Fulton Financial Earnings Call Transcripts
Fiscal Year 2026
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Operating earnings reached a record, supported by stronger NII, deposits and fee businesses, while loan growth remained modest. FY2026 guidance improved, and mid-single-digit organic loan growth is the 2027 base target.
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Record operating earnings and strong balance sheet growth were achieved in Q2 2026, supported by the Blue Foundry acquisition and robust fee income. Asset quality and capital levels remain solid, with guidance reflecting stable margins and disciplined expense management.
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First quarter 2026 saw strong operating earnings, improved efficiency, and stable credit metrics, with loan and deposit growth supported by strategic investments and the Blue Foundry acquisition. Guidance for 2026 is reaffirmed, with disciplined capital allocation and continued focus on profitable growth.
Fiscal Year 2025
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Record operating EPS and strong deposit growth marked 2025, with improved credit metrics and a 15% rise in tangible book value per share. 2026 guidance anticipates mid-single-digit loan growth and continued margin strength, supported by the Blue Foundry Bancorp acquisition.
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Third-quarter results showed record revenue, strong net interest and fee income growth, and improved efficiency. Loan and deposit growth continued, with credit quality stable and capital ratios rising. Guidance for 2025 was raised for net interest income and tightened for expenses.
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Record operating earnings and revenue growth were driven by higher net interest and fee income, disciplined expense management, and strong loan growth, despite seasonal deposit declines. Updated 2025 guidance reflects higher net interest income, lower provision and operating expenses, and a cautious credit outlook.
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First quarter results showed higher operating EPS, improved efficiency, and strong deposit growth, offset by strategic loan reductions and cautious credit outlook. Guidance remains intact, but income may trend toward the lower end if growth slows and rate cuts occur.
Fiscal Year 2024
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Record revenue and EPS were achieved in 2024, driven by strong deposit and loan growth, successful integration of Republic, and cost savings from Fulton First. 2025 guidance anticipates stable net interest income, low to mid single-digit balance sheet growth, and continued focus on efficiency and asset quality.
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Record quarterly operating earnings driven by strong deposit growth, higher net interest income, and successful Republic Bank integration. Cost savings and efficiency initiatives are on track, with guidance reaffirmed at the high end for 2024. Asset quality remains stable despite a challenging rate environment.
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Second quarter results exceeded expectations, driven by the Republic acquisition and strong core trends. Net interest income, margin, and non-interest income all rose, while credit metrics remained stable. Guidance for 2024 was raised, with integration and cost saves on track.