Fulton Financial Corporation reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with net income available to common shareholders rising to $381.4 million, a 37% increase from $278.5 million in 2024. The diluted earnings per share also increased to $2.08, up from $1.57 in the previous year. The corporation's net interest income reached $1.0 billion, reflecting a $76 million increase compared to the prior year, driven by a net interest margin of 3.51%, which improved by nine basis points from 3.42% in 2024.
The corporation's total assets as of December 31, 2025, were $32.1 billion, a slight increase from $32.07 billion in 2024. Total deposits grew by $460 million, or 1.8%, to $26.6 billion, primarily due to increases in savings and money market deposits. However, borrowings decreased significantly by 27.2% to $1.3 billion, largely due to a reduction in Federal Home Loan Bank advances. The allowance for credit losses (ACL) on loans was reported at $364.5 million, representing 1.51% of total net loans, down from $379.2 million in 2024.
Strategically, Fulton Financial completed the Republic First Transaction in April 2024, acquiring approximately $4.8 billion in assets and enhancing its market presence in Philadelphia and New Jersey. The corporation also announced a merger agreement with Blue Foundry Bancorp, expected to close on or about April 1, 2026, which will further expand its operations. The merger has received all necessary regulatory approvals, and the integration plan is in place to ensure a smooth transition.
Operationally, Fulton Financial's workforce consisted of approximately 3,400 employees as of December 31, 2025. The corporation emphasized employee engagement and retention, implementing various programs to enhance workplace culture and support professional development. The total number of financial centers remained stable at 204, with a focus on maintaining a community-oriented banking approach across its five-state market area.
Looking ahead, Fulton Financial expressed optimism about its growth trajectory, supported by its strategic initiatives and the anticipated benefits from the merger with Blue Foundry. However, the corporation acknowledged potential risks, including economic conditions, interest rate fluctuations, and regulatory changes, which could impact its financial performance. The management remains committed to navigating these challenges while focusing on enhancing shareholder value through prudent capital management and operational efficiency.
About FULTON FINANCIAL CORP
Fulton Financial Corporation is a bank holding company that operates Fulton Bank, providing community-oriented financial services across five states. Its core activities include retail, commercial, and wealth management banking, offering loans, deposits, and investment services. The company emphasizes relationship banking, regulatory compliance, and risk management, serving diverse customer segments with a focus on small- and medium-sized businesses and consumers in a competitive financial industry.
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