earnings
confidence high
sentiment neutral
materiality 0.70
Fulton Financial Q1 GAAP EPS $0.36, operating EPS $0.40; net income $59.4M, down 3.8% QoQ
FULTON FINANCIAL CORP
2024-Q1 EPS reported
$0.36
revenue$57,140,000
- GAAP diluted EPS $0.36; operating diluted EPS $0.40; net income available to common $59.4M.
- Net interest income $206.9M, down $5.1M QoQ; net interest margin 3.32% (down 4 bps).
- Provision for credit losses $10.9M; net charge-offs 0.16% of avg loans; NPA ratio 0.57%.
- Non-interest income before securities gains $57.1M (down 5% QoQ); non-interest expense $177.6M (down 1.6% QoQ).
- CEO cites 'solid' earnings, deposit growth outpacing loan growth, stable asset quality.