Fulton Financial Stock Earnings Reports

Fulton Financial reported a solid start to 2026 with first quarter operating earnings of $0.55 per diluted share (GAAP $0.51). Key profitability metrics remained strong: operating ROAA 1.30% and operating ROTCE 14.76%, and the efficiency ratio improved to 56.7% driven by revenue growth and disciplined expense control. Net interest income was $262 million and NIM was stable at 3.58% (down 1 bp q/q), with loan balances rising modestly (+$121 million) led by commercial mortgage activity and an opportunistic $200 million commercial loan portfolio purchase. Deposits strengthened (ending balances +$179 million) with improved funding mix and lower cost of funds. Noninterest income (≈20% of revenue) grew year-over-year, led by wealth management. Credit remained stable (NPLs improved to 55 bps of assets; ACL 1.51% of loans; annualized net charge-offs 25 bps). Fulton closed the Blue Foundry Bancorp acquisition April 1; management expects the deal to be immediately earnings and tangible book accretive and to drive revenue through relationship expansion. Capital is solid (CET1 ≈ 11.9%; TCE 8.6%); the company repurchased ~$24.5 million of stock in Q1 and has $125 million remaining authorization. Management reaffirmed full‑year 2026 operating guidance (with a timing update to an expected 25 bp Fed cut in July vs. March) and expects mid-single-digit loan growth, controlled expense growth, and continued capital generation. Overall, Fulton emphasized disciplined capital allocation, selective investment in talent, and opportunistic inorganic growth while maintaining prudent credit risk management.