earnings
confidence high
sentiment positive
materiality 0.75
Fulton Financial reports record operating EPS of $1.85 for 2024; Q4 operating EPS $0.48
FULTON FINANCIAL CORP
2024-FY EPS reported
$1.57
revenue$296,014,000
- Q4 net income available to common $66.1M ($0.36 diluted); operating net income $88.9M ($0.48 diluted).
- Full-year 2024 operating net income $328.1M ($1.85 diluted), up 8% YoY from $1.71.
- Net interest margin 3.41%; cost of funds down 14 bps QoQ; avg noninterest-bearing deposits up $62M.
- Loans $24.0B (-$131M QoQ); deposits $26.1B (-$23M); provision $16.7M; NPAs 0.69% of assets.
- Acquisition-related costs $9.6M; FultonFirst consolidation costs $10.0M; operating expenses fell $5.5M QoQ.