NASDAQ$FULT

Fulton Financial Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Fulton Financial Corporation reported solid financial performance with record earnings per share, strong mortgage business, record high wealth management business, and stable asset quality.

Fulton Financial Corporation reported a net income available to common shareholders of $70 million, or $0.43 per diluted share, for the first quarter of 2021. The balance sheet restructuring announced in March had minimal net impact on earnings but is expected to enhance net interest income going forward.

  • Net income available to common shareholders was $70 million, or $0.43 per diluted share.
  • Net interest income for the first quarter of 2021 was $164 million, $3 million higher than the fourth quarter of 2020.
  • Non-interest income in the first quarter of 2021, excluding investment securities gains, was $62 million, an increase of $6 million, or 11%, from the fourth quarter of 2020.
  • A reversal of provision of credit losses of $6 million was recognized.

Headline financials

Total Revenue

$260M

Previous: $215M+20.6%
EPS (adj)

$0.43

Previous: $0.16+168.8%
Net interest margin

2.8%

Previous: 3.2%-13.1%
Return on avg. assets

1.1%

No prior period
Efficiency ratio

63.0%

No prior period
Free Cash Flow

$73.1M

Previous: $26M+180.5%
Net Income

$73.1M

Previous: $26M+180.5%
Operating Income

$188M

Previous: $90M+108.9%
Gross Profit

$254M

Previous: $171M+48.4%
Cash & Equivalents

$1.66B

Previous: $856M+94.1%
Total Assets

$25.9B

Previous: $22.9B+12.9%
Stock-Based Comp

$1.9M

No prior period

Revenue & EPS history

Fulton Financial · Revenue · Quarterly

$260M

Q1 2021+20.6%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.8%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+9.7%

Q2 2024

Best reaction

-9.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-0.5%-1.9%
Q4 2025+2.6%-0.6%+9.2%
Q3 2025-1.5%+0.4%+0.4%
Q2 2025-1.4%-1.0%+3.4%
Q1 2025-0.4%-1.8%+13.5%
Q4 2024-1.1%-1.4%-3.5%
Q3 2024+2.9%-0.3%+15.7%
Q2 2024+9.7%+9.2%-1.0%
Q1 2024-2.1%+1.3%+18.0%
Q4 2023-2.6%+1.4%+0.6%
Q3 2023+0.3%-2.3%+14.4%
Q2 2023+8.7%+7.8%+6.7%
Q1 2023-4.9%-6.9%-14.4%
Q4 2022-9.5%-7.1%+2.1%
Q3 2022-1.1%-1.8%+2.3%
Q2 2022+9.7%+9.5%+22.0%
Q1 2022+2.6%+1.8%-6.2%
Q4 2021-2.1%-5.6%-4.0%
Q3 2021+6.4%+4.9%+4.3%
Q2 2021+3.7%+2.0%+4.0%
Q1 2021-1.0%+1.1%+0.8%
Q4 2020+0.6%+1.9%+2.5%
Q3 2020+8.5%+10.7%+25.6%
Q2 2020+3.7%+4.1%-0.2%
Q1 2020-5.0%-2.2%-1.2%
Q4 2019-0.5%-0.2%-23.3%
Q3 2019+0.9%+1.7%+2.2%
Q2 2019+1.7%+2.7%-4.0%
Q1 2019+2.5%+1.2%+3.6%
Q4 2018+0.2%+1.1%+1.0%
Q3 2018+5.3%+2.4%+4.8%
Q2 2018+1.5%+5.4%+7.2%
Q1 2018-2.8%-2.8%-0.8%
Q4 2017-0.3%-2.7%+1.3%
Q3 2017-4.2%-3.9%-7.0%
Q2 2017-2.6%-4.8%-10.8%
Q1 2017+3.5%+6.3%+0.0%
Q4 2016-3.5%-3.7%+1.6%
Q3 2016+3.9%+4.2%+23.2%
Q2 2016-0.9%-0.9%+1.2%
Q1 2016+1.9%
Q4 2015+2.7%
Q3 2015+4.5%
Q2 2015-2.6%
Q1 2015+1.7%
Q4 2014-3.6%
Q3 2014+4.4%
Q2 2014-2.6%
Q1 2014+2.7%
Q4 2013+0.2%
Q3 2013+0.0%
Q2 2013+2.5%
Q1 2013-4.3%
Q4 2012-0.4%
Q3 2012-2.5%
Q2 2012-1.4%
Q1 2012-0.3%
Q4 2011+0.1%
Q3 2011-6.3%
Q2 2011-6.0%
Q1 2010+0.6%
Q1 2011+3.0%
Q4 2009-2.8%
Q4 2010-2.8%
Q4 2008-2.8%
Q3 2009-3.8%
Q3 2010-3.8%
Q2 2010-1.3%
Q2 2009-1.3%

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