Fulton Financial Corp (NAS:FULTP.PFD)

Q3 2025 Fulton Financial Corp Earnings Call Transcript

Oct 22, 2025 / 02:00 PM GMT

Release Date Price: $19.64 (-1.46%)

Transcript 8-K

Key Points

Positve

Fulton Financial Corp (FULT) reported strong third-quarter operating earnings of $101.3 million or $0.55 per share, demonstrating positive operating leverage and strong profitability.
The company achieved a total revenue increase, driven by growth in both net interest income and fee income, while maintaining strong expense discipline.
Fulton Financial Corp (FULT) repurchased 1.65 million shares during the quarter at an attractive average cost, contributing to an 18% increase in tangible book value per share on an annualized basis.
Deposit growth outpaced loan growth, with a $194 million increase driven by targeted sales campaigns and seasonal net inflows of municipal deposits.
The company saw improvement in credit quality, with reductions in non-performing loans, charge-offs, and classified and criticized loans, while maintaining a stable allowance ratio.

Negative

Loan growth was modest, with a $29 million increase for the quarter, impacted by strategic actions that represented a $600 million headwind to loan balance growth year-to-date.
The company anticipates margin compression in the fourth quarter due to recent rate cuts, which could impact net interest income.
Non-interest-bearing deposit balances trended lower, ending the quarter at 19.5% of total deposits, driven by normal corporate customer activity.
Provision expense for loan losses was slightly higher than the previous quarter, although within guidance expectations.
The company faces potential headwinds from municipal deposit outflows in the fourth quarter, which could impact overall deposit growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FULT.OQ - Fulton Financial Corp
Q3 2025 Fulton Financial Corp Earnings Call
Oct 22, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Fulton Financial 3rd quarter 2025 results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question answer session. To ask the question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Matt Joswack, director of investor relations. Please go ahead.

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