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Jun 30, 2024
Fulton Financial Q2 2024 Earnings Report
Reported an extraordinary quarter driven by the Republic transaction and solid business trends.
Key Takeaways
Fulton Financial Corporation reported a strong second quarter in 2024, with net income available to common shareholders of $92.4 million, or $0.52 per diluted share. The results were significantly influenced by the acquisition of Republic First Bank, which contributed to increases in net interest income and non-interest income.
Net income available to common shareholders increased to $92.4 million, or $0.52 per diluted share.
Net interest income rose to $241.7 million, with approximately $30.7 million attributed to the Republic acquisition.
Non-interest income before investment securities gains (losses) increased to $113.3 million, including a $47.4 million gain on acquisition (net of tax).
Net loans totaled $24.1 billion, reflecting a $2.7 billion increase primarily due to the Republic acquisition.
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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