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Jun 30, 2020

Fulton Financial Q2 2020 Earnings Report

Reported strong earnings, with lower credit losses and relatively stable fee income and expenses.

Key Takeaways

Fulton Financial Corporation reported net income of $40 million, or $0.24 per diluted share, for the second quarter of 2020. The company's earnings were strong, with lower credit losses and relatively stable fee income and expenses.

Net income for the second quarter of 2020 was $40 million, or $0.24 per diluted share.

Net interest income for the second quarter of 2020 was $153 million.

Non-interest income in the second quarter of 2020, excluding investment securities gains, was $53 million.

Non-interest expense was $143 million in the second quarter of 2020.

Total Revenue
$156M
Previous year: $168M
-7.1%
EPS
$0.24
Previous year: $0.35
-31.4%
Gross Profit
$209M
Previous year: $219M
-4.7%
Cash and Equivalents
$1.06B
Previous year: $499M
+112.2%
Total Assets
$24.6B
Previous year: $21.3B
+15.5%

Fulton Financial

Fulton Financial

Fulton Financial Revenue by Segment

Forward Guidance

This news release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements.

Revenue & Expenses

Visualization of income flow from segment revenue to net income