Fulton Financial Q4 EPS $0.47, up 16% QoQ; full-year record net income $276.7M

FULTON FINANCIAL CORP

2022-FY EPS reported $1.67 revenue$227,157,000

Diluted EPS $0.47 (GAAP), $0.48 operating; net income available to common $79.3M, up 16% QoQ.
Net interest income $225.9M, NIM 3.69% (+15bp QoQ); provision for credit losses $14.5M.
Non-performing assets $177.7M (0.66% of assets); net charge-offs $11.7M (0.23%) on commercial office loan.
Non-interest income down 8.3% QoQ; non-interest expense (ex-mrg) up 2.5% QoQ; merger costs $1.9M.
Amendment corrects footnote in 2023 outlook presentation; no change to press release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FULTON FINANCIAL CORP reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 17, 2023, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000700564-23-000006

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