Fulton Financial Corp (NAS:FULTP.PFD)

Q1 2026 Fulton Financial Corp Earnings Call Transcript

Apr 23, 2026 / 02:00 PM GMT

Release Date Price: $18.99 (+0.05%)

Transcript 8-K

Key Points

Positve

Fulton Financial Corp (FULT) reported strong first-quarter operating earnings of $0.55 per diluted share, reflecting solid execution across the business.
The company achieved a significant improvement in its efficiency ratio to 56.7%, driven by strong revenue generation and prudent expense management.
Loan activity was robust, particularly in commercial mortgages, with origination activity running above prior year levels.
Deposit trends were positive, with strong engagement across customer segments and effective sales execution.
The acquisition of Blue Foundry Bancorp is expected to be immediately earnings and tangible book accretive, enhancing FULT's strategic position.

Negative

Net interest income declined by approximately $4 million due to lower loan and security yields.
The net interest margin decreased slightly to 3.58%, reflecting ongoing asset yield pressure.
Non-interest income remained flat, with modest declines in commercial and consumer banking fees due to seasonality.
The company faces competitive pressures in the permanent market, impacting loan growth dynamics.
There is a potential risk of runoff during the transition phase of the Blue Foundry Bancorp acquisition, although no specific runoff is planned.

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

FULT.OQ - Fulton Financial Corp
Q1 2026 Fulton Financial Corp Earnings Call
Apr 23, 2026 / 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 First Quarter 2026 Results Conference Call. At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising that 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 first speaker today, Pat Lafferty, Investor Relations Officer. Please go ahead.

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