FULT Earnings Prediction
The chart below shows how FULT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FULT sees a -3.33% change in stock price 10 days leading up to the earnings, and a +2.52% change 10 days following the report. On the earnings day itself, the stock moves by +1.00%. This data can give you a slight idea of what to expect for the next quarter's release.
FULT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
296.63M
19.22%
-1.01%
Gross Margin
--
--
--
Operating Margin
33.23%
-5.52%
-1.95%
Net Margin
23.13%
-10.45%
9.67%
EPS
0.36
-2.70%
9.09%
No Data Available
FULT Earnings Analysis
Fulton Financial Corp Corporation (FULT.O) Earnings Conference Call
Positive
Record Total Revenue: Fulton Financial achieved a record total revenue of $1.2 billion for the year, reflecting strong operational performance and strategic execution.
Record Operating Earnings Per Share: Operating earnings per share reached a record $1.85 for 2024, driven by solid fundamentals and the positive impact of the Republic transaction.
Deposit Growth Surge: Total deposit growth was impressive, with an increase of $4.6 billion or 21.3% for the year, including $878 million or 4.1% growth in legacy Fulton deposits.
Non-Interest Income Increase: Non-interest income grew by $31 million or 13.4% to $259 million, with all non-interest income generating businesses contributing positively, particularly Wealth Management which grew by 12.2%.
Dividend Increase Announcement: Dividends declared increased by 6% year-over-year to $0.69 per share, demonstrating a commitment to returning value to shareholders.
Negative
Decline in Operating Earnings: Operating earnings per diluted share for Q4 was $0.48, a decrease from the previous quarter, indicating a decline in profitability.
Loan Decline Challenges: Total loans declined by $131,000,000 linked quarter, reflecting challenges in organic growth and portfolio repositioning.
Net Interest Income Decline: Net interest income decreased by $4,000,000 linked quarter to $254,000,000, primarily due to a decline in loan yields and margin pressure.
Credit Loss Provision Increase: The provision for credit losses was $16,700,000, with the allowance for credit losses to total loans ratio increasing to 1.58%, signaling potential credit quality concerns.
Asset Quality Deterioration: Non-performing assets to total assets increased by 5 basis points to 69 basis points, indicating a slight deterioration in asset quality.
FULT FAQs
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FULT Earning Call Sentiment
Earnings call transcript: Fulton Financial Q4 2024 sees record revenue
FULT.O
-2.24%Positive
The earnings call presents a mixed picture. Record revenue and EPS, along with a dividend increase, are positive. However, challenges such as loan growth headwinds, economic uncertainty, and competitive pressures temper enthusiasm. The Q&A reveals unclear guidance on asset growth and Fulton First's impact, adding uncertainty. The company's market cap suggests moderate sensitivity to these factors. Overall, these mixed signals balance out to a neutral sentiment, with no strong catalysts for significant stock price movement in the short term.
