Aankondiging • Jul 01
Fulton Financial Corporation to Report Q2, 2026 Results on Jul 22, 2026 Fulton Financial Corporation announced that they will report Q2, 2026 results at 4:30 PM, US Eastern Standard Time on Jul 22, 2026 Aankondiging • Jun 29
Fulton Financial Corporation(NasdaqGS:FULT) dropped from Russell 2000 Dynamic Index Fulton Financial Corporation(NasdaqGS:FULT) dropped from Russell 2000 Dynamic Index Declared Dividend • Jun 25
First quarter dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 1st July 2026 Payment date: 15th July 2026 Dividend yield will be 3.3%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.8% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 17
Fulton Financial Corporation Declares Common Stock Dividend, Payable on July 15, 2026 Fulton Financial Corporation announced that its Board of Directors (the "Board") declared a quarterly cash dividend of 19 cents per share on its common stock, payable on July 15, 2026, to shareholders of record as of July 1, 2026. Aankondiging • May 29
Fulton Financial Corporation Announces Board changes On May 28, 2026, Fulton Financial Corporation held its 2026 Annual Meeting of Shareholders. George K. Martin, a director of Fulton, did not stand for re-election to Fulton’s Board of Directors (the “Board”) at the Annual Meeting and retired from the Board effective immediately after the Annual Meeting. Mr. Martin had attained the age of 72 years prior to the date of the Annual Meeting and, in accordance with Fulton’s Corporate Governance Guidelines, was not eligible to stand for re-election to Fulton’s Board and elected Scott A. Snyder as director. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Mike Shirk was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 23
Fulton Financial Corporation Reports Net Loans Charged Off for the First Quarter Ended March 31, 2026 Fulton Financial Corporation reported Net loans charged off for the first quarter ended March 31, 2026. For the quarter, the company reported net charge-offs of $14,908,000 compared to $12,591,000 a year ago. Aankondiging • Apr 03
Fulton Financial Corporation (NasdaqGS:FULT) completed the acquisition of Blue Foundry Bancorp (NasdaqGS:BLFY). Fulton Financial Corporation (NasdaqGS:FULT) entered into a definitive merger agreement to acquire Blue Foundry Bancorp (NasdaqGS:BLFY) for approximately $240 million on November 24, 2025. Under the terms of the definitive merger agreement, each share of Blue Foundry common stock will be exchanged for 0.65 shares of Fulton common stock. Based on Fulton’s share price as of November 21, 2025, the transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock. Following the closing, Blue Foundry Bank, the wholly owned subsidiary of Blue Foundry, will merge into Fulton Bank, N.A., the wholly owned bank subsidiary of Fulton, with Fulton Bank as the surviving bank. A termination fee of $9.7 million will be paid by Blue Foundry Bank.
The transaction is subject to customary closing conditions, including regulatory approvals, approval by Blue Foundry's stockholders and the effectiveness of the registration statement. The boards of directors of both Fulton and Blue Foundry have unanimously approved the definitive merger agreement and it is expected to close in the second quarter of 2026. As of December 12, 2025, Fulton filed for registration statement. The transaction is expected to be accretive to first full-year earnings by over 5%, immediately accretive to tangible book value per share and neutral to regulatory capital ratios at close. As of January 29, 2026, Blue Foundry Bancorp shareholders approved the transaction. As of February 19, 2026 the transaction has been approved by The Federal Reserve Board. As on February 23, 2026, the transaction has received all required regulatory approvals and is expected to close on or around April 1, 2026.
Frank Sorrentino VI, Thad Olchowski, Annie Shelley and Tyler Klaus of Stephens Inc. acted as financial advisor for Fulton Financial Corporation. Holland & Knight LLP acted as legal advisor for Fulton Financial Corporation. Piper Sandler & Co. acted as financial advisor and fairness provider for Blue Foundry Bancorp. Luse Gorman, P.C acted as legal advisor for Blue Foundry Bancorp. Fulton Financial Advisors acted as transfer agent to Fulton Financial. Georgeson acted as proxy solicitor to Blue Foundry. PSC’s fee was approximately $3.57 million. PSC also received a $750,000 fee from Blue Foundry upon rendering its opinion.
Fulton Financial Corporation (NasdaqGS:FULT) completed the acquisition of Blue Foundry Bancorp (NasdaqGS:BLFY) on April 1, 2026. Aankondiging • Mar 18
Fulton Financial Corporation Declares Quarterly Cash Dividend, Payable on April 15, 2026 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of 19 cents per share on its common stock, payable on April 15, 2026, to shareholders of record as of April 1, 2026. Aankondiging • Mar 03
Fulton Financial Corporation Announces Executive Changes, Effective June 5, 2026 Fulton Financial Corporation announced that Chief Human Resources Officer Bernadette Taylor will retire from Fulton on June 5, 2026. Following Taylor's retirement, Karen Grafje, currently Director of Total Rewards and HR Solutions, will be promoted to Chief Human Resources Officer. Taylor joined Fulton in 1994 as Corporate Training Director and was promoted to leadership positions in Human Resources, becoming Chief HR Officer in 2015. Grafje joined Fulton three years ago, bringing more than 25 years of experience in human resources. She holds a bachelor's degree in economics and a master's degree in industrial and labor relations, both from Indiana University of Pennsylvania. Grafje's certifications include Senior Professional in Human Resources (SPHR), Society for Human Resource Management – Senior Certified Professional (SHRM-SCP), and Certified Compensation Professional (CCP). Aankondiging • Jan 22
Fulton Financial Corporation Reports Net Loans Charged Off for the Fourth Quarter Ended December 31, 2025 Fulton Financial Corporation reported net loans charged off for the fourth quarter ended December 31, 2025. For the quarter, the company reported net loans charged off of $14,347,000 against $13,421,000 a year ago. Aankondiging • Jan 07
Fulton Financial Corporation to Report Q4, 2025 Results on Jan 21, 2026 Fulton Financial Corporation announced that they will report Q4, 2025 results at 4:30 PM, US Eastern Standard Time on Jan 21, 2026 Aankondiging • Dec 18
Fulton Financial Corporation (NasdaqGS:FULT) announces an Equity Buyback for $125 million worth of its shares. Fulton Financial Corporation (NasdaqGS:FULT) announces a share repurchase program. Under the program, the company will repurchase up to $125 million worth of its common shares of which $25 million may be used to repurchase preferred stocks. The plan will be valid up to January 31, 2027. Aankondiging • Dec 17
Fulton Financial Corporation Declares Quarterly Cash Dividend, Payable on January 15, 2026 Fulton Financial Corporation announced that its Board of Directors (the "Board") declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on January 15, 2026, to shareholders of record as of December 31, 2025. This is a one cent per share increase from the quarterly cash dividend that the Board declared on September 16, 2025. Aankondiging • Nov 24
Fulton Financial Corporation (NasdaqGS:FULT) entered into a definitive merger agreement to acquire Blue Foundry Bancorp (NasdaqGS:BLFY) for approximately $240 million. Fulton Financial Corporation (NasdaqGS:FULT) entered into a definitive merger agreement to acquire Blue Foundry Bancorp (NasdaqGS:BLFY) for approximately $240 million on November 24, 2025. Under the terms of the definitive merger agreement, each share of Blue Foundry common stock will be exchanged for 0.65 shares of Fulton common stock. Based on Fulton’s share price as of November 21, 2025, the transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock. Following the closing, Blue Foundry Bank, the wholly owned subsidiary of Blue Foundry, will merge into Fulton Bank, N.A., the wholly owned bank subsidiary of Fulton, with Fulton Bank as the surviving bank.
The boards of directors of both Fulton and Blue Foundry have unanimously approved the definitive merger agreement. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by Blue Foundry's stockholders. The transaction is expected to be accretive to first full-year earnings by over 5%, immediately accretive to tangible book value per share and neutral to regulatory capital ratios at close.
Frank Sorrentino VI, Thad Olchowski, Annie Shelley and Tyler Klaus of Stephens Inc. acted as financial advisor for Fulton Financial Corporation. Holland & Knight LLP acted as legal advisor for Fulton Financial Corporation. Piper Sandler & Co. acted as financial advisor for Blue Foundry Bancorp. Luse Gorman, P.C acted as legal advisor for Blue Foundry Bancorp. Aankondiging • Oct 22
Fulton Financial Corporation Reports Net Charge Off for the Third Quarter Ended September 30, 2025 Fulton Financial Corporation reported net charge off for the third quarter ended September 30, 2025. For the quarter, the company reported net loans charged off of $10,929,000 against $11,122,000 a year ago. Aankondiging • Oct 03
Fulton Financial Corporation to Report Q3, 2025 Results on Oct 21, 2025 Fulton Financial Corporation announced that they will report Q3, 2025 results at 4:30 PM, US Eastern Standard Time on Oct 21, 2025 Aankondiging • Sep 17
Fulton Financial Corporation Declares Quarterly Cash Dividend, Payable on October 15, 2025 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of 18 cents per share on its common stock, payable on October 15, 2025, to shareholders of record as of October 1, 2025. Aankondiging • Aug 02
Angela Snyder to Retire as President of Fulton Financial Corporation on December 31, 2025 Fulton Financial Corporation announced that President Angela Snyder will retire from the company on December 31, 2025. Aankondiging • Jul 02
Fulton Financial Corporation to Report Q2, 2025 Results on Jul 15, 2025 Fulton Financial Corporation announced that they will report Q2, 2025 results at 4:30 PM, US Eastern Standard Time on Jul 15, 2025 Aankondiging • Jun 18
Fulton Financial Corporation Declares Quarterly Cash Dividend, Payable on July 15, 2025 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of eighteen cents per share on its common stock, payable on July 15, 2025, to shareholders of record as of July 1, 2025. Aankondiging • Apr 03
Fulton Financial Corporation, Annual General Meeting, May 20, 2025 Fulton Financial Corporation, Annual General Meeting, May 20, 2025. Location: at the lancaster marriott at penn square, 25 south queen street, pennsylvania 17603, lancaster, United States Aankondiging • Apr 02
Fulton Financial Corporation to Report Q1, 2025 Results on Apr 15, 2025 Fulton Financial Corporation announced that they will report Q1, 2025 results at 4:30 PM, US Eastern Standard Time on Apr 15, 2025 Aankondiging • Mar 19
Fulton Financial Corporation Declares Quarterly Dividend on Common Stock, Payable on April 15, 2025 Fulton Financial Corporation announced that its Board of Directors (the "Board") declared a quarterly cash dividend of 18 cents per share on its common stock, payable on April 15, 2025, to shareholders of record as of April 1, 2025. Aankondiging • Jan 07
Fulton Financial Corporation to Report Q4, 2024 Results on Jan 21, 2025 Fulton Financial Corporation announced that they will report Q4, 2024 results at 4:30 PM, US Eastern Standard Time on Jan 21, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €19.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 54% over the past three years. Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.42 in 3Q 2023) Third quarter 2024 results: EPS: US$0.33 (down from US$0.42 in 3Q 2023). Revenue: US$305.8m (up 18% from 3Q 2023). Net income: US$60.6m (down 13% from 3Q 2023). Profit margin: 20% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Oct 16
Fulton Financial Corporation Reports Net Loans Charge-Offs for the Third Quarter Ended September 30, 2024 Fulton Financial Corporation reported net loans charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported net loans charged off of $11,122,000 against $5,098,000 a year ago. Aankondiging • Oct 09
Fulton Financial Corporation to Report Q3, 2024 Results on Oct 15, 2024 Fulton Financial Corporation announced that they will report Q3, 2024 results at 4:30 PM, Eastern Standard Time on Oct 15, 2024 Declared Dividend • Sep 20
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 1st October 2024 Payment date: 15th October 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Sep 18
Fulton Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on October 15, 2024 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of 17 cents per share on its common stock, payable on October 15, 2024, to shareholders of record as of October 1, 2024. Aankondiging • Aug 16
Fulton Financial Corporation Announces Changes to Senior Management Team Fulton Financial Corp. has announced major changes to its senior management team. The firm said that Meg R Mueller, head of commercial banking, has been named chief credit executive. John Glover, formerly director of commercial markets, is to replace her as head of commercial banking. Philip N Smith has been named director of business banking. He was most recently a regional commercial executive. Jeffrey R Rush has been named executive market president. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: US$0.53 (vs US$0.47 in 2Q 2023) Second quarter 2024 results: EPS: US$0.53 (up from US$0.47 in 2Q 2023). Revenue: US$302.7m (up 15% from 2Q 2023). Net income: US$92.4m (up 20% from 2Q 2023). Profit margin: 31% (up from 29% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Jul 04
Fulton Financial Corporation to Report Q2, 2024 Results on Jul 16, 2024 Fulton Financial Corporation announced that they will report Q2, 2024 results at 4:30 PM, US Eastern Standard Time on Jul 16, 2024 Declared Dividend • Jun 24
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 1st July 2024 Payment date: 15th July 2024 Dividend yield will be 4.2%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.5% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 19
Fulton Financial Corporation Declares a Quarterly Cash Dividend, Payable on July 15, 2024 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of 17 cents per share on its common stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Antionette Pergolin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 01
Fulton Financial Corporation has completed a Follow-on Equity Offering in the amount of $250.000005 million. Fulton Financial Corporation has completed a Follow-on Equity Offering in the amount of $250.000005 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: $15
Discount Per Security: $0.73125 Aankondiging • Apr 30
Fulton Financial Corporation has filed a Follow-on Equity Offering. Fulton Financial Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Price\Range: $2.5 Aankondiging • Apr 17
Fulton Financial Corporation Reports Net Loans Charge-Offs for the First Quarter Ended March 31, 2024 Fulton Financial Corporation reported net loans charge-offs for the first quarter ended March 31, 2024. For the quarter, the company reported net loans charged off of $8,598,000 against $14,004,000 a year ago. Aankondiging • Apr 06
Fulton Financial Corporation to Report Q1, 2024 Results on Apr 16, 2024 Fulton Financial Corporation announced that they will report Q1, 2024 results at 4:30 PM, US Eastern Standard Time on Apr 16, 2024 Aankondiging • Apr 02
Fulton Financial Corporation, Annual General Meeting, May 20, 2024 Fulton Financial Corporation, Annual General Meeting, May 20, 2024, at 10:00 Eastern Standard Time. Location: Lancaster Marriott at Penn Square, 25 South Queen Street, Lancaster, Pennsylvania 17603 Lancaster Pennsylvania United States Agenda: To consider the election of 11 director nominees to serve for a one-year term; to consider a non-binding advisory proposal to approve the compensation of named executive officers; to consider the ratification of the appointment of KPMG LLP as independent auditor for the fiscal year ending December 31, 2024; and to consider such other business as may properly be brought before the Annual Meeting and any adjournments thereof. Aankondiging • Mar 20
Fulton Financial Corporation Declares Quarterly Cash Dividend , Payable on April 15, 2024 Fulton Financial Corporation (“Fulton”) announced that its Board of Directors declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on April 15, 2024, to shareholders of record as of April 1, 2024. Aankondiging • Feb 11
Fulton Financial Corporation Announces Management Changes Fulton Financial Corporation announced that Betsy Chivinski (Chivinski) has been named interim chief financial officer (CFO), replacing Mark McCollom who resigned from Fulton Financial on February 8, 2024. In a related announcement, Atul Malhotra (Malhotra) has been promoted to chief risk officer (CRO) to succeed Chivinski in that role. Both changes are effective immediately. Previously chief risk officer, Chivinski will now serve as interim CFO and will continue to report to Chairman and CEO Curt Myers. She will be responsible for the overall financial governance of the corporation until a new CFO is named. Chivinski has served in a variety of leadership positions at the Corporation, having joined the bank nearly 30 years ago. She has been Senior Executive Vice President and Chief Risk Officer of the Corporation since 2016. Previously, she served as chief audit executive and chief accounting officer. Prior to joining Fulton, she served as senior manager at Arthur Andersen & Co. She holds a Bachelor of Arts degree in Accounting from Franklin & Marshall College. Aankondiging • Feb 10
Fulton Financial Corporation Announces Executive Changes Fulton Financial Corporation announced that Atul Malhotra (Malhotra) has been promoted to chief risk officer (CRO) to succeed Chivinski in that role. Both changes are effective immediately. Previously chief risk officer, Chivinski will now serve as senior executive vice president and interim CFO and will continue to report to Chairman and CEO Curt Myers. She will be responsible for the overall financial governance of the corporation until a new CFO is named. Chivinski has served in a variety of leadership positions at the Corporation, having joined the bank nearly 30 years ago. She has been Senior Executive Vice President and Chief Risk Officer of the Corporation since 2016. Previously, she served as chief audit executive and chief accounting officer. Prior to joining Fulton, she served as senior manager at Arthur Andersen & Co. She holds a Bachelor of Arts degree in Accounting from Franklin & Marshall College.Replacing Chivinski, Malhotra will serve as executive vice president and chief risk officer and will report toMyers. He will be responsible for governance of the bank’s risk management programs. Malhotra has more than 20 years of experience in corporate governance, risk management and regulatory strategy.Previously, he served as managing director of enterprise risk management. In the past Malhotra served as aregulatory and risk strategy consultant for various publicly traded companies, including large, global financialinstitutions. Malhotra holds a Bachelor of Arts in Business Administration and Computer Science from Franklin &Marshall College, in addition to having earned several certifications, including Certified in Risk andInformation Systems Controls (CRISC) and Certified in Risk Management Assurance (CRMA). He is also a graduateof the ABA Stonier Graduate School of Banking. Aankondiging • Jan 19
Fulton Financial Corporation Provides Earnings Guidance for the Year 2024 Fulton Financial Corporation provided earnings guidance for the year 2024. For the period, the company expects net interest income on a non-FTE basis to be in the range of $790 million to $820 million. Reported Earnings • Jan 17
Full year 2023 earnings released: EPS: US$1.66 (vs US$1.69 in FY 2022) Full year 2023 results: EPS: US$1.66 (down from US$1.69 in FY 2022). Revenue: US$1.03b (up 4.9% from FY 2022). Net income: US$274.0m (down 1.0% from FY 2022). Profit margin: 27% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Jan 17
Fulton Financial Corporation Reports Net Loan Charge Off for the Fourth Quarter Ended December 31, 2023 Fulton Financial Corporation reported net loan charge off for the fourth quarter ended December 31, 2023. For the quarter, the company reported net loans charged off $7,999,000 as compared to $11,731,000 a year ago. Aankondiging • Jan 09
Fulton Financial Corporation to Report Q4, 2023 Results on Jan 16, 2024 Fulton Financial Corporation announced that they will report Q4, 2023 results at 4:30 PM, Eastern Standard Time on Jan 16, 2024 Aankondiging • Dec 21
Fulton Financial Corporation Names Angela Snyder as President, Effective January 1, 2024 Fulton Financial Corporation (Fulton) announced that Angela Snyder has been named President of Fulton and Fulton Bank, N.A. (“Fulton Bank”) and a director of Fulton Bank, effective January 1, 2024. As President, Snyder will lead Fulton’s efforts to optimize costs and grow organically while overseeing all lines of business. Snyder has more than 30 years of experience in the financial services industry and has served as Chief Banking Officer since 2022. She joined Fulton in 2002 as President of Woodstown National Bank and then served as Chairwoman, President and CEO of Fulton Bank of New Jersey until 2019, when it was consolidated into Fulton Bank. Aankondiging • Oct 18
Fulton Financial Corporation Reports Unaudited Net Loan Charge Off for the Third Quarter Ended September 30, 2023 Fulton Financial Corporation reported unaudited net loan charge off for the third quarter ended September 30, 2023. For the quarter, the company reported net loans charged off $5,098,000 as compared to $452,000 a year ago. Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.41 in 3Q 2022) Third quarter 2023 results: EPS: US$0.42 (up from US$0.41 in 3Q 2022). Revenue: US$259.9m (up 1.9% from 3Q 2022). Net income: US$69.5m (up 1.8% from 3Q 2022). Profit margin: 27% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Oct 10
Fulton Financial Corporation to Report Q3, 2023 Results on Oct 17, 2023 Fulton Financial Corporation announced that they will report Q3, 2023 results at 4:30 PM, US Eastern Standard Time on Oct 17, 2023 Aankondiging • Sep 20
Fulton Financial Corporation Declares Quarterly Common Dividend, Payable on October 13, 2023 Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share on its common stock, payable on October 13, 2023, to shareholders of record as of October 2, 2023. Aankondiging • Jul 22
Fulton Financial Corporation Provides Earnings Guidance for 2023 Fulton Financial Corporation provided earnings guidance for 2023. For the year, company expected net interest income on a non-FTE basis to be in the range of $830 million to $840 million. New Risk • Jul 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$0.47 (vs US$0.42 in 2Q 2022) Second quarter 2023 results: EPS: US$0.47 (up from US$0.42 in 2Q 2022). Revenue: US$263.7m (up 12% from 2Q 2022). Net income: US$77.0m (up 14% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Aankondiging • Jul 12
Fulton Financial Corporation to Report Q2, 2023 Results on Jul 18, 2023 Fulton Financial Corporation announced that they will report Q2, 2023 results at 4:30 PM, US Eastern Standard Time on Jul 18, 2023 Aankondiging • Jun 21
Fulton Financial Corporation Declares Quarterly Dividends, Payable on July 14, 2023 Fulton Financial Corporation announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.16 per share on its common stock, payable on July 14, 2023, to shareholders of record as of July 3, 2023. This is a one cent per share increase from the quarterly cash dividend that the Board declared on March 21, 2023. Aankondiging • Jun 14
Fulton Financial Corporation Appoints Karthik Sridharan as Senior Executive Vice President and Chief Operations and Technology Officer Fulton Financial Corporation announced on June 12, 2023 the appointment of Karthik Sridharan, age 53, as Senior Executive Vice President and Chief Operations and Technology Officer effective June 12, 2023. In his new role, Sridharan will be responsible for leading a team of information technology and operations professionals focused on leveraging leading technology to provide the best digital customer experience at Fulton Bank. As a senior information technology executive, Mr. Sridharan brings more than 20 years of experience with Fortune 500 companies. Since 2019, he has served as Chief Information Officer, Executive Vice President, at OceanFirst Bank in Red Bank, New Jersey. Before that, he worked as chief technology officer, Enterprise Operations and Technology, for Citigroup in New York, NY. Sridharan holds a bachelor's degree in Business Administration & Information Systems Management from Temple University's Fox School of Business and has completed the Global Management Executive Program at Harvard Business School. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €12.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €10.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 25% over the past three years. Aankondiging • May 19
Fulton Financial Corporation and Fulton Bank, N.A Announce Board Changes On Tuesday, May 16, 2023, at Fulton Financial Corporation's (Fulton") 2023 Annual Meeting of Shareholders (the Annual Meeting"), Messrs. Hodges and Strauss, effective immediately after the Annual Meeting, retired from Fulton's Board of Directors (the Board"), including from their respective Board committee memberships, and from the Board of Directors of Fulton Bank, N.A. Effective as of Messrs. Hodges' and Strauss' retirement, the Board's size was reduced from 13 to 11 directors. Recent Insider Transactions • May 16
President recently bought €136k worth of stock On the 12th of May, Curtis Myers bought around 15k shares on-market at roughly €9.03 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Curtis' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €9.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 5.9% over the past three years. Reported Earnings • Apr 19
First quarter 2023 earnings released: EPS: US$0.40 (vs US$0.38 in 1Q 2022) First quarter 2023 results: EPS: US$0.40 (up from US$0.38 in 1Q 2022). Revenue: US$242.8m (up 9.0% from 1Q 2022). Net income: US$65.8m (up 6.5% from 1Q 2022). Profit margin: 27% (in line with 1Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: US$1.69 (vs US$1.64 in FY 2021) Full year 2022 results: EPS: US$1.69 (up from US$1.64 in FY 2021). Revenue: US$980.7m (up 4.8% from FY 2021). Net income: US$276.7m (up 4.3% from FY 2021). Profit margin: 28% (in line with FY 2021). Net interest margin (NIM): 3.27% (up from 2.78% in FY 2021). Cost-to-income ratio: 60.5% (down from 63.1% in FY 2021). Non-performing loans: 0.85% (up from 0.83% in FY 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Jan 18
Full year 2022 earnings released: EPS: US$1.69 (vs US$1.64 in FY 2021) Full year 2022 results: EPS: US$1.69 (up from US$1.64 in FY 2021). Revenue: US$980.7m (up 4.8% from FY 2021). Net income: US$276.7m (up 4.3% from FY 2021). Profit margin: 28% (in line with FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Jan 18
Fulton Financial Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022 Fulton Financial Corporation reported net charge offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net charge offs of $11,731,000 against $2,976,000 reported a year ago. Aankondiging • Jan 05
Fulton Financial Corporation to Report Q4, 2022 Results on Jan 17, 2023 Fulton Financial Corporation announced that they will report Q4, 2022 results at 4:30 PM, US Eastern Standard Time on Jan 17, 2023 Recent Insider Transactions • Nov 16
Insider recently sold €324k worth of stock On the 11th of November, Steven Etter sold around 18k shares on-market at roughly €18.02 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €404k more than they bought in the last 12 months. Recent Insider Transactions • Nov 04
Insider recently sold €89k worth of stock On the 31st of October, Angela Snyder sold around 5k shares on-market at roughly €18.44 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €79k more than they bought in the last 12 months. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.41 (vs US$0.45 in 3Q 2021) Third quarter 2022 results: EPS: US$0.41 (down from US$0.45 in 3Q 2021). Revenue: US$255.8m (up 9.8% from 3Q 2021). Net income: US$68.3m (down 6.5% from 3Q 2021). Profit margin: 27% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Recent Insider Transactions • Aug 20
Insider recently sold €71k worth of stock On the 16th of August, Angela Snyder sold around 4k shares on-market at roughly €17.23 per share. In the last 3 months, there was an even bigger sale from another insider worth €75k. Insiders have been net sellers, collectively disposing of €78k more than they bought in the last 12 months. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: US$0.42 (vs US$0.38 in 2Q 2021) Second quarter 2022 results: EPS: US$0.42 (up from US$0.38 in 2Q 2021). Revenue: US$235.7m (up 9.0% from 2Q 2021). Net income: US$67.4m (up 8.1% from 2Q 2021). Profit margin: 29% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: US$0.38 (vs US$0.43 in 1Q 2021) First quarter 2022 results: EPS: US$0.38 (down from US$0.43 in 1Q 2021). Revenue: US$222.8m (down 16% from 1Q 2021). Net income: US$61.7m (down 12% from 1Q 2021). Profit margin: 28% (up from 27% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.7%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: US$0.38 (vs US$0.43 in 1Q 2021) First quarter 2022 results: EPS: US$0.38 (down from US$0.43 in 1Q 2021). Revenue: US$223.5m (down 15% from 1Q 2021). Net income: US$61.7m (down 12% from 1Q 2021). Profit margin: 28% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 18 April 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.7%). Reported Earnings • Jan 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.64 (up from US$1.08 in FY 2020). Revenue: US$945.9m (up 20% from FY 2020). Net income: US$265.2m (up 51% from FY 2020). Profit margin: 28% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 6.2% compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. 
