Fulton Financial Corp
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.43%.
Did FULT Beat Earnings? Q2 2026 Results
Fulton Financial delivered a stronger-than-expected second quarter, posting non-GAAP operating earnings of $0.60 per diluted share against a consensus estimate of $0.53, a beat of 13.21% that extended the Lancaster, Pennsylvania-based bank's streak to four consecutive quarters of topping analyst expectations. Revenue came in at $363.56 million, down 23.0% year over year, though the headline decline was largely a function of prior-period comparisons rather than underlying weakness. The clearest driver of the quarter's outperformance was the April 1 closing of the Blue Foundry Bancorp acquisition, which added roughly $2.10 billion in assets and contributed approximately $17.50 million to a sequential net interest income increase, lifting NII to $284.25 million as net interest margin expanded two basis points to 3.60%. Provision for credit losses fell sharply to $4.90 million, further supporting the bottom line. Looking ahead, Fulton guided full-year 2026 non-FTE net interest income to $1.12 billion to $1.14 billion, assuming no further federal funds rate changes, with non-interest expense targeted at $810 million to $830 million as Blue Foundry cost saves ramp toward a full run-rate by the fourth quarter.
- Net interest margin expanded 2 basis points to 3.60%
- Blue Foundry Bancorp acquisition contributed $17.5 million to net interest income increase
- Non-interest income increased $9.5 million linked quarter, driven by $6.9 million from equity method investment sale
- Loan yield increased 10 basis points to 5.80%
- Consumer loan growth of $206.9 million excluding acquisitions
- Operating ROAA improved to 1.39% from 1.30%
- Operating ROATCE improved to 15.71% from 14.76%
“During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp. 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.”
Fulton Financial CEO, on the earnings call
Forward Guidance & Outlook
Full-year 2026 operating guidance: Non-FTE net interest income of $1.120–$1.135 billion (assumes no federal funds rate changes through remainder of year, with approximately $55 million in purchase accounting accretion and low single-digit organic loan growth plus Blue Foundry impact); provision for credit losses of $40–$60 million (adjusted for year-to-date performance); non-interest income of $290–$300 million (includes income from equity method investment sold in Q2); non-interest expense (excluding non-operating items and CDI amortization) of $810–$830 million (assumes approximately $27 million in legacy Blue Foundry operating expense, with targeted cost-save run-rate expected by Q4 2026); non-operating expenses of approximately $38.4 million; CDI expense of approximately $23.9 million; effective tax rate of 18.5%–19.5%.
FULT YoY Financials
FULT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.