LANCASTER, PA — Fulton Financial Corporation (Nasdaq: FULT) recently reported net income available to common shareholders of $92.2 million, or $0.51 per diluted share, for the first quarter of 2026, down $4.2 million from the fourth quarter of 2025.
Operating net income for the quarter totaled $99.7 million, or $0.55 per diluted share, up $0.3 million from the prior quarter.
Net interest margin was 3.58%, down one basis point from the previous quarter.
Non-interest income totaled $69.8 million, compared with $70.0 million in the prior quarter, while non-interest expense declined $12.7 million to $200.3 million.
The provision for credit losses was $14.4 million, resulting in an allowance for credit losses of $367.5 million, or 1.51% of total net loans as of March 31, 2026.
Total net loans increased $121.5 million to $24.3 billion, driven by growth in both consumer and commercial lending.
Deposits rose $178.9 million to $26.8 billion, led by increases in savings and noninterest-bearing demand deposits.
Non-performing assets declined to $177.5 million, or 0.55% of total assets, compared with $185.2 million, or 0.58%, at the end of 2025.
During the quarter, Fulton repurchased approximately 1.2 million shares of common stock for $24.5 million at an average price of $20.21 per share.
The company completed its acquisition of Blue Foundry Bancorp on April 1, 2026, expanding its presence in northern New Jersey. Blue Foundry Bank is expected to merge into Fulton Bank later in 2026.
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