Fulton Financial Posts Record Q2 2026 Earnings and Lifts Guidance Following Blue Foundry Integration

summarizeSummary

Fulton Financial recorded record Q2 2026 results, with operating EPS of $0.60—up 9% sequentially—and raised its full-year guidance. The Blue Foundry Bancorp acquisition has been closed and integrated, adding scale and driving margin improvement.

check_boxKey Events · Earnings and Guidance · FULT

• Record Q2 Operating EPS of $0.60

  Operating net income available to common shareholders hit $115.9 million, or $0.60 per diluted share, marking a $0.05 sequential increase from Q1 2026. The Blue Foundry acquisition and higher net interest income were the primary drivers.

• Net Interest Margin Expands to 3.60%

  NIM rose 2 basis points sequentially to 3.60%, helped by a 10 bps increase in loan yields to 5.80% and disciplined deposit costs. Purchase loan accretion contributed $15.1 million to the result.

• Blue Foundry Integration Completed

  The merger of Blue Foundry Bank into Fulton Bank closed on July 11, 2026, finalizing the $2.1 billion acquisition. The deal brought $1.6 billion in loans and $1.5 billion in deposits, with cost savings expected by Q4 2026.

• Full-Year 2026 Guidance Raised

  Management lifted its NII guidance to $1.120–$1.135 billion and non-interest income to $290–$300 million, while holding non-interest expense steady at $810–$830 million, signaling confidence in post-merger earnings power.

auto_awesomeAnalysis · FULT · Finance

Operating EPS reached $0.60, a $0.05 improvement over the prior quarter, fueled by the Blue Foundry acquisition. Net interest margin widened to 3.60%, and the bank raised its full-year 2026 outlook for net interest income and non-interest income while keeping expense growth under control. With the Blue Foundry integration completed on July 11, execution risk is now behind the franchise, clearing the path for continued expansion across its enlarged Mid-Atlantic footprint.