Fulton Financial Q3 net income $69.5M ($0.42 EPS); net interest margin stable at 3.40%

FULTON FINANCIAL CORP

2023-Q2 EPS reported $1.27 revenue$168,281,000

Net income available to common shareholders of $69.5M, down 9.7% from Q2 2023; operating EPS of $0.43.
Net interest income of $213.8M, up $1.0M linked quarter; net interest margin held at 3.40%.
Average net loans increased $255M linked quarter and $1.6B YoY; deposit and loan growth continued.
Provision for credit losses of $9.9M vs. $9.7M in Q2 2023; non-performing assets fell to 0.52% of assets.
Non-interest income down 7.6% linked quarter due to $3.0M swap valuation hit from LIBOR-to-SOFR transition.

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 nine months ended September 30, 2023.

Period: the nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On October 17, 2023, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the third quarter ended September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FULTON FINANCIAL CORP reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 17, 2023, Fulton Financial Corporation (the "Corporation") issued a press release (the "Press Release") announcing its results of operations for the third quarter ended September 30, 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0000700564-23-000045

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