Welcome to our dedicated page for Fulton Financial news (Ticker: FULT), a resource for investors and traders seeking the latest updates and insights on Fulton Financial stock.
Fulton Financial Corporation (NASDAQ: FULT) is a Lancaster, Pennsylvania-based financial holding company serving the Mid-Atlantic region through its subsidiary Fulton Bank, N.A. This news page aggregates coverage of FULT, with a focus on corporate announcements, earnings results, capital actions and strategic developments that affect the company’s commercial banking and financial services operations.
Readers can expect regular updates on quarterly and annual financial results, which Fulton releases via earnings press releases and accompanying investor presentations. These items typically detail net income, net interest income, non-interest income, asset quality metrics, capital ratios and other key performance indicators. The company also announces the dates and times of its earnings releases and analyst conference calls, along with webcast access information.
Fulton’s news flow frequently includes dividend declarations and share repurchase authorizations, such as quarterly cash dividends on its common stock and Series A preferred stock and board-approved repurchase programs covering common shares and certain other securities. Strategic activity is another important theme: Fulton has announced an Agreement and Plan of Merger with Blue Foundry Bancorp in an all-stock transaction and has disclosed the acquisition of substantially all of the assets and deposits of Republic First Bank by Fulton Bank from the FDIC as receiver.
Additional news items highlight leadership and governance changes, including executive appointments, retirements and new senior roles at Fulton Bank overseeing operations, technology and treasury functions. Community and employee-focused stories, such as scholarship awards funded by internal employee resource groups and community initiatives under the Fulton Forward® banner, also appear in the company’s news.
Investors, analysts and other interested readers can use this page to follow FULT’s ongoing financial performance, capital management decisions, merger activity and community banking initiatives in one consolidated feed.
The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT) has declared a quarterly cash dividend of 14 cents per share on its common stock, payable on October 15, 2021, to shareholders of record as of October 1, 2021. Additionally, a dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid to holders on the same date for holders of record as of September 30, 2021. Fulton Financial operates over 200 branches across multiple states and has approximately 3,300 employees.
Fulton Financial Corporation (NASDAQ:FULT) reported net income of $62 million, or $0.38 per diluted share, for Q2 2021. Key highlights include a decrease in net interest income to $162 million, attributed to lower Paycheck Protection Program (PPP) fee income. Total average net loans fell by $74 million to $18.9 billion, impacted by $639 million of PPP loans forgiven. Non-interest income decreased by $10 million to $52 million due to lower mortgage banking income. Non-interest expenses decreased by $38 million to $141 million, reflecting costs from prior quarter restructuring. The effective tax rate was stable at 16%.
Fulton Financial Corporation (Nasdaq:FULT) will release its second quarter 2021 earnings on July 20 at 4:30 p.m. ET. A conference call for analysts is scheduled for July 21 at 10:00 a.m. ET, hosted by CEO E. Philip Wenger, along with President Curtis J. Myers and CFO Mark R. McCollom. Interested parties can access the call via webcast at this link or by phone at (844) 264-2102, Conference ID: 3899811. Fulton Financial is a $26 billion financial holding company with over 200 branches across five states.
The Board of Directors of Fulton Financial Corporation (FULT) has announced a quarterly cash dividend of $0.14 per share on its common stock, payable on July 15, 2021, to shareholders of record as of July 1, 2021. Additionally, a quarterly dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid to holders of record as of June 30, 2021. Fulton Financial Corporation, valued at $26 billion, operates over 200 branches across five states.
George K. Martin has been appointed to the board of directors of Fulton Financial Corporation (NASDAQ: FULT) effective May 25, 2021. He fills the position left by retiring director Patrick Freer. Martin, who has been a partner at McGuire Woods LLP since 1990, holds extensive experience in construction and commercial real estate law. He has served on the Fulton Bank board since 2016 and is active in various community roles, including being an adjunct professor at the University of Virginia School of Law.
Fulton Financial Corporation (NASDAQ: FULT) reported a net income of $70 million, or $0.43 per diluted share, for the first quarter of 2021. The company experienced record EPS, a strong mortgage business, and growth in wealth management. Net interest income increased to $164 million, benefiting from PPP loan forgiveness. The balance sheet restructuring announced in March is expected to enhance net interest income moving forward. Non-interest income rose 11%, while non-interest expenses were impacted by restructuring costs, totaling $178 million, a 25% increase from last year.
Fulton Financial Corporation (Nasdaq: FULT) will release its Q1 2021 earnings on April 20, 2021, at 4:30 p.m. ET. The earnings report will include important charts and metrics. Following this, a conference call with key executives, including CEO E. Philip Wenger, will take place on April 21, 2021, at 10:00 a.m. ET. Investors can access the call via a webcast or by dialing in. Fulton Financial operates over 200 branches across five states and has a significant employee base of around 3,300, indicating its strong presence in the financial sector.
Fulton Financial Corporation (Nasdaq: FULT) announced the results of its cash tender offer for two series of notes. As of the Early Tender Date on March 29, 2021, approximately $143.3 million of its 4.500% Subordinated Notes due 2024 and approximately $70.1 million of its 3.60% Senior Notes due 2022 were validly tendered. Due to oversubscription, purchases will adhere to Tender Caps and proration factors. The Total Consideration for accepted notes includes an Early Tender Premium of $30 per $1,000 principal amount. Settlement is expected on March 30, 2021.
Fulton Financial Corporation (Nasdaq: FULT) has announced pricing terms for its cash tender offer to purchase up to $75 million of its 4.500% Subordinated Notes due 2024 and $60 million of its 3.60% Senior Notes due 2022. Holders who tender their Notes by the Early Tender Date of March 29, 2021, will receive a Total Consideration that includes a $30 early tender premium. The Offer will expire on April 13, 2021. Piper Sandler & Co. is acting as Dealer Manager for the Offer, with Global Bondholder Services Corporation serving as the Tender and Information Agent.
The Board of Directors of Fulton Financial Corporation (FULT) has declared a quarterly cash dividend of $0.14 per share on its common stock, an increase of $0.01 from the previous quarter. This dividend is payable on April 15, 2021, to shareholders on record as of April 1, 2021.
Additionally, a dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, has been declared, payable on the same date to record holders as of March 31, 2021.