Fulton Financial Releases Updated Corporate Presentation Highlighting Strategy and Performance

Fulton Financial Corporation has released a new corporate presentation on its Investor Relations website, offering an updated overview of the company’s strategic direction and operational performance. The presentation, accessible at www.fultonbank.com, includes refreshed insights and management’s 2025 operating guidance.

The company emphasized that the materials contain forward-looking statements, reflecting expectations on financial performance, expense outlook, credit trends, and growth initiatives. Fulton cautioned investors not to place undue reliance on these projections, noting that actual outcomes may vary due to factors beyond the company’s control.

Fulton does not intend for the posted presentation or related disclosures to be considered filed with the SEC or incorporated into future filings unless expressly stated otherwise.

Fulton Financial Reports $90.4M Net Income in Q1 2025, Operating EPS Hits $0.52

Fulton Financial Corporation (NASDAQ: FULT) reported a strong start to the year, posting net income available to common shareholders of $90.4 million, or $0.49 per diluted share, for the first quarter of 2025. Operating net income—which excludes acquisition-related and other non-core items—rose to $95.5 million, or $0.52 per diluted share.

Chairman and CEO Curtis J. Myers highlighted the performance, stating, “We are pleased with our first quarter operating earnings of $0.52 per diluted share and encouraged by the strong start to the year. Our team continues to focus on long-term value creation despite the uncertain economic environment.”

Key Financial Metrics:

Net interest margin stood at 3.43%, supported by a 12 basis point drop in total cost of funds.

Non-interest expense declined sharply to $189.5 million from $216.6 million in Q4 2024.

Provision for credit losses was $13.9 million, with total allowance reaching $379.7 million, or 1.59% of total net loans.

Customer deposits, excluding brokered deposits, increased $304.9 million, annualized at 4.9%.

Common equity Tier 1 capital ratio improved to 11.0% from 10.8% in the previous quarter.

Loan and Deposit Trends:

Total net loans stood at $23.9 billion, reflecting a $182.3 million decrease driven by a $244.3 million drop in commercial and other loans—partially offset by a $62 million rise in consumer loans. Deposits grew by $199.5 million to $26.3 billion, boosted by savings inflows despite declines in brokered and demand deposits.

Asset Quality:

Fulton reported continued stability in asset quality:

Non-performing assets dropped to $199 million (0.62% of total assets), down from $222.7 million in Q4.

Net charge-offs represented 0.21% of average loans, slightly down from 0.22% in the prior quarter.

Efficiency and Profitability:

The company improved its efficiency ratio to 56.7% from 58.4% in Q4. Return on average assets reached 1.18%, and operating return on tangible common equity rose to 15.95%.

Fulton attributes part of its performance to efficiencies gained through the integration of Republic Bank assets acquired in 2024. The bank continues to show resilience amid ongoing industry-wide rate and regulatory shifts.