Daniel Tamayo's questions to FULTON FINANCIAL (FULT) leadership • Q3 2025
Question
Daniel Tamayo inquired about the implications of the revised net interest income (NII) guidance, specifically addressing the anticipated margin compression in the fourth quarter due to recent rate cuts and how the impact of the initial rate cut compares to potential future cuts.
Answer
Curt Myers, CEO and Chairman, clarified that the guidance implies some Q4 margin pressure, estimating a $2 million annualized NII headwind per 25 basis point rate cut. He noted a lag of approximately three months for deposit cost adjustments to catch up and expects stabilization several months after the Federal Reserve ceases rate cuts.