Quarterly ResultAug 7, 2026, 04:40 PM
Fulton Financial Q2 Net Income $102.4M; Blue Foundry Merger Completed
AI Summary
Fulton Financial Corporation reported a net income of $102.4 million for Q2 2026, up from $99.2 million in Q2 2025, though basic EPS slightly decreased to $0.52 from $0.53. The company completed its Blue Foundry Merger on April 1, 2026, issuing 12.4 million shares of common stock as part of the $252.9 million consideration. Total assets grew to $34.6 billion, and a $150 million share repurchase program was authorized.
Key Highlights
- Net income for Q2 2026 was $102.4 million, up from $99.2 million YoY.
- Basic EPS for Q2 2026 was $0.52, a slight decrease from $0.53 YoY.
- Blue Foundry Merger completed April 1, 2026, issuing 12.4 million common shares.
- Total assets increased to $34.6 billion as of June 30, 2026.
- Net interest income rose to $284.3 million in Q2 2026 from $254.9 million YoY.
- Cash dividends increased to $0.19 per share for Q2 2026.
- Authorized a $150 million share repurchase program for 2026-2027.
Price Impact
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