FULT News & Events

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.

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."

Fulton Financial (FULT) announced the successful completion of its acquisition of Blue Foundry Bancorp (BLFY), Rutherford, N.J. As a result of the acquisition, Fulton advances its growth plan in an important market and becomes a $34B financial services company.