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) delivers community-focused banking and financial services across five Mid-Atlantic states. This news hub provides investors and stakeholders with timely updates on strategic developments, financial performance, and operational milestones.
Our curated collection features official press releases, earnings announcements, and analysis of key initiatives spanning commercial banking, wealth management, and mortgage services. Users gain centralized access to critical updates including quarterly financial results, leadership changes, and community reinvestment programs that reflect FULT's regional banking philosophy.
Regularly updated content covers regulatory filings, product innovations, and partnership developments while maintaining strict compliance with financial disclosure standards. The archive serves as a historical record for tracking the company's growth in commercial lending, capital markets activity, and customer-focused service enhancements.
Bookmark this page to monitor Fulton Financial's evolving strategies in regional banking and wealth management. Check back frequently for verified updates that enable informed analysis of FULT's market position and community impact.
Fulton Bank, a subsidiary of Fulton Financial (FULT), has awarded two $3,000 Women in Technology scholarships to Kailey Kasbeer-Betty and Yanwei Liu. The scholarships, presented by Fulton's Women in Technology employee resource group, support women pursuing STEM education.
Kasbeer-Betty, from Ellicott City, Md., will study electrical engineering at the University of South Florida. Liu, from Hummelstown, Pa., will pursue computer science at Cornell University. Eligible applicants had to be female high school seniors residing within Fulton Bank's footprint and enrolling in a STEM undergraduate program.
Kelly Salvato, Chairperson of Fulton's Women in Technology group, emphasized the importance of inspiring and connecting women in technology across both IT and business sectors.
Fulton Financial (NASDAQ: FULT) has announced Richard Kraemer as its new Senior Executive Vice President and Chief Financial Officer Designee. Kraemer will join Fulton on September 3, 2024, and take over as CFO in the fourth quarter, replacing Interim CFO Betsy Chivinski, who will retire at year-end.
Kraemer brings over 20 years of financial services experience, most recently serving as Chief Banking Officer overseeing commercial markets at another bank. He will oversee accounting, treasury, corporate development, tax, financial planning and forecasting, and investor relations at Fulton. CEO Curt Myers expressed confidence in Kraemer's ability to lead as CFO, citing his proven track record in commercial business, corporate finance, and developing strategies to improve profitability.
Fulton Financial (NASDAQ: FULT) reported Q2 2024 net income of $92.4 million, or $0.52 per diluted share, a $33.0 million increase from Q1. The quarter was significantly impacted by the acquisition of Republic Bank, contributing to a $47.4 million gain (net of tax). Key financial highlights include:
- Net interest income increased by $34.8 million to $241.7 million
- Non-interest income rose to $113.3 million, up from $57.1 million in Q1
- Net loans grew to $24.1 billion, a $2.7 billion increase
- Deposits increased by $3.8 billion to $25.6 billion
- Provision for credit losses was $32.1 million, up from $10.9 million in Q1
The company also completed a $273.0 million common stock offering and a sale-leaseback transaction resulting in a $20.3 million pre-tax gain.
Fulton Financial (Nasdaq: FULT) will release its second quarter 2024 earnings on July 16, 2024, at 4:30 p.m. ET.
A conference call with analysts is scheduled for July 17, 2024, at 10 a.m. ET, hosted by Chairman and CEO Curtis J. Myers and Interim CFO Betsy Chivinski.
Fulton operates over 200 branches across six states and employs around 3,500 people.
More information and access to the webcast can be found on their investor website.
Fulton Financial (Nasdaq: FULT) announced on June 18, 2024, that its Board of Directors has declared a quarterly cash dividend of seventeen cents per share on its common stock. This dividend will be payable on July 15, 2024, to shareholders of record as of July 1, 2024.
Additionally, the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend will also be payable on July 15, 2024, to shareholders of record as of June 30, 2024, for the period from April 15, 2024, to July 15, 2024.
Fulton Financial, based in Lancaster, Pennsylvania, is a financial holding company with assets exceeding $30 billion. It employs over 3,500 people and operates more than 200 financial centers across six states through Fulton Bank.
Fulton Bank, a subsidiary of Fulton Financial (NASDAQ: FULT), has released its 2023 Corporate Social Responsibility Report. The report highlights the bank's commitment to customers, employees, communities, and the environment. Significant metrics include $270 million in community development investments, $187 million in mortgage loans to low- to moderate-income buyers, $120 million in Small Business Administration loan originations, and $9.99 million in charitable donations from 2022-2023. Additionally, Fulton Bank employees contributed 12,800 volunteer hours in 2023. The report also introduces the bank's first Stakeholder Perspectives Assessment and new statements on human rights, supplier conduct, and environmental sustainability.
Fulton Bank, a subsidiary of Fulton Financial (NASDAQ: FULT), has partnered with Rider University to offer a banking program for students, faculty, staff, and alumni. The agreement includes various account options, workplace banking services, branded ATM/debit cards, and sponsorship of Rider Athletics. Fulton aims to enhance the banking experience for the university community.
Fulton Financial (NASDAQ: FULT) announced the closing of a $287.5 million public offering of common stock. The offering included 19,166,667 shares at $15 per share, with net proceeds of approximately $273.5 million. The funds will be used for general corporate purposes and to support new opportunities following an acquisition.
Fulton Financial announced the pricing of a $250 million offering of 16,666,667 shares of common stock at $15 per share, with a 30-day option for underwriters to purchase additional shares. The net proceeds are expected to be around $238 million. The offering will fund general corporate purposes, including business strategy opportunities post-acquisition of Republic First Bank assets. The expected closing date is around May 1, 2024.
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