Fulton Financial (FULT) Q3 2026 earnings summary

Executive summary

• Q3 reported net income was $114.1M, or $0.59 diluted EPS; adjusted operating net income was $119.8M, or $0.62 per diluted share.

• Operating ROAA was 1.40%, operating ROATCE 15.94%, and the efficiency ratio 56.8%.

• Blue Foundry Bank integration was completed during Q3, alongside customer and funding growth.

• Added 30 commercial bankers year over year, expanding the sales force 14%.

• Loan growth remained modest; management targets mid-single-digit organic growth as a base for 2027 as runoff eases.

Financial highlights

• Net interest income rose $5.8M QoQ to $290.0M; purchase-accounting accretion was $12.9M versus $15.1M in Q2.

• Non-interest income was $77.2M, down $2.1M QoQ, primarily reflecting $6.9M of Q2 equity-method investment income; total revenue was $367.3M.

• GAAP non-interest expense fell $12.4M QoQ to $218.5M; adjusted operating expense rose $0.6M to $211.2M.

• Provision for credit losses declined to $4.1M from $4.9M in Q2; operating PPNR was $156.0M.

Outlook and guidance

• FY2026 non-FTE net interest income guidance is $1.125B–$1.135B; assumptions include 25-bp federal funds rate hikes in September and December 2026.

• FY2026 provision guidance is $30M–$40M; non-interest income guidance is $295M–$305M.

• FY2026 operating non-interest expense guidance is $820M–$830M, excluding non-operating expenses and CDI amortization; assumes ~$25M of legacy Blue Foundry operating expense.

• 2027 organic loan growth target is mid-single digits as a base, supported by expanded banker capacity and easing runoff; NIM is expected stable to slightly higher near term.