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Fulton Financial Corporation Announces 2025 Second Quarter Results
LANCASTER, Pa., July 15, 2025 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to
About this update from Fulton Financial Corporation
[{"type":"text","content":"LANCASTER, Pa., July 15, 2025 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) (\"Fulton\" or the \"Corporation\") reported net income available to common shareholders of $96.6 million, or $0.53 per diluted share, for the second quarter of 2025, an increase of $6.2 million, or $0.04 per diluted share, in comparison to the first quarter of 2025. Operating net income available to common shareholders for the three months ended June 30, 2025 was $100.6 million(1), or $0.55 per diluted share(1), an increase of $5.2 million, or $0.03 per diluted share, in comparison to the first quarter of 2025.\n\n \n \n\n\n\n\n\n\n \nNet income available to common shareholders for the six months ended June 30, 2025 was $187.1 million, or $1.02 per diluted share, an increase of $35.3 million, or $0.13 per diluted share, in comparison to the six months ended June 30, 2024. Operating net income available to common shareholders for the six months ended June 30, 2025, was $196.1 million(1), or $1.07 per diluted share(1), an increase of $48.2 million, or $0.20 per diluted share, in comparison to the six months ended June 30, 2024.\n\"I'm proud that our team has delivered a new company record, with operating net income of $100.6 million, or $0.55 per diluted share, this past quarter,\" said Curt Myers, Chairman and CEO of Fulton. \"Our community banking strategy continues to provide significant value to customers and has once again resulted in strong bottom-line results for the company.\"\nFinancial Highlights\nSecond quarter of 2025 operating results of $0.55 per diluted share were impacted by the following items:\nSolid net interest margin of 3.47%, with a two basis point decrease in total cost of funds compared to the prior quarter.Non-interest income increased $1.9 million to $69.1 million compared to $67.2 million in the prior quarter.Non-interest expense increased $3.4 million to $192.8 million compared to $189.5 million in the prior quarter. Operating non-interest expense increased $4.8 million to $187.6 million(1) compared to $182.9 million in the prior quarter.Provision for credit losses was $8.6 million resulting in an allowance for credit losses attributable to net loans of $377.3 million, or 1.57% of total net loans as of June 30, 2025.Net loans increased $150.0 million, or 2.5% annualized, compared to the prior quarter.Common equity...