earnings
confidence high
sentiment positive
materiality 0.70
Fulton Financial Q3 2024 operating EPS record $0.50; GAAP EPS $0.33
FULTON FINANCIAL CORP
2024-Q3 EPS reported
$1.21
revenue$230,089,000
- Record operating EPS $0.50; GAAP EPS $0.33 (down $0.19 QoQ) on acquisition costs of $14.2M.
- Net interest income $258.0M (+$16.3M QoQ); net interest margin 3.49% (+6 bps).
- Customer deposits (ex brokered) up $745M; total deposits $26.2B (+$592.5M QoQ).
- Provision for credit losses $11.9M (down from $32.1M QoQ); NPA ratio 0.64% vs 0.55%.
- Tangible book value per share $13.02 (+4.7% QoQ); CET1 ratio 10.5% (up from 10.3%).