Fulton Financial Hits Record Operating Earnings as Community Banking Strategy Delivers Strong Results
Fulton Financial, a leading regional bank holding company, has achieved record operating earnings in the second quarter of 2025. The company's strong performance is attributed to its community banking strategy, which continues to attract and retain valuable customers.
According to Curt Myers, Chairman and Chief Executive Officer, Fulton Financial's second-quarter operating earnings of $100.6 million or $0.55 per share represent a $0.03 linked quarter increase and a record for the company. This result demonstrates the impact of consistent positive operating leverage while maintaining a strong balance sheet.
The company's revenue growth was driven by a strong net interest margin and a solid linked quarter increase in noninterest income, with all noninterest income categories growing during the period. Effective expense management continues to contribute nicely to overall profitability, resulting in a quarterly efficiency ratio of 57.1%.
Fulton Financial's operating return on average assets increased to 1.3%, while operating return on average tangible common equity rose to 16.26%. The company was able to deliver its first $100 million operating net income quarter in history, solidifying its position for continued success.
The company remains focused on balancing long-term deposit growth with prudent interest cost management. During the quarter, deposits experienced a modest decline largely due to seasonal trends. However, based on new customer acquisition and overall customer sentiment, Fulton Financial continues to be positioned for long-term deposit growth.
In addition to its financial performance, Fulton Financial has made significant investments in its communities, making a positive impact in changing lives for the better. The company's corporate social responsibility report, released in June, highlights these efforts.
Fulton Financial's strong performance is also reflected in its stock price, which has seen significant growth over the past quarter. The company remains committed to delivering great customer outcomes, which translate into strong results for shareholders.
