Fulton Financial Corporation (NASDAQ: FULT) announced it will distribute its third quarter 2026 earnings release and accompanying charts on Wednesday, October 21, at approximately 4:30 pm Eastern Time.

The financial holding company plans to host a conference call with analysts the following day, Thursday, October 22, at 10 am Eastern Time. The session will be led by Curt Myers, Chairman, CEO and President, joined by Rick Kraemer, Senior Executive Vice President and CFO.

Earnings call details

Participants can access the live webcast via the company's investor relations portal. An audio-only option is also available for those preferring a dial-in experience. The event provides insights into the performance of Fulton Bank, N.A., which serves customers across five states.

Company profile

Fulton Financial is a Lancaster, Pa.-based entity with assets exceeding $34 billion. The organization employs more than 3,400 people and maintains a network of over 200 financial centers. These locations operate in Pennsylvania, New Jersey, Maryland, Delaware and Virginia.

Fulton Financial Corporation reported record financial results for the second quarter of 2026, with net income available to common shareholders of $99.9 million, or $0.52 per diluted share. Operating net income available to common shareholders — a non-GAAP measure — reached $115.9 million, or $0.60 per diluted share, an increase of $16.2 million and $0.05 per diluted share compared to the first quarter of 2026. The quarter was also marked by the completion of the Blue Foundry Bancorp acquisition, which significantly expanded the corporation's balance sheet and community banking footprint.

"During the quarter, we achieved record financial results and successfully completed the acquisition of Blue Foundry Bancorp," said Curtis J. Myers, Fulton Chairman, CEO, and President. "With the successful integration of Blue Foundry Bank already occurring earlier this month, we are well positioned to deepen existing relationships and drive growth in this expanded footprint. Our ongoing strong performance is due to high demand for our community banking approach and the commitment of our dedicated team members to making banking personal."

Blue Foundry Bancorp Transaction

On April 1, 2026, Fulton Financial completed its acquisition of Blue Foundry Bancorp. Blue Foundry Bank subsequently merged with and into Fulton Bank, National Association on July 11, 2026. The transaction added approximately $2.1 billion in total assets, including total loans with a preliminary fair value of approximately $1.6 billion and investments with a fair value of $226.5 million. Total liabilities assumed had a fair value of $1.8 billion, including deposits of $1.5 billion and borrowings of $276.0 million.

Q2 2026 Financial Performance

The following table summarizes key income statement metrics for Q2 2026 compared to Q1 2026 and Q2 2025:

Net interest income increased $22.2 million from the prior quarter, driven in part by a $17.5 million contribution from the Blue Foundry Bancorp transaction. Net interest margin remained solid at 3.60%, a two basis point increase from the prior quarter. Non-interest income rose $9.5 million quarter-over-quarter, primarily due to a $7.3 million increase in income from equity method investments, including $6.9 million recognized from an equity method investment sold during the quarter.

Non-interest expense increased $30.7 million to $231.0 million compared to $200.3 million in the prior quarter. The increase was primarily driven by an $11.2 million rise in acquisition-related expenses and a $10.3 million increase in salaries and employee benefits. Operating non-interest expense, which excludes acquisition-related and other non-recurring items, increased $19.9 million to $210.6 million.

Six-Month Performance

For the six months ended June 30, 2026, net income available to common shareholders was $192.1 million, or $1.02 per diluted share, an increase of $5.0 million compared to the same period in 2025. Operating net income available to common shareholders for the six months ended June 30, 2026 was $215.5 million, or $1.15 per diluted share, an increase of $19.4 million and $0.08 per diluted share versus the prior-year period.

Balance Sheet and Deposits

Total assets grew to $34.6 billion as of June 30, 2026, up from $32.2 billion at March 31, 2026, largely reflecting the Blue Foundry Bancorp acquisition. Total net loans increased $1.7 billion to $25.9 billion, with $1.6 billion of the increase attributable to the acquisition. Excluding the transaction, net loans increased $102.6 million, driven by $206.9 million growth in consumer loans partially offset by a $104.3 million decline in commercial loans.

Deposits totaled $28.3 billion, a $1.5 billion increase from $26.8 billion at March 31, 2026. Approximately $1.2 billion of the deposit increase was attributable to the Blue Foundry Bancorp transaction. The corporation also issued $300.0 million aggregate principal amount of 5.950% Fixed-to-Floating Rate Subordinated Notes due 2036 and redeemed $195.0 million of outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030.

Asset Quality and Capital

The following table presents key asset quality and capital metrics:

The allowance for credit losses on net loans increased to $382.6 million, largely due to a $28.7 million increase resulting from the Blue Foundry Bancorp transaction, which included an initial allowance of $31.0 million on acquired loans. Non-performing assets included $16.4 million from the Blue Foundry Bancorp transaction. The common equity tier 1 capital ratio improved to approximately 12.1%, up from 11.9% in the prior quarter.

During the second quarter of 2026, the corporation repurchased 525,000 shares of common stock under the 2026 Repurchase Program at a cost of $11.1 million, or an average of $21.19 per share. As of June 30, 2026, cumulative repurchases under the program totaled $35.6 million.