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Fulton Financial Corporation Reports Third Quarter Earnings with Significant Growth for 2025

Fulton Financial Corporation, a prominent player in the banking industry, has released its third quarter results for 2025, showcasing a marked improvement in its financial health. The company, which trades on NASDAQ under the ticker FULT, reported net income available to common shareholders of $97.9 million, equating to $0.53 per diluted share. This figure reflects a $1.3 million increase compared to the previous quarter, signaling robust operational performance as the company navigates a competitive financial landscape.

Overview of the Financial Results

In its latest report, the operating net income for the three months ending on September 30, 2025, reached $101.3 million (or $0.55 per diluted share), further highlighting the corporation's ability to enhance earnings quarter-over-quarter. Over the nine months ending September 30, 2025, Fulton saw an impressive total net income of $285 million, translating to $1.55 per diluted share—an increase of $72.5 million compared to the same period in 2024.

CEO Comments

Curtis J. Myers, Chairman and CEO of Fulton, emphasized the significance of these results, stating, "We're proud to announce record operating net income surpassing $101 million, or $0.55 per diluted share, during the third quarter. Our continued success is a result of our focus on serving as trusted advisors to our customers and deepening our customer relationships." This confidence reflects the company's strategic approach in nurturing customer ties, which is a bedrock of its sustained growth.

Key Financial Metrics

The third-quarter performance was impacted by several notable financial metrics:

• - A solid net interest margin of 3.57%, although there was a slight decrease in total cost of funds.
• - Non-interest income saw an increase of $1.3 million, reaching $70.4 million compared to $69.1 million in the prior quarter.
• - However, non-interest expenses also climbed by $3.8 million, totaling $196.6 million.

This increase in expenses was primarily attributed to higher salaries, employee benefits, and a slight uptick in operational costs—necessary investments to support the company’s growth agenda.

Loan and Deposit Trends

The company’s total net loans stood at $24.0 billion as of September 30, which reflects a modest increase against previous figures. One contributing factor was the increase in consumer loans, with a notable gain of $115.4 million. Deposit totals also saw positive growth, reaching $26.3 billion, which was bolstered by seasonal trends within interest-bearing demand deposits.

The provision for credit losses was reported at $10.2 million, facilitating a total allowance for credit losses attributable to net loans at $376.3 million—holding steady at approximately 1.57% of total net loans.

This consistency in maintaining asset quality is critical in managing risks associated with loans, particularly in the current economic environment, which has been marked by inflation and rising interest rates.

Looking Ahead

Fulton's strong performance amid a shifting economic backdrop illustrates its commitment to prudent financial management and strategic growth initiatives. The focus on expanding its customer base while enhancing asset quality is indicative of a solid foundation for future growth.

As the corporation prepares for the next quarter, stakeholders will be watching closely to see if it can continue to build on this momentum.

Additional information about Fulton Financial Corporation's operations, services, and financial metrics can be found on their official website: www.fultonbank.com.