Recent Insider Transactions Derivative • May 05
Chairman notifies of intention to sell stock Curtis Myers intends to sell 31k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of May. If the sale is conducted around the recent share price of US$21.62, it would amount to US$665k. For the year to December 2019, Curtis' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2025, Curtis has owned 253.97k shares directly. Company insiders have collectively sold US$292k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.51 (up from US$0.50 in 1Q 2025). Revenue: US$317.4m (up 4.2% from 1Q 2025). Net income: US$92.2m (up 2.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Announcement • 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. Declared Dividend • Mar 20
Fourth quarter dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 1st April 2026 Payment date: 15th April 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (34% 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 7.1% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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. Announcement • 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). Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$2.10 (up from US$1.59 in FY 2024). Revenue: US$1.28b (up 11% from FY 2024). Net income: US$381.4m (up 37% from FY 2024). Profit margin: 30% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.51% (up from 3.42% in FY 2024). Cost-to-income ratio: 57.6% (down from 60.8% in FY 2024). Non-performing loans: 0.76% (down from 0.92% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Price Target Changed • Jan 27
Price target increased by 9.2% to US$23.05 Up from US$21.10, the current price target is an average from 5 analysts. New target price is 13% above last closing price of US$20.38. Stock is down 0.3% over the past year. The company is forecast to post earnings per share of US$1.96 for next year compared to US$2.10 last year. Reported Earnings • Jan 23
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$2.10 (up from US$1.59 in FY 2024). Revenue: US$1.28b (up 11% from FY 2024). Net income: US$381.4m (up 37% from FY 2024). Profit margin: 30% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • 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. Announcement • 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 Declared Dividend • Dec 19
Third quarter dividend increased to US$0.19 Dividend of US$0.19 is 5.6% higher than last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (34% 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 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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. Announcement • 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. Announcement • 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. Reported Earnings • Oct 22
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.54 (up from US$0.33 in 3Q 2024). Revenue: US$324.4m (up 3.5% from 3Q 2024). Net income: US$97.9m (up 61% from 3Q 2024). Profit margin: 30% (up from 19% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • 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. Announcement • 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 Declared Dividend • Sep 19
Second quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 1st October 2025 Payment date: 15th October 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.4% 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 10% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • 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. Announcement • 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. Price Target Changed • Jul 17
Price target increased by 7.2% to US$20.80 Up from US$19.40, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$19.74. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of US$1.98 for next year compared to US$1.59 last year. Reported Earnings • Jul 16
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$0.54 (up from US$0.53 in 2Q 2024). Revenue: US$315.5m (up 24% from 2Q 2024). Net income: US$99.2m (up 7.3% from 2Q 2024). Profit margin: 31% (down from 36% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • 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 Declared Dividend • Jun 25
First quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 1st July 2025 Payment date: 15th July 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.4% 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 9.3% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • 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. Board Change • Jun 01
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. 6 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. Reported Earnings • May 12
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.50 (up from US$0.36 in 1Q 2024). Revenue: US$304.5m (up 20% from 1Q 2024). Net income: US$90.4m (up 52% from 1Q 2024). Profit margin: 30% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Recent Insider Transactions Derivative • May 09
Director exercised options and sold US$1.6m worth of stock On the 1st of May, E. Wenger exercised options to acquire 92k shares at no cost and sold these for an average price of US$16.91 per share. This trade did not impact their existing holding. Since June 2024, Wenger's direct individual holding has increased from 595.32k shares to 698.09k. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Apr 17
Price target decreased by 14% to US$19.75 Down from US$23.08, the current price target is an average from 6 analysts. New target price is 24% above last closing price of US$15.87. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of US$1.81 for next year compared to US$1.59 last year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$15.13, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 7.5% over the past three years. Announcement • 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 Announcement • 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 Declared Dividend • Mar 21
Fourth quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 1st April 2025 Payment date: 15th April 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (43% 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 8.4% 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 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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. Reported Earnings • Mar 04
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$1.59. Revenue: US$1.15b (up 12% from FY 2023). Net income: US$278.5m (up 1.6% from FY 2023). Profit margin: 24% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.42% (no change from 3.42% in FY 2023). Cost-to-income ratio: 60.8% (up from 60.5% in FY 2023). Non-performing loans: 0.92% (up from 0.72% in FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Reported Earnings • Jan 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$1.53. Revenue: US$1.13b (up 9.7% from FY 2023). Net income: US$278.5m (up 1.6% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Announcement • 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 Declared Dividend • Dec 20
Third quarter dividend increased to US$0.18 Dividend of US$0.18 is 5.9% higher than last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (38% 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 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Dec 11
Price target increased by 7.2% to US$22.33 Up from US$20.83, the current price target is an average from 6 analysts. New target price is 5.6% above last closing price of US$21.15. Stock is up 30% over the past year. The company is forecast to post earnings per share of US$1.60 for next year compared to US$1.66 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$21.37, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$40.12 per share. Reported Earnings • Oct 16
Third quarter 2024 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. 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 3% per year. Announcement • 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. Announcement • 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 3.7%, which is higher than the industry average of 3.2%. 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. Announcement • 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. Announcement • 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. Major Estimate Revision • Jul 23
Consensus EPS estimates increase by 26% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$1.39 to US$1.75. Revenue forecast steady at US$1.22b. Net income forecast to grow 15% next year vs 3.3% growth forecast for Banks industry in the US. Consensus price target up from US$18.43 to US$20.00. Share price rose 11% to US$19.90 over the past week. Price Target Changed • Jul 18
Price target increased by 8.5% to US$20.00 Up from US$18.43, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of US$19.23. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$1.75 for next year compared to US$1.66 last year. Reported Earnings • Jul 17
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 180%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US. 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. Announcement • 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 23
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 4.1%, which is higher than the industry average of 3.2%. 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. Announcement • 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. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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. Price Target Changed • Jan 17
Price target increased by 7.5% to US$16.29 Up from US$15.14, the current price target is an average from 7 analysts. New target price is 5.4% above last closing price of US$15.45. Stock is up 1.4% over the past year. The company is forecast to post earnings per share of US$1.47 for next year compared to US$1.66 last year. Announcement • 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. Announcement • 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 Price Target Changed • Jan 02
Price target increased by 8.7% to US$15.14 Up from US$13.93, the current price target is an average from 7 analysts. New target price is 8.0% below last closing price of US$16.46. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of US$1.67 for next year compared to US$1.69 last year. Announcement • 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. Reported Earnings • Oct 19
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • 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. 
