$23.675
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FULT 資訊
FULT 事件
Blue Foundry Sees FY26 Credit Loss Provision of $40M-$60M
Sees FY26 provision for credit losses $40M-$60M. Sees FY26 non-interest income $290M-$300M, with non-interest expense $810M-$830M. Sees FY26 effective tax rate 18.5%-19.5%. Says Blue Foundry targeted cost-save run-rate expected to be achieved by Q4. Comments taken from investor presentation slides.
Q2 Revenue Reaches $367.9M, Exceeds Expectations
Reports Q2 revenue $367.9M, consensus $359.16M. Q2 net interest margin was 3.60%, a two basis point increase from the prior quarter. Common equity tier 1 capital ratio increased to approximately 12.1% vs. 11.9% in the prior quarter. "During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis Myers, CEO. "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 Announces Merger of Blue Foundry Bank
Fulton Financial announced the merger of Blue Foundry Bank with and into Fulton Bank, N.A., effective July 11, and the subsequent conversion of Blue Foundry Bank's systems onto Fulton Bank's banking platforms.
FY26 Credit Loss Provision Expected at $55M-$75M
Sees FY26 provision for credit losses $55M-$75M. Sees FY26 non-interest income $285M-$300M. Sees FY26 non-interest expense $800M-$835M. Sees FY26 effective tax rate 18.5%-19.5%. Says net interest income outlook reflects mid-single-digit organic loan growth plus Blue Foundry Bancorp acquisition. Says FY26 non-interest expense outlook assumes Blue Foundry Bancorp operating non-interest expense of approximately $27M. Comments and guidance taken from Q1 investor presentation slides.
Fulton Bank Reports Q1 Net Interest Margin at 3.58%
Net interest margin remained solid at 3.58%, representing a one basis point decline from the prior quarter. "Our first quarter results reflect steady, solid profitability driven by disciplined execution of our strategy," said Fulton Chairman, CEO, and President, Curtis Myers. "The Blue Foundry Bancorp acquisition expands our presence in northern New Jersey and meaningfully advances our business objectives. We are pleased to welcome Blue Foundry Bank's team members and customers to Fulton. Our focus now turns to a seamless integration, a smooth customer transition, and the continued delivery of positive operating leverage and successful strategic outcomes."
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