Fulton Financial (FULT) Q4 2025 Earnings
How Did FULT Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −0.24%.
Did FULT Beat Earnings? Q4 2025 Results
Yes. Fulton Financial reported Q4 2025 earnings of $0.55 a share on Jan 21, 2026, beating the $0.51 consensus estimate by 7.8%. Revenue was $336.0M against a $336.9M estimate.
Fulton Financial delivered a stronger-than-expected fourth quarter, with operating earnings per diluted share of $0.55 beating the $0.51 consensus by 7.84%, even as revenue of $336.02 million came in fractionally below the $336.90 million estimate and fell 30.6% year over year. The earnings beat was driven in large part by a sharp drop in the provision for credit losses to $2.95 million from $10.24 million the prior quarter, while net interest margin edged up 2 basis points to 3.59% on lower funding costs. The quarter was not without friction, as non-interest expense surged to $212.99 million from $196.57 million, largely on $7.50 million in higher incentive compensation, pushing the operating efficiency ratio to 60.0% from 56.5%. For full-year 2025, operating diluted EPS rose 17% to $2.16. The company's stock reached a 52-week high following the results, with at least one analyst raising their price target to $23.00. Looking ahead, Fulton guided 2026 non-FTE net interest income to $1.12 to $1.14 billion, incorporating mid-single-digit loan growth and the pending Blue Foundry Bancorp acquisition, expected to close in Q2 2026.
- Net interest margin expansion to 3.59% driven by 13 bps decrease in total cost of funds
- Wealth management revenues increased $1.2 million linked quarter with AUM/AUA exceeding $17 billion
- Provision for credit losses declined sharply to $2.9 million from $10.2 million in Q3
- Deposit growth of $256.9 million linked quarter
- Purchase loan mark accretion from Republic First Bank acquisition of $10.5 million
- Full-year operating diluted EPS grew 17% year-over-year
“The strength of our strategy and the dedication of our team combined to generate a 17% increase in our operating diluted earnings per share.”
Fulton Financial CEO, on the earnings call
What Was Fulton Financial's Outlook in Q4 2025?
For 2026, Fulton provided operating guidance (assuming Blue Foundry Bancorp acquisition closes in Q2 2026 with systems conversion in Q3 2026 and a 25 bps Fed funds rate cut in March 2026): Non-FTE net interest income of $1.120–$1.140 billion (with $50–$55 million in purchase accounting accretion); provision for credit losses of $55–$75 million; non-interest income of $285–$300 million; operating non-interest expense (excluding CDI amortization and non-operating items) of $800–$835 million (includes ~$27 million from Blue Foundry operating expenses); non-operating expenses of $38.4 million (Blue Foundry acquisition-related and incremental FultonFirst implementation); effective tax rate of 18.5%–19.5%. Guidance reflects mid-single-digit organic loan growth.
FULT YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $336.0M | $484.4M | −30.6% |
| Net Income | $99.0M | $68.6M | +44.2% |
| Operating Income | $120.1M | $86.2M | +39.2% |
FULT Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.