Fulton Financial Corp
NASDAQ:FULT

  • LAST PRICE
    15.2100
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    6.0900/ 2
  • Ask / Lots
    15.4700/ 1
  • Open / Previous Close
    0.0000 / 15.2100
  • Day Range
    ---
  • 52 Week Range
    9.6400
    17.0600
  • Volume
    ---

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  • Apr 18, 2024

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  • Apr 16, 2024

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    • 4:50PM ET on Tuesday Apr 16, 2024 by MT Newswires
      Companies Mentioned: FULT
      04:50 PM EDT, 04/16/2024 (MT Newswires) -- Fulton Financial (FULT) reported Q1 operating net income Tuesday of $0.40 per diluted share, up from $0.39 a year earlier. Analysts polled by Capital IQ expected $0.39. Revenue, expressed as the sum of net ...

    • 4:30PM ET on Tuesday Apr 16, 2024 by Business Wire
      Companies Mentioned: FULT

      Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $59.4 million, or $0.36 per diluted share, for the first quarter of 2024, a decrease of $2.3 million, or 3.8%, in comparison to the fourth quarter of 2023. Operating net income available to common shareholders for the three months ended March 31, 2024 was $65.4 million, or $0.40 per diluted share(1), a decrease of $3.5 million, or 5.0% in comparison to the fourth quarter of 2023.

    • 4:30PM ET on Tuesday Apr 16, 2024 by Dow Jones
      Companies Mentioned: FULT
      Shareholders' equity $ 2,757,679 $ 2,760,139 $ 2,566,693 $ 2,642,152 $ 2,618,998 Less: Preferred stock (192,878) (192,878) (192,878) (192,878) (192,878) Less: Goodwill and intangible assets (560,114) (560,687) (561,284) (561,885) (563,502) ---------- ---------- ---------- ---------- ---------- Tangible common shareholders' equity (numerator) $ 2,004,687 $ 2,006,574 $ 1,812,531 $ 1,887,389 $ 1,862,618 ========== === ========== ========== ========== ========== Total assets $27,642,957 $27,571,915 $27,375,177 $27,403,163 $27,112,176 Less: Goodwill and intangible assets (560,114) (560,687) (561,284) (561,885) (563,502) ---------- ---------- ---------- ---------- ---------- Total tangible assets (denominator) $27,082,843 $27,011,228 $26,813,893 $26,841,278 $26,548,674 ========== === ========== ========== ========== ========== Tangible common equity to tangible assets 7.40% 7.43% 6.76% 7.03% 7.02% ========== ========== ========== ========== ========== Efficiency ratio ------------------- Non-interest expense $ 177,600 $ 180,552 $ 171,020 $ 168,018 $ 159,616 Less: FDIC special assessment (956) (6,494) -- -- -- Less: FultonFirst implementation and asset disposals (6,329) (3,197) -- -- -- Less: Intangible amortization (573) (597) (601) (1,072) (674) Less: Debt extinguishment -- 720 -- -- -- ---------- --- ---------- ---------- ---------- ---------- Non-interest expense (numerator) $ 169,742 $ 170,984 $ 170,419 $ 166,946 $ 158,942 ========== === ========== ========== ========== ========== Net interest income $ 206,937 $ 212,006 $ 213,842 $ 212,852 $ 215,587 Tax equivalent adjustment 4,592 4,549 4,442 4,405 4,414 Plus: Total non-interest income 57,140 59,378 55,961 60,585 51,753 Plus: Interest rate derivative transition valuation(1) (151) (1,102) 2,958 -- -- Less: Investment securities (gains) losses, net -- 752 -- 4 (23) ---------- --- ---------- ---------- ---------- ---------- Total revenue (denominator) $ 268,518 $ 275,583 $ 277,203 $ 277,846 $ 271,731 ========== === ========== ========== ========== ========== Efficiency ratio 63.2% 62.0% 61.5% 60.1% 58.5% ========== ========== ========== ========== ========== (1) Resulting from the reference rate transition from LIBOR to SOFR in the Corporation's commercial customer interest rate swap program. Three months ended ------------------------------------------------------------------------------------ Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 2024 2023 2023 2023 2023 ---------- --- ---------- ---------- ---------- ---------- Operating non-interest expense to total average assets --------------------- Non-interest expense $ 177,600 $ 180,552 $ 171,020 $ 168,018 $ 159,616 Less: Intangible amortization (573) (597) (601) (1,072) (674) Less: FDIC special assessment (956) (6,494) -- -- -- Less: FultonFirst implementation and asset disposals (6,329) (3,197) -- -- -- ---------- ---------- ---------- ---------- ---------- Non-interest expense (numerator) $ 169,742 $ 170,264 $ 170,419 $ 166,946 $ 158,942 ========== === ========== ========== ========== ========== Total average assets (denominator) $27,427,626 $27,397,671 $27,377,836 $27,235,567 $26,900,653 ========== === ========== ========== ========== ========== Operating non-interest expenses to total average assets 2.49% 2.47% 2.47% 2.46% 2.40% ========== ========== ========== ========== ========== Pre-provision net revenue ------------------- Net interest income $ 206,937 $ 212,006 $ 213,842 $ 212,852 $ 215,587 Non-interest income 57,140 59,378 55,961 60,585 51,753 Plus: Interest rate derivative transition valuation(1) (151) (1,102) 2,958 -- -- Less: Investment securities (gains) losses, net -- 752 -- 4 (23) ---------- --- ---------- ---------- ---------- ---------- Total revenue $ 263,926 $ 271,034 $ 272,761 $ 273,441 $ 267,317 ========== === ========== ========== ========== ========== Non-interest expense $ 177,600 $ 180,552 $ 171,020 $ 168,018 $ 159,616 Less: Intangible amortization (573) (597) (601) (1,072) (674) Less: FDIC special assessment (956) (6,494) -- -- -- Less: FultonFirst implementation and asset disposals (6,329) (3,197) -- -- -- Less: Debt extinguishment -- 720 -- -- -- ---------- --- ---------- ---------- ---------- ---------- Total non-interest expense $ 169,742 $ 170,984 $ 170,419 $ 166,946 $ 158,942 ========== === ========== ========== ========== ========== Pre-provision net revenue $ 94,184 $ 100,050 $ 102,342 $ 106,495 $ 108,375 ========== === ========== ========== ========== ========== (1) Resulting from the reference rate transition from LIBOR to SOFR in the Corporation's commercial customer interest rate swap program. Note: numbers in this report may not sum due to rounding.

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