Fulton Financial Corporation operates as a financial holding company, delivering a comprehensive array of banking solutions to both individual consumers and commercial enterprises. Its extensive deposit product line includes various checking and savings accounts, certificates of deposit, and individual retirement accounts. On the lending side, the company furnishes consumers with secured loans such as home equity lines and loans, vehicle financing, personal lines of credit, and checking account overdraft protection. Additionally, it provides construction and large-scale residential mortgage loans. For commercial clients, Fulton offers diverse lending options, encompassing commercial real estate, commercial and industrial (C&I) financing, construction loans, and equipment lease financing. Beyond core banking, the corporation supplies letters of credit, advanced cash management services, and a full spectrum of wealth management offerings. These wealth services cover investment management, trust administration, brokerage, insurance, and investment advisory. Furthermore, Fulton Financial holds passive investments and trust preferred securities, and it markets a range of life insurance products. Access to these products and services is available through its traditional branch network, automated teller machines (ATMs), and modern digital platforms including telephone, mobile, and online banking. Established in 1882 and headquartered in Lancaster, Pennsylvania, Fulton Financial Corporation maintains branches across Pennsylvania, Maryland, Delaware, New Jersey, and Virginia.
Fulton Financial Corporation Announces Second Quarter 2026 Results
Fulton Financial reported Q2 2026 net income of $99.9 million, or $0.52 per diluted share, up from the prior quarter. Operating net income increased to $115.9 million, or $0.60 per diluted share, driven by a solid net interest margin of 3.60% and growth in non-interest income.
The company successfully completed the integration of the Blue Foundry Bancorp acquisition, adding approximately $2.1 billion in assets, $1.6 billion in loans, and $1.5 billion in deposits to the balance sheet. Total assets increased to $34.6 billion, and the Common Equity Tier 1 capital ratio improved to 12.1%.
Credit quality remained stable with a provision for credit losses of $4.9 million and non-performing assets at 0.54% of total assets. The company repurchased 525,000 shares during the quarter at an average cost of $21.19 per share.