Fulton Financial Reports Strong 2025 Earnings, Announces $150M Share Repurchase Program
FULT sits 43% above its 52-week low of $14.325.
Summary
Fulton Financial reported a substantial increase in 2025 net income and EPS, improved asset quality, and announced a new $150 million share repurchase program, while confirming the imminent closing of the Blue Foundry Bancorp merger.
Key Events · Earnings and Guidance · FULT
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Strong 2025 Financial Performance
Net income available to common shareholders increased significantly to $381.4 million in 2025, up from $278.5 million in 2024. Diluted earnings per share also rose substantially to $2.08 from $1.57 in the prior year.
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New $150 Million Share Repurchase Program
The Board of Directors approved a new share repurchase program, authorizing the repurchase of up to $150.0 million of common stock, with up to $25.0 million potentially used for preferred stock and subordinated notes. This program expires on January 31, 2027.
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Improved Asset Quality
The company saw a notable decrease in non-accrual loans, which fell by 18.7% to $153.9 million, and non-performing assets as a percentage of total assets improved to 0.58% from 0.69% in 2024. The allowance for credit losses (ACL) to non-performing loans increased to 198% from 172%.
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Blue Foundry Bancorp Merger Progress
Shareholders of Blue Foundry approved the merger on January 29, 2026, and all required regulatory approvals have been obtained. The merger is expected to close around April 1, 2026, with Blue Foundry Bank merging into Fulton Bank in the third quarter of 2026. This follows the regulatory approvals reported on February 23, 2026.
Analysis · FULT · Finance
Fulton Financial Corporation delivered robust financial results for 2025, marked by a significant increase in net income and diluted EPS, alongside improved asset quality. The company also authorized a new $150 million share repurchase program, signaling confidence in its valuation and commitment to shareholder returns. Progress on the Blue Foundry Bancorp merger, with all regulatory and shareholder approvals secured, positions the company for further strategic growth. These positive developments collectively indicate a strong operational and financial trajectory for Fulton Financial.
At the time of this filing, FULT was trading at $20.55 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $14.33 to $22.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.