Fulton Financial Q4 net income $61.7M ($0.37 EPS); operating EPS $0.42; FDIC special charge $6.5M

FULTON FINANCIAL CORP

2023-FY EPS reported $1.64 revenue$228,411,000

Net income available to common $61.7M, down 11.3% QoQ; diluted EPS $0.37; operating EPS $0.42.
Net interest margin 3.36%, down 4 bps QoQ; net interest income $212.0M, down $13.9M YoY.
Provision for credit losses $9.8M; net charge-offs 0.15% of avg loans; NPA ratio 0.56%.
Recorded $3.2M FultonFirst initiative expense and $6.5M FDIC special assessment in Q4.
Full-year 2023 net income $274.0M ($1.64 EPS), down 1% YoY; operating EPS $1.71.

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 0.95

FULTON FINANCIAL CORP reported the fourth quarter and year ended December 31, 2023 results: net income net income available to common shareholders of $61.7 million, or $0.37 per diluted share, for the fourth quarter of 2023.

Period: the fourth quarter and year ended December 31, 2023
Net income: net income available to common shareholders of $61.7 million, or $0.37 per diluted share, for the fourth quarter of 2023
Result: reported results

Exact text from the filing

Fulton Financial Corporation Announces Fourth Quarter and Full-Year 2023 Results (January 16, 2024) – Lancaster, PA – Fulton Financial Corporation (NASDAQ: FULT) (“Fulton” or the “Corporation”) reported net income available to common shareholders of $61.7 million, or $0.37 per diluted share, for the fourth quarter of 2023, a decrease of $7.8 million, or 11.3%, in comparison to the third quarter of 2023.

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Source: SEC EDGAR

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