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Jun 30, 2023
Fulton Financial Q2 2023 Earnings Report
Reported an increase in net income and solid loan growth, with stable credit metrics and historically low credit losses.
Key Takeaways
Fulton Financial Corporation reported a net income available to common shareholders of $77.0 million, or $0.46 per diluted share, for the second quarter of 2023, representing a 17.2% increase compared to the first quarter of 2023. The company saw stable credit metrics, historically low credit losses, strong non-interest income, and solid loan growth.
Net income available to common shareholders increased by 17.2% compared to Q1 2023.
Credit metrics remained stable with credit losses returning to historically low levels.
Non-interest income showed strength across various areas of the bank.
Loan growth was solid and aligned with company expectations.
Forward Guidance
This press release contains forward-looking statements with respect to the Corporation’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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