SEC Form 10-Q filed by Fulton Financial Corporation

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

SC 13G/A - FULTON FINANCIAL CORP (0000700564) (Subject)

SC 13G/A - FULTON FINANCIAL CORP (0000700564) (Subject)

SC 13G/A - FULTON FINANCIAL CORP (0000700564) (Subject)

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

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.

4 - FULTON FINANCIAL CORP (0000700564) (Issuer)

4 - FULTON FINANCIAL CORP (0000700564) (Issuer)

4 - FULTON FINANCIAL CORP (0000700564) (Issuer)

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

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