FULTON FINANCIAL CORP

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

FULT$24.00-0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income

(dollars in thousands, except per-share data)

	2024	2023	2022
Interest Income
Loans, including fees	$1,394,969	$1,156,373	$758,609
Investment securities	136,650	101,518	98,115
Other interest income	50,577	15,345	8,114
Total Interest Income	1,582,196	1,273,236	864,838
Interest Expense
Deposits	521,859	292,205	43,829
Federal funds purchased	2,881	30,417	2,967
FHLB advances	37,793	46,965	7,334
Senior debt and subordinated debt	20,255	21,361	22,257
Other borrowings and interest-bearing liabilities	39,083	28,002	6,817
Total Interest Expense	621,871	418,950	83,204
Net Interest Income	960,325	854,286	781,634
Provision for credit losses	71,636	54,036	28,021
Net Interest Income After Provision for Credit Losses	888,689	800,250	753,613
Non-Interest Income
Commercial banking	84,982	81,160	75,779
Wealth management	84,743	75,541	72,843
Consumer banking	55,504	47,197	49,496
Mortgage banking	13,943	10,388	14,204
Gain on acquisition, net of tax	36,996	—	—
Other	19,846	14,125	14,835
Non-Interest Income Before Investment Securities Gains (Losses), Net	296,014	228,411	227,157
Investment securities gains (losses), net	(20,283)	(733)	(27)
Total Non-Interest Income	275,731	227,678	227,130
Non-Interest Expense
Salaries and employee benefits	432,821	377,417	356,884
Data processing and software	77,882	66,471	60,255
Net occupancy	69,359	58,019	56,195
Other outside services	60,586	47,724	37,152
FDIC insurance	23,829	25,565	12,547
Equipment	17,850	14,390	14,033
Intangible amortization	17,830	2,944	1,731
Professional fees	10,857	8,392	9,123
Marketing	8,958	9,004	6,885
Acquisition-related expenses	37,635	—	10,328
Other	62,184	69,281	68,595
Total Non-Interest Expense	819,791	679,207	633,728
Income Before Income Taxes	344,629	348,721	347,015
Income taxes	55,886	64,441	60,034
Net Income	288,743	284,280	286,981
Preferred stock dividends	(10,248)	(10,248)	(10,248)
Net Income Available to Common Shareholders	$278,495	$274,032	$276,733
PER SHARE:
Net income available to common shareholders (basic)	$1.59	$1.66	$1.69
Net income available to common shareholders (diluted)	1.57	1.64	1.67
Cash dividends	0.69	0.64	0.66
See Notes to Consolidated Financial Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.