secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0000700564-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000005/0000700564-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000005/fult-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000700564-24-000005

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