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Mar 31, 2025
Fulton Financial Q1 2025 Earnings Report
Fulton Financial reported solid first quarter results with a rise in operating earnings and deposit growth despite slight revenue and loan declines.
Key Takeaways
Fulton Financial delivered a strong Q1 2025, posting higher net and operating income, stable margins, and notable efficiency improvements. However, loan balances saw a modest decline and interest income dipped slightly.
Operating EPS rose to $0.52 from $0.48 in Q4 2024.
Net income reached $90.4 million, up $24.4 million from the prior quarter.
Deposits increased by $199.5 million, mainly from growth in savings deposits.
Non-interest expense declined $27.2 million due to reduced implementation and acquisition costs.
Forward Guidance
Fulton expects continued focus on operating efficiency and deposit growth while navigating macroeconomic uncertainties.
Positive Outlook
- Operating earnings momentum continues into 2025
- Strong capital ratios with CET1 at 11.0%
- Customer deposits up despite decline in brokered deposits
- Improved efficiency ratio to 56.7%
- Lower non-performing assets compared to prior quarter
Challenges Ahead
- Slight decline in net interest income
- Loan balances down $182 million due to commercial payoffs
- Non-interest income impacted by lower mortgage and card fees
- Interest income on loans and assets decreased
- Continued pressure on short-term rates affecting margins
Historical Earnings Impact
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Avg. Return Before/After Earnings
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