NASDAQ$FULT

Fulton Financial Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial performance with continued record earnings per share.

Fulton Financial Corporation reported a net income available to common shareholders of $73 million, or $0.45 per diluted share, for the third quarter of 2021. The company saw loan growth, solid core commercial and consumer businesses, stable asset quality, improving pipelines, strong mortgage banking earnings, and record highs in wealth management income and assets under management and administration.

  • Net income available to common shareholders was $73 million, or $0.45 per diluted share.
  • Net interest income increased to $171 million.
  • Net interest margin increased 9 basis points to 2.82%.
  • Non-interest income, excluding investment securities gains, increased 21% to $63 million.

Headline financials

Total Revenue

$234M

Previous: $217M+7.6%
EPS (adj)

$0.45

Previous: $0.38+18.4%
Net interest margin

2.8%

Previous: 2.7%+4.4%
Return on avg. assets

1.1%

Previous: 1.0%+16.5%
Return on avg. common equity

10.6%

No prior period
Efficiency ratio

60.3%

Previous: 62.3%-3.2%
Tangible common equity ratio

7.6%

Previous: 7.4%+2.7%
Free Cash Flow

$75.6M

Previous: $61.6M+22.7%
Net Income

$75.6M

Previous: $61.6M+22.7%
Operating Income

$160M

Previous: $129M+24.4%
Gross Profit

$233M

Previous: $210M+10.9%
Cash & Equivalents

$2.47B

Previous: $1.53B+61.0%
Total Assets

$26.4B

Previous: $25.5B+3.3%
Stock-Based Comp

$2.19M

No prior period

Revenue & EPS history

Fulton Financial · Revenue · Quarterly

$234M

Q3 2021+7.6%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

This news release may contain forward-looking statements with respect to the Corporation’s financial condition, results of operations and business.

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 Q3 2021

Historical avgQ3 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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