Fulton Financial ( (FULT) ) just unveiled an announcement.
On April 15, 2025, Fulton Financial Corporation’s Board approved a supplemental authorization to repurchase up to $25 million of its outstanding Subordinated Notes due 2030 under its $125 million share repurchase program. The program, which expires on December 31, 2025, allows for purchases based on market conditions and the company’s financial position. In the first quarter of 2025, Fulton Financial reported a net income of $90.4 million, an increase from the previous quarter, driven by a solid net interest margin and reduced non-interest expenses. The company saw a rise in customer deposits and maintained a strong capital position, reflecting a positive start to the year despite a decrease in net loans.
Spark’s Take on FULT Stock
According to Spark, TipRanks’ AI Analyst, FULT is a Neutral.
Fulton Financial’s financial performance is strong, supported by robust revenue growth and profitability, though cash flow management needs improvement. The stock is technically weak, presenting potential buying opportunities if the downtrend stabilizes. Valuation is reasonable, offering an attractive entry point for investors. The company shows confidence through strategic initiatives, as highlighted in the earnings call.
To see Spark’s full report on FULT stock, click here.
More about Fulton Financial
Fulton Financial Corporation operates in the financial services industry, primarily offering banking services through its subsidiary, Fulton Bank. The company focuses on providing a range of financial products and services to consumers and businesses, with a market presence in the northeastern United States.
YTD Price Performance: -17.92%
Average Trading Volume: 1,396,201
Technical Sentiment Signal: Hold
Current Market Cap: $2.86B
For a thorough assessment of FULT stock, go to TipRanks’ Stock Analysis page.