#United States #Lancaster #Fulton Financial #Q3 2026 #Blue Foundry Bank

Fulton Financial Corporation Reports Impressive Third Quarter Performance in 2026

Fulton Financial Corporation has revealed its financial results for the third quarter of 2026, demonstrating remarkable profitability and effective management strategies. The corporation reported a net income available to common shareholders amounting to $114.1 million, equating to $0.59 per diluted share, marking an increase from the prior quarter. This was complemented by an operating net income of $119.8 million, or $0.62 per diluted share, reflecting a robust growth in the company’s financial operations.

In a statement, Curtis J. Myers, Chairman, CEO, and President of Fulton, commented on the remarkable results, highlighting the successful integration of Blue Foundry Bank and the corresponding growth in their customer base and funding. Myers recognized the sustained demand for the community banking model and emphasized the unwavering dedication of their team to provide personalized service to clients. Furthermore, he noted that the strategic decisions made continuously enhance long-term value for shareholders.

Financial Overview

For the first nine months of 2026, Fulton Financial Corporation achieved a total net income of $306.1 million, or $1.62 per diluted share, representing an increase of $21.2 million, which is about $0.07 more than the same period last year. Operating net income for the same timeframe was $335.3 million, translating to $1.77 per diluted share - up by $37.9 million or $0.15 compared to the previous year.

Key Financial Figures

Fulton Financial’s operating results in the third quarter were positively influenced by several factors:

• - The net interest margin stood at a solid 3.58%, a minor decrease of two basis points from the previous quarter.
• - Non-interest income saw a decrement to $77.2 million as opposed to $79.3 million in the prior quarter, largely due to income reductions from equity method investments.
• - Notably, non-interest expense dropped by $12.4 million to $218.5 million compared to the prior quarter.
• - The provision for credit losses was recorded at $4.1 million, amounting to an allowance for credit losses of $375.6 million, which is about 1.45% of total net loans as of September 30, 2026.
• - The common equity Tier 1 capital ratio remained robust at 12.2% as of September 30, 2026.

Stock Repurchase Program

In line with its strategic initiatives, during the third quarter, the corporation repurchased 2,325,000 shares of common stock under the 2026 Repurchase Program at a total cost of $56.1 million. Since the program’s initiation, Fulton has repurchased a total of 4,062,650 shares for approximately $91.8 million.

Asset Quality and Conditions

Fulton's asset quality showed commendable performance with non-performing assets decreasing to $179.4 million as of September 30, 2026, which is 0.52% of total assets, down from 0.54% from the prior quarter. The annualized net charge-offs for this quarter were 0.14% of total average loans, a notable improvement from 0.34% in the previous quarter.

Conclusion

The impressive financial results for the third quarter of 2026 highlight Fulton Financial Corporation's effective management practices and commitment to delivering value to its shareholders. With a solid opening for growth trajectories ahead, Fulton stands out as a resilient player in the financial services landscape. The management continues to prioritize strategic decisions and customer-centric approaches to further enhance its standing in the competitive market.

For investors and stakeholders, the detailed financial metrics and results provide a robust overview of Fulton's current standing and future potential. With its ongoing strategies, Fulton Financial Corporation is set to continue its upward trajectory, reinforcing its reputation as a leader in community banking.

For more information regarding Fulton's financial performance and future plans, please visit Fulton Bank's official site.