#USA #Financial Services #Fulton Financial #Lancaster, Pennsylvania #Blue Foundry Bancorp

Fulton Financial Corporation Celebrates Strong Q2 Performance

Fulton Financial Corporation, trading under NASDAQ ticker FULT, demonstrated remarkable financial achievement in its second-quarter results for 2026. The company reported a net income available to common shareholders of $99.9 million, which is equivalent to $0.52 per diluted share. This marks an increase of $7.7 million or $0.01 per diluted share compared to the first quarter of the same year.

Financial Overview

Fulton's operating net income for the three months ending June 30, 2026, was recorded at $115.9 million, or $0.60 per diluted share, showcasing an increase of $16.2 million, representing $0.05 per diluted share more than the first quarter. The first half of 2026 resulted in a total net income of $192.1 million or $1.02 per diluted share, maintaining steady performance in comparison to the same period in 2025.

Strategic Acquisitions and Partnerships

Company Chairman and CEO, Curtis J. Myers, enthused over the quarter's accomplishments, especially highlighting the successful acquisition of Blue Foundry Bancorp completed on April 1, 2026. The strategic integration of Blue Foundry Bank into Fulton Bank by July 11 has been pivotal, expanding Fulton’s footprint and augmenting its ability to enhance existing customer relationships.

Key Financial Metrics

• - Net Interest Margin: The company’s net interest margin remained robust at 3.60%, a slight increase from the previous quarter.
• - Non-Interest Income: This rose significantly by $9.5 million to reach $79.3 million compared to $69.8 million last quarter.
• - Operational Expenses: Non-interest expenses increased by $30.7 million, totaling $231.0 million for the quarter, reflecting competitive operational challenges along with costs associated with recent acquisitions.
• - Credit Losses: The provision for credit losses was noted at $4.9 million, implying a continuous commitment to managing and mitigating credit risks.

The allowance for credit losses associated with net loans was pegged at $382.6 million, or 1.48% of total net loans.

Balance Sheet Strength

Fulton Financial's total net loans increased majestically by $1.7 billion reaching a total of $25.9 billion, bolstered by the Blue Foundry Bancorp transaction, which added significant asset value. Deposits surged to $28.3 billion, which represents a $1.5 billion increase, underlining customer confidence in the organization’s strategic direction.

Looking Ahead

Looking forward, Fulton Financial Corporation is enabling strong performance through a steadfast strategy focused on community banking principles. The firm’s commitment to personal banking relationships, alongside the adept execution of its strategic priorities, aims to create long-term shareholder value.

In closing, the achievements in Q2 of 2026 reflect not only the internal capabilities of Fulton Financial but also a clarion call of confidence from its market operations. As the company maneuvers through a transformed landscape post-acquisition, its upward trajectory remains promising with ample growth ahead.