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Fulton Financial Corp - FULT STOCK NEWS

Welcome to our dedicated page for Fulton Financial news (Ticker: FULT), a resource for investors and traders seeking the latest updates and insights on Fulton Financial stock.

Fulton Financial Corporation (symbol: FULT) is a substantial regional financial holding company with assets exceeding $17 billion. Headquartered in Lancaster, Pennsylvania, the company operates around 250 offices and ATMs across five states: Pennsylvania, Maryland, Delaware, New Jersey, and Virginia.

Founded in 1882, the flagship bank, Fulton Bank, has a long-standing presence in South Central Pennsylvania, Delaware, and Virginia. Fulton Financial Corporation's business model includes a suite of consumer and commercial banking products such as checking and savings accounts, loan products, and wealth management services. The company's revenue streams include non-interest income from its robust Wealth Management division.

Through its affiliates, Fulton Financial Advisors, N.A. and Fulton Mortgage Company, the corporation provides a broad array of services. Fulton Financial Advisors offers trust, brokerage, and investment management services, while Fulton Mortgage Company specializes in residential mortgage services.

With a community-oriented banking style, Fulton Financial Corporation prides itself on maintaining strong personal relationships and community support. Their customer-centric approach ensures that they can listen to and meet the needs of their clients effectively.

Recent projects and partnerships highlight Fulton Financial Corporation's commitment to growth and innovation, adapting to the ever-evolving financial landscape while maintaining its traditional values.

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Fulton Financial Corporation reported net income of $77.0 million for Q2 2023, a 17.2% increase from Q1 2023. Operating net income was $77.8 million. Net interest income decreased by $2.7 million, primarily due to an increase in the rate on interest-bearing deposits. Interest income increased by $25.1 million, driven by higher loan yields and an increase in average net loans. Non-interest income increased by $8.9 million, mainly from commercial banking income. Non-interest expense increased by $8.4 million. The effective tax rate for Q2 2023 was 16.8%.
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FAQ

What is the current stock price of Fulton Financial (FULT)?

The current stock price of Fulton Financial (FULT) is $21.61 as of November 22, 2024.

What is the market cap of Fulton Financial (FULT)?

The market cap of Fulton Financial (FULT) is approximately 3.9B.

What is the core business of Fulton Financial Corporation?

Fulton Financial Corporation provides a variety of consumer and commercial banking products and services, including checking and savings accounts, loans, and wealth management services.

Where is Fulton Financial Corporation headquartered?

Fulton Financial Corporation is headquartered in Lancaster, Pennsylvania.

How many states does Fulton Financial Corporation operate in?

Fulton Financial Corporation operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia.

What is the flagship bank of Fulton Financial Corporation?

The flagship bank of Fulton Financial Corporation is Fulton Bank, founded in 1882.

What services does Fulton Financial Advisors, N.A. provide?

Fulton Financial Advisors, N.A. provides trust, brokerage, and investment management services.

What type of services does Fulton Mortgage Company offer?

Fulton Mortgage Company specializes in residential mortgage services.

How many offices and ATMs does Fulton Financial Corporation operate?

Fulton Financial Corporation operates approximately 250 offices and ATMs.

What makes Fulton Financial Corporation's banking style unique?

Fulton Financial Corporation's community-oriented banking style focuses on maintaining strong personal relationships and community support.

What is the primary source of non-interest income for Fulton Financial Corporation?

The primary source of non-interest income for Fulton Financial Corporation is its Wealth Management division.

What recent projects or achievements has Fulton Financial Corporation undertaken?

Recent projects include new partnerships and initiatives aimed at innovation and growth, while adhering to their traditional values of community support and customer-centric banking.

Fulton Financial Corp

Nasdaq:FULT

FULT Rankings

FULT Stock Data

3.92B
180.07M
0.99%
76.38%
2.66%
Banks - Regional
National Commercial Banks
Link
United States of America
LANCASTER