Fulton Financial Reports Record Q3 2026 Operating Net Income and Wealth Management AUM
Fulton Financial Corporation (FULT) reported strong third-quarter 2026 results, highlighted by record operating net income of $119.8 million ($0.62 per diluted share), up from $115.9 million in the previous quarter. The company saw significant growth in its wealth management division, with Assets Under Management (AUMA) reaching a record $18.6 billion and revenue increasing over 9% sequentially. Operational highlights include a $1 billion increase in customer deposits and a successful reduction of FHLB advances to zero. While the net interest margin saw a slight 2 basis point decline due to higher cash balances, credit quality improved significantly, with net charge-offs dropping to 0.14%. Management also noted the completion of the Blue Foundry Bank integration and an expansion of the commercial sales force.
Tickers: $FULT
Topics: Customer Deposits Loan Originations Net Income Net Interest Margin Share Repurchases Wealth Management