FULT · Fulton Financial Corporation Q2 FY2026 earnings call record财报电话会记录

“We maintained focus on supporting our customers, team members, and communities.”

“We continue to focus on growing the company, delivering effectively for customers, operating with excellence so that we can continue to serve all of our stakeholders.”

“This transaction advances our strategy by expanding our presence in Northern New Jersey, enhancing our community banking model, and increasing our ability to serve customers in an attractive and growing market.”

“Operating net income available to common shareholders grew to $115.9 million or $0.60 per diluted share.”

“Compared to the prior quarter, commercial fee income increased 9%, consumer fee income increased 8%, and wealth management assets under management administration reached a record $18.4 billion at quarter end.”

“We repurchased $11.1 million of common stock while increasing tangible book value and improving our Common Equity Tier 1 ratio to approximately 12.1%.”

“Total loan interest income increased by $32.6 million, reflecting both acquisition-related growth and higher average balances.”

“Our net interest margin expanded to 3.6%, up two basis points from the first quarter and up 13 basis points from the year-prior period.”

“Items excluded from operating results included $13.8 million of acquisition-related expenses, $5.9 million of intangible amortization, and approximately $0.8 million of debt extinguishment costs associated with the redemption of subordinated debt.”

“We also continue returning capital shareholders through share repurchases, buying back 525,000 shares during the quarter at an average price of $21.19 per share, representing approximately $11.1 million of capital.”

“We are narrowing our range for net interest income to $1.12 billion-$1.135 billion and adjusting our full year loan growth to low single digits.”

“Just your thoughts on being able to generate positive operating leverage going forward, assuming, and I'm sure we'll get into the margin with someone else, but assuming maybe a tighter margin path from the increase in competition that we've been seeing.”