Fulton Financial Corporation (FULT)

In October 2025, Fulton Financial reported increased third-quarter results with net income available to common shareholders of $97.9 million, or $0.53 per diluted share, and an increase in interest-bearing demand deposits. In November 2025, Fulton Financial announced a merger agreement to acquire Blue Foundry Bancorp in an all-stock transaction valued at approximately $243 million. In December 2025, the Board approved an increased common stock dividend and a new $150 million share repurchase program for 2026, and a significant increase in short interest was observed. In January 2026, Fulton Financial reported fourth-quarter and full-year 2025 results, with full-year net income of $381.4 million, or $2.08 per diluted share, and completed a multi-year share repurchase program. In July 2025, concerns were raised about disappointing deposit growth despite beating Q2 EPS and revenue expectations.

Fulton Financial Corp. experiences demand seasonality, particularly in its deposit portfolios, with the third quarter of 2025 seeing an increase in interest-bearing demand deposits due to seasonal trends within the municipal deposit portfolio. Loan demand tends to be lowest in late January and February, increases in March, and often peaks in August or September, influenced by changes in interest rates.

Fulton Financial Corp. is a U.S.-based financial services holding company operating through Fulton Bank, N.A., offering consumer and commercial banking products, and wealth management solutions. Consumer banking includes deposit products, CDs, IRAs, and loans. Commercial services cover real estate loans, C&I loans, lines of credit, equipment financing, and cash management. Wealth management provides investment management, trust, brokerage, insurance, and advisory services. A significant portion of revenue comes from non-interest income, driven by Wealth Management.

Fulton Financial Corp. has a regional presence across the Mid-Atlantic United States, operating in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. As of November 2025, Fulton Bank served customers through 212 financial centers and ATMs.

Fulton Financial Corp. emphasizes a community-oriented approach to banking, focusing on relationship banking and community development initiatives through its "Fulton Forward" program. The company has received recognition as an inclusive employer and active community supporter, awarding scholarships to students pursuing STEM fields. The acquisition of Republic First Bank and subsequent layoffs could have impacted public perception.

Fulton Financial Corp. has a significant institutional ownership base, including BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, iShares Core S&P Small-Cap ETF (IJR), State Street Corp, and Vanguard Total Stock Market Index Fund Investor Shares (VTSMX). Institutional index funds and active managers collectively hold a majority of the company's ownership, while individual investors retain low-single-digit stakes.