Fulton Financial Corporation Reports $99.2 Million Net Income for Q2 2025

Fulton Financial Corporation reported a net income of $99.2 million for the second quarter of 2025, reflecting a 3.3% increase from $95.0 million in the same period last year. For the first half of 2025, net income available to common shareholders reached $192.2 million, up from $156.9 million in the prior year. The diluted earnings per share remained stable at $0.53 for the second quarter, while it increased to $1.02 for the first half, compared to $0.89 in 2024. The corporation's net interest income for the second quarter was $254.9 million, a rise of 5.5% from $241.7 million a year earlier, driven by a net interest margin of 3.47%, up from 3.43%.

The company experienced a decrease in non-interest income, which fell to $69.1 million in the second quarter, down 25.6% from $93.0 million in the previous year. This decline was attributed to the absence of a significant gain on acquisition recorded in 2024 and losses from investment securities. Non-interest expenses also decreased slightly to $192.8 million, down from $199.5 million, primarily due to cost-saving measures following the Republic First Transaction, which was completed in April 2024. The provision for credit losses was $8.6 million for the quarter, significantly lower than the $32.1 million recorded in the same quarter of 2024.

Fulton Financial's total assets as of June 30, 2025, were $32.0 billion, a slight decrease from $32.1 billion at the end of 2024. The corporation's loan portfolio remained stable, with net loans totaling $24.0 billion, down marginally from $24.1 billion at the end of the previous year. The allowance for credit losses (ACL) was $377.3 million, representing 1.57% of total net loans. The company reported a decrease in non-performing loans to $212.9 million, or 0.89% of total net loans, compared to 0.92% at the end of 2024.

Strategically, Fulton Financial has been focusing on enhancing its market presence through acquisitions, including the Republic First Transaction, which added approximately $4.8 billion in assets and $5.6 billion in liabilities. The corporation has also initiated a stock repurchase program, authorizing up to $125 million in common stock buybacks, with $9 million already executed in the first half of 2025. Looking ahead, the corporation anticipates continued growth in net interest income and a stable credit environment, although it remains cautious about potential economic fluctuations and their impact on loan performance and credit quality.