#USA #Fulton Financial #Net Income #NASDAQ:FULT #Lancaster, PA

Fulton Financial Corporation Reports Outstanding Q2 Earnings

Fulton Financial Corporation (NASDAQ: FULT) has recently disclosed its financial performance for the second quarter of 2025, showcasing remarkable growth and a record setting net income of $96.6 million, equivalent to $0.53 per diluted share. This marks an increase of $6.2 million or $0.04 per diluted share when compared to the first quarter of the same year.

Financial Highlights

For the three months ending June 30, 2025, Fulton Financial recorded an operating net income available to common shareholders totalling $100.6 million (or $0.55 per diluted share), an increase from the previous quarter’s figures. Furthermore, the total net income for the six months ending June 30, 2025, reached $187.1 million, or $1.02 per diluted share, which is a substantial increase of $35.3 million, or $0.13 per diluted share, from the same period last year.

Curt Myers, Chairman and CEO of Fulton, expressed pride in the team’s performance, stating, "I'm proud that our team has delivered a new company record, with operating net income of $100.6 million, or $0.55 per diluted share, this past quarter. Our community banking strategy continues to provide significant value to customers and has once again resulted in strong bottom-line results for the company."

Key Financial Performance Metrics

1. Net interest margin remained solid at 3.47%, with only a slight decrease in the total cost of funds compared to previous quarters.
2. The bank’s non-interest income rose to $69.1 million, up from $67.2 million in the prior quarter.
3. Non-interest expenses saw a mild increase to $192.8 million compared to $189.5 million in the first quarter of 2025.
4. The provision for credit losses was reported at $8.6 million, resulting in a total allowance for credit losses of $377.3 million, representing 1.57% of total net loans as of June 30, 2025.

Interestingly, net loan growth was also observed during this quarter, with net loans increasing by $150 million or 2.5% annualized compared to the previous quarter.

Comparisons and Trends

When contrasting the results from the second quarter with the first quarter of 2025:

• - Net interest income reached $254.9 million, reflecting an increase driven by higher interest income from both investment securities and net loans.
• - Specific increases in non-interest revenue included mortgage banking income and merchant card fees.
• - A slight uptick in salaries and employee benefits was noted, mainly due to annual merit increases and performance-related bonuses.

Fulton Financial’s robust balance sheet reflected total assets at $32.0 billion, maintaining a strong foundation of capital and liquidity, which the team continues to leverage for growth. The bank’s community-centered approach is resonating well with consumers, suggesting a robust outlook for future quarters.

Conclusion

Fulton Financial Corporation has demonstrated significant resilience and effectiveness in its operational strategies, as evidenced by these impressive financial results. The ongoing focus on community banking appears to be rewarding shareholders, driving sustained growth as we move further into 2025. For additional information, interested parties can visit Fulton Bank's website.