Fulton Financial CorporationFulton Financial beat revenue and EPS estimates, with improved efficiency ratio and tangible book value growth.
Fulton Financial beat Wall Street's revenue expectations in the second quarter of CY2026, reporting sales of $367.9 million, up 12% year on year and 2.4% above analyst estimates. Its non-GAAP profit of $0.60 per share was 12.6% above consensus, while net interest income of $284.3 million grew 11.5% year on year and was in line with expectations. The net interest margin came in at 3.6%, matching estimates, and the efficiency ratio improved to 57.3%, beating the 58.9% forecast. Tangible book value per share rose 13.3% year on year to $15.61, slightly ahead of the $15.42 estimate. The stock remained flat at $24.45 following the results.
Fulton Financial CorporationFulton Financial beat revenue and EPS estimates, with improved efficiency ratio and tangible book value growth.