Quarterly ResultJul 22, 2026, 04:37 PM
Fulton Financial Q2 Net Income $99.9M, EPS $0.52; Blue Foundry Acq. Complete
AI Summary
Fulton Financial Corporation announced strong second-quarter 2026 results, with net income available to common shareholders reaching $99.9 million, or $0.52 per diluted share. Operating net income was $115.9 million, or $0.60 per diluted share, reflecting a significant increase from the prior quarter. The company successfully completed the acquisition of Blue Foundry Bancorp, integrating Blue Foundry Bank into Fulton Bank in July, which contributed to the financial performance and expanded footprint.
Key Highlights
- Completed acquisition of Blue Foundry Bancorp on April 1, 2026.
- Blue Foundry Bank merged into Fulton Bank on July 11, 2026.
- Acquired $2.1 billion in assets and assumed $1.8 billion in liabilities from Blue Foundry.
- Net income available to common shareholders was $99.9 million, or $0.52 per diluted share.
- Operating net income available to common shareholders was $115.9 million, or $0.60 per diluted share.
- Net interest income increased $22.2 million to $284.3 million.
- Non-interest income increased $9.5 million to $79.3 million.
- Common equity tier 1 capital ratio increased to approximately 12.1%.
Price Impact
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