Fulton Financial Corporation operates as a financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans. In addition, it provides equipment lease financing, letters of credit, cash management services, and traditional deposit products; and investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns passive investments, as well as trust preferred securities; and sells various life insurance products. Fulton Financial Corporation provides its products and services through branch banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company operated branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: fult.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $19.50 | Neutral → Buy | Janney |
| 12/14/2023 | $14.00 → $16.00 | Overweight → Equal-Weight | Stephens |
| 1/10/2023 | $19.50 | Neutral | Janney |
| 4/21/2022 | $20.50 | Equal-Weight → Overweight | Stephens |
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Janney upgraded Fulton Fincl from Neutral to Buy and set a new price target of $19.50
Stephens downgraded Fulton Fincl from Overweight to Equal-Weight and set a new price target of $16.00 from $14.00 previously
Janney initiated coverage of Fulton Fincl with a rating of Neutral and set a new price target of $19.50
Stephens upgraded Fulton Fincl from Equal-Weight to Overweight and set a new price target of $20.50
Raymond James downgraded Fulton Financial from Outperform to Market Perform
Daniel R. Stolzer, senior executive vice president, chief legal officer and corporate secretary of Fulton Financial Corporation ("Fulton") (NASDAQ:FULT), has announced that he will retire from Fulton on January 7, 2022 after more than eight years of service to the company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211026006296/en/Daniel R. Stolzer (Photo: Business Wire) In a related announcement, Fulton announced that Natasha R. Luddington has joined Fulton's senior management team as senior executive vice president and will become the corporation's chief legal officer and corporate secretary upon Stolzer's retirement. "Dur
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LANCASTER, Pa., Oct. 15, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $60.6 million, or $0.33 per diluted share, for the third quarter of 2024, a decrease of $31.8 million, or $0.19 per share, in comparison to the second quarter of 2024. Operating net income available to common shareholders for the three months ended September 30, 2024 was $91.3 million, or $0.50 per diluted share(1), an increase of $8.8 million, or $0.03 per share, in comparison to the second quarter of 2024. "We are excited about the progress we made on key strategic initiatives and
LANCASTER, Pa., Oct. 9, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that it will distribute its third quarter 2024 earnings release and accompanying charts on Tuesday, October 15, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, October 16, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO Designee. The link to the webcast of this call can be found at https://investor.fulto
LANCASTER, Pa., Sept. 17, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on October 15, 2024, to shareholders of record as of October 1, 2024. In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on October 15, 2024, to shareholders of re
LANCASTER, Pa., July 16, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.4 million, or $0.52 per diluted share, for the second quarter of 2024, an increase of $33.0 million, or $0.16 per share, in comparison to the first quarter of 2024. Operating net income available to common shareholders for the three months ended June 30, 2024 was $82.5 million, or $0.47 per diluted share(1), an increase of $17.1 million, or $0.07 per share in comparison to the first quarter of 2024. "The second quarter was an extraordinary quarter for Fulton. I want to personally
LANCASTER, Pa., July 3, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that it will distribute its second quarter 2024 earnings release and accompanying charts on Tuesday, July 16, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, July 17, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Betsy Chivinski, Senior Executive Vice President and Interim CFO. The link to the webcast of this call can be found at https://investor.fultonba
LANCASTER, Pa., June 18, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on July 15, 2024, to shareholders of record as of
Fulton doubles regional presence while providing stability to customers Fulton Financial Corporation (NASDAQ:FULT) (the "Corporation") today announced that its bank subsidiary, Fulton Bank, N.A. ("Fulton"), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"). All regulatory approvals, including approval from the Office of the Comptroller of the Currency, have been obtained, and the transaction has closed. "With this transaction, we are excited to double our presence across the region," said Fulton Chairman and CEO C
Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $59.4 million, or $0.36 per diluted share, for the first quarter of 2024, a decrease of $2.3 million, or 3.8%, in comparison to the fourth quarter of 2023. Operating net income available to common shareholders for the three months ended March 31, 2024 was $65.4 million, or $0.40 per diluted share(1), a decrease of $3.5 million, or 5.0% in comparison to the fourth quarter of 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240416112442/en/ "We are pleased with our first quarter results, which are
Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that it will distribute its fourth quarter 2023 earnings release and accompanying charts on Tuesday, April 16, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, April 17, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Betsy Chivinski, Senior Executive Vice President and Interim CFO. The link to the webcast of this call can be found at https://investor.fultonbank.com. Participants can also access the audio-only webcast at: https://edge.media-server.com/mmc/p/j6ztqavs. Fulton, a $27 billion Lancaster, Pa.-based
Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on April 15, 2024, to shareholders of record as of April 1, 2024. In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2024, to shareholders of record as of March 31, 2024, for the period from and including January 15, 2024, to but excluding, April 15, 2024. Fulton, a $27 billion Lancaster, Pennsylvania-based
Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that Richard Kraemer is joining Fulton as Senior Executive Vice President and Chief Financial Officer Designee. In the fourth quarter of 2024, Rick will become Fulton's Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who will retire from Fulton at the end of the year.
In connection with the planned financial center office closures, the Corporation expects to incur pre-tax costs of approximately $10 million, consisting of approximately $6 million of write-offs of premises and equipment and related expenses, approximately $3 million of lease termination charges, and approximately $1 million of future cash expenditures in connection with employee severance. These costs are expected to be recognized in the third quarter of 2024. The Corporation expects that, in the aggregate, these financial center office closures will reduce annual pre-tax operating expense by approximately $8 million, beginning in the first quarter of 2025.
Fulton Financial (NASDAQ:FULT) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.30 by 56.67 percent. This is unchanged from the same period last year. The company reported quarterly sales of $246.276 million which beat the analyst consensus estimate of $235.554 million by 4.55 percent. This is a 13.36 percent increase over sales of $217.257 million the same period last year.
Fulton Financial (NASDAQ:FULT) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.30 by 56.67 percent. This is unchanged from the same period last year.
Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Fulton Financial (NASDAQ:FULT) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 7 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 0 5 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $17.44, a high estimate of $19.50, and a low estimate of $15.50. Marking an incr
Jefferies analyst Casey Haire maintains Fulton Financial (NASDAQ:FULT) with a Hold and lowers the price target from $18.5 to $18.
Stephens & Co. analyst Matt Breese maintains Fulton Financial (NASDAQ:FULT) with a Equal-Weight and raises the price target from $15.5 to $17.5.
DA Davidson analyst Manuel Navas maintains Fulton Financial (NASDAQ:FULT) with a Neutral and raises the price target from $15 to $18.
Analysts' ratings for Fulton Financial (NASDAQ:FULT) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $17.2, a high estimate of $19.50, and a low estimate of $15.50. Observing a 3.18% increase, the current average has risen from the previ
LANCASTER, Pa., Nov. 1, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that Richard Kraemer has been appointed as Senior Executive Vice President and Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who is retiring from Fulton at the end of the year. "I would like to thank Betsy Chivinski for her many years of service to Fulton," said Chairman and Chief Executive Officer Curt Myers. "As Interim CFO, Betsy helped lead the Republic Bank transaction and our common stock issuance, among other notable contributions.
LANCASTER, Pa., Oct. 15, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $60.6 million, or $0.33 per diluted share, for the third quarter of 2024, a decrease of $31.8 million, or $0.19 per share, in comparison to the second quarter of 2024. Operating net income available to common shareholders for the three months ended September 30, 2024 was $91.3 million, or $0.50 per diluted share(1), an increase of $8.8 million, or $0.03 per share, in comparison to the second quarter of 2024. "We are excited about the progress we made on key strategic initiatives and
LANCASTER, Pa., Oct. 9, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that it will distribute its third quarter 2024 earnings release and accompanying charts on Tuesday, October 15, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, October 16, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO Designee. The link to the webcast of this call can be found at https://investor.fulto
LANCASTER, Pa., Sept. 26, 2024 /PRNewswire/ -- Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation, today announced the launch of Fulton Deposit Escrow Management, which allows customers to access their escrow information and tools seamlessly. This new digital capability is provided in partnership with ZSuite Technologies, a leading digital platform for escrow account and subaccount management. The platform is geared toward clients in the real estate industry, such as landlords and property managers, and municipal and local government organizations. ZEscrow allows
LANCASTER, Pa., Sept. 17, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of seventeen cents per share on its common stock, payable on October 15, 2024, to shareholders of record as of October 1, 2024. In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on October 15, 2024, to shareholders of re
Executives Appointed to Lead Commercial, Business Banking, Credit and Market President Teams LANCASTER, Pa., Aug. 5, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ:FULT), a more than $30 billion financial services holding company, today announced several new executive appointments within the leadership teams of Fulton Bank, N.A. ("Fulton Bank"). Meg R. Mueller, Senior Executive Vice President, has been named Chief Credit Executive and will lead the team responsible for credit fulfillment across the organization, in the commercial, consumer and business banking line
LANCASTER, Pa., July 24, 2024 /PRNewswire/ -- Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation, today announced that Kailey Kasbeer-Betty and Yanwei Liu have been chosen to each receive a $3,000 scholarship. The scholarships were awarded by Fulton's Women in Technology employee resource group to women studying in the science, technology, engineering or mathematics (STEM) fields. Both recipients will be attending undergraduate programs in the fall: Kailey Kasbeer-Betty is from Ellicott City, Md., and graduated from Glenelg High School. She will attend the Univers
LANCASTER, Pa., July 23, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that Richard Kraemer is joining Fulton as Senior Executive Vice President and Chief Financial Officer Designee. In the fourth quarter of 2024, Rick will become Fulton's Chief Financial Officer ("CFO"), replacing Interim CFO Betsy Chivinski, who will retire from Fulton at the end of the year. "I would like to thank Betsy Chivinski for her many years of service to Fulton," said Chairman and CEO Curt Myers. "She's been an integral part of this company's success. We
LANCASTER, Pa., July 16, 2024 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ:FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.4 million, or $0.52 per diluted share, for the second quarter of 2024, an increase of $33.0 million, or $0.16 per share, in comparison to the first quarter of 2024. Operating net income available to common shareholders for the three months ended June 30, 2024 was $82.5 million, or $0.47 per diluted share(1), an increase of $17.1 million, or $0.07 per share in comparison to the first quarter of 2024. "The second quarter was an extraordinary quarter for Fulton. I want to personally
LANCASTER, Pa., July 3, 2024 /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (NASDAQ:FULT) today announced that it will distribute its second quarter 2024 earnings release and accompanying charts on Tuesday, July 16, at approximately 4:30 p.m. Eastern Time. Fulton will host a conference call with analysts on Wednesday, July 17, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman and CEO, will host the call. He will be joined by Betsy Chivinski, Senior Executive Vice President and Interim CFO. The link to the webcast of this call can be found at https://investor.fultonba