Overview
Fulton Financial Q3 net income rises to $97.9 mln, with EPS at $0.53
Company repurchased 1.65 mln shares for $30.8 mln in Q3
Net interest income increased by $9.3 mln to $264.2 mln in Q3
Outlook
Company did not provide specific guidance for future quarters
Result Drivers
NET INTEREST MARGIN - Solid net interest margin of 3.57% contributed to Q3 results
NON-INTEREST INCOME - Increase in non-interest income driven by wealth management and consumer card income
SHARE REPURCHASE - 1.65 mln shares repurchased at $30.8 mln under 2025 Repurchase Program
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.53 | ||
Q3 Net Income | $97.89 mln | ||
Q3 Net Interest Income | $264.19 mln | ||
Q3 CET1 Capital Ratio | 11.50% | ||
Q3 Credit Loss Provision | $10.24 mln | ||
Q3 Net Interest Margin (%) | 3.57% | ||
Q3 Pretax Profit | $127.78 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Fulton Financial Corp is $21.00, about 16% above its October 20 closing price of $17.65
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPn3GFgBba
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)