Fulton Financial: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 04:48 PM ET
Last Updated - Apr 16, 2024, 04:48 PM EDT
LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Fulton Financial Corp. (FULT) on Tuesday reported first-quarter profit of $61.9 million.
The Lancaster, Pennsylvania-based bank said it had earnings of 36 cents per share. Earnings, adjusted for non-recurring costs, were 40 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The financial holding company posted revenue of $358.5 million in the period. Its revenue net of interest expense was $230.4 million, which fell short of Street forecasts.
