Chris McGratty's questions to Fulton Financial Corp (FULT) leadership • Q4 2024
Question
An analyst on behalf of Chris McGratty from KBW inquired about the expected cadence of the net interest margin (NIM) throughout 2025 and whether the company's appetite for share buybacks has increased.
Answer
CFO Rick Kraemer explained that while avoiding specific margin guidance, he anticipates Net Interest Income (NII) will start lower in Q1 due to day count and then gradually increase through 2025. CEO Curtis Myers stated that capital allocation priorities remain unchanged, with share buybacks ranked third, although the company maintains the flexibility of an approved authorization.