secwatch.observer — SEC 8-K summary
======================================

Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0000700564-23-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056423000045/0000700564-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056423000045/fult-20231017.htm
  HTML page:      https://secwatch.observer/filing/0000700564-23-000045

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