Fulton Financial Corp - FULT STOCK NEWS

Fulton Financial Corporation (NASDAQ:FULT) reported a net income of $59.3 million for Q4 2021, translating to $0.37 per diluted share, and $265.2 million for the full year, or $1.62 per diluted share. Despite a challenging environment, the company achieved record earnings, primarily driven by a successful relationship banking strategy and lower credit costs. Net interest income decreased to $165.6 million for Q4, influenced by reduced Paycheck Protection Program loan fees. Non-interest income rose by 2.1% to $63.9 million, while non-interest expenses increased by 6.5% to $154.0 million in Q4.

Fulton Financial Corporation (NASDAQ: FULT) will release its fourth quarter 2021 earnings on January 18 at 4:30 p.m. ET. A conference call for analysts is scheduled for January 19 at 10:00 a.m. ET, hosted by CEO E. Philip Wenger and other executives. The call can be accessed via webcast at investor.fultonbank.com or by dial-in at (844) 264-2102 (Conference ID: 1478105). Fulton Financial, based in Lancaster, PA, has around $26 billion in assets and over 200 branches across the mid-Atlantic region.

The Board of Directors of Fulton Financial Corporation (NASDAQ: FULT) has declared a quarterly cash dividend of 14 cents per share on common stock, payable on January 14, 2022, to shareholders of record as of December 31, 2021.

Additionally, a quarterly dividend of $12.81 per share on Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid on January 18, 2022, to holders of record as of December 31, 2021. Fulton Financial, with assets of $26 billion, operates over 200 branches across several states.

Fulton Financial Corporation (FULT) has declared a special cash dividend of eight cents per share, payable on December 15, 2021, to shareholders of record as of December 1, 2021. The company maintained quarterly dividends of fourteen cents per share throughout 2021, reporting record earnings per share in the first and third quarters. Furthermore, Fulton extended its stock repurchase program from December 31, 2021, to March 31, 2022, with $75 million authorized for repurchase, of which $29.2 million has been utilized.

Fulton Financial Corporation (NASDAQ: FULT) announced the retirement of Daniel R. Stolzer, chief legal officer, effective January 7, 2022. Stolzer had over eight years of service and contributed to significant initiatives, including the consolidation of subsidiary banks and the establishment of the Fulton Forward initiative. In his place, Natasha R. Luddington joins as senior executive vice president and will take over as chief legal officer. Luddington brings extensive legal experience from Pacific Western Bank, strengthening Fulton’s management team.

Fulton Financial Corporation (NASDAQ:FULT) reported a net income of $73 million or $0.45 per diluted share for Q3 2021, showcasing record earnings per share. Loan growth improved in various sectors, with net interest income surging to $171 million, a $9 million increase from Q2 2021. Additionally, mortgage banking income and wealth management achieved record highs. Non-interest income rose by 21% to $63 million, while total average deposits grew to $22.1 billion. However, average loans decreased 2.6% to $18.4 billion.

Fulton Financial Corporation (NASDAQ: FULT) announced the release of its third quarter 2021 earnings report on October 19 at 4:30 p.m. ET. A conference call for analysts will take place on October 20 at 10:00 a.m. ET, hosted by CEO E. Philip Wenger, with CFO Mark R. McCollom and COO Curtis J. Myers. The event will be accessible via webcast at investor.fultonbank.com and can also be joined by phone at (844) 264-2102, Conference ID: 4969541.

Fulton Financial Corporation (NASDAQ: FULT) has appointed Anthony L. Cossetti as Executive Vice President, Chief Accounting Officer, and Controller. With over 27 years of experience, including 18 years in banking, Cossetti will oversee SEC reporting and operational accounting functions. He joins from Title Alliance Ltd. and has held significant roles at other financial institutions. Cossetti succeeds Mark R. McCollom, who served in an interim capacity. Fulton Financial is a $26 billion financial holding company based in Lancaster, PA, with over 3,300 employees across multiple states.

The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT) has declared a quarterly cash dividend of 14 cents per share on its common stock, payable on October 15, 2021, to shareholders of record as of October 1, 2021. Additionally, a dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, will be paid to holders on the same date for holders of record as of September 30, 2021. Fulton Financial operates over 200 branches across multiple states and has approximately 3,300 employees.