FULTON FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
FULT$24.00-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
(dollars in thousands)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Net Income | $284,280 | $286,981 | $275,497 |
| Other Comprehensive Income/(Loss), net of tax: | |||
| Unrealized gains (losses) on AFS investment securities: | |||
| Net unrealized holding gains (losses) on securities | 36,023 | (312,169) | (17,948) |
| Reclassification adjustment for securities gains (losses) included in net income | (567) | (20) | (25,905) |
| Amortization of net unrealized gains (losses) on AFS securities transferred to HTM | 5,913 | (44,483) | 2,690 |
| Net unrealized gains (losses) on AFS investment securities | 41,369 | (356,672) | (41,163) |
| Unrealized (losses) gains on interest rate derivatives used in cash flow hedges: | |||
| Net unrealized holding losses arising during the period | 6,998 | (62,963) | (2,670) |
| Reclassification adjustment for net gains (losses) realized in net income | 19,995 | 6,004 | (2,147) |
| Net unrealized gains (losses) on interest rate derivatives used in cash flow hedges | 26,993 | (56,959) | (4,817) |
| Defined benefit pension plan and postretirement benefits: | |||
| Unrecognized pension and postretirement income (cost) | 4,777 | 644 | 7,144 |
| Amortization of net unrecognized pension and postretirement income (loss) | 57 | 100 | 1,156 |
| Net unrealized (losses) gains on defined benefit pension and postretirement plans | 4,834 | 744 | 8,300 |
| Other Comprehensive Income (Loss) | 73,196 | (412,887) | (37,680) |
| Total Comprehensive Income (Loss) | $357,476 | $(125,906) | $237,817 |
| See Notes to Consolidated Financial Statements | |||
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