Fulton Financial Q2 adjusted EPS rises on Blue Foundry deal

Fulton Financial

22/07/2026 21:42

    

    Overview
  
U.S. regional bank's Q2 adjusted EPS rose to $0.60, net income increased to $99.9 mln
Company completed acquisition of Blue Foundry Bancorp, boosting loans and net interest income
Non-interest expense rose due to acquisition costs and higher salaries

    

    Outlook
  
Company did not provide specific guidance for future quarters or the full year in the press release

    

    Result Drivers
  
ACQUISITION IMPACT - Blue Foundry Bancorp acquisition drove increases in loans, deposits, and net interest income
NON-INTEREST INCOME GAIN - Higher non-interest income from equity investment sale and mortgage banking
EXPENSES UP - Acquisition costs and higher salaries increased non-interest expense

    
Company press release: ID:nPn66XS3la

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Adjusted EPS
 
$0.60
 
Q2 Net Income
 
$99.85 mln
 
Q2 Net Interest Income
 
$284.25 mln
 
Q2 CET1 Capital Ratio
 
12.10%
 
Q2 Credit Loss Provision
 
$4.90 mln
 
Q2 Net Interest Margin (%)
 
3.60%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "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 $24.00, about 2.5% below its July 21 closing price of $24.62
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

    

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July 21 - KeyCorp quarterly profit rises on interest income strength

    
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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.)