall market growth on increased unit volume, including improved sales of GLP-1 drugs and specialty products. The revenue growth was partially offset by a decline in manufacturer prices related to certain brand pharmaceutical products, lower large mail order customers due to brand conversions, and loss of an oncology customer and a grocery customer last year.

Segmental operating income totaled $998.3 million, up 5.6% year over year. Higher gross profit (as a result of increased product sales and the February 2026 acquisition of OneOncology) contributed to the upside, partly offset by increased operating expenses and the loss of an oncology customer in 2025.

International Healthcare Solutions

This segment includes Alliance Healthcare, World Courier, Innomar and Profarma Specialty.

Revenues amounted to $7.6 billion, up 13% year over year. The top line increased 7.2% at constant currency (cc).

Operating income totaled $175.8 million, up 13.7% on a reported basis and 12.9% at cc. The growth was driven by higher operating income at the European distribution business and the global specialty logistics business.

Other

Revenues in the Other segment amounted to $2.1 billion, reflecting an increase of 5.1% year over year. The growth at Profarma and MWI Animal Health businesses was partially offset by lower sales at the consulting services businesses.

Operating income totaled $91.6 million, down 1.3% due to lower operating income at the consulting services businesses, offset in part by an increase in operating income at the MWI Animal Health business.

Margin AnalysisCencora reported an adjusted gross profit of $3.37 billion, up 15.7% on a year-over-year basis. As a percentage of revenues, the adjusted gross margin was 4.31%, up 45 basis points (bps) year over year.

The company recorded an adjusted operating income of $1.26 billion, up 6% year over year. As a percentage of revenues, the adjusted operating margin was 1.61%, which expanded 3 bps from the year-ago quarter’s level.

Financial UpdateCOR exited the fiscal second quarter with cash and cash equivalents worth $2.18 billion compared with $1.75 billion in the previous quarter.

Cumulative net cash used in operating activities totaled $966.5 million against cumulative net cash provided by operating activities of $632.5 million a year ago.

FY26 GuidanceThe company updated its outlook for fiscal 2026 earnings and revenues.

Adjusted EPS is now estimated to be in the $17.65-$17.95 range versus the earlier outlook of $17.45-$17.75.

Total revenues are now projected to rise 4-6%, lower than the previous guidance of 7-9%. Sales at the U.S. Healthcare Solutions segment are anticipated to grow in the range of 4-6% (previously 7-9%). For the International Healthcare solutions business, revenues are projected to rise 8-10% reportedly and 6-8% at cc (previously 7-9% reportedly and 6-8% at cc).

Adjusted operating income is expected to improve 12-14% for fiscal 2026 (previously 11.5-13.5%).

Operating income for the U.S. Healthcare Solutions segment is expected to improve 14-16%, while the International Healthcare Solutions segment is still estimated to grow 5-8%, reportedly as well as at cc.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

VGM ScoresAt this time, Cencora has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Cencora has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerCencora is part of the Zacks Medical Services industry. Over the past month, Solventum (SOLV - Free Report) , a stock from the same industry, has gained 15%. The company reported its results for the quarter ended March 2026 more than a month ago.

Solventum reported revenues of $2.01 billion in the last reported quarter, representing a year-over-year change of -3%. EPS of $1.48 for the same period compares with $1.34 a year ago.

Solventum is expected to post earnings of $1.92 per share for the current quarter, representing a year-over-year change of +13.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.9%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Solventum. Also, the stock has a VGM Score of D.

Shares of Cencora (COR +0.03%) and Stevanato Group (STVN 0.64%) are down more than 17% and 5%, respectively, so far this year. This is despite solid first-quarter earnings and steady business models.

Cencora, formerly known as AmerisourceBergen, is one of the dominant forces in the global pharmaceutical supply chain. Together with McKesson and Cardinal Health, it forms an effective triopoly that distributes roughly 90% of all medicines in the United States.

Italian-based Stevanato is a dominant company in the drug containment and delivery systems sector. The healthcare conglomerate manufactures prefilled syringes, vials, cartridges, and complex autoinjectors used by major pharmaceutical companies.

A few reasons to buy each stock:

Image source: Getty Images.

Cencora just upgraded its 2026 earnings guidance Cencora reported its second-quarter results on May 6, and a few weeks later, raised its full-year fiscal 2026 adjusted diluted earnings per share (EPS) guidance to a range of $17.70 to $17.90, up from the previous $17.65 to $17.90.

In the second quarter, Cencora reported revenue of $78.4 billion, up 3.8% year over year, primarily thanks to a 13% increase in its International Healthcare Solutions revenue and a 2.9% rise in U.S. Healthcare Solutions segment revenue.

EPS rose 128% over the same quarter a year ago, to $8.40, though much of that was an accounting gain related to the company's $7.4 billion purchase of OneOncology in February. A more accurate indication of profitability in this case would be its adjusted EPS of $4.75, which is still up 7.5% year over year.

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The company is taking advantage of its reduced share price The company has paid down its debt, and that is allowing it to reward shareholders with stock buybacks. It is on track to repurchase $1 billion in shares by the end of calendar 2026 and authorized an additional $2 billion share buyback in late May.

These buybacks reduce the overall share count, providing a structural lift to EPS and demonstrating management's high conviction in the stock's undervaluation.

The stock is undervalued considering its high-margin growth The biggest knock on traditional pharmaceutical wholesalers is their notoriously razor-thin profit margins, which usually hover around 1%. However, Cencora has been aggressively expanding into high-margin specialty pharmaceutical distribution and services, including its purchase of OneOncology, which provides higher-margin oncology treatments. In the most recent quarter, its gross profit margin climbed 45 basis points year over year to 4.31%.

The stock trades at a forward price-to-earnings (P/E) ratio of roughly 15.5, discounting it against its direct peers and even the broader healthcare sector, which is lower at 17.8  than it is historically.

Stevanato benefits as a pick-and-shovel GLP-1 company The biggest growth engine in global pharmaceuticals right now is the explosion of GLP-1 weight-loss and diabetes treatments such as Wegovy and Zepbound. While investors often crowd into the drugmakers themselves, Stevanato Group represents an exceptionally stable play on this multibillion-dollar market.

In the first quarter, GLP-1 products accounted for 21% to 22% of Stevanato's total revenue. Because these complex biologics require highly precise, specialized glass cartridges and automated assembly devices, Stevanato has secured multi-year medical devices supply agreements with the world's leading pharmaceutical companies, providing strong long-term revenue visibility.

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The company has found a path to higher margins Stevanato has moved beyond its base of glass vials and is seeing higher margins from growth in its High-Value Solutions segment, which includes proprietary, specialized containment systems such as its signature EZ-fill pre-fillable syringes and next-gen cartridges. Driven by the biologics boom, its HVS segment grew 17% year over year to account for 47% of the company's revenue. The company also expanded its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin by 150 basis points to 23.9% in its latest quarter, showing that it is becoming more profitable as it scales.

In the quarter, overall revenue was up 7% over the same period a year ago, to 273.6 million euros, while EPS was flat at 0.10 euros, thanks to heavy spending on upgrading its manufacturing plants in Indiana, Italy, and Germany. Now that those improvements are mostly complete, the company stands to benefit from greater efficiency.

With full-year 2026 guidance projecting revenue of up to 1.29 billion euros and adjusted EPS of 0.63 euros, up from 1.186 billion euros and 0.54 euros in 2025, the stock offers a highly attractive entry point as its massive manufacturing investments begin paying off.

Two good choices, neither of them wrong Neither one of these stocks is a flashy hyper-growth tech stock. They are highly defensive, stable healthcare companies with expansive economic moats. Cencora is seeing margin gains from its OneOncology purchase, but those gains haven't yet been reflected in investor sentiment.

Stevanato, as the lesser-known company, at least in the U.S., is being overlooked more and represents a better buy than Cencora, considering Stevanato's likely growth prospects from GLP-1 injectables.

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 4th:

Seagate Technology (STX - Free Report) : This company, which engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Seagate Technology's shares gained 61.2% over the last three month compared with the S&P 500’s gain of 5%. The company possesses a Momentum Score of A.

FormFactor (FORM - Free Report) : This company, which is a leading provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle – from characterization, modeling, reliability, and design debug, to qualification and production test, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.

FormFactor’s shares gained 89.9% over the last three month compared with the S&P 500’s gain of 5%. The company possesses a Momentum Score of A.

Silicon Motion Technology (SIMO - Free Report) : This company, which is a leading developer of microcontroller ICs for NAND flash storage devices, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.9% over the last 60 days.

Silicon Motion Technology’s shares gained 71% over the last three month compared with the S&P 500’s gain of 5%. The company possesses a Momentum Score of A.

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

May 08, 2026 18:11 ET  | Source: FormFactor, Inc.

LIVERMORE, Calif., May 08, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a is a leading provider of essential test and measurement technologies, will be ringing the Closing Bell at the Nasdaq MarketSite at 4 Times Square - 43rd Broadway, New York, NY on Monday, May 11, 2026.

“We are proud to be participating in the Nasdaq Closing Bell Ceremony,” said Mike Slessor, FormFactor’s Chief Executive Officer. “Throughout our history, FormFactor has shown a consistent ability to evolve, innovate, and expand our business, and we look forward to many more years of carrying on this tradition. As we join in Monday’s ceremony, I would like to thank and acknowledge the global FormFactor organization for their hard work, dedication, and, above all, the results we have accomplished together.”

A webcast of the Nasdaq Closing Bell will be available at: https://www.nasdaq.com/marketsite/bell-ringing-ceremony
The ceremony will begin at approximately 4:00 pm ET.

About FormFactor:
FormFactor, Inc. (NASDAQ: FORM) is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at www.formfactor.com.

FORM-F

The Schwab U.S. Small-Cap ETF (SCHA +1.19%) offers lower costs and broader market coverage, while the iShares Core S&P Small-Cap ETF (IJR +1.08%) provides a more concentrated portfolio with higher liquidity.

Both funds serve as low-cost gateways to the smallest corners of the domestic equity market. While they share similar sector exposures, the primary difference lies in their index strategies.

The Schwab fund casts a wide net across nearly the entire small-cap universe, while the iShares fund focuses on a more selective set of companies that must meet S&P's specific financial viability standards. This distinction affects how each portfolio reacts to market cycles.

Snapshot (cost & size)MetricSCHAIJRIssuerSchwabiSharesExpense ratio0.04%0.06%1-yr return (as of May 7, 2026)44.0%37.1%Dividend yield1.0%1.2%Beta1.101.04AUM$22.4 billion$102.9 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The Schwab fund remains one of the most affordable options in the category with a 0.04% expense ratio, which minimizes the drag on long-term returns. Although the iShares fund costs slightly more at 0.06%, it may appeal to income-focused investors because it currently provides a higher trailing-12-month dividend payout compared to its Schwab counterpart.

Performance & risk comparisonMetricSCHAIJRMax drawdown (5 yr)(30.8%)(28.0%)Growth of $1,000 over 5 years (total return)$1,380$1,320What's insideThe iShares Core S&P Small-Cap ETF tracks a more selective index of 640 holdings, focusing on companies that must meet specific market capitalization and profitability criteria. This focus on "quality" in the small-cap space is reflected in its sector exposure, which is balanced between financial services at 16%, industrials at 16%, and technology at 15%. Its largest positions include Viavi Solutions (VIAV +10.45%) at 0.74%, Sanmina (SANM +3.49%) at 0.71%, and Formfactor (FORM +4.53%) at 0.66%. The fund was launched in 2000 and has paid $1.60 per share in dividends over the trailing 12 months.

In contrast, the Schwab U.S. Small-Cap ETF offers much broader diversification through 1,721 holdings, capturing a wider slice of the total market. Its sector tilts favor technology at 18%, followed by financial services and industrials at 16% each. Its top holdings include Sandisk (SNDK +5.07%) at 4.08%, Lumentum (LITE +1.97%) at 1.53%, and Revolution Medicines (RVMD +3.56%) at 0.64%. The Schwab fund was launched in 2009 and has a trailing-12-month dividend of $0.34 per share. By including a larger number of holdings, it provides exposure to more micro-cap names that the more selective iShares fund might exclude.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsInvesting in small-cap stocks is a great way to add diversification to a portfolio and deliver exposure to high-growth companies. Both the iShares Core S&P Small-Cap ETF (IJR) and Schwab U.S. Small-Cap ETF (SCHA) seek to help investors with this. Choosing between the pair comes down to a few factors.

SCHA’s much broader set of holdings, totaling nearly 2,000 equities, is more representative of the small-cap portion of the U.S. stock market. This helped it deliver a greater one-year return. Its share price is also far lower than IJR, with a 2-for-1 stock split performed in 2024 contributing to this.

SCHA’s downsides are its smaller AUM, which means reduced liquidity compared to IJR, and because small-cap stocks are more volatile than larger companies, the ETF’s greater slice of these businesses led to a larger max drawdown and beta. SCHA is better suited for investors who want a fund that’s more representative of the small-cap universe, and are willing to accept the higher risk.

IJR limits its holdings because it screens stocks based on quality filters, such as positive earnings. This lowers the investor risk inherent in small-cap companies, although it means a less diversified portfolio compared to SCHA. IJR also boasts a much bigger AUM, which can appeal to active traders. It is the better ETF for investors concerned with risk and volatility, and are willing to pay a slightly higher expense ratio in exchange for this greater stability.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at FormFactor (FORM - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. FormFactor currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if FORM is a promising momentum pick, let's examine some Momentum Style elements to see if this integrated circuits diagnostic company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For FORM, shares are up 7.64% over the past week while the Zacks Electronics - Semiconductors industry is up 5.15% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18.08% compares favorably with the industry's 26.89% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of FormFactor have increased 56.52% over the past quarter, and have gained 370.63% in the last year. In comparison, the S&P 500 has only moved 7.12% and 32.44%, respectively.

Investors should also pay attention to FORM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FORM is currently averaging 2,144,744 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FORM.

Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FORM's consensus estimate, increasing from $1.84 to $2.40 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that FORM is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep FormFactor on your short list.

May 14, 2026 22:00 ET  | Source: FormFactor, Inc.

LIVERMORE, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conferences:

B. Riley 26th Annual Institutional Investor Conference
Location: Ritz-Carlton, Marina Del Rey
Date: May 20th, 2026
Format: 1:1’s Only

TD Cowen 54th Annual Technology, Media & Telecom Conference
Location: InterContinental New York Barclay
Date: May 27th, 2026
Format: 1:1’s Only

Craig-Hallum 23rd Annual Institutional Investor Conference
Location: Depot Renaissance Hotel Minneapolis
Date: May 28th, 2026
Format: 1:1’s Only

Stifel 2026 Boston Cross Sector 1x1 Conference
Location: InterContinental Boston
Date: June 2nd, 2026
Format: 1:1’s Only

2026 Evercore TMT Global Conference
Location: Omni San Francisco Hotel
Date: June 3, 2026
Format: 1:1’s Only

About FormFactor:

FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle - from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at www.formfactor.com.

Source: FormFactor, Inc.

FORM-F

Investor Contact:
Stan Finkelstein
Investor Relations
(925) 290-4273
[email protected]

FormFactor (FORM) dropped 12.8% after unveiling an ambitious 2030 plan targeting $1.6B revenue, 55% gross margin, and $5.00 non-GAAP EPS. FORM's forward thesis centers on HBM4 share gains, GPU and co-packaged optics catalysts, and a Texas plant expansion unlocking probe-card capacity. Valuation remains stretched at 12.06x forward sales, with execution risk tied to Texas plant readiness and potential earnings misses impacting 2027 guidance.

It has been about a month since the last earnings report for FormFactor (FORM - Free Report) . Shares have lost about 4.2% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is FormFactor due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for FormFactor, Inc. before we dive into how investors and analysts have reacted as of late.

FORM Q1 Earnings Beat Estimates, Revenues Rise Y/Y, Margin JumpsFormFactor delivered first-quarter fiscal 2026 non-GAAP earnings of56 cents per share, which increased 143.5% year over year and beat the Zacks Consensus Estimate by 24.4%.

Revenues were $226.1 million, up 32% year over year, and beat the consensus mark by 0.23%. Results reflected a strong demand backdrop, highlighted by record DRAM revenues (36.7% of the total revenues) of $82.9 million, up 69.5% year over year, supported by higher HBM-related activity and sustained non-HBM demand.

FORM’s Segmental Revenue DetailsFORM’s top line continued to be driven by Probe Cards, which generated $198.2 million in the quarter, up 45% year over year. The strength underscored broad-based demand across memory and logic test applications, keeping the company’s core consumables franchise in a favorable position as customers push for higher test intensity.

Within Probe Cards, Foundry & Logic revenues (49.2% of the total revenues) rose to $111.2 million, up 30.4% year over year, reflecting growth in probe cards tied to networking applications. Flash revenues (1.8% of the total revenues) were $4.1 million, up 70.8% year over year, while the overall probe card mix continued to benefit from advanced packaging-related testing requirements. Systems revenues (12.3% of the total revenues) were $27.9 million, down 19.8% year over year.

FormFactor’s revenue mix remained heavily weighted toward Asia, led by South Korea at $80.6 million (35.6% of total revenues) and Taiwan at $70.8 million (31.3% of total revenues). The United States generated $29.4 million (13% of total revenues), while China contributed $11.4 million (5% of total revenues), highlighting a geographic profile closely aligned with leading-edge semiconductor production and memory manufacturing hubs.

Customer concentration also stood out. SK Hynix accounted for 29.5% of total revenues in the quarter, and NVIDIA represented 10.2%. The concentration reflects FORM’s exposure to large, high-volume customers that are actively investing in advanced memory and compute platforms.

FORM’s Operating ResultsFORM’s non-GAAP gross margin climbed to 49%, improving 980 basis points (bps) year over year and 510 bps sequentially. The outperformance supported management’s view that the quarter exceeded the company’s target model on a quarterly run-rate basis, helped by a favorable demand environment and improved profitability.

FormFactor continued to invest in product development while maintaining discipline in its operating cost structure. Non-GAAP research and development expense was $27 million, down 2.8% year over year, while selling, general and administrative expense totaled $27.9 million, down 16.5% year over year.

Total non-GAAP operating expenses were $62 million, up 23.4% year over year, while non-GAAP operating income was $48.7 million, up 188.3% year over year, reflecting the company’s stronger underlying operating performance after adjustments.

FormFactor’s Balance Sheet & Cash FlowAs of March 28, 2026, cash and cash equivalents and marketable securities were $303.2 million compared with $275.1 million as of Dec. 27, 2025.

Cash generated from operating activities was $45 million in the reported quarter, slightly down from $46 million in the previous quarter. Free cash flow was $30.7 million.

FORM Offers Optimistic Q2 GuidanceFormFactor’s outlook called for continued momentum into the second quarter of fiscal 2026. The company guided revenues to $240 million (plus or minus $5 million), with non-GAAP gross margin expected at 49.5% (plus or minus 1.5%), and non-GAAP earnings projected at 61 cents (plus or minus 4 cents) per share.

Management noted that the outlook reflects strong DRAM demand driven by HBM, alongside continued growth in Foundry & Logic probe-card revenues, supported by incremental strength in data-center CPU applications. The outlook assumes consistent foreign currency rates, setting a constructive tone for sequential progress.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

The consensus estimate has shifted 54.54% due to these changes.

VGM ScoresAt this time, FormFactor has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. However, the stock has a score of F on the value side, putting it in the fifth quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise FormFactor has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerFormFactor is part of the Zacks Electronics - Semiconductors industry. Over the past month, Amkor Technology (AMKR - Free Report) , a stock from the same industry, has gained 1.2%. The company reported its results for the quarter ended March 2026 more than a month ago.

Amkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.

For the current quarter, Amkor Technology is expected to post earnings of $0.47 per share, indicating a change of +113.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Amkor Technology. Also, the stock has a VGM Score of A.

Investors in FormFactor, Inc. (FORM - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $65 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for FormFactor shares, but what is the fundamental picture for the company? Currently, FormFactor is a Zacks Rank #1 (Strong Buy) in the Electronics – Semiconductors industry that ranks in the Top 20% of our Zacks Industry Rank. Over the last 60 days, four analysts have increased their earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 55 cents per share to 61 cents in that period.

Given the way analysts feel about FormFactor right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

, /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.

Media:
Rachel Sharkey (717) 291-2831

Investors:
Patrick Lafferty (717) 327-2556

SOURCE Fulton Financial Corporation

Posted by Defense World Staff on Apr 1st, 2026

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).

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, /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

SOURCE Fulton Financial Corporation

Posted by Defense World Staff on Apr 4th, 2026

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

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, /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.

FULTON FINANCIAL CORPORATION

CONDENSED CONSOLIDATED ENDING BALANCE SHEETS (UNAUDITED)

(dollars in thousands)

Mar 31

Dec 31

Sep 30

Jun 30

Mar 31

2026

2025

2025

2025

2025

ASSETS

Cash and due from banks

$    311,796

$    271,463

$    307,267

$    362,280

$    388,503

Other interest-earning assets

871,066

911,155

643,111

583,899

778,117

Loans held for sale

11,887

16,316

19,875

23,281

15,965

Investment securities

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

Less: ACL - loans(1)

(367,489)

(364,462)

(376,258)

(377,337)

(379,677)

   Loans, net

23,898,856

23,780,422

23,665,231

23,635,202

23,482,897

Net premises and equipment

168,941

175,240

178,644

184,290

186,873

Accrued interest receivable

112,083

113,698

114,003

117,130

116,215

Goodwill and intangible assets

607,647

612,996

618,361

623,729

629,189

Other assets

1,393,195

1,403,366

1,403,324

1,417,610

1,462,946

    Total Assets

$ 32,237,438

$ 32,118,400

$ 31,995,086

$ 32,040,448

$ 32,132,028

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

$ 26,768,335

$ 26,589,407

$ 26,332,490

$ 26,138,067

$ 26,328,972

Borrowings

1,252,579

1,297,375

1,471,961

1,773,900

1,657,200

Other liabilities

711,241

741,171

777,037

799,235

871,535

    Total Liabilities

28,732,155

28,627,953

28,581,488

28,711,202

28,857,707

Shareholders' equity

3,505,283

3,490,447

3,413,598

3,329,246

3,274,321

   Total Liabilities and Shareholders' Equity

$ 32,237,438

$ 32,118,400

$ 31,995,086

$ 32,040,448

$ 32,132,028

LOANS, DEPOSITS AND BORROWINGS DETAIL:

Loans, by type:

Real estate - commercial mortgage

$  9,985,368

$  9,820,944

$  9,734,156

$  9,678,038

$  9,676,517

Commercial and industrial

4,494,031

4,539,060

4,437,905

4,541,765

4,531,266

Real estate - residential mortgage

6,735,338

6,669,993

6,617,017

6,511,687

6,409,657

Real estate - home equity

1,253,192

1,242,831

1,214,399

1,193,410

1,170,470

Real estate - construction

876,498

970,298

1,134,748

1,155,099

1,175,445

Consumer

565,041

564,349

566,291

583,949

597,305

Leases and other loans(2)

356,877

337,409

336,973

348,591

301,914

Total Net Loans

$ 24,266,345

$ 24,144,884

$ 24,041,489

$ 24,012,539

$ 23,862,574

Deposits, by type:

Noninterest-bearing demand

$  5,334,920

$  5,256,096

$  5,136,210

$  5,337,771

$  5,435,934

Interest-bearing demand

7,823,683

7,970,188

8,035,393

7,593,083

7,804,388

Savings

8,875,256

8,512,829

8,417,678

8,271,925

8,208,526

     Total demand and savings

22,033,859

21,739,113

21,589,281

21,202,779

21,448,848

Brokered

715,850

855,042

709,667

817,398

738,458

Time

4,018,626

3,995,252

4,033,542

4,117,890

4,141,666

Total Deposits

$ 26,768,335

$ 26,589,407

$ 26,332,490

$ 26,138,067

$ 26,328,972

Borrowings, by type:

Federal Home Loan Bank advances

$    200,000

$    250,000

$    450,000

$    800,000

$    750,000

Senior debt and subordinated debt

367,720

367,637

367,557

367,476

367,396

Other borrowings

684,859

679,738

654,404

606,424

539,804

Total Borrowings

$  1,252,579

$  1,297,375

$  1,471,961

$  1,773,900

$  1,657,200

(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

SOURCE Fulton Financial Corporation

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

, /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

Media Contact: Lacey Dean
(717) 735-8688

SOURCE Fulton Financial Corporation

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).

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) will host a conference call on Thursday, May 7, 2026, at 11 a.m. ET to discuss its fiscal second quarter 2026 results. President and CEO Trey Adams and Senior Vice President and CFO Kevin Vann will lead the call. The earnings release and accompanying presentation will be available at hpinc.com. Investors can join the call via phone or audio webcast.   What: Helmerich & Payne, Inc.'s Fiscal Second Quarter 2026 Earnings Rel.

The market expects Helmerich & Payne (HP - Free Report) to deliver a year-over-year decline in earnings on lower 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 May 6, 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 oil and gas well-drilling contractor is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -550%.

Revenues are expected to be $946.15 million, down 6.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.01% 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. 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 Helmerich & Payne?For Helmerich & Payne, 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 +13.33%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Helmerich & Payne will most likely 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 Helmerich & Payne would post earnings of $0.12 per share when it actually produced a loss of -$0.15, delivering a surprise of -225.00%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

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.

Helmerich & Payne appears 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 PlayerValaris Limited (VAL - Free Report) , another stock in the Zacks Oil and Gas - Drilling industry, is expected to report loss per share of $0.05 for the quarter ended March 2026. This estimate points to a year-over-year change of +90.6%. Revenues for the quarter are expected to be $437.85 million, down 29.5% from the year-ago quarter.

The consensus EPS estimate for Valaris has been revised 10.9% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Valaris will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Helmerich & Payne (HP - Free Report) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -570.19%. A quarter ago, it was expected that this oil and gas well-drilling contractor would post earnings of $0.12 per share when it actually produced a loss of $0.15, delivering a surprise of -225%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Helmerich & Payne, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $932.36 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.46%. This compares to year-ago revenues of $1.02 billion. 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.

Helmerich & Payne shares have added about 44.8% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Helmerich & Payne?While Helmerich & Payne 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 Helmerich & Payne was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $0.12 on $974 million in revenues for the coming quarter and $0.11 on $3.92 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, Oil and Gas - Drilling is currently in the top 19% 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, Seadrill (SDRL - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.

This offshore drilling services provider is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +56.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Seadrill's revenues are expected to be $332 million, down 0.9% from the year-ago quarter.

Helmerich and Payne Inc (NYSE:HP) reported worse-than-expected second-quarter financial results, after the closing bell on Wednesday.

Helmerich & Payne reported quarterly losses of 38 cents per share which missed the analyst consensus estimate of losses of 2 cents per share. The company reported quarterly sales of $932.000 million which missed the analyst consensus estimate of $949.644 million.

Helmerich & Payne shares rose 1.2% to trade at $37.34 on Friday.

These analysts made changes to their price targets on Helmerich & Payne following earnings announcement.

Susquehanna analyst Charles Minervino maintained Helmerich & Payne with a Positive and raised the price target from $42 to $43. Barclays analyst Eddie Kim maintained the stock with an Overweight rating and raised the price target from $39 to $47. Considering buying HP stock? Here’s what analysts think:

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