Fulton Financial Corporation (FULT), NASDAQ Second Quarter 2025 Results

# Fulton Financial Corporation (FULT), NASDAQ: Second Quarter 2025 Results

**Release Date:** July 15, 2025

Fulton Financial Corporation (NASDAQ: FULT) has announced its financial results for the second quarter of 2025, revealing significant growth across numerous key metrics. The company’s net income available to common shareholders rose to **$96.6 million**, or **$0.53 per diluted share**, marking an increase compared to the prior quarter.

## Financial Summary:

– **Net Income:**
– **Q2 2025**: $96.6 million ($0.53/diluted share).
– **Increase vs. Q1 2025**: $6.2 million ($0.04/diluted share).
– **Six months ended June 30, 2025**: $187.1 million ($1.02/diluted share), an increase of **$35.3 million** (or **0.13/share**) compared to the same period in 2024.

– **Operating Net Income:**
– **Q2 2025**: $100.6 million ($0.55/diluted share), up by **$5.2 million** (or **$0.03/share**) over Q1 2025.
– **Six months ended June 30, 2025**: $196.1 million ($1.07/diluted share), up by **$48.2 million** (or **$0.20/share**) compared to the first half of 2024.

### Key Financial Highlights:

– **Net Interest Income**:
– Totaled **$254.9 million**, an increase of **$3.7 million** from Q1 2025.
– Experienced a marginal decrease in interest rates on loans.

– **Net Interest Margin**:
– Recorded at **3.47%**, a drop of **2 basis points** from the previous quarter.

– **Non-Interest Income**:
– Rose by **$1.9 million** to **$69.1 million** in Q2 2025.

– **Non-Interest Expense**:
– Increased by **$3.4 million** to **$192.8 million** compared to the last quarter.
– Operating non-interest expense was **$187.6 million**, reflecting an increase of **$4.8 million** from Q1 2025.

– **Credit Quality**:
– Provision for credit losses stood at **$8.6 million** with an allowance of **$377.3 million**, equating to **1.57%** of total net loans.
– Net loans increased by **$150 million** (or **2.5% annualized**) from the prior quarter.

– **Capital Ratios**:
– Common equity Tier 1 capital ratio improved to **11.3%**, up from **11.1%** in Q1 2025.

### Balance Sheet Summary:

– **Total Assets**: **$32.04 billion**, down from **$32.13 billion** in the previous quarter.
– **Total Deposits**: Decreased to **$26.13 billion**, down **$190.9 million** compared to Q1 2025.
– **Deposits Composition**:
– Decrease in interest-bearing demand deposits by **$211.3 million**.
– Increase in brokered deposits grew by **$78.9 million**.

### Asset Quality Metrics:

– Non-performing assets increased to **$215.6 million**, equating to **0.67%** of total assets, compared to **0.62%** in the previous quarter.
– The annualized net charge-offs for Q2 were a modest **0.20%** of total average loans, down slightly from **0.21%** in the last quarter.

## Share Repurchase and Dividends:

Fulton Financial Corporation declared a cash dividend of **$0.18 per share** in the second quarter of 2025, identical to the previous quarter’s dividend.

## Conclusion

The financial results for the second quarter of 2025 indicate robust performance for Fulton Financial Corporation, with notable increases in net income and operating efficiencies, despite experiencing slight decreases in total assets and deposits.

Here are the extracted tables from the press release:

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