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Sep 30, 2024
Fulton Financial Q3 2024 Earnings Report
Reported a decrease in net income but an increase in operating earnings, driven by progress on strategic initiatives.
Key Takeaways
Fulton Financial Corporation reported a net income of $60.6 million, or $0.33 per diluted share, for Q3 2024. Operating net income available to common shareholders was $91.3 million, or $0.50 per diluted share, marking an all-time high for the company. The quarter benefited from a solid net interest margin and an increase in customer deposits, excluding brokered deposits.
Operating earnings per diluted share reached an all-time high of $0.50.
Net interest margin increased by six basis points to 3.49% compared to the prior quarter.
Customer deposits, excluding brokered deposits, increased by $745.0 million from the previous quarter.
Common equity tier 1 capital increased to 10.5%, up from 10.3% in the prior quarter.
Forward Guidance
The earnings report does not contain specific forward guidance. Therefore, I can't provide a summary of it.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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