FULT
Fulton Financial Corporation19.91
+0.00+0%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details loan headwinds, pipeline up 10%
Q&A largely reaffirmed prepared remarks, quantifying 2025's $800 million strategic loan headwinds that masked 3.5% organic growth, with moderation expected to deliver mid-single digits in 2026 alongside added bankers and quarterly rising originations. Commercial pipeline grew over 10% year-over-year, with better pull-through. Management ruled out NYC metro CRE expansion post-Blue Foundry, citing Northern NJ focus and CRE concentration below 200%. Deposits ended December at 1.80% cost. No outsized OpEx for hires. Provision guide assumes stable charge-offs as reserves drift lower. Steady tone; watch deposit momentum and hiring execution.
Key Stats
Market Cap
3.60BP/E (TTM)
10.42Basic EPS (TTM)
1.91Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Fulton Financial delivered FY2025 net income of $392M, up sharply from $289M in 2024, with net interest income climbing $76M to $1.0B on a 3.51% NIM—nine bps wider—while average loans grew 3.7% to $24.0B. Q4 accelerated momentum as non-accrual loans plunged 19% y/y to 0.64% of loans and criticized/classified loans dropped 21% amid repayments and upgrades, though provision expense held at $36M. Deposit costs fell 17 bps y/y to 1.96% with 7% balance growth; borrowings slashed 30% y/y. Repurchased 3.3M shares at $18.16 under the $125M program. Rising rates pressure CRE office loans.
8-K
Merger approvals secured
Fulton Financial secured all regulatory approvals for its all-stock merger with Blue Foundry Bancorp, announced November 24, 2025. Federal Reserve greenlit the deal February 19, 2026; closing eyed for April 1, 2026, pending customary conditions. Blue Foundry Bank merges into Fulton Bank post-systems conversion. Integration risks loom large.
8-K
Q4 earnings dip on expenses
Fulton Financial reported Q4 2025 net income to common shareholders of $96.4 million, or $0.53 per diluted share, down slightly from Q3 amid higher non-interest expense. Net interest margin held at 3.59%, provision for credit losses dropped to $2.9 million, and CET1 ratio rose to 11.8%. Board approved $150 million 2026 share repurchase program. Solid capital supports growth.
8-K
Snyder retires; Myers named President
Fulton Financial's President Angela M. Snyder retires December 31, 2025, after announcing plans in July. She signs a one-year consulting deal starting January 1, 2026, for a $600,000 lump sum. Curtis J. Myers, current Chairman and CEO, adds President title at both Fulton and its Bank effective same date. Smooth transition locks in expertise.
8-K
Dividend hike, $150M buyback
Fulton Financial boosted its quarterly common stock dividend to 19 cents per share, up one cent from September, payable January 15, 2026, to record holders December 31. Board also approved a $150 million repurchase program for common and select securities starting January 1, 2026, through January 31, 2027—with up to $25 million for preferred or notes. Strong signal. Program flexible, tied to capital and market conditions.
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