Fulton Financial Q1 adjusted EPS flat net income dips

Fulton Financial

22/04/2026 21:58

Overview

U.S. regional bank's Q1 adjusted EPS was flat at $0.55, net income declined slightly

Company completed Blue Foundry Bancorp acquisition, expanding New Jersey presence

Fulton repurchased 1.2 mln shares for $24.5 mln in Q1 under 2026 buyback program

Outlook

Company did not provide specific guidance or forecasts for future quarters or full yr

Result Drivers

NET INTEREST INCOME - Decreased due to lower interest income on loans and securities, partially offset by reduced interest expense on deposits

NON-INTEREST EXPENSES - Fell mainly due to lower incentive compensation, offsetting higher acquisition-related costs

FEE INCOME - Declined in commercial and consumer banking due to fewer business days and seasonality, partially offset by higher income from equity method investments and wealth management

Company press release: ID:nPn5DX8qha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$0.55
Q1 Net Income
$92.20 mln
Q1 Net Interest Income
$262.02 mln
Q1 CET1 Capital Ratio
11.90%
Q1 Credit Loss Provision
$14.44 mln
Q1 Net Interest Margin (%)
3.58%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Fulton Financial Corp is $23.50, about 7.5% above its April 21 closing price of $21.86

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)