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Fulton Financial Corp (FULT)
NASDAQ:FULT
Earnings Data
Report Date
Jul 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.52Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: 2.56%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong financial performance and asset quality improvements being notable positives. However, challenges such as loan declines and potential revenue pressures due to a slower growth environment and fee income declines also featured prominently.Company Guidance
During the first quarter of 2025, Fulton Financial reported an increase in operating earnings per share to $0.52, a $0.04 rise from the previous quarter, driven by positive operating leverage and strong balance sheet management. The company achieved a quarterly operating efficiency ratio of 56.7%, an operating return on assets of 1.25%, and an operating return on average tangible common equity of 15.95%. Tangible book value per share increased by 13.8% on an annualized basis. The bank saw a $200 million, or 3%, growth in deposits, primarily in interest-bearing money market products, despite a $105 million decline in broker deposits. However, total loans declined by $182 million due to strategic actions, including a $38 million drop in indirect auto balances and a $231 million decrease in commercial construction balances. The loan-to-deposit ratio decreased to 91%. The net interest margin increased slightly to 3.43%, while net interest income was $251 million, a $2.5 million decrease from the prior quarter. Non-interest income was $67.2 million, and non-interest expense on an operating basis was $182.9 million, a reduction of $7.8 million from the previous quarter. Provision expense was reduced by $2.8 million to $13.9 million, and the allowance for credit losses to total loans ratio increased to 159%. Despite a stable credit environment, the company remains cautious due to macroeconomic uncertainties. Fulton Financial confirmed its 2025 operating guidance but noted that net interest income and non-interest income might trend towards the lower half of the guidance range due to potential slower growth and anticipated interest rate cuts.Strong Financial Performance
Operating earnings per share increased by $0.04 to $0.52, with a strong balance sheet and revenue exceeding expectations. The operating efficiency ratio improved to 56.7%, operating return on assets increased to 1.25%, and operating return on average tangible common equity grew to 15.95%.
Customer Deposit Growth
Solid customer deposit growth was reported, with total deposits increasing by $200 million or 3%, driven by interest-bearing money market products. The average cost of total deposits decreased by eleven basis points to 2.03%.
Asset Quality Improvement
Non-performing loan (NPL) to total loan ratio declined due to accelerated resolution of troubled assets. Net charge-offs decreased by one basis point linked quarter, and the allowance for credit losses to total loans ratio increased to 159%.
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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 |
|---|---|---|---|
| Apr 15, 2025 | $16.03 | $15.97 | -0.37% |
| Jan 21, 2025 | $20.90 | $20.42 | -2.30% |
| Oct 15, 2024 | $17.91 | $18.30 | +2.18% |
| Jul 17, 2024 | $18.28 | $19.09 | +4.43% |
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 Jul 22, 2025, TBA Not Confirmed.
What is Fulton Financial Corp (FULT) earnings time?
Fulton Financial Corp (FULT) earnings time is at Jul 22, 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 (Q2) is 0.44.
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