secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0000700564-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fulton Financial Q4 net income $79.3M ($0.47 EPS); full year record $276.7M
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- Q4 net income available to common $79.3M ($0.47 diluted GAAP EPS); operating EPS $0.48. Full year $276.7M ($1.67), up 4.3% YoY.
- Net interest income $225.9M, NIM 3.69%, up 15 bps QoQ on higher rates and loan growth.
- Provision for credit losses $14.5M; net charge-offs $11.7M (0.23% of avg loans) led by commercial office loan charge-off.
- Non-performing assets $177.7M (0.66% of total assets), down from $198.6M in Q3.
- Prudential Bancorp acquisition closed July 1, 2022 contributed to record results; no specific 2023 guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056423000004/0000700564-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056423000004/fult-20230117.htm
  HTML page:      https://secwatch.observer/filing/0000700564-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer