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Mar 31, 2020
Fulton Financial Q1 2020 Earnings Report
Reported net income due to the COVID-19 pandemic and unprecedented public health response.
Key Takeaways
Fulton Financial Corporation reported a net income of $26 million, or $0.16 per diluted share, for the first quarter of 2020, influenced by the COVID-19 pandemic.
Fulton Financial experienced the effects of COVID-19 challenges midway through the first quarter.
The company undertook measures to help employees and their families during the difficult time.
Fulton Bank approved $1.7 billion in forgiveable loans under the SBA's Paycheck Protection Program.
The bank is well-capitalized and ready to support customers and communities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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