Fulton Financial Stock Earnings Reports

Fulton Financial delivered a solid start to 2026 with operating EPS of $0.55 and GAAP EPS of $0.51 for Q1. Key performance metrics included an operating ROAA of 1.30%, operating ROTCE of 14.76%, a 3.58% NIM (down 1 bp q/q), improved efficiency ratio to 56.7%, and positive operating leverage driven by revenue growth and disciplined expense control. Loan balances grew modestly (+$121M) led by commercial mortgage and an opportunistic ~$200M commercial portfolio purchase; originations and pipelines strengthened. Deposits were stable to higher, with improved funding mix and a 9 bp decline in total cost of funds. Credit metrics remained stable or improved (NPAs 55 bps of assets, ACL 1.51% of loans, annualized NCOs 25 bps). Fulton closed the Blue Foundry Bancorp acquisition on April 1; management expects the deal to be immediately earnings and tangible book accretive, with related integration and cost saves progressing (50% of targeted cost saves expected by year-end). Capital remains robust (CET1 ~11.9%, TCE 8.6%); the company repurchased ~$24.5M of stock in Q1 and has $125M remaining authorization. Management affirmed full-year 2026 operating guidance (mid-single-digit loan growth, controlled expense growth) while updating interest-rate assumptions to reflect a 25 bp cut in July instead of March. Overall outlook: continued focus on profitable growth, prudent risk management, selective investments in talent, and disciplined capital allocation.