Revenue: As of FY2026 Q1, the actual value is USD 331.86 M.

EPS: As of FY2026 Q1, the actual value is USD 0.51.

EBIT: As of FY2026 Q1, the actual value is USD -144.9 M.

Net Income

Net income available to common shareholders was $92.2 million, a decrease of $4.2 million compared to the prior quarter. Operating net income available to common shareholders was $99.7 million, an increase of $0.3 million compared to the prior quarter, or $0.55 per diluted share. Net income was $94,761 thousand.

Net Interest Income

Net interest income decreased by $4.0 million to $262.0 million, primarily due to a $10.1 million decrease in interest income on net loans and a $2.2 million decrease in interest income on investment securities, partially offset by an $8.6 million decrease in interest expense on deposits. Net interest margin was 3.58%, a one basis point decline from the prior quarter. Purchase loan mark accretion from the Republic Acquisition was $10.3 million, down from $10.5 million in the prior quarter. The loan yield was 5.70%, and the total cost of deposits was 1.78%.

Non-Interest Income

Non-interest income decreased by $0.1 million to $69.8 million compared to $70.0 million in the prior quarter. This decrease was mainly due to decreases of $1.3 million in commercial banking fee income and $1.3 million in consumer banking fee income, partially offset by a $1.3 million increase in income from equity method investments and a $0.6 million increase in wealth management revenues.

Breakdown of Non-Interest Income: Wealth management: $24.496 million. Commercial banking: $22.806 million, composed of merchant and card ($6.343 million), cash management ($8.363 million), capital markets ($3.614 million), and other commercial banking ($4.486 million). Consumer banking: $14.176 million, composed of card ($7.887 million), overdraft ($3.798 million), and other consumer banking ($2.491 million). Mortgage banking: $3.955 million. Other non-interest income: $4.408 million.

Non-Interest Expense

Total non-interest expense decreased by $12.7 million to $200.3 million compared to $213.0 million in the prior quarter, primarily due to an $11.7 million decrease in salaries and employee benefits expense, mainly from an $11.3 million decrease in incentive compensation expense. Operating non-interest expense decreased by $13.4 million to $190.7 million compared to $204.1 million in the prior quarter.

Breakdown of Non-Interest Expense: Salaries and employee benefits: $109.917 million. Data processing and software: $18.662 million. Net occupancy: $18.229 million. Other outside services: $12.750 million. Intangible amortization: $5.349 million. FDIC insurance: $4.249 million. Equipment: $3.924 million. Professional fees: $2.239 million. Acquisition-related expense for the Blue Foundry Bancorp transaction was $2.6 million, up from $0.8 million in the prior quarter. Other non-interest expense: $22.331 million.

Provision for Credit Losses and Asset Quality

Provision for credit losses totaled $14.4 million. The Allowance for Credit Losses (ACL) attributable to net loans was $367.5 million, or 1.51% of total net loans as of March 31, 2026, compared to $364.5 million, or 1.51% as of December 31, 2025. Non-performing assets were $177.5 million, or 0.55% of total assets, as of March 31, 2026, down from $185.2 million, or 0.58% of total assets, as of December 31, 2025. Annualized net charge-offs for the first quarter of 2026 were 0.25% of total average loans, compared to 0.24% in the prior quarter. Net loans charged off were - $14.908 million.

Total non-performing loans: $175.851 million, including commercial and industrial ($47.759 million), real estate - commercial mortgage ($64.890 million), real estate - residential mortgage ($47.826 million), consumer and home equity ($12.339 million), real estate - construction ($3.000 million), and leases and other loans ($0.037 million).

Balance Sheet (as of March 31, 2026)

Total net loans increased by $121.5 million to $24.3 billion compared to December 31, 2025, primarily due to increases of $78.7 million in consumer loans and $42.7 million in commercial loans. Deposits totaled $26.8 billion, a $178.9 million increase compared to December 31, 2025, driven by increases of $362.4 million in savings deposits and $78.8 million in noninterest-bearing demand deposits, partially offset by decreases in interest-bearing demand deposits and brokered deposits. Total Assets were $32.237 billion. Shareholders’ equity was $3.505 billion. Investment securities were $4.862 billion. Borrowings were $1.253 billion. The loan portfolio has grown $5.4 billion since 2020.

Capital Ratios

Common equity tier 1 capital ratio increased to approximately 11.9% compared to 11.8% in the prior quarter. Tangible common equity ratio (TCE) was 8.6%. Tier 1 leverage ratio was 9.9%. Tier 1 risk-based capital ratio was 12.7%. Total risk-based capital ratio was 15.1%. Tangible capital increased by $20 million linked quarter.

Share Repurchases

During the first quarter of 2026, 1,212,650 shares of common stock were repurchased at a cost of $24.5 million, averaging $20.21 per share, under the 2026 Repurchase Program. A share repurchase authorization of $126 million remains in place through January 31, 2027.

Other Financial Metrics

Return on Assets (ROAA) (annualized) was 1.20%, with Operating ROAA (annualized; non-GAAP) at 1.30%. Operating Return on Average Tangible Common Equity (ROATCE) (annualized; non-GAAP) was 14.76%. The Efficiency Ratio (non-GAAP) was 56.7%. Non-Interest Expense / Total Average Assets (annualized) was 2.42%. Operating Pre-Provision Net Revenue (PPNR) (non-GAAP) was $141.0 million, and Operating PPNR / Average Assets (annualized; non-GAAP) was 1.79%. Income before income taxes was $117,128 thousand, and income taxes were $22,367 thousand. Preferred stock dividends were - $2,562 thousand. Return on Average Equity (ROAE) was 11.16%. Accumulated Other Comprehensive Income (AOCI) was - $222 million.

Operational Metrics

Fulton Financial Corporation has 878,495 deposit accounts with an average balance of $30,919 and an average age of approximately ten years. Net estimated uninsured deposits account for 24% of total deposits, with 281% coverage. Wealth Management Assets Under Management (AUM)/Assets Under Administration (AUA) were in excess of $17 billion, specifically $17.1 billion.

Outlook / Guidance

Fulton Financial Corporation projects Non-Fully Taxable Equivalent (Non-FTE) Net Interest Income (NII) to be between $1.120 billion and $1.140 billion for 2026, with Provision for Credit Losses estimated at $55 million to $75 million. Non-Interest Income is expected to range from $285 million to $300 million, while Non-Interest Expense is guided to be between $800 million and $835 million, excluding non-operating expenses and Core Deposit Intangible (CDI) amortization, with an anticipated effective tax rate between 18.5% and 19.5%. The company’s focus turns to seamless integration, smooth customer transition, and continued delivery of positive operating leverage and successful strategic outcomes following the Blue Foundry Bancorp acquisition.