Fulton Financial Corporation is a bank holding company for Fulton Bank, providing banking and financial products and services in the United States. Its offerings include checking and savings accounts, certificates of deposit, consumer loans such as home equity, mortgage, auto, student, and personal loans, and commercial lending products including commercial real estate, commercial and industrial, and construction loans. The company also provides letters of credit, cash management, wealth management services, and life insurance products. Founded in 1882 and headquartered in Lancaster, Pennsylvania, it serves customers through financial centers, ATMs, telephone banking, mobile banking, and online banking.
Fulton Financial Declares Quarterly Common and Preferred Dividends
Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on October 15, 2026, to shareholders of record as of October 1, 2026. The Board also 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, 2026, to shareholders of record as of September 30, 2026, for the period from and including July 15, 2026, to but excluding October 15, 2026. Fulton is a more than $34 billion Lancaster, Pennsylvania-based financial holding company with more than 3,400 employees, operating more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.
FULT · Capital · Positive Fulton Financial's board declared a quarterly common dividend of $0.19/share and a preferred dividend, a shareholder-return event.
Fulton Financial beat Wall Street's revenue expectations in the second quarter of CY2026, reporting sales of $367.9 million, up 12% year on year and 2.4% above analyst estimates. Its non-GAAP profit of $0.60 per share was 12.6% above consensus, while net interest income of $284.3 million grew 11.5% year on year and was in line with expectations. The net interest margin came in at 3.6%, matching estimates, and the efficiency ratio improved to 57.3%, beating the 58.9% forecast. Tangible book value per share rose 13.3% year on year to $15.61, slightly ahead of the $15.42 estimate. The stock remained flat at $24.45 following the results.
Fulton Financial Reports Record Second Quarter 2026 Results, Completes Blue Foundry Acquisition
Fulton Financial Corporation reported second quarter 2026 net income available to common shareholders of $99.9 million, or $0.52 per diluted share, up $7.7 million from the prior quarter. Operating net income available to common shareholders reached $115.9 million, or $0.60 per diluted share, an increase of $16.2 million sequentially. The results were driven by the April 1, 2026 acquisition of Blue Foundry Bancorp, which added approximately $2.1 billion in total assets and $1.5 billion in deposits, and by a $22.2 million increase in net interest income to $284.3 million. Net interest margin improved two basis points to 3.60%, while non-interest income rose $9.5 million to $79.3 million, partly due to a $6.9 million gain from an equity method investment sale. The provision for credit losses was $4.9 million, and the common equity tier 1 capital ratio increased to approximately 12.1%.
Fulton Financial appoints David S. Schulz to board of directors
Fulton Financial Corporation has appointed David S. Schulz to its board of directors, effective September 14, 2026, with his term expiring at the 2027 annual meeting of shareholders. Schulz brings extensive financial leadership experience from roles including Executive Vice President and Chief Financial Officer of Wesco International, and he will serve on Fulton's Audit and Risk committees as well as the board of its banking subsidiary, Fulton Bank, N.A. With this addition, Fulton's board expands to 11 members. Schulz also currently serves on the board of Sterling Infrastructure, Inc., where he chairs the audit committee.
Regional bank stocks surge on cooling inflation and strong earnings
Shares of several regional banks jumped in afternoon trading after softer-than-expected inflation data cooled expectations for further Federal Reserve interest rate hikes. United Bankshares rose 2.8%, Fulton Financial gained 2.6%, Home Bancshares climbed 4.8%, First Busey advanced 3.4%, and Enterprise Financial Services added 3.2%. The moves followed a June CPI reading of 3.5% and lower-than-expected producer prices, which bolstered investor confidence that inflationary pressures may be easing. Strong second-quarter earnings from major financial institutions also offered a bullish read-through for smaller lenders by showing stabilized net interest income and contained credit-loss provisions. The State Street S&P Regional Banking ETF has been trading near its 2026 highs as the sector navigates a busy earnings season.
StockStory flags Renasant, Fulton Financial, and BOK Financial as bank stocks to avoid
StockStory identifies three bank stocks that raise concerns despite the banking industry's 8.6% gain over the past six months. Renasant, with a market cap of $3.93 billion, posted 9.4% annual revenue growth over five years but saw earnings per share grow only 5% annually, and its tangible book value per share rose just 3.5% annually over two years. Fulton Financial, valued at $4.63 billion, recorded 8.9% annual revenue growth and 6.6% annual earnings per share growth over five years, with Wall Street estimates implying tepid tangible book value per share growth of 9.2% over the next 12 months. BOK Financial, at an $8.41 billion market cap, delivered just 2.5% annual revenue growth and 3.7% annual net interest income growth over five years, alongside a net interest margin of 2.8%.
Wall Street Sees Opportunity in Western Digital, Warns on Beyond Meat and Fulton Financial
Wall Street analysts have set bearish price targets on Beyond Meat and Fulton Financial, while Western Digital emerges as a stock worth a second look. Beyond Meat carries a consensus target of $0.70, implying a 1.7% decline from its current $0.71, amid declining unit sales and a 17-percentage-point drop in free cash flow margin. Fulton Financial’s target of $23.43 suggests a 3.3% downside from $24.23, with muted 8.9% annual revenue growth over five years and modest profitability expectations. In contrast, Western Digital’s consensus target of $547.09 offers a 4% implied return from $526.05, supported by an estimated 42.6% revenue growth, a 17.3-percentage-point operating margin improvement, and a 17.1-percentage-point free cash flow margin expansion over five years.
Piper Sandler Initiates Fulton Financial With Neutral Rating
Piper Sandler initiated coverage of Fulton Financial with a Neutral rating and a $23 price target on June 12. The firm expects Fulton Financial to maintain a return on assets above 1.20%, up from last year, driven by higher net interest margins and two acquisitions in Philadelphia and Northern New Jersey. Piper Sandler forecasts earnings per share growth of 5% in 2026 and 9% in 2027, following a 19% increase in 2025, but sees few near-term catalysts due to moderate loan growth and limited net interest margin expansion. Fulton Financial recently reported operational net income of $99.7 million, or $0.55 per diluted share, with GAAP earnings per share of $0.51 after acquisition-related adjustments.
BankUnited reported first-quarter revenues of $273.8 million, up 6.1% year on year but falling 5.1% short of analyst expectations, making it the weakest performer among the 91 regional banks tracked. The company also missed net interest income and EPS estimates. In contrast, UMB Financial posted revenues of $744.8 million, a 29.3% increase that beat estimates by 5.4%, the largest beat in the group, alongside EPS and net interest income beats. Eastern Bank, Hope Bancorp, and Fulton Financial also reported results, with Eastern Bank and Hope Bancorp missing revenue and net interest income estimates, while Fulton Financial's revenue was in line with expectations. Despite the mixed results, regional bank stocks have risen 7.8% on average since their earnings reports.
United States