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Mar 31, 2023
Fulton Financial Q1 2023 Earnings Report
Reported a decrease in net income compared to the previous quarter, while taking actions to strengthen the balance sheet and liquidity.
Key Takeaways
Fulton Financial Corporation reported a net income available to common shareholders of $65.8 million, or $0.39 per diluted share, for the first quarter of 2023. The company focused on fortifying its balance sheet, increasing liquidity, diversifying funding, and enhancing reserves during the quarter.
Net income available to common shareholders was $65.8 million, or $0.39 per diluted share.
Net interest income was $215.6 million.
Provision for credit losses was $24.5 million.
Non-interest income before investment securities gains was $51.7 million.
Fulton Financial
Fulton Financial
Forward Guidance
This press release contains forward-looking statements with respect to the Corporation’s financial condition, results of operations and business.