Fulton Financial Corporation (FULT) Earnings
Fulton Financial Corporation is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.41. FULT has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +14.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.50 | $0.55 | +10.0% | $336M | +0.6% |
| Jan 21, 2026 | $0.52 | $0.55 | +5.8% | $334M | +1.9% |
| Oct 21, 2025 | $0.49 | $0.55 | +13.2% | $334M | +0.7% |
| Jul 15, 2025 | $0.43 | $0.55 | +27.9% | $324M | -2.5% |
| Apr 15, 2025 | $0.41 | $0.52 | +25.9% | $318M | +1.1% |
| Jan 21, 2025 | $0.42 | $0.48 | +14.3% | $324M | +4.8% |
| Oct 15, 2024 | $0.43 | $0.50 | +15.1% | $325M | +1.7% |
| Jul 16, 2024 | $0.30 | $0.47 | +56.7% | $266M | +13.1% |
| Apr 16, 2024 | $0.39 | $0.40 | +2.6% | $264M | -1.2% |
| Jan 16, 2024 | $0.40 | $0.42 | +5.0% | $271M | +28.5% |
| Oct 17, 2023 | $0.41 | $0.42 | +2.4% | $270M | +33.5% |
| Jul 18, 2023 | $0.42 | $0.46 | +9.5% | $273M | +28.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### High-level observations - Pleased with first quarter start, strength of foundation and consistent strategy execution. - Maintained focus on long-term value creation, community banking model benefits evident. - Teams focused on serving customers and operating efficiently. ### Operating highlights - First quarter operating earnings $0.55 per diluted share. - Strong revenue generation and prudent expense management drove positive operating leverage. - Loan activity solid, led by commercial mortgage growth; origination activity healthy. - Deposit trends positive, driven by strong customer base engagement. - Non-interest income steady, over 20% of total revenue. - Expense management: total non-interest expense down from fourth quarter. - Credit performance stable. - Closed acquisition of Blue Foundry Bancorp on April 1, integration progressing well.
Guidance
### Forward-looking statements - Affirming full year 2026 operating guidance with update to interest rate assumptions: 25 basis point cut in July instead of March. - Expect annualized mid single digit loan growth, controlled expense growth, and strong capital generation. - Acquisition of Blue Foundry Bancorp expected to be immediately earnings and tangible book accretive, revenue enhancements from relationship expansion.
Segment performance
Operating earnings were $0.55 per diluted share. Operating return on average assets was 1.30%, and operating return on tangible common equity was 14.76%. Efficiency ratio improved to 56.7%. Pre-provision net revenue increased $9.2 million linked quarter to $141 million. Loan activity: solid, led by commercial mortgage growth, partially offset by construction balance decline and indirect auto portfolio runoff; origination activity healthy. Deposit trends positive. Non-interest income steady, over 20% of total revenue. Expenses: total non-interest expense $200.3 million, down $12.7 million from fourth quarter; operating expenses $190.7 million. Credit performance stable, non-performing assets improved to 55 basis points of total assets.
Risks & headwinds
### Risks - Broader landscape including ongoing geopolitical developments and their potential impact on economic conditions, customer sentiment, and market volatility. - Credit decision-making needs to be disciplined, balanced, and prudent due to these dynamics. - Composition of Blue Foundry deposits in the near term may impact pro forma metrics.
Analyst Q&A
Q: Daniel Tomeo of Raymond James asked about expenses, classified and criticized loans, and deposits.
A: Rick responded on expense progression, classified and criticized loans trending down, and deposit trends with note on Blue Foundry deposits.
Q: David J. Bishop of Ho Group asked about geographies driving loan growth and prepayments/payoffs, and capital planning.
A: Kurt and Rick discussed loan growth drivers, construction maturity schedule, and capital planning with no specific target levels.
Q: Jackson Singleton on behalf of Casey Hare asked about NIM, TQ, and Basel III proposal impact.
A: Rick said NIM directionally higher with Blue Foundry impact, and Basel III proposal modestly beneficial.
Q: Matthew Breeze of Stevens Inc. asked about commercial portfolio purchase, loan growth outlook with Blue Foundry, and share repurchases.
A: Kurt discussed commercial portfolio purchase, Blue Foundry's market impact and loan growth outlook, and share repurchases with consideration of organic growth and market dynamics