Fulton Financial Corporation Latest News and Insights

Fulton Financial Corporation has been a leading financial institution in the Mid-Atlantic region for over 150 years. With a rich history dating back to 1869, the company has been serving customers for generations.

Fulton Financial Corporation operates over 230 branches across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. This extensive network allows the company to provide personalized service to its customers in various communities.

Fulton Financial Corporation has been recognized for its commitment to community development and corporate social responsibility. The company has invested heavily in local initiatives and has been awarded for its efforts in supporting economic growth and development in the regions it serves.

Fulton Financial Corporation offers a range of financial products and services to its customers, including deposit accounts, loans, and investment services.

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Fulton Financial Corporation has been making waves in the banking industry. Fulton Bank, a subsidiary of Fulton Financial, has launched a new Capital Markets team, led by Christopher Bigos as Head of Capital Markets, to enhance the bank's capabilities in managing syndications, derivatives, and capital markets referral programs.

Fulton Financial has also announced a quarterly cash dividend increase of one cent to $0.18 per common share, payable January 15, 2025, representing a nearly 6% increase. Additionally, the company has approved a new $125 million share repurchase program for 2025.

The bank has also launched a new digital platform for escrow account and subaccount management, called ZEscrow, in partnership with ZSuite Technologies. This platform offers features such as bulk import capability, easy account access, and interest configuration.

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Fulton Bank has announced the launch of a new Capital Markets team to enhance its capabilities in managing syndications, derivatives, and capital markets referral programs.

Christopher Bigos will lead the team as Head of Capital Markets, bringing nearly 20 years of commercial banking experience to the role.

The new program aims to deepen relationships with capital markets providers and expand credit capacity.

In his role, Bigos will oversee commercial & industrial (C&I) and commercial real estate (CRE) syndications, customer interest rate hedging, and CRE capital markets.

Fulton Bank has also increased its quarterly cash dividend by one cent to $0.18 per common share, a nearly 6% increase.

The dividend increase is part of three key financial decisions announced by Fulton Financial, the parent company of Fulton Bank.

Fulton Bank operates over 200 financial centers across five states, with assets totaling over $30 billion.

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Fulton Bank has launched a new digital platform for escrow account and subaccount management called ZEscrow.

The platform is designed for clients in the real estate industry and municipal organizations. It offers features such as bulk import capability, easy account access, and interest configuration.

ZEscrow provides real-time access to information, making it easier for customers to manage their escrow accounts. This is a big deal, especially for those who need to keep track of multiple accounts.

The platform is a result of a partnership between Fulton Bank and ZSuite Technologies, a company that specializes in providing advanced tools for businesses and individuals.

Fulton Financial Corporation has a strong financial standing, with over $30 billion in assets and a workforce of over 3,400 people. This allows the company to serve customers through 200 financial centers across five states.

The company's Board of Directors recently declared a quarterly cash dividend of 18 cents per share, a one-cent increase from the previous quarter. This represents a nearly 6% rise, demonstrating the company's commitment to returning value to its shareholders.

Fulton Financial Corporation's financial performance is a key factor in its ability to invest in its customers and employees. With a strong financial foundation, the company can continue to grow and expand its services.

Here are some key revenue and earnings metrics for Fulton Financial Corporation:

Fulton Financial Corp. has a strong financial foundation, with over $30 billion in assets and more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia.

The company has a long history, founded on February 8, 1982, and is headquartered in Lancaster, PA.

Fulton's Board of Directors declared a quarterly cash dividend of 18 cents per share on its common stock, payable on January 15, 2025, to shareholders of record as of December 31, 2024.

This represents a one-cent increase from the previous quarter's dividend, marking a nearly 6% rise.

Fulton also declared a quarterly dividend of $12.81 per share on its Preferred Stock, Series A, payable on January 15, 2025, to shareholders of record as of December 31, 2024.

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The company has a $125 million repurchase program for 2025, which allows it to buy back up to $125 million of its common stock and other securities.

This includes up to $25 million allocated for the repurchase of Preferred Stock, providing flexibility for repurchases in open market or privately negotiated transactions.

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Revenue metrics are a crucial part of evaluating a company's financial performance. Analysts expect the stock price to reach the Consensus Price Target within a period of 0-18 months.

To get a better understanding of a company's revenue, we need to look at estimates for the next 12 months. These estimates include EPS (Earnings Per Share) and Revenue, which are essential metrics for investors.

EPS estimates are a key indicator of a company's profitability. By comparing these estimates to the actual EPS, we can gauge how well the company is performing financially.

Revenue estimates, on the other hand, give us an idea of how much money a company is expected to generate over the next 12 months. This information can be useful for investors who want to make informed decisions about their investments.

Here's a quick reference to the key revenue metrics: