Fulton Q2 net income $92.4M ($0.52 EPS); Republic Bank acquisition adds $30.7M NII

FULTON FINANCIAL CORP

2024-Q2 EPS reported $0.89 revenue$170,415,000

Net income $92.4M ($0.52 diluted EPS) vs Q1 $59.4M ($0.36); operating EPS $0.47.
Acquired Republic First Bank from FDIC Apr 26: $4.8B assets, $2.5B loans, $4.1B deposits; net cash from FDIC $809.9M.
Preliminary after-tax gain on acquisition $47.4M; core deposit intangible $92.6M with $4.1M amortization.
Sale-leaseback of 40 branches generated $20.3M pre-tax gain; sold $356.4M AFS securities at $20.3M loss, reinvested in higher-yielding.
Net loans $24.1B (+$2.7B), deposits $25.6B (+$3.8B); NIM 3.43% (+11bps); provision $32.1M vs $10.9M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.