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Sep 30, 2021

Fulton Financial Q3 2021 Earnings Report

Reported strong financial performance with continued record earnings per share.

Key Takeaways

Fulton Financial Corporation reported a net income available to common shareholders of $73 million, or $0.45 per diluted share, for the third quarter of 2021. The company saw loan growth, solid core commercial and consumer businesses, stable asset quality, improving pipelines, strong mortgage banking earnings, and record highs in wealth management income and assets under management and administration.

Net income available to common shareholders was $73 million, or $0.45 per diluted share.

Net interest income increased to $171 million.

Net interest margin increased 9 basis points to 2.82%.

Non-interest income, excluding investment securities gains, increased 21% to $63 million.

Total Revenue
$174M
Previous year: $157M
+11.0%
EPS
$0.45
Previous year: $0.38
+18.4%
Gross Profit
$234M
Previous year: $217M
+7.6%
Cash and Equivalents
$2.47B
Previous year: $1.54B
+60.7%
Total Assets
$26.4B
Previous year: $25.5B
+3.3%

Fulton Financial

Fulton Financial

Forward Guidance

This news release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business.