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Fulton Financial Corp (FULT)
NASDAQ:FULT
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.36Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: -2.98%
|Next Earnings Date:Jul 17, 2018
Earnings Call Sentiment|Positive
Fulton Financial reported a strong year with record revenue and successful integration of strategic transactions. However, challenges such as a decline in loans and a decreased net interest margin were noted. The company remains optimistic about future growth and efficiency improvements.Company Guidance
During the Fulton Financial Q4 2024 earnings call held on January 22, 2025, detailed operating guidance for 2025 was provided. The company expects net interest income on a non-FTE basis to range between $995 million and $1.02 billion, with a provision for credit losses anticipated between $60 million and $80 million. Noninterest income is projected to be between $265 million and $280 million, while noninterest expenses on an operating basis are expected to fall between $755 million and $775 million. The effective tax rate for the year is estimated to be around 18%. Operating earnings per diluted share for Q4 2024 were $0.48, with total deposit growth remaining flat, and total loans declining by $131 million due to portfolio repositioning. The bank's loan-to-deposit ratio stood at 92%, and its net interest margin was 3.41%. The call also highlighted the successful integration of Republic's transaction and cost savings from the FultonFirst initiative.Record Revenue Achievement
Fulton Financial reached $1.2 billion in total revenue for the year, marking a record for the company.
Successful Integration of Republic Transaction
Completed and integrated the Republic transaction, delivering strong financial results and realizing cost savings as planned.
Significant Deposit Growth
Total deposit growth was $4.6 billion or 21.3% for the year, including Republic deposits.
Strong Noninterest Income Growth
Noninterest income grew $31 million or 13.4% to $259 million, with all noninterest income-generating businesses recording growth.
Dividend Increase
Declared dividends of $0.69 per share, a 6% increase year-over-year.
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FULT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FULT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $21.11 | $20.63 | -2.27% |
| Oct 15, 2024 | $18.09 | $18.49 | +2.21% |
| Jul 17, 2024 | $18.46 | $19.28 | +4.44% |
| Apr 16, 2024 | $14.04 | $14.08 | +0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fulton Financial Corp (FULT) report earnings?
Fulton Financial Corp (FULT) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Fulton Financial Corp (FULT) earnings time?
Fulton Financial Corp (FULT) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FULT EPS forecast?
FULT EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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