secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K/A
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0000700564-25-000013
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Fulton Financial completes Republic First Bank acquisition; after-tax gain on acquisition $37M
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- Acquired assets at fair value $4.8B including $2.5B loans and $1.9B securities; assumed $5.6B liabilities including $4.1B deposits.
- Received $0.8B cash from FDIC; preliminary after-tax gain on acquisition $37.0M ($47.8M pre-tax).
- Investment securities ($1.9B) sold shortly after acquisition; borrowings ($1.4B) repaid.
- Core deposit intangible of $92.6M recorded; no loss-sharing arrangement with FDIC.
- In Q4 2024, assumed 14 leases and purchased 15 premises; reduced gain on acquisition by $2.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056425000013/0000700564-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056425000013/fult-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000700564-25-000013

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