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 Corporation (NASDAQ: FULT), has launched a Diverse Business Banking program aimed at supporting minority, women, veteran, and LGBTQ business owners. This initiative includes specialized banking services and resources tailored to these communities, reflecting the bank's commitment to inclusivity.
The program features Diverse Business Advocates, certified bankers who provide mentorship and custom solutions. Key offerings include flexible loan approval criteria, business product bundles, SBA products, and various financial services.
Fulton Bank emphasizes its role as a trusted advisor, aiming to strengthen ties with community organizations to enhance support for diverse businesses.
Fulton Financial Corporation (NASDAQ:FULT) reported a net income of $65.8 million, or $0.39 per diluted share, for Q1 2023. This reflects a decrease of $13.5 million, or 17.1%, compared to Q4 2022. Net interest income was $215.6 million, down $10.3 million from the previous quarter, influenced by a mix shift from low-cost deposits to higher-cost borrowings. Year-over-year, net interest income increased by 33.6%, attributed to rising interest rates and loan growth, including contributions from the Prudential Bancorp acquisition. Non-interest income fell by 4.8% from Q4 2022, mainly due to reduced commercial banking income and lower mortgage banking revenues. Non-interest expense decreased by 4.2% quarter-over-quarter, but rose by 9.6% year-over-year. The provision for credit losses was $24.5 million, up from $14.5 million in the prior quarter, mainly due to loan growth and macroeconomic changes.
FAQ
What is the current stock price of Fulton Financial (FULT)?
What is the market cap of Fulton Financial (FULT)?
