Overview

* Fulton Financial ( FULT ) Q3 net income rises to $97.9 mln, with EPS at $0.53

* Company repurchased 1.65 mln shares for $30.8 mln in Q3

* Net interest income increased by $9.3 mln to $264.2 mln in Q3

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* NET INTEREST MARGIN - Solid net interest margin of 3.57% contributed to Q3 results

* NON-INTEREST INCOME - Increase in non-interest income driven by wealth management and consumer card income

* SHARE REPURCHASE - 1.65 mln shares repurchased at $30.8 mln under 2025 Repurchase Program

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.53

Q3 Net $97.89

Income mln

Q3 Net $264.19

Interest mln

Income

Q3 CET1 11.50%

Capital

Ratio

Q3 $10.24

Credit mln

Loss

Provisio

n

Q3 Net 3.57%

Interest

Margin

(%)

Q3 $127.78

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Fulton Financial Corp ( FULT ) is $21.00, about 16% above its October 20 closing price of $17.65

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)