FULT

Fulton Financial Corporation recently reported its second-quarter and first-half 2026 results, showing higher net interest income and net income year on year, while earnings per share were essentially flat, and it also completed a US$35.61 million share repurchase of 1,737,650 shares under its December 2025 buyback program. Alongside record operating earnings and the completed Blue Foundry Bank acquisition that expanded its Northern New Jersey presence, Fulton added experienced financial executive David S. Schulz to its board and key committees, signaling a continued emphasis on balance sheet discipline and risk oversight. Next, we’ll examine how these record operating earnings and successful Blue Foundry integration affect Fulton Financial’s existing investment narrative and assumptions. Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. To own Fulton Financial, you need to be comfortable with a community bank focused on disciplined balance sheet management and measured growth through initiatives like Fulton First and targeted M&A. The latest quarter’s record operating earnings and Blue Foundry integration support that story, but flat EPS and a still-cautious credit outlook mean the near term remains more about defending net interest income than unlocking a new catalyst, while credit quality in a volatile backdrop remains the key risk. Among the recent updates, the completion of the US$35.61 million buyback, retiring 1,737,650 shares, stands out alongside Q2 results. For investors watching short term catalysts, the combination of higher net interest income and a smaller share count can sharpen the focus on how effectively Fulton converts its expanded New Jersey footprint and Fulton First initiatives into sustained earnings power, without losing sight of the risk that slower loan and deposit growth could pressure revenue. Yet while Fulton’s recent results look solid, investors should still be aware that a volatile credit backdrop could quickly change the picture... Read the full narrative on Fulton Financial (it's free!) Fulton Financial's narrative projects $1.7 billion revenue and $455.4 million earnings by 2029. This requires 10.3% yearly revenue growth and a roughly $72 million earnings increase from $383.1 million today. Uncover how Fulton Financial's forecasts yield a $24.71 fair value, in line with its current price. Two Simply Wall St Community fair value estimates span from US$24.71 to US$45.67, showing just how far apart individual views on Fulton’s worth can be. Against that backdrop, the recent lift in net interest income alongside cautious credit quality remains central to how you might weigh the bank’s ability to support earnings if loan and deposit growth stay challenged. Explore 2 other fair value estimates on Fulton Financial - why the stock might be worth just $24.71! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Fulton Financial research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free Fulton Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Fulton Financial's overall financial health at a glance. Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters: Capitalize on the AI infrastructure supercycle with our selection of the 55 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. Find 49 companies with promising cash flow potential yet trading below their fair value. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FULT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Operating Net Income: $115.9 million or $0.60 per diluted share. Net Income Available to Common Shareholders: $99.9 million or $0.52 per diluted share. Net Interest Income: Increased by $22.2 million to $284.3 million. Net Interest Margin: Expanded to 3.6%. Loan Growth: Total loans increased by $1.7 billion to $25.9 billion. Deposit Balances: Increased by $1.5 billion to $28.3 billion. Noninterest Income: Increased to $79.3 million, up $9.5 million from the previous quarter. Noninterest Expense: Totaled $231 million; operating noninterest expense was $210.6 million. Provision for Credit Losses: $4.9 million. Allowance for Credit Losses on Loans: $382.6 million, representing 1.48% of total loans. Common Equity Tier 1 Ratio: Approximately 12.1%. Tangible Common Equity: Improved to 8.8%. Share Repurchases: 525,000 shares repurchased, totaling approximately $11.1 million. Wealth Management Assets: Reached a record $18.4 billion. Warning! GuruFocus has detected 8 Warning Signs with FULT. Is FULT fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fulton Financial Corp (NASDAQ:FULT) delivered record operating earnings for the second quarter, with net income available to common shareholders reaching $115.9 million or $0.60 per diluted share. The successful acquisition and integration of Blue Foundry Bank expanded FULT's presence in Northern New Jersey, enhancing its community banking model and creating opportunities for growth. Loan growth was solid, driven by both the Blue Foundry acquisition and organic growth, particularly in the consumer business. Deposit balances increased, benefiting from the Blue Foundry transaction and strong customer relationships across consumer, wealth management, and commercial businesses. FULT's capital position strengthened, with a common equity Tier 1 ratio of approximately 12.1%, providing flexibility to support growth and strategic initiatives. FULT adjusted its full-year loan growth guidance to low single digits, reflecting more modest growth in the first half of the year. Deposit costs increased modestly, and the competitive market environment may continue to pressure funding costs. Noninterest expenses rose to $231 million, with significant acquisition-related expenses and other nonrecurring costs impacting the quarter. Net charge-offs increased to 0.34% of average loans, up from 0.25% in the previous quarter, although this was attributed to timing on resolutions. The allowance for credit losses on loans decreased slightly, but remains a significant consideration given the economic environment and potential future credit risks. Q: What is the reason for reducing the loan growth guidance to low single digits for the second half of 2026? A: Curtis Myers, Chairman, CEO, and President, explained that the adjustment reflects the modest growth experienced in the first six months. The expectation is for growth to return to previous levels in the second half, with the annual guidance being moderated due to the first half's performance. Q: How does Fulton Financial plan to generate positive operating leverage given potential tighter margins? A: Curtis Myers stated that the company expects to continue generating positive operating leverage through the full integration and cost savings from the Blue Foundry acquisition, along with organic growth trending upwards in the latter half of the year. Q: What are the expectations for deposit pricing and funding costs in the second half of the year? A: Richard Kraemer, CFO, mentioned that deposit costs increased slightly and are expected to follow a similar trend in the third quarter. The company benefits from a diversified funding base and expects municipal deposit inflows to help offset some higher-cost wholesale funding. Q: What is the outlook for M&A activity following the Blue Foundry acquisition? A: Curtis Myers indicated that Fulton Financial remains interested in acquiring community banks in the $1 billion to $5 billion range, as well as larger banks in the $5 billion to $15 billion range, to expand their market presence and capabilities. Q: How does Fulton Financial view the credit environment and the rise in net charge-offs? A: Curtis Myers noted that credit metrics remain strong, with the rise in net charge-offs attributed to timing on resolutions and updated information on identified accounts. There are no new issues, and charge-offs are expected to remain within the normal operating range. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Fulton Financial Corporation? Here are five stocks we like better. Fulton Financial posted record second-quarter operating earnings of $115.9 million, or $0.60 per share, helped by higher net interest income, stronger fee revenue, and the Blue Foundry acquisition. Net interest income rose 8% sequentially to $284.3 million, and the net interest margin expanded to 3.60%. Blue Foundry significantly boosted the balance sheet, with ending loans increasing to $25.9 billion and deposits rising to $28.3 billion. Management said the deal strengthens Fulton’s presence in Northern New Jersey and supports its relationship-based community banking strategy. Credit quality and capital remained solid, with CET1 improving to about 12.1% and tangible common equity rising to 8.8%. Fulton also narrowed its 2026 guidance, lifting the low end of non-interest income outlook while lowering expected provision expense and tightening operating expense guidance. Fulton Financial (NASDAQ:FULT) reported record operating earnings for the second quarter of 2026, with management citing higher net interest income, expanded fee revenue, stronger capital levels and the completed acquisition of Blue Foundry as key contributors to the quarter. Chairman, Chief Executive Officer and President Curt Myers said the company delivered “continued strong performance” in the quarter ended June 30, pointing to solid growth, favorable overall credit performance and progress on strategic initiatives. The company completed the Blue Foundry acquisition on April 1 and later completed the merger and integration of Blue Foundry Bank on July 11. → 3 Photonics Companies Making Quantum Tech Possible “This transaction advances our strategy by expanding our presence in Northern New Jersey, enhancing our community banking model, and increasing our ability to serve customers in an attractive and growing market,” Myers said. Chief Financial Officer Rick Kraemer said net income available to common shareholders was $99.9 million, or $0.52 per diluted share. Operating earnings were $115.9 million, or $0.60 per diluted share, compared with $0.55 per diluted share in the first quarter. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Myers said operating earnings on average tangible common equity improved to 15.71%, while operating return on average assets rose to 1.39%. Tangible book value per share increased 13% on a linked-quarter annualized basis. Net interest income rose $22.2 million, or about 8% from the prior quarter, to $284.3 million. Kraemer said most of that increase came from Blue Foundry, which contributed approximately $17.5 million during the period. Total loan interest income increased $32.6 million, reflecting both acquisition-related growth and higher average balances. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Fulton’s net interest margin expanded to 3.60%, up 2 basis points from the first quarter and 13 basis points from the year-earlier period. Kraemer said the second-quarter margin was reduced by 1 basis point because the company carried overlapping subordinated debt expense for part of the period. Ending loans totaled $25.9 billion, up $1.7 billion from March 31. Kraemer said approximately $1.6 billion of the increase came from acquired Blue Foundry balances, while organic loan growth was about $103 million. Consumer-related lending, including residential mortgage and home equity production, showed strength, while commercial loan balances declined modestly. Deposits increased $1.5 billion during the quarter to $28.3 billion, mostly due to the Blue Foundry acquisition. Myers said organic deposit trends were in line with seasonal expectations and that deposit competition in Fulton’s markets was consistent with recent quarters. During the question-and-answer session, Myers said Fulton remains focused on relationship-based deposit gathering and benefits from a diversified deposit base. Kraemer said deposit costs at quarter-end were about 2 basis points higher than the quarterly average and that a similar trend could continue into the third quarter. He also noted that municipal deposits typically reach a low point in the second quarter and can improve in the third quarter. Asked about Blue Foundry’s funding profile, Kraemer said Fulton had reduced brokered deposits on a combined basis during the quarter and had paid off most of Blue Foundry’s wholesale funding since the acquisition. He said Fulton has used targeted promotional deposit offers in select markets, including Northern New Jersey, as part of its customer acquisition strategy. Non-interest income increased to $79.3 million, up $9.5 million from the first quarter. Kraemer said the largest driver was a $7.3 million increase in income from equity method investments, including about $6.9 million of gain related to an investment sold during the quarter. Mortgage banking revenue improved by roughly $1 million. Myers said commercial fee income rose 9% from the prior quarter, consumer fee income increased 8%, and wealth management assets under management and administration reached a record $18.4 billion at quarter-end. Responding to a question about investment management fees, Myers said the quarter’s fee movement reflected timing and market dynamics, noting that brokerage business fees are billed at quarter-end and that assets under management increased $1.3 billion from the first quarter to the second quarter. Total non-interest expense was $231 million, compared with $200.3 million in the prior quarter. Operating non-interest expense was $210.6 million. Excluded from operating results were $13.8 million of acquisition-related expenses, $5.9 million of intangible amortization and about $0.8 million of debt extinguishment costs tied to the redemption of subordinated debt. Kraemer said a $2.1 million pension plan charge was included in operating non-interest expense. On credit, provision expense totaled $4.9 million, down from $14.4 million in the first quarter. The allowance for credit losses on loans was $382.6 million, or 1.48% of total loans. The quarter included about $31 million of initial allowance for credit losses on acquired Blue Foundry loans. Annualized net charge-offs were 0.34% of average loans, up from 0.25% in the previous quarter, while non-performing assets were $187.1 million, or 0.54% of total assets. Myers said the rise in charge-offs reflected timing on resolutions and updated information on previously identified accounts, rather than newly identified issues. He said Fulton expects charge-offs to remain within its normal operating range. Fulton’s common equity Tier 1 ratio improved to approximately 12.1% from 11.9% in the prior quarter, and tangible common equity rose to 8.8%. The company issued $300 million of fixed-to-floating rate subordinated notes due 2036 and redeemed $195 million of subordinated notes due 2030. Fulton also repurchased 525,000 shares during the quarter at an average price of $21.19, totaling about $11.1 million. Total repurchases under the 2026 authorization reached $35.6 million through June 30, leaving approximately $115 million available. Kraemer said Fulton’s outlook for the remainder of 2026 remains positive, with management making “minor adjustments” to full-year guidance after the first half of the year. Net interest income guidance was narrowed to $1.12 billion to $1.135 billion. Full-year loan growth was adjusted to low single digits. Loan loss provision guidance was lowered to $40 million to $60 million. The low end of non-interest income guidance was raised to $290 million from $285 million. Operating non-interest expense guidance was tightened to $810 million to $830 million. The full-year tax range was unchanged. In response to an analyst question, Myers said the lower loan growth outlook reflected modest growth in the first half, including a seasonally slower first quarter and the Blue Foundry integration in the second quarter. He said management expects growth in the back half of the year to return to prior expectations. Asked about merger and acquisition strategy following Blue Foundry, Myers said Fulton remains interested in community banks in the $1 billion to $5 billion asset range, with Blue Foundry serving as an example of the type of deal that can expand the company in targeted markets. He also said Fulton would be interested in opportunities involving banks in the $5 billion to $15 billion range if they become available. Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial's offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives. Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Fulton Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Record operating earnings were driven by higher net interest income, expanded fee revenue, and disciplined balance sheet management following the Blue Foundry acquisition. The successful integration of Blue Foundry Bank on July 11th significantly expands Fulton's presence in Northern New Jersey, mirroring the successful growth strategy previously executed in Philadelphia. Loan growth was primarily driven by consumer-related lending, specifically residential mortgage and home equity production, while commercial balances saw a modest decline. Net interest margin expansion to 3.6% reflects the company's ability to maintain strong earning asset yields while effectively controlling funding costs despite market competition. Non-interest income growth was bolstered by record wealth management assets under management of $18.4 billion and a $6.9 million gain from an equity method investment sale. Management attributes the slight increase in net charge-offs to timing on resolutions for previously identified accounts rather than new credit quality issues. Full-year loan growth guidance was adjusted to low single digits, reflecting a seasonally slower first half and a focus on disciplined credit terms over volume. Management expects positive operating leverage in the second half of 2026 as full cost savings from the Blue Foundry integration are realized. Net interest margin is expected to remain stable to slightly higher in the near term, supported by approximately $5 billion in assets set to reprice at higher current rates over the next 12 months. The company plans to continue its $115 million remaining share repurchase authorization, viewing buybacks as an attractive use of capital at current stock price levels. Strategic M&A focus remains on community banks in the $1 billion to $5 billion range, with selective interest in larger institutions up to $15 billion. The Blue Foundry acquisition contributed approximately $17.5 million to net interest income and required an initial $31 million allowance for credit losses. Operating expenses included a $2.1 million non-recurring pension plan charge related to merger activities. Capital structure was enhanced through the issuance of $300 million in subordinated notes and the redemption of $195 million in higher-cost debt. Acquisition-related expenses of $13.8 million and intangible amortization of $5.9 million were excluded from operating earnings results. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified the adjustment to low single digits is primarily due to actual performance in the first six months rather than a change in outlook for the second half. The company remains disciplined on credit terms and pricing, which can impact individual originations but preserves the net interest margin. Funding costs are expected to follow a similar trend to the second quarter, with some relief in the third quarter as municipal deposits seasonally return. Management is using targeted promotional rates in new markets like Northern New Jersey as a cost-effective way to acquire new customers compared to wholesale funding. Approximately $5 billion in loans will reprice over the next year, with potential for 70 basis points of improvement if current origination levels hold. The securities portfolio also offers repricing upside, with maturing assets yielding sub-4% compared to current reinvestment opportunities over 100 basis points higher. Blue Foundry cost savings reached 24% by the end of the second quarter, with management targeting a run rate above 50% by the fourth quarter. The midpoint of the expense guidance assumes a relatively constant run rate, balanced by merger savings and the hiring of new talent teams.

Fulton Financial (FULT) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.21%. A quarter ago, it was expected that this financial holding company would post earnings of $0.5 per share when it actually produced earnings of $0.55, delivering a surprise of +10%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fulton Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $367.87 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.75%. This compares to year-ago revenues of $328.46 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fulton Financial shares have added about 27.4% since the beginning of the year versus the S&P 500's gain of 9.7%. While Fulton Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fulton Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $372.25 million in revenues for the coming quarter and $2.18 on $1.44 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Chain Bridge Bancorp, Inc. (CBNA), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +88.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Chain Bridge Bancorp, Inc.'s revenues are expected to be $19.53 million, up 54.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fulton Financial Corporation (FULT) : Free Stock Analysis Report Chain Bridge Bancorp, Inc. (CBNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

LANCASTER, Pa., July 22, 2026 /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $99.9 million, or $0.52 per diluted share, for the second quarter of 2026, an increase of $7.7 million, or $0.01 per diluted share, in comparison to the first quarter of 2026. Operating net income available to common shareholders for the three months ended June 30, 2026 was $115.9 million(1), or $0.60 per diluted share(1), an increase of $16.2 million, or $0.05 per diluted share, in comparison to the first quarter of 2026. Net income available to common shareholders for the six months ended June 30, 2026 was $192.1 million, or $1.02 per diluted share, an increase of $5.0 million, and unchanged on a per diluted share basis, in comparison to the six months ended June 30, 2025. Operating net income available to common shareholders for the six months ended June 30, 2026, was $215.5 million(1), or $1.15 per diluted share(1), an increase of $19.4 million, or $0.08 per diluted share, in comparison to the six months ended June 30, 2025. "During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis J. Myers, Fulton Chairman, CEO, and President. "With the successful integration of Blue Foundry Bank already occurring earlier this month, we are well positioned to deepen existing relationships and drive growth in this expanded footprint. Our ongoing strong performance is due to high demand for our community banking approach and the commitment of our dedicated team members to making banking personal. Our sustained focus on executing our strategic priorities is creating long-term value for our shareholders." Blue Foundry Bancorp Transaction(2) On April 1, 2026, the Corporation completed its acquisition of Blue Foundry Bancorp and Blue Foundry Bank became a wholly owned subsidiary of the Corporation. On July 11, 2026, Blue Foundry Bank merged with and into Fulton Bank. As a result of the Blue Foundry Bancorp Transaction, the Corporation acquired total assets with preliminary fair values of approximately $2.1 billion including total loans with a preliminary fair value of approximately $1.6 billion and investments with a fair value of $226.5 million. The Corporation assumed total liabilities with a fair value of $1.8 billion including total deposits with a fair value of $1.5 billion and borrowings with a fair value of $276.0 million. Financial Highlights Second quarter of 2026 operating results of $0.60 per diluted share(1) were impacted by the following items: Net interest margin remained solid at 3.60%, representing a two basis point increase from the prior quarter. Non-interest income increased $9.5 million to $79.3 million compared to $69.8 million in the prior quarter. Non-interest expense increased $30.7 million to $231.0 million compared to $200.3 million in the prior quarter. Operating non-interest expense increased $19.9 million to $210.6 million(1) compared to $190.7 million in the prior quarter. Provision for credit losses was $4.9 million resulting in an allowance for credit losses attributable to net loans of $382.6 million, or 1.48% of total net loans as of June 30, 2026. The initial allowance for credit losses on loans acquired in the Blue Foundry Bancorp Transaction was $31.0 million. Common equity tier 1 capital ratio(3) increased to approximately 12.1% compared to 11.9% in the prior quarter. During the second quarter of 2026, 525,000 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(4) at a cost of $11.1 million or an average of $21.19 per share. As of June 30, 2026, the Corporation repurchased $35.6 million of common stock under the 2026 Repurchase Program. The following items highlight notable changes in the components of net income in the second quarter of 2026 compared to the first quarter of 2026: Net interest income increased $22.2 million to $284.3 million driven by a $17.5 million increase attributable to the Blue Foundry Bancorp Transaction. A $32.6 million increase in interest income on net loans, a $2.9 million increase in interest income on investment securities and a $2.6 million increase in interest income in other interest-earning assets were partially offset by a $10.9 million increase in interest expense on deposits and a $4.9 million increase in interest expense on borrowings and other interest-bearing liabilities. Purchase loan mark accretion from loans acquired in the Republic Transaction(5) was $9.9 million in the second quarter of 2026 compared to $10.3 million in the prior quarter. Purchase loan mark accretion from loans acquired in the Blue Foundry Bancorp Transaction was $5.2 million in the second quarter of 2026. Interest expense on borrowings and other interest-bearing liabilities included approximately $2.4 million from the Corporation's $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 that were redeemed on June 15, 2026. Non-interest income before investment securities gains (losses) was $79.3 million compared to $69.8 million in the prior quarter. The $9.5 million increase was primarily attributable to a $7.3 million increase in income from equity method investments, reflected in other income, that included $6.9 million of income recognized from an equity method investment that was sold during the quarter. Compared to the prior quarter, mortgage banking income increased by $1.0 million. Non-interest expense was $231.0 million compared to $200.3 million in the prior quarter. The $30.7 million increase was primarily due to an $11.2 million increase in acquisition-related expenses and a $10.3 million increase in salaries and employee benefits expense driven by a $6.2 million increase as a result of the Blue Foundry Bancorp Transaction and a $3.5 million increase in incentive compensation expense. Increases of $2.2 million and $1.8 million in other outside services expense and data processing and software expense, respectively, were primarily driven by the Blue Foundry Bancorp Transaction. Other non-interest expense for the second quarter of 2026 included a $2.1 million charge incurred related to merging two employee pension plans and $0.8 million of debt extinguishment costs. Balance Sheet Summary Total net loans increased $1.7 billion to $25.9 billion compared to $24.3 billion as of March 31, 2026. The increase was primarily due to a $1.6 billion increase in loans, based on preliminary fair values, as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net loans increased $102.6 million with an increase of $206.9 million in consumer loans(6), partially offset by a decrease of $104.3 million in commercial loans(6). Deposits totaled $28.3 billion, a $1.5 billion increase compared to $26.8 billion as of March 31, 2026. The increase was primarily due to a $1.2 billion increase in deposits as a result of the Blue Foundry Bancorp Transaction. Excluding the Blue Foundry Bancorp Transaction, net deposits increased $249.2 million due to increases of $257.4 million in brokered deposits, $189.4 million in savings deposits and $76.4 million in time deposits, partially offset by decreases of $155.6 million in interest-bearing demand deposits and $118.5 million in noninterest-bearing demand deposits. On May 5, 2026, the Corporation issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036. On June 15, 2026, the Corporation redeemed $195.0 million aggregate principal amount of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030. Provision for Credit Losses and Asset Quality The provision for credit losses totaled $4.9 million in the second quarter of 2026 compared to $14.4 million in the first quarter of 2026. The allowance for credit losses attributable to net loans was $382.6 million, or 1.48% of total net loans as of June 30, 2026, compared to $367.5 million, or 1.51% of total net loans as of March 31, 2026. The increase was largely due to a $28.7 million increase in the allowance for credit losses as a result of the Blue Foundry Bancorp Transaction. Non-performing assets were $187.1 million, or 0.54% of total assets, as of June 30, 2026, in comparison to $177.5 million, or 0.55% of total assets, as of March 31, 2026. Non-performing assets include $16.4 million from the Blue Foundry Bancorp Transaction. Annualized net charge-offs for the second quarter of 2026 were 0.34% of total average loans in comparison to 0.25% in the prior quarter. Additional information on Fulton is available at www.fultonbank.com. Forward-Looking Statements This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Forward-looking statements are any statement that does not relate to historical or current facts and can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results. Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Numerous factors could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, including, but not limited to, the following: the impact of adverse conditions in the economy and financial markets; trade policies and the imposition of tariffs and retaliatory tariffs; the impacts of events affecting the financial services industry; the effects of actions by the federal government, including those of the Board of Governors of the Federal Reserve System and other government agencies, that impact the money supply and market interest rates; the effects of market interest rates and the relative balances of interest rate-sensitive assets to interest rate-sensitive liabilities on net interest margin and net interest income; the composition of the Corporation's loan portfolio and potential exposure to increased credit risk; the effects of changes in interest rates; investment securities gains and losses, including declines in the fair value of securities; disruptions in liquidity markets; capital and liquidity strategies; the Corporation's ability to generate capital internally or raise capital on favorable terms; the effects of competition; possible goodwill impairment charges; the impact of operational risks; the loss of, or failure to safeguard, confidential or proprietary information; the Corporation's failure to identify and promptly address cybersecurity risks; the impact of failures of the Corporation's third-party vendors to perform in accordance with contractual arrangements; the effects of concerns about other financial institutions on the Corporation; potential losses in connection with repurchase and indemnification payments related to sold loans; the effects of climate change on the Corporation's business and results of operations; the effects of increases in non-performing assets; the determination of the allowance for credit losses; the effects of the extensive level of regulation and supervision to which the Corporation and Fulton Bank are subject; changes in law, regulation and government policy; the continuing impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; potential negative consequences resulting from regulatory violations, investigations and examinations; the effects of adverse outcomes in litigation and governmental or administrative proceedings; the effects of changes in U.S. federal, state or local tax laws; the effects of the significant amounts of time and expense associated with regulatory compliance and risk management; the Corporation's ability to realize anticipated reductions in non-interest expense and increases in revenue from strategic initiatives implemented from time to time; risks related to the acquisition of Blue Foundry Bancorp; completed and potential future acquisitions may affect costs and the Corporation may not be able to successfully integrate the acquired business or realize the anticipated benefits from such acquisitions; geopolitical conditions, including acts or threats of terrorism, actions taken by the United States or other governments in response to acts or threats of terrorism, military conflicts, wars and other international hostilities; public health crises and pandemics; the Corporation's ability to achieve its growth plans; the Corporation's ability to attract and retain talented personnel; the effects of competition from financial service companies and other companies offering bank services; the Corporation's ability to keep pace with technological changes; the Corporation's reliance on its subsidiaries for substantially all of its revenues; and the effects of negative publicity on the Corporation's reputation. For additional information about factors that could cause actual results to differ materially from those described in forward-looking statements, refer to the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov). Non-GAAP Financial Measures The Corporation uses certain financial measures in this press release that have been derived from methods other than GAAP. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release. View original content to download multimedia:https://www.prnewswire.com/news-releases/fulton-financial-corporation-announces-second-quarter-2026-results-302832483.html

The market expects Northeast Community Bancorp (NECB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of -6.1%. Revenues are expected to be $25.76 million, down 0.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.38% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Northeast Community Bancorp, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Northeast Community Bancorp will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Northeast Community Bancorp would post earnings of $0.75 per share when it actually produced earnings of $0.74, delivering a surprise of -1.33%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Northeast Community Bancorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Banks - Northeast industry, Fulton Financial (FULT), is soon expected to post earnings of $0.53 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -3.6%. Revenues for the quarter are expected to be $361.54 million, up 10.1% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Fulton Financial has been revised 0.6% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.42%, reflecting a lower Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Fulton Financial will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report Fulton Financial Corporation (FULT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research