---
schema_version: "secwatch.filing_event.v1"
accession: "0000700564-23-000018"
form_type: "8-K"
ticker: "FULT"
cik: "0000700564"
company_name: "FULTON FINANCIAL CORP"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:59:18.690461+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fulton Financial Q1 net income falls 17% to $65.8M; provision jumps to $24.5M

## Summary
- Diluted EPS $0.39, down from $0.47 in Q4 2022 and $0.39 in Q1 2022.
- Net interest income $215.6M (-4.6% linked quarter); net interest margin 3.53% (-16 bps).
- Provision for credit losses $24.5M vs $14.5M in Q4; net charge-offs 0.27% of avg loans.
- Non-performing assets $167.9M (0.62% of assets); $13.3M charge-off on a commercial office loan.
- Average loan growth of $458.6M QoQ; funding mix shifted to higher-cost deposits and borrowings.

## SEC filing metadata
- accession: 0000700564-23-000018
- form_type: 8-K
- ticker: FULT
- cik: 0000700564
- company_name: FULTON FINANCIAL CORP
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700564/000070056423000018/0000700564-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700564/000070056423000018/fult-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700564-23-000018
- JSON: https://secwatch.observer/filing/0000700564-23-000018.json
- Plain text: https://secwatch.observer/filing/0000700564-23-000018.txt

## Key facts
- Earnings Releases
  FULTON FINANCIAL CORP reported the first quarter ended March 31, 2023 results: net income $65.8 million, EPS $0.39 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Net income: $65.8 million
  - EPS: $0.39 per diluted share
  - Result: reported results
  source text: Fulton Financial Corporation (NASDAQ:FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $65.8 million, or $0.39 per diluted share, for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/700564/000070056423000018/0000700564-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.