secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0000700564-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fulton Financial Q1 GAAP EPS $0.36, operating EPS $0.40; net income $59.4M, down 3.8% QoQ
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000016/0000700564-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000016/fult-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000700564-24-000016

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