The strong operating beat and improving credit metrics (NPA ratio down, charge-offs halved) support the post-merger integration thesis. Watch for Q4 guidance on net interest margin trajectory and deposit cost trends given the competitive deposit environment.
Price Chart
Executive Summary
Fulton Financial reported Q3 2026 operating EPS of $0.62, beating consensus of $0.55 by 12.7%, with net income available to common shareholders of $114.1M. The quarter included successful completion of the Blue Foundry Bank integration, solid net interest margin of 3.58%, and active share repurchases ($56.1M in Q3).
Key Financial Metrics
Key Facts
- Operating EPS of $0.62 beat consensus of $0.55 by 12.7%
- Net income available to common shareholders of $114.1M, up from $99.9M in Q2 2026
- Net interest margin stable at 3.58% vs 3.60% prior quarter
- Completed Blue Foundry Bank integration; merger closed April 1, 2026
- Repurchased 2.325M shares at $56.1M ($24.14 avg) in Q3; $91.8M total YTD under $150M authorization
- Non-performing assets declined to 0.52% of total assets from 0.54%
- Net charge-offs improved to 0.14% annualized from 0.34% in Q2
- Common equity Tier 1 ratio of 12.2%, solid capital position
Financial Impact
Operating EPS beat consensus by $0.07 (12.7%); net income up 14.3% QoQ; $56.1M in share repurchases during quarter
Risk Factors
- Net interest margin compressed 2 bps QoQ to 3.58%; deposit costs rose 6 bps to 2.29%
- Noninterest-bearing deposits declined $45.8M QoQ, pressuring funding mix
- Acquisition-related expenses of $1.7M in Q3 vs $13.8M in Q2; integration risk remains
- Commercial loans declined $63.3M QoQ, partially offset by consumer loan growth
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302915906 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $23.67 $23.70 | ▲ +0.13% | ▼ −0.58% | $23.49 (−0.76%) |
Oct 21, 2026 5d ago | 8-K | $23.35 $23.67 | ▲ +1.37% | ▲ +1.89% | $23.49 (+0.60%) |
Oct 21, 2026 5d ago | Press Release | $23.35 $23.67 | ▲ +1.37% | ▲ +1.89% | $23.49 (+0.60%) |
Oct 1, 2026 25d ago | Press Release | $22.59 $22.81 | ▲ +0.97% | ▲ +0.23% | $23.49 (+3.98%) |
Sep 15, 2026 5w ago | Press Release | $23.46 $23.39 | ▼ −0.30% | ▼ −1.43% | $23.49 (+0.13%) |
Aug 6, 2026 11w ago | Insider Cluster | $24.40 $24.24 | ▼ −0.66% | ▼ −1.27% | $23.49 (−3.73%) |
Jul 22, 2026 13w ago | Press Release | $24.26 $24.57 | ▲ +1.28% | ▲ +1.18% | $23.49 (−3.17%) |
Jul 21, 2026 13w ago | Press Release | $24.44 $24.26 | ▼ −0.74% | ▲ +0.50% | $23.49 (−3.89%) |
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