Fulton Financial Corporation (NASDAQ: FULT) raises dividend, OKs $150M repurchase

Rhea-AI Filing Summary

Fulton Financial Corporation announced that its board raised the quarterly cash dividend on its common stock to nineteen cents per share, payable on January 15, 2026 to shareholders of record on December 31, 2025, which is one cent higher than the prior quarterly dividend declared in September 2025. The board also declared a quarterly dividend of $12.81 per share, or $0.32025 per depositary share, on its Series A preferred stock for the same record and payment dates, covering the period from October 15, 2025 to, but excluding, January 15, 2026.

In addition, the board approved a new securities repurchase program authorizing up to $150 million in aggregate principal amount of common stock and other securities from January 1, 2026 through January 31, 2027, including up to $25 million that may be used to repurchase Series A preferred shares or specified subordinated notes. Purchases may be made in open market or privately negotiated transactions and may be discontinued at the board’s discretion, with actual activity determined by management based on capital, liquidity, financial performance, market conditions and applicable requirements.

Insights

Banking equity analyst

Fulton combines a modest dividend increase with a flexible $150M securities repurchase authorization.

Fulton Financial Corporation is increasing cash returns to common shareholders by lifting its quarterly dividend to nineteen cents per share, a one cent increase from the prior level. It also maintained regular capital returns to preferred holders through a quarterly dividend of $12.81 per Series A preferred share, or $0.32025 per depositary share, for the period ending on January 15, 2026.

The board authorized a new repurchase program of up to $150 million in aggregate principal amount of common stock and other securities running from January 1, 2026 to January 31, 2027. Within this, up to $25 million may be used to repurchase Series A preferred stock or specified subordinated notes, giving flexibility across the capital structure.

The program is discretionary and may be discontinued, with purchases dependent on factors such as capital position, liquidity, financial performance, the market price of Fulton’s securities, broader conditions, and legal and regulatory requirements. Actual future capital return will therefore reflect management’s ongoing assessments during the 2026 program window rather than a fixed commitment to deploy the full authorization.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

December 16, 2025

Date of Report (date of earliest event reported)

Fulton Financial Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania

001-39680

23-2195389

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

One Penn Square,

P. O. Box 4887

Lancaster,

Pennsylvania

17604

(Address of Principal Executive Offices)

(Zip Code)

(717) 291-2411

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions see General Instruction A.2 below:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $2.50			FULT			The Nasdaq Stock Market, LLC
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A			FULTP			The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                                         Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item 7.01 Regulation FD Disclosure.

On December 16, 2025, Fulton Financial Corporation ("Fulton") announced that its Board of Directors (the "Board") declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on January 15, 2026, to shareholders of record as of December 31, 2025. This is a one cent per share increase from the quarterly cash dividend that the Board declared on September 16, 2025. In addition, Fulton announced that 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 (the "Preferred Stock"), payable on January 15, 2026, to shareholders of record as of December 31, 2025, for the period from and including October 15, 2025 to, but excluding, January 15, 2026.

Fulton also announced that the Board approved the repurchase of shares of Fulton's common stock and other securities in an aggregate principal amount not to exceed $150 million, excluding fees, commissions, excise taxes and other ancillary expenses, commencing on January 1, 2026, and expiring on January 31, 2027 (the "2026 Program"). Under the 2026 Program, up to $25 million, in the aggregate, may be used to repurchase shares of the Preferred Stock, Fulton's 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 or Fulton's 3.750% Fixed-to-Floating Rate Subordinated Notes due 2035. Purchases may be made from time to time under the 2026 Program in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws. The 2026 Program may be discontinued at any time at the discretion of the Board and does not commit Fulton to repurchase any of its securities. Purchases, if any, will be determined by management in its discretion and will depend upon a number of factors, including Fulton's capital position, liquidity, financial performance and alternate uses of capital, the market price of Fulton's securities, general market and economic conditions, and applicable legal and regulatory requirements.

On December 16, 2025, Fulton issued a press release announcing the dividend declarations and the 2026 Program, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in this Current Report on Form 8-K provided under Item 7.01, including all exhibits attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of Fulton under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.			Description
99.1			Press Release dated December 16, 2025.
104			Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 16, 2025						FULTON FINANCIAL CORPORATION
			By:			/s/ Richard S. Kraemer
						Richard S. Kraemer
						Senior Executive Vice President and
						Chief Financial Officer

FAQ

What common stock dividend did Fulton Financial (FULT) declare?

Fulton Financial’s board declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on January 15, 2026 to shareholders of record on December 31, 2025. This is one cent higher than the quarterly dividend declared on September 16, 2025.

What is the dividend on Fulton Financial’s Series A preferred stock (FULTP)?

The board declared a quarterly dividend of $12.81 per share, equivalent to $0.32025 per depositary share, on the Series A preferred stock. It is payable on January 15, 2026 to shareholders of record on December 31, 2025, covering the period from October 15, 2025 to, but excluding, January 15, 2026.

How large is Fulton Financial’s 2026 securities repurchase program?

The board approved a 2026 repurchase program authorizing the purchase of up to $150 million in aggregate principal amount of Fulton’s common stock and other securities. The program runs from January 1, 2026 through January 31, 2027.

Which securities can be repurchased under Fulton Financial’s 2026 program?

Under the 2026 program, Fulton may repurchase its common stock and, in the aggregate up to $25 million, its Series A preferred stock, its 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030, or its 3.750% Fixed-to-Floating Rate Subordinated Notes due 2035.

Is Fulton Financial required to use the full $150 million repurchase authorization?

No. The 2026 program may be discontinued at the board’s discretion and does not commit Fulton to repurchase any specific amount. Purchases, if any, will be determined by management based on factors including capital position, liquidity, financial performance, market prices, general conditions, and legal and regulatory requirements.

How and where may Fulton Financial execute repurchases under the 2026 program?

Purchases under the 2026 program may be made from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws.