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Mar 31
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.
Fulton Financial
Fulton Financial
Fulton Financial Revenue by Geographic Location
Revenue by Geographic Location
U.S. Operations Revenue
CapyFin.com 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