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 reports developments for a regional financial holding company that provides consumer and commercial banking, deposit and loan products, and wealth management services through bank subsidiaries in Pennsylvania, New Jersey, Maryland, Delaware and Virginia.
Recurring updates cover quarterly operating results, earnings webcasts, common and Series A preferred dividends, capital-structure disclosures, governance changes and bank acquisition integration. News also reflects the completed acquisition of Blue Foundry Bancorp, which expanded Fulton's New Jersey presence and added Blue Foundry Bank as a subsidiary alongside Fulton Bank, N.A.
Fulton Bank (NASDAQ: FULT) has announced key leadership changes effective June 1, 2025. Andy Fiol, currently Head of Consumer & Business Banking, has been promoted to Chief Banking Officer. JoBeth Mauriello will succeed Fiol as the new Head of Consumer & Business Banking.
Fiol, who joined Fulton in 2018, brings over 20 years of financial services experience, including executive roles at Capital One and Bank of America. Mauriello, with 40+ years in financial services, has been with Fulton since 2007 and currently serves as Head of Sales and Transformation Initiatives.
CEO Curt Myers emphasized these appointments align with the bank's strategic priority to accelerate organic growth and enhance customer service excellence.
Fulton Bank (NASDAQ: FULT) has announced two $2,000 scholarships for students pursuing STEM fields, funded by the bank's Women in Technology employee resource group. The scholarships are available to high school seniors residing in Pennsylvania, New Jersey, Maryland, Delaware, District of Columbia, or Virginia who are enrolling in accredited undergraduate programs for the 2025/2026 academic year.
Applications must be submitted by May 9, 2025, with recipients to be notified around May 30, 2025. Eligible candidates must demonstrate academic excellence and plan to major in science, technology, engineering, or mathematics. Children of active Fulton employees, directors, and advisory board members are not eligible.
Fulton Financial (NASDAQ: FULT) reported strong Q1 2025 results with net income of $90.4 million, or $0.49 per diluted share, marking a $24.4 million increase from Q4 2024. Operating net income reached $95.5 million, or $0.52 per diluted share.
Key highlights include a solid net interest margin of 3.43%, with total cost of funds decreasing by 12 basis points. Non-interest expense decreased by $27.2 million to $189.5 million. Customer deposits grew by $304.9 million (4.9% annualized), excluding brokered deposits. The common equity tier 1 capital ratio improved to 11.0%.
Asset quality metrics showed improvement with non-performing assets decreasing to 0.62% of total assets, down from 0.69% in Q4 2024. The allowance for credit losses stood at $379.7 million, representing 1.59% of total net loans, while net charge-offs were 0.21% of total average loans.
Fulton Financial (Nasdaq: FULT) has scheduled its first quarter 2025 earnings release and webcast. The company will release its Q1 2025 earnings report and accompanying charts on Tuesday, April 15, 2025, at approximately 4:30 p.m. Eastern Time.
A conference call with analysts will be hosted on Wednesday, April 16, at 10 a.m. Eastern Time, led by Chairman and CEO Curtis J. Myers, alongside Senior Executive Vice President and CFO Rick Kraemer.
The financial holding company, based in Lancaster, Pa., manages over $30 billion in assets and employs more than 3,400 people. Fulton operates over 200 financial centers across five states: Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank, N.A.
Fulton Financial (FULT) has announced its latest dividend declarations. The Board approved a quarterly cash dividend of $0.18 per share on common stock, payable on April 15, 2025, to shareholders of record as of April 1, 2025.
Additionally, the company 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 preferred dividend covers the period from January 15, 2025, to April 15, 2025, and will be paid to shareholders of record as of March 31, 2025.
Fulton operates as a $30 billion financial holding company based in Lancaster, Pennsylvania, employing over 3,400 people and managing more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.
Innovative Solutions & Support (NASDAQ: ISSC) has appointed Denise L. Devine as an independent director to its Board of Directors, expanding it to six members. Devine, who will also serve on the Audit Committee, brings significant expertise as the CEO of FNB Holdings and Nutripharm, Inc.
Devine's background includes serving as CFO for Energy Solutions International and holding financial management positions at Campbell Soup Company. She currently serves on the Board of Fulton Financial (NASDAQ:FULT). A certified public accountant, she has chaired the Pennsylvania State Board of Accountancy and served on the Board of the American Institute of CPAs.
The appointment aligns with IS&S's strategy to enhance board expertise in overseeing the company's growth in advanced avionic solutions, including next-generation navigation systems, flight deck displays, and autonomous flight technology.
Maryland's business landscape shows strong momentum entering 2025, with several companies reporting significant developments. Cloudforce in National Harbor concluded 2024 with successful AI initiatives, including Cloud + AI Meetups and partnerships with Microsoft. Fulton Bank (NASDAQ: FULT) partnered with Baltimore Community Lending, providing a $250,000 grant to support early-stage entrepreneurs.
Howard Hughes Holdings secured Polymedco as a tenant in Downtown Columbia, while SECU formed partnerships with the University of Maryland's One Maryland Collective and Alumni Association. St. John Properties leased 15,600 square feet at Annapolis Technology Park to The Centers for Advanced Orthopaedics.
TEDCO hosted its 2024 Entrepreneur Expo with over 1,000 attendees, T. Rowe Price received multiple workplace recognitions, and United Therapeutics achieved a milestone with the world's first xenokidney transplant into a human patient.
Fulton Bank has announced the formation of a new Capital Markets team, led by Christopher Bigos as Head of Capital Markets. The initiative aims to enhance the bank's capabilities in managing syndications, derivatives, and capital markets referral programs.
Head of Commercial Banking John Glover emphasized that this program will help deepen relationships with capital markets providers and expand credit capacity. In his role, Bigos will oversee commercial & industrial (C&I) and commercial real estate (CRE) syndications, customer interest rate hedging, and CRE capital markets.
Bigos brings nearly 20 years of commercial banking experience, having started at Fulton as a management trainee before progressing through various roles. His experience includes a stint at HFF, Inc.'s CRE capital markets group, where he developed expertise in CRE debt and equity placement.