FULTON FINANCIAL CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
FULT$23.76-0.1%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets - March , 202 and December 31,
(dollars in thousands, except per-share data)
| March 31, 2025 | December 31,2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $388,503 | $279,041 |
| Interest-bearing deposits with other banks | 641,953 | 784,830 |
| Cash and Cash Equivalents | 1,030,456 | 1,063,871 |
| FRB and FHLB stock | 136,164 | 139,574 |
| Loans held for sale | 15,965 | 25,618 |
| Investment securities: | ||
| AFS, at estimated fair value | 3,575,043 | 3,410,899 |
| HTM, at amortized cost | 1,496,280 | 1,395,569 |
| Net loans | 23,862,574 | 24,044,919 |
| Less: ACL - loans | (379,677) | (379,156) |
| Loans, Net | 23,482,897 | 23,665,763 |
| Net premises and equipment | 186,873 | 195,527 |
| Accrued interest receivable | 116,215 | 117,029 |
| Goodwill and net intangible assets | 629,189 | 635,458 |
| Other assets | 1,462,946 | 1,422,502 |
| Total Assets | $32,132,028 | $32,071,810 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $5,435,934 | $5,499,760 |
| Interest-bearing | 20,893,038 | 20,629,673 |
| Total Deposits | 26,328,972 | 26,129,433 |
| Borrowings: | ||
| FHLB advances | 750,000 | 850,000 |
| Senior debt and subordinated debt | 367,396 | 367,316 |
| Other borrowings | 539,804 | 564,732 |
| Total Borrowings | 1,657,200 | 1,782,048 |
| Accrued interest payable | 27,014 | 31,620 |
| Other liabilities | 844,521 | 931,384 |
| Total Liabilities | 28,857,707 | 28,874,485 |
| SHAREHOLDERS' EQUITY | ||
| Preferred stock, no par value, 10,000,000 shares authorized; Series A, 200,000 shares issued as of March 31, 2025 and December 31, 2024, liquidation preference of $1,000 per share | 192,878 | 192,878 |
| Common stock, $2.50 par value, 600,000,000 shares authorized, 246,048,499 shares issued as of March 31, 2025 and 245,946,392 shares issued as of December 31, 2024 | 615,121 | 614,866 |
| Additional paid-in capital | 1,792,104 | 1,789,214 |
| Retained earnings | 1,833,247 | 1,775,620 |
| Accumulated other comprehensive loss | (271,547) | (287,819) |
| Treasury stock, at cost, 63,844,183 shares as of March 31, 2025 and 63,857,567 shares as of December 31, 2024 | (887,482) | (887,434) |
| Total Shareholders' Equity | 3,274,321 | 3,197,325 |
| Total Liabilities and Shareholders' Equity | $32,132,028 | $32,071,810 |
| See Notes to Consolidated Financial Statements | ||
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