Business
Fulton Financial Corporation Announces 2025 Third Quarter Results
LANCASTER, Pa., Oct. 21, 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":"\n LANCASTER, Pa., Oct. 21, 2025 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) (\"Fulton\" or the \"Corporation\") reported net income available to common shareholders of $97.9 million, or $0.53 per diluted share, for the third quarter of 2025, an increase of $1.3 million in comparison to the second quarter of 2025. Operating net income available to common shareholders for the three months ended September 30, 2025 was $101.3 million(1), or $0.55 per diluted share(1), an increase of $0.7 million in comparison to the second quarter of 2025.\n \n \n \n \n \n \n \n Net income available to common shareholders for the nine months ended September 30, 2025 was $285.0 million, or $1.55 per diluted share, an increase of $72.5 million, or $0.34 per diluted share, in comparison to the nine months ended September 30, 2024. Operating net income available to common shareholders for the nine months ended September 30, 2025, was $297.4 million(1), or $1.62 per diluted share(1), an increase of $58.2 million, or $0.25 per diluted share, in comparison to the nine months ended September 30, 2024.\n \"We're proud to announce record operating net income surpassing $101 million, or $0.55 per diluted share, during the third quarter,\" said Curtis J. Myers, Chairman and CEO of Fulton. \"Our continued success is a result of our focus on serving as trusted advisors to our customers and deepening our customer relationships.\"\n \n \n Financial Highlights\n \n \n \n Third quarter of 2025 operating results of $0.55 per diluted share were impacted by the following items:\n \n \n Solid net interest margin of 3.57%, with a four basis point decrease in total cost of funds compared to the prior quarter.\n Non-interest income increased $1.3 million to $70.4 million compared to $69.1 million in the prior quarter.\n Non-interest expense increased $3.8 million to $196.6 million compared to $192.8 million in the prior quarter. Operating non-interest expense increased $3.8 million to $191.4 million(1) compared to $187.6 million in the prior quarter.\n Provision for credit losses was $10.2 million resulting in an allowance for credit losses attributable to net loans of $376.3 million, or 1.57% of total net loans as of September 30, 2025.\n Common equity tier 1 capital ratio(2) increased to approximately 11.5% compared to 11.3% in the prior quarter.\n During...