Fulton Financial Reports Record Quarterly Profitability in Q3 2026
Fulton Financial (FULT) reported record quarterly profitability during its third-quarter 2026 earnings call. The bank's strategic expansion of its commercial sales force by 14% year-to-date has successfully driven nearly $600 million in new commercial customer deposits, strengthening its presence in mid-Atlantic regional markets. While overall loan originations rose 23% quarter-over-quarter, total commercial balances saw a decline of $63 million. This was primarily due to higher-than-expected payoffs in the multifamily commercial real estate sector as non-bank competitors offered aggressive terms. However, the bank's wealth management division reached a record $18.6 billion in assets under management and administration, with fee revenue increasing by over 9% sequentially. Management remains focused on maintaining pricing discipline in commercial real estate while leveraging its diversified business model to offset interest rate competition. The company expects newly hired bankers to drive future loan origination momentum across both consumer and commercial lines.
Tickers: $FULT
Topics: commercial banking commercial real estate payoffs deposit growth earnings report wealth management