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Fulton Financial

Fulton Financial Corp is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.

Fulton Financial Corporation - Common Stock

Fulton Financial Corp

Fulton Financial Corporation - Depositary Shares Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A

News

FULT

Fulton Financial Outlook 2025 Provision For Credit Losses $60M-$80M; Non-FTE Net Interest Income $995M-$1.02B; Non-Interest Income $265M-$280M; Non-Interest Expense $755M-$775M

DA Davidson analyst Manuel Navas maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Neutral and raises the price target from $21 to $22.

Price Target

Analyst Ratings

DA Davidson Maintains Neutral on Fulton Financial, Raises Price Target to $22

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Market Perform and raises the price target from $23 to $24.

Keefe, Bruyette & Woods Maintains Market Perform on Fulton Financial, Raises Price Target to $24

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) announced its Q4 earnings on Tuesday, January 21, 2025 at 04:30 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Fulton Financial beat estimated earnings by 14.000000000000002%, reporting an EPS of $0.48 versus an estimate of $0.42.
Revenue was up $41.45 million from the same period last year.
<h3>Previous Earnings Records</h3>
Last quarter the company beat on EPS by $0.06 which was followed by a 2.0% increase in the share price the next day.
Here's a look at Fulton Financial's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.44</td>
<td>0.30</td>
<td>0.39</td>
<td>0.40</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.50</td>
<td>0.47</td>
<td>0.40</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>263.40M</td>
<td>235.55M</td>
<td>216.52M</td>
<td>211.19M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>262.43M</td>
<td>246.28M</td>
<td>211.53M</td>
<td>216.56M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Fulton Financial <a href="https://www.benzinga.com/quote/FULT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Fulton Financial Q4 Earnings Assessment

Fulton Financial Q4 Operating EPS $0.48

<h3>Companies Reporting Before The Bell</h3>
• 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $5.78 billion. 
• United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $1.87 billion. 
• Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) is expected to report quarterly loss at $0.21 per share on revenue of $76.50 million. 
• Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $485.57 million. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $2.21 billion. 
• FB Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $131.14 million. 
• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. 
• Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $57.33 million. 
• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.94 billion. 
• Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $29.49 million. 
• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $5.13 billion. 
• Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $109.93 million. 
• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $328.44 million. 
• New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $1.06 billion. 
• Community Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $192.78 million. 
• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.39 per share on revenue of $7.12 billion. 
<h3>Companies Reporting After The Bell</h3>
• Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $787.50 million. 
• United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.34 billion. 
• SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $44.37 million. 
• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $208.67 million. 
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.20 per share on revenue of $10.13 billion. 
• Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is likely to report earnings for its fourth quarter. 
• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $211.34 million. 
• Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $1.37 billion. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $365.13 million. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $470.83 million. 
• Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $73.15 million. 
• Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.32 billion. 
• Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $171.35 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $315.73 million. 
• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.32 per share on revenue of $55.33 million. 
• Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is projected to report quarterly earnings at $2.49 per share on revenue of $632.53 million. 
• Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) is projected to report quarterly earnings at $2.71 per share on revenue of $10.21 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 21, 2025

Buybacks

Fulton Financial Approves $125M Repurchase Program

Dividends

Fulton Financial Increased Quarterly Dividend From $0.17 To $0.18

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Market Perform and raises the price target from $20 to $23.

Keefe, Bruyette & Woods Maintains Market Perform on Fulton Financial, Raises Price Target to $23

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Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

Fulton&nbsp;Financial Corporation ("Fulton") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) 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.

Management

Fulton Financial Corporation Names Rick Kraemer As Chief Financial Officer, Replacing Interim CFO Betsy Chivinski, Who Is Retiring From Fulton At The End Of The Year

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.44 by 25 percent. The company reported quarterly sales of $258.01 million which missed the analyst consensus estimate of $263.40 million by 2.05 percent. This is a 18.20 percent increase over sales of $218.28 million the same period last year.

Earnings Misses

Fulton Financial Q3 2024 Adj EPS $0.33 Misses $0.44 Estimate, Net Interest Income $258.01M

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-15. Here's what investors need to know before the announcement.
Analysts estimate that Fulton Financial will report an earnings per share (EPS) of $0.44. 
Investors in Fulton Financial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 4.47% increase in the share price the next day.
Here's a look at Fulton Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.39</td>
<td>0.40</td>
<td>0.41</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.47</td>
<td>0.40</td>
<td>0.42</td>
<td>0.43</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728914494_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fulton Financial were trading at $17.95 as of October 11. Over the last 52-week period, shares are up 41.74%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FULT/earnings">To track all earnings releases for Fulton Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Fulton Financial

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is a &#8220;<a href="https://www.benzinga.com/analyst-ratings/price-target/24/10/41290721/palo-alto-networks-to-rally-around-14-here-are-10-top-analyst-forecasts-for-friday">good&#8221; one.</a>
On Friday, Morgan Stanley analyst Hamza Fodderwala maintained Palo Alto with an Overweight and raised the price target from $390 to $421.
Cramer said he is worried about Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>). &#8220;The balance sheet's not great, and they should have raised capital when they had a chance to. This was a very jarring series of news tonight, and I don't have any conviction whatsoever that they are getting this right,&#8221; he added.
On Friday, Boeing reported a preliminary loss of $9.97 per share and revenue of $17.8 billion for the third quarter. The company also announced a 10% reduction in its workforce.
When asked about Johnson Controls International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), he said, &#8220;Can you believe that company's made such a comeback? I like Carrier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), I like Trane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>), and I like Johnson Controls.&#8221;
On Oct. 7, Wells Fargo analyst Joe O&#8217;Dea maintained Johnson Controls Intl with an Overweight and raised the price target from $80 to $84.
Fulton Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is a &#8220;good one,&#8221; the &#8220;Mad Money&#8221; host said.
Fulton Financial will report its third quarter 2024 earnings on Tuesday, Oct. 15, at approximately 4:30 p.m. ET.
Price Action:
<ul>
<li>Boeing shares gained 3% to settle at $151.02 on Friday.</li>
<li>Palo Alto shares gained 1% to close at $373.20.</li>
<li>Johnson Controls International shares gained 0.9% to close at $77.61 on Friday.</li>
<li>Fulton Financial shares gained 2.7% to close at $17.95 during the session.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41300623/top-3-real-estate-stocks-that-may-explode-this-quarter">Top 3 Real Estate Stocks That May Explode This Quarter</a></li>
</ul>
Image: Shutterstock

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Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

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Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

Fulton Financial Corporation ("Fulton") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) 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.

Fulton Financial Names Rick Kraemer As CFO Designee, Replacing Interim CFO Betsy Chivinski, Effective In Q4 Of 2024

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.

Guidance

Fulton Financial Says On July 16, 2024, Fulton Bank Board Approves Plan To Close 13 Of Bank's Financial Center Offices And Consolidate Operations Into Nearby Financial Center Offices - Filing

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) 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.

Earnings Beats

Fulton Financial Q2 2024 Sales $246.276M Beat $235.554M Estimate

Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) 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.

Fulton Financial Q2 2024 Adj EPS $0.47 Beats $0.30 Estimate

Press Releases

FULTON BANK LAUNCHES DEPOSIT ESCROW MANAGEMENT PLATFORM

Fulton Financial Corporation Announces Dates for Third Quarter 2024 Earnings Release and Webcast

Fulton Financial Corporation Announces Third Quarter 2024 Results

FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICER

Fulton Financial Corporation Announces Increased Common Stock Dividend, Preferred Stock Dividend and $125 Million Repurchase Program

Fulton Financial Corporation Announces Dates for Fourth Quarter 2024 Earnings Release and Webcast

Fulton Financial Corporation Announces 2024 Fourth Quarter and Full-Year Results

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