FULT
Fulton Financial Corp (FULT) Q2 2026 Earnings Call Highlights: Record Earnings and Strategic ...
Article Summary
HOLD- Fulton Financial Corp. (NASDAQ: FULT) delivered record operating earnings for the second quarter, with net income available to common shareholders reaching $115.9 million or $0.60 per diluted share.
- The successful acquisition and integration of Blue Foundry Bank expanded FULT's presence in Northern New Jersey, enhancing its community banking model and creating opportunities for growth.
- Total loans increased by $1.7 billion to $25.9 billion, with deposit balances rising by $2.5 billion to approximately $28.3 billion.
- Noninterest income increased to $79.3 million, up $9.5 million from the previous quarter, while noninterest expenses rose to $231 million, with significant acquisition-related expenses and other nonrecurring costs impacting the quarter.
- Fulton Financial repurchased 525,000 shares totaling approximately $11.1 million, strengthening its capital position with a common equity Tier 1 ratio of approximately 12.1%, providing flexibility to support growth and strategic initiatives.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.3% | 25% | 20.0 ptsMinimal (0.3%) - Very weak |
| EPS Growth Next 5Y ? | 6.5% | 25% | 20.0 ptsWeak (6.5%) - Low expectations |
| Target Price Upside ? | 0.3% | 20% | 10.0 ptsNear/At Target (0.3%) - Target: $24.50 vs Current: $24.57 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -2.6% | 15% | 20.0 ptsBarely a Dip (-2.6%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About FULT
- Fulton Financial Corporation operates as the bank holding company for Fulton Bank that provides banking and financial products and services in the United States.
- It provides various checking accounts and savings deposit products, and certificates of deposit.
- The company also offers consumer loans products, including home equity loans and lines of credit; construction and jumbo residential mortgage loans; automobile, student, and personal loans; account overdraft protection; commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans.
- In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services.
- Further, the company owns trust preferred securities; and sells various life insurance products.
- It provides its products and services through financial center locations, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking.
- The company was founded in 1882 and is headquartered in Lancaster, Pennsylvania.