Fulton Financial Secures Approvals for Blue Foundry Merger

Fulton Financial ( (FULT) ) has shared an announcement.

Fulton Financial Corporation and Blue Foundry Bancorp said on February 23, 2026, that they have received all required regulatory approvals for their previously announced all-stock merger, under which Blue Foundry will be absorbed into Fulton, with the latter as the surviving entity. Regulatory clearance from the Federal Reserve and the Office of the Comptroller of the Currency, along with Blue Foundry stockholder approval on January 29, 2026, paves the way for closing around April 1, 2026, after which Blue Foundry Bank will be merged into Fulton Bank in a move set to deepen Fulton’s footprint in New Jersey and reshape its regional competitive position.

The transaction, first unveiled on November 24, 2025, will see Fulton issue stock to acquire Blue Foundry, consolidating operations as systems are converted and providing Fulton with expanded access to key northern New Jersey markets. For stakeholders, the completed deal is expected to bring integration and execution risks but also potential strategic and cost synergies as Fulton seeks to leverage Blue Foundry’s established local franchise within its broader mid-Atlantic community banking network.

The most recent analyst rating on (FULT) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Fulton Financial stock, see the FULT Stock Forecast page.

Spark’s Take on FULT Stock

According to Spark, TipRanks’ AI Analyst, FULT is a Outperform.

The score is driven primarily by solid financial fundamentals (good margins and cash flow despite weaker revenue growth) and attractive valuation (low P/E with a strong dividend). Technicals are supportive with price above key moving averages and positive MACD, while the earnings call was broadly constructive with clear guidance but notable execution and rate/acquisition assumptions.

To see Spark’s full report on FULT stock, click here.

More about Fulton Financial

Fulton Financial Corporation is a $32 billion-asset community banking organization and financial holding company headquartered in Lancaster, Pa., providing a range of banking and financial services through Fulton Bank, N.A. across Pennsylvania, Maryland, Delaware, New Jersey and Virginia. Blue Foundry Bancorp, based in Rutherford, N.J., is the holding company for Blue Foundry Bank, a full-service retail and commercial bank with a long-standing presence in multiple New Jersey counties, serving individuals and businesses with tailored products and services.

Average Trading Volume: 1,895,770

Technical Sentiment Signal: Buy

Current Market Cap: $3.96B

See more data about FULT stock on TipRanks’ Stock Analysis page.