FULTON FINANCIAL (FULT)

• Fulton Financial reported record operating earnings per share of $2.16 for the full year 2025 and $0.55 for the fourth quarter of 2025.
• The company saw strong deposit growth in 2025, with customer deposits increasing by $449 million, and its net interest margin (NIM) expanded to 3.59% by the end of Q4 2025.
• Strategic actions in 2025 resulted in an over $800 million headwind to loan growth, but the company anticipates a return to mid-single-digit organic loan growth in 2026.
• For 2026, Fulton Financial provided guidance including net interest income of $1,120 million-$1,140 million, non-interest income of $285 million-$300 million, and operating expenses of $800 million-$835 million.
• Capital management included increasing its dividend and repurchasing $59 million of common stock in 2025, with a new $150 million repurchase authorization approved in December 2025.

• Fulton Financial reported record operating earnings per share of $2.16 for the full year 2025 and $0.55 for Q4 2025, with net interest margin expanding to 3.59% in Q4.
• The company provided 2026 operating guidance, including net interest income of $1,120 million-$1,140 million, loan loss provision expense of $55 million-$75 million, non-interest income of $285 million-$300 million, and operating expenses of $800 million-$835 million.
• Fulton Financial expects mid-single-digit loan growth in 2026, following strategic actions in 2025 that created an $800 million headwind.
• The company's capital position improved, with tangible book value per share growing 15% in 2025, and a new $150 million share repurchase authorization was approved in December 2025.

• Fulton Financial reported record operating earnings per share of $2.16 for the full year 2025, with operating return on assets improving by 17 basis points to 1.28% and net interest margin increasing 9 basis points to 3.51%.
• For Q4 2025, operating diluted earnings per share were $0.55, with net interest margin expanding to 3.59% and total deposits growing $257 million.
• The company provided 2026 operating guidance, projecting net interest income between $1,120 million and $1,140 million, non-interest income between $285 million and $300 million, and operating expenses between $800 million and $835 million.
• Loan growth is expected to return to the mid-single-digit range in 2026, following strategic actions in 2025 that created an $800 million headwind.
• Fulton Financial announced the acquisition of Blue Foundry Bancorp in November 2025, expected to close early in Q2 2026, and authorized a new $150 million share repurchase program through January 2027.

• Fulton Financial Corporation reported net income available to common shareholders of $96.4 million, or $0.53 per diluted share, for the fourth quarter of 2025, and $381.4 million, or $2.08 per diluted share, for the full year 2025.
• The company's operating net income available to common shareholders was $99.4 million, or $0.55 per diluted share, for Q4 2025, and $396.8 million, or $2.16 per diluted share, for the full year 2025, representing a 17% increase in operating diluted earnings per share compared to 2024.
• Key financial metrics for Q4 2025 included a net interest margin (NIM) of 3.59%, an efficiency ratio of 60.0%, and a common equity tier 1 capital ratio of approximately 11.8%.
• As of December 31, 2025, the allowance for credit losses attributable to net loans was $364.5 million, or 1.51% of total net loans, and non-performing assets totaled $185.2 million, or 0.58% of total assets.
• During Q4 2025, Fulton repurchased 1,082,678 shares of common stock at a cost of $19.9 million under its 2025 Repurchase Program, and its Board of Directors approved a new 2026 Repurchase Program authorizing up to $150 million in share repurchases.

Fulton Financial Corporation announced its net income available to common shareholders and operating net income available to common shareholders for the fourth quarter and full year ended December 31, 2025.

• The operating diluted earnings per share for the full year 2025 increased by 17% compared to 2024.
• The company reported a net interest margin of 3.59% and an increase in the common equity tier 1 capital ratio to approximately 11.8% in Q4 2025.
• As of December 31, 2025, total net loans increased to $24.1 billion and deposits rose to $26.6 billion.
• During Q4 2025, Fulton repurchased 1,082,678 shares of common stock for $19.9 million, and its Board approved a 2026 Repurchase Program authorizing up to $150 million in share repurchases.

• Fulton Financial Corporation entered into a Merger Agreement with Blue Foundry Bancorp on November 24, 2025, which was unanimously approved by the boards of directors of both companies.
• Under the terms of the agreement, Blue Foundry will merge with and into Fulton, with Fulton surviving, and subsequently, Blue Foundry Bank will merge with and into Fulton Bank, N.A..
• At the effective time of the merger, each outstanding share of Blue Foundry Common Stock will be converted into the right to receive 0.650 of a share of Fulton Common Stock and cash in lieu of fractional shares.
• The merger is intended to qualify as a "reorganization" for U.S. federal income tax purposes.

• Fulton Financial Corporation (FULT) announced a definitive merger agreement to acquire Blue Foundry Bancorp (BLFY) in an all-stock transaction.
• The transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock, based on Fulton's share price of $17.96 as of November 21, 2025. Each share of Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock.
• The acquisition is expected to be accretive to first full-year earnings by over 5%, immediately accretive to tangible book value per share, and neutral to regulatory capital ratios at close.
• The merger is anticipated to close in the second quarter of 2026, pending customary closing conditions, including regulatory approvals and approval by Blue Foundry’s stockholders.

• Fulton Financial Corporation (Fulton) will acquire Blue Foundry Bancorp (Blue Foundry) in an all-stock transaction.
• Each share of Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock, valuing the transaction at approximately $243 million, or $11.67 per share of Blue Foundry common stock, based on Fulton's share price of $17.96 as of November 21, 2025.
• The transaction is expected to be accretive to first full-year earnings by over 5%, immediately accretive to tangible book value per share, and neutral to regulatory capital ratios at close.
• The acquisition is anticipated to close in the second quarter of 2026, subject to customary closing conditions, and will expand Fulton's presence in the northern New Jersey market.

• Fulton Financial reported strong Q3 2025 operating results with $0.55 per share in operating earnings and an operating return on assets (ROA) of 1.29%.
• The company repurchased 1,650,000 shares at a weighted average cost of $18.67 per share during the quarter, with $86,000,000 remaining on the buyback authorization.
• Fulton updated its 2025 operating guidance, increasing net interest income to a range of $1,025,000,000 to $1,035,000,000 and lowering provision expense to $45,000,000 to $55,000,000.
• Net interest income increased by $9,300,000 linked quarter to $264,200,000, and net interest margin rose 10 basis points to 3.57%.
• Loan growth for the quarter was $29,000,000, which was offset by $600,000,000 in strategic actions year-to-date, with management expecting loan growth to return to long-term trends of 4% to 6%.

• Fulton Financial Corporation (FULT) reported strong Q3 2025 operating results, with operating earnings of $0.55 per share and $101.3 million in operating net income, driven by an all-time high in total revenue and an improved efficiency ratio of 56.5%.
• The company demonstrated robust capital management by repurchasing 1.65 million shares at a weighted average cost of $18.67 per share and growing tangible book value per share by 18% on a linked quarter annualized basis.
• FULT experienced deposit growth of $194 million and loan growth of $29 million in Q3 2025, noting that strategic actions year-to-date created a $600 million headwind to loan growth, which is expected to moderate.
• FULT updated its 2025 operating guidance, increasing net interest income to a range of $1.025 billion to $1.035 billion and tightening fee income to $270 million to $280 million, while lowering provision expense and operating expenses.