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Mar 31, 2022
Fulton Financial Q1 2022 Earnings Report
Reported an increase in net income compared to the previous quarter and solid loan growth.
Key Takeaways
Fulton Financial Corporation reported net income available to common shareholders of $61.7 million, or $0.38 per diluted share, for the first quarter of 2022, an increase of $2.4 million, or 4.0%, in comparison to the fourth quarter of 2021.
Consumer and commercial businesses had solid loan growth during the quarter despite the volatile rate environment.
Wealth management business saw record income.
Asset quality remained stable.
Operating expenses declined linked quarter.
Fulton Financial
Fulton Financial
Forward Guidance
This news release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business.