Fulton Financial secures regulatory approval for Blue Foundry acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy FULT?
Fulton Financial Corp's stock fell 6.33% and hit a 20-day low amid broader market declines, with the Nasdaq-100 down 0.59% and the S&P 500 down 0.81%.
The company received necessary regulatory approvals from the Federal Reserve and the Office of the Comptroller of the Currency for its all-stock acquisition of Blue Foundry Bancorp, expected to close around April 1, 2026. This merger is anticipated to enhance Fulton's market position in New Jersey, expand its customer base, and improve service capabilities, supported by strong shareholder backing from Blue Foundry.
This acquisition positions Fulton for future growth, potentially increasing its asset size to approximately $32 billion and enhancing its competitiveness in the financial sector.
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Analyst Views on FULT
Wall Street analysts forecast FULT stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 21.990
Low
21.00
Averages
21.00
High
21.00
Current: 21.990
Low
21.00
Averages
21.00
High
21.00
About FULT
Fulton Financial Corporation is a financial holding company. Through its banking subsidiary, Fulton Bank (the Bank), the Company delivers financial services primarily within its five-state market area, comprising Pennsylvania, Delaware, Maryland, New Jersey and Virginia, in a personalized, community-oriented style that emphasizes relationship banking. The Bank offers a diversified suite of consumer banking products and services in its market area. The Bank's consumer banking products and services include various checking account and savings deposit products and certificates of deposit. The Bank provides commercial banking products and services primarily to small- and medium-sized businesses. The Bank's commercial lending products include commercial real estate loans, commercial and industrial loans and others. It offers wealth management services, which include investment management, trust, brokerage, insurance and investment advisory services, to consumer and commercial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Market Recovery Boosts Bank Stocks Amid M&A Optimism
- Market Sentiment Recovery: As geopolitical risks subside, the outlook for investment banking and lending activities improves, leading to a notable rise in several stocks during the afternoon session, particularly among regional banks.
- Increased M&A Activity: The resurgence of risk-on sentiment typically triggers a rise in merger and acquisition (M&A) activities and initial public offerings (IPOs), allowing banks to benefit from increased fee-based revenues, thereby enhancing overall profitability.
- Reduced Credit Risk: Falling energy prices diminish the risk of credit defaults in energy-sensitive sectors, improving the overall quality of bank loan portfolios, which allows financial institutions to manage their capital reserves more confidently.
- Investment Return Potential: Fulton Financial (NASDAQ:FULT) has risen 13.2% since the beginning of the year, with its current share price nearing the 52-week high of $22.75, reflecting market confidence in its future growth; investors who bought $1,000 worth of shares five years ago would now see their investment grow to $1,286.
See More
Fulton Financial Corporation to Release Q1 2026 Earnings on April 22
- Earnings Release Schedule: Fulton Financial Corporation has announced that it will release its Q1 2026 earnings and accompanying charts on April 22, 2026, at 4:30 p.m. ET, enhancing the company's transparency and information disclosure.
- Analyst Conference Call: The company will host a conference call with analysts on April 23, 2026, at 10:00 a.m. ET, led by Chairman and CEO Curtis J. Myers, aimed at providing deeper insights into the earnings report and engaging with investors.
- Company Overview: Fulton Financial Corporation is a financial holding company based in Lancaster, Pennsylvania, with total assets of $34 billion and over 3,500 employees, showcasing its strong presence in the regional financial services market.
- Service Network: Fulton operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank and Blue Foundry Bank, further solidifying its market position.
See More
Fulton Financial Corporation to Release Q1 2026 Earnings on April 22
- Earnings Release Schedule: Fulton Financial Corporation has announced that it will release its Q1 2026 earnings and accompanying charts on April 22, 2026, at approximately 4:30 p.m. Eastern Time, enhancing the company's transparency and information disclosure.
- Analyst Conference Call: The company will host a conference call with analysts on April 23, 2026, at 10 a.m. Eastern Time, led by Chairman and CEO Curtis J. Myers, aimed at providing deeper insights into the earnings report and engaging with investors.
- Company Overview: Fulton Financial Corporation is a financial holding company based in Lancaster, Pennsylvania, with total assets of $34 billion and over 3,500 employees, showcasing its strong presence in the regional financial services market.
- Service Network: Fulton operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank and Blue Foundry Bank, further solidifying its market position.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance its customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is likely to bolster customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's strategic plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is crucial for building customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's growth plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Financial Corporation Declares Quarterly Dividends
- Cash Dividend Announcement: Fulton Financial Corporation's Board of Directors declared a quarterly cash dividend of $0.19 per share, payable on April 15, 2026, to shareholders of record as of April 1, 2026, demonstrating the company's commitment to shareholder returns amidst stable profitability.
- Preferred Stock Dividend: Additionally, the Board declared a quarterly dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2026, reflecting the company's focus on maintaining a stable capital structure and prioritizing preferred shareholders.
- Company Scale and Impact: With a market capitalization exceeding $32 billion, Fulton operates over 200 financial centers across five states, employing more than 3,300 individuals, which underscores its significant presence and influence in the regional financial market.
- Investor Relations Information: The company has provided contact information for investor relations, enhancing communication with investors and indicating its commitment to transparency and shareholder value.
See More
Market Recovery Boosts Bank Stocks Amid M&A Optimism
- Market Sentiment Recovery: As geopolitical risks subside, the outlook for investment banking and lending activities improves, leading to a notable rise in several stocks during the afternoon session, particularly among regional banks.
- Increased M&A Activity: The resurgence of risk-on sentiment typically triggers a rise in merger and acquisition (M&A) activities and initial public offerings (IPOs), allowing banks to benefit from increased fee-based revenues, thereby enhancing overall profitability.
- Reduced Credit Risk: Falling energy prices diminish the risk of credit defaults in energy-sensitive sectors, improving the overall quality of bank loan portfolios, which allows financial institutions to manage their capital reserves more confidently.
- Investment Return Potential: Fulton Financial (NASDAQ:FULT) has risen 13.2% since the beginning of the year, with its current share price nearing the 52-week high of $22.75, reflecting market confidence in its future growth; investors who bought $1,000 worth of shares five years ago would now see their investment grow to $1,286.
See More
Fulton Financial Corporation to Release Q1 2026 Earnings on April 22
- Earnings Release Schedule: Fulton Financial Corporation has announced that it will release its Q1 2026 earnings and accompanying charts on April 22, 2026, at 4:30 p.m. ET, enhancing the company's transparency and information disclosure.
- Analyst Conference Call: The company will host a conference call with analysts on April 23, 2026, at 10:00 a.m. ET, led by Chairman and CEO Curtis J. Myers, aimed at providing deeper insights into the earnings report and engaging with investors.
- Company Overview: Fulton Financial Corporation is a financial holding company based in Lancaster, Pennsylvania, with total assets of $34 billion and over 3,500 employees, showcasing its strong presence in the regional financial services market.
- Service Network: Fulton operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank and Blue Foundry Bank, further solidifying its market position.
See More
Fulton Financial Corporation to Release Q1 2026 Earnings on April 22
- Earnings Release Schedule: Fulton Financial Corporation has announced that it will release its Q1 2026 earnings and accompanying charts on April 22, 2026, at approximately 4:30 p.m. Eastern Time, enhancing the company's transparency and information disclosure.
- Analyst Conference Call: The company will host a conference call with analysts on April 23, 2026, at 10 a.m. Eastern Time, led by Chairman and CEO Curtis J. Myers, aimed at providing deeper insights into the earnings report and engaging with investors.
- Company Overview: Fulton Financial Corporation is a financial holding company based in Lancaster, Pennsylvania, with total assets of $34 billion and over 3,500 employees, showcasing its strong presence in the regional financial services market.
- Service Network: Fulton operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia through Fulton Bank and Blue Foundry Bank, further solidifying its market position.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance its customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is likely to bolster customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's strategic plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is crucial for building customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's growth plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Financial Corporation Declares Quarterly Dividends
- Cash Dividend Announcement: Fulton Financial Corporation's Board of Directors declared a quarterly cash dividend of $0.19 per share, payable on April 15, 2026, to shareholders of record as of April 1, 2026, demonstrating the company's commitment to shareholder returns amidst stable profitability.
- Preferred Stock Dividend: Additionally, the Board declared a quarterly dividend of $12.81 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2026, reflecting the company's focus on maintaining a stable capital structure and prioritizing preferred shareholders.
- Company Scale and Impact: With a market capitalization exceeding $32 billion, Fulton operates over 200 financial centers across five states, employing more than 3,300 individuals, which underscores its significant presence and influence in the regional financial market.
- Investor Relations Information: The company has provided contact information for investor relations, enhancing communication with investors and indicating its commitment to transparency and shareholder value.
See More
